About Alpha Capital Group & Overview

Alpha Capital Group, often called ACG or Alpha, presents itself as a proprietary trading / funding firm (prop firm) based in the United Kingdom. They invite traders to complete evaluation phases, pass them, and access funded accounts to share profits.

Their site describes them as “traders for traders,” focused on supporting consistent, disciplined trading. They emphasize clarity, community, and tools to help performance.

Alpha’s branding also offers promo codes and discounts for evaluation accounts, allowing traders occasional reductions in fees.

History, Registration & Corporate Details

Alpha Capital Group is registered in England & Wales as company number **13719951**. Their registered office is at 10 Lower Thames Street, Billingsgate, London. Their Terms & Conditions confirm this registration.

Additionally, corporate filings show they operate under **Alpha Capital Group Limited** in Companies House records, with annual filings on record.

Prop firm comparison sites indicate that Alpha Capital’s prop arm is tied with “ACG Markets / ACG-Markets.com” as its executing broker wing, offering instruments across forex, indices, and commodities. Their listed CEO is Andrew Blaylock, and sometimes jointly with George Kohler.

Leadership, Founders & Transparency

Publicly, Alpha Capital does not robustly display a full executive team or founder biographies. The prop firm listing suggests Andrew Blaylock and George Kohler as chief officers overseeing operations. Whether they are founders is less certain.

Because leadership transparency is sparse, traders should request official executive bios or proof of background to gain confidence before committing large capital.

Business Model & Funding Structure

Alpha Capital’s business model mirrors many prop firms:

• Traders pay for evaluation / assessment accounts (challenges).
• They must meet profit targets while respecting drawdown and risk rules.
• On passing, they transition to funded accounts and share profits with the firm.
• Scaling opportunities may allow increased capital over time for successful traders.

The firm also benefits from its in-house broker arrangement, where ACG Markets executes trades, possibly capturing spreads or fees at the brokerage level.

Evaluation Programs, Offers & Discounts

Alpha uses a multi-step assessment structure. Some traders begin with a “Step 1” evaluation, then proceed to “Step 2 / Qualified Analyst” levels.

On its homepage, Alpha advertises **20% off all evaluations** using the promo code **ALPHA20** as a limited-time discount.

Prop firm review listings show their evaluation sizes range from \$25,000 to \$200,000. The profit targets and drawdowns per stage vary accordingly.

Members of their “Alpha Analyst” community network receive further perks, such as occasional cashback, contest-based challenges, or bonus promotion codes.

Trading Rules, Drawdowns & Hidden Clauses

Published / Known Rules

• Maximum total drawdown / static loss limit: often cited as 10% across many accounts.
• Daily loss / daily drawdown limits — monitoring of worst daily performance.
• Profit target thresholds differ by phase (for example 8% in phase 1, 5% in phase 2 in some listings).
• No inactivity beyond 30 days — accounts in all phases are limited to 30-day inactivity before freeze or closure.
• Leverage limits depend on the plan, with forex, indices, and commodities having distinct caps.

Reported Hidden / User-Reported Clauses & Risks

• One user claimed Alpha changed rules (such as lot size requirements) after the trader had already passed multiple phases — applying them retroactively.
• Complaints about account closures or payout refusals citing “order spamming” or “max lot rule violations” which were allegedly not disclosed in original terms.
• Some traders report long “review” periods after passing a challenge, delaying funding or access to the funded account.
• Forum voices caution that Alpha may flag profitable traders more strictly, especially when strong performance emerges.

Payouts, Withdrawal Policies & Challenges

Alpha Capital’s Trustpilot profile includes many positive testimonials of prompt payouts and smooth processing, with users citing friendly support.

That said, negative reviews also exist where users claimed delay or denial of payouts after passing challenges. Some cite disagreements over KYC or trading rule interpretation.

Alpha’s evaluation conditions include KYC / account verification steps before approving withdrawal. Some users said they received funding, but withdrawals were held until further identity checks completed.

Withdrawal minimums, payment routes (bank transfer, modern payment processors) and withdrawal fees are less clearly disclosed; traders should confirm with support before phase purchase.

Trustpilot & Community Reputation

Alpha Capital has a **Trustscore around 4.6 / 5** based on over 13,000 reviews. Many users praise fast support, smooth payouts, and clear trade conditions. A large portion are 5-star reviews.

However, around 8% of reviews are 1-star. These typically raise issues like account termination, payout refusal, or KYC conflicts.

Prop firm review sites note this dichotomy: strong marketing and positive user base, but a nontrivial volume of cautionary stories. Many experienced prop-firm reviewers recommend reading critical feedback carefully before committing.

User Feedback, Complaints & Forum Voices

• A Reddit post from a prop firm tester accused Alpha of “changing rules mid-stream” and burying negative feedback through giveaways or suppression.
• On Forex Peace Army, one user alleged that after passing challenges, Alpha refused to issue a funded account citing new rules not present earlier. Others reported “order spamming” breaches as excuses.
• Supporters in other forums say that good traders have been paid successfully, and that disputes can often be resolved by submitting evidence to support.

The mixed feedback reinforces that experience may vary by region, account size, or trader performance. Document everything if you interact with Alpha.

Strengths, Weaknesses & Red Flags

Strengths

• Strong presence and reputation: many positive reviews from traders.
• Discount offers and promo codes reduce entry cost.
• Well-registered company in UK with formal corporate filings.
• Scaling capabilities and multiple evaluation tiers appeal to different trader levels.
• Broker integration (ACG Markets) lets Alpha control execution environment.

Weaknesses & Red Flags

• Limited visible transparency about leadership backgrounds.
• Reports of retroactive rule changes harming profitable traders.
• Payout denials or delays in some user reports.
• Forum claims about rule suppression or negative feedback removal.
• Critical user reviews often cite ambiguous rule definitions or late disclosure of constraints.

Tips Before Joining Alpha Capital

1. Use a small evaluation size first. Test how rules and support are enforced with minimal investment.
2. Request leadership disclosure. Ask for documentation about executives or founders if that matters to you.
3. Document every trade. Keep logs, screenshots, timestamps in case you need to dispute rule violations.
4. Trade conservatively. Avoid aggressive or high-leverage bets until you’re confident of rule consistency.
5. Complete KYC early. Don’t delay identity verification — it may be required for withdrawal.
6. Confirm discount codes directly. Always verify promo or offer authenticity with support before applying.
7. Request small withdrawal early. Test the payout pipeline before scaling your account size.
8. Monitor user forums and review trends. Patterns of complaints are more meaningful than single complaints.
9. Ask for rule clarifications in writing. If you see ambiguous terms, get official support confirmation before proceeding.
10. Don’t assume marketing equals reality. Execution, consistency, and fair rule enforcement matter far more than flashy promises.

Conclusion: Is Alpha Capital Trustworthy?

Alpha Capital Group presents a professionally packaged prop firm option. It has UK registration, many satisfied traders, discount offers, and structured evaluation paths. These are strong positives.

However, traders must be cautious. The presence of 1-star reviews raising payout issues, rule changes, or account closure warnings means you should never assume everything will go smoothly. The more documentation, cautious entry, and early testing you do, the safer you will be.

If you decide to try Alpha Capital, start small, document rigorously, confirm withdrawal experience, and validate rules in writing. If they deliver fair performance and payouts as advertised, it may be a viable option. But don’t skip the diligence — prop trading always carries risk.