Reviewed by PropFirm201 Research Team·At a Glance
Pricing & Challenge Types
Funded Trader Program
1 phase · 50% profit split · Scaling available
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $10,000 | $499 | 10% | 5% | 10% |
| $25,000 | $999 | 10% | 5% | 10% |
| $50,000 | $1999 | 10% | 5% | 10% |
Pros & Cons
Pros
- Established since 2017 with a long track record
- CPD-certified training programs
- Comprehensive mentorship and education included
- London-based with a transparent corporate structure
- Real mentorship from experienced traders
Cons
- 50% profit split is significantly below industry standard
- Very high fees ($499-$1,999) compared to competitors
- Non-refundable challenge fees
- MT4 only with no MT5 or cTrader support
- Expert Advisors not allowed
Trading Rules
About Alphachain
Alphachain (formally Alphachain Traders) is a proprietary trading firm and trading academy established in 2017 and headquartered in London, United Kingdom. The firm takes a unique approach by combining funded trading with comprehensive education and mentorship, with all programs CPD-certified (Continuing Professional Development).
Unlike most modern prop firms that focus on low-cost evaluations and high profit splits, Alphachain positions itself as a training-first organization that develops traders through structured education before providing capital. This approach results in higher fees but includes mentorship, trading courses, and ongoing support that most prop firms do not offer.
How It Works
Alphachain combines education with evaluation:
Funded Trader Program:
- Training Phase: Complete CPD-certified training modules covering trading fundamentals, risk management, and strategy development.
- Evaluation: Trade a simulated account with a 10% profit target, 5% daily loss limit, and 10% maximum drawdown. Minimum 10 trading days within a 30-day period.
- Funded Account: Upon passing, receive a funded account with a 50% profit split. Access to 100+ instruments with up to 1:100 leverage.
The firm offers account sizes of $10,000, $25,000, and $50,000, with the possibility of scaling through consistent performance.
Pricing & Plans
| Account Size | Fee |
|---|---|
| $10,000 | $499 |
| $25,000 | $999 |
| $50,000 | $1,999 |
Fees include access to CPD-certified training programs, mentorship, and the funded trader evaluation. Fees are non-refundable.
Rules & Restrictions
- Maximum Daily Loss: 5% of the account balance.
- Maximum Overall Loss: 10% of the initial account balance.
- Minimum Trading Days: 10 days per evaluation period.
- Maximum Trading Days: 30 days.
- News Trading: Allowed.
- Weekend Holding: Not allowed.
- Expert Advisors: Not allowed.
- Scalping: Allowed.
- Hedging: Allowed.
- Copy Trading: Not allowed.
- Leverage: Up to 1:100.
Payouts
- Frequency: Monthly.
- Profit Split: 50/50.
- Methods: Bank transfer.
- Processing Time: Within the monthly payout cycle.
- Reactivation Fee: If you surpass the drawdown limit, a reactivation fee may apply even for profitable traders.
Is Alphachain Legit?
Alphachain is a legitimate and established prop firm with a long track record:
- 8+ years of operation since 2017, one of the longest in the industry.
- London-based with a transparent corporate structure.
- CPD-certified programs provide educational credibility.
- 4.0/5 Trustpilot rating from approximately 200 reviews.
- Not regulated as a financial services provider (regulation is not required for prop firm operations).
The main criticism is the 50% profit split and high entry fees. While the education component adds value, traders who already have a proven strategy will find better value at firms offering 80%+ profit splits at lower entry costs.
FAQ
What is Alphachain?
Alphachain is a London-based proprietary trading firm and academy established in 2017 that combines CPD-certified education with funded trading accounts, offering a mentorship-first approach to prop trading.
How much does Alphachain cost?
Alphachain programs range from $499 for a $10,000 account to $1,999 for a $50,000 account. Fees include training and mentorship but are non-refundable.
What is Alphachain's profit split?
Alphachain offers a 50/50 profit split, which is below the industry standard of 80% but includes comprehensive education and mentorship.
Does Alphachain allow EAs/bots?
No, Alphachain does not allow Expert Advisors or automated trading bots.
Is Alphachain available in the US?
No, Alphachain does not currently accept traders from the United States.