About Alpicap

Alpicap is a prop trading firm that provides traders with the capital and support they need to succeed in the financial markets. With a straightforward challenge model and competitive pricing. 

Company Information

• Company Name: Alpicap
• Company Legal Name: ALPICAP Ltd
• Operating Since: 2022
• Location: 12 Quai du Seujet, 1201 Geneva, Switzerland

Challenge Details

Alpicap offers a two-phase evaluation challenge that gives traders the opportunity to manage a funded account. The firm has set clear rules and goals to ensure that only disciplined traders move forward to the funded stage.

Pricing

Traders can select a challenge size that suits their trading experience and capital needs. Here's a breakdown of the options:

• Size: $15,000 — Price: $99
• Size: $25,000 — Price: $149
• Size: $50,000 — Price: $299
• Size: $100,000 — Price: $499
• Size: $200,000 — Price: $977

Rules

• Profit Target (Phase 1): 10%
• Profit Target (Phase 2): 5%
• Total Loss (Max Drawdown): 10% (Can be increased to 12% with an add-on)
• Daily Loss: 5%
• Profit Share: 80% (90% with an add-on)
• Drawdown Type: Static Drawdown
• Time Limit:
  • Phase 1: 30 Days
  • Phase 2: 60 Days
• Leverage: 1:100
• Max Lot Size: No limit in the evaluation phases, limited in funded phases, Click Here to see list.
• Payout Frequency: Every 14 Days
• Allows Copy Trading: No, copy trading is not allowed
• Minimum Trading Days: 5 Days

Scaling Plan

Alpicap provides the opportunity for traders to grow their accounts over time. Their scaling plan allows traders to increase their account size by 25% every four months. To qualify, a trader must withdraw a minimum profit of 10% in total on the initial balance and make at least two withdrawals during the period, and continue trading consistently.

News Trading Rules

Trading around high-impact news events is restricted. Specifically, Traders cannot trade 2 minutes before and after the release of high-impact news. This rule is in place to prevent volatile, unpredictable market movements that can increase trading risk.

Other Important Rules

Daily Drawdown Calculation

Alpicap has not mentioned how they calculate their daily drawdown.

Countries Banned from Purchasing

Alpicap's services are available globally, but due to regulatory conditions, they cannot accept traders from the following countries:

• Cuba
• Iran
• North Korea
• Myanmar
• Russia (including Crimea, Donetsk, Luhansk)
• Somalia
• Syria

Prohibited Trading Strategies

To maintain fairness and protect capital, Alpicap has a list of prohibited strategies that cannot be used in the funded stage. These strategies include:

• High-frequency trading (HFT)
• Hedge arbitrage trading
• Tick scalping
• Grid trading
• Martingale
• One-sided betting
• Latency arbitrage trading
• Reverse arbitrage trading
• Copying trades from other traders

If any of these strategies are detected in live accounts, Alpicap will terminate the account.

IP Rule

Alpicap neither allows traders to access multiple accounts from the same IP address nor allows one account to be used from multiple IP addresses. This ensures fairness and security for all traders.