Alpha Capital Group Prop Firm Review [Overview]

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Revealing Alpha Capital Group’s Coupon Codes

For interested individuals, a discount code can be used. Enter ACGWIN during the checkout process to receive a price cut.

All About Alpha Capital Group Prop Firm

Established in London, Alpha Capital Group is a prop trading firm. It was set up in November 2021 by Andrew Blaylock and George Kohler and is legally recognized in the UK.

The Official Name of Alpha Capital Group Prop Firm

It’s Alpha Capital Group.

Where is Alpha Capital Group Prop Firm Located?

10 Lower Thames Street, Billingsgate, London, England, EC3R 6AF

Alpha Capital Group Prop Firm: The Year It Started

November 2021

Prop Firm Business Registration of Alpha Capital Group

Alpha Capital Group complies with the regulations of the United Kingdom, following the rules set by its authorities.

Executive Management at Alpha Capital Group Prop Firm

George Kohler and Andrew Blaylock

Community Feedback for Alpha Capital Group (March, 2024)

Alpha Capital Group has garnered a positive 4.6 Trustpilot score, reflecting the sentiment of 1,453 reviews. The feedback frequently commends the firm’s proficient customer service and the platform’s user-friendliness, though it also points to a need for a more diverse selection of trading assets.

Pros

The responsiveness and helpfulness of the support team are consistently praised by clients.
Positive mentions for personalized assistance from certain team members.
General satisfaction with receiving payouts, noting some minor delays.
The professionalism and patience in customer service are frequently lauded.
The trading platform is acclaimed for low spreads and fast transaction execution.
Zero commission accounts and competitive spreads on instruments like gold are highlighted as benefits.

Cons

Not suitable for beginners
Issues such as delays in phase changes and payout processes have been noted by some clients.
Instances of slow responses from the email support, despite efficient live chat service.
Reports of account closures or issues, particularly in scenarios involving significant profits.
Challenges and dissatisfaction with the KYC verification process.
Some clients have raised concerns about slippage and potential manipulation of price feeds.
Concerns over the firm’s transparency and fairness have been expressed by a few clients.

Platforms Used by Alpha Capital Group for Trading

Alpha Capital Group offers various trading platforms, each with its own unique set of features. TradeLocker, their signature platform, is prominent for its quick trade execution and advanced technological tools.

Alpha Capital Group Prop Firm: Instruments You Can Trade

A broad array of instruments is available for traders, catering to diverse trading styles and strategies.

Payment Options at Alpha Capital Group Prop Firm

Offering traditional credit card payments along with modern solutions like e-wallets and cryptocurrencies, Alpha Capital Group ensures a flexible and inclusive payment environment for its traders.

Account Size Options in Alpha Capital Group Prop Firm

Alpha Capital Group offers account sizes from $10K to $200K, providing options for traders based on their risk tolerance and capital availability. This range allows traders to start small and increase their account size as their confidence grows.

Understanding Profit Splits at Alpha Capital Group Prop Firm

Offering an 80% profit share, Alpha Capital Group allows traders to retain a major part of their earnings, encouraging them to pursue profitable trading strategies. This generous profit split fosters a sense of ownership and motivation among traders.

Alpha Capital Group’s Approach to Profit Targets

Traders have defined profit goals of 8% in the first stage and 5% in the second, offering distinct targets.

Drawdown Rules and Daily/Max Loss Policy at Alpha Capital Group

The firm implements a 5% maximum daily loss and a 10% total loss limit, encouraging traders to adopt careful and responsible trading strategies. This approach minimizes the risk of substantial losses and promotes sustainable trading habits.

Minimum and Maximum Trading Days at Alpha Capital Group

At Alpha Capital Group, traders engaged in phase 1 and phase 2 assessments must trade for a minimum of 3 days, while Qualified Analyst accounts require a 5-day minimum. For these assessments, there is no upper limit on the number of virtual trading days, whereas this does not apply to Qualified Analyst accounts.

Step Challenges Available at Alpha Capital Group Prop Firm

Challenges at Alpha Capital Group are structured in two phases, focusing on both assessing and enhancing trading skills.

Costs of Entry for Alpha Capital Group’s Challenges

Alpha Capital Group’s challenge fees start at $97 and go up to $997, offering a spectrum of pricing to accommodate diverse budgetary constraints. These varied price points ensure that traders of all levels can engage in challenges without financial strain.

Commissions and Fees at Alpha Capital Group Prop Firm

All accounts and challenge sizes at Alpha Capital Group benefit from a $0 commission structure. This policy is part of their approach to assess the effectiveness of traders’ virtual strategies and risk management without financial barriers. Traders can also participate in Free Monthly Trading Competitions.

Refund Options at Alpha Capital Group Prop Firm

Alpha Pro Assessments are non refundable.

Does Alpha Capital Group Offer a Free Trial?

Traders can take advantage of Alpha Capital Group’s free trial, which includes access to their state-of-the-art execution environment and advanced trading analytics.

This no-cost trial is complemented by their Free Monthly Trading Competitions, adding value for traders.

Payment Frequency at Alpha Capital Group

The firm facilitates a bi-monthly same-day payment system for performance fees.

Qualified virtual analysts associated with ACG Markets can withdraw their earnings every two weeks, with payments being processed immediately via bank transfer or Deel, providing quick financial access.

Alpha Capital Group FAQ

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/