HQ United Kingdom
Alpha Capital Review 2026
Alpha Capital is a UK-based forex prop firm, selling challenges for 4 years, rated 4.3/5 by our formula (#3 of 90) and 4.6/5 on Trustpilot from 21,783 reviews. It is best for traders who want a static (non-trailing) drawdown and skipping the evaluation with an instant account; skip it if you live in Vietnam. We list 1 warning about it below.
- Trader reviews
- 65
- Price per $10K
- 77
- Rules & drawdown
- 73
- Payouts & split
- 90
- Track record
- 82
- Platforms & programs
- 100
Best for traders who want a static (non-trailing) drawdown; skipping the evaluation with an instant account; frequent (daily) payout requests.
Skip if you live in Vietnam.
⚠ Warnings we found
- Trustpilot shows a warning that it detected and removed fake reviews on this company's profile (checked 2026-09-29)
Listed as found on September 29, 2026. These are facts from public sources, not a legal finding. Firms with open warnings are excluded from our beginner and most-established lists.
Score breakdown
Alpha Capital scores highest on platforms & programs and payouts & split, and lowest on trader reviews.
It ranks #3 of the 90 firms we track and #2 of 55 forex firms.
Price vs the forex market
Alpha Capital's median price per $10K of funding is $53.70, cheaper than 85% of forex firms. The cheapest single account costs $27.
Alpha Capital challenges and prices
Price by account size
$100K 2-Step: targets and limits
| Account | Program | Price | Target | Daily | Max | Drawdown | Split |
|---|---|---|---|---|---|---|---|
| $3K | InstantAlpha Direct - Instant Funding | $30 | None | 3% | 5% | Trailing (balance) | 80% |
| $5K | 2-StepAlpha Pro 6% - 2-Step 5K | $27 | 6% / 6% | 3% | 6% | Static | 80% |
| $5K | 2-StepAlpha Pro 10% - 2-Step 5K | $33 | 10% / 5% | 5% | 10% | Static | 80% |
| $5K | 1-StepAlpha One 6% - 1-Step 5K | $37 | 6% | 3% | 4% | Trailing (balance) | 80% |
| $5K | 2-StepAlpha Pro 8% - 2-Step 5K | $37 | 8% / 5% | 4% | 8% | Static | 80% |
| $5K | 1-StepAlpha One - 1-Step 5K | $47 | 10% | 4% | 6% | Trailing (balance) | 80% |
| $5K | 1-StepAlpha One 12% - 1-Step 5K | $57 | 12% | 5% | 8% | Trailing (balance) | 80% |
| $5K | InstantAlpha Direct - Instant Funding | $67 | None | 3% | 5% | Trailing (balance) | 80% |
| $5K | 2-StepAlpha Swing - 2-Step 5K | $70 | 10% / 5% | 5% | 10% | Static | 80% |
| $10K | 1-StepAlpha One 12% - 1-Step 10K | $40 | 12% | 5% | 8% | Trailing (balance) | 80% |
Showing 10 of 48 accounts.
Alpha Capital rules
- Daily loss limit
- 3–5%
- Maximum loss
- 4–10%
- Drawdown model
- Static and Trailing (balance)
- Profit target (phase 1)
- 6–12%
- Minimum trading days
- 1–3
- Consistency rule
- Applies
- Profit split
- 80%
- Payout frequency
- from daily
Across its 48 accounts, Alpha Capital uses static, trailing (balance) drawdown. 50% of accounts have a static maximum loss. The shortest minimum-trading-days requirement is 1.
Rules are taken from the firm's published terms and change often. Always confirm on the firm's site before buying.
| Asset | Instant | 1-Step | 2-Step |
|---|---|---|---|
| Indices | — | 10 | 20 |
| FX | — | 30 | 100 |
| Metals | — | 9 | 30 |
| Energy | — | 10 | 10 |
Maximum leverage by asset and program.
| Asset | Commission |
|---|---|
| FX | Raw: $5 | Standard: $0 |
| Metals | Raw: $5 | Standard: $0 |
Payouts and payments
Pay for a challenge
Receive payouts
Payout cycle
Requests from daily; split up to 80%.
Verified payout data from traders will appear here once our payout tracker launches.
Where Alpha Capital is available
Alpha Capital restricts 24 countries. Of the 20 markets we cover in detail, it accepts traders from 19 and blocks Vietnam.
Vietnam ✕All restricted countries (24)
Afghanistan
Belarus
Burundi
Central African Republic
Chad
Crimea (Region of Ukraine)
Cuba
Democratic Republic of the Congo (Congo Free State)
Eritrea
Iran
Iraq
Libya
Myanmar (Burma)
North KoreaRegions of Ukraine: Crimea, Donetsk, and Luhansk
Republic of the Congo (Congo Brazzaville)
Russia
Somalia
South Sudan
Sudan
Syria
VenezuelaVietnam
YemenPlatforms and markets
Platforms
Markets
What traders say about Alpha Capital: real reviews and rating
- Replies to negative reviews
- 51.4% of 490
- Average reply time
- 7.7 days
- Profile claimed
- Feb 2022
- Invites customers to review
- Yes
86% of Alpha Capital's Trustpilot reviews are 5-star and 7% are 1-star. A low share of 1-star reviews compared with most prop firms. The company invites customers to leave reviews, which tends to lift the share of 5-star ratings.
Snapshot of the public Trustpilot page on 2026-09-29. We show ratings only, not review texts. Verified reviews from traders on this site are coming soon.
Pros and cons
Pros
- Daily payout requests
- Static drawdown on most accounts
- 3 program types (Instant, 1-Step, 2-Step)
- 4 platforms incl. cTrader and DXTrade
- 4+ years in operation
Cons
- Maximum split 80%
Alpha Capital alternatives
FundedNext
FundingPips
Blue Guardian
MavenTrader reviews
No verified reviews yet. Reviews on this site require proof of purchase or payout. Submit yours.
How we reviewed Alpha Capital
Prices, rules and account data come from Alpha Capital's pricing pages and terms, cross-checked with aggregated public comparison data. Trader ratings come from a public Trustpilot snapshot taken on September 29, 2026. Scores are calculated with the formula on our methodology page; affiliate commissions do not change them.
Alpha Capital FAQ
Is Alpha Capital legit?
Alpha Capital is based in United Kingdom and has been selling challenges for about 4 years. It is rated 4.6/5 on Trustpilot from 21,783 reviews. We list 1 warning about it on this page; read them before buying.
Does Alpha Capital pay out, and how fast?
Alpha Capital's rules allow payout requests daily on its fastest accounts, with a profit split of up to 80%. Payout methods: Bank Transfer, Riseworks and Wise. We do not verify individual payouts; the trader reviews section shows what customers report.
Who owns Alpha Capital?
Its CEO is Andrew Blaylock and George Kohler.
Can US traders use Alpha Capital?
Yes. The United States is not on Alpha Capital's restricted-country list in our data.
How much is a $100K account at Alpha Capital?
$397 for the 2-Step, $397 for the 1-Step and $457 for the Instant, at list price without promo codes.
What is the daily loss limit at Alpha Capital?
3–5% of the account, depending on the program; the maximum loss is 4–10% (static and trailing (balance)).
Does Alpha Capital have a consistency rule?
Yes, on 18 of its 48 accounts: the best day may not exceed 15–40% of total profit.
Data last checked September 29, 2026. Source: firm pricing pages and terms, public review platforms and aggregated public comparison data (Sep 2026). Found an error? Tell us.