Alpha Capital Review
Harpenden, England
Since Nov 2021
5 programmes · scaling to $2M
MT5 · cTrader · DXtrade · TradeLocker
One of the few prop firms with a real UK company behind it, a five-year operating history and a nine-figure payout claim. Trustpilot has withdrawn its rating and Forex Peace Army sits at 1.6 out of 5, so the paperwork is strong and the independent scoring is not.
Verified 25 Sep 2026 · re-checked every 30 days
Quick overview
- Markets: around 40 instruments across forex, indices and commodities. No stocks, no crypto
- Routes: Alpha One, Pro, Swing, Three and Direct, from $5,000 to $200,000
- Split: 80% on every programme, though the product page also advertises a 90% add-on its own rules pages do not mention
- Payouts: bi-weekly or on-demand, by Riseworks, Wise or bank transfer, no fee
- Scaling: balance rises 10% per 10% gained, to a $2,000,000 ceiling
- Company: Alpha Capital Group Limited, registered in England since November 2021
The programme menu is the most flexible in the category, and a company you can look up at Companies House puts it ahead of most firms at this price. Our score sits at 3.7 because the complaints here are about payout rules rather than challenge rules. The 40% best day test and the two-minute trade duration rule decide whether you get paid, and both are easier to fail by accident than on purpose.
Who you are buying from
Alpha Capital Group Limited is a real UK company, number 13719951, incorporated on 2 November 2021 and still active, with accounts filed to 31 March 2025 and three named owners. That is more than most prop firms will show you. The gaps are in what the registration covers.
- Registered under SIC 62090, information technology services, so nothing in the filings classifies it for financial services
- The broker arm, ACG Markets, is described as FSA regulated with no licence number or jurisdiction published. The UK has had no FSA since 2013, so this is not a UK permission
- Trustpilot has withdrawn the rating for a guideline breach and removed fake reviews, both shown on the profile banner
- Forex Peace Army sits at 1.6 out of 5, on a small sample, and those complaints are about payouts rather than execution
Several review sites still publish a 4.7 Trustpilot figure for Alpha Capital. That score no longer exists. The profile holds more than 21,000 reviews, 86% five star and 7% one star, but the average itself has been removed.
Five programmes, and who each one suits
| Programme | Target | Daily loss | Max loss | Min days | $100K fee |
|---|---|---|---|---|---|
| Alpha One | 10% | 4% | 6% trailing | 1 | $497 |
| Pro 10% | 10% then 5% | 5% | 10% static | 3 per phase | $497 |
| Pro 8% | 8% then 5% | 4% | 8% static | 3 per phase | $497 |
| Alpha Swing | 10% then 5% | 5% | 10% static | 3 per phase | $577 |
| Alpha Three | 8%, 4%, 4% | 4% | 6% static | 3 per phase | $397 |
- Swing if you hold overnight. The only route permitting weekend holding once qualified
- Pro 10% if you want room. The widest maximum here, and static means unrealised profit never drags it up behind you
- Alpha Three if price matters most. Slower at three phases, but $397 at $100K is the cheapest way through
- Alpha One only if you are genuinely intraday. One minimum day sounds fast until the 6% trailing floor follows your peak, and it locks only at 6% up
- Alpha Direct, the instant route, carries a 15% best day rule rather than 40%, much the tightest consistency test here
- Swing runs at 1:30 leverage, not the 1:100 quoted elsewhere, so position sizing changes with the programme
Will your payout actually clear?
Two tests gate an on-demand payout, and most refused requests fail the second. You need a minimum gross profit, and no single day may carry too much of the total.
Rules that catch people
- Average trade duration must exceed two minutes, and at least half your profit must come from trades held longer than that. This ends most scalping here
- Thirty days of inactivity deletes the account permanently, with no reactivation, so a break from trading costs you the fee
- Daily loss runs from 00:00 GMT+3 and counts unrealised losses, measured on some programmes from the higher of the day's starting balance or equity
- Group trading is prohibited and enforced by device ID, and copy trading needs proof of ownership and prior notice
- Weekend holding is not allowed on qualified Alpha Pro accounts, the detail swing traders miss when they buy Pro instead of Swing
- MT5 is closed to US residents and cTrader takes no new US customers, leaving DXtrade and TradeLocker
What traders report
The shape of those 21,000 reviews is unusual: 86% five star, 7% one star, almost nothing between. That split is the story.
What holds up across reports
- Support answers within the hour by email and live chat, and reviewers name individual staff rather than ticket numbers
- Approved payouts move fast, crypto inside an hour and bank transfers in one to five days, at no fee
- Scale is real. The firm reported $60M in performance fees during 2024 alone and now claims more than $100M in total
What goes wrong, in their words
- Payouts refused on disputed rule readings, including a $2,020 refusal put down to news trading with no matching news event
- Rules applied to trades that predate them, most cited an order spamming clause added to the FAQ days before it denied a qualified account
- Around 150 accounts blocked in June 2024 after 300 were linked to one device ID. The firm admitted some bans were wrong and said it would reinstate them
- Expert Advisor source code requested as a condition of funding
FAQ
Is Alpha Capital a scam?
No. A registered UK company since 2021, named owners, filed accounts and a payout figure in the tens of millions all argue against it. The fair criticism is narrower: payout decisions have been disputed, and some rules enforced against trades that predate them.
Is Alpha Capital regulated?
Not as a financial services firm. The UK company sits under an IT services classification, and ACG Markets is described as FSA regulated with no licence number or jurisdiction published. Treat it as an unregulated prop firm, which is normal for the category.
Why is the Trustpilot score gone?
Trustpilot withdrew the rating for a guideline breach and removed fake reviews. The reviews and the star split are still readable, the average is not. Any site quoting 4.7 stars is working from a cached figure.
What is the 40% best day rule?
On an on-demand payout your best single day cannot exceed 40% of total net profit. Multiply your best day by 2.5 to get the total you need. It does not apply to bi-weekly payouts, and Alpha Direct tightens it to 15%.
Can you actually get 90%?
Sources conflict. The product page advertises 80% rising to 90% through an add-on or on Alpha Direct, while the firm's own rules pages cap it at 80% and independent reviews agree. Confirm it on the checkout screen before paying.
Who should avoid it?
Scalpers, because of the two-minute duration rule. Anyone who trades in bursts and takes long breaks, because of the 30-day inactivity deletion. And anyone sharing a network or VPS, given how device ID enforcement has gone here before.
Verify this yourself
These are the sources behind this page. Check them before you spend money.
Who wrote this, and what we actually did
Trading since 2019 across forex and crypto. Lead on this page, since forex execution and firm communication are his side of the desk.
Trading since 2019, mainly futures. Handled the rule comparison across the five programmes and the payout eligibility maths.
Builds the comparison tools, calculators and firm database behind this review.
- Pulled the company number, incorporation date, SIC code and filing history from Companies House directly
- Read the Trustpilot profile as it stands today, including the platform banner and the current star split
- Took the best day rule thresholds from the firm's own help centre rather than from summary sites
- Compared all five programmes line by line on target, daily loss, maximum loss and minimum days
- Traced the June 2024 ban event to contemporaneous trade press reporting and the firm's own statement
- Discarded the 4.7 Trustpilot figure still widely quoted, because that score has been withdrawn
- We have not traded a qualified Alpha Capital account, so nothing here claims first-hand execution experience
- The $100M payout figure and the 20% pass rate are the firm's own numbers and we could not verify either independently
- ACG Markets does not publish a licence number or jurisdiction, so we have recorded its regulator as not published
- Sources conflict on whether a first bi-weekly payout needs three trading days or five, and on whether a 90% split exists at all
Risk note. Accounts here are simulated, so your trades mirror live markets but the capital is not the firm's own, though profits can still produce genuine payouts. An evaluation fee is a cost rather than an investment, and most buyers never reach a payout. Alpha Capital has a five-year operating history and filed UK accounts, which is a real credential, but the Trustpilot score has been withdrawn and payout decisions have been publicly disputed. Verified 25 September 2026, so re-check the rulebook and the checkout terms before buying. PropFirmPrime earns commission on some links, which never changes our score.
Compare before you buy
Similar forex focus, with an intact public review score.
A decade of history and no minimum trade duration rule.
Weekend holding on more plans, plus monthly payout reports.
Match the programme to how you hold
Swing if you hold overnight, Pro 10% if you want the widest static floor, Alpha Three if you want the cheapest route through. Buying the wrong one is the most expensive mistake here. Code PRIME at checkout.
Visit Alpha Capital