Alpha Capital Group Review: UK Prop Firm With Platform Breadth

This Alpha Capital review breaks down the UK-based prop firm that operates its own proprietary broker (ACG Markets) and delivers the widest platform choice in the segment — MT5, cTrader, DXtrade, and TradeLocker. The question isn’t whether Alpha Capital is legitimate. The question is whether its flat 80% profit split, program-specific drawdown structures, and the 2-minute holding rule fit how you actually trade.

Most Alpha Capital reviews highlight the platform breadth and skip the rules that specifically trap funded traders — the weekend hold difference between Alpha Pro and other programs, the 2-minute rule on trailing accounts, the 40% best day consistency rule that only applies to on-demand payouts. The platform deserves better — and so does anyone deciding between Alpha Capital and FTMO, FundedNext, or FundingPips. This review breaks down what each of the four programs actually unlocks, where the platform genuinely falls short, and which type of trader gets value from which path.

The short version: Alpha Pro is the right default for most tested forex traders, Alpha Swing is the right choice for swing traders wanting weekend holding on funded accounts, Alpha One suits fast-evaluation seekers accepting trailing drawdown, and Alpha Three is the strictest path for traders who genuinely want 3-step validation.

Alpha Capital at a Glance

Dimension Alpha Capital Group
Best for Traders wanting UK-based operations, widest platform choice, and dedicated swing evaluation
Not for Traders wanting fee refund, evaluation profit share, or profit splits scaling above 80%
Corporate structure UK-registered (Companies House 13719951); operates proprietary broker ACG Markets — not FCA regulated
Programs Alpha Pro (2-Step), Alpha One (1-Step), Alpha Swing (2-Step swing variant), Alpha Three (3-Step)
Drawdown model Static on Pro, Swing, and Three; trailing high-water mark on Alpha One
Profit split Flat 80% across all programs and payout options
Scaling ceiling Up to $2M in simulated capital through 10% scaling milestones
Consistency rule 40% best day rule — applies only to on-demand payouts (mandatory on One and Swing)
Weekend holding on Qualified accounts Allowed on One, Three, and Swing; NOT allowed on Alpha Pro (soft breach)
Platforms MT5, cTrader, DXtrade, TradeLocker — widest choice in the segment
Fee refund Non-refundable — all sales are final; 0.25% discretionary bonus on 4th payout
Trustpilot rating 4.7/5 across 18,700+ reviews (mid-2026)

A 10-second summary. Alpha Capital has restructured its programs multiple times; verify current rules on ACG’s official Rules page before purchasing. All accounts operate in simulated environments per Alpha Capital’s disclosure.

What Alpha Capital Actually Is

Alpha Capital Group is a proprietary trading firm registered in the UK (Companies House 13719951) that operates its own broker infrastructure through ACG Markets. The firm is not FCA regulated — no FCA warning against it exists, but no license either — and Alpha Capital’s terms explicitly disclose that all trading occurs on simulated accounts with simulated funds.

The core of the product is the Qualified Account. A trader passes one of four evaluation programs, then trades a Qualified Account with an 80% profit split on simulated profits, using ACG Markets as the trading infrastructure. Around that core, the platform adds:

  • Four evaluation formats — Alpha Pro (2-Step), Alpha One (1-Step), Alpha Swing (2-Step swing variant), Alpha Three (3-Step)
  • Widest platform choice in the segment — MT5, cTrader, DXtrade, and TradeLocker; MT4 not supported
  • Scaling program — up to $2M in simulated capital through repeated 10% scaling milestones (Pro, Swing, and Three eligible)
  • Two payout options — on-demand (with 40% best day rule and 2% minimum profit) or bi-weekly ($100 minimum)
  • Alpha Prime — invitation-only live-capital track for top performers with 60% split plus monthly salary option; not part of the evaluation lineup
  • Discretionary bonus — 0.25% of initial account size credited on the 4th performance fee request

What makes Alpha Capital structurally distinct in the segment is the combination of UK corporate registration, proprietary broker infrastructure, and the widest platform choice among major forex/CFD prop firms. The trade-off is a flat 80% profit split with no scaling to 90-100% like several competitors offer, and a non-refundable fee structure that contrasts with FTMO’s 2-Step refund or FundingPips’ 4th-payout refund.

ℹ Quick context

If you’re deciding between Alpha Capital and other prop firms, the platform choice and UK registration matter more than headline economics. Alpha Capital bundles a specific proprietary broker infrastructure with rule mechanics that differ from FTMO or FundedNext in specific ways. See the full prop firms pillar for the framework that determines whether any prop firm makes sense for your strategy in the first place.

Alpha Pro: The Default Path

Alpha Pro is Alpha Capital’s flagship product and the most-purchased program. Available in 10%, 8%, and 6% profit target tiers, with corresponding daily loss adjustments across each.

Rule structure (10% tier — the standard):

  • Phase 1: 10% profit target
  • Phase 2: Verify at checkout — plan page doesn’t list separately in all sources
  • Daily loss limit: 5% (10% tier); 4% (8% tier); 3% (6% tier) — balance-based calculation
  • Maximum loss: 10% static, fixed at initial balance
  • Time limit: None
  • Leverage: Up to 1:100
  • Starting profit split: 80% at Qualified stage (flat across payout options)
  • Weekend holding on Qualified account: Soft breach — profits from weekend positions removed, account remains active if within max drawdown
  • Consistency rule: Only applies to on-demand payouts (40% best day rule)

The balance-based daily drawdown calculation is a specific Alpha Pro feature worth understanding. Unlike equity-and-balance combined calculations at some competitors, Alpha Pro’s daily drawdown uses only balance — which is more favorable when running unrealized losses across intraday sessions. This structural detail matters for strategies with wider intraday drawdowns that recover before end-of-day.

Alpha Pro is the right default for tested forex traders who want static drawdown, the widest platform choice, and don’t need to hold positions through weekends on the funded account. The 10% tier delivers the standard segment profile; the 8% and 6% tiers exist for traders who prefer tighter parameters at (typically) lower entry cost.

Alpha Swing: The Dedicated Swing Path

Alpha Swing is Alpha Capital’s evaluation program built specifically for swing traders who hold positions overnight, through weekends, and across major news events on the funded account.

Rule structure:

  • Phase 1: 10% profit target
  • Phase 2: 5% profit target
  • Daily loss limit: 5% balance-based
  • Maximum loss: 10% static
  • Leverage: Up to 1:30 (lower than Alpha Pro’s 1:100)
  • Weekend holding on Qualified account: Permitted — this is the core differentiator
  • Consistency rule: 40% best day rule (on-demand payouts are mandatory on Swing)
  • Lot size caps: Half of Alpha Pro’s caps at equivalent account size

Alpha Swing is the direct answer to the specific problem swing traders face on Alpha Pro: weekend holding on the funded Pro account is a soft breach that removes profits from those positions. On Alpha Swing, weekend holding is explicitly permitted on the Qualified account without any profit penalty. This is the reason Swing exists as a separate product rather than a modifier on Pro.

The trade-offs are meaningful. Alpha Swing caps leverage at 1:30 vs Pro’s 1:100 — a material difference for position sizing on forex majors. Lot size caps are half of Alpha Pro’s equivalent tier, which constrains larger-position strategies. On-demand payouts are mandatory (no bi-weekly option), which means the 40% best day rule always applies. For traders whose strategy genuinely requires weekend holding, these trade-offs are worth accepting. For traders who close all positions before Friday close, Alpha Pro’s higher leverage and standard payout flexibility make it the better choice.

Alpha One: The Trailing 1-Step Path

Alpha One is Alpha Capital’s fastest evaluation — one phase, no Phase 2 — with a trailing drawdown mechanism that separates it structurally from the static drawdown on Pro, Swing, and Three.

Rule structure:

  • Single phase: 10% profit target
  • Daily loss limit: 4% balance-based
  • Maximum loss: 6% trailing — based on high-water mark, moves up as equity reaches new highs
  • Starting profit split: 80% at Qualified stage
  • Consistency rule: 40% best day rule (on-demand payouts mandatory)
  • Weekend holding on Qualified account: Permitted
  • The 2-minute rule: Once the trailing floor locks at 6% profit, 50% of profits must come from trades held longer than 2 minutes

Two features make Alpha One structurally different from Alpha Pro. First, the trailing drawdown — the floor rises with equity highs, which means a profitable trader who gives back a normal drawdown can breach even though they remain net profitable from initial balance. This is the standard 1-step tradeoff at most competitors as well.

Second, the 2-minute rule is Alpha Capital-specific and catches many Alpha One traders off guard. Once cumulative profit passes 6% and the trailing floor locks, at least 50% of all profits from that point forward must come from trades held longer than 2 minutes. Below 6% profit the rule doesn’t apply. The rule exists as a consequence of the trailing drawdown mechanism, not as a standalone penalty — but its practical effect is that fast scalping strategies become progressively constrained as the trailing floor advances.

Alpha One is the right choice for traders whose strategy naturally holds positions longer than 2 minutes and can operate cleanly within trailing drawdown mechanics. For fast scalpers or algorithmic strategies with sub-2-minute holding periods, the 2-minute rule creates real friction that Alpha Pro (with static drawdown and no equivalent rule) avoids entirely.

Alpha Three: The Strict 3-Step Path

Alpha Three is Alpha Capital’s most conservative evaluation program — three sequential phases with tight parameters throughout.

Rule structure:

  • Three sequential phases: 8%, 4%, and 4% profit targets
  • Daily loss limit: 4% balance-based
  • Maximum loss: 6% static
  • Starting profit split: 80% at Qualified stage
  • Weekend holding on Qualified account: Permitted

The 3-phase structure requires a combined 266% true return across three sequential validations before reaching the funded stage — cumulatively more demanding than any of the other three Alpha Capital programs. The 6% static max drawdown is tight, and the 4%/4% Phase 2 and Phase 3 targets leave less margin for error than Alpha Pro’s 10%/5% or Alpha Swing’s 10%/5%.

Alpha Three is the right choice for a narrow profile: traders who genuinely want extensive validation before reaching funded status and are willing to trade harder pass conditions for that structure. For most traders, Alpha Three’s cumulative difficulty is worse economics than passing Alpha Pro at similar total cost.

Multi-platform traders wanting UK-based operations

Alpha Capital offers the widest platform choice in the segment across four evaluation programs

MT5, cTrader, DXtrade, and TradeLocker — no other major prop firm supports all four. The flat 80% profit split is the trade-off vs competitors with scaling paths to higher tiers.

Try Alpha Capital

The 40% Best Day Rule: When It Actually Applies

Alpha Capital’s consistency rule is misunderstood in most reviews because it doesn’t apply universally. Understanding exactly when the rule triggers is critical for choosing between programs and payout options.

The rule structure:

  • Applies to: On-demand payouts only
  • Does NOT apply to: Evaluation phases at all, or bi-weekly payouts on Alpha Pro and Alpha Three
  • Mandatory on: Alpha One and Alpha Swing (on-demand is the only payout option)
  • Threshold: No single trading day may contribute more than 40% of total profits generated during the payout period
  • Additional on-demand requirement: Minimum 2% profit generated before payout eligible

This structure matters for program selection. Traders whose strategy produces concentrated single-day returns should either choose bi-weekly payouts on Alpha Pro or Alpha Three (avoiding the rule entirely) or accept the rule’s constraint on Alpha One and Alpha Swing where on-demand is mandatory. The rule is not an issue for smooth-distribution strategies; it’s a hard constraint for strategies whose edge produces occasional large single-session captures.

The Weekend Hold Trap on Alpha Pro Qualified

One of the most consequential Alpha Capital-specific rules is the weekend hold behavior on Alpha Pro Qualified accounts. During evaluation, weekend holds are permitted freely across all programs. On the Qualified (funded) stage, program-specific rules apply — and Alpha Pro is the odd one out.

Weekend holding rules on Qualified accounts:

  • Alpha One: Permitted
  • Alpha Three: Permitted
  • Alpha Swing: Permitted (this is the core Swing product feature)
  • Alpha Pro: NOT permitted — soft breach; profits from weekend positions are removed, account remains active if within max drawdown

This is a genuine trap for traders who used weekend holds freely during Alpha Pro evaluation and assume the same rules apply post-qualification. They don’t. Traders whose strategy genuinely requires weekend holding on the funded stage should choose Alpha Swing regardless of the leverage and lot size trade-offs. For traders who close all positions before Friday close, Alpha Pro’s higher leverage and standard payout flexibility make it the correct choice.

The Scaling Ladder: How Growth Actually Works

Alpha Capital operates a scaling program that grows Qualified account balance up to $2M in simulated capital through repeated 10% profit milestones. Alpha Pro, Alpha Swing, and Alpha Three are eligible for scaling; Alpha One is not explicitly documented as eligible in current sources — verify at time of purchase.

Scaling mechanics:

  • After a successful payout and account reset, traders can request scaling
  • Each scale increases the account balance by 10% of the original amount
  • From the second scale onward, a 10% lot size increase is also added
  • Maximum simulated capital across all scales combined: approximately $2M (higher tiers may extend to $2M+; verify current terms)
  • Profit split remains 80% throughout — no split scaling like FTMO’s Scaling Plan or FundingPips’ Hot Seat

The critical distinction from competitors is that Alpha Capital’s scaling grows the account balance, not the profit split. Traders reaching the $2M capital ceiling extract 80% of profits from a larger base, but they don’t unlock the 90-100% split tiers that FTMO’s Scaling Plan or FundingPips’ Hot Seat deliver. For traders whose expected total economics depend on eventually reaching higher split percentages, this is a real structural difference vs those competitors.

The Payout Reality

Alpha Capital offers two payout options with different rules attached to each. Bi-weekly payouts require a $100 minimum and no consistency rule (on Alpha Pro and Alpha Three); the first bi-weekly request requires a minimum 5 trading days using the same strategy. On-demand payouts require minimum 2% profit generated, and the 40% best day rule applies. On-demand is mandatory on Alpha One and Alpha Swing.

The 4th performance fee request triggers a discretionary bonus of 0.25% of the initial account size — a small but real additional economic feature for traders who reach that tenure. Withdrawal methods include Rise, Wise, and Bank Transfer. Processing quality is generally documented as reliable across community reviews, though Alpha Capital doesn’t publish a specific SLA that can be cited as guaranteed.

The fee refund question deserves specific attention: Alpha Capital’s fees are non-refundable — all sales are final per the firm’s return policy. This differentiates Alpha Capital from FTMO (2-Step fee refunded at first payout), FundingPips (1-Step and 2-Step refunded after 4th payout), and FundedNext (multiple refund mechanics). For traders comparing total effective evaluation cost, this is a real economic difference against Alpha Capital that competitors’ refund mechanics offset.

How Alpha Capital Compares to Specialized Alternatives

vs FTMO: the platform and refund comparison

  • Alpha Capital wins on platform breadth. Four platforms (MT5, cTrader, DXtrade, TradeLocker) vs FTMO’s four (MT4, MT5, cTrader, DXtrade)
  • FTMO wins on operational track record. 2015 launch vs Alpha Capital’s 2021 registration — six additional years of continuous history
  • FTMO wins on fee refund mechanic. 2-Step fee refunded at first payout — Alpha Capital doesn’t offer any refund
  • FTMO wins on scaling economics. Scaling Plan progression to 90% split vs Alpha Capital’s flat 80%
  • Alpha Capital wins on dedicated Swing program. Alpha Swing permits weekend holding on funded accounts without the profit penalty FTMO’s Swing variant doesn’t have but with lower leverage caps

For traders prioritising the longest track record and best long-term economics, FTMO wins. For traders wanting platform breadth including TradeLocker, Alpha Capital wins. See the FTMO review for the mirror comparison.

vs FundingPips: the split and scaling comparison

  • FundingPips wins on top-tier scaling economics. Hot Seat’s 100% profit split vs Alpha Capital’s flat 80%
  • Alpha Capital wins on rule simplicity. No per-trade risk cap, no IP-consistency requirement — fewer non-obvious ways to blow an account
  • FundingPips wins on fee refund. 1-Step and 2-Step refund after 4th payout vs Alpha Capital’s non-refundable fee
  • Alpha Capital wins on dedicated Swing program. No equivalent Swing-specific product at FundingPips
  • Both support proprietary broker infrastructure (ACG Markets vs FundingPips’ own execution)

For traders targeting genuine 100% split at scale, FundingPips wins. For traders wanting rule simplicity and a dedicated Swing product, Alpha Capital wins. See the FundingPips review for details.

How Traders Actually Use Alpha Capital: Three Real Workflows

The Alpha Pro flagship workflow

The most productive Alpha Capital workflow starts with a tested forex or index strategy that closes all positions before Friday close. The trader verifies daily P&L distribution fits inside the 5% daily loss and 10% static max drawdown, then purchases Alpha Pro 10% tier at a moderate account size. During evaluation, they hit both phase targets normally. On the Qualified stage, they choose bi-weekly payouts (avoiding the 40% best day rule) and extract at the 80% split. Over successive scaling milestones, they grow the account balance toward the $2M ceiling while maintaining the same 80% split throughout.

The Alpha Swing workflow for position traders

Traders whose strategy genuinely requires overnight and weekend holding use Alpha Swing rather than Pro. Purchase Alpha Swing at moderate size, trade through the 2-step evaluation with the leverage and lot size caps understood upfront. On the Qualified stage, hold positions through weekends without the profit penalty that Alpha Pro imposes. Accept on-demand payouts and the 40% best day rule as the operational trade-off. This workflow specifically compensates for the biggest failure mode on Alpha Pro Qualified — traders who forget the weekend hold difference between evaluation and funded stages.

The multi-platform strategy workflow

Alpha Capital’s differentiator for a specific trader profile is the platform breadth. Traders whose infrastructure runs on cTrader, DXtrade, or specifically TradeLocker (rare in prop firms) find Alpha Capital as one of few options that supports their platform of choice. This workflow starts with the platform requirement and works backwards to the program selection. For traders whose strategy is platform-specific and needs a specific interface for automation or execution, Alpha Capital eliminates the platform-compatibility friction that most alternatives create.

The Real Limitations Worth Knowing

Non-refundable fees. Unlike FTMO, FundedNext, or FundingPips (each with different refund mechanics), Alpha Capital fees are non-refundable — all sales are final. For traders comparing total effective evaluation cost including refund possibility, this is a real economic differential Alpha Capital doesn’t offset.

Flat 80% profit split — no scaling to higher tiers. Alpha Capital’s scaling grows the account balance, not the profit split. Traders reaching the $2M capital ceiling still extract 80%. For traders whose expected total economics depend on reaching higher split percentages via scaling (as at FTMO’s 90%, FundingPips’ Hot Seat 100%, or The5ers’ 100%), Alpha Capital caps below those competitors structurally.

Weekend hold rules differ between evaluation and Qualified on Alpha Pro. The single most common trap for Alpha Pro Qualified traders is holding weekend positions after passing evaluation. During evaluation, freely permitted. On Qualified, soft breach that removes weekend profits. Traders whose strategy requires weekend holding must choose Alpha Swing before purchasing anything.

Pros and Cons

Strengths

  • Widest platform choice in the segment (MT5, cTrader, DXtrade, TradeLocker)
  • UK corporate registration with proprietary broker infrastructure (ACG Markets)
  • Four distinct evaluation formats covering 1-step, 2-step, 3-step, and swing variants
  • Dedicated Alpha Swing program with weekend holding on Qualified accounts
  • Balance-based daily drawdown on Pro, Swing, and Three (more favorable than combined equity+balance)
  • Static drawdown on Pro, Swing, and Three programs
  • No consistency rule during evaluation on any program
  • No consistency rule on bi-weekly payouts (Alpha Pro and Alpha Three)
  • Copy trading and news trading permitted (with news restrictions on Qualified accounts)
  • Trustpilot 4.7/5 across 18,700+ reviews

Weaknesses

  • Non-refundable fees — no refund mechanism on any program
  • Flat 80% profit split — no scaling to 90-100% like competitors offer
  • Alpha Pro Qualified doesn’t permit weekend holding (soft breach removes weekend profits)
  • Alpha One’s 2-minute rule locks after 6% profit and constrains fast scalping
  • Alpha One and Alpha Swing mandate on-demand payouts (40% best day rule always applies)
  • Not FCA regulated despite UK registration
  • Alpha Swing caps leverage at 1:30 vs Pro’s 1:100
  • Alpha Three requires 266% cumulative true return across three phases
  • MT4 not supported — MT5, cTrader, DXtrade, TradeLocker only
  • Fully automated EAs prohibited; only pre-approved risk-management EAs on MT5

Who Should Pay for What

Your situation Recommended program
Tested forex trader closing all positions before Friday close Alpha Pro (10% tier) — flagship product with highest leverage
Swing trader requiring weekend holding on funded account Alpha Swing — accepts leverage and lot size trade-offs for weekend flexibility
Intraday trader holding positions longer than 2 minutes, wants 1-step evaluation Alpha One — trailing drawdown, 2-minute rule fits strategy naturally
Trader wanting extensive validation across three sequential phases Alpha Three — 3-step structure, tightest parameters
Multi-platform trader specifically requiring TradeLocker or DXtrade Any Alpha Capital program — platform breadth is the primary reason to be here
Long-term scaling trader targeting 90%+ profit split Skip Alpha Capital — flat 80% caps below FTMO, FundingPips, The5ers scaling
Fast scalper with sub-2-minute holding periods Skip Alpha One — 2-minute rule locks progressively; use Alpha Pro instead

Verdict: Who Should Use Alpha Capital

Alpha Capital is the right choice for traders wanting UK-based operations, the widest platform choice in the segment, and a dedicated Swing evaluation program. Alpha Pro is the correct default for tested forex traders who don’t need weekend holding on the funded stage. Alpha Swing is the right choice for the specific profile of swing traders requiring weekend flexibility. Alpha One suits intraday traders whose strategy naturally holds positions longer than 2 minutes. Alpha Three fits the narrow profile of traders wanting extensive validation.

The places where Alpha Capital is genuinely the wrong choice are structural: traders whose expected economics depend on scaling to 90-100% profit splits get worse total returns than at FTMO, FundingPips, or The5ers. Traders wanting a fee refund mechanic get zero on any Alpha Capital program. Fast scalpers with sub-2-minute holding periods hit the Alpha One 2-minute rule after crossing 6% profit.

The math that actually matters: Alpha Capital’s advantages compress to the platform choice and the dedicated Swing product. For traders whose infrastructure specifically requires MT5, cTrader, DXtrade, or particularly TradeLocker, no other major prop firm offers the same breadth. For traders whose expected tenure would take them into scaling tiers, the flat 80% split is a structural cap that competitors don’t impose. The single most valuable pre-purchase check is verifying that Alpha Pro’s weekend hold rule on Qualified doesn’t conflict with your actual funded-stage strategy.

✓ Bottom line

Verify your weekend holding needs on the funded stage before choosing between Alpha Pro and Alpha Swing — this is the most common Alpha Capital trap. Choose Alpha Pro 10% tier as the default if you close all positions before Friday close and want highest leverage. Choose Alpha Swing if weekend holding on Qualified is required, accepting the 1:30 leverage cap and lot size caps. Choose Alpha One only if your strategy naturally holds positions longer than 2 minutes. Skip Alpha Three unless you specifically want extensive 3-phase validation. For traders whose economics depend on scaling to higher profit splits, look at FTMO, FundingPips, or The5ers instead.

UK-based prop firm with the widest platform choice in the segment

Alpha Capital combines proprietary broker infrastructure with four evaluation formats and dedicated Swing product

Four programs covering standard 2-Step, dedicated Swing, faster 1-Step, and extensive 3-Step. Platform breadth including TradeLocker is unique in the segment. The right choice for traders whose infrastructure or strategy specifically requires Alpha Capital’s platform or Swing product.

Try Alpha Capital

ℹ Disclosure

Some of the prop firm links on this page are affiliate links. If you sign up through them, Yieldova receives a referral payment at no cost to you. This does not influence the analysis — the same conclusions apply whether you use the affiliate link or find the platform directly.

Frequently Asked Questions

Is Alpha Capital legitimate?

Yes. Alpha Capital Group is registered in the UK (Companies House 13719951) and operates continuously through its proprietary broker ACG Markets. The Trustpilot rating sits at 4.7/5 across 18,700+ reviews as of mid-2026. The firm is not FCA regulated — no FCA warning exists against Alpha Capital, but no license either — and Alpha Capital’s terms explicitly disclose that all trading occurs on simulated accounts with simulated funds. Legitimacy in the sense of “does Alpha Capital deliver the product it sells and pay traders who meet the criteria” is well established empirically. Note that similarly named unrelated firms do appear on FCA warning lists — verify you’re purchasing from alphacapitalgroup.uk specifically.

What’s the difference between Alpha Capital’s four programs?

Alpha Pro is the flagship 2-step (10%/5% targets available in 10%, 8%, and 6% tiers with corresponding daily loss adjustments) with static max drawdown, 1:100 leverage, and weekend holding NOT permitted on Qualified accounts. Alpha Swing is the 2-step swing variant (10%/5%) with static drawdown, 1:30 leverage, and weekend holding PERMITTED on Qualified. Alpha One is the 1-step (10% target) with trailing 6% max drawdown, the 2-minute rule after 6% profit, and mandatory on-demand payouts. Alpha Three is the 3-step (8%, 4%, 4% targets) with static 6% max drawdown — the strictest cumulative structure. All four deliver 80% flat profit split.

Does Alpha Capital refund the challenge fee?

No. Alpha Capital’s fees are non-refundable — all sales are final per the firm’s return policy. This differs from FTMO (2-Step fee refunded at first payout), FundingPips (1-Step and 2-Step refunded after 4th payout), and FundedNext (multiple refund mechanics). Alpha Capital does credit a 0.25% discretionary bonus of the initial account size on the 4th performance fee request, but this is a bonus mechanism rather than a fee refund.

What is Alpha Capital’s consistency rule?

The 40% best day rule applies only to on-demand payouts — no single trading day may contribute more than 40% of total profits generated during the payout period. It does NOT apply during evaluation, and does NOT apply to bi-weekly payouts on Alpha Pro or Alpha Three. The rule IS mandatory on Alpha One and Alpha Swing because on-demand is the only payout option on those programs. Additionally, on-demand payouts require a minimum 2% profit generated before eligibility.

What is the 2-minute rule on Alpha One?

Once cumulative profit on Alpha One passes 6% and the trailing drawdown floor locks, at least 50% of all profits from that point forward must come from trades held longer than 2 minutes. Below 6% profit the rule doesn’t apply. The rule exists as a consequence of the trailing drawdown mechanism — its practical effect is that fast scalping strategies become progressively constrained as the trailing floor advances. For traders whose typical holding period exceeds 2 minutes, the rule is rarely binding. For sub-2-minute scalpers, it’s a structural incompatibility.

Can I hold positions through weekends on Alpha Capital?

Depends on the program and stage. During evaluation, weekend holds are permitted across all programs. On the Qualified (funded) stage: Alpha One, Alpha Three, and Alpha Swing permit weekend holding. Alpha Pro does NOT — weekend holds on Qualified Pro accounts are a soft breach, and profits from weekend positions are removed (the account remains active if within max drawdown). This is the single most common Alpha Pro Qualified trap — traders who freely held weekend positions during evaluation and assume the same rules apply post-qualification.

What is Alpha Prime?

Alpha Prime is Alpha Capital’s invitation-only live-capital track for top performers. Alpha Prime accounts start with a $10,000 balance and scaling options, use a 30% daily loss limit (much higher than standard evaluation accounts), static drawdown, no consistency rules, and no news trading restrictions. Traders earn a 60% profit split with the option for a monthly salary. Top performers can receive increased salary and larger fund allocations, with the opportunity to work from Alpha Capital’s London trading floor. Alpha Prime is not part of the standard evaluation lineup — it’s a career progression path for traders who reach it through sustained Qualified account performance.

Should I choose Alpha Capital, FTMO, FundedNext, or FundingPips?

Alpha Capital wins on platform breadth (TradeLocker specifically) and dedicated Swing program. FTMO wins on operational track record and fee refund. FundedNext wins on the 15% evaluation profit share mechanic. FundingPips wins on Hot Seat 100% top-tier scaling and multi-asset positioning. For traders whose economics depend on eventual 90-100% profit splits, Alpha Capital’s flat 80% caps below all three competitors. For traders whose platform choice or Swing requirement specifically fits Alpha Capital, no direct alternative exists.

Looking at this as one of several prop firms? See the full prop firms pillar covering forex/CFD, futures and instant funding categories with honest framing on when prop firms make sense vs trading personal capital.

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Articles published under the Yieldova byline combine market data, primary sources, and hands-on trading experience. Every piece goes through the same standard: if we wouldn’t stake money on it, we don’t publish it.