Alpha Capital Group out of all the companies specializing in prop trading can be considered a progressive company that provides traders with a large sum of capital as well as efficient trading platforms. For this reason, Alpha Capital Group has a trader-focused model, an A to Z evaluation process – perfect for novices, intermediates, and expert traders. There are few evaluation criteria for Alpha Capital Group for this review, few models of profit-sharing and there is a lot on risk management. Looking at the benefits and the risks that we presented, we will provide a straightforward view if Alpha Capital Group is right for the trading goals and vision you have in mind. If you are an experienced trader and looking for a new company to work with, or a new trader who wants to make his/her fortune, knowing the basics of Alpha Capital Group is the best way to go.
Key Features of Alpha Capital Group
- Maximum Capital: provide a trading account of up to 1 million USD
- Profit Split: Traders can share up to 80% of the profit sharing
- Trading Instruments: Forex pairs, Metals, Indices, Stocks
- Leverage: Evaluation is as high as 1:100; Fast Funding 1:30~50 depends on different modes
- Types of Drawdown: There are daily maximum drawdown and maximum total drawdown
- Trading Platforms: MT4, MT5
- Challenge Type: Evaluation is a 2-stage challenge evaluation; Fast Funding is divided into Standard and Aggressive, both of which are 1-stage challenge types.
Pros of Alpha Capital Group Prop Firm
- Helpful and responsive support team
- The team members place special emphasis on addressing everyone’s individual needs.
- Articulate about the satisfaction in the payout process
- Many customers usually refer to the rep as professional and patient.
- Free trial with outstanding Trustpilot rating of 4.6/5
- Up to $2,000,000 capital allocation
- Free commission
- An 80% profit share
- Biweekly payments
- Allowance for overnight and weekend storage
- News trading
- Account scaling
- Professional trading dashboard with 1:100 leverage
Cons of Alpha Capital Group Prop Firm
- There are several complaints from the users that include poor response time for some of the tasks, problems of moving from one phase to another, and delay in receiving payouts.
- Such tendencies have been observed where expectations in the response rate via email have been low as compared to that which is offered through live chat support.
- People have argued that account have been hacked or closed, more notably when a high profit is realized.
- Customers have raised issues of dissatisfaction with the KYC exercises because of the various challenges and the cases of rejection.
- Some clients also tend to disagree with the ideas stating that the firm is not very transparent in the way it conducts its business.
- Trade restrictions include Forex pairs
- Commodity Indices with Lot Size Limits
- Minimum 2-minute average trade duration.
Evaluation Program Account Rules
- Profit target: The precise sum to make an assessment, to deduct the expenses or to take an amount against an account. As for sponsored accounts their main aim is not to gain a specific profit, while phases one and two target 8 percent and 5 percent of profit accordingly.
- Maximum daily loss: This figure is the maximum sum which the person can lose a day before the account is hacked. They can only lose up to five percent of their account balance in a single day, no matter what their current balance is.
- Minimum trading days: This informs the traders on the number of trading days they have to meet in order to get a refund or carry out the evaluation period. They have to be at least three trading days per step.
- Lot size limits: These constraints confine traders to a fixed lot sizes of various trading instruments depending on the amount of money which is deposited in an account.
- Average trade duration: A regulation that gives the traders the maximum of two minutes to hold the trades.
- Third-party copy trading comes with the following risks: It provides that where duplicate trading services are employed and the maximum capital-allocation threshold is breached account and withdrawal privileges may be terminated.
- Third-party EA risk: This also shows the same danger that the traders are also exposed to when they use other external EAs together with similar trading strategies. One of the decisions that may result from this risk is the denial of a funded account or making of a withdrawal.
Instruments Available With Alpha Capital Group Prop Firm
- Forex
- Indices
- Crypto
- Metal
Frequently Asked Questions (FAQs)
What is the profit split at Alpha Capital Group?
Traders at Alpha Capital Group receive an 80% share of their profits, which is a significant portion and incentivizes performance. This high profit share motivates traders to maximize their trading efficiency and success.
What trading platforms does Alpha Capital Group support?
Currently, their platform exclusively grants access to the MetaTrader 5, cTrader and DX Trade.
Am I allowed to use Expert Advisors?
Yes, but the firm requests anyone using EAs contact them via email to approve it before taking the challenge.
What are the regulations concerning qualified traders?
The rules are the same as those in the Assessment, with only minor differences. For a deeper understanding of the Qualified Trader account, be sure to check out the Qualified Trader section in the Help Centre. It’s crucial to understand that the risk parameters for both the Assessment and Qualified accounts are identical. The only significant difference in rules is that there is no virtual profit target. Alongside the Assessment rules, the qualified trader accounts also involve the maximum lot exposure limit.
Are there Commission Fees?
Within Alpha Capital Group, we presently have 2 account types on offer. The first one is a Standard Assessment, and the second one is a Raw assessment. You are able to choose which one you need at the time of Checkout. Note for our Standard Assessment, there are no commission fees applicable to trades on any asset class.
What if I break the rule?
That depends on which rule you break. Some are classified as a soft breach, others are a hard breach, and consequently mean account failure. Some rules, if broken, can mean a complete ban from our platform & funding.
