When choosing a proprietary trading firm, it is essential to consider various attributes that align with individual trading styles and goals. Alpha Capital Group and Alphachain are two prominent prop firms that offer distinct advantages to retail traders. Through this comparison, we aim to provide potential users with a clear understanding of what each firm has to offer, to help them make an informed decision.
Alpha Capital Group stands out for its generous maximum capital allocation of $2,000,000, enabling traders to scale their strategies considerably with an appealing 80% profit share. The firm features a strong Trustpilot rating of 4.6/5, indicative of a reliable reputation within the trader community. Traders also benefit from the convenience of bi-weekly payouts, flexibility in trading styles with overnight, weekend, and news trading permissions, and a professional dashboard that supports efficient management of trading activities.
However, traders at Alpha Capital Group are limited to a narrower range of trading instruments, mainly Forex pairs, commodities, and indices, which might be constricting for those looking to diversify across a broader market spectrum. The firm enforces a lot size limit and consistency rule, alongside a minimum average trade duration of 2 minutes, which may restrict high-frequency and some scalping strategies.
Alphachain is another formidable player in the prop firm arena, showcasing its commitment to nurturing trader growth through premium educational offerings and mentorship from industry experts. With a slightly higher Trustpilot score of 4.7/5, Alphachain's scaling potential reaches up to $1,280,000, and includes a spectrum of account programs and funding models suitable for different trading strategies. The firm also allows overnight holding of positions during weekdays and processes withdrawals using both bank wire and crypto options - a plus for traders preferring alternative withdrawal methods.
On the flip side, Alphachain places a restriction on trading over weekends and during news releases, potentially limiting traders who capitalize on these periods of high market volatility. The firm also requires a minimum of 30 active trading days, which could delay traders seeking a more aggressive start. Moreover, the prohibition on EAs may deter those who prefer automated trading systems.
Both Alpha Capital Group and Alphachain have a set of strict trading rules. Traders must adhere to lot size limits and meet profit targets set by both firms. Alpha Capital Group prohibits the use of martingale strategies, mandates maximum daily and total loss limits, and insists on a certain minimum number of trading days. Alphachain, while allowing a bit more leniency in terms of daily losses by setting weekly limits, enforces a no news trading rule and requires stop loss on all positions. These rules could significantly impact the trading approach for many prospective traders.
Comparing account features, Alpha Capital Group offers multiple account sizes ranging from $10,000 to $200,000, while Alphachain's exact account sizes are unspecified but their scaling potential is noteworthy. Funding and withdrawing are relatively similar across both firms with options that include credit/debit cards for deposits. While Alpha Capital Group settles withdrawals via bank wire or Deel, Alphachain offers the additional advantage of crypto withdrawals, which could be seen as more accessible in certain regions.
Another aspect to consider is the range of tradeable instruments. With Alpha Capital Group, traders are restricted to commodities, Forex, and indices, whereas Alphachain also extends to cryptocurrencies, adding a layer of diversity for traders interested in digital assets. Both entities operate with accounts denominated in USD, providing stability for traders considering currency exchanges.
In conclusion, both Alpha Capital Group and Alphachain present compelling offerings to retail traders. Choosing between the two would depend on the trader's preference for instructional support, variety of tradeable instruments, and flexibility in trading rules. Alpha Capital Group's high capital ceiling and favorable profit share make it an attractive choice for traders looking to scale quickly, while Alphachain's emphasis on education and mentorship may be preferable for traders who value guidance and developmental resources. As each firm has its unique set of rules and constraints, traders should carefully evaluate how these conditions align with their personal trading strategies and long-term objectives.
Traders must consider their own trading discipline, style, and preference for market engagement, as these factors will largely influence the suitability of either firm. It is advisable for prospective users to utilize free trials when available and thoroughly review user testimonials and the firm's community presence to gauge overall satisfaction and support systems.