Alpha Capital Group Review

Alpha Capital Group is a UK-registered prop firm, ALPHA CAPITAL GROUP LIMITED, founded in 2021. It sells simulated forex and CFD accounts through two kinds of route. Alpha Pro and Alpha Swing are two-step evaluations. Alpha Direct gives instant funding with no evaluation.

Overall, the firm offers more choice than most. Both two-step programs use a static maximum loss, Alpha Direct pays a 90% split, and every program allows on-demand payout requests. Against that, a two-minute trade-duration rule, per-asset risk caps, lot limits and a permanent 30-day inactivity closure make the terms stricter than the headline drawdowns suggest. The programs also differ in drawdown type, payout schedule, news restrictions and lot limits, so the right choice depends on how you trade.

Who operates Alpha Capital Group

The firm trades as Alpha Capital Group (sometimes shortened to ACG or “Alpha Capital”) and runs its site at alphacapitalgroup.uk. It was founded in November 2021, which gives it roughly five years of operation. The firm reports $100,000,000 in total payouts. That figure is self-published and has not been independently verified. Among firms that publish a payout total, it places 12th of 50.

The model matches most evaluation-based forex prop firms. You pay a one-time fee for an account. If you meet the profit target without breaching the loss limits, you move to a qualified (funded) account and receive a share of the profits you generate there. Alpha Capital calls those payouts “performance fees” in its own terms.

Programs and costs

Alpha Capital offers 19 configurations across three programs, from $3K to $200K. Each fee is one-time. Fees carry both a list price and a reduced price that is 40% lower (for example, $527 list against $316 for a $100K Alpha Pro). Alpha Pro and Alpha Swing cost the same at every size. Alpha Direct is more expensive than the evaluations up to $25K and cheaper from $50K upward: $154 against $178 at $50K, and $538 against $598 at $200K.

Alpha Pro (two-step)

• Profit targets: 8% in Phase 1, 5% in Phase 2
• Daily loss limit: 4%
• Maximum loss: 8%, static
• Minimum trading days: 3
• Profit split: 80%
• Payouts: bi-weekly or on-demand

The 8% Phase 1 target equals the 8% maximum loss, a 1:1 target-to-drawdown ratio. Because the drawdown is static, the loss floor stays fixed at 92% of the starting balance however much profit you build.

Worked example (hypothetical, $100K Alpha Pro). Phase 1 asks for $8,000 in profit and Phase 2 for $5,000. The static maximum loss puts the floor at $92,000. If the 4% daily limit is measured on the $100K starting balance, daily losses are capped at $4,000, so two bad days at the cap would reach the overall floor.

Alpha Swing (two-step)

• Profit targets: 10% in Phase 1, 5% in Phase 2
• Daily loss limit: 5%
• Maximum loss: 10%, static
• Minimum trading days: 3
• Profit split: 80%
• Payouts: on-demand

Swing asks for a larger first-phase target than Pro but allows more room on both loss limits. It also has the loosest news-trading rule on qualified accounts and the tightest lot caps, both covered below.

Alpha Direct (instant funding)

• Profit target: none
• Daily loss limit: 3%
• Maximum loss: 5%, trailing
• Minimum trading days: none
• Profit split: 90%
• Payouts: bi-weekly or on-demand
• Sizes: $3K to $200K

Direct removes the evaluation and pays the highest split of the three programs. The trade-off is a much tighter risk box. A trailing 5% maximum loss moves up as the account makes new highs. On a $10K account, for example, you are never more than $500 from the floor, assuming the limit trails the account’s peak. Direct also carries a 1% maximum risk per asset and does not allow expert advisors.

Alpha One

The firm has announced Alpha One alongside its instant funding product and lower Alpha Pro prices. Its fees and targets are not published, but one rule specific to it is. Its trailing maximum drawdown resets to the initial balance once the account reaches a set profit level. After that you must keep a profit buffer to continue trading, and withdrawing all profits closes the account.

Trading rules that apply across accounts

The two-minute rule

Every program has a trade-duration requirement with two parts:

1. The average duration of all your trades must exceed two minutes.
2. At least 50% of profits must come from trades held longer than two minutes. On qualified accounts this means gross profit above the initial balance. On evaluations it means the total profit target. Profits from sub-two-minute trades count toward the limit even when they were made while the account was below its starting balance.

The consequences differ by stage. If you pass an evaluation but breached this rule, you restart from Phase 1. On a qualified account, all profits are removed and the account is reset to its initial balance. Scalpers who take many quick trades need to track the share of profit coming from short holds, not just the average.

Maximum risk per asset

A newer rule caps how much you can risk on a single asset:

On a $50K evaluation, 2% works out to $1,000 of risk on one asset at a time, assuming the percentage applies to the account size.

Lot limits

Maximum position size scales with account size and differs by program. Swing has the lower caps. Direct, One and Pro share the higher schedule.

A $300K level appears in both schedules, though challenges stop at $200K. Separately, qualified accounts face a $300,000 maximum allocation per trading strategy, and the firm defines a “strategy” by the assets traded. Running several accounts on the same instruments therefore counts toward one allocation.

News trading

News trading is unrestricted in every evaluation. On qualified accounts the rules split by program:

• Alpha Swing: news trading is allowed. Any trade opened within two minutes before or after a release (a four-minute window) must stay open longer than two minutes to count as valid.
• Alpha Direct, Alpha One and Alpha Pro: trading is restricted from five minutes before to five minutes after high-impact news.

Automation and copy trading

Expert advisors work only on MetaTrader 5. cTrader, DXtrade and TradeLocker accounts have no EA functionality. EAs must be enabled at checkout and are not available on Alpha Direct. Only trade-management EAs are approved. Fully automated systems that open trades without human oversight are prohibited.

Copy trading is allowed between your own personal accounts, on MT5 only. If the Alpha Capital account receives the copied trades from an outside account, you must prove you own the source account.

Prohibited practices

The terms ban:

• All-or-nothing trading, meaning full risk on an evaluation or qualified account to pass or fail in one move, or many accounts passing and failing in a short period. Previously failed accounts are considered.
• Exploiting unrealistic prices, mispricing or price-feed delays
• Latency trading, arbitrage and high-frequency trading
• Reverse trading or group hedging across accounts
• Spamming the order book
• Group trading and signal following
• Account management. Every account must be traded by the person named on it.

The firm also has an IP rule covering VPN and VPS use, which matters if you trade from more than one location.

Inactivity

Accounts are deactivated after 30 days without activity, and deactivated accounts cannot be restored. The firm’s rules page ties this to trading, not logging in: if no trade is placed for 30 consecutive days, the account is deactivated, and this applies to all accounts in all stages.

Payouts

Payouts go through Rise or Wise.

The standard schedule works as follows:

• First request: at least five trading days using the same strategy
• After that: a request every 14 days
• Minimum withdrawal: $100 in gross profit

The on-demand option lets you request at any time if you meet your plan’s conditions. For One, Pro and Swing, those conditions are a 40% best-day rule (no single day can account for more than that share of profit) and at least 2% gross profit on the account balance. A separate set of conditions applies to funded accounts. It requires a 3% profit buffer, then a further 1% gross profit (4% in total before the first request), plus a 15% best-day rule. The product page ties the 15% best-day rule and 1% minimum profit to Alpha Direct, while One, Pro and Swing on-demand use the 40% rule, so confirm which one applies to your exact account before planning a withdrawal around it.

Platforms, instruments and leverage

Alpha Capital supports four platforms: MetaTrader 5, cTrader, TradeLocker and DXtrade. The home page lists pricing as raw spread with no commission. Tradable assets cover forex, metals, indices and commodities, and the firm also names crypto among its instrument types.

Alpha Pro carries 1:100 forex leverage, while Alpha Direct lists 1:30. The firm’s asset-class schedule for two-step accounts sets lower leverage elsewhere: 1:30 on metals, 1:20 on indices and 1:10 on energy. At 1:10, a position needs a tenth of its notional value in margin, so a gold or oil trade ties up far more margin than a forex trade of the same size.

Eligibility

Residents of the United States cannot buy accounts. The terms also exclude the Crimea, Donetsk and Luhansk regions of Ukraine.

Strengths and trade-offs

Strengths

• Three distinct routes, including instant funding at a 90% split
• Static maximum loss on both two-step programs, so the floor does not rise with profits
• Unrestricted news trading in evaluations, and on funded Swing accounts subject to the two-minute window
• Four platform choices
• On-demand payout requests available on every program

Trade-offs

• The two-minute rule penalizes short-hold scalping, and a funded breach wipes profits
• Per-asset risk caps (1% to 3%) and lot limits restrict position sizing beyond the drawdown rules
• Alpha Direct’s trailing 5% limit and 3% daily limit leave little room for drawdowns
• EAs only on MT5, trade management only, and not on Direct
• The 30-day inactivity rule closes accounts permanently
• An 80% split on the evaluation programs
• No access for US residents

How we checked Alpha Capital Group

We visited alphacapitalgroup.uk on 13 November 2026, connecting from Tallinn, Estonia. The home page opened normally. In the footer we found the company name ALPHA CAPITAL GROUP LIMITED and company number 13719951, then clicked through to About, Terms of Use, Product and the 2-Step Evaluation page. The terms name Alpha Capital Group Limited, incorporated in England and Wales under company number 13719951. We saw no risk warning on the pages we opened.

Prices are public. On the 2-Step page, the $100,000 Alpha Pro account was listed at $527.00 one time pay. The product page put the $2,500 Alpha Direct account at $30.00. The rules shown alongside those prices were specific. Alpha Pro lists an 8.00% first target, an 8.00% max loss and a 4.00% daily loss, while Alpha Direct lists a trailing 5% max loss and a 3.00% daily loss. Clicking “Start your Evaluation” took us to a checkout page with 21 prices visible, and we were not asked to sign in before seeing them. We did not buy anything. One line puzzled us: the site says “ACG Markets is an FSA-regulated brokerage.” We did not check that statement against any regulator.

On the same day we searched Companies House, the UK register of companies, for 13719951. It returned ALPHA CAPITAL GROUP LIMITED, a private limited company, status Active, incorporated 2 November 2021, at 1 Allied Business Centre, Coldharbour Lane, Harpenden, England, AL5 4UT. That matches the footer. The domain was registered 2021-11-16 through Fasthosts Internet Ltd, and the Wayback Machine’s first capture of the home page dates from 2022-03-18.

Trustpilot, read on 13 November 2026, showed 4.5/5 from 22,186 reviews, with 85% five-star and 7% one-star. The profile is claimed by the company, which had replied to 1 of the 8 newest reviews. Some things stay out of reach for us. The $100,000,000 in performance fees and the 24 to 48 business hours processing time are the firm’s own figures, and without trading or requesting a payout we cannot confirm either.

Who it may suit

Alpha Swing fits traders who hold positions through news and want a 10% static drawdown, and who can accept the higher Phase 1 target, the smaller lot caps and on-demand-only payouts.

Alpha Pro has the same fees and Phase 2 target but a lower 8% first target with tighter loss limits. It suits traders who do not need funded-account news trading and want a bi-weekly payout option.

Alpha Direct suits traders who want to skip evaluation and keep 90% of profits, provided their strategy works within a trailing 5% limit, 1% risk per asset and no automation.

Alternatives

Provider	Score	Fee	Split	Payouts
AquaFunded	6.0/10	$420	90%	Bi-Weekly	Review
TOTop One Futures	5.6/10	$189	—	5 Days	Review
FuturesElite	7.2/10	$144	90%	6 winning days of $250 each day | With Consistency Rule Met	Review

Sources

1. alphacapitalgroup.uk/terms-and-conditions
2. help.alphacapitalgroup.uk/en/articles/6933852-how-does-the-scaling-pla
3. help.alphacapitalgroup.uk/en/articles/16003693-alpha-direct
4. alphacapitalgroup.uk/resources/alpha-capital-2026-plan-pricing-update
5. help.alphacapitalgroup.uk/en/articles/6933755-how-do-i-get-paid-perfor
6. help.alphacapitalgroup.uk/en/articles/10102634-on-demand-performance-f