Explore the world of Alpicap, a Swiss-based prop trading firm revolutionizing the trading landscape. Our detailed review delves into their sophisticated risk management, trader support, and cutting-edge trading platform.

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Alpicap Prop Firm Review: Elevating Trading Standards in Switzerland

Welcome to an in-depth review of Alpicap, a premier proprietary trading firm rooted in the financial hub of Switzerland. Renowned for empowering skilled traders, Alpicap stands out in the competitive world of finance by offering its capital to traders who successfully navigate through its rigorous evaluation process. This review delves into the mission of Alpicap, which revolves around equipping its clients with essential tools and resources to realize their financial aspirations.

At the core of Alpicap’s operations is a team of seasoned traders and analysts, dedicated to scouring the financial markets for lucrative opportunities. This strategic focus not only allows traders under Alpicap’s wing to generate alpha but also significantly amplifies their earning capabilities. Emphasizing professionalism and integrity, Alpicap prides itself on its bespoke approach, meticulously crafting trading programs that align with the unique needs and ambitions of each client. This Swiss prop firm is a staunch advocate of risk management, implementing strategies that protect client capital while optimizing returns. Transparency and open communication are pillars of Alpicap’s philosophy, essential in forging robust, enduring client relationships. If you’re aspiring to elevate your trading career, Alpicap positions itself as a catalyst for this transformation. Stay tuned as we delve deeper into the support, trading platforms, and affiliate programs that set Alpicap apart in the world of proprietary trading.

Why Choose Alpicap?

Unwavering Support: Alpicap’s commitment to its clients is exemplified through its 24/7 support system. Catering to both seasoned traders and novices, their team of experts is always at the ready to guide, assist, and empower traders in achieving their goals. Innovative Trading Platform: Partnered with Eightcap, Alpicap offers access to a state-of-the-art trading platform. This platform boasts a user-friendly interface, real-time data analysis, and advanced trading features, providing a robust foundation for traders at Alpicap. Lucrative Affiliate Program: Alpicap’s exclusive affiliate program opens doors to earning significant commissions. By referring adept traders to Alpicap’s dynamic prop firm, affiliates play a pivotal role in the trading community while benefiting from the firm’s success.

Understanding Alpicap’s Prop Trading Framework

In this section, we delve into the specific operational aspects of Alpicap’s prop trading firm, shedding light on their drawdown calculation, funding plans, fees, spreads, commissions, account ownership, and policies on news trading.

Drawdown Calculation Method

Alpicap calculates drawdowns using a static approach based on the initial capital deposited into trading accounts and evaluations. This method provides a straightforward and consistent way to assess risk and performance over time.

Funding Plan Limitation

With a foundation built by experienced traders and liquidity risk managers, Alpicap caps its funding plans at $200,000. This limit is strategically set to avoid excessive slippage and suboptimal trading conditions that can adversely affect retail traders. It reflects Alpicap’s commitment to maintaining quality trading environments for its clientele.

Fee Structure

Alpicap operates a two-phase evaluation program and, as a result, does not charge ongoing monthly fees. This approach aligns with their mission to provide accessible and cost-effective trading opportunities for their clients.

Spreads and Commissions

The firm partners with Eightcap as its broker, offering industry-leading spreads and commissions. Traders can explore detailed information about the account offerings used by Alpicap through Eightcap’s website, available here.

Account Ownership Requirements

Alpicap emphasizes individual trading prowess and makes payouts directly to the bank accounts of live traders. Consequently, it is mandatory for accounts to be registered under the trader’s own name, ensuring transparency and adherence to regulatory standards.

News Trading Policy

News trading is permitted at Alpicap. However, the firm advises traders to exercise caution and employ robust risk management strategies when engaging in this type of trading, highlighting their focus on responsible and sustainable trading practices.

Additional Operational Insights into Alpicap’s Trading Services

Diving deeper into the specifics of Alpicap’s trading services, this section covers key operational aspects such as their trading platform, trading hours, withdrawal policies, assessment duration, profit targets, and withdrawal procedures.

Downloading the Trading Platform

Traders interested in using Alpicap’s services can download the trading platform directly from the Eightcap website, available here. This platform is designed to meet the needs of modern traders with a range of functionalities.

Weekend Trading Policy

Alpicap accommodates the diverse strategies of its traders by allowing the holding of trades over the weekend and overnight. This flexibility is particularly beneficial for traders with longer-term strategies or those operating in various time zones.

Withdrawal Frequency

Once a trader achieves the status of a live funded trader, the initial payout is available after 30 days of trading. Following this, Alpicap offers the convenience of bi-weekly payouts, aligning with the financial goals and liquidity needs of its traders.

Assessment Time Frame

Alpicap’s evaluation process is divided into two phases: the first phase spans 30 days, and the second extends to 60 days. This structured timeframe ensures traders have ample opportunity to demonstrate their trading proficiency.

Live Account Profit Targets

For live funded accounts, Alpicap does not set specific profit targets. However, to qualify for a withdrawal, the account must conclude with a positive balance at the end of a 30-day trading period.

Withdrawal Process

Withdrawing live profits is a streamlined process at Alpicap. Traders can initiate a withdrawal request via their dashboard by selecting the Withdrawal/Profit Share option. Following a verification process by the payments team, payouts are processed either via Cryptocurrency or Bank Transfer. It’s important for traders to complete the Independent Contractor Agreement and Payment Method form to facilitate future withdrawals. This detailed exploration into Alpicap’s operational nuances provides potential and existing traders with a clear picture of what to expect in terms of platform accessibility, trading flexibility, payout schedules, evaluation periods, profit expectations, and the withdrawal process.

Clarifying Alpicap’s Trading Policies and Restrictions

This section aims to provide clarity on Alpicap’s specific trading policies, including their stance on copy trading, account management, password sharing, evaluation profit withdrawals, and the use of EAs or algorithms.

Policy on Copy Trading

Alpicap does not permit copy trading. This policy aligns with their focus on assessing individual trading skills and maintaining the integrity of their evaluation process.

Account Merging Restrictions

Account merging is not allowed at Alpicap due to risk management and tracking considerations. However, traders have the flexibility to undertake up to three challenges simultaneously, with a combined funding potential of up to USD 600,000.

Password Sharing and Account Security

Alpicap emphasizes individual responsibility in managing account login details. Sharing account passwords is strictly prohibited and constitutes a violation of their terms and conditions, reflecting their commitment to individual accountability in trading.

Evaluation Profits Withdrawal Policy

During the evaluation phase, the primary goal is to assess a trader’s consistency without capital risk. Therefore, profits generated in this phase are not eligible for withdrawal, underlining the firm’s focus on skill assessment over profit generation during evaluation.

Use of EAs, Indicators, and Automated Trading

Alpicap permits the use of Expert Advisors (EAs) and indicators, including risk management tools and automated trading systems. However, it strictly prohibits certain strategies in the funded stage, such as high-frequency trading, hedge arbitrage, tick scalping, grid trading, Martingale strategies, one-sided betting, latency arbitrage, reverse arbitrage, and copying trades from other traders. The use of third-party EAs must be verified before deployment on live accounts. Violation of these rules, including the detection of prohibited strategies, will result in account termination.

Final Thoughts on Alpicap: A Comprehensive Review Conclusion

As we conclude this detailed review of Alpicap, a Swiss-based prop trading firm, it’s clear that the company has established a robust and well-structured platform for traders seeking to maximize their trading potential. Alpicap’s unique blend of flexibility, support, and stringent risk management positions it as a noteworthy player in the proprietary trading sphere. The firm’s approach to drawdown calculation, funding limits, and its policy against practices like account merging and copy trading reflect a deep commitment to both trader development and risk mitigation.

The allowance of up to three simultaneous challenges, totaling a maximum of USD 600K in funding, showcases Alpicap’s flexibility and understanding of traders’ needs for diversified trading strategies. Alpicap’s strict stance on account security, particularly regarding password sharing and the prohibition of certain trading strategies in the funded stage, demonstrates their dedication to maintaining a secure and fair trading environment. Moreover, the opportunity to use EAs and automated trading systems, under certain conditions, is a testament to their adaptability and modern approach to trading. While the firm does not permit the withdrawal of profits during the evaluation phase, this policy aligns with their goal of assessing a trader’s skill without the influence of capital risk.

The bi-weekly payout option for live funded traders, after the initial 30-day trading period, is an attractive feature that caters to the financial aspirations of successful traders. Overall, Alpicap emerges as a comprehensive and reliable prop trading firm, particularly suited for traders who value a blend of strict risk management, technological advancement, and operational transparency. Its focus on individual trader growth, coupled with a solid support system and a user-friendly trading platform, makes Alpicap a commendable choice for both novice and experienced traders alike. In summary, Alpicap stands out for its balanced approach to proprietary trading, offering a platform that nurtures talent while adhering to stringent risk management protocols. This makes it an appealing option for traders looking to advance their careers with a firm that is both progressive and grounded in industry best practices.