Yes. Alpha Capital now accepts UPI payments in India, so Indian traders can pay for an evaluation with UPI. Choose your plan and simulated account size, then pick UPI as the payment method at checkout. The UPI account must be in your own name. UPI is for buying an evaluation; performance fees are paid by other methods.
In short: Alpha Capital, a prop firm for Indian traders, now accepts UPI at checkout. Use a UPI account in your own name to buy an evaluation on any plan. Performance fees are paid through Rise, Wise, bank transfer, or cryptocurrency through Rise, not through UPI.
| Key fact | At Alpha Capital |
|---|---|
| UPI payments | Accepted at checkout when your country is India |
| What UPI pays for | Buying an evaluation |
| Name on the payment | Must be your own; third-party cards and accounts are not accepted |
| How performance fees are paid | Rise, Wise, bank transfer (wire, ACH, SWIFT), or cryptocurrency through Rise |
| Platforms | MetaTrader 5, cTrader, DXtrade and TradeLocker |
| Pricing | Plans and simulated account balances are in US dollars |
All Alpha Capital accounts are simulated accounts with simulated funds in a demo environment. Your payment is an evaluation fee. Performance fees are not guaranteed and depend on following the rules of your account.
What is UPI?
UPI (Unified Payments Interface) is India's real-time payment system, run by the National Payments Corporation of India (NPCI). It lets you pay straight from your bank account through a UPI app. Alpha Capital now accepts UPI payments.
How do you pay with UPI?
- Choose your plan and simulated account size.
- Pick your platform: MetaTrader 5, cTrader, DXtrade or TradeLocker (help centre: platforms).
- At checkout, with India as your country, select UPI as the payment method and complete the payment.
Use a UPI account in your own name. Alpha Capital does not accept payments made with a third-party card or account, and when you reach a Qualified Analyst account the name on the payment is checked against your KYC profile (help centre: third-party payments).
See the Alpha Capital discount codes page for the codes running now.
Why UPI matters for a prop firm for Indian traders
For many people in India, UPI is the everyday way to pay. Being able to pay for a prop firm challenge with UPI means you can use the same method you already use, from a bank account in your own name, instead of looking for another way to pay.
India is not on Alpha Capital's list of countries with limitations, so Indian residents can sign up (help centre: countries with limitations). Plans and simulated account balances are in US dollars, so a "$100K account" is a $100K simulated account, not an INR wallet.
When people ask how to buy a funded account in India, the "funded account" is what Alpha Capital calls a Qualified Analyst account: a simulated account on which you can earn performance fees once you have passed the evaluation, or straight away on Alpha Direct. No real funds are used (help centre: am I trading with real funds?). For rules, plans and payouts in more detail, read our guide for traders in India.
Which plan fits you?
- Alpha One: a one-step evaluation (help centre).
- Alpha Pro: the standard two-step evaluation (help centre).
- Alpha Swing: built for longer-term strategies, with relaxed rules on news trading and weekend holds (help centre).
- Alpha Three: a three-step evaluation (help centre).
- Alpha Direct: an Instant-Qualified account, so you start on a simulated Qualified account straight away. Read our Alpha Direct guide.
Our comparison of Alpha One, Alpha Pro, Alpha Swing and Alpha Three sets the rules side by side. New to the model? Start with what a prop firm is.
How are performance fees paid?
UPI is a way to pay for an evaluation, not a payout method. Qualified Analysts can receive 80% of the profits generated on their simulated account as a performance fee when they follow the account's rules (help centre). Alpha Direct has a 90% split (help centre).
You request performance fees from the dashboard, and requests are processed and paid within 2 business days. They are paid through Rise, Wise, bank transfer (wire, ACH or SWIFT), or cryptocurrency through Rise, one of Alpha Capital's authorised third-party payment providers (help centre: how do I get paid performance fees?).
Frequently asked questions
Does Alpha Capital accept UPI?
Yes. Alpha Capital now accepts UPI payments in India. When your country is India, you can select UPI as the payment method at checkout when you buy an evaluation.
Can I pay for a prop firm challenge with UPI from someone else's account?
No. Payments must be made in your own name. Alpha Capital does not accept payments from a third-party card or account.
Can I receive performance fees through UPI?
No. UPI is for buying an evaluation. Performance fees are paid through Rise, Wise, bank transfer, or cryptocurrency through Rise.
Can traders in India use Alpha Capital?
Yes. India is not on Alpha Capital's list of countries with limitations. You can trade on MetaTrader 5, cTrader, DXtrade or TradeLocker.
Is an Alpha Capital account real money?
No. All Alpha Capital accounts are simulated accounts with simulated funds. Qualified Analysts can earn performance fees based on their trading in the simulated environment, and performance fees are not guaranteed.
