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Info
🔥 Get a 5% Discount when you sign up with our link: https://app.alphacapitalgroup.uk/signup/7a33b714e11d4210
Popularity & Trust
Trust Pilot Reviews: 5746
Trust Pilot Rating: 4.4
Last Update: October 18, 2024
Exist: 2.6 Years
Trust Score: 8.2 / 10*
The more reviews and the longer the firm existed will increase its Trust Score
Challenge Value
PRICE RATING
10K Fee: $97
25K Fee: $197
50K Fee: $297
100K Fee: $497
Price Score: 98*
The Price Score is calculated comparing 10K, 25K, 50K and 100K challenge costs. The average challenge Price Score is around 100. A lower number is better and means cheaper challenges.
DIFFICULTY RATING
P1 Target: 10%
P2 Target: 5%
Max Drawdown: 10%
Max Daily DD: 5%
Difficulty Score: 1.5*
Difficulty Rating is calculated on your total drawdown % compared with your total target %. Lower is better
VALUE RATING
Value Rating: 5.8 / 10*
The Value Rating is a combination of the cost of the challenges and the difficulty of passing the challenge. The best Value Rating has a score of 10 and the lowest a score of 1
Rules & Restrictions
Leverage: 100:1
Daily Drawdown Type: 😀 Balance Based
Challenge Time Limit: 😀 No Time Limit
News Trading: ❌ No (Auto Close)
Hold Weekends: ✅ Yes
EA's : ⭐ Most Allowed
Other: ❌ Lot Size Restrictions
NEWS TRADING
During the Stage 1 and Stage 2 of the Assessment you can trade freely during all news releases. When Live, you can’t open on close any trades 2mins before or after news. This includes TPs and any profits won’t count. More info: https://help.alphacapitalgroup.uk/en/articles/9293522-can-i-trade-news
LOT SIZE LIMITS
No limits during assessment. Live accounts have a 5 Lots per $10K limit. More info: https://help.alphacapitalgroup.uk/en/articles/6934287-is-there-a-lot-size-limit-during-the-assessment
EXPERT ADVISORS
EAs are allowed, but needs to be enabled during purchase and pre-aproved by the firm. HFT bots are not allowed. More info here: https://help.alphacapitalgroup.uk/en/articles/6934236-can-i-use-an-expert-advisor-ea
*Please visit the firms website for updated terms & conditions
Trade Cost
FOREX SPREAD
FX Commission: $5
EU Spread: 2
UJ Spread: 5
UF Spread: 4
FX Spread Score: 8.7
INDEX SPREAD
Index Commission: $0
NAS Spread: 80
S&P Spread: 79
DOW Spread: 145
Index Spread Score: 10.1
SWAP FEES
Swap Score -112
Payouts & Scaling
Fee Refund: None
Simulated Share: None
Profit Share: 80%
Scaling: ✅ Yes*
Merging: 😃 Yes
Max Combined Accounts: $400000
SCALING
10% Scaling with every 10% growth monthly. Up to 2million. More info: https://help.alphacapitalgroup.uk/en/articles/6933852-how-does-the-scaling-plan-work
MERGING
Both accounts must be on initial balance. Merge up to $300k. More info: https://help.alphacapitalgroup.uk/en/articles/8786521-merging-accounts
PAYOUTS
There is no direct crypto payout option, just through Rise. Minimum 5 trading days required for payouts. More info: https://help.alphacapitalgroup.uk/en/articles/6933755-how-do-i-get-paid-performance-fees
Please visit the firms website for updated terms & conditions
Pro’s & Con’s
✅ PRO’S
✅ MetaTrader Support ✅ Good Trust Rating ⭐ Great Index Spread ✅ Daily DD Balance Based ✅ Hold Weekends Allowed ✅ No Challenge Time Limit ⭐ Most EA’s Allowed* ✅ Merging Allowed* ✅ Bi-Weekly Payouts
❌ CON’S
❌ Slightly High Swap Fees ❌ News Trading Not Allowed (Auto Close) ❌ Lot Size Restrictions ❌ No Fee Refunds
Summary & Rating
THE UPSIDE
The option to trade on MetaTrader 5 is a big positive for the firm. The company has a good trust rating, very easy challenge requirements and good challenge value. The daily drawdown limit does allow for overnight trading. The company also allows merging and bi-weekly payouts. The firm also has very good trading fees on indices
THE DOWNSIDE
Not being able to trigger a TP or SL for a swing trade during a news window can be an issue and you risk loosing all profits on that trade. The swap fees are also a bit high. There are no fee refunds like with other firms.
IN SUMMARY
This firm has plenty to offer traders and is one of the top firms I can personally recommend. It is one of the best firms to still offer MetaTrader as an option. The News Trading Rule is a little bit of an issue and average FX spreads are the only reason this isn’t at Tier 1, but I can easily rank this at Tier 2
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