Frequently Asked Questions

FAQs

How is Drawdown calculated?

Our drawdowns are calculated as a static value off the beginning capital deposited into your trading accounts and evaluations

Are there any monthly fees?

Currently we run a 2 phase evaluation program and as such there are no ongoing fees.

How often can I withdraw?

Once you become a live funded trader, you must trade with us for at least 30 days for your first payout, and after that we can payout bi-weekly

Is the assessment time limited?

No, they are not time limited.

Are there any profit targets on a live account?

There are no profit targets required to be reached on the live funded account. However, the account must end in a positive balance at the end of the 30 day trading period to make a withdrawal.

Can I trade using EAS or ALGOS?

Yes, you are allowed to use EA’s and Indicators, including tools for managing risk and automated trading systems.
However, certain strategies are strictly prohibited in the funded stage:

– High-frequency trading (manually or using a bot)

-Hedge arbitrage trading

-Tick scalping

-Grid trading

-Martingale

-One-sided betting

-Latency arbitrage trading

-Reverse arbitrage trading

-Copying trades from other traders

If any of these strategies are detected in your live account, it will be considered a violation of the rules and Alpicap will terminate your account.
Third-party EA must be verified prior to using it on your live account.

Can I withdraw evaluation profits?

The purpose of the evaluation is for us to make sure that you are a consistent trader without any capital risk. As our evaluation is set up to test your trading without risking capital, you cannot withdraw profits on this phase.

Is There a Lot Size Limit?

Yes, there are lot size limits during all phases.

For more info check here.

Who can buy challenges on our site?

You must be 18 years or older to join this site. Due to regulatory conditions, we are unable to offer services with traders residing in the following countries: Cuba, Iran, North Korea, Myanmar, Russia (or the Crimea, Donetsk or Luhansk regions of Ukraine), Somalia and Syria. The provision of services is not extended to individuals who appear on sanction lists, possess criminal records associated with financial crime, terrorism, or have been previously prohibited due to breach of contract, with no allowances.

Why do you only offer funding plans up to $200,000?

Alpicap was founded by experienced traders and liquidity risk managers. We see $200.000 as an optimal maximum amount of capital before excess levels of slippage and poor trade conditions not suited to retail traders will set in.

Does my account have to be in my name?

Yes, as we are on the lookout for individual traders and often make payouts to bank account for our live traders. As such accounts must be created in your own name.

Do you allow news trading?

Trading during High Impact News is only allowed in Phase 1 and Phase 2. In the Funded Phase it is not permitted to open or close trades 2 minutes before and after High Impact News.

Do you allow trading over the weekend?

Yes our program allows for weekend and overnight holding of trades

Is copy trading allowed?

No.

Can I merge my accounts with you?

We do not allow for account merging due to risk management and tracking purposes. You can however have up to three challenges at one time totalling a maximum of USD 600k in funding. However, you should have a different trading strategy for each account.

Can I share my trading accounts password?

As we are evaluating the trading of individuals you are solely responsible for your account login details. If you share account passwords with others it will violate our terms and conditions and as such it is not permitted.

How can I withdraw my live profits?

To request a withdrawal, please go to your dashboard and select the Withdrawal/ Profit Share option to request a withdrawal.

Once you send your request, our payments team will verify if you meet the eligible criteria to make a withdrawal, if so they will process the payout either via Cryptocurrency or Bank Transfer.

Please notice that once you create a Funded account, you will be required to sign the Independent Contractor Agreement and fill out the Payment Method form, where you will provide your preferred payment method to process your future requests.

Can US residents buy challenges?

Yes, US residents are welcome. However, for them, we only offer the DXTRADE and MTR trading platforms.