There are so many generic prop firms today that focus solely on roping the traders in, without thinking so much about how to provide them with the best service.
That’s why I wanted to review Alpha Capital Group. These guys have great credentials with tons of experience at the institutional level.
What’s more, they are putting this experience into providing the best possible trading conditions and support to give their traders the best possible chances of success.
Read on to find out what this firm can do to improve your chances of becoming a profitable trader.
- Earnings Study – How Much Can I Make?
- Meet the Team Behind Alpha Capital Group
- Alpha Capital Group – The Pros and Cons
- The Trading Environment – The Best in the Industry?
- The Alpha Capital Group Trading Competition
- The Alpha Pro Challenge
- Rules and Restrictions Overview
- What Are The Other Reviews on Alpha Capital Group Like?
- Getting Started with Alpha Capital Group
- Alpha Capital Group – Frequently Asked Questions
Earnings Study – How Much Can I Make?
One major factor people consider when choosing a prop firm to partner with is the earning potential and the financial rewards for their efforts.
Alpha Capital Group offers a generous 80% profit split with its members and a performance-based scaling plan to reward profitable traders.
The following table shows what a trader will earn based on an average of 5% returns per month after passing the $100k Alpha Pro Challenge.
|Month||Capital ($)||Profit ($)||Your Share ($)||Culm. Profit ($)|
As you can see, the trader will have earned over $60,000 over the course of the first year. Furthermore, should the trader continue to profit into year 2, the returns will be substantially more due to the exponential growth.
By the end of year two, the total profit will have exceeded $170,000.
Meet the Team Behind Alpha Capital Group
I first wanted to shine a light on the guys running this firm as they have a huge amount of industry experience which is fantastic.
George earned a degree in banking and finance before entering the investment industry.
In his role at an FTSE 100 company, he specialized in institutional fx and managing high-level risk.
Subsequent to this he has spent 2 years as a full-time trader focusing on major fx pairs, indices, and gold.
He has since spotted an opportunity to put his unique skillset into building a proprietary trading firm that can offer traders the best possible trading conditions.
Andrew has over 15 years of experience dealing with equities at an institutional level at firms such as Hoodless Brennan and Central Markets.
He is also the founding director of Clear Capital where he runs the broking floor.
His role in Alpha Capital Group involves handling the day-to-day operations of the proprietary traders, risk management and supporting the education of traders.
Gerard comes from an investment and wealth management background.
He has completed a Masters’s Degree in Finance with a specialisation in Capital Markets.
Gerard also has vast experience as a full-time trader, mostly trading Major FX Pairs, Indices and Treasuries.
His role in Alpha Capital Group is to manage the training and education of the funded traders.
Alpha Capital Group – The Pros and Cons
- Zero Commissions – There are 0% commissions across all instruments!
- Refundable Fee – The challenge fee is refunded once you become a funded trader.
- Feature-Rich Dashboard – The dashboard offered by this firm is miles ahead of its competitors. It contains tons of analytical features to improve your trading.
- No Crypto – There are currently no crypto trading options with this firm.
- No Copy Trading – As with many firms, Alpha Capital does not allow the use of any type of copy trading. If you rely on signals or other types of copy trading, it’s best to look elsewhere (Such as Traders with Edge).
The Trading Environment – The Best in the Industry?
Thanks to their vast experience in the finance industry, this firm has managed to create fantastic trading conditions for their members.
The Trading Platform
Alpha Capital Group uses the popular MetaTrader 5 platform for all its traders. MetaTrader 5 is a popular option for many prop firms. There are tons of features such as:
- Dozens of in-built indicators and many more are available to download.
- Create custom indicators and expert advisors using the MT5 language.
- Backtest your strategy using the strategy tester.
- Fully customizable UI – create your ideal dashboard.
This firm uses a proprietary brokerage, ACG Markets.
They provide an institutional-grade experience with access to tier-1 bank liquidity via Prime of Prime.
For more information on their brokerage, visit: About us – ACG Markets (acg-markets.com)
Commissions and spreads
Some prop firms in the industry expect their traders to fork out up to $7/lot in commissions. For many traders, this can turn their winning strategy into a losing one. At the very least, it eats away at the trader’s profits.
In terms of spreads, Alpha Capital Group offers raw spreads from 0.1 pips.
Furthermore, you can try out their platform with a free trial to explore the particular spreads for your chosen instrument.
In terms of instruments, the following are available to trade:
The leverage across all instruments is set at 1:100.
This is where Alpha Capital Group shines. The dashboard has tons of features including:
- Trade Journal – A free in-built trade journal.
- Account Metrics – Explore how your challenges are going with clear metrics.
- Account Analysis tools – Find out which of your trades are winning. Find weak spots in your strategy.
- TradeMate – All-in-one market data solution. Includes an economic calendar.
Furthermore, the team are not finished yet! They have even more features planned, keep an eye out!
The Alpha Capital Group Trading Competition
Every month, this firm runs a free-to-enter trading competition. The prizes include Alpha Pro challenges ranging from $25,000 to $100,000.
To enter, simply sign up and head to the “Competitions” tab in the dashboard.
What’s more, you can use all the same tools to track and analyse your trading as the challenges.
The Alpha Pro Challenge
At the time of writing, this firm offers the standard two-phase challenge model with four different starting capital options. This challenge is called the “Alpha Pro”.
The team has pulled out all the stops here and undercut most of its rivals. Take a look at the profit targets for each phase:
As you can see, the profit targets are below that of even My Forex Funds, one of the leaders in the industry.
With these targets, Alpha Capital Group is allowing far more traders to make it into the live-funded account stage. As a result, this means less time in demo accounts and more time earning real money.
In terms of drawdowns, Alpha Capital Group operates with the standard daily and overall drawdowns.
The daily drawdown is set at 5%. It’s important to note, the daily loss is based on the account balance at the start of the day. let’s look at a couple of examples to make this clear:
You begin the day with a balance of $100,000. You have an open trade with a profit of $2,500.
Your stop-out level will be 5% of the balance ($100,000) which is $95,000.
You may lose $7,500 of equity before breaching the rule.
You begin the day with a balance of $100,000. You have an open trade with of loss of $2,000.
Your stop-out level will still be 5% of the $100,000, which is $95,000.
You may only lose a further $3000 of equity before breaching the rule.
A stop-loss set at the time of opening the trade (No more than 5% risk) will avoid this scenario.
The maximum drawdown is much simpler. It is set at 10% of the starting balance. For example, with the $100,000 challenge, the maximum drawdown will be $10,000.
Why not see how this firm compares with others using our Finding Finder Tool?
Getting Paid – Profit Share and Pay-out Schedule
As we have covered, the profit share for this firm is set at 80% for the trader.
Traders can request a payout every two weeks, on the 14th and the 28th of each month.
Furthermore, there is no minimum withdrawal amount.
All payments are sent using wire transfer.
Scaling and Max Capital Allocation
In order to reward profitable traders, Alpha Capital Group offers a performance-based scaling program. Each time the trader hits a profit of 10% they will be entitled to scale up the account.
Each time the account is scaled, the capital will increase by 10%.
The chart below shows the potential of this program, based on beginning with a $100,000 funded account.
As for the maximum capital that can be allocated to a single trader, the limit is $2,000,000.
Rules and Restrictions Overview
As with any prop firm, it’s vital that the trader has a full understanding of the rules, restrictions, and guidelines of the company.
Am I allowed to use Expert Advisors?
The use of expert advisors is allowed. The firm requests for anyone using EAs contact them via email to approve it before taking the challenge.
What are the Rules on Copy Trading?
As with many firms, Alpha Capital Group does not allow any type of copy trading. Copy trading increases the risk of the firm’s capital and does not accurately depict the trader’s personal ability.
To be clear, here is what Alpha Capital Group say on the matter:
No, we do not allow copy trading from other groups.
We don’t not allow traders to copy other traders’ trades either.
No Group copy trading is allowed.
The only copy trading allowed is that from your own external account to your account with Alpha capital group limited.
Any traders found copy trading other traders’ trades will be subject to review and potential breach of agreement, meaning you will lose the funded account.
Retries and extension options
Unlimited retries are allowed on all challenges, should the trader run out of time, providing that the following conditions are met:
- The account is in profit.
- All rules have been followed.
As with many firms, Alpha Capital Group does not allow the use of martingale systems. Such systems considerably increase the risk for both the trader and the firm. To be clear, the definition of a martingale strategy is as follows:
Opening a position in the same direction whilst the first position opened is in drawdown. If the consecutive position is opened at an exponent more than 1x we consider this to be martingale strategy. For example, if you open a 1lot buy on GBPUSD, and this position goes into open drawdown, you can open additional buys on GBPUSD as long as the lot size is the same or smaller, you cannot increase the position size. – Once all buys are closed on GBPUSD, you can then open a new first trade on GBPUSD at a position size of your choice unrestricted.
Hedging and Stacking
Hedging and stacking-based strategies are allowed with this firm.
Minimum Trading Days
In order to pass on to the next phase of the challenge or funded account, the trader must have a minimum of 5 trading days.
Importantly, there is a rule set for if the trader completes the challenge before the 5 minimum days:
The trader cannot place “token” trades for the remainder of the challenge (i.e., 0.01 lots). However, the trader may reduce the lot size by up to 75% of their average trade.
What Are The Other Reviews on Alpha Capital Group Like?
Alpha Capital Group has clearly impressed their traders as they have earned a 4.6 TrustPilot rating (which would be higher if it wasn’t for some unjustified reviews).
Reading through the reviews on this firm, there are some recurring points, specifically:
- Great Support – Many reviewers praise the professionalism and helpfulness of the support team, particularly on the discord server.
- Commissions and Spreads – Similarly, reviewers are pleased with the trading conditions, particularly the zero commissions and tight spreads.
- Dashboard – Like us, a lot of the Trustpilot reviewers are impressed with the dashboard Alpha Capital has created.
Let’s take a look at some of the actual reviews from Trustpilot.
Getting Started with Alpha Capital Group
So, if after reading what this firm has to offer, you feel you would like to partner with Alpha Capital Group, here’s how to get started.
Step 1 – Sign Up (Use our link for a 10% discount on the signing fee)
When signing up, be sure to use the promo code: PROPTRADERSCLUB
This will give you 10% off any challenge fee.
Step 2 – Download the Alpha Capital Group MetaTrader Platform
Within your welcome email, you will receive links to download the MetaTrader platform on your particular device.
Step 3 – Login to Your Trading Account
Included in the welcome email will be your login details for your trading account. Use these to log into the MetaTrader platform.
Step 4 – Begin Your Challenge
You’re all set! Make sure you have read and understood all the rules and restrictions. Other than that, good luck on your journey!
For a bit more info, check out their video below:
Overall, this firm has plenty to offer traders. The trading environment is certainly one of this firm’s best features. For anyone who has seen high commissions and spreads eats away at their profits, make sure to check Alpha Capital out.
Furthermore, you can take comfort in the fact that the company is being run by industry professionals who also play an active role in their trader’s success.
With reasonable profit targets, fair rules and a bunch of educational and analytical tools at hand, this firm is certainly one to consider partnering with.
Alpha Capital Group – Frequently Asked Questions
Are There Any Consistency Rules?
There are no hidden consistency rules. The only thing to be aware of is the rules about minimum trading days. See above for full details.
Are Any Rules Different for Funded Accounts?
No, all the rules remain the same, except the profit target, which is removed.
What is the Leverage at Alpha Capital Group?
All accounts and instruments are provided 1:100 leverage.
Can I Hold Trades Overnight and Over the Weekend?
Yes, both overnight and weekend holding is allowed.
Can I Trade the News at Alpha Capital Group?
Yes, there are no restrictions on news trading.