Alpicap Review (20% Discount Code: FOREXPROPREVIEWS)

Alpicap is a community of dedicated traders inspired by the Swiss tradition of reliable trading. They are committed to providing their traders with the tools, support, and autonomy necessary to achieve their goals and trade with confidence. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $200,000 and receive up to 90% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Who are Alpicap?

Alpicap is a proprietary trading firm with the legal name ALPICAP LTD that was incorporated on the 24th of February 2023. They are located in Geneva, Switzerland, and are being managed by CEO Iliya Penchev. Alpicap provides traders with the opportunity to choose between a single two-step evaluation while being partnered with ThinkMarkets as their broker.

Alpicap’s headquarters are located at 12 Quai du Seujet, 1201 Geneva, Switzerland.

Who is the CEO of Alpicap?

Iliya Penchev is the CEO of Alpicap. Note that we will be adding more information about their CEO in the future. Stay tuned!

Funding Program Options

Alpicap provides its traders with a single funding program option.

Two-step Challenge

Alpicap’s Two-step Challenge provides traders the opportunity to manage account sizes ranging from $15,000 up to $200,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Two-step Challenge allows you to trade with up to 1:100 leverage.

Evaluation phase one requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have 30 calendar days to reach the profit target during phase one. Additionally, you are also required to trade for a minimum of 5 calendar days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have 60 calendar days to reach the profit target during phase two. Additionally, you are also required to trade for a minimum of 5 calendar days in order to proceed to a funded account.

By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account, while all other withdrawals can be submitted bi-weekly. Your profit split will be 80% up to 90% based on the profit you make on your funded account.

Add-ons for Alpicap’s Two-step Challenge

1. 90% Profit Split
2. Maximum Drawdown Increase By 2%
3. No Minimum Trading Days
4. First Payout After 14 Days

Two-step Challenge Scaling Plan

The Two-step Challenge doesn’t have a scaling plan.

Two-step Challenge Trading Rules & Objectives

• Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 10%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
• Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
• Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10%. (12% with Add-on)
• Maximum Trading Period – The maximum trading duration during which you must reach your required profit target and conclude your evaluation phase. The evaluation has a maximum trading period of 30 calendar days for phase one and 60 calendar days for phase two.
• Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. Both evaluation phases have a minimum trading day requirement of 5 days. (No minimum trading day requirements with Add-on)
• No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news. (Only on funded accounts)
• Lot Size Limit – Limitation of lot sizes for specific trading instruments. These are, in most cases, set based on the initial account balance of your trading account. Please refer to the following lot size limitations for your funded account in the spreadsheet below.

• No Trade Copiers – This implies that traders are prohibited from utilizing the services of Trade Copiers while engaged in trading activities.

What Makes Alpicap Different From Other Prop Firms?

Alpicap differs from most industry-leading prop firms due to offering a single account type, a two-step evaluation. In addition, they also provide numerous favorable features, such as no minimum trading day requirements add-on feature, a high maximum loss limit of 12% available via the add-on feature, a 90% profit split add-on feature, first payout after 14 days by applying an add-on feature, bi-weekly future payouts, and relaxed trading rules with almost no limitations.

Alpicap’s Two-step Challenge is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 10% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules. You also have a 5 minimum trading day requirement during both evaluation phases, as well as a maximum trading period of 30 calendar days in phase one and 60 calendar days in phase two. Keep in mind that the Two-step Challenge doesn’t have a scaling plan. Compared to other funding programs within the industry, the Two-step Challenge stands out mainly for having a no minimum trading day requirements add-on feature, a high maximum loss limit of 12% available via the add-on feature, a 90% profit split add-on feature, first payout after 14 days by applying an add-on feature, bi-weekly future payouts, and relaxed trading rules with almost no limitations.

Example of comparison between Alpicap & Funding Pips

Example of comparison between Alpicap & E8 Markets

Example of comparison between Alpicap & Finotive Funding

In conclusion, Alpicap differs from other industry-leading prop firms by offering a single account type, a two-step evaluation. In addition, they also provide numerous favorable features, such as a no minimum trading day requirements add-on feature, a high maximum loss limit of 12% available via the add-on feature, a 90% profit split add-on feature, first payout after 14 days by applying an add-on feature, bi-weekly future payouts, and relaxed trading rules with almost no limitations.

Is Getting Alpicap Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

• Receiving capital from the Two-step Challenge is realistic primarily due to its average profit targets (10% in phase one and 5% in phase two) coupled with average maximum loss rules (5% maximum daily and 10% maximum loss). It is important to note that there is a maximum trading period of 30 calendar days in phase one and 60 calendar days in phase two, with a minimum trading day requirement of 5 calendar days. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80% up to 90%.

After considering all the factors, Alpicap is highly recommended since you have a single funding program to choose from, which features realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

Alpicap is a proprietary trading firm that was incorporated on the 24th of February, 2023.

While working with Alpicap and reaching funded status with the Two-step Challenge, you will be eligible to receive your first payout after 30 calendar days. However, after your first payout, you will also be eligible to receive payouts if you exceed the initial account size every 14 calendar days. Your profit split will consist of a generous 80% up to 90% based on the profit that you have generated on your funded account.

Which Broker Does Alpicap Use?

Alpicap is partnered with ThinkMarkets as their broker.

ThinkMarkets is a premium multi-asset online brokerage with headquarters located in London and Melbourne. They provide quick and easy access to a wide range of markets while delivering some of the most recognized trading solutions.

As for trading platforms, while you are working with Alpicap, they allow you to trade on cTrader, DXtrade, or Match-Trader.

Trading Instruments

As mentioned above, Alpicap is partnered with ThinkMarkets, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, and cryptocurrencies with a leverage of up to 1:100.

Forex Pairs

Commodities

Indices

Cryptocurrencies

Trading Fees

Trading Commission

Spread Account

To check the live spreads, log in to the trading account below.

Education

Alpicap doesn’t provide any additional educational content to their community.

However, Alpicap does provide all clients with access to a meticulously designed trader dashboard, which enhances risk management by delivering constant access to detailed statistics and objectives. This ensures real-time updates and significantly improves the user experience.

Alpicap Trading Dashboard

Trustpilot Feedback

Alpicap has gathered an excellent score on Trustpilot based on their community’s feedback.

On Trustpilot, Alpicap has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 4.5 out of 5 from a total of 16 reviews. Notably, 94% of these reviews have awarded Alpicap the highest rating of 5 stars.

The client had a positive experience with Alpicap, celebrating their first payout of $2,749. Initially skeptical, they decided to try Alpicap with a $100k account and received their payment after successfully reaching funded status. The client reported no issues and expressed happiness with the service.

The client had a positive experience with Alpicap, describing it as a game-changer for their trading journey. They praised Alpicap’s funding program, excellent support, and transparency, which have empowered them to confidently pursue their trading goals. The client highlighted the streamlined funding process and the quick handling of withdrawals. They expressed appreciation for the opportunities provided by Alpicap and excitement about future prospects with this forward-thinking trading firm, highly recommending their services.

Social Media Statistics

Alpicap can also be found on numerous social media platforms.

Customer Support

Account Opening Process

• Registration Form – Register with Alpicap by filling out the registration form with your personal details and logging into the trading dashboard.

• Choose Your Account – Choose your account type, account size, broker, trading platform, and add-ons.

• Apply Discount Code – Apply our discount code FOREXPROPREVIEWS and enjoy a 20% discount on all Alpicap account sizes.

• Choose Your Payment Method – Choose between a credit/debit card and a cryptocurrency payment method.

Conclusion

In conclusion, Alpicap is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose a single funding program, the Two-step Challenge, which is a two-step evaluation.

Alpicap’s Two-step Challenge is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% up to 90% profit splits. Traders must reach profit targets of 10% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow. Regarding time limitations, you have a 5 minimum trading day requirement during both evaluation phases, as well as a maximum trading period of 30 calendar days in phase one and 60 calendar days in phase two. Finally, it’s essential to note that the Two-step Challenge doesn’t feature a scaling plan.

I would recommend Alpicap to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with unique features, such as a no minimum trading day requirements add-on feature, a high maximum loss limit of 12% available via the add-on feature, a 90% profit split add-on feature, first payout after 14 days by applying an add-on feature, bi-weekly future payouts, and relaxed trading rules with almost no limitations. After considering everything Alpicap offers to traders from all across the globe, they are indeed a desirable choice within the prop trading industry.

Our detailed review of Alpicap was last updated on 09.09.2024 at 12:47 (CE(S)T).

What are your individual opinions on Alpicap and the services they offer? Do they align with the trading conditions and services you’ve been seeking?

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