CFD / FX
Alpha Capital Group Alpha Direct
$100,000 account
Selected public offer only. Buyer eligibility and other variants are outside this comparison.
Sources checked 19 September – 24 October 2026. Reviewed by a site member and AI assistants. Release pfw-release-2026-10-24-pilot-2, approved 24 October 2026. Each source shows the date it was last checked.
Costs
List price
List price: $457 one-time
Conditions and limits. $457 for the $100,000 account, paid once, in US dollars.
Official source: Alpha Capital Group · Prop Firm Evaluations (product page and checkout) (checked 23 October 2026).
About this rule. The advertised base price of the selected account and how it is billed. A temporary public offer, available without a code, is shown beside it with any conditions the firm states, while a recent check confirms it; codes, optional purchases and unverified buyer charges are excluded.
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Read the guide: What are you buying when you pay for a challenge?
Fee per $1,000 of opening risk
Fee per $1,000 of opening risk: $91.40
Conditions and limits. The one-time checkout total on MT5: the order summary shows no activation, platform or data fee, and the product page advertises no activation fees. Standard spreads carry no commission (Raw spreads: $2.50 per lot per side, none on indices); swaps apply to positions held overnight.
How this is calculated. (List price × charges in a 30-day attempt + activation fee + platform and data fees), in US dollars, divided by the opening loss allowance and multiplied by 1,000.
- List price
- $457 one-time
- Charges in a 30-day attempt
- 1
- Activation fee
- None
- Platform and data fees
- None
- Opening loss allowance
- $5,000
- Result
- $91.40
Promotions, coupons and optional add-ons are excluded.
Final buyer charges such as taxes or payment fees are not verified.
Official sources: Alpha Capital Group · Prop Firm Evaluations (product page and checkout) (checked 23 October 2026); Alpha Capital Group · Alpha Direct (checked 14 October 2026); Alpha Capital Group · What is the Maximum Total Loss? (checked 14 October 2026).
About this rule. The advertised base cost of a 30-day attempt in US dollars, divided by the opening loss allowance and multiplied by 1,000. A cost scenario for comparing accounts, not an all-in price.
Activation fee
Activation fee: None
Official source: Alpha Capital Group · Prop Firm Evaluations (product page and checkout) (checked 14 October 2026).
About this rule. A mandatory charge to activate a funded account after passing, if any.
Compare this rule across accounts
Read the guide: Reserve activation costs and keep refunds conditional
Platform and data fees
Platform and data fees: None
Official source: Alpha Capital Group · Prop Firm Evaluations (product page and checkout) (checked 14 October 2026).
About this rule. Mandatory platform or market-data charges on top of the list price, if any.
Compare this rule across accounts
Read the guide: What market data is included, and what costs extra?
Payout processing fees
Payout processing fees: No Alpha fee is stated for payouts; an exchange-rate fee set by the payment provider applies when performance fees are received in a domestic currency.
Official sources: Alpha Capital Group · Terms and Conditions (checked 14 October 2026); Alpha Capital Group · How do I get paid performance fees? (checked 14 October 2026).
About this rule. Charges deducted when a payout is sent, which depend on the payment method.
Compare this rule across accounts
Read the guide: How do payout processing fees affect cash received?
Evaluation & risk
Opening loss allowance
Opening loss allowance: $5,000On the funded account, as there is no evaluation
How this is calculated. The funded account's opening balance minus its opening total-loss floor. The account is bought without an evaluation, so its own allowance is used.
- Funded account opening balance
- $100,000
- Funded account opening total-loss floor
- $95,000
- Result
- $5,000
Daily loss limits and any trailing of the floor after the opening are separate rules.
Official sources: Alpha Capital Group · Prop Firm Evaluations (product page and checkout) (checked 14 October 2026); Alpha Capital Group · Alpha Direct (checked 14 October 2026); Alpha Capital Group · What is the Maximum Total Loss? (checked 14 October 2026).
About this rule. How much the account can lose from its opening balance before the total-loss rule is broken, using the smallest allowance across the required evaluation phases. An account bought without an evaluation uses its funded account's allowance. It is not daily headroom, live capital or a pass probability.
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Read the guide: How do you calculate the opening loss allowance?
Difficulty ratio
Difficulty ratio: 0.00No evaluation or profit target
How this is calculated. For each required evaluation phase, the profit target divided by that phase's opening loss allowance. The results are added. The account is bought without an evaluation and has no profit target, so the ratio is 0.
- Required evaluation phases
- None
- Funded account opening loss allowance
- $5,000
- Result
- 0.00
This describes the shape of the evaluation; it is not a pass probability.
Official sources: Alpha Capital Group · Prop Firm Evaluations (product page and checkout) (checked 14 October 2026); Alpha Capital Group · Alpha Direct (checked 14 October 2026); Alpha Capital Group · What is the Maximum Total Loss? (checked 14 October 2026).
About this rule. Each required phase's profit target divided by that phase's opening loss allowance, added together. More target per dollar of allowed loss gives a higher number; an account bought without an evaluation has no target, so its ratio is 0. It describes the shape of the evaluation, not the chance of passing.
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Read the guide: How PFW's comparison pages summarize a route
Evaluation route
Evaluation route: Alpha Direct on MT5 with Standard spreads (no commission): a Qualified Analyst account from purchase, without an evaluation. Raw spreads are an option at checkout.
Official sources: Alpha Capital Group · Prop Firm Evaluations (product page and checkout) (checked 14 October 2026); Alpha Capital Group · Alpha Direct (checked 14 October 2026); Alpha Capital Group · Terms and Conditions (checked 14 October 2026).
About this rule. The exact variant compared here and the stages between purchase and a funded account.
Compare this rule across accounts
Read the guide: What do one-step, two-step, three-step, and instant funding mean?
Profit targets
Profit targets: None
Conditions and limits. None: Alpha Direct has no evaluation; the account is Qualified from purchase.
Official sources: Alpha Capital Group · Prop Firm Evaluations (product page and checkout) (checked 14 October 2026); Alpha Capital Group · Alpha Direct (checked 14 October 2026); Alpha Capital Group · What is the Maximum Total Loss? (checked 14 October 2026).
About this rule. The profit each required evaluation phase must reach, as a share of the opening balance. An account bought without an evaluation has none.
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Read the guide: How does the journey from purchase to payout work?
Total and daily loss
Total and daily loss: 5% maximum drawdown trailing the high-water mark (the highest balance reached): the floor starts at $95,000, rises with each new balance high and stops at the $100,000 initial balance once the balance reaches $105,000. 3% daily loss from the higher of the day's starting balance or equity ($3,000 at $100,000), the day starting at 00:00 broker time. Breaching either closes the account.
Official sources: Alpha Capital Group · Alpha Direct (checked 14 October 2026); Alpha Capital Group · What is the Maximum Total Loss? (checked 14 October 2026); Alpha Capital Group · What are the Daily Risk Limits and how do they work? (checked 14 October 2026).
About this rule. The overall and daily loss limits, how they move, and what balance or equity they are measured against.
Compare this rule across accounts
Read the guide: Why can two “5% daily loss” rules produce different limits?
Minimum days and time limits
Minimum days and time limits: None: no evaluation.
Official source: Alpha Capital Group · Alpha Direct (checked 14 October 2026).
About this rule. The minimum number of trading or profitable days each evaluation phase requires, including any minimum the firm states a consistency rule sets, any time limit for passing, and any inactivity period after which the account is closed.
Payouts
First and later payouts
First and later payouts: No fixed wait: once the 3% profit buffer is built, a payout can be requested whenever the 15% Best Day Rule and the 1% minimum are met. All trades must be closed when requesting, and the account stays locked while the payout is processed.
Official sources: Alpha Capital Group · On-Demand performance fee (checked 14 October 2026); Alpha Capital Group · How do I get paid performance fees? (checked 14 October 2026).
About this rule. When the first payout can be requested and how often later requests are allowed. Waiting periods, qualifying days, review and payment are separate clocks.
Payout minimums and caps
Payout minimums and caps: A 3% profit buffer ($3,000) must be built first and stay in the account; payouts are then requested from the profits above it, at least 1% of the account ($1,000) each time. No maximum is stated.
Official sources: Alpha Capital Group · Alpha Direct (checked 14 October 2026); Alpha Capital Group · On-Demand performance fee (checked 14 October 2026).
About this rule. The smallest request allowed and any limit on how much can be withdrawn per request or cycle.
Funded consistency rules
Funded consistency rules: Best Day Rule: no single trading day may contribute more than 15% of the total profits. A partial withdrawal resets the consistency score to 0; once a new trade is placed, a new payout and consistency window starts.
Official source: Alpha Capital Group · On-Demand performance fee (checked 14 October 2026).
About this rule. Rules on how profit must be spread across days or trades before a funded payout, and any required profitable days.
Published processing time
Published processing time: Payout requests are processed and paid within 2 business days, or up to 14 business days when the account needs additional verification.
Official sources: Alpha Capital Group · Terms and Conditions (checked 14 October 2026); Alpha Capital Group · How do I get paid performance fees? (checked 14 October 2026).
About this rule. How long the firm says review and payment take after a request. These are published estimates, not measured times.
Compare this rule across accounts
Read the guide: What do “24-hour,” “instant,” and “on-demand” payouts mean?
Refunds
Fee refund with a reward
Fee refund with a reward: None: the return policy says all sales are final and no refund will be issued. Separately, Alpha applies a discretionary bonus of 0.25% of the initial account size ($250) to Qualified Analysts on the fourth performance-fee request.
Official sources: Alpha Capital Group · Refund & Return Policy (checked 14 October 2026); Alpha Capital Group · What is the performance fee bonus? (checked 14 October 2026); Alpha Capital Group · How do I get paid performance fees? (checked 14 October 2026).
About this rule. Whether and when the challenge fee is paid back after a successful payout.
Cancellation refund
Cancellation refund: The return policy (dated 21 December 2021) says all sales are final and no refund will be issued. The terms give consumers 14 days from opening the Alpha account to cancel under the Consumer Contracts Regulations 2013, a right they waive when they place their first virtual trade.
Official sources: Alpha Capital Group · Refund & Return Policy (checked 14 October 2026); Alpha Capital Group · Terms and Conditions (checked 14 October 2026).
About this rule. Whether a purchase can be cancelled and refunded, and on what conditions.
Trading rules
News trading
News trading: There is no evaluation. On the Qualified Analyst account, no trade may be opened or closed on the targeted instruments from 5 minutes before to 5 minutes after listed high-impact news, through pending orders, stop losses and take profits too, and for speeches over their whole duration; positions opened more than 5 minutes before may be held. A stop or take profit filled in the window is a soft breach: those profits are not eligible for a performance fee.News trading: restricted.
Official source: Alpha Capital Group · Can I trade news? (checked 14 October 2026).
News trading by stage
- Funded
- Restricted. No trade may be opened or closed on the targeted instruments from 5 minutes before to 5 minutes after listed high-impact news (pending orders, stop losses and take profits included; speeches over their whole duration); positions opened earlier may be held.
Official source: Alpha Capital Group · Can I trade news? (checked 14 October 2026).
About this rule. Restrictions on opening, closing or holding positions around scheduled news.
Compare this rule across accounts
Read the guide: What does a news-trading restriction actually restrict?
Overnight and weekend holding
Overnight and weekend holding: Overnight holding is allowed (swaps apply); weekend holding is not allowed.Overnight and weekend holding: restricted.
Official sources: Alpha Capital Group · Can I hold trades overnight? (checked 14 October 2026); Alpha Capital Group · Can I hold trades over the weekend? (checked 14 October 2026); Alpha Capital Group · Alpha Direct (checked 14 October 2026).
Overnight and weekend holding by stage
- Funded
- Restricted. Overnight holding is allowed (swaps apply); weekend holding is not allowed.
Official sources: Alpha Capital Group · Can I hold trades overnight? (checked 14 October 2026); Alpha Capital Group · Can I hold trades over the weekend? (checked 14 October 2026).
About this rule. Whether positions can be held overnight and over the weekend.
Compare this rule across accounts
Read the guide: Which CFD/FX accounts allow overnight and weekend positions?
Expert advisors and copying
Expert advisors and copying: EAs are disabled on Alpha Direct accounts and cannot be used. Alpha's copy-trading article, which names no plan, allows copying from your own external account as the master (with proof of ownership) or between your own Alpha accounts (master and slave account numbers given first), one master at a time and on MT5 only; copying other traders is prohibited.Expert advisors: prohibited.Copying your own trades: restricted.
Official sources: Alpha Capital Group · Alpha Direct (checked 14 October 2026); Alpha Capital Group · Is copy trading allowed? (checked 14 October 2026).
Expert advisors by stage
- Funded
- Prohibited.
Official sources: Alpha Capital Group · Alpha Direct (checked 14 October 2026); Alpha Capital Group · Can I use an Expert Advisor (EA)? (checked 14 October 2026).
Copying your own trades by stage
- Funded
- Restricted. Alpha's copy-trading article, which names no plan: copying from your own external account as the master (with proof of ownership) or between your own Alpha accounts (master and slave account numbers given first), one master at a time and on MT5 only; copying other traders is prohibited. EAs are disabled on Alpha Direct.
Official sources: Alpha Capital Group · Is copy trading allowed? (checked 14 October 2026); Alpha Capital Group · Alpha Direct (checked 14 October 2026).
About this rule. Whether automated strategies are allowed and whether trades can be copied between your own accounts.
Compare this rule across accounts
Read the guide: Automation and copying: what actually needs permission?
Contractual penalties
Contractual penalties: Breaching the daily or maximum drawdown is a hard breach that closes the account. On the Qualified Analyst account, an open loss on one asset reaching 1% ($1,000), with losing positions on that asset combined and a re-entry in the same direction within 10 minutes counted together, closes the account. The lot limit is 40 lots: a first violation makes the profit from the excess lots ineligible, a second forfeits the performance fee and deactivates the account. Under the 2-minute average trade duration rule a breach removes all profits and resets the account to its initial balance. Gambling-style trading leads to removed profits and possibly termination of the contract.
Official sources: Alpha Capital Group · Alpha Direct (checked 14 October 2026); Alpha Capital Group · What are the Daily Risk Limits and how do they work? (checked 14 October 2026); Alpha Capital Group · What is the Max Risk Rule, and how does it work? (checked 14 October 2026); Alpha Capital Group · What is the 2-minute average trade duration rule? (checked 14 October 2026); Alpha Capital Group · What is Alpha Capital Group's policy against gambling in trading? (checked 14 October 2026).
About this rule. Penalties the terms set out for rule breaches beyond failing the account.
Compare this rule across accounts
Read the guide: Is it a prohibition, a condition or a review trigger?
Platforms & eligibility
Platforms
Platforms: MetaTrader 5, cTrader, DX Trade and TradeLocker. US residents can use DX Trade and TradeLocker, and cTrader only if they are already cTrader customers; MT5 accounts must not be used while in the US. EAs run only on MT5, and copy trading is not possible on cTrader, DX Trade or TradeLocker.
Official sources: Alpha Capital Group · What trading platforms are available for use? (checked 14 October 2026); Alpha Capital Group · Can I use an Expert Advisor (EA)? (checked 14 October 2026); Alpha Capital Group · Is copy trading allowed? (checked 14 October 2026).
About this rule. The platforms the firm offers in this market, with any extra charge or country limit it states. It is the firm's list for all its accounts in the market.
Platform access and eligibility
Platform access and eligibility: MT5, one of four platforms (also cTrader, DX Trade and TradeLocker); 18 or over; nationals and residents of 22 listed countries and the sanctioned areas of Ukraine are not accepted; US residents can use DX Trade and TradeLocker (cTrader only as existing customers), and buying on MT5 requires declaring that you are not a US resident or citizen; identity verification (KYC) once the account is eligible for its first payout.
Official sources: Alpha Capital Group · What trading platforms are available for use? (checked 14 October 2026); Alpha Capital Group · Terms and Conditions (checked 14 October 2026); Alpha Capital Group · Countries with limitations (checked 14 October 2026); Alpha Capital Group · Alpha Direct (checked 14 October 2026); Alpha Capital Group · Prop Firm Evaluations (product page and checkout) (checked 14 October 2026).
About this rule. Who can buy the account: age, identity checks and country restrictions, and any platform limits by country.
Ratings
Not rated. Overall program scores and reliability ratings are not published yet; the figures above are measurements of stated terms, not a verdict.
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