Alpha Capital Group Review 2024

Quick Links

• Our Review Method

• What is Alpha Capital Group?

• Alpha Capital Group Pros Cons

• Is Alpha Capital Group Legit?

• Alpha Capital Group Challenge

• Funded Account

• Account Conditions

• Payout

• Alpha Capital Group Alternative

Our Review Method ▲

In our quest to provide an unbiased and detailed review, we have developed a comprehensive methodology that involves analyzing and comparing a wide range of factors. This includes assessing the broker's fees, spreads, and commissions, evaluating the trading platforms and tools offered, examining customer support services, and considering the overall trading experience. Our review also takes into account user feedback and ratings from various forums and websites. Furthermore, we conduct a comparative analysis against over 1000 brokers to ensure that our recommendations stand out as the top 12 choices for traders. This rigorous process ensures that our reviews are both reliable and beneficial for traders looking for the best forex brokers.

What is Alpha Capital Group? ▲

Alpha Capital Group is not just another trading platform; it's a unique blend of education, simulated trading experiences, and an opportunity for traders to access live trading accounts funded by the firm itself. Specializing in helping traders develop effective strategies without the financial risks of real transactions, Alpha Capital Group stands out by offering up to $200,000 for traders to start, with the potential for capital growth plans up to $2,000,000 for those who demonstrate stellar risk management and market adaptability. As a proprietary trading firm, it offers an unparalleled opportunity for aspiring traders to engage in real trading scenarios with minimal personal investment, by simply passing a challenge to gain access to a funded account. This approach not only educates but also empowers traders to operate like professionals with the company's funds.

Alpha Capital Group Pros Cons ▲

Pros

• Lower profit targets make it more accessible for traders to become funded

• Competitive pricing structures offer good value

• Offers a diverse range of account balances with low registration fees

• High profit share for successful traders

• Utilizes MT5 platform with support for Expert Advisors (EAs)

• Provision of a refundable fee upon becoming a funded trader

• Quality educational resources to aid in trader development

Cons

• Absence of strict regulatory oversight may concern some traders

• The challenge to become a funded trader can be demanding

• Limited range of tradable instruments compared to other platforms

• No free trial available to test the platform before committing

Is Alpha Capital Group Legit? ▲

Alpha Capital Group, anchored in the United Kingdom, signifies a presence in one of the world's premier financial centers. This geographical advantage not only bolsters the company's credibility but also situates it within a jurisdiction known for its stringent financial oversight and robust legal structures.

However, it's crucial to understand that, unlike Forex brokers, Proprietary Trading firms like Alpha Capital Group operate under a different set of regulations. These firms are not subject to the same level of regulatory scrutiny as Forex brokers, meaning they are not overseen by industry-specific regulators. This lack of stringent regulation does not inherently diminish their legitimacy but does highlight the importance of recognizing the inherent risks involved in engaging with such firms.

Is Alpha Capital Group Scam?

Upon thorough investigation of Alpha Capital Group's official disclosures, we found no evidence to suggest any fraudulent activities by the company. However, the inherently less regulated nature of proprietary trading firms does complicate the assessment of their absolute legitimacy. For those considering engagement with prop trading, it is wise to thoroughly research and understand the sector, opting for firms with established reputations and a history of stable operations. Although the risk of monetary loss might be lower due to the absence of significant investment requirements—only subscription fees—it's advisable to proceed with caution.

Alpha Capital Group Challenge ▲

Alpha Capital Group's challenge, designed to test and prove a trader's proficiency, is structured into two distinct phases. Each phase has set profit targets that vary depending on the account size selected by the participant. The first phase comes with more stringent conditions, while the second phase relaxes some of these conditions, particularly regarding drawdown limits, to better assess the trader's ability to sustain profitable trading over time.

Account Balance and Registration Fee

Prospective participants must select an account balance target, ranging from $10,000 to $200,000, which subsequently determines the challenge's conditions and the associated registration fee. Alpha Capital Group commits to refunding this fee upon the participant achieving the status of a Funded Trader. The evaluation process is meticulously designed to sift through candidates, ensuring only those with the requisite trading acumen are awarded funded accounts.

Profit Target

Maximum Loss

Minimum Trading Period

Alpha Capital Group's evaluation does not enforce a minimum trading duration, allowing traders flexibility in demonstrating their trading capabilities within the structured conditions of the challenge.

Free Trial

Unlike some proprietary trading firms that offer free trials of their evaluation programs, Alpha Capital Group does not provide a free trial option. This policy aligns with our findings from a comprehensive comparison of over 1000 brokers and prop firms, indicating that free trials are not a universal offering in the industry.

Funded Account ▲

Alpha Capital Group offers a competitive funded account program designed for traders who wish to leverage their trading skills without risking their own capital. The program includes a profit split arrangement, where traders retain a substantial portion of the profits they generate. This structure incentivizes traders to perform well while allowing them to trade with more significant amounts of capital than they might otherwise have access to.

Profit Split

• Traders can enjoy a generous profit share, receiving up to 80% of the profits they generate.

Account Conditions ▲

Alpha Capital Group sets forth clear and concise account conditions to ensure a fair and transparent trading environment. These conditions are tailored to accommodate traders of various experience levels, from novices to seasoned professionals.

Trading Instruments

• The platform offers a broad range of tradable assets, including FX pairs, indices, and commodities, catering to diverse trading preferences.

Alpha Capital Group Commission

• Alpha Capital Group boasts a $0 commission policy, which, combined with realtime pricing, enables traders to assess strategies effectively and execute trades without worrying about additional costs.

Leverage

• Offering leverage of up to 1:100, Alpha Capital Group empowers traders to control sizeable positions with a relatively small amount of capital. While this can enhance potential profits, traders are advised to use leverage cautiously and incorporate robust risk management practices.

Alpha Capital Group App Platform

• The provision of the MetaTrader 5 (MT5) platform ensures traders have access to advanced trading and analytical features. MT5's customizable environment, coupled with its comprehensive technical and fundamental analysis tools, makes it an ideal choice for traders at all levels of expertise.

Trading Conditions

• Alpha Capital Group enforces specific trading conditions to maintain a realistic trading environment. These include strategy restrictions like the prohibition of martingale and highfrequency trading, as well as rules against group copy trading and arbitrage. Traders are limited to one active account and must adhere to position size limits, fostering a disciplined trading approach.

Alpha Capital Group Promotions

• Periodically, Alpha Capital Group offers promotions to both new and existing traders, enhancing the trading experience and offering additional opportunities to increase profitability.

Payout ▲

The payout structure at Alpha Capital Group is designed to reward successful traders promptly and efficiently.

Payouts can be requested on a monthly basis following the initial withdrawal. The process for withdrawing profits is straightforward, involving a submission request to the company. Alpha Capital Group then processes the withdrawal, depositing the trader’s share of the profits into their account. This allows traders to choose from various withdrawal methods, accommodating their preferences and ensuring a seamless withdrawal experience.

Alpha Capital Group Alternative ▲

While Alpha Capital Group offers a compelling suite of features for forex traders, it’s beneficial to consider alternatives to ensure the best fit for individual trading needs and preferences. Researching a wide range of brokers, including analyzing over 1000 brokers from our Top 12 list, can provide valuable insights into fees, spreads, commissions, and other critical factors. This comprehensive approach helps traders make informed decisions and select a broker that best suits their trading strategy and financial goals.