Summary:
Alpha Capital Group is a UK proprietary trading company providing funded account simulation using its in-house broker, ACG Markets. Though having seemingly good trading terms and competitive profit sharing, the company has had its share of criticisms because of regulatory issues and unfavorable user experiences. The Financial Conduct Authority (FCA) has warned against the firm, and several users have complained about payout, closure of accounts, and KYC enforcement.
Company Overview
Alpha Capital Group was founded in November 2021 and has its headquarters in London, UK. The company allows traders to advance through evaluation tests and manage demo accounts. Earning traders can obtain a portion of the profits earned within these demo accounts.
Website – https://alphacapitalgroup.uk/
Address – 10 Lower Thames Street, EC3R 6AF, London, United Kingdom
Key Features
- Trading Platforms: MT5, cTrader, and DXTrade
- Account Sizes: Up to $200,000
- Profit Split: 80%
- Evaluation Models: One-step, two-step, and three-step challenges
- Maximum Daily Loss: 5%
- Maximum Total Drawdown: 10%
- Minimum Trading Days: Varies by challenge type
Regulatory Concerns
The UK Financial Conduct Authority (FCA) has warned that Alpha Capital Group that the firm can be offering financial services or products without authorization. The lack of proper regulation is a cause of concern regarding the safety of funds and the responsibility of the firm.
User Experiences and Complaints
Payout Issues
Some traders have complained of failing to receive payouts upon finishing evaluation challenges. Some common complaints are:
- Refusal of funded accounts based on claimed rule breaches made post-challenge completion.
- Processing delays that sometimes exceed the expected timeline.
- Abrupt closure of accounts without explanations.
Strict KYC Enforcement
Customers have also complained about the company’s Know Your Customer (KYC) processes. Examples include:
- Multiple KYC verification requests, even after an initial pass.
- Account bans due to KYC disputes, sometimes without adequate resolution.
Platform and Execution Concerns
A few of the traders pointed out technical problems with the trading platforms, including:
- Slippage is causing unforeseen losses.
- Freezing of the MT5 platform during crucial trading times.
- Insufficient transparency in trade pricing and execution.
Alpha Capital Group Scam Allegations
The mix of regulatory alerts, complaints from users, and operational problems has sparked charges that Alpha Capital Group might be a scam. Major points driving the allegations are:
- Running without proper regulatory guidance.
- Applying rules retrospectively to withhold payoffs.
- Ineffective customer care and transparency.
- Red flags are shown by scam-detecting platforms.
FAQs
Q: Is Alpha Capital Group regulated?
A: No, the firm is not regulated by any recognized financial authority. A warning against it has been issued by the FCA.
Q: What is the offered profit split?
A: Alpha Capital Group offers an 80% profit split to traders who complete their evaluation challenges.
Q: Are the trading accounts real or simulated?
A: The accounts are simulated, meaning traders do not trade with real money, but they can earn a share of the simulated profits.
Q: What platforms are available for trading?
A: Traders can use MT5, cTrader, and DXTrade platforms.
How to Recover Lost Funds
If you’ve suffered financial loss or suspect fraud on Alpha Capital Group or comparable unregulated schemes, help is at hand. Scams Report—a leading fund recovery agency with expertise in assisting victims of online trading scams—can assist you. Our team provides expert advice, legal assistance, and bespoke tactics to assist you in recovering your funds. Contact now—reclaim your investments today.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
