Prop Trading Firm Alpha Capital Blocks US Clients (2024)

FAQs

Does Alpha capital accept US clients? ›

Alpha Capital Group has suspended services for US clients due to regulatory pressure.

Alpha Capital is not a trusted broker because it is not regulated by a financial authority with strict standards. We recommend you open an account only with brokers that are overseen by a top-tier and stringent regulator. All the 100+ brokers reviewed on the BrokerChooser website meet this criteria.

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.

Please note that FTMO does not provide services to persons in/from (both nationals and residents) Iran, Syria, Myanmar, North Korea and USA, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract.

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

Profit withdrawal payment methods? Performance fees are only available to qualified traders who are onboarded as external analysts. Performance fees can be received through 3 options. Using these methods you will receive a 80% split of the profits generated from account activities, designated as a performance fee.

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.

AlphaReal has a 180 plus strong professional team with around £4.7 billion of assets under management, including capital commitments. Established in 2005, AlphaReal is jointly owned by Phillip Rose, members of the AlphaReal management team and companies ultimately owned by the PS Gower Personal Settlement.

Yes, prop firms do pay. While there are some scams out there popping up everyday, reputable prop trading firms like True Forex Funds, FTMO,5%ers,FundedNext are legitimate and pay traders according to their profit-sharing agreements. As for True Forex Funds, I can vouch for their credibility.

Which prop firm is the best? ›

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.

It is estimated that only 4% of Forex traders succeed with prop firm challenges, and only 1% of traders can generate profits consistently without violating any rules.

In conclusion, it can take around 4-5 months to pass a prop firm trading challenge and become a funded trader. However, it can take much longer than that to become a profitable trader beforehand – which is a necessity.

FundedNext temporarily paused new sign-ups from the United States (US) reflecting our commitment to upholding regulatory requirements and industry standards while maintaining platform integrity. All existing US clients will remain unaffected by these circ*mstances.

Grand Capital group accepts clients from all over the world, excluding some jurisdictions where restrictions apply.

The restriction, affecting both US residents and individuals with dual citizenship residing in the US, signifies a broader trend of upheaval within the industry. Despite the restriction, Blue Guardian reassured its existing US clients and those outside the US that services would continue uninterrupted.

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.