The Alpha One plan is Alpha Capital Group's 1 step evaluation.
Key Features:
• Profit Targets, Drawdown Limits, Minimum profitable days:
· Phase 1 profit target: 10%
· Max Drawdown (trailing per high water-mark*): 6%
· Max Daily Drawdown (calculated over the highest end-of-day balance or equity, which one is greater): 4%
· Minimum trading days (Evaluation): 1
*Definition of high water-mark: maximum account balance achieved on the account.
Example: The initial max drawdown of -6% for a $100,000 account is $94,000. As the max drawdown is trailing based on the high-water mark, if the account reaches $102,000, the new max drawdown will be set at $96,000. This process will continue until the account reaches a high-water mark equal to the trailing drawdown. In other words, once the balance reaches $106,000, the trailing drawdown will remain fixed at the initial balance of $100,000, and won't be moved further anymore.
· For more information on how the daily drawdown works, please refer to https://help.alphacapitalgroup.uk/en/articles/6934210-what-are-the-daily-risk-limits-and-how-do-they-work
• Leverage & Lot Exposure:
· The Alpha One plan offers a leverage of up to 1:30 across different asset classes, giving traders the power to manage larger positions relative to their account size:
FX: 1:30
Metals: 1:9
Indices: 1:10
Oil: 1:10
· Alongside leverage, the maximum lot exposure on One account is adjusted based on account size as follows:
$5k = Max 2.5 lots
$10k = Max 5 lots
$25k = Max 10 lots
$50k = Max 20 lots
$100k = Max 40 lots
$200k = Max 80 lots
$300k = Max 120 lots
Please note, the max lot exposure will depend on your leverage requirements and available margin.
During the account review at the withdrawal stage, should any violations of this rule be identified, we adhere to a rigorous procedure.
Upon the initial instance of violating this rule, Performance bonus acquired through lot sizes exceeding the permissible limit will not be eligible for withdrawal.
Upon the second instance of violating this rule, This will lead to the performance bonus being forfeited and the analysis account being deactivated.
Please note that violations are assessed per position, not per trade idea. Therefore, a sequence of trades can result in multiple violations of this rule. For example, if the maximum lot limit for an account is 10 lots, a single trade of 11 lots followed by another trade of 1 lot, while the first trade remains open, will result in two breach counts and the account's closure.
• Additional Features:
· News Trading: Trading during major news events is allowed, with a 5-minute window on both sides of the event - you are NOT allowed to execute any new trade or close an existing trade on the targeted instrument in the window of 5 minutes before until 5 minutes after the release of the news announcements
For more information about news releases and targeted instruments please refer to https://help.alphacapitalgroup.uk/en/articles/9293522-can-i-trade-news-pro-one-three-plans
· Weekend Hold:
Phase 1: Holding trades over the weekend allowed
Qualified Analyst Account: Holding trades over the weekend is also allowed
· Performance fee on-demand
For a complete explanation please refer to https://help.alphacapitalgroup.uk/en/articles/10102634-performance-fee-on-demand-for-alpha-one
• Maximum allocation
The maximum allocation is $400,000, which is shared across all four plans Pro, Swing, One and Three.