Alphachain Review

Their offerings have received certification from CPD. Furthermore, they guarantee live funded accounts and their courses are facilitated by accredited financial technicians and seasoned institutional traders.

Alphachain empowers its traders to attain financial independence, regardless of their origins or backgrounds. They prioritize discipline and a long-term vision of consistency from their clientele. By managing accounts with balances of up to $1,280,000 and retaining profit splits as high as 50%, traders can prosper. This can be achieved by trading Forex pairs, commodities, equity indices, and cryptocurrencies.

Who are Alphachain?

Alphachain was established on August 19, 2020, with its headquarters in London, UK. They present five distinct program options, with potential expansion up to $1,280,000. They permit trading on MetaTrader 4, in collaboration with a third-party liquidity provider, LMAX, a renowned FCA-regulated liquidity provider.

‍

Their primary office is at 43 Berkeley Square, Mayfair, London, W1J 5AP.

Funding program options

Alphachain provides traders with two primary funding routes:

• Evaluation program
• Direct Funding program

For Evaluation programs, options include:

• $20,000 account for £349
• $40,000 account for £499

These Evaluation programs are a singular phase, starting at $5,000 for the $20,000 account and $10,000 for the $40,000 account. Stage one necessitates a 6% profit goal, while adhering to a 5% maximum drawdown or a weekly 5% risk limit. Upon completion, the account balance increases fourfold. Further progression requires a 10% profit target, without exceeding a 10% drawdown or weekly 5% risk. Every successful completion results in a doubling of the account balance, reaching a potential of $1,280,000.

Traders are granted a 100:1 leverage, respecting an increasing lot size limit with each progression. They are entitled to a 50% share of the profits earned.

e.g. scaling plan for $5,000 starting capital account:

‍

e.g. scaling plan for $10,000 starting capital account:

Direct Funding program choices include:

• $15,000 account for £795
• $20,000 account for £999

Direct Funding does not necessitate evaluation accounts. Trading begins immediately, and traders start accumulating profit shares from their earnings.

Five additional funding options with accompanying educational courses are available:

• Global Trader Programme
• Algorithmic Trader Programme
• Cryptocurrency Trader Programme
• Forex Trader Programme
• Cryptocurrency Algorithmic Trader Programme

The Global Trader Programme offers the subsequent for a singular fee of £3,420:

• Month 1 (Week 1 & 2): Comprehensive Strategy Lessons
• Month 1 (Week 3 & 4): Hands-on demo account experience
• Month 2: Formulation of Strategy & Examination
• Month 3: Advanced Testing & Evaluation

By immersing yourself in this three-month journey, you'll master the application of technical markers and craft a robust trading framework:

• Diversified market trading (Forex pairs, commodities, equity indices, cryptocurrencies)
• Result analysis proficiency
• Unlock core trading methodologies
• Master risk control measures
• Assured initial capital of $20,000

The Global Trader Programme unfolds in four pivotal segments:

1. Enrollment (the educational journey of three months)
2. Accreditation (scrutiny of your trade methodologies)
3. Secured funding (post-accreditation, you’re endowed with $20,000 capital)
4. Evolution (opportunity to expand your funds up to $1,280,000)

‍

Refer to the depicted scaling plan. To transition from one phase to another, you need to achieve a 10% profit while adhering to a 10% drawdown limit. Adherence to the stipulated lot size is mandatory. Successfully navigating a phase means your capital and lot size restrictions amplify twofold.

One highlight: Upon validation and after acquiring a funded account, you qualify for a 50% share in profits.

‍

The Algorithmic Trader Programme entails the following for a fixed fee of £3,420:

• Initiation to automated trade
• Framework of victorious algorithmic trade methodologies
• Coding foundation
• Use of TradingView Pine Editor
• Development of your technical markers
• Both Backtesting and Forward-testing
• Algorithmic Trading Protocols
• Real-time Trading

Engage in this three-month curriculum to amass substantial coding proficiency; prior coding knowledge isn’t necessary:

• Innovate and hone Algorithmic blueprints
• Generate novel indicators
• Obtain trade strategy blueprints
• Guaranteed kick-off capital of $20,000

The Algorithmic Trader Programme encompasses four cardinal segments:

1. Enrollment (three months of education)
2. Accreditation (scrutiny of your trade blueprints)
3. Secured funding (on accreditation, you’re allocated $20,000 capital)
4. Evolution (potential to burgeon your capital to $1,280,000)

Please consult the scaling chart provided. Transitioning phases necessitates hitting a 10% profit goal and abiding by a 10% drawdown constraint. Observance of the defined lot size is imperative. Each triumphant phase progression leads to a doubling of your fund and lot size limitations.

A noteworthy point: Post-approval and upon being funded, you stand to gain a 50% share in profits.

‍

Cryptocurrency Algorithmic Trader Programme is provisioned for a singular fee of £3,950, offering:

• Intro to Cryptocurrency & Mechanized trading
• Essentials for constructing an algorithmic trading blueprint
• Coding foundation
• Employing the TradingView Pine Editor
• On-chain metric examination
• Backtesting, Forward-testing
• Algorithmic Trade Protocols
• Real-time Trading

Over three months, immerse in a thorough exploration of cryptocurrency on-chain scrutinization and amass extensive coding expertise; beginners are welcome:

• Comprehend crypto asset dynamics
• Master various on-chain indicators
• Acquire trade strategy blueprints
• Assured capital of $20,000 to begin with

The Cryptocurrency Algorithmic Trader Programme is segmented into four:

1. Enrollment (three-month instruction phase)
2. Accreditation (evaluation of your trade designs)
3. Secured funding (post-certification, $20,000 capital is allocated)
4. Evolution (opportunity to escalate capital to $1,280,000)

‍

The scaling diagram illustrates the progression. To advance, one must achieve a 10% profit while respecting a 10% drawdown limit, and abide by the given lot size. Successfully graduating from one stage results in a twofold increase in both capital and lot size constraints.

A highlight: After validation and funding, you qualify for a 50% profit share.

The Cryptocurrency Trader Programme, priced at £2,250, encompasses a month's training, offering:

• MT4 basics
• Technical Analysis execution
• Cryptocurrency Trading essentials
• Risk mitigation techniques
• Strategy formulation
• Both Backtesting and Forward-testing
• Trade simulations
• Personalized mentoring sessions
• Daily Interactive Webcasts
• Initial capital of $10,000 for trading

You’ll be equipped to deal in these assets:

• Bitcoin (BTCUSD)
• Ethereum (ETHUSD)
• Bitcoin Cash (BCHUSD)
• Litecoin (LTCUSD)
• Ripple (XRP)

Cryptocurrency Trader Programme breakdown:

• Four-week structured instruction
• Capability to deal using institutional leverage
• Regular evaluations with a Senior Trader to enhance your trade results
• Continual group and individual mentorship
• Share 50% of profits earned (this isn’t a salaried position)
• A flexible schedule with no fixed working hours

‍

Refer to the scaling diagram provided. The potential to quadruple your starting $10,000 exists by achieving a 6% profit target without exceeding a 5% drawdown. Adherence to the specified lot size is necessary. Post the first stage, each subsequent phase necessitates a 10% profit target and a 10% maximum drawdown. Successful graduation from a phase doubles your fund and lot size limitations.

One more thing to keep in mind: On approval and post-funding, you’re entitled to a 50% share in profits.

The Funded Forex Trader Programme, priced at £1,950, encompasses a month's curriculum and offers:

• MT4 foundation
• Execution of Technical Analysis
• Forex Trading basics
• Techniques for Risk mitigation
• Strategy drafting
• Both Backtesting and Forward-testing
• Trade simulations
• Personalized mentorship
• Engaging daily webcasts
• Starting with a $10,000 trading fund

Funded Forex Trader Programme breakdown:

• A structured four-week training
• Capability to transact with institutional leverage
• Regular sessions with a Senior Trader to fine-tune performance
• Continuous collective and individual mentorship
• You get to share 50% of profits earned (this isn’t an employment-based role)
• Program flexibility with no strict working timelines

‍

The scaling chart provides a clear roadmap. With an opportunity to quadruple your initial $10,000, you need to hit a 6% profit without breaching a 5% drawdown. Observing the stipulated lot size is crucial. After the inaugural stage, each subsequent one requires a 10% profit target, respecting the 10% maximum drawdown. With each phase cleared, your capital and lot size limits double.

Another consideration: Upon validation and securing your fund, a 50% share in profits awaits you.

What sets Alphachain apart from other prop firms?

Distinct from many top-tier prop firms, Alphachain boasts a broad range of trading programs complemented by a robust educational phase, leading to potential funding opportunities. They also present the conventional Evaluation or Direct Funding initiatives.

It's important to note that while holding positions overnight is permitted, you're restricted from trading during news releases and retaining positions over the weekend. Additionally, the use of EA’s is off-limits.

Alphachain provides a leverage of 100:1 across their funding program choices, setting them apart from other prop firms. Their Evaluation comprises a single phase, demanding a modest 6% profit target. In contrast, entities like FTMO follow a 2-phase evaluation, with a 10% Profit Target in the initial phase and 5% in the succeeding one, making Alphachain a more accessible funding route.

What truly distinguishes them from competitors is the requirement of 30 minimum trading days at each level of their scaling plans. Although this extends the time frame to elevate your account, it ensures traders exercise adequate risk management. The combination of the 30-day minimum with set lot size restrictions is indeed beneficial for those traders who emphasize discipline over time.

Is acquiring capital from Alphachain feasible?

When assessing prop firms, understanding the practicality of their trading prerequisites is crucial. A firm might offer a lucrative profit split, but if they mandate steep monthly gains coupled with stringent drawdown limits, the likelihood of success dwindles.

Given these considerations, Alphachain emerges as a commendable option for potential funding. Their offering is diverse: from a one-phase evaluation to direct funding, and even a selection of five programs initiating with an educational segment. Once you demonstrate your prowess and effective strategy, you're awarded funding, which can also be progressively scaled similar to other funding models.

While trading during news events and retaining positions over the weekend is forbidden, the flexibility to maintain overnight positions is a bonus.

An advantageous feature remains the integration of the 30-day trading minimum with lot size boundaries, a boon for any trader who values discipline and consistent growth.

Proof of Payment

Established on the 19th of August, 2020, Alphachain is a reputable proprietary trading firm.

Evidence of payments can be observed in the two images attached below.

Who is Alphachain's broker of choice?

Instead of collaborating with mainstream broker brands, Alphachain has established a partnership with a 3rd party liquidity provider to serve as their broker. Included in their lineup of liquidity providers is LMAX, a prominent FCA-sanctioned entity.

Regarding trading platforms, Alphachain accommodates trades via MetaTrader 4.

Trading instruments

Alphachain lets users trade with forex pairs, commodities, equity indices, and cryptocurrencies, depending on the type of program you select, with a 100:1 leverage.

Trading fees

Trading commission:

Training & Assistance for Traders

Alphachain boasts exceptional educational offerings, accessible when you opt for any of the five highlighted trading programs. Their dedicated team is at your disposal to assist in pinpointing an ideal trading strategy tailored for you.

When you engage, you'll be furnished with insights on:

• A basic overview of MT4
• Methods to execute technical and fundamental assessments
• Effective risk management techniques
• Strategizing your approach
• The art of backtesting and forward-testing
• Trading scenario exercises
• One-on-one mentorship
• Regular engaging webinars

They don't maintain a presence on ForexFactory.

Feedback from Traders on Alphachain

The sentiments towards Alphachain are overwhelmingly positive.

On Trustpilot, their community frequently shares upbeat feedback, culminating in a stellar rating of 4.7/5 based on 142 evaluations.

An impressive segment of their user base extols the virtues of their educational outreach and the instructional programs available to clients. Many attest to the inclusivity of Alphachain, enabling even novices to carve out an effective trading strategy in collaboration with their specialists.

Prominent mentions also encompass the one-on-one mentorship and the emphasis on psychological training extended to traders.

Digital Footprint

Alphachain maintains a robust online presence.

Their digital footprint includes:

• A LinkedIn profile with 23,283 members,
• An Instagram handle with 4,066 aficionados,
• A Youtube channel amassing 5.25k subscribers and boasting 235 videos,
• A Twitter handle followed by 290 individuals,
• A Facebook page liked by 314 enthusiasts, and
• A Telegram channel subscribed to by 1,272 users.

Client Assistance

Alphachain hosts an FAQ section located at the tail-end of the Alpha Funded Trader page, which may address any outstanding queries.

Their assistance brigade can be reached via their social media handles or a direct email to info@alphachain.co.uk.

Online chat support on their website is operational between Monday – Friday, spanning from 8 AM to 5 PM.

For those preferring a telephonic discourse, Alphachain can be reached at +44 20 7097 3984.

Final Thoughts

To sum it up, Alphachain stands out as a reputable prop firm that extends funding either through a singular phase evaluation, outright funding, or via five distinct education-centric avenues. They offer the possibility to escalate account balances to a staggering $1,280,000, with enticing 50% profit-sharing terms.

Alphachain comes highly recommended for those showcasing consistent performance metrics. Given the rich educational infrastructure they've put in place, they cater to a diverse range of trading preferences and expertise.

When juxtaposed against names like FTMO, My Forex Funds, The5%ers, etc., the educational depth that Alphachain provides can be a boon to both newcomers and seasoned traders, fostering continuous learning and feedback from the Alphachain elite.

This comprehensive review of Alphachain was last refreshed on 25.05.2023 at 08:54 (CE(S)T).

So, how does the framework of this Proprietary Trading firm resonate with you? Does Alphachain encompass the tools vital to your trading aspirations?

Do share your thoughts on this in-depth analysis of the Alphachain Proprietary Trading firm!

‍