Alphachain Review
1.8

Alphachain Review

Alphachain has a belief in growing their talent. For that exact reason, they have developed a unique career path with live capital to fund prop traders regardless of their experience or academic background.
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Their programs are certified by CPD. They also include guaranteed live funded accounts and are delivered by certified financial technicians and experienced institutional traders.

Pros
  • Scaling up to $1,280,000
  • Basic evaluation and direct funding program options
  • Five different account program type options with educational periods before getting funded
  • Overnight holding allowed (Monday - Friday)
  • 100:1 leverage
  • Great education and guidance from professionals
Cons
  • Lot size limits
  • The minimum active trading days 30
  • News trading and weekend position holding is not allowed

Alphachain encourages its traders to achieve financial freedom, no matter their background or where they come from. The main priority that they expect from their clients is that they are disciplined individuals who focus on long-term consistency. They allow them to earn high profits by managing account sizes up to $1,280,000 and taking home profit splits of up to 50%. They can achieve this by trading Forex pairs, commodities, equity indices, and cryptocurrencies.

Who are Alphachain?

Alphachain is a proprietary trading firm incorporated on the 19th of August, 2020, and based in the UK, London. They are offering five different program-type options with a chance to scale them up to $1,280,000 in balance. They allow you to trade on MetaTrader 4 while partnered with a 3rd party liquidity provider as their broker. Their liquidity provider includes LMAX, a large FCA-regulated liquidity provider.

Their headquarters are located at 43 Berkeley Square, Mayfair, London, W1J 5AP.

Funding program options

Alphachain offers its traders two classic funding options.

They can choose from:

  • Evaluation program
  • Direct Funding program

From Evaluation programs, you can choose from:

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

Evaluation programs are a one-stage program with a starting balance of $5,000 for the $20,000 account and a starting balance of $10,000 for the $40,000 account. For stage one, you are required to reach a profit target of 6% without surpassing the maximum drawdown of 5% or a weekly risk limit of 5%. Upon successful completion, your account balance gets multiplied by four times. For further scaling up, you must hit a profit target of 10% without surpassing the maximum drawdown of 10% or a weekly risk limit of 5%. Every successful completion doubles your account balance up to $1,280,000.

You are allowed to trade with 100:1 leverage while respecting the maximum lot size limit, which increases after each scale-up stage. You are rewarded with 50% profit splits on the profits you make.

Scaling plan for the $5,000 starting capital account:

Scaling plan for the $10,000 starting capital account:

From Direct Funding programs, you can choose from:

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

Direct Funding programs don’t require traders to prove themselves on evaluation accounts. They start trading right away and start earning profit splits from the profits they make. For stage one, you are required to reach a profit target of 6% without surpassing the maximum drawdown of 5% or a weekly risk limit of 5%. Upon successful completion, your account balance gets doubled. For further scaling up, you must hit a profit target of 10% without surpassing the maximum drawdown of 10% or a weekly risk limit of 5%.

You are allowed to trade with 100:1 leverage while respecting the maximum lot size limit, which increases after each scale-up stage. You are rewarded with 50% profit splits on the profits you make.

Alphachain also offers its traders five different funding options with an educational course.

They can choose from:

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

Global Trader Programme includes the following for a one-time fee of £3,420:

  • Month 1 (Week 1 & 2): Intensive Strategy Course
  • Month 1 ( Week 3 & 4): Demo account learning
  • Month 2: Strategy Planning & Testing
  • Month 3: Further Testing & Assessment

By going through the three months of learning, you will learn how to use various technical indicators and build a solid trade plan:

  • Trading multiple markets (Forex pairs, commodities, equity indices, cryptocurrencies)
  • Analyzing your results
  • Receive access to core strategies
  • Learn how to manage risk
  • $20,000 starting capital guaranteed

The Global Trader Programme has four major chapters:

  1. Membership (the three month education period)
  2. Certification (inspection of your trading strategies)
  3. Guaranteed capital (after completing certification, you get funded with $20,000 capital)
  4. Process (chance to scale your account up to $1,280,000)

You can see the scaling plan in the picture above. Completing a stage requires a profit target of 10% with a 10% maximum drawdown rule. You must also respect the maximum lot size limit for each stage. With every successful completion of a stage, your balance and lot size limit double.

Another thing you should consider is that after getting approved and receiving a funded account, you become eligible for 50% profit splits.

Algorithmic Trader Programme includes the following for a one-time fee of £3,420:

  • Introduction to automated trading
  • Building successful algorithmic trading strategies
  • Learn to code
  • TradingView Pine Editor
  • Coding your technical indicators
  • Backtesting and Forward-testing
  • Automated Trading Strategies
  • Live Trading

By going through the three months of learning, you will acquire a lot of coding knowledge, and no previous coding experience is required:

  • Create and develop Algorithmic strategies
  • Create new indicators
  • Reveice trading strategy templates
  • $20,000 starting capital guaranteed

The Algorithmic Trader Programme has four major chapters:

  1. Membership (the three month education period)
  2. Certification (inspection of your trading strategies)
  3. Guaranteed capital (after completing certification, you get funded with $20,000 capital)
  4. Process (chance to scale your account up to $1,280,000)

You can see the scaling plan in the picture above. Completing a stage requires a profit target of 10% with a 10% maximum drawdown rule. You must also respect the maximum lot size limit for each stage. With every successful completion of a stage, your balance and lot size limit double.

Another thing you should consider is that after getting approved and receiving a funded account, you become eligible for 50% profit splits.

Cryptocurrency Algorithmic Trader Programme includes the following for a one-time fee of £3,950:

  • Introduction to Cryptocurrency & Automated trading
  • Components to building an algorithmic trading strategy
  • Learn to code
  • TradingView Pine Editor
  • Analyze on-chain metrics
  • Backtesting and Forward-testing
  • Automated Trading Strategies
  • Live Trading

By going through the three months of learning, you will get into a deep dive into cryptocurrency on-chain analysis. You will also acquire a lot of coding knowledge, and no previous coding experience is required:

  • Understanding of crypto assets
  • Learning how to use various on-chain metrics
  • Receive trading strategy templates
  • $20,000 starting capital guaranteed

The Cryptocurrency Algorithmic Trader Programme has four major chapters:

  1. Membership (the three month education period)
  2. Certification (inspection of your trading strategies)
  3. Guaranteed capital (after completing certification, you get funded with $20,000 capital)
  4. Process (chance to scale your account up to $1,280,000)

You can see the scaling plan in the picture above. Completing a stage requires a profit target of 10% with a 10% maximum drawdown rule. You must also respect the maximum lot size limit for each stage. With every successful completion of a stage, your balance and lot size limit double.

Another thing you should consider is that after getting approved and receiving a funded account, you become eligible for 50% profit splits.

Cryptocurrency Trader Programme is a one month training period which includes the following for a one-time fee of £2,250:

  • Introduction to MT4
  • Performing Technical Analysis
  • Fundamentals of Cryptocurrency Trading
  • Risk management
  • Planning a Strategy
  • Backtesting and Forward-testing
  • Trade Simulations
  • 1-1 Mentoring
  • Daily Interactive Webinars
  • $10,000 Funded Account

You will be able to trade the following assets:

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

Cryptocurrency Trader Programme summary:

  • Four weeks of structured training
  • Able to trade with institutional leverage
  • Weekly reviews with a Senior Trader to help your trading performance
  • On-going group and 1-2-1 mentorship
  • Profit split of 50% of profits made (this is not an employed or salaried role)
  • Flexible program with no set working hours

You can see the scaling plan in the picture above. You can multiply your starting capital of $10,000 four times by reaching a profit target of 6% while not surpassing the maximum drawdown of 5%. You must respect the maximum lot size limit for each stage. After completing stage one, every next stage requires a profit target of 10% with a 10% maximum drawdown rule. With every successful completion of a stage, your balance and lot size limit double.

Another thing you should consider is that after getting approved and receiving a funded account, you become eligible for 50% profit splits.

Funded Forex Trader Programme is a one month training period which includes the following for a one-time fee of £1,950:

  • Introduction to MT4
  • Performing Technical Analysis
  • Fundamentals of Forex Trading
  • Risk management
  • Planning a Strategy
  • Backtesting and Forward-testing
  • Trade Simulations
  • 1-1 Mentoring
  • Daily Interactive Webinars
  • $10,000 Funded Account

Funded Forex Trader Programme summary:

  • Four weeks of structured training
  • Able to trade with institutional leverage
  • Weekly reviews with a Senior Trader to help your trading performance
  • On-going group and 1-2-1 mentorship
  • Profit split of 50% of profits made (this is not an employed or salaried role)
  • Flexible program with no set working hours

You can see the scaling plan in the picture above. You can multiply your starting capital of $10,000 four times by reaching a profit target of 6% while not surpassing the maximum drawdown of 5%. You must respect the maximum lot size limit for each stage. After completing stage one, every next stage requires a profit target of 10% with a 10% maximum drawdown rule. With every successful completion of a stage, your balance and lot size limit double.

Another thing you should consider is that after getting approved and receiving a funded account, you become eligible for 50% profit splits. 

What makes Alphachain different from other prop firms?

Alphachain is different from most industry-leading prop firms due to having a large variety of trading programs to choose from with an excellent educational period before getting a chance to get funded. Another option you can choose from is the classic Evaluation or Direct Funding programs.

You should remember that you can hold positions overnight while news trading and holding positions during the weekends are prohibited. Another thing that you are not permitted to use is EA’s.

Alphachain offers a 100:1 leverage on all their funding program options compared to other prop firms. Their Evaluation is made out of one phase and requires a relatively low-profit target of 6%. Compared to FTMO, which also has a 2-phase evaluation with a Profit Target of 10% in phase one and 5% in phase two, it is easier to get funded.

A significant difference from other prop firms is the 30 minimum trading days for each stage in scaling plans. You will need a lot of time to scale your account up, but the positive thing about this is that you can manage risk appropriately. The 30 minimum trading days paired with the lot size limit will be great for disciplined traders in the long run.

Is getting Alphachain capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

After considering all of that, Alphachain is an excellent choice to get funded with. This is since you can acquire funding from two basic funding methods through one-phase evaluation or direct funding. Another option you can opt for is one of the five programs that start with an education period. Upon proving yourself and your strategy, you acquire funding, which can also be scaled up like the other two funding methods.

While news trading and weekend holding aren’t permitted, you can still hold trades overnight.

Another positive feature is the combined 30 minimum trading days with lot size limitations that will benefit every disciplined trader in the long run.

Payment proof

Alphachain is a proprietary firm incorporated on the 19th of August, 2020.

You can see examples of payment proof in the two pictures below.

Which broker does Alphachain use?

Alphachain doesn’t trade with common broker brands but is partnered with a 3rd party liquidity provider as their broker. Their liquidity provider includes LMAX, a large FCA-regulated liquidity provider.

As for trading platforms, they allow you to trade on Meta Trader 4.

Trading instruments

Alphachain allows you to trade forex pairs, commodities, equity indices, and cryptocurrencies, depending on the program you choose with a 100:1 leverage.

FOREX:AUDUSDEURUSDGBPUSDNZDUSDUSDCAD
USDCHFUSDJPYAUDCADAUDCHFAUDJPYAUDNZD
CADCHFCADJPYCHFJPYEURAUDEURCADEURCHF
EURGBPEURJPYEURNZDGBPAUDGBPCADGBPCHF
GBPJPYGBPNZDNZDCADNZDCHFNZDJPY
COMMODITIES:XAUUSDXBRUSDXTIUSD
INDICES:DE30UK100USTECHUS30US500mini
CRYPTO:BTCUSDETHUSDBCHUSDLTCUSDXRPUSD

Education & Support for traders

Alphachain provides excellent education, which you can be a part of if you choose one of the five previously mentioned trading programs. They have a team that will guide you and help you find a suitable trading strategy that fits you the most. 

By participating, they will provide you with, for example:

  • General introduction to MT4
  • How to perform technical and fundamental analysis
  • How to manage risk properly
  • How to plan your strategy
  • How to backtest and forward-test
  • Trading simulations
  • Mentoring 1-1
  • Daily interactive webinars

They don’t have a thread on ForexFactory.

Traders comments about Alphachain

Alphachain has excellent feedback from reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with an excellent score of 4.9/5 out of 110 reviews.

A vast majority of their community praises their education and the educational programs they provide to their clients. They mention that even beginners can join and find a suitable trading strategy with their team.

Another thing that gets mentioned a lot is the mentorship and psychological conditioning they provide to their traders.

Social media statistics

Alphachain can also be found on social media.

They have a:

  • LinkedIn page with 16,759 followers,
  • Instagram account with 4,081 followers,
  • Youtube channel with 4k subscribers and 193 uploaded videos,
  • Twitter account with 251 followers,
  • Facebook page with 260 followers, and
  • Telegram account with 1,144 subscribers.

Support

Alphachain has a FAQ at the bottom of the Alpha Funded Trader page, where you might find the missing information.

The support team is available on their social media, or you can directly contact them on their email info@alphachain.co.uk.

Their live chat support team on their website is available from Monday – Friday: 8 AM – 5 PM.

You can also contact Alphachain for further information through telephone number +44 20 7097 3984.

Conclusion

In conclusion, Alphachain is a legitimate prop firm offering funding through a one-phase evaluation, direct funding, or through five different education-based program types. You can scale their accounts up to a balance of $1,280,000 and are eligible for profit splits of 50%.

I would recommend Alphachain to anyone who has been reaching consistent results. With all the education in the background, they offer excellent conditions for a big pool of different trading styles for individuals.

Compared to FTMO, My Forex Funds, The5%ers, etc., their educational background can profit beginners and professional traders immensely by having constant feedback from Alphachain’s management and senior traders.

This review about Alphachain was lastly updated on 05.05.2022 at 12:39 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does Alphachain have the instruments that you want to trade?

Let us know if you enjoyed our Alphachain Proprietary Trading firm review!

Alphachain Review Details

Trading platform
Deposit Methods
Tradable instruments
Account Currencies
Leverage
Maximum capital allocation
Account size up to:
$40,000
Alphachain Account
*Choose your account size and make a payment
2.0
Fees
2.0
Trading platform
2.0
Deposit and withdrawal
1.0
Customer Support
1.8 Overall Rating

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