A funded forex account is the FX trading account you receive after you pass a prop firm evaluation, at Alpha Capital, our Qualified Analyst Account on simulated funds. You trade pairs like EUR/USD and GBP/USD (plus metals, indices, and oil) inside drawdown and daily loss rules, then may request performance fees of up to 80% on eligible simulated profits. Assessment fees start on our product page; confirm live pricing at checkout.
Part of our guide series: What are funded accounts? · What is a prop firm? · Our rules explained
Last updated: July, 2026
General information only, not financial advice. Simulated trading. Performance fees are performance-based; outcomes not guaranteed. Confirm live rules on help.alphacapitalgroup.uk before you buy.
What is a funded forex account?
A funded forex account is the post-evaluation stage where you trade FX on a larger simulated balance than most personal accounts. You do not deposit the notional $50K or $100K as live capital, you pass our Trading Assessment first, then we issue the account.
Three stages:
Stage | What happens |
|---|---|
1. FX evaluation | Hit profit targets on a simulated balance without breaching drawdown or daily loss |
2. Funded forex account | Trade the same simulated size with no profit target on the qualified stage |
3. Performance fees | Request up to 80% of eligible simulated profits when rules are met |
We officially call this a Qualified Analyst Account. Traders still search funded forex account or forex funding program, same stage. Trading is on simulated funds, not live capital in your brokerage (help centre).
Broader guide: What are funded accounts?.
How to get a funded forex account with us
1. Pick the right programme for FX
Programme | Steps | Why FX traders pick it |
|---|---|---|
Alpha One | 1 | Fastest path; 1:30 FX leverage; 6% trailing drawdown |
Alpha Pro | 2 | Up to 1:100 FX leverage; static drawdown by variant |
Alpha Swing | 2 | Weekend holds allowed at every stage; 1:30 FX |
Alpha Three | 3 | Three smaller phase targets; 1:50 FX; 6% static drawdown |
Compare all four: Alpha One vs Pro vs Swing vs Three.
Plan rules: Alpha One · Alpha Pro 6% · Alpha Pro 8%/10% · Alpha Swing · Alpha Three.
Scalpers: respect our 2-minute average hold rule.
Swing traders: Alpha Swing, Alpha One, and Alpha Three allow weekend holds on the qualified stage. Alpha Pro does not allow weekend holds on the Qualified Account.
2. Pass the evaluation
Trade on MT5, cTrader, DX Trade, or TradeLocker (platforms). No fixed deadline, but 30-day inactivity closes the account .
Tips: How to pass without rebuilding your strategy.
3. Trade your funded forex account
Same simulated size as the evaluation. No profit target on the qualified stage.
Drawdown and daily loss rules still apply.
Account sizes: $5K–$200K on our product page; up to $400K total allocation across accounts (Alpha One plan page).
4. Request performance fees
80% to you on eligible simulated profits. Bi-weekly or on-demand, chosen at signup, cannot switch later.
Programme | On-demand | Bi-weekly |
|---|---|---|
Alpha One | Yes only | No |
Alpha Pro | If selected | If selected |
Alpha Swing | Yes only | No |
Alpha Three | If selected | If selected |
FX leverage on funded forex accounts
From our leverage FAQ, same on evaluation and qualified stages:
Programme | FX | Indices | Metals | Oil |
|---|---|---|---|---|
Alpha Pro | 1:100 | 1:20 | 1:30 | 1:10 |
Alpha Three | 1:50 | 1:10 | 1:9 | 1:10 |
Alpha One | 1:30 | 1:10 | 1:9 | 1:10 |
Alpha Swing | 1:30 | 1:10 | 1:9 | 1:10 |
Higher leverage means less margin per lot, it also means less room before daily loss or max drawdown breach. Size accordingly.
Gold (XAUUSD): traded under Metals rules, 1:9 leverage on Alpha One.
See Best prop firm for gold traders.
Rules every funded forex trader should know
Confirm on your plan page the day you trade:
- Maximum drawdown and daily loss, breach closes the account
- 2-minute rule, average hold above 2 minutes; 50% of profit from trades held longer than 2 minutes
- News windows, 5 minutes before and after high-impact releases on targeted instruments
- Lot caps by account size on each plan page
- Weekend holds, programme-dependent (see above)
Full rule map: Our rules explained.
Funded forex account vs instant forex funding
Some operators sell instant forex funding with no evaluation. We do not. Every funded forex account with us requires passing Alpha One, Pro, Swing, or Three first. Instant products often carry different rule stacks, read any firm's terms before you pay.
More: Trader funding UK 2026.
Platforms and country notes
Our platforms: MT5, cTrader, DX Trade, TradeLocker.
U.S. residents: No MT5; cTrader closed to new U.S. customers; DX Trade and TradeLocker available. EAs need MT5, factor that in if you rely on automation.
Country list: Our country availability guide.
Futures (ES, NQ, CL): Alpha Futures
Frequently asked questions
What is a funded forex account?
The FX trading account you receive after passing our evaluation, our Qualified Analyst Account on simulated funds.
How do forex funding programs work?
Pay assessment fee → pass evaluation on simulated FX → receive funded account → request performance fees when eligible.
What leverage do funded forex accounts use?
1:30 (One, Swing), 1:50 (Three), 1:100 (Pro) on FX.
Can I trade gold on a funded forex account?
Yes, metals including XAUUSD are on our plan pages with separate leverage from FX.
Is a funded forex account a live broker account?
No. Simulated balance. Performance fees may be paid on eligible results, not guaranteed.
Funded forex vs funded futures?
We offer FX/metals/indices/oil. Alpha Futures offers CME futures. Same group, different products.
Do funded forex accounts guarantee payouts?
No. Outcomes vary. Many traders do not pass on the first attempt.
Related reading
- What are funded accounts? (2026)
- Qualified trading account UK guide
- Trader funding UK 2026
- Cheapest prop firm: real cost compared
Compare our FX programmes · Help centre
We are Alpha Capital Group, a proprietary trading firm based in the United Kingdom. All our accounts operate in a simulated trading environment with simulated funds. Performance fees are based on eligible simulated trading results and outcomes are not guaranteed. Always confirm live rules, pricing, and eligibility on alphacapitalgroup.uk and help.alphacapitalgroup.uk before purchasing an assessment.
