This article provides a detailed comparison between two notable proprietary trading firms: True Forex Funds and Alpha Capital Group. We aim to dissect their offerings and evaluate what these firms present to forex traders globally.
Overview of Company Profiles
Both True Forex Funds and Alpha Capital Group are esteemed in the realm of proprietary trading. True Forex Funds, established in October 2021 under the leadership of Richard Nagy, is based in Győr, Hungary. Alpha Capital Group, with George Kohler at its helm, was incorporated in November 2021 and operates from London, UK. Each firm offers a substantial maximum allocation capital of $400,000 to traders, accompanied by a scaling plan.
Funding Program Options
True Forex Funds stands out with its diverse funding program options, including both one-step and two-step evaluations. In contrast, Alpha Capital Group focuses solely on a two-step evaluation approach, catering to a specific segment of forex traders.
Detailed Two-Step Evaluation Comparison
Delving into the two-step evaluations, both firms present similar structures with 8% Phase 1 Profit Targets, 5% Phase 2 Profit Targets, and uniform daily and overall drawdowns of 5% and 10% respectively. Leverage is consistently set at 1:100 across all programs. Notably, True Forex Funds offers a unique ‘Limitless’ program with an unlimited trading period, aligning with Alpha Capital Group’s flexible trading timeline.
Comparative Pricing Structure
The pricing for different account sizes varies slightly between the two firms. True Forex Funds provides options ranging from €89 to €1,098, whereas Alpha Capital Group’s pricing spans from $97 to $997, catering to a wide range of budgetary preferences.
Brokers and Trading Platforms
True Forex Funds collaborates with a Tier-1 Liquidity Provider to ensure the best simulated real market trading conditions. On the other hand, Alpha Capital Group operates through ACG Markets. Both firms utilize MetaTrader platforms, with True Forex Funds offering both MetaTrader 4 and 5, and Alpha Capital Group providing MetaTrader 5 and cTrader options.
Trading Instruments Comparison
Both firms offer a variety of trading instruments, including Forex pairs, commodities, and indices. However, True Forex Funds also extends its offerings to stocks and cryptocurrencies, which are not available with Alpha Capital Group.
Community Feedback Insights
Community feedback on Trustpilot reveals a strong preference for True Forex Funds, reflected in its higher number of reviews and equivalent 4.7/5 rating to Alpha Capital Group.
Conclusion
In summary, while both True Forex Funds and Alpha Capital Group are commendable choices for traders, they exhibit differences in program options, pricing, trading platforms, and available instruments. True Forex Funds shows a broader appeal due to its versatile funding options and extended trading instrument offerings.
