Alpha Capital Group Prop Firm Review
Alpha Capital Group provides a range of trading challenges suitable for various experience levels and financial commitments. These challenges begin with a $10,000 option, costing $97, and scale up to a $200,000 option, priced at $997. Traders participating in these challenges retain an 80% share of the profits and are given a leverage option of 1:100.
Alpha Capital Group Prop Firm: Coupons
For those seeking savings, a promotional code is offered. Apply ACGWIN at the payment stage for a reduction in price.
A Closer Look at Alpha Capital Group Prop Firm
Alpha Capital Group, a proprietary trading firm, has its base in London. Founded in November 2021 by Andrew Blaylock and George Kohler, it is officially recorded in the UK’s business registry.
Legal Company Name of Alpha Capital Group
Alpha Capital Group
Official Company Address of Alpha Capital Group
10 Lower Thames Street, Billingsgate, London, England, EC3R 6AF.
Year of Company Registration
November 2021
Where is Alpha Capital Group Prop Firm Registered?
Adhering to the regulatory standards of the United Kingdom, Alpha Capital Group operates within the legal boundaries of its jurisdiction.
Executive Team at Alpha Capital Group Prop Firm
Andrew Blaylock and George Kohler
Alpha Capital Group Prop Firm’s Available Trading Platforms
Alpha Capital Group provides a variety of trading platforms, each featuring unique capabilities. Their platform, TradeLocker, is notable for its high-speed trading functionality and sophisticated tools.
Trading Instruments Offered at Alpha Capital Group Prop Firm
A broad array of instruments is available for traders, catering to diverse trading styles and strategies.
Payment Options at Alpha Capital Group Prop Firm
Alpha Capital Group accommodates a broad spectrum of payment methods, including conventional credit cards, innovative e-wallets, and cryptocurrency options, catering to the diverse preferences of modern traders.
Account Size Varieties at Alpha Capital Group Prop Firm
The firm offers accounts ranging in size from $10K to $200K, facilitating progressive trading growth.
Profit Share Dynamics in Alpha Capital Group Prop Firm
Traders at Alpha Capital Group receive an 80% share of their profits, which is a significant portion and incentivizes performance. This high profit share motivates traders to maximize their trading efficiency and success.
Profit Targets Across Challenges
The profit objectives are set at 8% for the initial phase and 5% for the subsequent phase, establishing clear targets for traders.
Max Daily/Total Loss and Drawdown Rules at Alpha Capital Group Prop Firm
Alpha Capital Group sets a maximum daily loss limit of 5% and an overall loss cap of 10%, fostering a disciplined trading environment. These limits help traders in managing risk and preventing significant financial setbacks.
Maximum/Minimum Trading Days Policy at Alpha Capital Group Prop Firm
The minimum requirement for virtual trading days is 3 days for both phase 1 and phase 2 assessments, and 5 days for those managing a Qualified Analyst account. On the other hand, there is no maximum limit for virtual trading days during the assessment phases, while it’s not applicable for Qualified Analyst accounts.
Challenges and Compliance at Alpha Capital Group Prop Firm
The challenge structure involves a one and two-step process aimed at evaluating and improving trading abilities.
Challenge Participation Fees
The pricing for challenges varies between $97 and $997 at Alpha Capital Group, providing options for traders across different financial backgrounds. This range of fees enables both new and experienced traders to find a suitable entry point.
Alpha Capital Group Prop Firm’s Fee and Commission Details
Alpha Capital Group offers $0 commission across all accounts and challenge sizes. They focus on evaluating traders’ virtual strategies, risk management, and performance, ensuring equal benefits for all with their zero commission accounts. Additionally, they host Free Monthly Trading Competitions.
Are Fees Refundable at Alpha Capital Group?
Alpha Pro Assessments are non refundable.
Does Alpha Capital Group Prop Firm Offer Free Trials?
Alpha Capital Group extends a free trial opportunity, allowing traders to experience their execution environment and market-leading dashboard & trading analytics without any cost. Additionally, they also host Free Monthly Trading Competitions, enhancing the trading experience.
Payout Intervals at Alpha Capital Group
Alpha Capital Group conducts bi-monthly same-day performance fee payments, allowing qualified virtual analysts to withdraw from their accounts every two weeks through ACG Markets. These payments are processed on the same day via bank transfer or Deel, ensuring timely access to earnings.
Breaking Down Alpha Capital Group Prop Firm’s Pros and Cons (According to Community Reviews)
Alpha Capital Group enjoys a favorable 4.6 Trustpilot rating based on 1,453 reviews, with feedback generally highlighting effective customer service and a user-friendly platform. However, there are suggestions to increase the variety of tradable assets.
Pros ✅
- Customers often compliment the support team for their helpful and prompt responses.
- There’s specific appreciation for personalized assistance from individual team members.
- Many clients express satisfaction with the payout process, despite occasional delays.
- The customer service is frequently described as both professional and patient.
- Traders value the platform for its advantageous trading conditions like low spreads and quick execution.
- The absence of commission fees and reasonable spreads on products such as gold are well-received.
Cons ⛔
- Some users report experiencing delays and issues with phase transitions and receiving payouts.
- There have been cases of slow email responses, contrasting with more efficient live chat support.
- Concerns have been raised about accounts being compromised or closed, especially in cases of high profits.
- The KYC process has caused dissatisfaction due to challenges and occasional rejections.
- Complaints include slippage and suspicions of manipulated price feeds.
- A minority of clients question the firm’s transparency and fairness in operations.
Alpha Capital Group FAQ Section
The FAQ section on their website answers common questions, providing clarity on their rules and procedures:
What are the rules for qualified traders? The rules on a Qualified Trader account closely mirror those during the Assessment stages. However, we recommend thoroughly reviewing the Qualified Trader Help Centre section for comprehensive guidance. It’s essential to understand that the same risk parameters apply to both Assessment and Qualified accounts. The only notable difference is the removal of the virtual profit target rule. Moreover, qualified trader accounts introduce a maximum lot exposure limit.
Which broker do we use? We exclusively use ACG Markets, a 3rd party FSA Regulated Brokerage. ACGMARKETS gives us the opportunity to provide you with a Simulated Institutional environment for your assessment with Alpha Capital Group. ACG MARKETS offering our traders an assessment environment which replicates:
- Extensive Institutional Trading Experience
- Prime or Prime Liquidity
- Ultra-low latency
- Targeted execution time of less than 30ms
Are there Commission Fees? At Alpha Capital Group we currently offer 2 account types. Standard Assessment and Raw assessment. You can select which one you require at Checkout. For our Standard Assessment, please note that there are no commission fees applicable to trades across all asset classes. For our RAW Assessment, a charge of $2.5 per lot will be incurred for each transaction in both directions. Please note; Indices are commission free across both account types.
What happens if I violate a rule? This depends on which rule you violate, some rules we classify as a soft breach, others are a hard breach and result in account failure, some rules if broken can result in a complete ban from our platform & funding. We recommend thoroughly reading through our help centre to ensure you understand the requirements and rules. Remember, real capital is at stake, if you are attempting to achieve funding of any level up to $200,000, it is imperative you take this seriously, and put the time in to understand the rules, objectives & requirements.
Free Monthly Trading Competition Rules Our Free monthly Trading competitions are to allow traders to:
- Compete against other traders in a free competition to win discounts, free accounts.
- Try our platform before proceeding to a funding evaluation.
We have implemented the below rules to keep a level playing field, these restrictions do NOT apply to Alpha Pro funding plans, ONLY the free monthly trading competition. Rule 1: No EA use. Rule 2: Lot size limit per trade
- 10 lots FX / XAUUSD / XAGUSD
- 30 lots max Oil / CFDs / Indices
To provide clarification: The maximum permissible exposure for FX & Metals is capped at 50 lots, which equates to the ability to maintain 5 positions with 10 lots each, whether on the same asset or across different assets simultaneously. Again, the maximum exposure allowable for Oil/CFDs/Indices stands at 150 lots. This translates to the capacity to uphold 5 positions, each comprising 30 lots, either on a singular asset or spanning multiple assets concurrently. Rule 3: Max number of open consecutive trades at any one time: 5 Rule 4: Max Daily Drawdown: 5% Rule 5: Max total Drawdown: 10% Rule 6: No taking advantage of unrealistic fills in the demo environment Rule 7: Free entry (1 entry per person) Rule 8: Max $$$ gain wins https://help.alphacapitalgroup.uk/en/
Contact:
https://www.instagram.com/alphacapitalgroupuk/
https://twitter.com/AlphaCapitalUK
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