🅰️ Prop Firm Guide
forex + indices + crypto + commodities
Updated 2026-04-30
Alpha Capital Group Trading Journal
A UK-based forex prop firm with two-step evaluation and an emphasis on discipline-focused trader development.
Why Alpha is harder than it looks
Alpha's two-step evaluation has a strict consistency element built into the second phase — traders breeze through phase 1 with aggressive sizing, then trip phase 2 when the rules tighten.
Most traders approach a Alpha challenge thinking skill is the constraint. It isn't. Rule-awareness under pressure is what decides whether you get funded. A single miscount on your trailing drawdown or a single moment of inattention on the daily loss limit ends the whole attempt — and the fee that came with it.
Rules · Account Mechanics
What you actually need to track
- Drawdown typeStatic max drawdown (typically 10%) — locked at starting balance
- Daily loss limit5% of starting balance, daily reset
- Profit target8% Phase 1, 5% Phase 2 (verification)
- Consistency ruleYes — enforced more on the funded account than the evaluation
- Minimum trading days5 days per phase
- Time limitGenerally unlimited — no rush to pass
Promo tip: Alpha discounts during major weekend promos and end-of-quarter events. Forex traders often pair Alpha with one more firm for diversification.
The 3 mistakes that end most Alpha challenges
- Going aggressive in phase 1 then trying to repeat it in phase 2. The smaller target rewards smaller risk — the same approach trips drawdown.
- Overlooking the consistency rule on the funded account. It's enforced at payout, not during evaluation — easy to miss until it bites.
- Confusing UK timezone resets with your local time. Alpha operates on UK time; your daily loss resets when London resets, not New York.
"Prop firms aren't selling you capital — they're selling you a test of your discipline. The traders who pass Alpha aren't the best strategists. They're the ones who never forget where their drawdown is."
How Journali's Prop Firm Mode solves this
Built for Alpha Capital Group specifically
Journali lets you set your daily reset timezone to UK so your Alpha daily loss buffer matches the firm's actual reset, not your local clock. We also track funded-account consistency separately from evaluation phases.
Plus everything else you'd expect from a professional trading journal: unlimited trade logging, full analytics, equity curve, setup breakdown, emotion tracking, and optional AI coaching on Premier.
How to set up a Alpha account in Journali
- Sign up free — takes 30 seconds, no credit card required.
- Go to Settings → Prop Firm Mode — toggle on and select Alpha Capital Group as your firm.
- Enter your account size and starting balance — Journali auto-fills the rule set for Alpha.
- Link SnapTrade (optional) — auto-syncs every trade from your broker so you never manually log again.
- Start trading — your daily loss buffer, trailing drawdown, and consistency ratio are now live on every trade.
Frequently asked questions
Does Journali's prop firm mode work with Alpha Capital Group?
Yes. Journali's Prop Firm Mode supports Alpha Capital Group's rule set including static max drawdown (typically 10%) — locked at starting balance. You set it up once, and the dashboard tracks your buffer live on every trade.
Is there a free trial I can use while running a Alpha challenge?
Journali's free plan includes 6 trades. If you're burning through a Alpha evaluation, upgrade to Pro ($20/mo) for unlimited trades and Prop Firm Mode. Cancel anytime — no contract.
What's the #1 reason traders blow their Alpha challenge?
Going aggressive in phase 1 then trying to repeat it in phase 2. The smaller target rewards smaller risk — the same approach trips drawdown.
Can I track multiple Alpha accounts in Journali?
Yes. Each account gets its own drawdown, daily loss, and consistency tracking. Perfect if you're stacking Alpha accounts during a promo.
Also see
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Rules shown are current as of 2026-04-30 and may change. Always verify rules on Alpha Capital Group's official site before trading.