Alpha Capital Group has announced the expansion of its Alpha One 1-step evaluation program, introducing two new variants alongside the original 10% option. Traders can now choose between 6%, 10%, and 12% profit targets, allowing them to match the plan to their specific risk profile and strategy. Pricing for these evaluations starts at $37.
Alpha One Plan Breakdown
The structure of the three plans is primarily distinguished by their profit targets and loss limits:
- Alpha One 6%: 6% profit target, 4% max trailing drawdown, and 3% daily drawdown (4% on Qualified accounts).
- Alpha One 10%: 10% profit target, 6% max trailing drawdown, and 4% daily drawdown.
- Alpha One 12%: 12% profit target, 8% max trailing drawdown, and 5% daily drawdown.
All plans require a minimum of 1 trading day to complete the evaluation. While the 6% and 10% plans are available for account sizes up to $200,000, the 12% variant is capped at $100,000.
Drawdown Management and Risk Rules
The maximum drawdown is calculated on a trailing basis based on the High Water-Mark (the highest balance achieved). This limit moves upward with profits until the drawdown reaches the initial account balance, at which point it becomes static.
Lot Exposure Limits
The firm enforces a strict maximum lot exposure policy based on account size:
- $5k: Max 2.5 lots
- $50k: Max 20 lots
- $100k: Max 40 lots
- $300k: Max 120 lots
Violations of these limits result in penalties: on the first instance, performance fees earned through excess lot sizes will not be eligible for withdrawal; a second instance will lead to account deactivation.
Trading Conditions and Leverage
Alpha One plans maintain flexible conditions for active traders, including weekend holding and on-demand performance fee payouts. Leverage is set according to asset class:
- Forex (FX): 1:30
- Metals: 1:9
- Indices and Oil: 1:10
Regarding news trading, it is permitted; however, there is a 5-minute restriction before and after major news events. During this window, traders are not allowed to execute new trades or close existing positions on the targeted instruments.
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