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

Alpha Capital Group is a UK-based prop trading firm, operating since 2021, that routes trades through broker ACG Markets and offers 35 account configurations spanning $5,000 to $200,000 across four distinct evaluation paths. This review breaks down every program, the pricing and discount codes attached to each, and the drawdown and payout rules traders need to understand before funding an account.

Alpha Capital at a Glance

Alpha Capital Group operates out of the United Kingdom, running its funded accounts through broker ACG Markets with USD as the account currency. The firm's 35 account configurations cover four program types across seven account sizes, from $5,000 up to $200,000, giving traders a genuine choice in evaluation structure rather than a one-size-fits-all model.

Every program, regardless of size or steps, pays out an 80% profit split. Traders receive funds via bank transfer, Riseworks or Wise, and platform access spans cTrader, DXtrade, MT5 and TradeLocker. Asset coverage includes fx, metals, indices and other commodities, all traded as CFDs. Funding deposits into accounts can be made with credit/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. It carries the highest profit targets of the group (10% at every listed size) paired with more generous daily and max loss allowances relative to the target. On the $100,000 Alpha One account, the profit target is $10,000 (10%), daily loss is capped at $4,000 (4%), and max loss sits at $6,000 (6%). It's built for traders who want to clear the finish line in a single pass and are comfortable trading toward a bigger single target.

Alpha Pro is the 2-step evaluation, and it comes in three profit-target variants: 6%, 8% and 10%. This lets traders choose a tighter target with correspondingly tighter loss limits, or a looser target with more room to breathe. On a $50,000 account, for example, Alpha Pro 6% targets $3,000 profit with a $1,500 daily loss and $3,000 max loss, while Alpha Pro 10% on the same size targets $5,000 profit with $2,500 daily loss and $5,000 max loss. Same account size, three different risk-to-reward shapes.

Alpha Three is the 3-step evaluation, structured as an 8% profit target in the first phase (with 4% each for phases two and three per Alpha Capital's published Alpha Three rules), a static 6% max drawdown, and a 4% max daily drawdown. It carries a minimum of 3 trading days per phase. 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% profit target across all sizes, designed for traders who prefer holding positions longer rather than closing everything intraday. On a $100,000 Swing account, the target is $10,000 profit, with daily loss of $5,000 (5%) and max loss of $10,000 (10%).

Pricing and Discounts by Account Size

Entry-level $5,000 accounts start at $40 for Alpha Pro 6% and run up to $70 for the Swing account, before any discount is applied. At the $100,000 tier, prices range from $397 (Alpha Three) to $577 (shared by Swing and Alpha Pro 8%). At $200,000, the spread runs from $697 (Alpha Three) up to $1,097 (shared by Swing and Alpha Pro 8%).

Three coupon codes apply depending on the program: PFT gives 15% off Alpha Pro and Swing accounts, PFT1 gives 25% off Alpha One, and PFT3 gives 25% off Alpha Three. 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 $100,000 Alpha One account, the initial max drawdown floor sits at $94,000. As the balance climbs, the drawdown threshold trails upward with it, until the balance reaches $106,000, at which point the trailing drawdown locks permanently at the original $100,000 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%) 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% target and both the daily and max loss allowances widen to match. This proportional scaling means the risk-to-reward shape stays consistent no matter which Alpha Pro tier a trader selects.

Alpha Three runs a static 6% max drawdown (not trailing) 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 on FX, with lower leverage of 1:9 on metals and 1:10 on both indices and oil, and maximum lot exposure scales with account size, from 2.5 lots on a $5,000 account up to 80 lots on a $200,000 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% Best Day Rule and a minimum of 2% gross profit on the account balance.

The 40% Best Day Rule states that no single trading day can account for more than 40% of the total net profit generated since the last payout. If a trader's best day pushes above that 40% threshold, the account becomes ineligible for payout until additional profit is generated to bring the ratio back down. This is a consistency check, not a punishment for winning big on one trade; it simply means gains need to be spread across multiple sessions rather than concentrated in a single lucky day.

Beyond that, the mechanics are straightforward: minimum withdrawal is $100 gross profit, all open positions must be closed before a payout can be requested, 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% profit target without the same intraday pressure as tighter Alpha Pro variants.

The best fit overall is a trader who is comfortable operating under strict consistency rules. The 40% 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% 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. It costs nothing and requires no subscription, so there's 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% profit split and one broker relationship with ACG Markets. The tradeoff is that flexibility comes with real consistency requirements, particularly the 40% 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% of the total net profit generated since your last payout. If your best day exceeds that 40% share, the account becomes ineligible for on-demand payout until further profit is generated to bring the ratio 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 $100,000 Alpha One account, the initial max drawdown floor is $94,000. As the balance rises, the drawdown trails upward with the high-water mark until the balance reaches $106,000, at which point the drawdown locks permanently at the original $100,000 balance.

What is the minimum withdrawal amount at Alpha Capital?

The minimum withdrawal is $100 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, 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 $200,000, pays an 80% profit split.

Data as of 2026-07-30.

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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