At A Glance: | |
Capital Access: | Alpicap offers traders the opportunity to access substantial capital, with funding plans reaching up to $200,000. This allows traders to scale their operations and take advantage of market opportunities with greater financial flexibility. |
Profit Split: | Alpicap provides competitive profit-sharing terms, offering traders up to 90% of their profits. This high payout rate ensures that traders are rewarded for their skill and dedication, keeping the majority of the profits they earn from their trading efforts. |
Instruments: | Alpicap supports a wide range of tradable instruments, including FX majors and minors, exotics, spot metals, commodities, indices, and cryptocurrencies. This diverse selection allows traders to tailor their strategies to the instruments they are most comfortable with or that offer the best market opportunities. |
Reputation: | Alpicap has earned a strong reputation in the prop trading community, reflected in its 4.7/5 rating on Trustpilot. Traders praise the firm for its transparent evaluation process, fair profit-sharing system, and responsive customer service. Feedback highlights how the firm fosters a supportive trading environment, ensuring traders feel valued and equipped for success. Alpicap’s Swiss roots add an extra layer of trust, reliability, and precision to its operations, making it a standout choice for traders looking for both professional growth and a trustworthy partner in their trading journey. |
- Fixed Drawdown: 12% drawdown ensures a clear and stable risk framework.
- No Time Limits: Traders can complete evaluations at their own pace.
- Flexible Profit Targets: Only a positive balance is needed for withdrawals, with a 14-day payout option available.
- Diverse Strategies Allowed: Supports EAs, automated trading, and indicators, except high-risk strategies.
- High Profit Splits: Standard 80%, with an option to increase to 90%.
- Regular Withdrawals: Bi-weekly payouts after 30 days, with multiple payment options.
- Multiple Platforms: Supports DXTrade, MatchTrader, and cTrader.
- News & Weekend Trading: Allowed with a 2-minute restriction before and after news events.
- Strong Reputation: Rated 4.7/5 on Trustpilot for transparency and reliability.
- No Evaluation Payouts: Profits made during evaluation cannot be withdrawn.
- Restricted High-Risk Strategies: No high-frequency trading or Martingale systems.
- No Account Merging: Traders cannot combine multiple active accounts.
- Limited Challenges: Maximum of three active challenges with a $600,000 cap.
Alpicap Full Review Video
Introduction to Alpicap
Alpicap is a Swiss-based proprietary trading firm that offers talented traders the opportunity to thrive in the financial markets by providing capital, advanced tools, and comprehensive support. Recognizing that every trader has unique needs and goals, Alpicap takes a personalized approach to trading, ensuring that each individual receives the guidance and resources necessary to succeed. With a strong foundation in Swiss values, such as precision, trust, and reliability, Alpicap has built a reputation for fostering an environment where traders can focus on growing their strategies while having the security of a firm that prioritizes professionalism, integrity, and transparency.
Mission and Community
The mission at Alpicap is straightforward: to create a platform where skilled traders can maximize their earning potential and reach their financial goals. Beyond just providing capital, the firm emphasizes building long-term relationships with its clients. Alpicap believes that success in trading is not just about the numbers; it’s about cultivating a sense of community among traders. Within this community, traders can share their experiences, exchange insights, and learn from one another. This collaborative environment encourages growth and allows individuals to thrive together, all while being supported by a company that embodies Swiss values of trust and reliability.
Alpicap Advantage
There are several key features that make Alpicap stand out in the prop trading industry:
- Industry-Leading 12% Drawdown: Alpicap provides one of the highest drawdown limits in the industry, giving traders the freedom to navigate the markets with confidence.
- Thriving Community of Successful Traders: The firm fosters a collaborative environment where traders can share insights and celebrate successes together.
- Swiss Tradition of Trustworthy Trading: Alpicap’s roots in Switzerland bring a tradition of trust and precision, ensuring that traders are supported by a reliable, high-quality firm.
Alpicap Challenge Options
At Alpicap, the challenge is more than just a test; it’s a gateway to professional trading. The firm provides two distinct evaluation paths, ensuring that traders of all skill levels and risk appetites can find a structure that suits them.
Two-Step Evaluation
The two-step evaluation process is designed for traders who prefer a structured approach to funding. The journey begins with Phase 1, where traders are tasked with achieving a profit target of 10%. Upon successfully completing this, traders advance to Phase 2, where the profit target is reduced to 5%, allowing for a smoother transition into live trading.
Account Sizes and Fees
Alpicap offers a wide range of account sizes, catering to traders with varying goals and resources. Account sizes range from as low as $2,500 to a substantial $200,000, with fees starting at an affordable $25 for the smallest account. This flexibility ensures that traders at every stage of their career can participate.
Here’s a breakdown of the account options:
- $2,500 account: $25 fee
- $5,000 account: $37 fee
- $7,500 account: $55 fee
- $15,000 account: $99 fee
- $25,000 account: $149 fee
- $50,000 account: $299 fee
- $100,000 account: $499 fee
- $200,000 account: $977 fee
The rules for the two-step evaluation are both robust and fair, ensuring traders are held to high standards while being given room to maneuver:
- Daily Loss Limit: 5%
- Maximum Drawdown: 10% by default, but traders can extend this to up to 12% with an optional add-on
- Leverage: 1:100
- Profit Share: Up to 90% upon becoming funded
- Minimum Trading Days: 5 days per phase
This model emphasizes discipline and consistency, rewarding traders who can demonstrate skill and patience.
One-Step Evaluation
For traders who prefer a more direct route, Alpicap’s one-step evaluation offers a faster way to funding. This approach requires traders to meet a single 10% profit target without the need for a second phase.
Account Sizes and Fees
Fees for the one-step evaluation are slightly higher, reflecting the streamlined process and increased potential for immediate funding:
- $2,500 account: $39 fee
- $5,000 account: $69 fee
- $7,500 account: $99 fee
- $15,000 account: $149 fee
- $25,000 account: $229 fee
- $50,000 account: $349 fee
- $100,000 account: $599 fee
The one-step evaluation rules are stricter, requiring traders to operate within a 4% daily loss limit and a 6% maximum drawdown. Leverage is also adjusted to 1:50, reflecting the heightened risk of a single-phase evaluation.
Why These Challenges Matter
The challenges at Alpicap are designed not just to test profitability but also to evaluate a trader’s ability to manage risk and remain consistent. These are the hallmarks of successful trading, and Alpicap ensures its funded traders are well-prepared for the demands of live markets.
Process of Becoming a Funded Trader in Alpicap
At Alpicap, the process of becoming a funded trader is designed to be clear, accessible, and empowering, whether you’re a seasoned pro or just starting your trading journey. Here’s how it works:
1. Choose Your Challenge
The first step is to choose from a range of challenges tailored to different trading styles and goals. Alpicap offers flexible options for traders at various experience levels, ensuring that there’s a challenge suited to your specific ambitions.
Whether you’re just beginning or already an experienced trader, Alpicap provides an opportunity that aligns with your skill set and desired outcomes. Signing up is easy, and the challenge you select will set the stage for your journey towards becoming a funded trader.
2. Prove Your Skills and Get Funded
Once you’ve chosen your challenge, it’s time to prove your trading skills during the evaluation phase. Alpicap’s evaluation process is designed to help you demonstrate your ability to manage risk while achieving consistent results. With an industry-leading 12% drawdown limit and a 5% daily loss limit, you can trade confidently, knowing that you have room to navigate the markets responsibly.
These limits are in place to help you focus on trading effectively without the pressure of tight restrictions. Successfully completing the evaluation phase means that you’ve met the necessary criteria, and you’ll officially become a funded trader, with access to the capital you need to take your trading to the next level.
The process at Alpicap is structured to be supportive and encouraging, ensuring that you have the tools and resources necessary to succeed, while also giving you the freedom to prove your skills in a professional and rewarding environment.
Alpicap’s Trading Rules
Alpicap’s trading rules are thoughtfully designed to encourage disciplined trading while offering flexibility for traders to implement their unique strategies. These rules aim to create a balance between risk management and profitability, ensuring a supportive trading environment.
Drawdown Policies
The maximum drawdown is set as a fixed percentage of the initial account balance, providing traders with a transparent and stable risk framework. For instance, a 12% drawdown on a $50,000 account equates to a $6,000 limit from the initial balance. This static approach eliminates ambiguity and enables traders to craft detailed risk management plans with confidence. Unlike firms that employ trailing drawdowns, which can complicate trading strategies, Alpicap’s fixed model fosters clarity and predictability, vital for long-term success.
No Time Limits
Alpicap’s evaluation process stands out by removing time constraints entirely. Whether it takes weeks or months to meet the evaluation targets, traders have unlimited time to prove their skills. This approach alleviates the psychological pressure often associated with time-limited evaluations, allowing traders to focus on consistency and quality rather than racing against the clock.
Profit Targets on Funded Accounts
Once funded, Alpicap imposes no strict profit targets. The only requirement is maintaining a positive account balance at the end of each 30-day trading period to qualify for withdrawals. This relaxed structure shifts the focus from hitting arbitrary targets to prioritizing sustainable and thoughtful trades. This policy is particularly beneficial for traders who prefer a steady, calculated approach to trading.
Permitted Strategies
Alpicap promotes diversity in trading styles during the evaluation phase. Traders can utilize automated strategies, including expert advisors (EAs), indicators, and other tools. However, strict guidelines apply to funded accounts to maintain a fair and professional trading environment. Prohibited strategies include:
- High-frequency trading (manual or automated)
- Martingale systems
- Grid trading
- Arbitrage strategies (e.g., latency or hedge arbitrage)
- Copy trading from other accounts
- Tick scalping or one-sided betting
By enforcing these rules, Alpicap ensures the integrity of its program while encouraging sustainable practices. Traders relying on high-risk or unethical strategies will find their accounts terminated if violations are detected.
News and Weekend Trading
Unlike many firms that impose restrictions during major market events, Alpicap allows news trading and holding positions over the weekend. This is ideal for traders who rely on macroeconomic analysis or employ longer-term strategies. However, traders are advised to manage their risk carefully during volatile periods.
Payouts
Generous Profit Splits
Alpicap offers one of the most competitive payout systems in the industry, with profit splits reaching up to 90% for funded traders. This means that traders keep the vast majority of their hard-earned profits, fostering a rewarding and motivating environment.
Regular Withdrawal Cycles
Funded traders are eligible for withdrawals bi-weekly after the first 30 days of trading. This ensures that traders have regular access to their profits without undue delays. Payments can be made via bank transfer or cryptocurrency, giving traders flexibility in how they receive their earnings. The withdrawal process is straightforward and managed entirely through Alpicap’s user-friendly dashboard. Before initiating withdrawals, funded traders must sign an Independent Contractor Agreement and provide preferred payment details.
No Payouts During Evaluation
During the evaluation stage, traders are assessed solely on their consistency and risk management. Consequently, profits made during this phase cannot be withdrawn. This approach aligns with Alpicap’s focus on finding disciplined and responsible traders rather than rewarding short-term gains.
Trading Platforms: Tools Tailored for Every Trader
Alpicap supports three robust trading platforms, ensuring every trader has access to tools that suit their needs and expertise:
- DXTrade: A simple and reliable platform, perfect for beginners or those seeking a straightforward trading experience.
- MatchTrader: A versatile option with advanced charting and analytical tools for intermediate traders.
- cTrader: Designed for professionals, offering comprehensive analytics, customization, and enhanced order execution capabilities.
Each platform is optimized for performance and integrates seamlessly with Alpicap’s trading ecosystem.
Additional Policies and Features
Account Merging and Limits
Alpicap allows traders to hold up to three active challenges simultaneously, with a combined funding cap of $600,000. However, accounts cannot be merged to ensure proper risk tracking. Traders managing multiple accounts are encouraged to use different strategies for each.
Eligibility and Geographic Restrictions
Alpicap’s services are available to traders aged 18 and above. However, due to regulatory constraints, traders residing in countries like Cuba, North Korea, and Iran, among others, are ineligible. Additionally, individuals appearing on sanction lists or with prior violations of trading rules are prohibited.
U.S. Residents Welcome
U.S.-based traders can participate in Alpicap’s programs, but only the DXTrade and MatchTrader platforms are available due to regulatory considerations.
Evaluation Lot Size and Capital Limits
During the evaluation phases, there are no lot size limits, providing flexibility for traders to execute their strategies. On funded accounts, specific lot size caps are enforced based on account size to maintain a balanced trading environment. Additionally, the $200,000 funding cap per account reflects Alpicap’s commitment to optimal trading conditions, minimizing slippage and ensuring superior execution quality.
Alpicap’s Tradable Instruments
Alpicap offers a wide range of instruments, ensuring traders can diversify their strategies across multiple markets. Here’s an overview of the assets available for trading, including average or target spreads:
FX Majors & Minors
Trade globally recognized currency pairs with competitive spreads, perfect for scalpers and swing traders.
Symbol | Avg / Target Spread |
AUDCAD | 0.7 |
AUDCHF | 0.6 |
AUDJPY | 0.6 |
AUDNZD | 0.7 |
AUDUSD | 0.3 |
CADCHF | 0.6 |
CADJPY | 0.6 |
CHFJPY | 0.7 |
EURAUD | 0.9 |
EURCAD | 0.8 |
EURCHF | 0.7 |
EURGBP | 0.2 |
EURJPY | 0.6 |
EURNZD | 1.1 |
EURUSD | 0.1 |
GBPAUD | 1.2 |
GBPCAD | 0.7 |
GBPCHF | 0.8 |
GBPJPY | 1.1 |
GBPNZD | 1.9 |
GBPUSD | 0.3 |
NZDCAD | 0.5 |
NZDCHF | 0.4 |
NZDJPY | 1 |
NZDUSD | 0.5 |
USDCAD | 0.4 |
USDCHF | 0.6 |
USDJPY | 0.3 |
FX Exotics
Expand trading opportunities with less conventional currency pairs. While spreads are wider, these pairs offer unique market opportunities.
Symbol | Avg / Target Spread |
EURNOK | 20 |
EURSEK | 10 |
EURSGD | 1.5 |
USDCNH | 6 |
USDMXN | 30 |
USDNOK | 20 |
USDSEK | 10 |
USDSGD | 1.3 |
USDZAR | 22 |
Spot Metals
Ideal for traders looking to hedge or trade based on macroeconomic movements, spot metals like gold and silver are highly liquid.
Symbol | Avg / Target Spread |
XAUUSD | 20 |
XAGUSD | 2 |
Commodities
Trade globally influential energy products, including crude oil and natural gas.
Symbol | Avg / Target Spread |
BRENT | 5 |
WTI | 5 |
Indices
Gain exposure to leading global stock markets through indices with tight spreads and high liquidity.
Symbol | Avg / Target Spread |
ESTX50 | 1.5 |
FRA40 | 1 |
GER40 | 1 |
UK100 | 1 |
SPAIN35 | 3 |
JPN225 | 5 |
NAS100 | 1.2 |
SPX500 | 0.7 |
US30 | 1.5 |
Cryptocurrencies
Take advantage of the 24/7 crypto market with Alpicap’s competitive spreads on major cryptocurrencies.
Symbol | Avg / Target Spread |
BCHUSD | 1.5 |
BTCUSD | 20 |
ETHUSD | 1 |
LTCUSD | 0.9 |
Alpicap’s Reputation
Alpicap has built a strong reputation in the trading community, as reflected by its impressive Trustpilot rating of 4.7/5. This rating underscores the firm’s commitment to providing reliable services and creating a positive trading environment for its users. The feedback from traders highlights various aspects that make Alpicap stand out, including transparent processes, responsive customer service, and fair profit-sharing terms.
Customer Feedback
Many traders have shared their positive experiences with Alpicap, emphasizing the ease of using the platform and the professionalism of the team. Gisela Braun, for example, speaks highly of Alpicap’s evaluation process, describing it as straightforward and transparent. She notes that the profit-sharing structure is fair, and payouts are consistently made on time, ensuring traders feel supported and valued.
Ana Rangga Yudha also appreciates the platform, mentioning its user-friendly interface and wide selection of trading platforms. She notes that the spreads are tight, which is beneficial for traders aiming to maximize profitability. Additionally, Yudha highlights the fast and responsive customer service, which further contributes to a positive experience. She also appreciates the ongoing promotions and giveaways, showing that Alpicap values its traders beyond just providing trading capital.
Dimitar Apostolov’s experience reflects Alpicap’s trustworthiness. After dealing with negative experiences from other firms, he found Alpicap to be a refreshing change. Despite the absence of MT5, he found the trading conditions more than acceptable, and he even received his first payout of $2,400 without any issues. This positive outcome reinforces Alpicap’s commitment to reliability and transparency, setting it apart from other firms in the industry.
Overall, the feedback from traders consistently highlights Alpicap as a trustworthy and supportive prop trading firm. Their reputation for fairness, clear communication, and prompt payouts has earned them a loyal following among traders.
What We Think About Alpicap
Alpicap stands out as a prop firm that offers a solid balance between flexibility and risk management. The lack of time limits during the evaluation phase is a major plus, allowing traders to prove their skills at their own pace without the added pressure of racing against the clock. The fixed drawdown policy provides clarity, which many traders appreciate as it eliminates the uncertainty that trailing drawdowns can create.
The generous profit splits of up to 90% are highly competitive, making it an attractive option for traders who want to keep the majority of their profits. The bi-weekly withdrawal cycles also ensure that funded traders have regular access to their earnings, which is a significant advantage. Additionally, the diverse range of trading platforms, including DXTrade, MatchTrader, and cTrader, means traders have the tools they need regardless of their experience level.
However, the maximum capital size of $200,000 might feel limiting compared to other firms offering larger funding amounts. Still, Alpicap justifies this cap by focusing on optimal trading conditions and minimizing issues like slippage, which could be problematic with higher capital.
Overall, Alpicap provides a transparent, supportive, and flexible trading environment, making it a great choice for disciplined traders who prefer a well-structured, stress-free approach to prop trading. With its strong reputation, fair profit-sharing, and focus on trader success, Alpicap seems to be a firm that genuinely supports its community.
Alpicap FAQ
How is Drawdown Calculated?
Drawdown is calculated as a static value based on the initial capital deposited into the trading accounts and evaluations. This ensures consistency throughout the trading process.
Are There Any Monthly Fees?
There are no ongoing monthly fees. The two-phase evaluation program requires payment only for the challenge. No recurring charges apply.
How Often Can Withdrawals Be Made?
After becoming a live funded trader, the first payout is available after 30 days of trading. Subsequent withdrawals can be made bi-weekly.
Is the Evaluation Time-Limited?
No, there are no time limits for the evaluation phase. Traders can take as much time as needed to demonstrate consistent trading skills.
Are There Profit Targets on a Live Account?
There are no profit targets on live funded accounts. However, the account must maintain a positive balance at the end of the 30-day trading period to make a withdrawal.
Can EAs or Algos Be Used?
Yes, Expert Advisors (EAs) and indicators, including tools for risk management and automated trading systems, are allowed. However, the following strategies are prohibited during the funded phase:
- High-frequency trading (manual or automated)
- Hedge arbitrage trading
- Tick scalping
- Grid trading
- Martingale strategies
- One-sided betting
- Latency arbitrage trading
- Reverse arbitrage trading
- Copying trades from other traders
Any of these strategies detected in a live account will result in account termination. Third-party EAs must be verified before use.
Can Evaluation Profits Be Withdrawn?
Profits from the evaluation phase cannot be withdrawn. The evaluation serves to assess consistent trading without risking capital.
Is There a Lot Size Limit?
There are no maximum lot size limits during Phase 1 and Phase 2 of the evaluation. However, funded demo accounts have specific maximum lot size limits based on the account size.
Why is the Funding Limit Set at $200,000?
Alpicap was founded by experienced traders and liquidity risk managers. The decision to limit funding to $200,000 is made to ensure optimal trading conditions. Excessive capital beyond this amount could lead to slippage and poor execution, which are not suitable for retail traders.
Does the Account Need to Be in My Name?
Yes, accounts must be created in the trader’s name. This ensures proper payouts and risk management, as payments are made directly to bank accounts in the trader’s name.
Is News Trading Allowed?
News trading is permitted during the evaluation phases. However, there are restrictions to ensure risk is managed during volatile periods. Opening or closing positions is prohibited two minutes before and after major news events. This rule helps maintain fair trading conditions and minimizes the impact of rapid price fluctuations.
Is Weekend Trading Allowed?
Yes, weekend and overnight holding of trades is permitted.
Is Copy Trading Allowed?
No, copy trading is not allowed.
Can Accounts Be Merged?
Account merging is not allowed due to risk management and tracking purposes. However, traders can have up to three challenges simultaneously, with a total funding limit of $600,000. Each account should have a distinct trading strategy.
How Can Live Profits Be Withdrawn?
To request a withdrawal, access the dashboard and select the “Withdrawal/Profit Share” option. The payments team will verify eligibility and process the payout via Cryptocurrency or Bank Transfer.
After creating a funded account, the Independent Contractor Agreement must be signed, and a Payment Method form must be completed to provide a preferred payment method for future withdrawals.
Who Can Purchase Challenges?
Traders must be 18 years or older. Due to regulatory restrictions, services are unavailable to traders in the following countries: Cuba, Iran, North Korea, Myanmar, Russia (or the Crimea, Donetsk, or Luhansk regions of Ukraine), Somalia, and Syria. Services are also unavailable to individuals on sanction lists or with criminal records related to financial crime or terrorism.
Can Residents of the United States Participate in Challenges?
Yes, residents of the United States are welcome to participate. However, only the DXTrade and MatchTrader (MTR) platforms are available to traders from the US.