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Forex/CFD Tier A 1-step / 2-step / instant

Alpha Capital

Multi-platform 1/2-step plus new instant Alpha Direct (90% split) - EAs only as pre-approved risk-management tools, no news restriction on eval.

40% off DIWALI40 Visit site →

40% off every account (all plans and sizes, two uses) Checked Nov 6 · from firm site · Ends 8 Nov

Best for UK-based 2-step value

EA rules at Alpha Capital

What Alpha Capital allows for Expert Advisors and other automation, as we read its rules. Rules change: confirm with the firm before you buy.

Risk-manager EAs only

  • No trade-executing EAs
  • Pre-approved risk and trade-assistance EAs on MT5 only

Every prop firm’s EA rules compared →

Alpha Capital discount codes

Apply at checkout for an instant discount.

Active
Public — apply at checkout
DIWALI40
40% off every account (all plans and sizes, two uses)
Valid to 2026-11-08
SMS40
40% off evaluations (excludes Two-Step Bi-Weekly plans)
ALPHA20
20% off all accounts
Valid to 2026-11-30
FUNDED40
40% off Alpha Direct accounts (not evaluations)
Valid to 2026-11-30

Similar firms with a live discount code

Firms in the same market as Alpha Capital, each with a discount code that applies at checkout.

FundedNext

4.5(83,257 est.)Forex/CFD + Futures
Up to 47% off

Up to 47% off: 47% off Futures Flex (40% from your 3rd Flex), 40% off Futures Rapid (47% on a trader's first futures purchase), 40% off Futures Direct; 30% off Stellar Instant (one per trader), 7% off Stellar 2-Step, 1-Step and Lite (CFD, plus a 120% refundable fee reward)

PFDEALS Get deal
No end date published NEW FundedNext review

Configure your challenge

Pick model → type → account size to see the exact rules & price for that variant.

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Your selection — full details

Phase rules, specific terms, all sizes for the variant you picked above. Updates as you change selection.

Pick a model + type + size above to see details.

Alpha Capital at a glance

Key rules and pricing across all plans. Verify on the firm’s site — these change frequently.

Account size
$2.5k – $200k
Payout split
80% (90% via add-on; Alpha Direct 90% base)
Eval model
1-step / 2-step / instant
Market
Forex/CFD
Key rules and pricing for Alpha Capital
Profit target6-12% varies by variant (One 6/10/12, Pro 6/8/10); Alpha Direct has no target (instant qualified)
Max drawdownTrailing 4/6/8% (Alpha One 6/10/12% variants), 6-10% static (Alpha Pro 6/8/10%), 10% static (Swing), 5% trailing (Alpha Direct)
Read the full ruleShow less
Daily loss limit3-5% depending on model
Consistency rulePayout rule only, none on the evaluation: an on-demand performance fee on Alpha One, Pro or Swing needs no single trading day above 40% of total profit and at least 2% profit on the account (Alpha Pro's Bi-Weekly schedule has no consistency rule;
Read the full ruleShow less

Alpha One and Swing are on-demand only); Alpha Direct: 15% best day + 1% minimum profit on top of a 3% profit buffer, on every on-demand request.

Min trading days1-Step Alpha One 6%, 1-Step Alpha One 10%, 1-Step Alpha One 12%: 1 · 2-Step Alpha Pro 10%, 2-Step Alpha Pro 8%, 2-Step Alpha Pro 6%, 2-Step Alpha Swing: 3
Read the full ruleShow less
Show 8 more rulesShow less
More rules and pricing for Alpha Capital
Phase 2 target5% (6% on Pro 6%)
Minimum hold timeAverage trade duration must exceed 2 min, and at least 50% of profits (gross profit on a Qualified Account, the target on an evaluation) must come from trades held over 2 min.
Read the full ruleShow less

Breach: an evaluation restarts from Phase 1; a Qualified Account loses all profits and resets to its initial balance. Applies to all accounts.

Payout schedule1-Step Alpha One 6%, 1-Step Alpha One 10%, 1-Step Alpha One 12%, 2-Step Alpha Swing: On-demand only · 2-Step Alpha Pro 10%, 2-Step Alpha Pro 8%, 2-Step Alpha Pro 6%: Bi-weekly or on-demand · Instant Alpha Direct: On-demand (15% best-day + 1% min profit; 3% buffer before first payout)
EA / botsTrade-executing EAs prohibited; only pre-approved risk-management EAs on MT5 (lot size, SL/TP, break-even); none on Alpha Direct, Swap-Free or Focused Trader Group accounts
News tradingNone on eval phase
Weekend holdingAllowed at all stages on Alpha One and Swing (and legacy Alpha Three); allowed during Alpha Pro evaluations but not on Alpha Pro Qualified accounts; not allowed on Alpha Direct
Cheapest challenge$27
PropFirmMatch rating4.4/5 from 1,153 reviews (archived 2026-10-22; Trustpilot score suspended)

Rules and pricing verified 2026-11-02 against Alpha Capital’s own site.

Codes and prices last changed .

Alpha Capital plan rules, drawdown and payout terms

Every figure below is read from Alpha Capital’s own published plan pages and re-checked 2026-11-02. Where a plan defers part of the fee, the balance is shown beside the price. Open a plan for its rules and its price per account size.

Alpha Capital 1-Step Alpha One Alpha One 6% rules

Alpha Capital 1-Step Alpha One Alpha One 6% rules
Profit target6%
Daily loss limit3% on the evaluation; 4% on the Qualified Account
Max drawdown4% trailing
Min trading days1
Consistency ruleNone on the evaluation; 40% best day + 2% minimum profit on the Qualified Account on every performance fee request (Alpha One pays on-demand only)
Profit split80% (90% add-on)
Payout rulesOn-demand only
Leverage1:30
Alpha Capital 1-Step Alpha One Alpha One 6% price per account size
Account sizePrice
$5,000$37
$10,000$67
$25,000$157
$50,000$237
$100,000$397
$200,000$647

Alpha Capital 1-Step Alpha One Alpha One 10% rules

Alpha Capital 1-Step Alpha One Alpha One 10% rules
Profit target10%
Daily loss limit4%
Max drawdown6% trailing
Min trading days1
Consistency ruleNone on the evaluation; 40% best day + 2% minimum profit on the Qualified Account on every performance fee request (Alpha One pays on-demand only)
Profit split80% (90% add-on)
Payout rulesOn-demand only
Leverage1:30
Alpha Capital 1-Step Alpha One Alpha One 10% price per account size
Account sizePrice
$5,000$47
$10,000$87
$25,000$187
$50,000$277
$100,000$477
$200,000$947

Alpha Capital 1-Step Alpha One Alpha One 12% rules

Alpha Capital 1-Step Alpha One Alpha One 12% rules
Profit target12%
Daily loss limit5%
Max drawdown8% trailing
Min trading days1
Consistency ruleNone on the evaluation; 40% best day + 2% minimum profit on the Qualified Account on every performance fee request (Alpha One pays on-demand only)
Profit split80% (90% add-on)
Payout rulesOn-demand only
Leverage1:30
Alpha Capital 1-Step Alpha One Alpha One 12% price per account size
Account sizePrice
$5,000$57
$10,000$107
$25,000$217
$50,000$347
$100,000$587

Alpha Capital 2-Step Alpha Pro Alpha Pro 10% rules

Alpha Capital 2-Step Alpha Pro Alpha Pro 10% rules
Profit target10%
Phase 2 target5%
Daily loss limit5%
Max drawdown10% static
Min trading days3
Consistency ruleNone on the evaluation and on the Bi-Weekly payout schedule; 40% best day + 2% minimum profit if you choose On-Demand payouts
Profit split80% (90% add-on, On-Demand only)
Payout rulesBi-weekly or on-demand
Leverage1:100 FX, 1:20 Indices, 1:30 Metals, 1:10 Oil
Alpha Capital 2-Step Alpha Pro Alpha Pro 10% price per account size
Account sizePrice
$5,000$33
$10,000$77
$25,000$177
$50,000$267
$100,000$447
$200,000$897

Alpha Capital 2-Step Alpha Pro Alpha Pro 8% rules

Alpha Capital 2-Step Alpha Pro Alpha Pro 8% rules
Profit target8%
Phase 2 target5%
Daily loss limit4%
Max drawdown8% static
Min trading days3
Consistency ruleNone on the evaluation and on the Bi-Weekly payout schedule; 40% best day + 2% minimum profit if you choose On-Demand payouts
Profit split80% (90% add-on, On-Demand only)
Payout rulesBi-weekly or on-demand
Leverage1:100 FX, 1:20 Indices, 1:30 Metals, 1:10 Oil
Alpha Capital 2-Step Alpha Pro Alpha Pro 8% price per account size
Account sizePrice
$5,000$37
$10,000$57
$25,000$177
$50,000$297
$100,000$527
$200,000$997

Alpha Capital 2-Step Alpha Pro Alpha Pro 6% rules

Alpha Capital 2-Step Alpha Pro Alpha Pro 6% rules
Profit target6%
Phase 2 target6%
Daily loss limit3%
Max drawdown6% static
Min trading days3
Consistency ruleNone on the evaluation and on the Bi-Weekly payout schedule; 40% best day + 2% minimum profit if you choose On-Demand payouts
Profit split80% (90% add-on, On-Demand only)
Payout rulesBi-weekly or on-demand
Leverage1:100 FX, 1:20 Indices, 1:30 Metals, 1:10 Oil
Alpha Capital 2-Step Alpha Pro Alpha Pro 6% price per account size
Account sizePrice
$5,000$27
$10,000$47
$25,000$117
$50,000$217
$100,000$397
$200,000$797

Alpha Capital 2-Step Alpha Swing rules

Alpha Capital 2-Step Alpha Swing rules
Profit target10%
Phase 2 target5%
Daily loss limit5%
Max drawdown10% static
Min trading days3
Consistency ruleNone on the evaluation; 40% best day + 2% minimum profit on every payout, as Swing pays on-demand only
Profit split80%
Payout rulesOn-demand only
Leverage1:30 FX, 1:10 Indices, 1:9 Metals, 1:10 Oil
Alpha Capital 2-Step Alpha Swing price per account size
Account sizePrice
$5,000$70
$10,000$147
$25,000$247
$50,000$357
$100,000$577
$200,000$1,097

Alpha Capital Instant Alpha Direct rules

Alpha Capital Instant Alpha Direct rules
Daily loss limit3%
Max drawdown5% trailing (locks at breakeven)
Consistency rule15% best day + 1% minimum profit on top of a 3% profit buffer, checked at every on-demand payout request (no evaluation phase)
Profit split90% (base)
Payout rulesOn-demand (15% best-day + 1% min profit; 3% buffer before first payout)
Weekend holdingNot allowed
Leverage1:30
Alpha Capital Instant Alpha Direct price per account size
Account sizePrice
$2,500$30
$5,000$67
$10,000$97
$25,000$197
$50,000$257
$100,000$457
$200,000$897

Strengths & watch-outs

What works in your favour, and the quirks, fees, hidden rules and operational catches we found in Alpha Capital’s rules and FAQ. Always verify with the firm before purchase.

Strengths

  • +Generous max-drawdown buffer
  • +Static (not trailing) drawdown — equity gains stay banked
  • +High payout split (80% (90% via add-on; Alpha Direct 90% base))

Watch out for

  • !
    Trailing drawdown — equity gains can shift the breach line
  • !
    No EAs/automation — manual trading only
  • !
    Consistency rule applies (see at a glance)
  • !
    Minimum hold time (see at a glance) — kills tick-scalp setups
  • !
    Trustpilot has suspended this firm's TrustScore for a breach of its guidelines (Trustpilot says it removed fake reviews for this company). No star rating is shown until Trustpilot reinstates it — 22,038 reviews remain on file.
  • !
    Avg trade >2 min AND at least 50% of profit from trades held >2 min (all accounts; a breach restarts the evaluation or wipes Qualified profits)
  • !
    40% best-day for on-demand payouts only
  • !
    Alpha One trailing max loss locks at the starting balance once profit equals the plan's max loss (4/6/8% on One 6/10/12%); withdrawing all profit after that closes the account
Show 17 more watch-outsShow 12 more watch-outsShow less
  • !
    Qualified accounts: max $400K total allocation per household and max $300K per strategy, where a strategy is the traded asset (T&C 9.1.3)
  • !
    Copy trading MT5-only and personal-only
  • !
    FCA-adjusted language: 'simulated/virtual trading' (2025)
  • !
    30 days without a trade = account deactivated
  • !
    Alpha Direct launched 22 Jul 2026: instant qualified account, no profit target, 5% trailing max loss, 3% daily, 90% split base, 15% best-day + 1% min-profit consistency, max loss trails then locks at breakeven, 3% profit buffer required before first payout, from $30 ($2.5k);
    Read moreShow less

    no weekend holding on Direct (unlike Alpha One/Swing); EAs are disabled on Direct, and Direct accounts cannot be scaled or merged (help centre, updated 21 Sept 2026)

  • !
    Alpha Three RETIRED 22 Jul 2026 for new purchases (existing evaluations unaffected)
  • !
    Alpha One now in 3 variants (6/10/12% target with 4/6/8% trailing DD); 10% variant caps growth at $200k, 6/12% at $2M
  • !
    Permanent price cuts across One/Pro 22 Jul 2026 (e.g. Pro 8% $5k $77->$37, $10k $147->$57); Swing unchanged
  • !
    New shared rules for purchases after 21 Jul 2026: max risk per asset 3% (<$50k) / 2% ($50k+) / 1% Direct - open-drawdown breach closes account; re-opens within 10 min same asset+direction combine toward the cap
  • !
    90% profit-split add-on (+~10% plan price): all Alpha One plans + Alpha Pro On-Demand only (not Bi-Weekly, not Swing); Direct is 90% base
  • !
    Position spamming banned (rule rewritten 16 Sept 2026, replacing 'order book spamming'): splitting one trade idea into 3+ positions, each opened within 60 seconds of the previous one, is a violation; 1-2 positions is the recommended execution and scaling in is fine with at least a one-minute gap.
    Read moreShow less

    Breaches can cost the invalid trades' profits or the whole payout window's profits

  • !
    VPN/VPS only with a static dedicated IP AND after emailing support (naming the accounts) before first use; unannounced VPN/VPS use = account closure and a possible permanent ban.
    Read moreShow less

    Since 29 Sept 2026 several people in one household may hold accounts (within the $400K household allocation) if they notify support before trading from the shared IP; before that a second household member could not buy an account

How to play Alpha Capital

Model-specific observations about their rules and mechanics. Educational only — not trading or investment advice.

Cheaper than CTI with identical specs. Avg trade duration >2 min is the key constraint — pure scalping won't qualify. No news restriction on eval phase is unusual for this category.

Recommended pick
$50k 2-Step (Pro 10%): $267

Alpha Capital — frequently asked questions

Does Alpha Capital have a discount code?

Yes — use code DIWALI40 for 40% off every account (all plans and sizes, two uses) at checkout. You can also try SMS40. Firms rotate codes, so test it before paying; if it fails, check our codes page for the latest.

Is Alpha Capital legit and safe?

Trustpilot has suspended Alpha Capital's score for a breach of its guidelines and removed a number of fake reviews, so no star rating is shown at all; 22,038 reviews remain on file. PropFirmMatch scored it 4.4/5 across 1,153 reviews at our last snapshot. That is a reason to read the rules closely, not proof of fraud - we re-verified Alpha Capital's published rules and pricing on 2026-11-02. As with any prop firm, read the current rules and payout terms before buying, and start with a smaller account size.

Does Alpha Capital have a consistency rule?

Payout rule only, none on the evaluation: an on-demand performance fee on Alpha One, Pro or Swing needs no single trading day above 40% of total profit and at least 2% profit on the account (Alpha Pro's Bi-Weekly schedule has no consistency rule; Alpha One and Swing are on-demand only); Alpha Direct: 15% best day + 1% minimum profit on top of a 3% profit buffer, on every on-demand request.

What is Alpha Capital's profit split?

Alpha Capital's profit split is 80% (90% via add-on; Alpha Direct 90% base).

Does Alpha Capital allow EAs or trading bots?

Trade-executing EAs prohibited; only pre-approved risk-management EAs on MT5 (lot size, SL/TP, break-even); none on Alpha Direct, Swap-Free or Focused Trader Group accounts.

Ready to try Alpha Capital?

This link goes straight to the firm's own site.

Trading involves risk of capital loss. Past performance does not guarantee future results. This is not financial advice — verify firm rules before purchase.