Alpha Capital Group is a relatively new prop firm that started operating in November 2021. This group provides services to more than 215,000 traders and has considered $0 commission for anyone with any asset.
In addition to these attractive statistics, you can have up to $2,000,000 in funds to complete challenges in this firm.
These factors are significant for some users, but we must also consider the negative points of the Alpha Capital Group prop firm.
In this article, while examining this firm's various aspects and parts, we will also discuss its strengths and weaknesses.
Alpha Capital Group; Company Information
Alpha Capital Group Limited is a private limited company incorporated in the UK on November 2021. Based on the company's official website, its registered office is located at 10 Lower Thames Street, Billingsgate, London, England, EC3R 6AF. This firm is led by George Kohler and Andrew Blaylock as managing director and director, respectively.
Key aspects of the company:
- Offering virtual trading accounts up to $2 million;
- Providing comprehensive educational resources;
- Delivering market insights and virtual trading strategies.
Specifications Summary
Alpha Capital Group offers a range of features and specifications that cater to traders of various experience levels. Here's a summary of what the firm provides:
Account Currency | USD, GBP, EUR |
Minimum Price | $97 |
Maximum Leverage | 1:100 |
Maximum Profit Split | 80% |
Instruments | Forex, CFDs, Metals |
Assets | 41 |
Evaluation Steps | 2 |
Withdrawal Methods | Wise, Rise, Bank Wire Transfer |
Maximum Fund Size | Up To $2M |
First Profit Target | 5% |
Max. Daily Loss | 5% |
Challenge Time Limit | No Limits |
News Trading | Yes On Evaluation Phases |
Maximum Total Drawdown | 10% |
Trading Platforms | MetaTrader 5, cTrader, Dxtrade |
Commission Per Round Lot | $5 |
Trust Pilot Score | 4.4 Out Of 5 |
Payout Frequency | Every 2 Weeks |
Established Country | United Kingdom |
Established Year | 2021 |
This comprehensive offering allows traders to test their strategies in a controlled environment while potentially accessing significant capital.
Advantages & Disadvantages
Like any trading firm, Alpha Capital Group comes with its own set of pros and cons. Let's examine these to give you a balanced view:
Advantages | Disadvantages |
$0 Commission Trading Across All Asset Classes | Strict Risk Management Rules |
Real-Time Pricing And Unlimited Trading Days For Strategy Optimization | Limited Tradable Instruments And Assets |
1-On-1 Risk Reviews For Traders Who Fail Initial Assessments | Relatively High Minimum Price |
Access To Several Trading Platforms And An Institutional-Grade Trading Environment |
Funding and Prices
Alpha Capital Group offers a range of virtual trading account sizes to accommodate different trader needs and experience levels. Here's a breakdown of their funding options:
- Account sizes range from $5,000 to $200,000;
- Pricing starts at $97 for the smallest account size;
- The largest account size is priced at $997;
- Free trial accounts are available for platform testing.
Registration and Verification Guide
To open a Qualified Trader account with Alpha Capital Group, prospective traders must complete a Know Your Customer (KYC) verification process. Here's a step-by-step guide:
- Visit the Alpha Capital Group website and navigate to the registration page;
- Fill out the registration form based on your real identity and information;
- Upload the required documents for KYC verification;
- Wait for the verification process to complete (this may take 1-2 business days).
If you encounter any issues during the KYC screening, you can contact the support team via email, Discord, or live chat for assistance. Note that by registering, you agree to the specific terms and conditions set by Alpha Capital Group.
Evaluation Stages
Alpha Capital Group employs a two-step evaluation process to assess traders' skills and risk management abilities. Here's a detailed look at each phase:
Phase 1 | Phase 2 | |
Virtual Profit Target | 8% | 5% |
Minimum Trading Days | 3 | 3 |
Maximum Total Drawdown | 10% Of The Initial Account Balance | 10% Of The Initial Account Balance |
Maximum Daily Loss | 5% | 5% |
Traders have unlimited calendar days to complete each phase, allowing for thorough strategy testing and refinement.
Upon successful completion of both phases, traders can potentially transition to a Qualified Analyst account.
Bonuses and Discounts
Currently, this prop firm offers only 1 bonus which is the "Performance Fee" bonus.
This one is paid to the "successfully qualified analysts" on the first performance fee request. The amount is 0.25% of the initial account size.
Available Platforms
Alpha Capital Group provides traders with access to industry-standard platforms, ensuring a familiar and robust trading environment. The main platforms offered are:
- MetaTrader 5 (MT5): A powerful and widely-used platform known for its advanced charting capabilities, automated trading features, and extensive range of technical indicators.
- cTrader: A modern, intuitive platform that offers advanced order types, detailed market depth, and customizable interfaces.
- DXTrade: A multi-asset trading platform that provides a user-friendly interface and advanced risk management tools.
Tradable Instruments and Symbols
Alpha Capital Group offers a limited range of tradable instruments, which could be frustrating to some traders. The main asset classes available include:
- Forex: top most traded currency pairs
- CFDs: on some commodities and popular indices
- Metals: Gold & Silver
Total assets available on this firm is only around 40.
Payment Methods
For qualified traders who become external analysts, Alpha Capital Group offers a limited number of payment methods for receiving performance fees:
- Rise: A digital payment platform (https://www.riseworks.io/)
- Wise: An international money transfer service (https://wise.com/)
- Bank Transfer (WIRE): Traditional bank wire transfers
To initiate a performance fee withdrawal, traders can submit a request through their dashboard profile.
Payouts are processed on a bi-weekly (14-day) frequency, ensuring regular compensation for successful traders.
Fees & Costs
Alpha Capital Group operates on a competitive fee structure designed to benefit both the firm and its traders. Here's a breakdown of the main fees and costs:
- Challenge Fees: One-time fees ranging from $97 to $997, depending on the chosen account size
- Commissions: $0 for standard accounts, $5 per lot for raw accounts
- Spreads: Competitive spreads that vary by instrument and market conditions
- Overnight Fees: May apply for positions held overnight, varying by instrument
Does Alpha Capital Group Offer Enough Educational Resources?
Alpha Capital Group recognizes the importance of trader education and provides several resources to support their traders' growth:
- 1-on-1 Mentoring: Personalized guidance from experienced traders
- Alpha Academy: Access to educational courses, strategies, indicators, and EAs
- Video Tutorials: A wide range of educational videos on their YouTube channel
- Community Forums: Active Discord server for trader interaction and knowledge sharing
Trust Scores on Trustpilot
Trust scores and reviews play a crucial role in assessing the reliability of a prop trading firm. Alpha Capital Group has garnered generally positive feedback from the trading community:
Trustpilot Score: 4.4 out of 5 stars (based on over 3,100 reviews)
Positive Highlights:
- Excellent trading platform performance
- Clear and well-defined evaluation rules
- Responsive and helpful customer support
- Transparency and continuous improvement efforts
Areas of Concern:
- Some reports of delayed payouts
- Instances of merged account errors
Alpha Capital Group Support: Channels & Opening Hours
Alpha Capital Group offers multiple support channels to assist traders:
- Live Chat: Available on their website for real-time assistance
- Email Support: [info@alphacapitalgroup.uk]
- FAQ Page: Comprehensive information on common queries
The firm's stated business hours are Monday to Friday, 8 AM to 8 PM GMT.
Presence on Social Media
Alpha Capital Group maintains an active presence across various social media platforms.
This firm shares insights, educational content, and updates on these channels, in addition to facilitating traders' engagement. Alpha Capital Group prop firm social media channels:
- YouTube
- Discord
Expert Suggestions
As a prop firm, Alpha Capital Group has attracted more than 215,000 traders by providing up to $2,000,000 in funding and zero commission in the standard trading account.
However, offering only 41 tradable assets and a relatively high minimum starting price of $97 could discourage some users.
In this review, we guided you in choosing the right prop firm. If you are okay with Alpha Capital's downsides, this firm would be suitable.
