BECOME AN ALPHACHAIN FUNDED TRADER
Showcase your skill as a trader, earn a Funded Trading Account.
If you’ve got a little bit of trading experience but are currently being held back by a lack of capital then the Alphachain Trader challenge might just be for you.
The Alphachain Trader Challenge enables you to earn a funded trading account by showcasing your skill as a prop trader through a simple two-stage evaluation process.
No matter what is your trading experience is, you can prove your trading capabilities with our unique trading challenge!
$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!
I have been trying to develop an understanding on the markets for the past 2 years now, through free and paid resources for that period, and lots of practice. The decision to join the Alphachain program was I would say one of the most beneficial decisions for my education so far. There is no difference if you are a beginner or an advanced trader, you can find the program and the network of traders a great resource.
Try For Free
Get started trading with a free 7-day practice account (no credit card required).
Gain the confidence you need and trade with no risk. Enter our trading evaluation at any time to earn our capital.
Minimum trading days (there is no deadline or time limit)
Do not hit or exceed the daily loss limit
Trailing max drawdown (end of day calc)
Do not hit or exceed the Weekly Loss Limit (Calendar Week)
HOW IT WORKS
Demonstrate that you have an edge over the markets.
Prove to us that you can consistently manage risk.
Get access to a funded account – keep 50%!
“An amazing opportunity for those without a good trading track record to get funded from a prop trading firm after only a couple of months…the rules keep you disciplined!”
CHOOSE YOUR ACCOUNT SIZE
WHY JOIN US?
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
We offer 100:1 leverage. It gives enough buying power to effectively boost our traders return.
Profit split is 50% on the profits you make above the initial balance figure. You will need to meet the target to receive your profit share. You can achieve the target within the first month or a few months, it is dependent on you trading performance. The assumption of the trader challenge is for experienced traders who are unable to provide a track record can complete the challenge and receive access to funds without needing to complete one of our programmes where you gain access to guaranteed funds.
The monthly subscription is mandatory and a required part of the challenge and thereafter as a funded trader. It ensures traders are working towards achieving their targets and accounts are not left idle.
You will trade on the popular Metatrader 4 (MT4) platform with our professional institutional ECN account with 1/100 leverage.
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.
Once you sign up and make you first payment please allow 24 hours to be sent your welcome information and trading account login details. Once you receive your login details for the trading account your challenge has begun.
If you have profits in your funded trading account which you would like to withdraw you can send an email to email@example.com, 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.
If you fail the challenge you will have the opportunity to reset the challenge with a new account with new risk management breaches at your next payment date. Please notify the team if you would like your account to be reviewed and reset if you believe you may have breached one of the rules.
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 can email firstname.lastname@example.org and a member of the team will get back to you as soon as possible.
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.
Once you have passed the two-stage verification, you will be required follow all risk rules, including the daily risk limit, weekly loss limit and the trailing max drawdown.
If a risk rule is breached on the funded account your account will be closed. Any profit in the account will be paid up to your first rule breach. Any profit made after the rule breach will not be paid. If you feel you have breached a rule please contact email@example.com and request an account review before continuing trading.