Alpha Direct $200K challenge
The $200K size of Alpha Capital's Alpha Direct program: an instant funding account with a 5% max loss and a 90% 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
- $200K
- Instant funding
- Price
- $897
- One-time fee
- Daily loss limit
- 3%
- $6,000
- Max loss
- 5%
- $10,000, balance trailing
- Profit split
- 90%
- Payouts
- On demand after a 3% buffer
- Fee refunded
- No
How it compares
Target ÷ max loss
n/a
No profit target to reach.
Break-even return
0.5%
Return needed on the funded account for your share to cover the fee.
Cost per $100K
$449
Cheaper than the $495 median for $200K forex challenges at other firms.
What the rules mean in practice
- There is no evaluation. You trade a funded $200K account from day one, so the loss limits are the only rules between you and a payout.
- On any single day you can lose up to $6,000 (3%). 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 $10,000 (5%). This is balance trailing drawdown: the loss limit rises with your closed balance as you make profit, so it follows your gains.
- Consistency rule: 15% best-day rule
- At a 90% split, you need about 0.5% return on the funded account to earn back the $897 fee.
- Payouts: on demand after a 3% profit buffer plus 1% minimum profit.
- Qualified from purchase with no evaluation phase.
- Open loss on any single asset must stay under 1% of the starting balance from the first trade.
- A 3% profit buffer must be built and kept in the account before the first payout.
- EAs and weekend holding are not allowed; the account cannot be merged or scaled.
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 Direct sizes
| Steps | Profit target | Daily loss | Max loss | Buy | ||||
|---|---|---|---|---|---|---|---|---|
| $2.5K | InstantAlpha Direct | None | 3% | 5% | n/a | 90% | $21$30 | Buy |
| $5K | InstantAlpha Direct | None | 3% | 5% | n/a | 90% | $46.90$67 | Buy |
| $10K | InstantAlpha Direct | None | 3% | 5% | n/a | 90% | $67.90$97 | Buy |
| $25K | InstantAlpha Direct | None | 3% | 5% | n/a | 90% | $137.90$197 | Buy |
| $50K | InstantAlpha Direct | None | 3% | 5% | n/a | 90% | $179.90$257 | Buy |
| $100K | InstantAlpha Direct | None | 3% | 5% | n/a | 90% | $319.90$457 | Buy |
| $200K | InstantAlpha Direct | None | 3% | 5% | n/a | 90% | $627.90$897 | Buy |
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Other Alpha Capital programs
Each at the size nearest $200K.
Similar $200K challenges
Same account size at other forex firms, cheapest first.
| Steps | Profit target | Daily loss | Max loss | Buy | |||||
|---|---|---|---|---|---|---|---|---|---|
 AquaFundedSince 2023 | $200K | InstantInstant Funding Standard | None | 3% | 5% | n/a | 90%to 100% | $553.80$852 | Buy |
 FundingPips4.570.9K | $200K | InstantZero | None | 3% | 5% | n/a | 95% | $710.40$888 | Buy |
AquaFundedSince 2023 | $200K | InstantInstant Funding Pro | None | 3% | 6% | n/a | 90%to 100% | $588.47$905.34 | Buy |
 Blue GuardianSince 2021 | $200K | InstantInstant | None | 3% | 6% | n/a | 80%to 90% | $715.50$954 | Buy |
 Goat Funded TraderSince 2022 | $200K | InstantInstant HERO | None | 3% | 5% | n/a | 90%to 100% | $636.35$1,157 | Buy |
Goat Funded TraderSince 2022 | $200K | InstantInstant GOAT | None | 3% | 6% | n/a | 80%to 100% | $914.65$1,663 | Buy |
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More featured challenges
Alpha Direct $200K 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 Direct $200K challenge?
The list price is $897, before any discount code. At the time of our check a 30% discount was available.
What is the profit target?
There is no profit target. This is an instant funding account.
What is the maximum loss?
5%, or $10,000, using balance trailing drawdown. The loss limit rises with your closed balance as you make profit, so it follows your gains.
Is there a daily loss limit?
Yes, 3% ($6,000).
What profit split does it pay?
90%. Payouts: on demand after a 3% buffer.
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