Alpha Capital and Funding Pips are both popular proprietary trading firms offering structured evaluation programs for traders aiming to trade funded accounts. While both firms follow disciplined challenge-based models, their rules, scaling approaches, and flexibility differ. Below is a clear, like-for-like comparison of their comparable challenge types to help you understand where each firm stands.
One-Step Challenge: Alpha Capital vs Funding Pips
Both firms provide a one-step evaluation model designed for traders who want quicker access to a funded account without going through multiple verification phases.
| Product Info |
 One Step Challenge Alpha Capital |
 Funding Pips One Step |
|---|---|---|
| Account Sizes Available | 100k, 10k, 200k, 25k, 50k, 5k | 100k, 10k, 25k, 50k, 5k |
| Consistency | 40% | No Consistency Rule (on demand withdrawal attracts 35% consistency) |
| Crypto Leverage | NA | 1:1 |
| Fee Refund | No | refund on their 4th reward |
| FX Leverage | 1:30 | 1:30 |
| Indices Leverage | 1:10 | 1:5 |
| Leverage | 1:30 | 1:30 |
| Maximum Daily Loss | 4% | 3% |
| Maximum Loss | 6% | 6% |
| Metals Leverage | 1:9 | 1:10 |
| Minimum Trading Days | 1 Day | 3 Days |
| News Trading | Allowed with Restrictions | Allowed with Restrictions |
| Profit Split | - | - |
| Profit Traget | 10% | 6% |
| Rewards | Bi weekly | Bi weekly, Daily, Monthly, On Demand, Payday |
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Two-Step Challenge: Alpha Capital vs Funding Pips
The two-step challenge is the most commonly chosen model, focusing on consistency, drawdown control, and risk management across multiple phases.
| Product Info |
Two Step Alpha Pro Challenge |
Funding Pips Two Step |
|---|---|---|
| Account Sizes Available | 100k, 10k, 200k, 25k, 50k, 5k | 100k, 10k, 25k, 50k, 5k |
| Consistency | 40% | Depends on Reward Plan |
| Crypto Leverage | NA | 1:2 |
| Fee Refund | No | Yes With Conditions |
| FX Leverage | 1:100 | 1:100 |
| Indices Leverage | 1:20 | 1:20 |
| Leverage | 1:100 | 1:100 |
| Maximum Daily Loss | 3%+3%, 4%+4%, 5%+5% | 5% |
| Maximum Loss | 10%+10%, 6%+6%, 8%+8% | 10% |
| Metals Leverage | 1:30 | 1:30 |
| Minimum Trading Days | 3 Days | 3 Days |
| News Trading | Allowed with Restrictions | Allowed with Restrictions |
| Profit Split | 80% | - |
| Profit Traget | 10%+5%, 6%+6%, 8%+5% | 5% Second Stage, 8% First Stage |
| Rewards | Bi weekly, On Demand | Bi weekly, Daily, Monthly, On Demand, Payday |
Why Other Models Are Not Included
Funding Pips offers additional variations such as Pro and Zero-style challenges, while Alpha Capital structures its offerings differently. Since these models do not align directly on a like-for-like basis, they are excluded to keep this comparison clean, fair, and meaningful.
Final Verdict
Alpha Capital and Funding Pips both cater to disciplined traders, but they appeal to different preferences. Alpha Capital is often favored for its structured evaluation approach and challenge clarity, while Funding Pips attracts traders looking for alternative rule sets and flexibility across its programs. The right choice depends on whether you value traditional evaluation structure or broader challenge variety.
