Verdict: Alpha Capital Group appears to be a real UK company offering simulated prop-trading evaluations. The available evidence does not support calling it an outright scam. But it is not an FCA-authorised broker, and its accounts do not give traders access to live capital. You are paying for a rule-based evaluation product, not depositing money into a protected trading account.
That distinction matters. Alpha can pay performance fees to successful traders, but payouts remain conditional on detailed trading rules, account reviews and the terms in force when you bought the account. Some of those rules give Alpha considerable discretion to remove profits, delay payment or close an account.
What Alpha Capital Group actually sells
Alpha Capital Group Limited sells access to simulated trading accounts. Under its current terms, an Analyst Account contains virtual evaluation phases, while a Qualified Analyst Account remains virtual even after the evaluation has been passed.
Traders do not receive live-market access or control of live funds. Alpha may use trading data as analysis for its own proprietary trading or an affiliate, and may pay eligible traders performance fees from its own funds. That does not make the trader’s account live or turn the challenge fee into a deposit.
Windows Errors? Fix Them Before They Spread
Repair common Windows errors and clear accumulated junk for a smoother, more stable PC - no reinstall needed.Free scan · no reinstallCrashes, No Sound, or Screen Glitches?
Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minute#1 Best Overall
The practical model is therefore:
- Pay a fee to access a simulated evaluation.
- Trade within the plan’s targets, drawdown limits and conduct rules.
- Pass the evaluation, if applicable.
- Trade a qualified virtual account and request a performance-fee payout if eligible.
The fee is at risk if you fail the rules. It should not be treated like money held with a broker.
Is Alpha Capital Group a real company?
Yes. The business disclosed in Alpha’s terms is Alpha Capital Group Limited, company number 13719951. Companies House lists it as an active UK private limited company incorporated on 2 November 2021.
| Corporate detail | Information listed by Companies House |
|---|---|
| Company | Alpha Capital Group Limited |
| Company number | 13719951 |
| Status | Active |
| Incorporated | 2 November 2021 |
| Registered office | 1 Allied Business Centre, Coldharbour Lane, Harpenden, England, AL5 4UT |
| SIC code | 62090 — Other information technology service activities |
| Directors | Andrew Peter Blaylock and George David Kohler |
The registered office changed on 26 June 2025. Alpha’s website terms have displayed the former Waterside Station Road address, so the website and Companies House address are not currently identical.
The company has filed accounts through the year ended 31 March 2025. Its latest filing shown in the supplied company record is a total-exemption full-accounts filing submitted on 23 December 2025.
This confirms that the company exists and files corporate documents. It does not prove that every payout decision is fair, that the company is financially strong or that its challenge fees offer good value.
Is Alpha Capital Group FCA-authorised?
Alpha is not presented as an FCA-authorised brokerage or investment firm. Its own terms describe user trading as simulated and state that users never control live funds.
That is different from saying “not FCA-authorised, therefore scam”. A simulated evaluation business is not automatically a regulated broker. However, customers should not assume they receive the protections associated with an FCA-authorised investment firm.
The FCA explains that dealing with an unauthorised firm can mean you do not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme, depending on the service involved. Challenge fees should therefore be considered unsecured consumer payments for a service—not deposits covered by broker-style safeguards.
The Tool Desk
Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Alpha’s current plans and headline rules
Alpha’s Help Center lists Alpha Pro 6%, Alpha Pro 8%/10%, Alpha Swing, Alpha One, Alpha Three and Alpha Direct. The main differences are the number of stages, profit targets, drawdown model and whether weekend or news trading is permitted.
Rank #2
Plan comparison
| Plan | Evaluation | Targets | Drawdown rules | Other key rules |
|---|---|---|---|---|
| Alpha Pro 6% | Two phases | 6% then 6% | 6% static maximum; 3% daily | At least 3 trading days per phase; no weekend holding in qualified stage |
| Alpha Pro 8%/10% | Two phases | 8% or 10% in phase 1; 5% in phase 2 | 8% or 10% static maximum; 4% or 5% daily | At least 3 trading days per phase; no weekend holding in qualified stage |
| Alpha Swing | Two phases | 10% then 5% | 10% static maximum; 5% daily | Weekend holding allowed; news trading allowed subject to a two-minute rule |
| Alpha One | One phase | 6%, 10% or 12% | Trailing drawdown of 4%, 6% or 8%; daily drawdown of 3%, 4% or 5% | Minimum of 1 evaluation trading day |
| Alpha Three | Three phases | 8%, 4% then 4% | 6% static maximum; 4% daily | At least 3 trading days per phase; weekend holding allowed |
| Alpha Direct | No evaluation | No evaluation target | 5% trailing maximum; 3% daily | Maximum risk per asset is 1% from the first trade |
Most of the principal plans share a maximum allocation of $400,000. Alpha One 12% is available up to $100,000, while the other listed Alpha One plans are available up to $200,000.
How Alpha One’s trailing drawdown works
On Alpha One 10%, for example, a $100,000 account starts with a 6% trailing drawdown threshold at $96,000. If the account reaches $102,000, the threshold moves to $96,000. Once the account reaches $106,000, the threshold stops moving and remains at the initial balance.
Traders should model the drawdown rule before buying. A trailing limit can be materially harder to manage than a static limit because profitable open or closed trading may change the level at which the account fails.
How payouts work
Alpha’s current payout instructions use this dashboard route:
Dashboard → Payout and Achievements → Payout tab
Close all trades before submitting the request. The account is locked while the payout is processed; trading can resume once the balance has been reset.
Available payment routes include:
- Rise
- Wise
- Bank transfer by WIRE, ACH or SWIFT
- Crypto withdrawals through Rise
Alpha’s Help Center says requests are processed and paid within two business days, subject to additional verification. Its terms allow verification to extend processing to up to 14 business days. The two-business-day statement should therefore not be treated as an unconditional guarantee.
Free tools Windows power users keep installed
One-click scans. No signup required.
Payout minimums and the Best Day Rule
| Payout type | Current minimum | Additional condition |
|---|---|---|
| On-Demand | 2% gross profit for Pro, Swing, One and Three | Best day must not exceed 40% of total generated profit |
| Alpha Direct On-Demand | 3% profit buffer, followed by at least 1% additional gross profit | Best day must not exceed 15% of total generated profit |
| Bi-Weekly | $100 gross profit | Availability can depend on the plan and account status |
For the 40% Best Day Rule, a $1,000 best day requires more than $2,500 in total profit before the account is eligible for a payout. A trader who reaches the target mainly through one unusually large winning day may therefore have to continue trading before requesting payment.
The Max Risk Rule: a major condition for newer accounts
Alpha announced a Max Risk Rule for qualified accounts purchased after 21 July 2026. The rule measures open, unrealised drawdown on each individual asset.
| Account size | Maximum open risk per asset |
|---|---|
| $5,000, $10,000 or $25,000 | 3% |
| $50,000, $100,000 or $200,000 | 2% |
| Alpha Direct, all sizes | 1% |
Positions on the same asset are combined. Alpha also combines losses where a trade is closed and another trade in the same direction on the same asset is opened within 10 minutes. A breach can close the trades and account.
Alpha says accounts purchased before 21 July 2026 are not subject to this rule. Because the effective date and account status matter, save the plan rules and terms shown at checkout.
Rules that can affect a payout after you pass
Passing the numerical target does not guarantee a payout. Alpha reviews trading activity during evaluation and when traders request performance fees.
Two-minute trading rule
Alpha requires the average duration of all trades to exceed two minutes. In addition, at least 50% of gross generated profits on qualified accounts—or 50% of targeted profits during evaluation—must come from trades lasting more than two minutes.
You can check the metric at:
Dashboard → Account Metrics → Insights
If Alpha identifies a breach after an evaluation has been passed, it says the trader may have to restart from phase one. During the qualified stage, profits can be removed and the account reset to its initial balance.
Gambling and inconsistent risk
Alpha’s gambling policy can cover:
- A substantial lot-size increase compared with the account’s normal average
- A significant change in trade duration
- Short-term activity designed to exploit restricted news windows
- Trading that appears speculative or “all-or-nothing” rather than consistent
The possible consequences include profit removal, contract termination and account closure. The assessment is partly discretionary because Alpha says it considers the trader’s style and trading history.
Do these 3 things before closing this tab:
1Fix the driver behind crashes, sound loss and screen glitches2Clear out junk files and repair common Windows errors3Scan for outdated or missing drivers - takes under a minuteProhibited strategies
Alpha lists several prohibited practices, including mispricing exploitation, front-running price feeds, latency trading, arbitrage, high-frequency trading, reverse trading, group hedging, order-book spamming, signal following and account-management services.
Alpha says it can terminate an agreement and remove invalid-trade profits—or the entire payout-window profit—for violations. Traders should read the prohibited-strategy policy rather than relying only on the headline drawdown figures.
News-trading restrictions and edge cases
Trading through news is generally permitted during evaluation phases, but qualified accounts have tighter rules.
For Pro, One, Three and Direct qualified accounts, traders may not open new trades from five minutes before to five minutes after a covered release. Existing trades may not be closed during that period. Pending orders, stop-loss orders and take-profit orders count as execution, so an order triggered during the restricted window can create a problem even if it was placed earlier.
Recommended Free Tools
Alpha may remove profits from an invalid trade while leaving the related loss as the trader’s responsibility. Speeches and conferences can be restricted for the duration of the event plus five minutes on either side.
Swing accounts are different: news trading is allowed, but a trade opened within two minutes before or after a release must last longer than two minutes.
Focused Trader Group
Alpha can place a qualified account into a temporary Focused Trader Group based on trading style and risk. Listed triggers include extreme scalping, all-or-nothing trading, excessive lot or margin use, using a Swing account mainly for scalping, gambling around high-impact news and “account rolling”.
Possible restrictions include lower leverage, lower maximum lot exposure, a cooling-off period after a loss of 1% or more on a symbol, and temporary removal of the Bi-Weekly payout option. Alpha also says account rolling can result in a 30-day service pause.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
Removal is not automatic; Alpha says its risk team conducts a discretionary review. This is a significant commercial risk for traders whose strategy depends on high leverage, rapid entries or repeated account purchases.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What customer reviews tell you
Trustpilot currently shows Alpha Capital Group with a 4.7 rating and approximately 21,000 reviews. The profile is claimed, paid and allows the company to reply.
That is evidence that many customers report receiving support or payouts. It is not an audited payout record. Reviews cannot establish:
- The percentage of all payout requests that are approved
- The company’s total payout liabilities
- Whether disputed account closures complied with the contract
- Whether positive reviews represent the full customer base
- Whether Alpha’s business is profitable
Use reviews to identify recurring complaints and operational patterns, not as proof that a payout is guaranteed.
Quick wins for a faster PC:
Clear out junk files and repair common Windows errorsFree Scan →Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →Repair Windows errors before they cause bigger problemsFix Now →Best Value
- As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work.
- You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed. Day trading is not gambling or an online poker game.
- To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere.
How to reduce your risk before buying
- Save the documents. Download or screenshot the terms, plan rules, payout policy and prohibited-strategy rules displayed at checkout.
- Check the account date. Confirm whether the Max Risk Rule applies to the account you are buying.
- Calculate the real loss limit. Include daily drawdown, static or trailing maximum drawdown, news restrictions and any risk-per-asset limit.
- Test your strategy against the conduct rules. Review average trade duration, best-day concentration, lot-size changes and news entries—not just profit targets.
- Do not use money needed for bills. A challenge fee can be lost, and a successful payout is not guaranteed.
- Keep a complete trading record. Retain order times, sizes, symbols, stop-losses, account metrics and correspondence in case a payout is reviewed.
Alpha Capital Group: legitimate or scam?
The evidence supports a careful middle position:
- Legitimate company: Alpha operates through an identifiable active UK company, files corporate documents and publishes a functioning simulated-trading service.
- Not a regulated broker: Users do not receive live capital or the protections normally associated with an FCA-authorised investment firm.
- Real payout reports: Many customers say they have been paid, but public reviews do not provide an independently verified payout rate.
- Meaningful rule risk: Payouts can depend on detailed restrictions and discretionary reviews, including rules that may apply after a trader appears to have passed.
Calling Alpha Capital Group an outright scam is not supported by the verified evidence reviewed. Calling it a regulated funding provider is inaccurate. It is best understood as a simulated prop-trading evaluation company with reported payouts, but also with material contractual, payout and consumer-protection risks.
FAQ
Does Alpha Capital Group give traders live funded accounts?
No. Alpha’s terms state that its Analyst and Qualified Analyst Accounts are virtual or simulated. Traders do not control live-market funds. Alpha may use trading data for its own purposes and may pay eligible performance fees from its own funds.
Is Alpha Capital Group regulated by the FCA?
It is not presented as an FCA-authorised brokerage or investment firm. The company’s service is described as simulated trading. Customers should not assume that challenge fees or payout claims receive Financial Ombudsman Service or FSCS protection.
Can Alpha Capital Group refuse a payout?
A payout is conditional. Alpha can review trading activity and may remove profits, delay payment, reset an account or close it for breaches involving drawdown, trade duration, news trading, prohibited strategies, gambling indicators or other rules.
How long do Alpha Capital Group payouts take?
The Help Center says requests are processed and paid within two business days, subject to verification. The terms allow additional verification to extend the process to up to 14 business days.
Are Alpha Capital Group challenge fees refundable?
The supplied evidence does not establish a universal refund outcome. Treat the fee as payment for access to an evaluation service and read the refund and cancellation terms that apply at checkout before purchasing.
Is Alpha Capital Group suitable for beginners?
It is high risk for beginners. The trader must understand drawdown calculations, news restrictions, payout concentration rules, trade-duration requirements and discretionary conduct policies before risking a fee.
The Bottom Line
Bottom line: Alpha Capital Group is an identifiable, active UK company and the evidence does not show that it is an outright scam. However, it sells simulated evaluations rather than live funded brokerage accounts, is not presented as FCA-authorised and offers no guaranteed payout. Treat any challenge fee as money you can afford to lose, save the rules in force at purchase, and assess the service as a high-risk evaluation product—not as a protected investment account.
The Tool Desk
Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
