Simulated one-step, two-step and instant-qualified accounts from $5K to $200K in forex, metals, indices and commodities
Checked 8 October 2026
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Alpha Capital Group describes itself as a UK prop firm that runs simulated evaluations. Its site lists forex, metals, indices and commodities as the markets. Traders who pass move to a Qualified Account, where they can earn a performance fee on simulated profits. The terms say the accounts are fully simulated, not live trading accounts.
Four plans are currently on sale: Alpha One (one step), Alpha Pro (two steps), Alpha Swing and Alpha Direct, which is Qualified from purchase with no evaluation. A fifth plan, Alpha Three, is described in the terms, but the firm says it is not currently offered for new purchases. The product page says fees are a one-time payment, start from $27 and cover account sizes from $5K to $200K.
The site footer names the operator as Alpha Capital Group Limited, company number 13719951. The About page says the firm launched in November 2021 and claims more than $100M in performance fees paid out; these are the firm's own figures and we have not checked them.
Everything in this review comes from Alpha Capital Group's own web pages, saved on 7–9 October 2026. Rules and prices change, so check the firm's site before you buy.
| Highest profit split | Up to 90% 123 Firm's wording: “the profit split is 90%” |
|---|---|
| Account types | 1-Step evaluation, 2-Step evaluation, Instant funding (no evaluation) 12 |
| Markets | Forex, Indices, Commodities, Metals 12 |
| Platforms | DXtrade, MetaTrader 5, TradeLocker, cTrader 1 |
| Allowed / offered on at least one account type |
Rules can differ between account types — check the linked page for the account you want. |
The product page describes the plans as follows.
| Plan | What the firm says it is | On sale |
|---|---|---|
| Alpha One | One-step evaluation with trailing drawdown | Yes |
| Alpha Pro | Two steps with static drawdown and three risk variants (6%, 8%, 10%) | Yes |
| Alpha Swing | For traders who hold overnight or through weekends | Yes |
| Alpha Direct | Qualified Account from purchase, no evaluation | Yes |
| Alpha Three | Three-step evaluation | Not offered for new purchases |
The product page says evaluation fees start from $27 and scale with account size and programme. The fee is a one-time payment. At checkout you choose a Bi-Weekly or On-Demand payout schedule; the page says this sets both when you can request rewards and the base plan price.
Two optional extras are shown at checkout: a 90% profit split add-on, which the page prices at +10% on the On-Demand price, and turning off overnight swap/rollover fees, which the page says adds about 10% to the price. One saved copy of the terms says EAs are disabled on swap-free accounts.
When we checked, the site was advertising a promotional discount on all accounts, so the price at checkout may differ. We did not capture a full price list by account size. The terms say purchases may be processed through Checkout.com, CoinPayments or Nuvei, and the country guide says payments must be in the cardholder's own name.
The firm also runs Alpha Futures, a futures prop firm, and Alpha Prime, which it describes as a progression path for traders from Alpha Capital or Alpha Futures with its own terms. This review covers Alpha Capital only.
The table shows only figures whose wording in the terms or on the product page names the plan. The terms also list profit targets, drawdown limits and daily loss limits that our saved copy does not tie to a named plan, so we leave them out. "Not captured" means we could not see a figure for that plan.
| Plan | Profit target | Max drawdown | Min trading days | Leverage |
|---|---|---|---|---|
| Alpha One (6%, 10%, 12% variants) | 6%, 10% or 12% | Trailing (high-water mark): 4%, 6% or 8% | 1 | Up to 1:30 |
| Alpha Pro (6%, 8%, 10% variants) | Not captured | Static (figures not captured) | 3 in phase one (phase two not captured) | Up to 1:100 |
| Alpha Swing | Not captured | Not captured | 3 in phase one (phase two not captured) | 1:30 |
| Alpha Direct | None (Qualified from purchase) | Not captured | Not captured | Up to 1:30 |
| Alpha Three (not sold to new buyers) | Not captured | Not captured | 3 in each of its three phases | Up to 1:50 |
The terms say there are no time limits on the evaluations. After passing, the Qualified Account has a 0% profit target. If the maximum daily or maximum total loss is breached, the terms say the account is closed. Failing an evaluation closes the account, and a new Alpha Account must be opened to continue.
The terms also set a Best Day Rule: no single trading day should contribute more than a set percentage of total profits. The limit is 40% for Alpha Pro, Swing, One and Three, and 15% for Alpha Direct.
The terms set news rules that differ by plan, and our saved copy did not always show which plan each passage covers. One passage says trading during major news events is allowed, with a 5-minute window on both sides of the event. Another says that a trade opened within 2 minutes before or up to 2 minutes after a news release must last more than 2 minutes to be valid. For speeches and conferences, the no-trade window covers their whole duration; on the Alpha Pro 10% plan the terms say not to trade from 5 minutes before they begin. Trades that get unrealistic fills during high-impact news may be invalidated, but the terms say this does not jeopardise the account itself.
The terms say holding trades over the weekend is restricted on the Alpha Pro and Alpha Direct plans, and that doing so with a Pro Qualified account will incur a soft breach. The product page points traders who hold overnight or through weekends to Alpha Swing. The terms note that swap fees may apply.
The platforms page says Expert Advisors are allowed on MT5 only, only for risk management and trade assistance, and only with pre-approval from support. Fully automated bots are not allowed, and EAs are not available on cTrader, DX Trade or TradeLocker. Our saved copies of the terms differ on one sentence: the earlier copy says EAs are disabled on Alpha Direct accounts, the later one says they are disabled on swap-free accounts.
The terms say the only copy trading allowed is from your own external account to your Alpha Account; anyone found copying other traders' trades is subject to review. The platforms page adds that copy trading is not available on cTrader, DX Trade or TradeLocker.
The terms say account management services are not allowed. The platforms page says you cannot copy other traders' accounts as group trading. The terms also contain a list of trading practices, including high-frequency trading, latency trading and arbitrage trading, but our saved copy does not show the wording that introduces that list, so we do not describe how the firm treats them.
The product page says Qualified Analysts earn an 80% performance split as standard, rising to 90% on Alpha Direct or with the optional 90% split add-on on eligible plans. The terms say the add-on raises the Analyst Performance Fee from 80% to 90% on a Qualified Analyst Account. The product page says performance fees are real money based on eligible simulated results.
Other pages word this differently. The home page says up to 90%, while the About page and the country availability guide say up to 80%. We use the product page and the terms, which are the more specific.
Performance fees can be requested bi-weekly or on demand, depending on the option chosen; bi-weekly payouts are not available on accounts that chose on-demand. The terms set these minimums:
The terms say approved fees are paid via Rise, Wise or bank transfer (WIRE/ACH/SWIFT) within 2 business days, unless the account needs additional verification checks, in which case it could take up to 14 business days. Crypto withdrawals go through Rise. The terms say an exchange rate fee set by the provider applies.
Traders who reach 10% virtual capital growth on a Qualified Analyst Account can request scaling. The scaling amount is 10% of the initial account balance. Alpha Direct accounts cannot be merged or scaled.
The platforms page says MetaTrader 5, cTrader, DX Trade and TradeLocker are live now. Alpha Trader, the firm's own platform, is listed as coming soon.
The symbols page lists forex pairs, indices, commodities and metals. The terms list the tradeable assets on an Alpha Account as FX, indices and commodities. The ACG Markets page says Standard evaluations are commission-free and Raw evaluations use a published commission per lot.
The platforms page says MT5 is not available to US residents, and that cTrader is not accepting new US customers, although existing US cTrader users can continue. The country guide says DXtrade and TradeLocker are fully available to US traders, and that traders travelling to the US must not use their MT5 account while there. However, the checkout section on the home and product pages includes the line "I'm not a US resident or citizen." We could not resolve this from the pages.
The site footer names Alpha Capital Group Limited, company number 13719951, with a registered office at 1 Allied Business Centre, Coldharbour Lane, Harpenden, England, AL5 4UT. The terms say the company is incorporated in England and Wales, and also give an address at 6-7 Waterside, Station Road, Harpenden AL5 4US.
The terms and the disclaimer say the firm is not required to be authorised and regulated by the Financial Conduct Authority, and that its services are not covered by the Financial Ombudsman Service. The disclaimer adds that Alpha Capital Group Limited does not carry out any regulated activities. The firm describes ACG Markets, which it says powers its simulated execution environment, as "an FSA-regulated brokerage". The same site's disclaimer says "Alpha Capital Group Limited & ACG Markets are not a broker, and do not accept deposits." We have not checked ACG Markets' status with any regulator.
The terms say all trading activity is simulated or virtual trading only, and that users never have any capital at risk on their virtual accounts.
The terms say the services are only for people over 18. The country availability guide lists these countries as not selectable at checkout: Afghanistan, Belarus, Burundi, Central African Republic, Chad, Cuba, Democratic Republic of the Congo, Eritrea, Iran, Iraq, Libya, Myanmar, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, Venezuela, Vietnam and Yemen.
On refunds, the return policy says "All sales are final and no refund will be issued." The terms say you consent to waiving your cooling-off rights when you access your Alpha Account, and that refunds will only be issued as set out in the terms. So the pages conflict: the terms do describe refunds in some cases. They say a user "will receive a refund of any fees paid in advance for Services that will not be received", in a context our saved copy does not show in full, and that "any exceeding accounts will be refunded."
On its own pages, Alpha Capital may suit traders who want a choice between one-step, two-step and no-evaluation plans with no evaluation time limit, and who trade forex, metals, indices or commodities. Traders who hold positions over weekends are pointed to Alpha Swing. It fits less well for traders who rely on fully automated bots, which the firm does not allow, or for US residents who want MT5, which is not available to them.
MyPropGenius Rating:
The rating measures how openly Alpha Capital Group discloses its rules, pricing, payouts and ownership (our Transparency Index methodology). It does not measure how likely you are to pass or be paid.
Its Terms name Alpha Capital Group Limited, company 13719951 in England and Wales, and say it need not be authorised by the Financial Conduct Authority. One page calls partner ACG Markets "an FSA-regulated brokerage" with no country or licence number, while its disclaimer says ACG Markets is not a broker. The firm has a dedicated return policy page saying all sales are final and no refund will be issued. Its About page claims more than $100M in performance fees paid out, but we did not find a payout page or a list of dated payout records on the firm's pages we read.
Its Transparency Index score is 58/100 (Mixed). We do not verify payouts or test accounts; this is what the firm’s own pages show.
Check the current rules and prices on the firm's own website before you buy.
We have no commercial relationship with Alpha Capital Group. Links to its website are not affiliate links.
Alpha Capital Group sells four simulated plans, from a one-step evaluation to the no-evaluation Alpha Direct, with one-time fees from $27 and no evaluation time limits. The standard split is 80%, with 90% on Alpha Direct or through a paid add-on, and the firm's terms and platforms page add a Best Day Rule, news windows and limits on EAs and weekend holding. Check the terms for your plan, and the US eligibility question, before buying.
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Find my matchIts terms say it is not required to be authorised and regulated by the Financial Conduct Authority and that its services are not covered by the Financial Ombudsman Service. The terms also say all accounts are fully simulated.
The product page says 80% as standard, rising to 90% on Alpha Direct or with the optional 90% split add-on on eligible plans.
The product page says fees are a one-time payment starting from $27, scaling with account size ($5K to $200K) and programme. The site was showing a promotional discount when we checked.
No. The terms say there are no time limits applicable to the evaluations.
Only on MT5, only for risk management and trade assistance, and with pre-approval from support. Fully automated bots are not allowed. Our saved copies of the terms also say EAs are disabled on Alpha Direct accounts (earlier copy) or on swap-free accounts (later copy).
The terms say approved performance fees are paid via Rise, Wise or bank transfer within 2 business days, or up to 14 business days if the account needs additional verification checks.