Alpha Capital Review – Prop Firms: Yes Or No?

Prop firms are nothing new on the market. Except that some of them do borrow funds from traders and then allow them to keep the profit, while others don’t. Today’s Alpha Capital review examines if this prop firm can really help prospective traders or just misuses their skills for their own benefit. 

Who Runs Alpha Capital?

Alpha Capital Group is a UK-based business established in November 2021. The company is legally registered in the UK and their owning/managing team comprises George Kohler, Andrew Blaylock, and Gerard Mcconnell. 

The company can be found in the register of UK companies. As a proprietary firm, they offer talented traders funding of up to $2,000,000 for a fair profit split. Naturally, traders first have to demonstrate that they’re indeed skilled enough to participate in the market and make lucrative decisions.

The company has established a proprietary brokerage – ACG Markets so the trading is done on their own trading server. Also, Alpha Academy is a systematic learning program to help traders start off.

Prop Firm Basics

Prop trading has its pros and cons, like any other form of online earning. In this concrete case, the biggest advantage to trading with the help of prop firms is that you do not need your own hefty capital. 

If you’re a promising Forex investor and have the skills to accumulate profit from trading, yet you do not have the capital, this might just be the solution for you. However, you won’t just have funds handed out to you without a few trials at first. 

In case you prove yourself skilled and knowledgeable enough, you can get funded with up to $200,000 and split at 80/20 the entire profit you make. 

Who Favors Alpha Capital

It’s been already discussed that Alpha Capital is a UK prop firm. Since the business is most active in their own jurisdiction, it is only natural to expect the majority of traders to be of UK origin. 

However, the company has been expanding their business successfully, and has gained clients from all over the world. A complete list of most active countries is as follows:

• United Kingdom
• United States
• South Africa
• India
• Nigeria 

Traders Say It Works

By all means, a large portion of traders who gave Alpha Capital a chance have nothing but words of praise for this firm. The TrustPilot page shows an overall score of 4.6/5 which is quite remarkable. Here’s a few of the reviews posted there:

“ACG is by far the great prop firm, and why is that ? Simply because you have access to the founders in the discord, every question that you have you get an answer and they are willing to help if that the case. Secondly their support is amazing always replying email fast. Keep an eye to his community because is going to skyrocket soon soon soon”

“Honestly speaking, My experience with Alpha Capital Group is so amazing. Fast service, their website is the best, no disturbing marketing ads from all over. Their support team is amazing, in less than 3 minutes I always get responses and positive help. Alpha Capital Group is the best prop firm so far. Very reliable service indeed.”

“During my experience with this company, it has been a very positive one. The account is excellent, with no commissions and very low spreads. The support is also very good. I highly recommend them. Thank you very much.”

Leverage, Spreads and Other Costs

Examining the trading costs and other parameters have given us some interesting overall information. ACG Markets platform enables leveraged trading under the 1:100 maximum ratio. 

Starting spreads on popular forex pairs are just 0.1 spreads, which is some of the most competitive values in the industry. On top of this lucrative offer, trading commissions aren’t charged.  

On the other hand we have anonymous companies like INVcenter that are never honest or transparent about their trading conditions. Alpha Capital is incomparably better in comparison to them. 

General Features

The first major benefit we noticed is that ACG Markets employs MT5 as their trading software. Although trading on a prestigious platform has its advantages, traders looking for more exotic instruments might find themselves having to trade with a limited choice of products. 

As for the account types, there’s several of them for both Demo phase and real-time trading. We’ll discuss them in detail further in this Alpha Capital review.

Main Trading Platform – MT5

It is already well known how powerful, fast, rich in features, yet fairly comprehensive MT5 is. The fact that it has taken the markets by storm and still rules the industry to this day is the biggest confirmation of its abilities and potential. 

This being the only terminal available at Alpha Capital might be seen as insufficient by some traders. However, you are allowed to copy trades from your MT4 or cTrader accounts! 

PrimoTrade is one faux platform that only has a rudimentary web trader to offer, so it is better for you to choose MT5.

Assets Don’t Suffice

Despite the magnificent trading conditions, the Alpha Capital range of tradable assets may not be as impressive. We’re sorry that some of the traders looking for other financial products may have to look for another place to trade. These are the available instruments sorted in subgroups:

• Forex (EUR/USD, EUR/CHF, USD/JPY, USD/GBP, AUD/NZD, USD/CAD)
• Commodities (Silver, Gold, UKOil, USOil)
• Indices (US500, GER30, UK100, JPN225, HK50)

Test Phases And Funded Accounts

Firstly, the evaluation phase has two parts which include different account types:

• Phase 1 Account – A trader has to reach a profit target of 8%, while managing not to lose more than 5% daily or 10% maximum. Trading has to last at least 3 days but the time limit for fulfilling the plan doesn’t exist.
• Phase 2 Account – Profit target is set at 5% with the same maximum daily and total loss limitations. As for the time, the rules from Phase 1 apply. 

After passing the test-stages, you can open a funded account with no profit requirements. Only the rules about maximum loss apply. Package purchasing fee is fully refundable.The account sizes with their prices are the following:

• $10,000 – $97
• $25,000 – $197
• $50,000 – $297
• $100,000 – $497
• $200,000 – $997

Alpha Academy

Every user who signs up with Alpha Capital has access to the so-called Alpha Academy – an educational program of sorts. The courses in the educational center are designed to help the very beginners but also professional traders. 

While novices can gain knowledge through being tutored about the basics of online price-speculating, professionals can level up their trading strategy with the help of automation of trading systems. 

Alpha Capital Withdrawals

Regular payouts for the profit accumulated on the funded accounts occurs once every two weeks. The platform doesn’t require a minimum withdrawal amount in order for you to cash in your profits. As previously mentioned, the profit split sits at 80-20. 

So far, none of the customers had any complaints considering the Alpha Capital withdrawals, processing time or support responsiveness concerning issues.

Highly Rated Support

One of the Alpha Capital services that users find exceptionally developed is certainly the customer support. You can always get in touch via email, online form or a phone line. 

However, Alpha Capital users report about being delighted with the dedication, diligence and patience that the website owners give to each separate user contacting them on Discord. The company has their own channel where traders can chat and also request help from the website owners personally!

Alpha Capital Summary

Capable traders that do not have enough funds to get out there and trade on the volatile Forex markets can do so with the help of Alpha Capital. However, not everyone has the necessary skills, so passing the test-phases is a must. 

Only after that can the traders open funded accounts and trade with the funds of Alpha Capital.

If you have had any experience with this firm, you’re free to share it with us. Also, if you happen to have an issue with the company, especially concerning withdrawals, you’re also welcome to ask for our help. We employ legal experts who can help you regain your investments quickly. 

FAQ Section