Part of our prop firm guide series. Start with What is a Prop Firm? (2026 complete guide), then explore: Instant Funding, Alpha Capital rules, bi-weekly vs on-demand, evaluation cost, evaluation programmes, promo codes.
TL;DR: Alpha Capital’s 2026 plan and pricing update: three new Alpha One plans (6%, 10%, 12%), Instant Funding (Alpha Direct) live, and permanently lower Alpha Pro prices. Full price tables below. Confirm live checkout prices on the product page.
We have made the biggest change to the Alpha Capital plan lineup this year.
Three things in one update:
- New Alpha One plans in 6%, 10%, and 12% profit-target versions
- Instant Funding is live — our no-evaluation path to a Qualified Account
- Permanently lower prices on Alpha Pro
Alpha Swing continues as before. Everything runs on simulated funds in a simulated trading environment, and performance fees are performance-based. Outcomes are not guaranteed.
This post is the full breakdown: what is new, what changed, and every price by account size. For deep rule mechanics, we link to the full guides as we go. Pick a plan on the product page.
What changed at a glance
| Change | What it means |
|---|---|
| New Alpha One 6% | 1-step, lower 6% target, tighter 3% daily loss |
| New Alpha One 10% | 1-step, 10% target, 6% trailing max loss |
| New Alpha One 12% | 1-step, 12% target, more room, sizes to $100K |
| Instant Funding (Alpha Direct) | No evaluation, Qualified Account from purchase, 90% split |
| Lower Alpha Pro prices | Permanent price cuts across Pro 6% / 8% / 10% |
| Alpha Swing | Unchanged, swing-friendly rules |
New: Alpha One (1-step)
Alpha One is our 1-step evaluation. Hit the profit target once, respect the rules, and move to a Qualified Account. It now comes in three profit-target versions so you can match target to how aggressively you trade.
Shared Alpha One rules:
- 1-step evaluation, minimum 1 trading day
- Trailing max loss based on high-water mark
- Daily loss limit on an end-of-day equity basis
- Leverage up to 1:30
- Weekend holding allowed
- News allowed on evaluation; a 10-minute window applies on the Qualified Account
- On-demand performance fees, 80% standard split with an optional 90% add-on
| Version | Profit target | Daily loss | Max loss (trailing) | Sizes |
|---|---|---|---|---|
| Alpha One 6% | 6% | 3% | 4% | $5K–$200K |
| Alpha One 10% | 10% | 4% | 6% | $5K–$200K |
| Alpha One 12% | 12% | 5% | 8% | $5K–$100K |
Alpha One pricing (one-time, on-demand)
| Size | One 6% | One 10% | One 12% |
|---|---|---|---|
| $5,000 | $37 | $50 | $57 |
| $10,000 | $67 | $97 | $107 |
| $25,000 | $157 | $197 | $217 |
| $50,000 | $237 | $297 | $347 |
| $100,000 | $397 | $497 | $587 |
| $200,000 | $647 | $997 | n/a |
Alpha One 12% tops out at the $100K size. If you want the lowest target and least pressure, take 6%. If you back yourself for bigger moves, 12% gives more daily and max loss room.
New: Instant Funding (Alpha Direct)
Instant Funding is our no-evaluation route to a Qualified Account. You buy it, you start Qualified, and you trade under Instant Funding rules from day one. On the website and in account systems this plan is named Alpha Direct. Same product.
Highlights:
- No evaluation, Qualified Account from purchase
- 90% performance split as standard
- On-demand performance fees
- 3% daily drawdown (soft breach)
- 5% trailing max drawdown to high-water mark, then locks at your starting balance
- 1% max open risk per trade idea
- 15% best-day consistency rule
- 5-minute news window either side of the event
- No weekend holding
Instant Funding pricing (one-time)
| Size | One-time fee |
|---|---|
| $2,500 | $20 |
| $5,000 | $67 |
| $10,000 | $97 |
| $25,000 | $197 |
| $50,000 | $257 |
| $100,000 | $457 |
| $200,000 | $897 |
Full walkthrough, including the performance fee steps and the trailing example: Instant Funding Is Here: Qualified Account With No Evaluation.
Lower prices: Alpha Pro (2-step)
Alpha Pro is our 2-step evaluation with high leverage up to 1:100 on FX. We have permanently lowered Pro prices.
Entry-level ($5K) on-demand examples of the drop:
- Alpha Pro 6%: on-demand now $27
- Alpha Pro 8%: on-demand now $37
- Alpha Pro 10%: on-demand now $33
Shared Alpha Pro rules:
- 2-step evaluation, minimum 3 trading days per phase
- Static max drawdown
- End-of-day daily loss limit
- Leverage up to 1:100 FX
- Weekend holding allowed in evaluation, not on the Qualified Account
- News allowed on evaluation; 10-minute window on the Qualified Account
- Bi-weekly or on-demand performance fees, 80% standard with an optional 90% add-on
| Version | Phase 1 target | Phase 2 target | Daily loss | Max loss (static) |
|---|---|---|---|---|
| Alpha Pro 6% | 6% | 6% | 3% | 6% |
| Alpha Pro 8% | 8% | 5% | 4% | 8% |
| Alpha Pro 10% | 10% | 5% | 5% | 10% |
Alpha Pro pricing (one-time)
BW = bi-weekly reward cycle. OD = on-demand.
| Size | Pro 6% (BW / OD) | Pro 8% (BW / OD) | Pro 10% (BW / OD) |
|---|---|---|---|
| $5,000 | $40 / $27 | $77 / $37 | $50 / $33 |
| $10,000 | $67 / $47 | $147 / $57 | $97 / $77 |
| $25,000 | $137 / $117 | $247 / $177 | $197 / $177 |
| $50,000 | $237 / $217 | $357 / $297 | $297 / $267 |
| $100,000 | $427 / $397 | $577 / $527 | $497 / $447 |
| $200,000 | $847 / $797 | $1,097 / $997 | $997 / $897 |
Also available: Alpha Swing
Built for swing and position traders. Relaxed rules: weekend holding allowed on evaluation and Qualified stages, and relaxed news handling for longer holds. Two-step structure, 10% then 5% targets, 10% static max drawdown.
| Size | Price |
|---|---|
| $5,000 | $70 |
| $10,000 | $147 |
| $25,000 | $247 |
| $50,000 | $357 |
| $100,000 | $577 |
| $200,000 | $1,097 |
Full detail: Alpha Swing Account Explained.
Performance fees and splits across plans
- Standard performance split is 80%
- An optional 90% add-on is available on the on-demand reward cycle (all Alpha One plans, and Alpha Pro on-demand). Not on Swing
- Instant Funding is 90% as standard, no add-on needed
- On standard plans, the on-demand consistency rule is a 40% best-day rule plus a minimum profit requirement. Instant Funding uses a tighter 15% best-day rule
How the two cycles differ: Bi-Weekly vs On-Demand Performance Fees. What a performance fee is: What is a Performance Fee?.
Save with current promo codes
Active offers (confirm on the discount codes page or at checkout before you buy):
- 10KFOR40 — $10K evaluation for $40 (campaign page: /10kfor40)
- FUNDED40 — 40% off Instant Funding
- ALPHA20 — 20% off evaluations
Promos can change or expire. Always confirm the code is live at checkout.
Which plan should you pick?
- Want no evaluation? Instant Funding. Qualified from purchase, 90% split, tighter rules.
- Want a fast 1-step? Alpha One. Pick 6% for less pressure, 12% for more room.
- Want high leverage and a classic 2-step? Alpha Pro, now cheaper, up to 1:100 FX.
- Hold over weekends and through news? Alpha Swing.
How pricing compares across the industry: How Much Does a Prop Firm Evaluation Cost?.
FAQ
What is new in the Alpha Capital 2026 update?
Three new Alpha One plans (6%, 10%, 12%), the launch of Instant Funding (Alpha Direct), and permanently lower Alpha Pro prices. Alpha Swing continues as before.
Is Instant Funding the same as Alpha Direct?
Yes. Instant Funding is the public name. Alpha Direct is the name used on the website and in account systems. Same plan.
Do the new plans use real money?
No. Every Alpha Capital plan uses simulated funds in a simulated trading environment. Performance fees are performance-based. Outcomes are not guaranteed.
Which plan has the highest performance split?
Instant Funding at 90% as standard. Other plans are 80% standard, with an optional 90% add-on on the on-demand reward cycle where offered.
Which plan is cheapest to enter?
Alpha Pro 6% has a low $5K on-demand entry at $27, and Instant Funding starts from a $2,500 size. Confirm live pricing at checkout.
Did Alpha Pro rules change with the lower prices?
The update is a price change. Confirm the current rule set for your plan and size on the rules guide before you buy.
Can I use a promo code?
Yes — current codes include 10KFOR40, FUNDED40, and ALPHA20. Confirm each code is still active at checkout or on the discount codes page.
Related reading
- Instant Funding Is Here (Alpha Direct)
- Alpha Capital Rules Explained
- Bi-Weekly vs On-Demand Performance Fees
- How Much Does a Prop Firm Evaluation Cost?
- What is a Performance Fee?
- Trailing vs Static Drawdown
- What Are Simulated Funds?
Simulated evaluations and simulated funds. Performance fees are performance-based. Outcomes are not guaranteed.
Author: Alpha Capital Research Team · Updated: July 23, 2026 · Related: Product · Instant Funding · Discount codes
