FundingPips vs Alpha Capital
Rule-by-rule comparison from each firm's own website, last verified . The marked figure is the stronger one on that line.
Quick take
- Cheaper entry: Alpha Capital ($27 vs $29).
- Higher headline split: FundingPips (up to 100%).
- Overall PA Score: FundingPips 7.9 vs Alpha Capital 6.4.
FundingPips stronger on 5Alpha Capital stronger on 4of 9 lines where both publish a comparable figure
| FundingPips7.9 PA Score | Alpha Capital6.4 PA Score | |
|---|---|---|
| PA Score | 7.9 (stronger figure) | 6.4 |
| Trustpilot | 4.471,419 | No rating22,010 |
| Founded | 2022 | 2021 (stronger figure) |
| HQ | Dubai, UAE | Harpenden, England, UK |
| Markets | Forex, Commodities, Indices, Crypto (stronger figure) | Forex, Indices, Commodities |
| Challenge types | 1-step, 2-step, instant | 1-step, 2-step, instant |
| Entry fee from | $29 | $27 (stronger figure) |
| Cost per $1K allocation | $4.44 | $3.97 (stronger figure) |
| Largest account | $100K | $200K (stronger figure) |
| Profit target | 8% / 5% | 6%-10% phase 1 by plan |
| Daily loss limit | 5% (stronger figure) | 3%-5% by plan |
| Max drawdown | 10% (stronger figure) | 5%-10% by plan |
| Drawdown type | static | static (Pro/Swing); trailing (One/Direct) |
| Profit split | up to 100% (stronger figure) | up to 90% |
| Leverage | up to 1:100 (FX, evaluation) | up to 1:100 (FX, Alpha Pro) |
| Platforms | MT5, cTrader, Match-Trader | MT5, cTrader, DXtrade, TradeLocker |
| Payout frequency | weekly / bi-weekly / on-demand | bi-weekly or on-demand (by plan) |
| First payout (days) | Not published | Not published |
| Min trading days | 3 | 1 |
| Consistency rule | On-demand rewards: 35% | 40% best day (on-demand); 15% best day (Direct) |
| News trading | Restricted | Restricted |
| Weekend holding | Restricted | Restricted |
| Discount code | 20% off new clients / 15% off existing clients | 45% off (not valid on Alpha Pro 8%/10% Bi-weekly) |
| Visit site (opens FundingPips in a new tab) | Visit site (opens Alpha Capital in a new tab) |
Not published means we could not find the figure on the firm's own site. Sources are listed on each firm page.
Which should you choose?
FundingPips scores 7.9/10 and Alpha Capital 6.4/10, a wide gap. Both are CFD prop firms, so the rule differences below are like for like. Which one is better depends on how you trade, so here is who each firm suits, based only on what they publish.
Pick FundingPips if
- a higher headline split matters (up to 100%)
- you need Match-Trader
- review volume matters to you (71,419 Trustpilot reviews vs 22,010)
- you weigh firm-reported payouts ($326M+ rewards distributed)
Pick Alpha Capital if
- you want the cheaper way in ($27 vs $29 for the smallest account)
- you care about cost per $1K of account ($3.97 vs $4.44)
- you need DXtrade and TradeLocker
Price at each account size
Cheapest program each firm sells at the sizes both offer.
| Account | FundingPips | Alpha Capital |
|---|---|---|
| $5K | $39 | $27 |
| $10K | $72 | $47 |
| $25K | $188 | $117 |
| $50K | $244 | $217 |
| $100K | $444 | $397 |
Payouts
FundingPips: weekly / bi-weekly / on-demand. Methods: card (Visa/Mastercard), crypto (USDT/USDC ERC20), Rise, bank transfer. The firm reports "$326M+ rewards distributed" (homepage, checked 31 Oct 2026).
Alpha Capital: bi-weekly or on-demand (by plan). The firm reports "$100M+ performance fees" (homepage, checked 31 Oct 2026).
Firm-reported payout totals are the firms' own figures. We have not audited them.
Rule changes
| Date | Firm | Field | Was | Now |
|---|---|---|---|---|
| FundingPips | PlatformsRules | none | MT5, cTrader, Match-Trader | |
| FundingPips | Trustpilot scoreReputation | 4.5 | 4.4 | |
| FundingPips | Discount codeOffers | FP (20% off (new customers)) | HALLOWEEN (20% off new clients / 15% off existing clients) | |
| Alpha Capital | Discount codeOffers | ALPHA20 (20% off all accounts (to 31 Oct 2026)) | HALLOWEEN45 (45% off (not valid on Alpha Pro 8%/10% Bi-weekly)) |
Legit check
Track record, review volume, payout terms and restrictions for each firm, on one page each: Is FundingPips legit? · Is Alpha Capital legit?
FAQ
Which is cheaper, FundingPips or Alpha Capital?
Smallest published entry fee: FundingPips $29, Alpha Capital $27. Cheapest per $1K of account: FundingPips $4.44, Alpha Capital $3.97.
Which pays out faster, FundingPips or Alpha Capital?
FundingPips: weekly / bi-weekly / on-demand. Alpha Capital: bi-weekly or on-demand (by plan).
Which has the higher profit split?
FundingPips: up to 100%; Alpha Capital: up to 90%. Headline splits often need scaling or an add-on.
Which is better for beginners, FundingPips or Alpha Capital?
On our six-point beginner checklist FundingPips meets 3 and Alpha Capital meets 2. The checklist is explained on the best prop firms for beginners page.
Are FundingPips and Alpha Capital legit?
Both publish their rules and are listed with sources. See the evidence pages: propanalyse.com/firms/fundingpips/legit/ and propanalyse.com/firms/alpha-capital/legit/.