Alpha capital prop firm review is an exciting one and if you wish to use them then you should be reading this.
The funding opportunity provided by Alpha Capital Group, offering up to $2,000,000 for profitable traders, demonstrates a commitment to identifying and nurturing trading talent on a global scale.
The emphasis on traders showcasing their ability to react to the markets, manage risk effectively, and generate profits aligns with the core principles of successful proprietary trading.
The inclusive approach of funding traders worldwide reflects a commitment to discovering hidden talents and providing opportunities to individuals regardless of their geographic location.
This focus on inclusivity contributes to the democratization of professional trading, allowing anyone with the skills and dedication to become a part of the trading community.
The provision of a comprehensive platform with various benefits for traders at all levels indicates a commitment to supporting traders throughout their journey. This support can be crucial, especially for those who are newer to trading or seeking to refine their skills. It suggests that Alpha Capital Group is invested in the success and development of the traders associated with the firm.
While this information presents a positive perspective on Alpha Capital Group’s funding program, it’s always advisable for potential traders to conduct thorough research, verify the terms and conditions of the funding, and consider reviews or testimonials from individuals who have experience with the firm.
Additionally, understanding the specific rules, risk parameters, and expectations associated with the funding can contribute to a more informed decision for those considering participation.
Pros of Alpha Capital Group
- Free Trial: Offering a free trial allows traders to experience the platform and evaluate its features before committing financially. This can be beneficial for both parties to ensure compatibility.
- Trustpilot Rating: A Trustpilot rating of 4.6/5 indicates a high level of satisfaction among users. Positive reviews on independent platforms like Trustpilot contribute to the credibility of the firm.
- Maximum Allocation Capital: The opportunity for traders to access a maximum allocation capital of $2,000,000 provides the potential for significant trading opportunities and scalability.
- Zero Commission Costs: The absence of commission costs is attractive for traders, as it allows them to retain a larger portion of their profits.
- Profit Share: An 80% profit share arrangement is favorable for traders, providing a substantial portion of profits as a reward for successful trading.
- Bi-Weekly Payouts: Frequent bi-weekly payouts offer a consistent and timely reward system for traders, contributing to financial stability.
- Overnight and Weekend Holding: Allowing overnight and weekend holding positions provides flexibility for traders to capture opportunities in various market conditions.
- News Trading Allowed: Permission for news trading acknowledges the importance of reacting to market events and taking advantage of volatility.
- Scaling Account Option: The option for scaling accounts indicates a recognition of traders’ evolving needs and aspirations for growth.
- Leverage: A leverage ratio of 1:100 can enhance trading capacity, allowing traders to control larger positions with a relatively smaller amount of capital.
- Professional Trading Dashboard: A professional trading dashboard contributes to a trader-friendly environment, helping users analyze markets and execute trades efficiently
Cons of Alpha Capital Group
The limitations on trading instruments, lot size, and minimum average trade duration imposed by Alpha Capital Group provide specific guidelines for traders within the platform. Here’s a breakdown of each restriction:
1. Limited Trading Instruments
The availability of only Forex pairs, commodities, and indices for trading suggests a focused approach to these asset classes. Traders should ensure that their preferred markets align with the provided instruments.
1. Lot Size Limit:
A lot size limit implies constraints on the size of individual trades. Traders need to adhere to these limits when opening positions, affecting the scale of their trades.
2. Minimum Average Trade Duration of 2 Minutes:
Enforcinga minimum average trade duration of 2 minutes implies that traders are expected to hold positions for a minimum duration. This rule may impact the trading strategies employed, especially for those focusing on shorter time frames.
Alpha Capital Evaluation
Here are the different evaluation accounts that they have;
| Account Size | Price |
|---|---|
| $10,000 | $97 |
| $25,000 | $197 |
| $50,000 | $297 |
| $100,000 | $497 |
| $200,000 | $997 |
The evaluation phases outlined by Alpha Capital Group provide specific criteria for traders to progress through the evaluation process. Here’s a summary of the key requirements for each phase:
Evaluation Phase One
- Profit Target: Traders need to reach a profit target of 8%.
- Maximum Daily Loss: Traders should not surpass a maximum daily loss of 5%.
- Maximum Loss: Traders must not exceed a maximum loss of 10%.
- Time Limitations: There is no specified maximum trading day requirement during Phase One.
- Minimum Trading Days: Traders are required to trade a minimum of three trading days to proceed to Phase Two.
Evaluation Phase Two
- Profit Target: Traders need to reach a profit target of 5%.
- Maximum Daily Loss: Traders should not surpass a maximum daily loss of 5%.
- Maximum Loss: Traders must not exceed a maximum loss of 10%.
- Time Limitations: There is no specified maximum trading day requirement during Phase Two.
- Minimum Trading Days: Traders are required to trade a minimum of three trading days to proceed to a funded account.
These criteria set clear expectations for traders to demonstrate their ability to achieve consistent profits while managing risk effectively. The absence of maximum trading day requirements allows flexibility, but the minimum trading day requirement ensures a sufficient evaluation period.
Traders should thoroughly understand and adhere to these rules to successfully progress through the evaluation phases and eventually qualify for a funded account. It’s essential for traders to approach each phase with discipline, considering both profitability and risk management to meet the specified targets.
