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Forex · Head-to-head

Alpha Capital vs ThinkCapital side-by-side comparison

A head-to-head look at Alpha Capital and ThinkCapital — both Forex prop firms. Ratings are aggregated from public trader review scores; the stronger value in each row is highlighted.

Key differences

  • A $100K evaluation costs $349 at ThinkCapital versus $397 at Alpha Capital.
  • Alpha Capital offers up to a 90% profit split, ahead of ThinkCapital's 80%.
  • Alpha Capital allows a 5% daily loss limit — more intraday room than ThinkCapital's 4%.
  • Overall drawdown is capped at 10% at Alpha Capital, versus 8% at ThinkCapital.
  • Payouts run every 14 days at Alpha Capital and every 14 days from the first funded trade on every program; weekly with the Weekly Payouts add-on (Lightning, Dual Step, Nexus) or on demand with On-Demand Payouts (Bolt) at ThinkCapital.
  • Across public trader reviews, Alpha Capital averages 4.4/5 to ThinkCapital's 4.0/5.

Which fits comes down to priorities: a higher profit split favors Alpha Capital, while a cheaper $100K evaluation points to ThinkCapital.

Ratings & reputation

Overall rating
4.4
4.0
Community rating
4.4 / 5 · 1,130 reviews
4.0 / 5 · 63 reviews
Community following
43,125
—

Pricing & accounts

Max profit split
90%
80%
Starting price
$27
$39
Largest account
$200K
$100K
Programs
48
26

Rules & targets

Profit target
10%
10% (Lightning); 9% then 5% (Dual Step); 7%, 6%, 5% (Nexus); none on Bolt
Drawdown type
—
Trailing to breakeven (Lightning, Bolt) / static (Dual Step, Nexus)
Max drawdown
10%
8%
Daily drawdown
5%
4%
News (challenge)
—
Allowed on Dual Step Swing; Lightning and Nexus need the News Trading add-on; not on Dual Step Intraday
News (funded)
—
Same as the challenge: banned 2 minutes either side of red-folder news without the add-on; Bolt 5 minutes either side, no add-on
Consistency rule
—
Bolt only: best day 20% or less of total profit at each payout; none on Lightning, Dual Step or Nexus
Min trading days
—
3 trading days per challenge phase; 3 profitable days per payout once funded; none on Bolt
Restrictions
—
Prohibited: copying other traders, signal services or account management (copiers only between your own ThinkCapital accounts), grid or reverse trading, hedging or opposite positions across accounts or with other users, latency arbitrage, HFT, delayed or external data feeds, gap trading within 15 minutes of a market closing or reopening around scheduled events, and gambling-style risk (sustained 60–70%+ margin use, martingale, all-in trades, account rolling, bursts of sub-60-second scalps). VPN and VPS access is not allowed except ForexVPS. 30 days without a trade breaches the account.
BTC leverage
—
1:2

Payouts & costs

Payout cycle
Every 14 days
Every 14 days from the first funded trade on every program; weekly with the Weekly Payouts add-on (Lightning, Dual Step, Nexus) or on demand with On-Demand Payouts (Bolt)
Processing time
—
Processed within 3 business days, then 24–48 hours to arrive (bank transfers up to 5 business days)
First payout
14 days
14 days + 3 profitable days; Bolt: 6% profit
Refund
—
Refundable within 14 days of purchase if the account has not been traded. Otherwise the fee is refunded with the 3rd payout, on the challenges and on Bolt. A $20 admin fee may be withheld from any refund.
Commission / lot
—
Commission-free on every asset on ThinkTrader; spreads only. Overnight swaps at ThinkMarkets' published rates.

Platforms & markets

Platforms
cTraderDXTradeMT5TradeLocker
ThinkTraderTradingView
Markets
ForexMetalsIndicesEnergies
ForexMetalsCommoditiesIndicesCrypto

Company

Headquarters
United Kingdom
London, United Kingdom
Founded
2021
—
Chief executive
Andrew Blaylock and George Kohler
—
Experience
4 years
—

Check this firm’s payout stats, verified on-chain:

Alpha Capital payouts

Compare their exact account models

Alpha Capital and ThinkCapital each sell several account models, and price, drawdown, consistency rules and payouts differ between them. These line up the products themselves rather than the companies.

Alpha Capital vs ThinkCapital: common questions

Answered from the comparison data on this page.