ALPHA FUNDED TRADER PROGRAMME
SHOWCASE YOUR EXPERTISE AND BECOME A FUNDED TRADER TODAY
The most competitive and fastest route to become a funded trader for those with previous trading experience.
Apply to become an Alpha Funded Trader with a guaranteed $15K funded account. If approved, get funded within 24 hours!
If you have experienced some success as a trader we’d like to hear from you. We provide a unique opportunity for talented individuals to trade a funded account and become an Alpha Funded Trader.
Candidates accepted onto the Alpha Funded Trader programme account receive a guaranteed $15,000 funded account to trade live funds and begin a career as a prop trader with Alphachain Capital.
Double your capital each time you hit target and get up to $1m account!
We offer complete transparency with targets, capital allocation and incentives. Once you hit the first 10% target your capital is doubled, each time, up to $1m
$4.7m in funded accounts issued in 2020
534 traders funded last year
67 countries represented
With Alphachain Academy, you’ll have unrivalled access to expert support and a likeminded trading community.
Global Trading Community
Detailed Morning Market Briefs
Earn 50% Of The Profit!
ALPHA FUNDED TRADER PROGRAMME BENEFITS
$15k Funded Account
Capital Increases At Each Target Level
10% Fixed Drawdown Limit
50% Profit Split
Alphachain provides talented traders with financial backing through a funded trading account while also offering weekly webinars and a global community of traders to help grow your professional network.
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.
All of our traders accounts can be linked with www.myfxbook.com so you can visualise your trading performance in real-time.
Double your capital each time you hit target and get up to $1m capital!
One-time setup fee of £395
Plus Monthly Membership: £99
BENEFITS OF BEING AN ALPHA FUNDED TRADER
$15K Starting Capital
Initial Target: 10% (at each level)
Fixed Drawdown: 10% max (based on starting balance)
Free Trader Education
ASSET CLASSES TRADED
Traders are able to trade a diverse choice of assets. The asset classes that can be traded fall under the categories of FX Commodities and Indices. We offer over 100 tradable assets with institutional spreads and commissions. All traders will use Metatrader 4 (MT4) as their execution platform with a 100:1 leverage.
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Futures contracts are the oldest way of investing in commodities. Futures are secured by physical assets.
Indices trading means that you are taking a position on a stock index – which is a measure of the performance of several different companies. Indices trading can be a way to get exposure to an entire sector or economy at once, without having to open positions on lots of different shares.
We provide all clients the best trading conditions on Alphachain’s MetaTrader 4 platform, the world’s leading Forex Trading Platform.
- No platform fees
- Institutional raw price spreads
- Competitive trading commissions
- No mark up
- Desktop compatibility only
- Customisations available
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.
If you have profits in your funded trading account which you would like to withdraw you can send an email to firstname.lastname@example.org, with the subject ‘Withdrawal Request’, containing an invoice for the amount you wish to withdraw. The invoice should contain your trading account number and bank details. Withdrawals are usually processed with 7 working days.
At this point you can contact a member of the team and request an account review by a risk manager. The risk manager will review your account to see if you have reached the target and kept within all risk management rules. Once reviewed and passed, your new account will be issued within 24 hours.
You are required to carry out a minimum of 10 days of trading in stage 1 evaluation and a minimum of 20 days of trading in stage 2 evaluation. There are no time limits in reaching your target. Generally 17% of trader’s will reach the target within one to two months, over 25% of trader’s will reach the target within three to four months. 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.
Traders have a variety of tradable assets. Forex, Commodities and Equity Indices can be traded. You are only permitted to trade the assets in the markets list. 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 the failing the challenge. Please note each asset class will have a maximum exposure limit in addition to the risk management guidelines provided. The following is a list of securities permitted to trade: Forex Majors: EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, NZDUSD, USDCHF. Forex Crosses: AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, NZDCAD, NZDCHF, NZDJPY. Equity Indices: Dax, UK100, Eurostoxx, Nasdaq, Dow Jones, S
In your first evaluation account your net P&L cannot hit or exceed the daily loss limit at any point during the trading day. If at any time your Net P&L does exceed this amount for your account, you should request a review from a risk manager. Traders will only be notified if they have breached this rule if they request a manual review from our risk manager or you wait until your account is reviewed at a time when you believe you have passed a stage. 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 and require a challenge reset. This ensures traders successfully completing the challenge have an understanding of risk management and are disciplined.
In your second evaluation account, you will have to maintain a balance above the weekly loss limit. The maximum amount you may lose at any point in a calendar week (Monday through Friday) cannot be exceeded. 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 or you wait until your account is reviewed at a time when you believe you have passed a stage. 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 and require a challenge reset. This ensures traders do not allow large losses to occur and have the ability to increase trading probability through performance analysis.
The maximum drawdown (DD) allowance in the account is the maximum change of equity value between the equity peak value 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 disqualify the trader from the challenge. The risk percentage is a trailing level based on the percentage loss from highest value your account has achieved at any point since opened.
Traders can trade through all major economic releases. Do note during economic releases there can be extreme volatility and large price swings, therefore we encourage traders to reduce market exposure. This ensures trade can maximise their trading opportunity at a reduced risk amount.
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.