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Alpha Capital
Alpha Capital At a Glance
- Legal entity: Alpha Capital Group Limited (UK)
- Sister broker: ACG Markets (Seychelles, FSA regulated since Nov 2023)
- Founded: November 2021
- Founders: George Kohler (Managing Director) & Andrew Blaylock (Co-Founder)
- Programs: Alpha Pro (2-step), Alpha One (1-step), Alpha Swing (2-step long-hold), plus Alpha Futures (sister firm)
- Evaluation paths: 1-step, 2-step, and 3-step available
- Account sizes: $5K, $10K, $25K, $50K, $100K, $200K (Alpha Pro scales to $300K individually; max $400K combined across all plans)
- Markets: Forex (majors/minors/exotics), Metals, Indices, Oil (all via virtual/simulated trading)
- Platforms: DX Trade, TradeLocker, Alpha Trader (launching 2025), MT5 (legacy)
- Performance fee split: 80% trader / 20% Alpha (on all plans)
- Leverage: Alpha Pro — FX 1:100, Metals 1:30, Indices 1:20, Oil 1:10. Alpha One — FX 1:30, Metals 1:9, Indices/Oil 1:10
- Drawdown type: Max Drawdown static; Daily Drawdown balance-based
- Payouts paid: $70M+ in performance fees (as of Oct 2024)
- Community: 1.2M+ registered traders, 100K+ monthly active analysts
- Payment methods: Nuvei (Visa / Mastercard / Apple Pay / Google Pay) or CoinPayments (crypto)
- Payout types: Bi-weekly or on-demand
- Trustpilot: 4.7/5 across 18,791+ reviews (“Excellent”, verified April 2026)
- Propfirmito rating: 4.7/5
- Discount: 30% OFF via Propfirmito referral link (
4PYET, verified April 2026)
Who Is Alpha Capital?
Alpha Capital Group Limited is a UK-based proprietary trading firm founded in November 2021 by George Kohler (Managing Director) and Andrew Blaylock (Co-Founder). The firm positions itself as a “trading ecosystem” built around a concept of the trader-as-analyst: you generate trading data and insights via simulated accounts, and Alpha pays discretionary performance fees tied to those insights.
Alpha Capital Group runs several sister entities under one group:
- Alpha Capital — the flagship Forex/CFD simulated prop firm (this page).
- Alpha Futures — futures-focused simulated prop firm launched Q3 2024.
- ACG Markets — the group’s regulated broker, licensed by the FSA Seychelles.
- Alpha Prime — invite-only tier for elite UK traders.
- Alpha Trader — proprietary trading platform launched Q1 2025 (with TradingView integration).
By October 2024 the group reported having paid out over $70 million in performance fees since inception. Current community stats (per the firm’s homepage): 1.2M+ registered traders, 100K+ monthly active analysts. A 4.7/5 Propfirmito score and an active Discord community round out the firm’s external signals.
Programs Offered: Alpha Pro vs Alpha One vs Alpha Swing
Alpha Capital offers three retail programs (plus Alpha Prime for invite-only elite). All end in a “Qualified Analyst” account paying an 80% performance-fee split.
| Feature | Alpha Pro | Alpha One | Alpha Swing |
|---|---|---|---|
| Evaluation | 2-step | 1-step | 2-step (long-hold) |
| Profit target | 8% / 10% (P1) + 5% (P2) | 10% (single phase) | 8% (P1) + 5% (P2) |
| Max Drawdown (static) | 8% or 10% | 6% | 10% |
| Max Daily Drawdown | 4% or 5% (balance-based) | 4% (balance-based) | 5% (balance-based) |
| Min trading days | 3 per phase | None (pass in 1 day) | 3 per phase |
| Max trading days | Unlimited | Unlimited | Unlimited |
| Leverage (FX) | 1:100 | 1:30 | 1:30 |
| Weekend holding | Phase 1/2: ✓ allowed. Qualified: ✗ | Mixed (see plan rules) | ✓ Yes (core feature — long-hold focus) |
| News trading | Allowed with 2-min blackout each side | Allowed with 2-min blackout | Allowed with 2-min blackout |
| Expert Advisors | ✗ Default No (opt-in variants exist) | ✗ Default No | ✗ Default No |
| Performance fee | 80% | 80% | 80% |
| Max allocation (combined) | $400K shared across Pro/One/Swing/Three | $400K (shared) | $400K (shared) |
| Best suited for | Day traders wanting higher leverage and flexibility | Quick passers who want no-time-limit 1-step | Swing traders needing weekend holds |
A 3-step variant also exists for selected account sizes. Alpha Prime is an invite-only tier for elite UK traders and is not displayed in public pricing.
Alpha Capital Pricing Matrix (Verified April 2026)
Pricing sourced directly from the live Alpha Capital product configurator. Prices shown are the one-time assessment fee, identical across platforms (DX Trade / TradeLocker / Alpha Trader). The Propfirmito referral link (4PYET) gives 30% OFF at checkout.
| Program | Size | List Price | With 30% OFF (Propfirmito) | Profit Target (P1/P2) | Max Drawdown | Max Daily DD | Min Trading Days | Fee |
|---|---|---|---|---|---|---|---|---|
| Alpha Pro (2-step 8%) | $5K | $40 | $28 | 8% / 5% | 8% | 4% | 3 | 80% |
| $10K | $80 | $56 | 8% / 5% | 8% | 4% | 3 | 80% | |
| $25K | $197 | $138 | 8% / 5% | 8% | 4% | 3 | 80% | |
| $50K | $297 | $208 | 8% / 5% | 8% | 4% | 3 | 80% | |
| $100K | $497 | $348 | 8% / 5% | 8% | 4% | 3 | 80% | |
| $200K | $997 | $698 | 8% / 5% | 8% | 4% | 3 | 80% | |
| Alpha One (1-step) | $5K | $50 | $35 | 10% (single) | 6% | 4% | N/A | 80% |
| $10K | $95 | $67 | 10% (single) | 6% | 4% | N/A | 80% | |
| $25K | $197 | $138 | 10% (single) | 6% | 4% | N/A | 80% | |
| $50K | $297 | $208 | 10% (single) | 6% | 4% | N/A | 80% | |
| $100K | $497 | $348 | 10% (single) | 6% | 4% | N/A | 80% | |
| $200K | $997 | $698 | 10% (single) | 6% | 4% | N/A | 80% | |
| Alpha Swing (2-step swing) | $25K | $237 | $166 | 8% / 5% | 10% | 5% | 3 | 80% |
| $50K | $357 | $250 | 8% / 5% | 10% | 5% | 3 | 80% | |
| $100K | $577 | $404 | 8% / 5% | 10% | 5% | 3 | 80% | |
| $200K | $1,157 | $810 | 8% / 5% | 10% | 5% | 3 | 80% |
Prices are indicative at list level; Alpha Capital runs promotions and platform-dependent variations. The Propfirmito 30% OFF via the 4PYET referral link is stackable with most seasonal promos. Reset fees (for failed Phase 1 / Phase 2) are charged separately.
Full, current pricing per step count (1/2/3) and per account size is built live in the Alpha Capital product configurator. Verified April 2026.
Trading Rules at a Glance
Trading Rules Matrix
| Rule | Status | Detail |
|---|---|---|
| Drawdown type | Static | Max drawdown is static (fixed % of starting balance), not trailing. Daily drawdown is balance-based (resets each day). |
| Min trading days | 0–3 | Alpha One: none (pass in 1 day possible). Alpha Pro / Swing: 3 per phase. |
| Max trading days | Unlimited | No time limit on assessment phases. |
| Weekend holding | Mixed | Phase 1/2 on Pro: ✓ allowed. Qualified Analyst on Pro: ✗. Swing: ✓ allowed (core feature). |
| News trading | Allowed with blackout | You may not execute new trades or close existing trades on targeted instruments during a 2-minute window before and after major news events. |
| Lot size limit | Per-account cap | Alpha Pro: $5K=2.5 lots, $10K=5, $25K=10, $50K=20, $100K=40, $200K=80, $300K=120. Exceeding the cap leads to performance-fee forfeiture (1st breach — partial; 2nd — account closure). |
| Expert Advisors (EAs) | ✗ Default off | EA usage must be opted in at checkout (separate plan variant). Default plans prohibit EAs. |
| Hedging / arbitrage / grid | ✗ Prohibited | Strategies exploiting simulated-market imperfections (latency, tick arbitrage, grid abuse) are banned. |
| Copy trading | Conditional | Between your own accounts: acceptable. Copying signals from a trader who is not you (paid or free): treated as third-party copying and restricted. |
| Daily risk limits | 4–5% | Calculated from the day’s starting balance. Resets at 00:00 GMT. |
| Max allocation | $400K combined | Total allocation across Pro + One + Swing + Three (any combo) capped at $400,000. |
| Inactivity | 30 days | After 30 days with no trades, account is flagged inactive and can be closed (Alpha’s Inactivity Policy). |
Trading Platforms & Data Providers
Platforms Matrix
| Platform | Type | Markets | Notes |
|---|---|---|---|
| DX Trade | Web + Mobile | FX, Metals, Indices, Oil | Default platform at checkout. Hosted at dxtrade.alphacapitalgroup.uk. |
| TradeLocker | Web + Mobile | FX, Metals, Indices, Oil | Modern interface, same product catalog. No platform upgrade fee. |
| Alpha Trader | Proprietary (launched 2025 Q1) | FX, Metals, Indices, Oil | In-house platform with TradingView integration and algorithmic tooling. |
| MetaTrader 5 | Desktop + Mobile | FX, Metals, Indices, Oil | Legacy option, still supported on some plans. Provided by ACG Markets (licensed broker sister entity). |
Data provision comes via ACG Markets (the group’s FSA Seychelles regulated broker). All trading is simulated unless you specifically elect a live brokerage account with ACG.
Approved Markets & Instruments
| Asset class | Typical instruments | Leverage (Pro) | Leverage (One) |
|---|---|---|---|
| Forex | Majors (EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD), minors, and exotics | 1:100 | 1:30 |
| Metals | XAU/USD (Gold), XAG/USD (Silver) and related pairs | 1:30 | 1:9 |
| Indices | US30, NAS100, SPX500, GER40, UK100, JPN225 and other major equity CFDs | 1:20 | 1:10 |
| Oil / Energy | WTI and Brent crude CFD contracts | 1:10 | 1:10 |
Full instrument list (with exact symbols and trading hours) is on the Alpha Capital Symbols page. Crypto and futures are NOT available under Alpha Capital — for those use the sister firm Alpha Futures.
Profit Split & Scaling
| Program | Analyst fee | Alpha fee | Scaling |
|---|---|---|---|
| Alpha Pro | 80% | 20% | Scale up to $300K individually; $400K combined (all plans). |
| Alpha One | 80% | 20% | Subject to $400K combined ceiling across all plans. |
| Alpha Swing | 80% | 20% | Subject to $400K combined ceiling. |
The 80% split is paid as a “performance fee on demand” or bi-weekly, chosen at checkout. The firm’s language uses “performance fee” rather than “profit split” for regulatory reasons (Alpha Capital classifies the business as an educational simulation under Alpha Capital Group Ltd UK).
Payout System
Payout Types
| Payout type | Frequency | Notes |
|---|---|---|
| On-demand | Any time after eligibility | Request when you want. Subject to minimum profitability thresholds. |
| Bi-weekly | Every 14 days | Scheduled automatic payout cycle. Often preferred by traders with consistent returns. |
Payment Methods (incoming and outgoing)
| Channel | Direction | Methods |
|---|---|---|
| Nuvei | Checkout (in) | Visa, Mastercard, Apple Pay, Google Pay |
| CoinPayments | Checkout (in) | Crypto (BTC, ETH, USDT, USDC and others) |
| Bank transfer | Payout (out) | Processed via ACG Markets infrastructure. Standard bank settlement times apply. |
| Crypto | Payout (out) | Available as a payout option (specific coins depend on trader region). |
KYC is required before your first payout. Processing times vary by payout method and destination.
Account Limits & Multiple Accounts
| Rule | Limit |
|---|---|
| Max allocation (individual plan) | Up to $300K on Alpha Pro |
| Max allocation (combined — Pro + One + Swing + Three) | $400,000 |
| Multiple accounts per trader | ✓ Yes, up to the combined allocation ceiling |
| Copy trading across own accounts | Acceptable within house rules |
| Third-party signal copying | ✗ Restricted |
Refund & Chargeback Policy
| Scenario | Outcome |
|---|---|
| Refund request before first trade | Evaluated case-by-case per Return Policy. Contact support@alphacapitalgroup.uk. |
| Refund request after trading activity | ✗ Typically not granted. |
| Crypto payment | Generally non-refundable (AML restriction). |
| Chargeback (card dispute) | ✗ Account terminated; pending performance fees forfeited. |
Inactivity Policy
| Scenario | Outcome |
|---|---|
| No trading for 30 days | Account flagged inactive, may be closed. No refund after deactivation. |
| Keeping the account active | Place at least one trade within any 30-day window. |
| Max assessment duration | No time limit on assessment phases (Pro / One / Swing). |
Source: Alpha Capital Help Center — Inactivity.
Restricted Countries (23 Total)
Alpha Capital Group is available in 150+ countries but does not provide services to citizens or residents of the following jurisdictions. Source: Alpha Capital Help Center — Countries with Limitations, verified April 2026.
- Afghanistan
- Belarus
- Burundi
- Central African Republic
- Chad
- Cuba
- Democratic Republic of the Congo
- Eritrea
- Iran
- Iraq
- Libya
- Myanmar
- North Korea
- Region of Crimea
- Republic of Congo
- Russia
- Somalia
- South Sudan
- Sudan
- Syria
- Venezuela
- Vietnam
- Yemen
Additional Sanctioned Areas of Ukraine
The following Ukrainian regions are sanctioned and therefore also restricted:
- Donetsk
- Luhansk
- Crimea
- Kherson
- Zaporizhzhia
Legal Entity & Regulation
| Operating entity | Alpha Capital Group Limited (United Kingdom) |
| Sister broker | ACG Markets (Seychelles) |
| Broker regulation | ✓ FSA Seychelles authorisation (Nov 2023) |
| Product classification | Educational / simulated trading (virtual capital only on the Alpha Capital brand). Regulated live trading is offered under ACG Markets as a separate path. |
| Founders | George Kohler (Managing Director), Andrew “Drew” Blaylock (Co-Founder) |
| Key leadership | Jonathan “Planty” (Chief Market Analyst), Alexander “Alex” (Head of BizDev), Danny (CMO) |
Community & Support
| Community | 1.2M+ registered traders, 100K+ monthly active analysts |
| Discord | Active Discord server (link via in-dashboard community) |
| Trustpilot | 4.7 / 5 from 18,791+ reviews |
| Help center | help.alphacapitalgroup.uk |
| Support email | support@alphacapitalgroup.uk |
| Business hours | Mon–Fri, 8am–8pm (GMT) |
| Blog | alphacapitalgroup.uk/blog (weekly market analysis) |
| Trader leaderboard | Public leaderboard of top-performing analysts |
| Languages | English (primary), Czech, French, German, Portuguese, Spanish (site localisation) |
Frequently Asked Questions About Alpha Capital
All 22 questions below are sourced from the Alpha Capital Help Center, Product configurator, and About page (verified April 2026).
What is Alpha Capital and how does it work?
Alpha Capital Group is a UK-based proprietary trading firm founded in 2021 by George Kohler and Andrew Blaylock. You pay a one-time assessment fee, trade a simulated account to hit a profit target, and on passing become a “Qualified Analyst” with an 80% performance-fee split. Markets: Forex, Metals, Indices, Oil. Sister entities include Alpha Futures, ACG Markets (regulated broker), Alpha Prime, and Alpha Trader.
What programs does Alpha Capital offer?
Three main public programs: Alpha Pro (2-step, 8%/10% targets, higher leverage), Alpha One (1-step, 10% target, no minimum days), and Alpha Swing (2-step with weekend holding for long-hold strategies). A 3-step variant and invite-only Alpha Prime tier also exist.
What’s the difference between Alpha Pro, Alpha One and Alpha Swing?
Alpha Pro: 2-step, FX leverage 1:100, 8% / 10% target variants, 4–5% daily DD. Alpha One: 1-step, FX leverage 1:30, 10% target (pass in 1 day), 6% max DD, 4% daily DD, no minimum trading days. Alpha Swing: 2-step with long-hold focus, weekend holding permitted, higher drawdown tolerance.
How much does an Alpha Capital challenge cost?
Public list prices (Alpha Pro 2-step): $40 ($5K), $80 ($10K), $197 ($25K), $297 ($50K), $497 ($100K), $997 ($200K). Alpha Swing is pricier (e.g. $577 for $100K). Propfirmito’s referral link gives 30% OFF at checkout.
What is the profit target and drawdown?
Alpha Pro 8% variant: Phase 1 target 8%, Phase 2 target 5%, 8% static max drawdown, 4% daily drawdown (balance-based). Alpha Pro 10% variant: 10%/5% targets, 10% max DD, 5% daily DD. Alpha One: 10% single-phase target, 6% max DD, 4% daily DD. Swing: 8%/5% with 10% max DD and 5% daily DD.
How many trading days do I need?
Alpha One: zero minimum — pass in 1 day if you hit target. Alpha Pro: 3 minimum trading days per phase. Alpha Swing: 3 minimum per phase. No maximum trading days on any plan.
What is the performance fee split?
80% to the Analyst, 20% to Alpha Capital on all retail plans (Pro, One, Swing). Alpha Prime terms are individually negotiated.
Is weekend holding allowed?
Phase 1/2 on Alpha Pro: yes. Qualified Analyst on Pro: no. Alpha Swing: yes (weekend holding is a core feature of Swing).
Is news trading allowed?
Yes, with a 2-minute blackout on each side of major news events on targeted instruments. You cannot open new trades or close existing ones on the targeted instrument within the —and+ 2-minute window around the announcement.
Are Expert Advisors and bots allowed?
Default plans prohibit EAs. You must opt in to an EA-enabled variant at checkout. Latency arbitrage, grid schemes, and simulated-market exploit strategies remain prohibited on ALL plans.
Is copy trading allowed?
Copying between your own accounts is acceptable within house rules. Third-party signal copying (paid or free, from any trader other than yourself) is restricted.
What is the maximum allocation I can hold?
Alpha Pro scales individually up to $300,000. Combined across Pro + One + Swing + Three, the maximum allocation is $400,000.
What is the lot-size limit?
Alpha Pro lot-size caps per account size: $5K=2.5, $10K=5, $25K=10, $50K=20, $100K=40, $200K=80, $300K=120. First breach: performance-fee forfeited on those positions. Second breach: account closure.
What is the leverage?
Alpha Pro: FX 1:100, Metals 1:30, Indices 1:20, Oil 1:10. Alpha One: FX 1:30, Metals 1:9, Indices 1:10, Oil 1:10.
What platforms does Alpha Capital support?
DX Trade, TradeLocker, Alpha Trader (the group’s in-house platform launched Q1 2025 with TradingView integration), and MT5 (legacy / some plans).
What markets can I trade?
Forex (majors, minors, exotics), Metals (Gold/Silver pairs), Indices (US30, NAS100, SPX500, GER40 etc.) and Oil (WTI/Brent). Crypto and Futures are NOT on Alpha Capital — the sister firm Alpha Futures covers futures.
How do I request a payout?
Choose on-demand or bi-weekly at checkout. After eligibility on a Qualified Analyst account, submit from your dashboard. KYC is required before first payout. Performance fees paid to bank transfer or crypto depending on your region.
How long does it take to get paid?
Processing varies by method and destination. On-demand payouts are typically faster than bi-weekly cycles. Bank transfers follow standard settlement windows; crypto disbursements are usually same-day once processed.
What is the refund policy?
Refunds are considered case-by-case per the Return Policy, generally only before any trading activity on the account. Crypto payments are non-refundable. Chargebacks trigger account closure and forfeited fees.
What happens if I stop trading?
After 30 days with no trades, the account is flagged inactive and may be closed with no refund. To keep an account active, place at least one trade within any 30-day window.
Is Alpha Capital regulated?
Alpha Capital Group Limited itself operates an educational simulation (virtual capital only) and is not regulated as a broker-dealer. The sister entity ACG Markets IS regulated — licensed by the FSA Seychelles since November 2023 — and provides the regulated live-trading path if you choose it.
How do I contact Alpha Capital support?
Email support@alphacapitalgroup.uk, use the in-dashboard chat, or visit the Alpha Capital Help Center. Support is available Mon–Fri, 8am–8pm GMT.
Propfirmito’s Verdict on Alpha Capital
Propfirmito rating: 4.7/5. Alpha Capital is one of the most established UK-based prop firms and the only public retail firm with a directly regulated sister broker (ACG Markets, FSA Seychelles). Solid score across our four core factors.
- Payout Reliability (30% weight): 4.7/5 — $70M+ paid in performance fees (through Oct 2024), on-demand and bi-weekly options, bank transfer or crypto. Regulated sister broker ACG Markets adds an independent compliance signal. Slight deduction for historical processing-time complaints on high-volume weeks.
- Challenge Cost-Effectiveness (25% weight): 4.8/5 — $40 for $5K Alpha Pro (before discount), $28 with Propfirmito’s 30% OFF. Pricing ladder covers everything from $5K entry-level up to $200K institutional-scale. Good value per dollar of simulated capital.
- Rules & Flexibility (25% weight): 4.6/5 — Three public plans with genuinely different structures (1-step / 2-step / Swing with weekend holds). High FX leverage (1:100 on Pro) and no time limit on assessment. Slight deduction for default EA prohibition and strict lot-size caps with hard breach consequences.
- Support Quality (20% weight): 4.7/5 — Active Help Center, weekly blog, Mon–Fri 8am–8pm GMT chat, large Discord community, public trader leaderboard. Multi-language site (EN, CZ, FR, DE, PT, ES).
Best For
- UK and European Forex/Metals/Indices traders looking for a regulated-broker-backed prop firm
- Day traders wanting high FX leverage (1:100 on Alpha Pro)
- Traders wanting a 1-step no-time-limit pass (Alpha One)
- Swing traders needing weekend-holding flexibility (Alpha Swing)
- Entry-level capital: $5K assessments at $40–$50 let you dip in before scaling up
- Traders who value vendor continuity — Alpha has been operating since 2021 with an active group expansion roadmap
Not Ideal For
- Crypto traders (Alpha Capital does not list crypto instruments — try sister firms or another provider)
- Futures-first traders (use sister firm Alpha Futures instead)
- Traders who rely on EAs / algorithmic strategies by default (opt-in variants exist but aren’t default)
- High-frequency scalping / latency arbitrage (prohibited)
- Traders who need overnight/weekend holding on the Qualified Analyst stage of Alpha Pro (only Swing permits this)
- Traders expecting instant-funding without evaluation (no instant-funded option currently)
All data on this page is sourced from Alpha Capital’s official website (alphacapitalgroup.uk, help.alphacapitalgroup.uk) as of April 2026. Last verified via live scrape + configurator test by Propfirmito: April 19, 2026. For how we rate prop firms, see our methodology. To claim the 30% discount and sign up, see our Alpha Capital offer page. To compare Alpha against other UK/European prop firms, see our best offers page.