Pros ✅
Alpha Capital Group
- Excellent Trustpilot rating of 4.6/5 and Free Trial- $2,000,000 max capital with 80% profit share and bi-weekly payouts- Overnight, weekend, and news trading permitted- Scaling option with 1:100 leverage- Professional trading dashboard.
City Traders Imperium
- One-step and two-step evaluations with up to $4 million funding.- 4.8/5 Trustpilot rating with a one-time free retake for Day Trading.- Weekly withdrawals, aggressive scaling, and up to 100% profit split.- Flexible challenge timelines, including unlimited for Instant funding.- Quality trader education with a proprietary Risk Manager Tool.- News trading allowed with no daily loss rule for Instant funding.
Rules 📋
Alpha Capital Group
Lot Size Limit, Maximum Daily Loss, Maximum Loss, Minimum Trading Days, No Martingale Allowed, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
City Traders Imperium
Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, No Weekend Holding, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
Account Size 🪙
Alpha Capital Group
"$10,000 USD", "$100,000 USD", "$200,000 USD", "$25,000 USD", "$50,000 USD"
City Traders Imperium
"$1,000 USD", "$10,000 USD", "$100,000 USD", "$15,000 USD", "$2,000 USD", "$20,000 USD", "$25,000 USD", "$5,000 USD", "$50,000 USD", "$75,000 USD"
Comparative Overview
The prop trading scene presents traders with myriad opportunities for leveraging capital from established firms. Alpha Capital Group and City Traders Imperium are two such firms that offer unique prospects coupled with a strict set of guidelines. Retail traders and potential users would benefit from an acute comparison to tailor the right fit for their trading styles and growth expectations.
Alpha Capital Group Review
Alpha Capital Group has etched a strong reputation, as indicated by its stellar 4.6/5 Trustpilot rating. New entrants can dip their toes in with a Free Trial, making it an approachable option. For seasoned traders, the firm offers an impressive maximum capital limit of $2 million with an 80% profit share, which is industry-competitive. Payouts are processed bi-weekly, ensuring prompt reward for trader efforts.A particularly welcomed perk is the permission for overnight, weekend, and news trading which appeals to various trading strategies that often face limitations in other prop firms. Additionally, the scaling option paired with a leverage of 1:100 sets the stage for substantial account growth, backed by a professional trading dashboard that enhances the trading experience.However, the firm falls short in the diversity of trading instruments, confining users to Forex pairs, commodities, and indices. Strictures such as lot size limits and a two-minute minimum average trade duration rule may impinge on traders who favor scalping or rapid execution styles.
City Traders Imperium Review
City Traders Imperium boasts a commendable Trustpilot score of 4.8/5 and offers a nuanced evaluation system with one-time free retake for Day Trading which softens the onboarding experience. They provide a staggering opportunity for traders to manage up to $4 million and the chance to retain up to 100% of the profits. Unlike their counterpart, the withdrawal process is weekly, supporting an aggressive cash flow for active traders.The firm shines in educational resources and tools, like their proprietary Risk Manager Tool, which aids traders in risk management—a critical aspect often overlooked by new entrants. Their flexible challenge timelines cater to traders with various time commitments, and the policy to allow news trading with no daily loss rule for Instant funding is a bold and trader-friendly stance.However, the low leverage of 1:10 may deter those looking to take bold positions in the market. Moreover, the mandatory stop-loss rule, while beneficial from a risk management perspective, may constrain certain aggressive strategies.
Comparative Analysis of Trading Conditions
Alpha Capital Group’s rules are relatively restrictive, with specific limitations imposed on trading practices like the prohibition of third-party copy trading and martingale strategies. On the contrary, City Traders Imperium leans towards leniency in trading days and the absence of a weekend holding, albeit mandating a stop-loss for each position.
Funding and Withdrawals
A trader’s cash flow is significantly affected by the ease and variety of deposit and withdrawal options. City Traders Imperium trumps Alpha Capital Group with a wider array of deposit methods like Crypto and PayPal, while Alpha Capital Group sticks to credit/debit cards. For withdrawals, City Traders Imperium again provides more flexibility with modern financial services like PayPal, Revolut, and Wise, contrary to Alpha Capital Group’s more traditional approach of utilizing Bank Wire Transfers and Deel.
Account Size Flexibility and Instruments
Alpha Capital Group caters to a broader audience with varied account sizes, starting from $10,000 to $200,000, which might appeal to both novice and experienced traders. City Traders Imperium doesn't disclose specific account sizes but advertises in USD, potentially indicating more tailored packages.
Trading Instruments and Account Currencies
The two firms differ slightly in their offerings concerning tradeable instruments. Alpha Capital Group offers more variety with commodities included, while City Traders Imperium focuses on indices and metals. Both firms, however, operate with USD as their account currency, which suits the global market standard.
Final Thoughts
Both Alpha Capital Group and City Traders Imperium present compelling cases for different types of traders. The final decision hinges on personal preference surrounding account growth potential, supported trading strategies, and the availability of educational tools. One's inclination towards stricter risk management versus aggressive scaling potential may also tip the scales. Traders should weigh these factors against their individual trading styles and goals to choose the right prop trading firm for their journey.
