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ALPICAP Review 2024

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ALPICAP Review 2024
Customizable Rules
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:ALPICAP LTD
Founded:2022
Headquarter:Switzerland
Min Price:$99
Max Fund:$200,000
Challenges:1
About
ALPICAP is a Swiss prop trading firm founded in 2022, offering benefits like a 90% profit split and 1:100 leverage. It partners with Eightcap for trading services and uses MetaTrader 4. Despite its customizable features, it has strict evaluation rules and limited funding options.
Contact
12 quai du Seujet, 1201 Geneva, Switzerland
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
Customizable Features With Add-Ons Like 90% Profit Split And Increased Drawdown
Wide Range of Trading Instruments
Partnership With Eightcap
Leverage Up To 1:100
Cons
First Payout After 30 Days
Time Limit for Passing The Evaluation
Minimum 5 Trading Days Requirement

ALPICAP is a Swiss prop trading firm that was founded in 2022. Benefits like a profit share up to 90% and leverage up to 1:100 might make it an attractive option to certain traders.

But is ALPICAP prop firm reliable enough? In this comprehensive review, every aspect of the company will be investigated in detail. Therefore, you can find the answer to the mentioned question here.

ALPICAP
ALPICAP Review: Benefits & drawbacks and key features

Company Overview: Key Information and Specifics

ALPICAP LTD is a proprietary trading firm founded and headquartered in 12 quai du Seujet, 1201 Geneva, Switzerland. This firm does not reveal much information about its company, just like most of its competitors.

However, it's worth mentioning that the firm partners with the Eightcap broker for providing trading services. This brokerage is regulated by top-tier financial authorities, including ASIC, CySEC, and FCA.

Summary Of Features

In this section, we will have a bird's eye on key specifications of ALPICAP in the form of a table:

Account Currency

USD

Minimum Price

$99

Maximum Leverage

1:100

Maximum Profit Split

Upgradable to 90%

Instruments

CFDs on Forex, Commodities, Shares, Indices, and Crypto

Assets

+1000

Evaluation Steps

2-Step

Withdrawal Methods

Crypto, Bank Transfer

Maximum Fund Size

$200K

First Profit Target

10%

Max. Daily Loss

5%

Challenge Time Limit

30 Days for the 1st Phase

60 Days for the 2nd Phase

News Trading

Allowed

Maximum Total Drawdown

Upgradable to 12%

Trading Platforms

Metatrader 4

Commission Per Round Lot

Not Specified

Trustpilot Score

4.5/5

Payout Frequency

Bi-weekly (The first payout is done after 30 days)

Established Country

Switzerland

Established Year

2022

Benefits and Drawbacks

Let's face it, no prop firm is perfect. But there's no urge to work with a perfect one. Here's the good and the bad of trading with ALPICAP:

Benefits

Drawbacks

Customizable Features With Add-Ons Like 90% Profit Split And Increased Drawdown

Minimum 5 trading days requirement

Wide Range of Trading Instruments

First payout after 30 days

Leverage Up To 1:100

Time Limit for Passing The Evaluation

Partnership With Eightcap

-

Programs Funding and Initial Fees

ALPICAP offers a smorgasbord of account sizes to suit every trader's appetite. In the table below, you will see the price and funding variety:

Funding

Price

$15K

$99

$25K

$149

$50K

$299

$100K

$499

$200K

$977

Register and Verify on ALPICAP

Ready to start working with ALPICAP as a trader? In this section, we will have a quick guide on registration with this prop firm:

ALPICAP sign up button
Follow the instruction in the screenshot to register with ALPICAP
  1. Visit the official website of the company;
  2. Click the hamburger button at the top right of the page, then click "Sign Up";
  3. Choose your account size, and the trading platform;
  4. Fill the required details in the "Billing Info" form;
  5. Enter the discount code, if you have any;
  6. Click "Create Order" and pay for the account.

Now, your account is ready. For verification, submit the required proof of identity and a proof of address documents.

Evaluation Stages and Challenge Rules

Alright, let's talk about ALPICAP's evaluation process. It's not a walk in the park, but it might be worth it for you. The firm's evaluation is done only on a two-step model with these rules:

Max. Daily Loss

5%

Max. Total Drawdown

Upgradable to 12%

Leverage

1:100

Profit Split

Upgradable to 90%

Min. Trading Days

5

Profit Target (Phase 1 - Phase 2)

10-5%

Time Limit (Phase 1 - Phase 2)

30-60 Days

Bonuses And Promotions: Does ALPICAP Offer Anything?

While the firm does not offer any bonuses or promotions like those found in Forex brokers, there are some discount codes available online. We found one: NEW50 for a 50% discount on accounts for new clients.

Tradable Instruments and Available Markets

We investigated the prop firm's website, and found nothing related to the trading symbols, but they should be the same as those in the Eightcap broker:

  • Forex CFDs
  • Commodity CFDs
  • Index CFDs
  • Share CFDs
  • Crypto CFDs

MT4 in ALPICAP provides over 1000 tradable instruments.

Payment Methods for Payouts and Prices

When it comes to paying for your ALPICAP account or withdrawing your profits, they keep it simple and secure. Here's the lowdown on your options:

  • Bank Transfer: Might take more time but is a familiar method;
  • Crypto: For the digital natives and privacy enthusiasts.

Commissions And Costs

When it comes to commissions and costs, ALPICAP does not provide much data, especially in trading. Based on our investigations, the only piece of information on the website that is related to fees is the initial price for challenges, and this was discussed before in this review.

Trust Scores

Trust is crucial in the world of prop trading, and there are websites such as the Trustpilot for assessing this parameter. Let's examine ALPICAP's score on the mentioned platform in detail:

  • Rating:5 out of 5
  • Number of all reviews: +15
  • Percentage of 5-Star ratings: +90%
ALPICAP Trustpilot
ALPICAP has earned a high score from a low number of reviews on Trustpilot

Unfortunately, the number of reviews are too low; therefore, we cannot verify the reliability of this trust score. Also, there are no reviews on other sources. These can be because of the firm being still young in the industry.

Customer Support: Contact Methods and Working Hours

ALPICAP is a company that tries to provide decent support services for its clients, since the team is available 24/7. You can contact them via these options:

  • Email: support@alpicap.com
  • Live Chat: On the website
  • Ticket: Via the website

Channels on Social Media Platforms

In today's digital age, a strong social media presence is crucial for building trust and engaging with the trading community. Social Network Pages of ALPICAP:

  • Instagram: https://www.instagram.com/alpicap/
  • Discord: https://discord.gg/r7gwan9k
  • Facebook: https://www.facebook.com/people/Alpicap/61551360014199/

Expert Suggestions

ALPICAP is a Swiss prop firm that offers only a 2-step model for evaluation and has strict rules for it. Also, the maximum funding of $200K is way lower than some of its competitors.

However, it's not all about easy challenges and whopping numbers. Considering that ALPICAP partners with Eightcap which is a well-regulated broker, this firm might be a reliable and trustworthy choice. Nevertheless, conduct your own research before making decisions.

FAQs

What is the minimum account size offered by ALPICAP?

This company offers funded accounts starting from $15,000.

How long does the evaluation process take in ALPICAP?

The evaluation process is a two-step challenge, but the exact duration can vary based on individual performance.

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