Alpicap Prop Firm Review – What You Need to Know in 2025
Alpicap is a proprietary trading firm headquartered in Geneva, Switzerland. Founded in 2022, it has quickly gained recognition for its customizable funding options, up to 90% profit splits, and a transparent evaluation process. With a strong emphasis on trader autonomy and risk control, Alpicap is positioning itself as a serious contender in the global prop trading space.
Alpicap Best suited for:
- Beginners - Thanks to its clear rules, structured evaluations, and growing educational content:
- Experienced Traders - With funding up to $200,000 and customizable drawdown options:
- Scalpers & Swing Traders - Flexible strategies are allowed, including EAs and weekend trading.:
Pros & Cons of Alpicap
Pros
Up to 90% Profit Split - One of the highest in the industry:- Wide Range of Instruments - Trade forex, indices, commodities, shares, and crypto:
- Customizable Add-Ons - Increase drawdown limits or profit splits:
- Bi-Weekly Payouts - After a 30-day waiting period:
- Swiss-Based Trust - Operates from Geneva with a strong reputation:
- Multiple Platforms - Supports MetaTrader 4, DXTrade, MatchTrader, and cTrader.:
Cons
Only MetaTrader platforms available:- Weekend trading not available on most accounts:
- Payout timelines may vary based on verification speed:
How Does Alpicap Work? (Step-by-Step Guide)
- Choose Your Challenge - Five account sizes: $15K, $25K, $50K, $100K, and $200K
- Pass the Evaluation - Two-step process: 30 days for Phase 1, 60 days for Phase 2
- Get Funded - Start trading with real capital
- Earn & Withdraw - Profit splits up to 90%, with bi-weekly payouts.
Alpicap Account Types & Funding Options
- Account Sizes - $15K to $200K:
- Evaluation Model - 2-step challenge:
- Profit Splits - Standard 80%, upgradable to 90%:
- Drawdown Limits - 5% daily, up to 12% total with add-ons:
- Refundable Fees - Not currently offered.:
Profit Targets & Payouts
- Profit Targets - 10% for Phase 1, 5% for Phase 2
- Payout Methods - Crypto and bank transfer
- Payout Frequency - Bi-weekly (first payout after 30 days)
- Max Drawdown - Up to 12% with add-ons
- Daily Drawdown - Fixed at 5%.
Leverage & Trading Conditions
- Leverage - Up to 1: 100
- Lot Size Restrictions - None specified
- Broker - Trades executed via Eightcap, a regulated broker.
Allowed & Restricted Trading Strategies
Allowed Trading Strategies
- Scalping
- Swing Trading
- Holding Trades Overnight/Weekend
- Expert Advisors (EAs)
- Self Copy Trading
- News Trading (with 2-minute buffer).
Restricted Trading Strategies
- Arbitrage
- High-Frequency Trading (HFT)
- Martingale Systems
- Exploiting System Errors
- Coordinated Copy Trading.
How Long Does It Take to Get Funded by Alpicap?
- Challenge Duration - 30 days for Phase 1, 60 days for Phase 2
- Evaluation Speed - Fast approvals post-verification.
How Long Has Alpicap Been Around?
Alpicap was founded in 2022 and is headquartered in Geneva, Switzerland.
Who Owns Alpicap? (Founder & Company Background)
Founder & CEO: Iliya Penchev, Alpicap is operated by ALPICAP LTD, a Swiss-registered company, Partners with Eightcap, a globally regulated broker.
What Can You Trade with Alpicap? (Supported Markets & Assets)
Forex - Majors, minors, and exotics, Indices - S&P 500, NASDAQ, DAX, Commodities - Gold, oil, silver, Shares - Global equities, Cryptocurrencies - Supported.:
Does Alpicap Offer Education & Trader Support? (Learning Resources & Coaching)
Educational Resources - Currently limited but expanding, Trader Development - Focus on real-world trading experience and risk management, Community - Active Discord and Telegram groups for support and networking.:
How Good is Alpicap’s Customer Support? (Response Time & Availability)
Support Channels - Email, live chat, social media, Response Times - Generally fast, with most queries resolved within 24 hours, Trader Feedback - Rated 4.7/5 on Trustpilot, with praise for transparency and responsiveness.:
Is Alpicap a Scam or a Legit Prop Firm?
Alpicap is a legitimate prop firm, registered in Switzerland and partnered with a regulated broker. It offers real funding, transparent rules, and a growing global trader base.
User Reviews & Community Feedback on Alpicap
- Trustpilot rating: 4.7/5
- Generally praised for payouts, platform range, and responsiveness.:
Alternatives to Alpicap – How It Compares
- FTMO - More established, but stricter rules:
- Alpha Capital - Strong education focus, slightly lower profit splits:
- 1of1Funding - Offers 100% profit splits, but newer and less structured.:
Final Verdict – Should You Trade with Alpicap?
Alpicap is a strong choice for traders of all levels-whether you're just starting out or already experienced. With its Swiss-based credibility, flexible trading rules, up to 90% profit splits, and support for a wide range of strategies, Alpicap stands out as a modern, trader-focused prop firm. It's especially appealing to those who value transparency, customization, and a professional trading environment.
