Prop Trading Firm Alpha Capital Blocks US Clients (2024)

FAQs

Does Alpha capital accept US clients? ›

Alpha Capital is among the proprietary trading firms that suspended purchases for US clients following a regulatory crackdown in the industry at the beginning of the year. In a statement, the company termed this step as a response to market development in the US.

US citizens can easily get a Forex prop firm account by choosing platforms like True Forex Funds. They offer trading platforms such as Match Trader, along with good spreads, fast execution, and reliable customer support.

Alpha Capital Group is reliable for traders, with a Trust Pilot rating of 4.6 stars from 1,181 reviews, FCA Regulation compliance, and offers up to $2,000,000 funding with 80% profit retention.

That result should look catastrophic for anyone who hopes to join a prop firm. The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.

In what appears to be related to the latest MetaQuotes crackdown on the proprietary trading landscape, prop firm FTMO has stopped onboarding US clients, Finance Magnates has learned. New traders attempting to register from a US IP address were unable to complete the registration form.

It is not illegal to operate or trade with a prop firm. However, where most online prop firms come unstuck is in their business practices and terms of service.

Residents of the US who are not citizens cannot trade with FundedNext for now.

FTUK is a reputable prop firm with instant funding accounts, which attracts seasoned traders who want to access large trading capital without a lengthy evaluation process. The funding range is from 14k to 5 million USD with a profit share of 80% and maximum leverage of 1:100.

#1 – Funder Trading

Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.

Please note that trades opened less than 2 minutes before and/or closed within 2 minutes after a High Impact News event will result in voided profits, constituting a Soft Breach. It's important to adhere to this rule consistently. However, the account status will not be affected by this action.

How long does alpha capital take to payout? ›

All due performance fee payments will be processed and paid within 2 business days. all payments will be sent via bank wire transfer. We have partnered with a deliverable FX institution so our clients can benefit from low exchange rate fees when receiving Performance Fees in their domestic currencies.

We exclusively use ACG Markets, a 3rd party FSA Regulated Brokerage. ACGMARKETS gives us the opportunity to provide you with a Simulated Institutional environment for your assessment with Alpha Capital Group.

Statistics on Average Trader Payouts

Profit Split: The average prop firm will offer a 80-20 profit split once you become a funded trader. TFT, on the other hand, gives up to a 90% split, — even as high as 95% in some promotions — the highest in the industry.

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place. A trader doesnt know when a winning streak might occur, or when they may take a string of drawdowns.

Becoming a funded trader with a prop firm involves showcasing your trading skills and adherence to risk management during an evaluation process. While the difficulty can vary, it's achievable with consistency, dedication, and a solid trading approach.

In terms of suitability, Capital.com's account types are designed to meet the requirements of both beginners and seasoned professionals, making it a versatile choice. However, it's worth noting that the broker does not accept US traders.

In order for a person who may be a "U.S. Person" to open an account with Capital Markets Elite Group, that person must complete a "Certification as to U.S. Person Status" in the form provided at this link.

Nearly two weeks after migrating its services from MetaTrader to Match-Trader, Funding Pips has started targeting US traders again.