Alpha Capital Group Review

Rules

Drawdown / Max Loss

Overall Maximum Drawdown

The type of drawdown depends on the plan:

Plan	Drawdown Type	Amount
Alpha Pro 10%	Static (fixed from initial balance)	10%
Alpha Pro 8%	Static (fixed from initial balance)	8%
Alpha Pro 6%	Static (fixed from initial balance)	6%
Alpha Swing	Static (fixed from initial balance)	10%
Alpha Three	Static (fixed from initial balance)	6%
Alpha One	Trailing (based on high-water mark)	6%

For all static plans: the floor never moves upward regardless of profits. If a $100,000 Pro 10% account grows to $115,000, the max drawdown floor remains at $90,000.

For Alpha One’s trailing drawdown: the floor rises with the account’s high-water mark until it locks. Example: on a $100,000 account, the initial floor is $94,000. If the balance reaches $102,000, the floor rises to $96,000. Once the balance reaches $106,000, the trailing drawdown locks permanently at $100,000 and moves no further.

Alpha One important notice: if a trader withdraws all profits after the trailing drawdown has locked to the initial balance, the account will be closed. If profits are withdrawn before the drawdown has locked (i.e., while the floor is still trailing), trading continues normally but the floor remains unchanged.

Daily Loss Limit

Plan	Calculation Basis	Daily Limit
Alpha Pro 10%	Balance-based	5%
Alpha Pro 8%	Balance-based	4%
Alpha Pro 6%	Higher of balance or equity at end of previous day	3%
Alpha Swing	Balance-based	5%
Alpha One	Higher of balance or equity at end of previous day	4%
Alpha Three	Higher of balance or equity at end of previous day	4%

The daily candle resets at 00:00 GMT+3 (broker time). The starting balance/equity figure used is the account balance and equity at the close of the previous daily candle.

For balance-based plans (Pro 10%/8%, Swing): intraday floating profits from open positions do not expand the daily loss allowance. The floor is the starting balance minus the daily limit percentage, regardless of unrealized gains.

For equity-based plans (Pro 6%, One, Three): if equity at the close of the previous day is higher than the balance, the daily limit is calculated on equity, which can effectively give the trader a slightly larger nominal buffer. If equity is lower than balance (i.e., the trader carried a floating loss overnight), the daily limit is still calculated on the balance, but the overnight loss already counts against the buffer.

Breaching the daily loss limit results in a hard breach: all trades are automatically closed and the account is terminated.

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Consistency Rule / Minimum Trading Days

Minimum Trading Days

Plan	Minimum Days Per Phase
Alpha Pro (all variants)	3
Alpha Swing	3
Alpha Three	3 (per phase)
Alpha One	1 (evaluation only)

A trading day is defined as a day on which at least one trade is both opened and closed. A trade opened on Day 1 and closed on Day 2 counts as a single trading day. If another trade is also opened on Day 2 and closed on Day 3, all three days (1, 2, and 3) still count as a single trading day, because all trades overlap at Day 2.

If a trader hits their profit target before completing the minimum trading days, they must continue placing at least one round-trip trade per day until the requirement is met. Using minimal lot sizes (e.g., 0.01 lots when normally trading 20 lots) to satisfy the day count is not permitted.

40% Best Day Rule (Consistency Score, Qualified Accounts, On-Demand Payout)

Applies to all plans using the On-Demand payout method. No single trading day’s net profit may represent 40% or more of total net profits generated within the current payout window.

Calculation: Best day net profit / Total net profits in the window. If the result is 0.40 or above, a payout cannot be requested.

Shortcut: multiply your best day’s profit by 2.5 to find the minimum total profit required before requesting a withdrawal.

A partial withdrawal resets the consistency score to 0. However, if a new trade is placed after the partial withdrawal, a new consistency window opens and the locked-in balance from the prior window is factored into future calculations.

Minimum gross profit required on the account before requesting an On-Demand payout: 2% of the account balance.

Bi-Weekly Payout (Pro and Three plans only)

For the first performance fee on bi-weekly accounts, a minimum of 5 trading days using the same strategy is required. The same round-trip definition of a trading day applies. Using token lot sizes to pass trading days is not permitted.

Minimum net profit required: $100 ($80 after the 80/20 split).

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Leverage

Assessment and Qualified Analyst Accounts (same leverage applies at both stages)

Plan	FX	Metals	Indices	Oil
Alpha Pro (all variants)	1:100	1:30	1:20	1:10
Alpha Swing	1:30	1:9	1:10	1:10
Alpha One	1:30	1:9	1:10	1:10
Alpha Three	1:50	1:9	1:10	1:10

Risk Management Group: Reduced Leverage (Qualified Accounts)

Accounts moved into the Risk Management Group are subject to reduced leverage:

Group	FX	Metals	Indices	Oil
Pro Risk Group	1:30	1:9	1:10	1:10
Swing Risk Group	1:15	1:4	1:5	1:5
On-Demand Risk Group (Pro/One/Three)	1:30	1:9	1:10	1:10
On-Demand Risk Group (Swing)	1:15	1:4	1:5	1:5

Maximum Lot Exposure, Qualified Accounts (total open at any one time)

Account Size	Alpha Pro / One / Three	Alpha Swing
$5k	2.5 lots	1.25 lots
$10k	5 lots	2.5 lots
$25k	10 lots	5 lots
$50k	20 lots	10 lots
$100k	40 lots	20 lots
$200k	80 lots	40 lots
$300k	120 lots	60 lots

Risk Management Group lot limits for Pro/One/Three accounts are halved relative to the standard limits (e.g., $100k = 20 lots instead of 40). For Swing accounts in the Risk Group, lot limits are approximately halved again (e.g., $100k = 10 lots).

No lot size limits apply during the evaluation (assessment) phases.

Violations are assessed per position, not per trade idea. Two simultaneous positions that together exceed the limit constitute two separate violations. First violation: profits from over-limit trades are forfeited. Second violation: all profits forfeited and account closed.

On qualified accounts, traders may request a lot size limit increase by contacting support and providing sufficient trading history.

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Trading Hours

Overnight holding is permitted on all plans at all stages.

Weekend holding:

Plan	Evaluation Phase(s)	Qualified Account
Alpha Pro (all variants)	Allowed	NOT allowed. Soft breach: profits from weekend trades removed, account remains active if balance stays above drawdown floor
Alpha Swing	Allowed	Allowed
Alpha One	Allowed	Allowed
Alpha Three	Allowed	Allowed

Swap fees apply to positions held overnight and over weekends. Triple swap is typically applied on Wednesdays. Traders should check the MT5 Specification or platform Properties section for exact swap rates per instrument, as rates are shown in points rather than USD values.

For Alpha Pro qualified accounts, any open positions at the market close on Friday will constitute a soft breach. For all other plans where weekend holding is permitted, positions may remain open across the weekend without restriction.

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News Trading

During assessment phases: unrestricted on all plans.

On Qualified Analyst accounts:

Plan	Restriction Window	Type of Restriction
Alpha Pro 8%/10%	2 min before + 2 min after each restricted event	Full ban: no new trades opened or closed on targeted instruments
Alpha Pro 6%	5 min before + 5 min after	Full ban
Alpha One	5 min before + 5 min after	Full ban
Alpha Three	5 min before + 5 min after	Full ban
Alpha Swing	No hard ban	Trades opened or closed within 2 min before or after a release must have a duration exceeding 2 minutes to be valid
Alpha Prime	No news trading restrictions

Existing positions that were opened more than 2 minutes (Pro 8%/10%) or 5 minutes (Pro 6%, One, Three) before a restricted event may be held through the window. They may not be closed during the window.

If a stop loss, take profit, or adjusted stop loss in profit territory is triggered by the market during the restricted window, it is considered a violation (soft breach). Profits from the triggering trade are forfeited; losses are the trader’s responsibility and are not reversed.

For speeches and press conferences, the no-trade window covers the entire speech/conference plus the applicable buffer on each side.

Reference calendars: Myfxbook Economic Calendar and Forex Factory. If a release is classified as high-impact on either calendar, it falls under the restriction.

Targeted instruments by news event: detailed in the help center at the news trading article. Key points:

• USD CPI, Fed Funds Rate + press conference, and Non-Farm Employment Change affect all instruments.
• XAUUSD and XAGUSD are subject to a very broad range of events across all major currencies.
• USD, EUR, GBP, CAD, AUD, NZD, CHF, and JPY currency news each has its own instrument-specific restriction list.
• USOIL and UKOIL are affected by all high-impact CAD news and Crude Oil Inventories.

Consequence of violation: soft breach. Profits from the violating trade are removed and the account remains active.

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Multiple Accounts

Assessment accounts: no maximum. Traders may purchase as many assessment accounts as they wish.

Qualified Analyst accounts: maximum total allocation of $400,000 per household, shared across all four plans (Pro, Swing, One, Three).

Additionally, a $300,000 maximum allocation per strategy applies. Strategy is defined asset-by-asset. A trader may not trade the same asset across accounts where the combined balance exceeds $300,000. This applies even to different days or weeks: if an asset has ever been traded on one qualified account, it must never be traded on any other qualified account while the first account remains active.

Correlated assets used as proxies for the same trade idea also fall under this restriction. Trading EURUSD and GBPUSD simultaneously on two $200,000 accounts for the same market setup is treated as exceeding $300,000 on effectively the same strategy. However, trading the same two pairs at different times (different trade ideas) is permitted.

If both members of a household wish to trade, they must trade different assets.

If a trader passes an assessment that would push their total qualified allocation above $400,000, the firm reserves the right to refund that account.

Violation: all accounts closed, no further profit withdrawals permitted.

Account merging (alternative to running multiple accounts):

Qualified accounts may be merged up to a combined maximum of $300,000. Conditions: both accounts must be at their initial starting balance (not in drawdown), both must be the same account type and platform, and the merge must not exceed $300,000. Merged accounts cannot be scaled. Accounts in the Risk Management Group cannot be merged. Allow 24–48 business hours for processing.

Copy trading between own accounts: permitted subject to prior approval. The trader must provide the master account number, investor password, and server to support before copy trading begins. Copy trading is only supported on MT5. Not available on cTrader, DX Trade, or TradeLocker accounts at this time. Only one account may serve as master at any given time.

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Prohibited Conduct

Prohibited strategies:

• Arbitrage (including latency arbitrage and price feed front-running)
• Latency trading
• High-frequency trading
• Reverse trading / group hedging (hedging across two Alpha Capital Group accounts)
• Spamming the order book (placing many small orders instead of one consolidated order to manipulate the price feed)
• Group trading / signal following / copy trading from third-party groups
• Account management services (trading on behalf of someone else using a single account)
• Hedging with the aim of locking in price or spread arbitrage

Expert Advisors (EAs):

EAs are permitted on MT5 only. EA functionality is not available on cTrader, DX Trade, or TradeLocker. Permitted EAs are limited to risk management and trade assistance tools: lot size calculators, stop-loss/take-profit management, break-even tools, and general risk control. Fully automated EAs that independently execute trades based on predefined indicators without human oversight are strictly prohibited.

EAs must be pre-approved before use. Traders must email support with the relevant EX5 file (and MQ5 source code where available). EA use must be enabled at checkout and activated on the assessment account; it cannot be added to a qualified account if it was not used during the assessment.

If multiple traders are identified as using the same EA and placing identical trades, this constitutes a breach of the no-group-trading policy.

2-minute average trade duration rule:

Applies to all accounts at all stages (evaluation and qualified). At least 50% of gross generated profits (qualified) or total targeted profits (evaluation) must come from trades lasting longer than 2 minutes. Individual trades under 2 minutes are permitted as long as they do not account for more than 50% of profits.

Breach on evaluation: trader must restart from Phase 1. Breach on qualified: all profits removed and account reset to initial balance.

IP and VPN rules:

Multiple accounts may not be accessed through the same IP address. Each account within a household is restricted to one IP address. A VPN or VPS is permitted if it has a static IP and this is communicated to support in advance. Frequent switches between IP addresses from different countries within a single trading day (without prior notification or a VPS) are treated as a violation. International travel may trigger a security review.

Gambling policy:

Trades deemed to represent gambling behavior may result in profit removal and potential contract termination. Gambling indicators include: sudden changes in lot size relative to account average, unusual deviation from typical trade durations, and speculative short-term trades immediately surrounding news events without an intent to hold or follow a consistent strategy.

All-or-nothing trading approaches are prohibited. Consistent losses of 2% or more per trade or per sequence of simultaneously closed trades may result in placement in the Risk Management Group.

Consequences by severity:

• Soft breach: profits from the violating trade or payout window are removed; account remains active.
• Hard breach (drawdown exceeded): all trades automatically closed, account terminated.
• Prohibited strategy use: account terminated; potential permanent ban from all services.
• Account rolling: 30-day pause of services in addition to other consequences.

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Firm Rules (General)

Time limits: no maximum trading days imposed during any assessment phase. Accounts never expire due to time alone.

Inactivity: all accounts at all stages (including competition accounts) have a 30-day inactivity rule. Inactivity means not trading (not just logging in). Days are consecutive calendar days, not trading days. Accounts deactivated for inactivity cannot be reinstated. If the trader plans to stop trading for 30 or more days, they must notify support in advance. Giveaway accounts cannot be reinstated for inactivity under any circumstances.

Trading day definition: a trading day is a day on which at least one trade is opened and closed. A trade that spans midnight counts only once, regardless of which days it touches (see Consistency Rule section for the detailed example).

Asset classes available: Forex pairs, indices (CFDs), metals (gold and silver), oil (USOIL, UKOIL). No crypto trading is available directly through the platform. See the Tradeable Assets article for the full instrument list, which includes 29 forex pairs, 10 CFDs (indices and oil), and 2 metals.

Platforms available: MetaTrader 5, cTrader, DX Trade, TradeLocker. US residents may not use MetaTrader 5; they are limited to cTrader, DX Trade, and TradeLocker. Traders physically traveling to the US must also refrain from using their MT5 accounts while in the country.

KYC: required upon passing the assessment. Trader must submit a government-issued photo ID (driver’s license, passport, or national ID card; paper IDs not accepted) and a selfie for facial matching, via the verification partner Veriff. KYC must be completed personally; the use of a VPN or VPS during KYC will cause account closure. Qualified account credentials are issued within 2 business days of KYC completion. A signed external Analyst agreement via DigiSigner is also required.

Identity requirements: legal name must be used at registration. Third-party card payments are not accepted. Payments must be from a card in the trader’s own name; the name is cross-verified against the KYC profile. Traders from restricted countries living in non-restricted countries with valid non-restricted-country government ID may be onboarded. Traders from restricted countries living in restricted countries cannot be onboarded, even with a foreign passport.

Restricted countries: Afghanistan, Belarus, Burundi, Central African Republic, Chad, Democratic Republic of the Congo, Crimea, Eritrea, Iran, Iraq, Cuba, North Korea, Libya, Myanmar, Somalia, Sudan, Russia, South Sudan, Syria, Yemen, Venezuela, Vietnam, Republic of Congo, and sanctioned areas of Ukraine (Donetsk, Luhansk, Crimea, Kherson, Zaporizhzhia).

Free trial accounts: available in $50k, $100k, and $200k sizes. Maximum 30 trading days. Rules: 10% profit target, 5% max daily drawdown, 10% max total drawdown, minimum 3 trading days. EAs not available on free trial. Leverage is 1:100. News trading permitted. One free trial account per customer at a time. Successfully completing the free trial does not grant eligibility to convert to a funded evaluation. No profit split or performance fee applies.

Monthly trading competitions: free entry, one per person. Prizes range from a 5k assessment (31st–70th place) up to a 100k assessment (1st place). Competition accounts expire after 30 days and cannot be reinstated. Winners of competition prize accounts cannot merge or scale those accounts.

Additional Rules

• Stop loss and take profit orders are not mandatory. EAs using virtual or hidden stop-loss and take-profit levels are permitted.
• No profit targets exist on qualified accounts. Traders are free to withdraw whenever they meet the payout eligibility criteria.
• Performance fee bonus: on the 4th performance fee request, a discretionary bonus of 0.25% of the initial account balance is applied.
• Assessment fees are non-refundable.
• Broker: ACG Markets (FSA regulated), providing a simulated institutional execution environment. Raw spreads from 0.1. Commission-free trading on standard accounts. RAW accounts: $2.50 per lot per side. Indices are commission-free on all account types.

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Account Types / Programs

Alpha Capital Group offers the following distinct evaluation programs, all sharing a combined $400,000 maximum qualified allocation:

Alpha Pro (2-step evaluation), three profit target variants:

Variant	Phase 1 Target	Phase 2 Target	Max Drawdown	Daily Loss	Min Days/Phase	Leverage (FX)	Weekend Hold (Qualified)
Pro 10%	10%	5%	10% static	5% balance	3	1:100	Not allowed
Pro 8%	8%	5%	8% static	4% balance	3	1:100	Not allowed
Pro 6%	6%	6%	6% static	3% equity/balance	3	1:100	Not allowed

Payout options: bi-weekly or on-demand.

Alpha Swing (2-step evaluation): Phase 1: 10% profit target. Phase 2: 5%. Max drawdown: 10% static. Daily loss: 5% balance-based. Min 3 days per phase. FX leverage: 1:30. Weekend holding allowed at all stages. News trading permitted with a modified rule (any trade initiated within 2 minutes of a release must last longer than 2 minutes to be valid). Payout option: On-Demand only.

Alpha One (1-step evaluation): Phase 1: 10% profit target. Max drawdown: 6% trailing (high-water mark). Daily loss: 4% equity/balance. Min 1 trading day. FX leverage: 1:30. Weekend holding allowed at all stages. News window: 5 minutes each side. Payout options: on-demand.

Alpha Three (3-step evaluation): Phase 1: 8%. Phase 2: 4%. Phase 3: 4%. Max drawdown: 6% static. Daily loss: 4% equity/balance. Min 3 days per phase. FX leverage: 1:50. Weekend holding allowed at all stages. News window: 5 minutes each side. Payout options: bi-weekly or on-demand.

Alpha Prime (live funded account, elite tier):

Not purchased. Qualification only, via: a $40,000 profit on a single simulated payout, OR five payouts from a single qualified account, OR $100,000 in lifetime payouts with Alpha Capital Group. Early selection by the Alpha Capital team for exceptional performance is also possible.

Upon qualification, all simulated accounts are closed and the trader transitions to a live account at Alpha Prime (a traditional London-based prop trading firm). Terms: $10,000 static drawdown account, 30% daily loss limit, 60% profit split plus a monthly salary option, no consistency rule, no news trading restrictions, no withdrawal cap. Scaling potential and salary increases available for top performers.

Traders who decline the Alpha Prime offer receive their final payout and terminate all further relationship with the Alpha Group.

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Challenge Fee Policy

Assessment fees are non-refundable under all circumstances. No partial refund applies even if the trader passes.

Two account variants are available at checkout: Standard (commission-free on all assets except indices, which are always commission-free) and RAW ($2.50 per lot per side, indices commission-free). Selection is made at checkout.

EA use must be opted into at checkout if the trader wishes to use risk management tools on MT5.

Credentials are issued immediately upon card payment. Crypto payments: within 24 hours. PayPal payments: within 24 hours.

No fee refund upon passing. Challenge fees are not added to the funded account equity.

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Commissions and Spreads

Standard accounts: commission-free on all assets. Indices are commission-free on both account types. RAW accounts: $2.50 per lot per side. Indices remain commission-free. Raw spreads starting from 0.1 pips via ACG Markets.

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Payout Policy

Payouts are called “performance fees” by Alpha Capital Group.

Profit split: 80% trader / 20% firm, at all stages and for all plans (excluding Alpha Prime, which is 60% plus a salary component).

Two payout methods available (plan-dependent):

Bi-Weekly (available on Alpha Pro and Alpha Three only): Performance fees are requested every 14 days, starting 14 days after the first trade on the qualified account. The request window is shown in the account metrics section of the dashboard. A minimum of 5 trading days using the same strategy is required before the first withdrawal. Minimum payout: $100 gross ($80 net after the 80/20 split). Bi-weekly accounts cannot use On-Demand payouts.

On-Demand (available on all plans; the only option for Alpha Swing and Alpha One): Traders may request a payout at any time, subject to: holding a minimum of 2% gross profits on the account balance, and satisfying the 40% Best Day Rule (consistency score). On-Demand accounts cannot use bi-weekly payouts.

Processing time: all performance fee requests are processed and paid within 2 business days.

Payout requirements: All open trades must be closed before submitting a payout request. The account is locked during processing. Trading resumes once the balance has been reset to the initial balance.

If a rule breach is found during payout review, profits from invalid trades (or the entire payout window’s profits, depending on breach type) are removed and the remaining payout is postponed.

Performance fee bonus: on the 4th successful withdrawal, a discretionary bonus of 0.25% of the initial account balance is added.

Payment methods: Rise (riseworks.io), Wise, bank transfer (WIRE / ACH / SWIFT). Cryptocurrency withdrawals are not directly supported due to compliance requirements but may be executed through Riseworks. No direct crypto payments from Alpha Capital Group itself.

Scaling interaction: for scaled accounts, the first performance fee requires a minimum of 5 trading days on the new scaled account before it can be requested.

Account reset: after each payout, the account balance is reset to the initial balance. Profits cannot be retained in the account to increase the drawdown buffer.

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Scaling Plan

Eligible plans: Alpha Pro, Alpha Swing, Alpha Three. Alpha One is not eligible for the scaling plan.

Eligibility trigger: the trader must achieve a 10% gain on the current account balance at the time of the scaling request (not cumulative across previous withdrawals). The 10% gain must be present in the account at the time of the request; previous performance fees already withdrawn do not count.

Scaling increment: 10% of the initial account balance is added per scale. Example: a $100,000 account scales to $110,000, then to $120,000, and so on.

Profit split on scaling: remains 80/20 throughout.

Lot size increase: the first scale does not grant a lot size increase. From the second scale onward, the maximum lot size increases by 10%. Example: a $100k account (Max 40 lots) at second scale becomes $120k at Max 44 lots.

Maximum virtual capital: $2,000,000 cumulative across all scaled accounts.

How to request: at the withdrawal stage, after profits are withdrawn and the account is at initial balance, the trader includes a note in the withdrawal reason field requesting scaling and also emails payments@alphacapitalgroup.uk. Allow 24–48 business hours. The new scaled account requires a minimum of 5 trading days before the first performance fee is applicable.

Restrictions: accounts in the Risk Management Group cannot be scaled until leverage is restored to normal. Merged accounts cannot be scaled and vice versa.