FAQs

We offer 100:1 leverage. It gives enough buying power to effectively boost our traders return.

MT4 is a trading platform that is commonly used by Traders around the world. The platform is easily accessible for those who use windows though with MacOS there are a few things to be aware of. The latest update for MacOS; Catalina came with an inherent compatibility issue that does not allow Metratrader programs to function on the Mac operating system. Holders of older operating software’s such as Mojave may be able to avoid this issue by downloading ‘Wine’ and using ‘PlayonMac’ to install the program. Traders who have Catalina as their current operating software can utilise the following solutions: 1. Download and install Crossover; a third-party software with the ability to download Windows applications. This has become the most popular option for those who wish to continue to use Macbook for their Trading. 2. Purchase an affordable Windows Laptop/PC: This option will enable traders to run MT4 on their Laptop with ease.

No, all traders trade on a Windows or Mac computer, mobile trading is not permitted. Our data suggests that traders perform best when they are at a computer where they have easy access to charting tools, position calculators and other essential trading tools. Trading on mobile is not recommended for our traders.

Your login details to your new funded accounts are usually issued within 24 hours. Please note you must make payment and sign contract before the account can be setup.

If one of the risk management rules are breached please request an account review and notify the team at support@alphachain.co.uk along with your account number. If a rule has been breached your account will be closed. In order to start a new funded account again a new implementation fee will be required.

If you believe you have reached the target please contact support@alphachain.co.uk with your account number and request an account review. The risk management team will assess if you have traded within risk management rules during the process. If successful, you will be notified, profits distributed, and you will progress onto the next funded account size. Note if you have hit target but have breached a trading rule, no profits will be paid out. The target must be achieved with no rule breaches.

Once you hit the target you must stop trading and request an account review. No profits will paid in excess of the target amount

You can email hr@alphachain.co.uk and a member of the team will be in touch as soon as possible.

The maximum drawdown (DD) allowance is a fixed 10% maximum drawdown amount from the initial starting balance (not trailing).

Losses cannot exceed $1500 from the starting balance (or lowest account equity value of $13,500). It is the maximum change of equity value between the starting balance and the trough equity value at any given time on a per trade rolling basis. It includes closed and open positions. Exceeding the Max Drawdown will breach a core risk management rule and the traders account will be closed.

For all Evaluation Accounts:

Max Drawdown: 5% max after hitting 10% initial target max drawdown goes up to 10%

Due to the gap risk between market close on a Friday evening and the Sunday night open, traders are not permitted to hold trades over the weekend.

Profit split is 50% on the profits you make above the initial balance figure.You will need to meet your 10% target to receive your profit share.

All traders receive access to our bespoke Metatrader 4 (MT4) trading technology. We provide market-leading institutional leverage of 1:100. Our traders don’t trade through brokers, we go direct to major liquidity providers to ensure optimal trading fees and conditions for our traders.

Your login details to your new funded accounts are usually issued within 24 hours. Please note you must make payment and sign contract before the account can be setup.

Profits can be withdrawn once you have reached the profit target. Once the target is hit we recommend that you stop trading and request an account review by emailing support@alphachain.co.uk along with your trading account number. An invoice must be issued to Alphachain to request payment. Please allow up to 7 working days for payment to be made.

No, the Alpha Funded Trader product is risk free! This means that you will not be liable for any losses during the process so you can trade without the stress of losing your own money.

You are required to have 30 active trading days in order to progress on to the next capital level. There are no time limits in reaching your target. A trading day is defined by the day the trader opens a trade. For example, if a trader opens a trade on Monday, and closes the same trade on Tuesday, this is counts as 1 trading day.

Why is this important?

Proves to us and to yourself that your trading is consistent and reduces the effect of ‘luck’ in your trading Provides sufficient data for us to assess your trading style Give you the opportunity to trade in various market conditions Remember you are on your own journey and base your performance on time allocated to trading and strategy development. We are looking for consistency within your equity growth.

We offer the most comprehensive variety of tradable assets of any prop trading firm. Traders can trade across global forex majors, commodities and equity indices. Once your application has been accepted you will be provided with the full list of approved markets. You are only permitted to trade the assets in the markets list provided. All other markets shown in the terminal must be hidden by the trader to avoid trading. Any markets which are traded which are not permitted will result in a risk management breach. Please note each asset class will have a maximum exposure limit in addition to the risk management guidelines provided.

Asset list below:

Symbol

Market

FX

AUDUSD Major
EURUSD Major
GBPUSD Major
NZDUSD Major
USDCAD Major
USDCHF Major
USDJPY Major
AUDCAD Minor
AUDCHF Minor
AUDJPY Minor
AUDNZD Minor
CADCHF Minor
CADJPY Minor
CHFJPY Minor
EURAUD Minor
EURCAD Minor
EURCHF Minor
EURGBP Minor
EURJPY Minor
EURNZD Minor
GBPAUD Minor
GBPCAD Minor
GBPCHF Minor
GBPJPY Minor
GBPNZD Minor
NZDCAD Minor
NZDCHF Minor
NZDJPY Minor

Equity Indices

DE30 DAX
UK100 FTSE
USTECH Nasdaq
US30 Dow Jones
US500mini S&P 500

Commodities

XAUUSD Gold
XBRUSD Brent
XTIUSD WTI

The maximum change in account equity from Monday to Friday (or 5% of starting balance), regardless if the account is in profit or not. You will have to maintain a balance above the weekly loss limit. If this risk management rule is breached the trading account will be closed.  Traders will only be notified if they have breached this rule if they request a manual review from our risk manager at the time if they suspect that the level may have been breached. It is therefore important that all traders keep track of their risk limits and notify the team if you feel you may have breached a rule. This ensures traders do not allow large losses to occur and have the ability to increase trading probability through performance analysis.

Positions must be closed during major news or data releases and can be re-opened 30mins after. An example of such a release includes the Bank of England (BoE) rate decision and speech, US Non-Farm Payrolls (NFPs), Federal Reserve rate decision etc. Positions held open during this period will be a breach of the risk management rules and may result in account closure, while any profits made during these periods will not be payable nor will they go towards your target.

To cancel you can email support@alphachain.co.uk and give notice that you would like to cancel your agreement. 14 days notice is required for cancellation, and no further payments will be taken after this 14 day period has passed.

Yes, trades can be held overnight during the week between Monday and Friday (excluding bank holidays).

Due to the gap risk between market close on a Friday evening and the Sunday night open, traders are not permitted to hold trades over the weekend.

Yes, all traders are required to place stops with every trade. Failure to apply a stop loss will breach Alphachain rules upon requesting an account review.

Alpha Funded Trader $5K Evaluation Scaling Plan

Alpha Funded Trader (AFT) Option: $5K Evaluation – 50% Profit Share

$5K EvaluationAccount SizeMaximum Exposure (Lots)Max DD %Target %
Stage 1$5,0000.25 Lots56
Stage 2$20,0001 Lots1010
Stage 3$40,0002 Lots1010
Stage 4$80,0004 Lots1010
Stage 5$160,0008 Lots1010
Stage 6$320,00016 Lots1010
Stage 7$640,00032 Lots1010
Stage 8$1,280,00064 Lots1010

Alpha Funded Trader $10K Evaluation Scaling Plan

Alpha Funded Trader (AFT) Option: $10K Evaluation – 50% Profit Share

$10K EvaluationAccount SizeMaximum Exposure (Lots)Max DD %Target %
Stage 1$10,0000.5 lots56
Stage 2$40,0002 lots1010
Stage 3$80,0004 lots1010
Stage 4$160,0008 lots1010
Stage 5$320,00016 lots1010
Stage 6$640,00032 lots1010
Stage 7$1,280,00064 lots1010

Alpha Funded Trader $15K Direct Funding Scaling Plan

Alpha Funded Trader (AFT) Option: $15K Direct Funding – 50% Profit Share

$10K EvaluationAccount SizeMaximum Exposure (Lots)Max DD %Target %
Stage 1$15,0000.5 lots56
Stage 2$30,0002 lots1010
Stage 3$60,0004 lots1010
Stage 4$120,0008 lots1010
Stage 5$240,00016 lots1010
Stage 6$480,00032 lots1010
Stage 7$960,00064 lots1010

Alpha Funded Trader $20K Direct Funding Scaling Plan


Alpha Funded Trader (AFT) Option: $20K Direct Funding – 50% Profit Share

1$10K EvaluationAccount SizeMaximum Exposure (Lots)Max DD %Target %
Stage 1$20,0001 lots1010
Stage 2$40,0002 lots1010
Stage 3$80,0004 lots1010
Stage 4$160,0008 lots1010
Stage 5$320,00016 lots1010
Stage 6$640,00032 lots1010
Stage 7$1,280,00064 lots1010

No, traders are not permitted to purchase EA’s and apply them to their funded account. Popular EA’s bought in marketplaces have no real-world track record and can not be adjusted to current market conditions and therefore poses risk to the firm. However, you can be permitted to apply a self-developed EA. If you have any questions to EA’s, please send an email to support@alphachain.co.uk.