The Alpha Direct plan is Alpha Capital Group's Instant-Qualified account.
Key Features:
Profit Targets and Drawdown Limits:
Alpha Direct plan:
Profit target: n/a - the account is Qualified from purchase, there is no evaluation to pass.
Max Drawdown (trailing per high-water mark*): 5%
Max Daily Drawdown (calculated over the highest end-of-day balance or equity, whichever is greater): 3%
*Definition of high-water mark: maximum account balance achieved on the account. Example: the initial max drawdown of -5% for a $100,000 account is $95,000. 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 $97,000. This process will continue until the account reaches a high-water mark equal to the trailing drawdown. In other words, once the balance reaches $105,000, the trailing drawdown will remain fixed at the initial balance of $100,000 and will not be moved any further.
For more information on how the daily drawdown works, please refer to our dedicated article.
Leverage & Lot Exposure:
The Alpha Direct plan offers leverage of up to 1:30 across different asset classes, giving traders the ability 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 is adjusted based on account size, as follows:
$2.5k = Max 1.25 lots
$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
Please note that the maximum 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 follow a strict procedure:
Upon the first instance of violating this rule, the performance fee earned through lot sizes exceeding the permitted limit will not be eligible for withdrawal.
Upon the second instance of violating this rule, the performance fee will be forfeited and the Qualified Analyst Account will be 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 closure of the account.
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 from 5 minutes before until 5 minutes after the release of the news announcement.
For more information about news releases and targeted instruments, please refer to our news trading article.
Weekend Hold: Not Allowed
Performance fee
90% profit split
On-demand: For a complete explanation about the performance fee on-demand, please refer to its article.
The 3% Profit Buffer
Before you can request your first on-demand payout, you must build a 3% profit buffer. On a $100,000 account, that is $3,000, which must be reached first and must remain in the account. Once the buffer is in place, you can request a payout of the profits above it, with a minimum of 1% of gross profits ($1,000 on a $100,000 account).
The 15% Best Day Rule also applies: no single trading day should contribute more than 15% of the total generated profits. To find the total profit you need, multiply the net profit of your best trading day by 6.67 (the inverse of 15%, that is 1 / 0.15).
For example, on a $100,000 account: you first build the 3% buffer ($3,000), then generate at least 1% more ($1,000), for $4,000 in total profit and a balance of $104,000. Using the 15% threshold, your best trading day should be equal to or below $600 ($4,000 x 15%) for you to be eligible to request a withdrawal. You then request a withdrawal of the $1,000 above the buffer and receive $900 with the 90% profit split, while the $3,000 buffer remains in the account.
Maximum allocation
The maximum allocation is $400,000, which is shared across all five plans: Pro, Swing, One, Three, and Direct.
Please note: Expert Advisors (EAs) are disabled on Alpha Direct accounts and cannot be used.