Alpha Swing $5K challenge
The $5K size of Alpha Capital's Alpha Swing program: a 2-step evaluation with a 10% max loss and a 80% profit split. Every limit below is shown as a percentage and as an amount.
6.3 out of 10PropFirmly score for Alpha CapitalRanked 10 of 14 forex firmsThe numbers
- Account size
- $5K
- 2-step
- Price
- $70
- One-time fee
- Phase 1 target
- 10%
- $500
- Phase 2 target
- 5%
- $250
- Daily loss limit
- 5%
- $250
- Max loss
- 10%
- $500, static
- Profit split
- 80%
- Payouts
- On demand
- Minimum trading days
- 3 per phase
- Time limit
- Unlimited (30-day inactivity limit)
- Fee refunded
- No
How it compares
Target ÷ max loss
1.50
You need 1.50 times the allowed loss in profit before you pass.
Break-even return
1.75%
Return needed on the funded account for your share to cover the fee.
Cost per $100K
$1,400
More expensive than the $980 median for $5K forex challenges at other firms.
What the rules mean in practice
- There are 2 phases. Phase 1 needs $500 profit (10%); Phase 2 needs $250 profit (5%). The loss limits apply in every phase.
- On any single day you can lose up to $250 (5%). Check Alpha Capital's rules for whether that is measured from the day's starting balance or equity, because open trades count.
- The account fails if you lose $500 (10%). This is static drawdown: the loss limit is fixed at a set distance below your starting balance and never moves.
- Consistency rule: 40% best-day rule on the qualified account for on-demand payouts
- At a 80% split, you need about 1.75% return on the funded account to earn back the $70 fee.
- Payouts: on demand only (40% best-day rule and 2% minimum profit)
- Weekend holding is allowed at all stages; news trading is allowed if trades opened within 2 minutes of a release last longer than 2 minutes.
- Leverage is 1:30 on FX and lot exposure limits are half those of Alpha Pro.
- The 90% split add-on is not offered on this plan.
This is our reading of Alpha Capital's published rules. The firm's own terms always take priority. See the full Alpha Capital rules.
Other Alpha Swing sizes
| Steps | Profit target | Daily loss | Max loss | Buy | ||||
|---|---|---|---|---|---|---|---|---|
| $5K | 2 StepsAlpha Swing | 10%5% | 5% | 10% | 1.50 | 80% | $49$70 | Buy |
| $10K | 2 StepsAlpha Swing | 10%5% | 5% | 10% | 1.50 | 80% | $102.90$147 | Buy |
| $25K | 2 StepsAlpha Swing | 10%5% | 5% | 10% | 1.50 | 80% | $172.90$247 | Buy |
| $50K | 2 StepsAlpha Swing | 10%5% | 5% | 10% | 1.50 | 80% | $249.90$357 | Buy |
| $100K | 2 StepsAlpha Swing | 10%5% | 5% | 10% | 1.50 | 80% | $403.90$577 | Buy |
| $200K | 2 StepsAlpha Swing | 10%5% | 5% | 10% | 1.50 | 80% | $767.90$1,097 | Buy |
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Other Alpha Capital programs
Each at the size nearest $5K.
Similar $5K challenges
Same account size at other forex firms, cheapest first.
| Steps | Profit target | Daily loss | Max loss | Buy | |||||
|---|---|---|---|---|---|---|---|---|---|
 AquaFundedSince 2023 | $5K | 2 Steps2 Step Pro | 10%5% | 5% | 10% | 1.50 | 90%to 100% | $13$20 | Buy |
 MavenSince 2022 | $5K | 2 StepsStandard 2-Step | 8%5% | 4% | 8% | 1.63 | 80%to 90% | $20.90$22 | Buy |
AquaFundedSince 2023 | $5K | 2 Steps2 Step Elite | 8%5% | 4% | 12% | 1.08 | 90%to 100% | $18.20$28 | Buy |
 FundingPips4.570.9K | $5K | 2 Steps2 Step Pro | 6%6% | 3% | 6% | 2.00 | 80%to 100% | $23.20$29 | Buy |
AquaFundedSince 2023 | $5K | 2 Steps2 Step Standard | 8%5% | 5% | 8% | 1.63 | 90%to 100% | $19.60$30.15 | Buy |
 Blue GuardianSince 2021 | $5K | 2 Steps2 Step Standard | 8%4% | 4% | 8% | 1.50 | 85%to 90% | $24$32 | Buy |
MavenSince 2022 | $5K | 2 StepsOmo 2-Step | 6%8% | 4% | 8% | 1.75 | 80%to 90% | $30.40$32 | Buy |
 FundedNext4.582.2K | $5K | 2 StepsStellar Lite | 8%4% | 4% | 8% | 1.50 | 80%to 95% | $22.10$32.99 | Buy |
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More featured challenges
Alpha Swing $5K questions
How does Alpha Capital score on PropFirmly?
6.3 out of 10, ranked 10 of 14 forex firms we track. The score rates the firm, not this one account: trader reputation, track record, payout terms, pricing, rule flexibility and platform choice, weighted as described on our methodology page.
How much is the Alpha Swing $5K challenge?
The list price is $70, before any discount code. At the time of our check a 30% discount was available.
What is the profit target?
Phase 1: 10% ($500). Phase 2: 5% ($250).
What is the maximum loss?
10%, or $500, using static drawdown. The loss limit is fixed at a set distance below your starting balance and never moves.
Is there a daily loss limit?
Yes, 5% ($250).
What profit split does it pay?
80%. Payouts: on demand.
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