Alpicap Review
Alpicap is a community of dedicated traders inspired by Switzerland’s tradition of dependable trading. They are committed to giving their traders the tools, support, and autonomy they need to achieve their objectives and trade with confidence.
Pros
- Excellent Trustpilot. Rating: 4.5/5
- Two unique funding programs.
- Multiple Add-On Features
- Professional Trader Dashboard
- A wide range of trading instruments (forex pairs, commodities, indices, and cryptocurrencies).
- Leverage of 1:100.
- There is no maximum trading period for the One-Step Challenge.
- Future payouts will be bi-weekly.
- Profit Share of 80% to 90%.
- Overnight and weekend holding allowed.
- News Trading Is Allowed
Cons
- Minimum Trading Day Requirements: 5 Days (Removable with Add-On)
- The maximum trading period for the two-step challenge is 30 days,
- plus an additional 14 days for the first payout.
Alpicap is a network of devoted merchants inspired by Switzerland’s legacy of dependable commerce. They are devoted to giving its traders the tools, support, and autonomy they need to achieve their objectives and trade with confidence. Traders may earn big earnings by managing account sizes up to $200,000 and receiving up to 90% profit splits. This may be performed by trading a variety of financial products such as FX pairs, commodities, indices, and cryptocurrencies.
Who is Alpicap?
Alpicap is a proprietary trading business formed on February 24, 2023, with the legal name ALPICAP LTD. They are based in Geneva, Switzerland, and are led by CEO Iliya Penchev. Alpicap offers traders the option of selecting between two account types: a two-step assessment and a one-step evaluation, while being linked 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. We will post more information on their CEO in the future. Stay tuned!
Funding Program Options
Alpicap provides its traders with two unique funding program options:
- Two-step Challenge
- One-step Challenge
Two-step Challenge
Alpicap’s Two-step Challenge allows traders to handle account amounts ranging from $2,500 to $200,000. The goal of the two-step evaluation process is to find skilled traders who are profitable and capable of managing risk efficiently. The Two-Step Challenge lets you trade with up to 1:100 leverage.
| Account Size | Price |
| $2,500 | $25 |
| $5,000 | $37 |
| $7,500 | $55 |
| $15,000 | $99 |
| $25,000 | $149 |
| $50,000 | $299 |
| $100,000 | $499 |
| $200,000 | $977 |
Evaluation phase one requires a trader to achieve a profit target of 10% without exceeding his or her 5% maximum daily loss or 10% maximum loss rules. As far as time constraints are concerned, know that you have 30 calendar days to achieve the profit target in phase one. You are also expected to trade for at least 5 calendar days before you are allowed to move to phase two.
Evaluation phase two requires the trader to attain a profit of 5% while at no point exceeding the rules on 5% maximum loss daily or 10% maximum loss. Regarding time, it’s worth noting that you will be allowed 60 calendar days to hit the profit target during phase two. Lastly, you must also make a minimum of 5 calendar days in trades for you to advance to a funded account.
You get a funded account with no minimum withdrawal requirements once you complete both evaluation phases. You just have to 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 share of the profit split will be 80% up to 90% according to the profit you create in your funded account.
Add-ons for Alpicap’s Two-step Challenge
- 90% Profit Split
- Maximum Drawdown Increase By 2%
- No Minimum Trading Days
- 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 need to attain a predetermined profit percentage to successfully complete an evaluation phase, take earnings, or expand a trading account. The profit target for Phase 1 is set at 10%, while for Phase 2, it reaches a profit target of 5%. For funded accounts, there are no predetermined profit targets.
- Maximum Daily Loss – This refers to the maximum amount of losses allowed per trade day that a trader will incur without violating their account. Every account size has a 5% maximum loss.
- Maximum Loss – The highest total amount of losses that can be incurred by a trader without violating their account. Every account size has a maximum loss of 10%. (12% with Add-on)
- Maximum Trading Period – The length of time for which you must have achieved your desired profit target and complete 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 number of days you must trade before an evaluation phase successfully concludes. Both evaluation phases have a minimum trading day requirement of 5 days. (No minimum trading day requirements with Add-on)
- No News Trading – Trades cannot be made during high-impact news releases. This means that a trade either opening a new trade or closing an existing trade on the specific instrument is not allowed within the 2-minute window both before and after the release of specific news. (Available 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 means that traders are not allowed to use the services of Trade Copiers when trading.
| Account Size | Forex Pairs (Lot Size Limit) | Commodities (Lot Size Limit) | Indices (Lot Size Limit) | Cryptocurrencies (Lot Size Limit) |
| $15,000 | 1.8 Lots | 0.6 Lots | 5 Lots | 0.15 Lots |
| $25,000 | 3.15 Lots | 1 Lot | 10 Lots | 0.25 Lots |
| $50,000 | 6.25 Lots | 2 Lots | 20 Lots | 0.50 Lots |
| $100,000 | 12.5 Lots | 4 Lots | 40 Lots | 1 Lots |
| $200,000 | 25 Lots | 8 Lots | 1 Lot | 2 Lots |
One-step Challenge
Alpicap’s One-step Challenge allows traders to handle accounts with sizes from $2,500 up to $100,000. The goal is to find disciplined traders who are profitable and can handle risk well during a one-step evaluation period. You can trade with leverage up to 1:50 in the One-step Challenge.
| Account Size | Price |
| $2,500 | $39 |
| $5,000 | $69 |
| $7,500 | $99 |
| $15,000 | $149 |
| $25,000 | $229 |
| $50,000 | $349 |
| $100,000 | $599 |
The evaluation phase calls for a trader to achieve a profit target of 10% without exceeding their 4% maximum daily loss or 6% maximum loss rules. Regarding time constraints, you are not subject to any maximum trading day requirements during the evaluation phase. However, you are required to trade at least five trading days to qualify for a funded account.
On successful completion of the evaluation period, you are granted a funded account with no minimum withdrawal. You just need to adhere to the maximum 4% loss for any day and a maximum loss of 6%. The first payout is 30 calendar days from the day you place your first position on your funded account, and all subsequent payouts are bi-weekly. You will get an 80% profit split on whatever profit you make on your funded account.
Add-ons for Alpicap’s One-step Challenge
- 90% Profit Split
- No Minimum Trading Days
One-step Challenge Scaling Plan
The One-step Challenge doesn’t have a scaling plan.
One-step Challenge Trading Rules & Objectives
- Profit Target – Traders have to earn a specified profit percentage for them to close an evaluation phase successfully, withdraw profits, or expand their trading account. The profit target for an evaluation phase is 10%. Funded accounts have no required profit targets.
- Maximum Daily Loss – The amount of money a trader can lose during a single trading day and still not default the account. All trading accounts come with a maximum daily loss of 4%.
- Maximum Loss – The maximum amount of losses one is allowed to lose all together without losing the account. All account sizes are a maximum loss of 6%.
- Minimum Trading Days – Minimum number of days for which you must trade before you can close out an evaluation. The evaluation phase is 5 minimum trading days.
- No News Trading – No trading for high-impact news. This means that opening new trades or closing existing ones on the specific instrument are not allowed in the 2-minute window both before and after the announcement of specific news. (Only on funded accounts)
- Lot Size Limit – Lot sizes are limited for certain trading instruments. In most cases, these are set according to the initial account balance of your trading account. Please see the lot size limitations for your funded account within the following spreadsheet.
- No Trade Copiers – This means that traders are not allowed to use Trade Copiers’ services when trading.
| Account Size | Forex Pairs (Lot Size Limit) | Commodities (Lot Size Limit) | Indices (Lot Size Limit) | Cryptocurrencies (Lot Size Limit) |
| $2,500 | 0.3 Lots | 0.1 Lots | 0.83 Lots | 0.01 Lots |
| $5,000 | 0.6 Lots | 0.2 Lots | 1.66 Lots | 0.03 Lots |
| $7,500 | 0.9 Lots | 0.3 Lots | 2.5 Lots | 0.07 Lots |
| $15,000 | 1.8 Lots | 0.6 Lots | 5 Lots | 0.15 Lots |
| $25,000 | 3.15 Lots | 1 Lot | 10 Lots | 0.25 Lots |
| $50,000 | 6.25 Lots | 2 Lots | 20 Lots | 0.50 Lots |
| $100,000 | 12.5 Lots | 4 Lots | 40 Lots | 1 Lots |
What Makes Alpicap Different From Other Prop Firms?
Alpicap differs from most industry-leading prop firms because it offers two different forms of accounts: a two-step evaluation and a one-step evaluation. Besides that, they also offer a host of beneficial features, such as unlimited trading day period available on the One-step Challenge, no minimum trading day requirements add-on feature, a high maximum loss limit of 12% available through the add-on feature on the Two-step Challenge, a 90% profit split add-on feature, first payout after 14 days through applying an add-on feature, and future payouts are made every other week, while trading rules are quite lenient and very few restrictions are present.
Alpicap‘s Two-step Challenge is a two-step evaluation that requires traders to complete two phases before they become 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 in both phases of evaluation, as well as a maximum trading period of 30 calendar days in the first phase and 60 calendar days in the second phase.
Remember that the Two-step Challenge has no scaling plan. Compared to other funding programs within the industry, this Two-step Challenge stands out mostly for having a no minimum trading day requirements add-on feature, a high maximum loss limit of 12% available via an add-on feature, and a 90% profit split available via an add-on feature. They also have the first payout after 14 days by application of an add-on feature. The future payouts are made every two weeks. Relaxed trading rules with almost no limitations.
Example of comparison between Alpicap & Funding Pips
| Trading Objectives | Alpicap | Funding Pips |
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% (Scaleable up to 7%) |
| Maximum Loss | 10% (12% with Add-on) | 10% (Scaleable up to 14%) |
| Minimum Trading Days | 5 Calendar Days (No Minimum Trading Days with Add-on) | 3 Calendar Days |
| Maximum Trading Period | Phase 1: 30 Calendar DaysPhase 2: 60 Calendar Days | Phase 1: UnlimitedPhase 2: Unlimited |
| Profit Split | 80% (90% with Add-on) | 60% up to 100% + Monthly Salary |
Example of comparison between Alpicap & E8 Markets
| Trading Objectives | Alpicap | E8 Markets |
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 4% |
| Maximum Daily Loss | 5% | 4% |
| Maximum Loss | 10% (12% with Add-on) | 8% (Scaleable up to 14%) |
| Minimum Trading Days | 5 Calendar Days (No Minimum Trading Days with Add-on) | No Minimum Trading Days |
| Maximum Trading Period | Phase 1: 30 Calendar DaysPhase 2: 60 Calendar Days | Phase 1: UnlimitedPhase 2: Unlimited |
| Profit Split | 80% (90% with Add-on) | 80% |
Example of comparison between Alpicap & Fintokei
| Trading Objectives | Alpicap | Fintokei |
| Phase 1 Profit Target | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% |
| Maximum Daily Loss | 5% | 5% |
| Maximum Loss | 10% (12% with Add-on) | 10% |
| Minimum Trading Days | 5 Calendar Days (No Minimum Trading Days with Add-on) | 3 Calendar Days |
| Maximum Trading Period | Phase 1: 30 Calendar DaysPhase 2: 60 Calendar Days | Phase 1: UnlimitedPhase 2: Unlimited |
| Profit Split | 80% (90% with Add-on) | 80% up to 95% |
FundedNext’s One-step Challenge is a one-step evaluation in which traders must complete a single phase before being eligible for payments. The profit objective is 10%, with daily maximums of 4% and maximum losses of 6%. You also have no maximum trading day requirements throughout the assessment period. However, you must trade for at least 5 calendar days throughout the assessment period. Keep in mind that the One-Step Challenge lacks a scalability plan. The One-step Challenge stands out from other funding programs in the industry due to its unlimited trading day period, no minimum trading day requirements add-on feature, a 90% profit split add-on feature, bi-weekly future payouts, and relaxed trading rules with almost no limitations.
Example of comparison between Alpicap & FXIFY
| Trading Objectives | Alpicap | FXIFY |
| Profit Target | 10% | 10% |
| Maximum Daily Loss | 4% | 5% |
| Maximum Loss | 6% | 6% (Trailing) |
| Minimum Trading Days | 5 Calendar Days (No Minimum Trading Days with Add-on) | 5 Calendar Days |
| Maximum Trading Period | Unlimited | Unlimited |
| Profit Split | 80% (90% with Add-on) | 75% up to 90% |
Example of comparison between Alpicap & Funded Trading Plus
| Trading Objectives | Alpicap | Funded Trading Plus |
| Profit Target | 10% | 10% |
| Maximum Daily Loss | 4% | 4% |
| Maximum Loss | 6% | 6% (Trailing) |
| Minimum Trading Days | 5 Calendar Days (No Minimum Trading Days with Add-on) | No Minimum Trading Days |
| Maximum Trading Period | Unlimited | Unlimited |
| Profit Split | 80% (90% with Add-on) | 80% up to 100% |
Example of comparison between Alpicap & PipFarm
| Trading Objectives | Alpicap | PipFarm (Static) |
| Profit Target | 10% | 12% |
| Maximum Daily Loss | 4% | 3% |
| Maximum Loss | 6% | 6% |
| Minimum Trading Days | 5 Calendar Days (No Minimum Trading Days with Add-on) | 3 Calendar Days |
| Maximum Trading Period | Unlimited | Unlimited |
| Profit Split | 80% (90% with Add-on) | 70% up to 95% |
In conclusion, Alpicap differs from other industry-leading prop firms because it offers two different forms of accounts: a two-step evaluation and a one-step evaluation. Besides that, they also offer a host of beneficial features, such as unlimited trading day period available on the One-step Challenge, no minimum trading day requirements add-on feature, a high maximum loss limit of 12% available through the add-on feature on the Two-step Challenge, a 90% profit split add-on feature, first payout after 14 days through applying an add-on feature, and future payouts are made every other week, while trading rules are quite lenient and very few restrictions are present.
Alpicap‘s Two-step Challenge is a two-step evaluation that requires traders to successfully complete two phases before they become 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 in both phases of evaluation, as well as a maximum trading period of 30 calendar days in the first phase and 60 calendar days in the second phase. Remember that the Two-step Challenge has no scaling plan. Compared to other funding programs within the industry, this Two-step Challenge stands out mostly for having a no minimum trading day requirements add-on feature, a high maximum loss limit of 12% available via an add-on feature, and a 90% profit split available via an add-on feature. They also have the first payout after 14 days by application of an add-on feature. The future payouts are made every two weeks. Relaxed trading rules with almost no limitations.
Is Getting Alpicap Capital Realistic?
When selecting proprietary trading businesses that match your forex trading style, it is critical to assess the feasibility of the trading needs. While a firm may look appealing with a high percentage profit split on a well-filled account, its practicality suffers if it demands huge monthly profits with low maximum drawdown percentages, greatly limiting the possibility of success. Furthermore, time limits must be considered, with an unrestricted trading period being preferable because it alleviates the pressure associated with time constraints. Finally, it is important to become acquainted with all trading regulations throughout the assessment and subsequent financing phases to reduce the chance of accidentally breaching your trading account conditions.
- Receiving capital from the Two-step Challenge is realistic mainly because 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). Importantly, the first phase is set to have a maximum trading period of 30 calendar days, and in the second phase, 60 calendar days with a minimum of 5 calendar days in a trading day. In addition, if both the evaluation phases are completed successfully, then participants qualify for payouts that come with a good profit split ranging between 80% up to 90%.
- Receiving capital from the One-step Challenge is feasible mainly because of its average profit target of 10% combined with average maximum loss rules (4% maximum daily and 6% maximum loss). There are no maximum trading day requirements, but there is a minimum trading day requirement of 5 calendar days. Moreover, after passing the evaluation phase, participants are eligible for payouts with an attractive profit split of 80%. up to 90%.
After considering all the factors, Alpicap It is highly recommended since you have two unique funding programs to pick from, two-step evaluation and one-step evaluation, both featuring realistic trading objectives and conditions for qualifying payouts.
Payment Proof
Alpicap is a proprietary trading firm that was incorporated on the 24th of February, 2023.
While working with Alpicap and you achieve funded status with the Two-step Challenge or One-step Challenge, you can earn your first payout after 30 calendar days. Then, after your first payout, you will also earn payouts if you have exceeded your initial account size every 14 calendar days. Your profit share will be a rich 80% up to 90% share of the profit that you generated on your funded account.
On multiple websites, you can find Alpicap payment proof. For example, Trustpilot allows traders to comment on their experience while working with the company and the process in which they successfully received payouts. One of the best places where you can find Alpicap‘s payment proof is through their Discord channel, which contains various payout certificates of the most successful traders.
Examples of Payout Certificates and Payment Proof can be seen in the images below.
Which Broker Does Alpicap Use?
Alpicap is partnered with ThinkMarkets as their broker.
ThinkMarkets is a premium multi-asset online brokerage based in London and Melbourne. They enable quick and simple access to a wide number of marketplaces while offering some of the most well-known trading options.
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, they also offer you to trade a variety of trading assets, including FX pairings, commodities, indices, and cryptocurrencies, with leverage of up to 1:100.
Forex Pairs
| EUR/USD | GBP/USD | EUR/JPY | USD/JPY | AUD/USD | USD/CHF |
| GBP/JPY | USD/CAD | EUR/GBP | EUR/CHF | AUD/JPY | NZD/USD |
| CHF/JPY | EUR/AUD | CAD/JPY | GBP/AUD | EUR/CAD | AUD/CAD |
| GBP/CAD | AUD/NZD | NZD/JPY | USD/NOK | AUD/CHF | USD/MXN |
| GBP/NZD | EUR/NZD | CAD/CHF | USD/SGD | USD/SEK | NZD/CAD |
| EUR/SEK | EUR/NOK | NZD/CHF | GBP/CHF | USD/ZAR | USD/CNH |
| EUR/SGD |
Commodities
| XAU/USD | XAG/USD | WTI | BRENT |
Indices
| ESTX50 | FRA40 | GER40 | JPN225 | NAS100 |
| SPAIN35 | SPX500 | UK100 | US30 |
Cryptocurrencies
| BTC/USD | ETH/USD | BCH/USD | LTC/USD |
Trading Fees
Trading Commission
| Trading Instrument | Commission Fee |
| FOREX | 3 USD / LOT |
| COMMODITIES | 0 USD / LOT |
| INDICES | 0 USD / LOT |
| CRYPTO | 0 USD / LOT |
Spread Account
| Platform | Server | Login Number | Password | Download Platform |
| cTrader | – | – | – | Click here |
| DXtrade | – | – | – | Click here |
| Match-Trader | – | – | – | Click here |
Education
Alpicap doesn’t provide any additional educational content to their community.
However, Alpicap gives all customers access to a professionally developed trader dashboard, which improves risk management by providing continuous access to specific information and objectives. This provides real-time updates and greatly enhances the user experience.
Alpicap Trading Dashboard
Trustpilot Feedback
Alpicap has gathered an excellent score on Trustpilot based on its community’s feedback.
On Trustpilot, Alpicap has a high number of community members commenting and offering good feedback on their company’s services. From a total of 16 evaluations, the company received an amazing 4.5 out of 5 stars. Interestingly, 94% of these ratings have awarded Alpicap the highest rating of 5 stars.
The client had a positive experience with Alpicap, Celebrating their first dividend of $2,749. Initially hesitant, they opted to test Alpicap with a $100,000 account and got paid after successfully attaining funded status. The client experienced no concerns and was pleased with the service.
The client had a positive experience with Alpicap, they described it as a game-changer for their trading journey. They appreciated Alpicap‘s funding program, excellent support, and transparency, making them feel confident in achieving their trading goals. Among the things they liked are the streamlined funding process, quick handling of withdrawals. They appreciated the opportunities created by Alpicap, and they were excited about more 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
| Live Chat | ✅ |
| support@alpicap.com | |
| Phone | ❌ |
| Discord | Discord link |
| FAQ | FAQ Link |
| Supported Languages | English |
Account Opening Process
- Registration Form – To register with Alpicap, fill out the registration form with your personal information and log in to the trading dashboard.
- Choose Your Account – Select the account type, size, trading platform, and add-ons.
- Choose Your Payment Method – Choose between credit/debit card and bitcoin payment methods.
Conclusion
In conclusion, Alpicap is a reputable proprietary trading firm that offers a platform to traders where they have a chance to choose between two funding programs, namely the Two-step Challenge, which is a two-step evaluation, and the One-step Challenge, which is a one-step evaluation.
Alpicap‘s Two-step Challenge is an industry-standard two-step evaluation that needs to be completed before you become eligible to manage a funded account and earn 80% up to 90% profit splits. You must make profit targets of 10% in phase one and 5% in phase two before becoming successfully funded. These are achievable trading objectives, as you have 5% maximum daily and 10% maximum loss rules to observe. As for time constraints, you will have a minimum of 5 trading days in both evaluation phases and a maximum of 30 calendar days in phase one and 60 calendar days in phase two. Lastly, the Two-step Challenge does not have a scaling plan.
Alpicap‘s One-step Challenge is a one-step evaluation in which you must complete a single phase before you qualify to manage a funded account and can earn 80% up to 90% profit splits. You need to get to a profit target of 10% to become successfully funded. These are very achievable trading goals given you only have a 4% maximum daily and 6% maximum loss rules you must work within. Concerning time constraints, you do not have any trading day limits during the evaluation period. However, you are mandated to trade for a minimum of 5 calendar days during the evaluation period. Lastly, it’s worth noting that the One-step Challenge has a scale plan to allow you to leverage your initial account balance.
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 offer unique features to the traders, including an unlimited trading day period on the One-step Challenge, no minimum trading day requirements add-on feature, a high maximum loss limit of 12% available via the add-on feature on the Two-step Challenge, a 90% profit split add-on feature, first payout after 14 days by applying an add-on feature, future payouts every two weeks, and relaxed trading rules with almost no limitations. After considering everything Alpicap offers to traders all over the globe, they indeed are a desired choice in the prop trading market.
What are your particular thoughts on Alpicap and the services they provide? Are they compatible with the trade circumstances and services you’ve been looking for?
Comment below if you appreciate our thorough Alpicap review!