Choosing the right proprietary trading firm can directly impact your trading flexibility, risk management, and scaling potential. Alpha Capital and FTMO are two well-known names in the prop trading space, each offering structured evaluation programs for traders looking to manage funded accounts. Below is a clean, side-by-side comparison of their similar challenge models to help you decide which suits your trading style better.
One-Step Challenge: Alpha Capital vs FTMO
Both firms offer a one-step evaluation designed for traders who prefer a faster route to a funded account without multiple verification phases.
| Product Info |
 One Step Challenge Alpha Capital |
 FTMO One Step Challenge |
|---|---|---|
| Account Sizes Available | 100k, 10k, 200k, 25k, 50k, 5k | 100k, 10k, 200k, 25k, 50k |
| Consistency | 40% | 50% |
| Crypto Leverage | NA | 1:2 |
| Fee Refund | No | Yes |
| FX Leverage | 1:30 | 1:100 |
| Indices Leverage | 1:10 | 1:50 |
| Leverage | 1:30 | 1:100 |
| Maximum Daily Loss | 4% | 3% |
| Maximum Loss | 6% | 10% |
| Metals Leverage | 1:9 | 1:100 |
| Minimum Trading Days | 1 Day | 4 Days |
| News Trading | Allowed with Restrictions | Allowed with Restrictions |
| Profit Split | - | 90% |
| Profit Traget | 10% | 10% |
| Rewards | Bi weekly | Bi weekly, On Demand |
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Two-Step Challenge: Alpha Capital vs FTMO
The two-step challenge remains the most popular evaluation model, focusing on consistency and disciplined risk management over multiple phases.
| Product Info |
Two Step Alpha Pro Challenge |
FTMO Two Step Challenge |
|---|---|---|
| Account Sizes Available | 100k, 10k, 200k, 25k, 50k, 5k | 100k, 10k, 200k, 25k, 50k |
| Consistency | 40% | NO |
| Crypto Leverage | NA | 1:2 |
| Fee Refund | No | Yes |
| FX Leverage | 1:100 | 1:100 |
| Indices Leverage | 1:20 | 1:50 |
| Leverage | 1:100 | 1:100 |
| Maximum Daily Loss | 3%+3%, 4%+4%, 5%+5% | 5% |
| Maximum Loss | 10%+10%, 6%+6%, 8%+8% | 10%+10% |
| Metals Leverage | 1:30 | 1:30 |
| Minimum Trading Days | 3 Days | 4 Days |
| News Trading | Allowed with Restrictions | Allowed with Restrictions |
| Profit Split | 80% | 90% |
| Profit Traget | 10%+5%, 6%+6%, 8%+5% | 10%+5% |
| Rewards | Bi weekly, On Demand | Bi weekly, On Demand |
Important Note on Other Models
Alpha Capital also offers additional challenge formats (such as swing-based or three-step models). Since FTMO does not provide equivalent structures for these, they are intentionally excluded to keep the comparison fair and like-for-like.
Final Verdict
Both Alpha Capital and FTMO cater to serious traders, but they appeal to slightly different preferences. FTMO is often chosen for its long-standing reputation and clearly defined rules, while Alpha Capital attracts traders looking for alternative structures and flexibility across challenge types. The better choice ultimately depends on whether you prioritize established consistency or broader evaluation options
