Alpha Capital Evaluation at a Glance
Alpha Capital Evaluation programs give traders access to simulated funded accounts through structured challenges. The firm offers 1-step, 2-step, and 3-step options with account sizes from $5,000 to $200,000. In our analysis of 24 active plans as of October 2026, profit targets range from 4 percent to 10 percent per phase while daily loss limits sit between 2 percent and 4 percent.
Key rules include profit targets between 4 percent and 10 percent per phase, daily loss limits from 2 percent to 4 percent, and static or trailing drawdown caps. Most plans require at least three trading days, and there is no time limit on challenges. We tested the cost structure across multiple account sizes and found smaller plans deliver better value per thousand dollars of buying power.
| Feature | Details |
|---|---|
| Phases | 1-step (Alpha One), 2-step (Alpha Pro, Alpha Swing), 3-step (Alpha Three) |
| Profit Targets | 4-10% per phase (e.g., $1,000 on $10K 1-step) |
| Drawdown | Static or trailing (e.g., $600 on $10K 1-step) |
| Min Trading Days | 1-3 per phase |
| Time Limit | None |
| Starting Price | $35-$1,090 (one-time) |
Traders who pass receive an 80 percent profit split with bi-weekly or on-demand payouts. Lune's prop firm directory tracks these rules across 47 firms and updates data automatically. For the complete breakdown of every plan and current rules, see the full Alpha Capital in-depth guide.
Challenge Phases & Structure
Alpha Capital runs its evaluations through four main program types. Each follows a clear sequence from signup to funded status. The firm offers one-step, two-step, and three-step challenges plus an instant funding option in select markets.
Step-by-Step Process
- Sign up and purchase a challenge. Choose an account size from $5,000 to $200,000 and select a program. Prices range from $35 for the smallest Alpha Three plan to $1,090 for the largest Alpha Swing plan. Payment is one-time with no activation fee.
- Complete the evaluation phase or phases. Alpha One requires one profit target. Alpha Pro and Alpha Swing require two targets. Alpha Three requires three targets. All plans enforce a daily loss limit, a max loss or trailing drawdown, and a minimum of one to three trading days.
- Receive funded status. Once you hit the final profit target and stay within rules, the account moves to funded. The profit split starts at 80 percent. Payouts become available bi-weekly or on-demand after meeting any minimum thresholds.
Key Differences Between Evaluation and Funded
During evaluation the focus stays on hitting profit targets while respecting strict drawdown and minimum-day rules. Funded accounts shift emphasis to consistent performance and regular payouts. Drawdown rules remain in place but traders gain access to 80 percent profit splits and scaling opportunities up to $2 million.
Alpha Capital does not impose time limits on challenges. This gives traders flexibility compared with firms that set hard deadlines.
Traders evaluating multiple firms can compare Alpha Capital rules side-by-side on Lune's prop firm directory. The directory includes live challenge data for 47 firms and helps match programs to your risk tolerance and trading style.
Profit Targets & Requirements by Account Size
Profit Targets
Alpha Capital structures its evaluations around clear profit targets that scale with account size. These targets represent the simulated performance needed to advance through each phase and qualify for a funded account. All programs maintain an 80 percent profit split once funded.
The data below covers every active challenge listed on the firm site as of 2026. Notice how profit targets remain consistent as a percentage of account size across one-step, two-step, and three-step formats.
| Program | Size | Steps | Profit Targets | Daily Loss | Max Drawdown | Price |
|---|---|---|---|---|---|---|
| Alpha Three | $5,000 | 3 | $400 / $200 / $200 | $200 | $300 static | $35 |
| Alpha Swing | $5,000 | 2 | $500 / $250 | $250 | $500 static | $57 |
| Alpha Pro | $5,000 | 2 | $400 / $250 | $250 | $500 static | $49 |
| Alpha One | $5,000 | 1 | $500 | $200 | $300 trailing | $50 |
| Alpha Three | $10,000 | 3 | $800 / $400 / $400 | $400 | $600 static | $70 |
| Alpha Swing | $10,000 | 2 | $1,000 / $500 | $500 | $1,000 static | $112 |
| Alpha Pro | $10,000 | 2 | $800 / $500 | $500 | $1,000 static | $97 |
| Alpha One | $10,000 | 1 | $1,000 | $400 | $600 trailing | $100 |
| Alpha Three | $25,000 | 3 | $2,000 / $1,000 / $1,000 | $1,000 | $1,500 static | $140 |
| Alpha Swing | $25,000 | 2 | $2,500 / $1,250 | $1,250 | $2,500 static | $227 |
| Alpha Pro | $25,000 | 2 | $2,000 / $1,250 | $1,250 | $2,500 static | $197 |
| Alpha One | $25,000 | 1 | $2,500 | $1,000 | $1,500 trailing | $175 |
| Alpha Three | $50,000 | 3 | $4,000 / $2,000 / $2,000 | $2,000 | $3,000 static | $210 |
| Alpha Swing | $50,000 | 2 | $5,000 / $2,500 | $2,500 | $5,000 static | $342 |
| Alpha Pro | $50,000 | 2 | $4,000 / $2,500 | $2,500 | $5,000 static | $297 |
| Alpha One | $50,000 | 1 | $5,000 | $2,000 | $300 trailing | $297 |
| Alpha Three | $100,000 | 3 | $8,000 / $4,000 / $4,000 | $4,000 | $6,000 static | $350 |
| Alpha Swing | $100,000 | 2 | $10,000 / $5,000 | $5,000 | $10,000 static | $572 |
| Alpha Pro | $100,000 | 2 | $8,000 / $5,000 | $5,000 | $10,000 static | $497 |
| Alpha One | $100,000 | 1 | $10,000 | $4,000 | $6,000 trailing | $497 |
| Alpha Swing | $200,000 | 2 | $20,000 / $10,000 | $10,000 | $20,000 static | $1,090 |
| Alpha Pro | $200,000 | 2 | $16,000 / $10,000 | $10,000 | $20,000 static | $947 |
| Alpha One | $200,000 | 1 | $20,000 | $8,000 | $12,000 trailing | $947 |
| Alpha Three | $200,000 | 3 | $16,000 / $8,000 / $8,000 | $8,000 | $12,000 static | $665 |
Time Limits & Minimum Trading Days
Alpha Capital imposes no overall time limit on any challenge. Traders may take as long as needed to reach the profit targets, provided they meet the minimum trading day requirement.
Most two-step and three-step programs require three minimum trading days. One-step programs lower this to a single day. This structure rewards consistency without forcing rushed decisions.
Drawdown rules differ by program type. Static drawdown stays fixed at the starting balance. Trailing drawdown moves with peak equity in one-step options. Always verify the exact rule for the plan you select before starting.
Alpha Capital Challenge Cost & Account Options
Alpha Capital runs 24 challenge programs with one-time fees that scale by account size and step count. Fees start at $35 for the smallest accounts and reach $1,090 for the largest. Every program uses an 80 percent profit split and static or trailing drawdown rules depending on the plan type.
| Program | Account Size | Type | Price | Profit Targets | Daily Loss | Max Loss |
|---|---|---|---|---|---|---|
| Alpha Three | $5,000 | 3-step | $35 | 400 / 200 / 200 | $200 | $300 (static) |
| Alpha Swing | $5,000 | 2-step | $57 | 500 / 250 | $250 | $500 (static) |
| Alpha Pro | $10,000 | 2-step | $97 | 800 / 500 | $500 | $1,000 (static) |
| Alpha One | $10,000 | 1-step | $100 | 1,000 | $400 | $600 (trailing) |
| Alpha Three | $25,000 | 3-step | $140 | 2,000 / 1,000 / 1,000 | $1,000 | $1,500 (static) |
| Alpha Swing | $50,000 | 2-step | $342 | 5,000 / 2,500 | $2,500 | $5,000 (static) |
| Alpha Pro | $100,000 | 2-step | $497 | 8,000 / 5,000 | $5,000 | $10,000 (static) |
| Alpha Swing | $200,000 | 2-step | $1,090 | 20,000 / 10,000 | $10,000 | $20,000 (static) |
Traders should compare the true cost per thousand dollars of account size. The Alpha Three 5K plan costs $35, or roughly $7 per $1,000. The Alpha Three 10K plan matches that ratio at $70. Larger plans such as the Alpha Swing 200K rise to about $5.45 per $1,000, so smaller accounts often deliver better entry value for new traders. We calculated these ratios directly from the published fee schedule to highlight value differences across tiers.
Alpha Capital currently lists no active promo codes. Check back on the Lune prop firm comparison page for the latest offers. Lune also tracks rule changes across 47 firms so you can compare costs and requirements in one place before you pay any fee.
- Alpha Capital offers 24 challenge plans across 1-step, 2-step, and 3-step formats with account sizes up to $200,000 and an 80 percent profit split.
- Smaller accounts deliver better value at roughly $7 per $1,000 of buying power compared with larger plans at $5.45 per $1,000.
- No time limits on challenges combined with 1-3 minimum trading days reward consistency over speed.
- Static drawdown applies to most plans while trailing drawdown appears only in Alpha One programs; verify the exact rule before starting.
- Compare all 47+ firms side-by-side on Lune before committing to any evaluation fee.
Frequently Asked Questions
How long does it take to pass the Alpha Capital evaluation?
Most traders complete the Alpha Capital evaluation in 30 to 60 days when they consistently hit profit targets while respecting daily and overall drawdown limits. The process requires a minimum number of trading days in each phase before advancing. Faster completion is possible for skilled traders who meet all rules early.
What is the Alpha Capital profit target?
Alpha Capital sets an 8 percent profit target in the first phase and a 5 percent target in the second phase for its standard two-step challenge.[2] These targets apply to the simulated account balance chosen at signup. Traders must reach the goal without breaching risk parameters to advance.
How much does the Alpha Capital challenge cost?
Challenge fees start at around 99 dollars for the smallest account sizes and scale up to several hundred dollars for larger funded accounts up to 200000 dollars.[3] Pricing varies by account size and any current promotions. All fees are one-time payments to enter the evaluation.
Is Alpha Capital one-step or two-step?
Alpha Capital operates a two-step evaluation process that includes two separate profit target phases before funded status.[4] Each phase has its own rules and minimum trading day requirements. There is no single-step option currently available.
Does Alpha Capital offer instant funding?
Alpha Capital does not provide instant funding programs and requires all traders to complete the full evaluation challenge first.[5] Instant funding is not part of their model. Traders must demonstrate consistency through the challenge phases.
What happens after I pass the Alpha Capital evaluation?
Successful traders receive a funded simulated account with an 80 percent profit split and ongoing access to the same trading platform.[6] Payouts are processed on a regular schedule once performance targets are met in the funded stage. The account remains subject to the firm's risk rules to maintain funding status.
Sources
- 1Alpha Capital | UK Prop Trading Firm | Evaluation up to $200K simulated fundsalphacapitalgroup.uk
- 2Alpha Capital Review 2026: Best Challenge & Rules Explainedthepropjournalist.com
- 3Alpha Capital Group Review | Payouts, Fees | TraderVerifiedtraderverified.com
- 4Alpha Capital Full Prop Firm Review 2026: Rules & Feesbestpropfirms.com
- 5
- 6Alpha Capital Group Review 2026: Forex Prop Firm, 80% Splitpropfirmreviews.net
- 7
- 8What is a Trading Evaluation? (2026) | Alpha Capitalalphacapitalgroup.uk
Lune Research & Editorial Team
The Lune Editorial team covers futures trading, prop firm evaluations, automation, and the trading-tooling landscape. Every post is researched against primary sources, real platform data, and Lune's own infrastructure benchmarks.
Published: October 12, 2026
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