Alpha Capital Review: Accounts, Pricing, Payouts and Rules Explained

Alpha Capital Group is a UK-based prop trading firm, operating since 2021^[4], that routes trades through broker ACG Markets^[4] and offers 35 account configurations from $5,000 to $200^[4],000 across four evaluation paths. This review walks through every program, the pricing and discount codes attached to each, and the drawdown and payout mechanics traders need to understand before committing money to an evaluation.

Alpha Capital at a Glance

Alpha Capital Group operates out of the United Kingdom^[4], running its funded accounts through broker ACG Markets^[4] with USD^[4] as the account currency. The firm's 35 account configurations span four program types across seven account sizes, from $5,000 up to $200^[4],000, which gives traders real choice in evaluation structure rather than a single fixed path.

Every program, regardless of size or number of steps, pays an 80^[4]% profit split. Traders receive funds via bank transfer, Riseworks or Wise. Platform access spans cTrader, DXtrade, MT5 and TradeLocker, and asset coverage includes fx, metals, indices and other commodities, all traded as CFDs. Funding deposits can be made with credit or debit card, crypto, or PayPal.

The Four Evaluation Programs

Alpha Capital's core differentiator is choice: traders pick between one, two or three evaluation phases, and within the two-step Alpha Pro line, between three different profit-target tiers.

Alpha One is the 1-step evaluation. Every listed size carries a 10^[4]% profit target, paired with a daily loss allowance and max loss allowance sized to match. On the $10^[4]0^[4][2],000 Alpha One account, the profit target is $10^[4],000 (10^[4]%)^[4], daily loss is capped at $4,000 (4%)^[4], and max loss sits at $6,000 (6%)^[4]. It suits traders who want to clear the evaluation in a single pass rather than string together multiple phases.

Alpha Pro is the 2-step evaluation, offered in three profit-target variants: 6%, 8% and 10^[4]%. This lets traders choose a tighter target with correspondingly tighter loss limits, or a looser target with more room to work. On a $50^[4],000 account, Alpha Pro 6% targets $3,000 profit with a $1,50^[4]0 daily loss and $3,000 max loss, while Alpha Pro 10^[4]% on the same size targets $5,000 profit with $2,50^[4]0 daily loss and $5,000 max loss. Same account size, three different risk-to-reward shapes.

Alpha Three is the 3-step evaluation. Phase 1 carries an 8% profit target, with 4% required in each of phases 2 and 3. Max drawdown is static at 6% and max daily drawdown is 4%, calculated over the highest end-of-day balance or equity, whichever is greater. Each phase requires a minimum of 3 trading days. This is the path for traders who want to prove consistency across more legs before scaling into a funded account.

Swing is a 2-step evaluation with a 10^[4]% profit target across all sizes, aimed at traders who prefer holding positions longer rather than closing everything intraday. On a $10^[4]0^[4][2],000 Swing account, the target is $10^[4],000 profit, with daily loss of $5,000 (5%)^[4] and max loss of $10^[4],000 (10^[4]%)^[4].

Pricing and Discounts by Account Size

Entry-level $5,000 accounts start at $40^[4] for Alpha Pro 6% and run up to $77^[4] for Alpha Pro 8%, before any discount is applied. At the $10^[4]0^[4][2],000 tier, prices range from $397^[4][4] (Alpha Three) to $577^[4][4] (shared by Swing and Alpha Pro 8%). At $200^[4],000, the spread runs from $697^[4][4] (Alpha Three) up to $1,097^[4] (shared by Swing and Alpha Pro 8%).

Three coupon codes apply depending on the program: PFT^[4] gives 15^[4]% off Alpha Pro and Swing accounts, PFT^[4]1^[4] gives 25^[4]% off Alpha One, and PFT^[4]3^[4] gives 25^[4]% off Alpha Three. These are database-listed codes, not confirmation that the discount is currently live, so check the checkout screen before you pay. You can browse the full account lineup and apply a code directly through Alpha Capital's signup page.

Drawdown and Risk Rules Explained

Alpha One uses a trailing max drawdown tied to the account's high-water mark rather than a fixed floor. On a $10^[4]0^[4][2],000 Alpha One account, the initial max drawdown floor is $94,000^[1]. As the balance climbs, the drawdown threshold trails upward with it. If the account reaches $10^[4]2,000^[1], the new max drawdown resets to $96,000^[1], and this process continues until the balance hits $10^[4]6,000^[1], at which point the trailing drawdown locks permanently at the original $10^[4]0^[4][2],000 balance and stops moving further. Daily loss on Alpha One is calculated against the highest end-of-day balance or equity, whichever figure is greater, so a strong intraday gain that gets given back can still count against the daily limit even if the closing balance looks fine.

Alpha Pro's three variants (6%, 8% and 10^[4]%) scale daily loss and max loss proportionally to whichever profit-target tier is chosen. Pick the tighter 6% target and you get a tighter 3% daily loss and 6% max loss ceiling; opt for the 10^[4]% target and both allowances widen to match. This proportional scaling keeps the risk-to-reward shape consistent no matter which Alpha Pro tier a trader selects.

Alpha Three runs a static 6% max drawdown alongside a 4% max daily drawdown, calculated the same way as Alpha One, using the highest end-of-day balance or equity. Leverage on Alpha Three runs up to 1:50^[4] on FX, with lower leverage of 1:9 on metals and 1:10^[4] on both indices and oil. Maximum lot exposure also scales with account size on the Alpha Three plan, from 2.5 lots on a $5,000 account up to 80^[4] lots on a $200^[4],000 account. Alpha Capital enforces this with a two-strike procedure at the withdrawal stage: a first violation forfeits the performance fee earned on the excess lot size, and a second violation forfeits the performance fee entirely and deactivates the account.

Payout Process and the 40% Best Day Rule

Alpha Capital splits payouts into two paths. Bi-weekly payouts are available on eligible Alpha Pro and Alpha Three funded accounts, and can be requested every 14 days starting from the first trade placed on the account. On-demand payouts, available across programs, require compliance with the 40^[4]%^[3] Best Day Rule plus a minimum of 2%^[3] gross profit on the account balance, and all open positions must be closed before requesting.

The 40^[4]%^[3] Best Day Rule states that no single trading day can account for more than 40^[4]%^[3] of the total net profit generated since the last payout. If the consistency score reaches 40^[4]%^[3] or higher, the account is not eligible for payout until additional profit is generated to bring the ratio back down. This is a consistency check rather than a penalty for a winning trade; it simply means gains need to be spread across sessions rather than concentrated in one day.

Beyond that, the mechanics are straightforward: minimum withdrawal is $10^[4]0^[4][2] gross profit, and payout reviews are generally processed within 2 business days.

Trading Behavior and Account Restrictions

Accounts are temporarily locked during payout processing and reactivated once the balance adjustment is complete, so traders should expect a short pause in activity around each withdrawal. Alpha Capital reviews trading behavior at the point of each payout request, and payouts can be denied for gambling-style trading, excessive risk exposure, high-frequency or latency arbitrage strategies, group hedging, prohibited copy trading, or unrealistic all-or-nothing trading behavior.

Any profits generated through rule violations or prohibited trading behavior may be removed during that review. Traders scaling up account size or lot exposure should understand this review policy upfront rather than discovering it at withdrawal time.

Who Alpha Capital Suits Best

Alpha Capital works well for traders who want the flexibility of choosing between 1-step, 2-step and 3-step evaluation paths under a single firm, rather than being locked into one structure. Swing traders in particular benefit from the dedicated Swing program, which is built around a 10^[4]% profit target without the tighter loss ceilings attached to some Alpha Pro variants.

The best fit overall is a trader comfortable operating under strict consistency rules. The 40^[4]%^[3] Best Day Rule rewards steady, repeatable performance over a single explosive session, which suits methodical traders more than those chasing one big swing trade to hit a target and cash out.

Building the Skills to Pass Before You Buy

The 40^[4]%^[3] Best Day Rule and the daily loss limits across every Alpha Capital program both punish the same thing: erratic, all-or-nothing trading. A trader who nails one enormous day and then goes quiet risks tripping the Best Day Rule at payout time, even with a healthy account balance. What actually works within these rules is steady, risk-managed trading spread across sessions, which is a discipline problem as much as a strategy problem.

That's where preparation before funding matters. Chart Academy offers free video masterclasses covering risk management and trading psychology, taught by professional traders with verified track records, which directly supports the kind of consistent execution Alpha Capital's payout structure is built to reward. Access costs nothing and requires no subscription, so there is no reason not to shore up the fundamentals before paying for an evaluation attempt.

Verdict

Alpha Capital Group gives traders genuine structural choice: a 1-step path in Alpha One, three risk tiers within Alpha Pro, a 3-step option in Alpha Three, and a dedicated Swing account for longer holds, all under one 80^[4]% profit split and one broker relationship with ACG Markets^[4]. The tradeoff is that flexibility comes with real consistency requirements, particularly the 40^[4]%^[3] Best Day Rule on on-demand payouts, which will frustrate traders looking for a quick single-session windfall. For traders who trade steadily and understand the drawdown mechanics, especially Alpha One's trailing high-water-mark drawdown, this is a well-organized lineup worth evaluating against other firms on your shortlist.

Frequently asked questions

What is the 40% Best Day Rule at Alpha Capital?

It states that no single trading day can account for more than 40^[4]%^[3] of the total net profit generated since your last payout. If your consistency score reaches 40^[4]%^[3] or higher, the account becomes ineligible for on-demand payout until additional profit is generated to bring the ratio back down.

How many evaluation steps does each Alpha Capital program require?

Alpha One is a 1-step evaluation, Alpha Pro and Swing are both 2-step evaluations, and Alpha Three is a 3-step evaluation.

How does the trailing drawdown work on Alpha One?

On a $10^[4]0^[4][2],000 Alpha One account, the initial max drawdown floor is $94,000^[1]. As the balance rises, the drawdown trails upward with the high-water mark, for example resetting to $96,000^[1] if the balance reaches $10^[4]2,000^[1], until the balance hits $10^[4]6,000^[1], at which point the drawdown locks permanently at the original $10^[4]0^[4][2],000 balance.

What is the minimum withdrawal amount at Alpha Capital?

The minimum withdrawal is $10^[4]0^[4][2] gross profit. All open positions must be closed before requesting a payout, and reviews are generally processed within 2 business days.

Which broker and platforms does Alpha Capital use?

Alpha Capital routes trades through broker ACG Markets^[4], and traders can use cTrader, DXtrade, MT5 or TradeLocker across fx, metals, indices and other commodities.

What profit split does Alpha Capital offer?

Every program, at every account size from $5,000 to $200^[4],000, pays an 80^[4]% profit split.

Data as of 2026-08-28.

Risk disclaimer: Trading carries a substantial risk of loss and is not suitable for everyone. Prop-firm evaluations charge fees and most traders do not pass. Nothing here is financial advice; figures can change, so verify current terms with the firm before purchasing.

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