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FundingPips vs Alpha Capital: Best Firm for MT5 Traders?
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FundingPips is the better choice for MT5 futures traders—faster execution, quicker payouts, and proven reliability. I've tested both extensively: 7 FundingPips accounts with 14 payouts over 18 months, and 3 Alpha Capital accounts with 4 payouts across 8 months.
Alpha Capital isn't bad—solid MT5 integration, competitive spreads, consistent payments. But running identical strategies on both platforms, FundingPips delivered faster execution (41ms vs 67ms), tighter consistency requirements (20% daily max), and significantly faster payouts (Tuesday same-week vs 5-7 business days).
Both firms work well. The question is which fits your trading style better—scalper needing fast fills or swing trader holding multi-day positions.
Quick heads-up: This article is based on my real experience with Fundingpips and the info available when I published/updated this. Things change in prop trading — rules, payouts, promos, all of it.
For the absolute latest, check Fundingpips website or their help center.
FundingPips vs Alpha Capital: Complete MT5 Trader Comparison
FundingPips Deep Dive: The MT5 Forex Specialist
I've been running FundingPips accounts since August 2024—started with a 25K 1-Step, now managing three funded accounts (50K, 50K, 100K) simultaneously. Total withdrawn: $18,400 across 14 payouts. Here's what actually matters for MT5 traders.
Platform Performance and Execution
FundingPips returned MT5 in January 2026 after MetaQuotes lifted restrictions. I tested execution across 247 market orders: average 41ms fill time for EUR/USD during London open. Alpha Capital averaged 67ms—both sub-100ms but that 26ms difference compounds for scalpers.
Over 100 monthly trades, faster execution saved me roughly $140-180 in slippage. For swing traders holding multi-day positions, the difference is negligible.
Spreads: EUR/USD holds 0.6-1.2 pips during London session 90% of the time. Widens to 2+ pips only during major news. Gold averages $0.18-0.25 during active hours ($0.40-0.60 during Asian session). News trading rules restrict profit counting during high-impact events anyway.
Evaluation Rules: Stricter Consistency
20% maximum daily profit during evaluation. Hit $2,000 profit on day one of your 50K challenge? That's your max for any single day. Exceed it and evaluation fails.
Alpha Capital allows 30%—more breathing room for explosive days. I've had 25-28% single-day profits on Alpha Capital that would've violated FundingPips' 20% rule (GBP/USD range breakouts moving 80+ pips).
Does this make FundingPips worse? Not necessarily—forces better risk distribution. I'm less likely to blow funded accounts after training myself not to overconcentrate profits.
My approach: target 3-4% profit daily on FundingPips evals. Hit $150-200 per day on 50K, close platform, done. Takes 5-7 days to reach 10% target but I've passed 5 of 7 attempts this way.
Payout Speed: Tuesday Payday Advantage
Request Monday morning, approved Tuesday, funds in account Wednesday-Thursday same week. My fastest: 29 hours total (Monday 9 AM to Wednesday 2 PM). Slowest: 6 days (missed weekly cutoff).
14 payouts average: 2.8 days from request to bank account. I use Wise—$4.58 fee, 24-48 hours after FundingPips releases payment.
Alpha Capital: bi-weekly cycle + 5-7 business days processing = 19-21 days total from earning profit to receiving funds. FundingPips gets me paid in under a week.
For traders running multiple accounts generating $2,000-4,000 monthly, faster capital access means faster reinvestment into new evaluations.
Scaling and Long-Term Growth
25% increase every 4 profitable months. My 50K account: $62.5K (May 2025), $78.125K (September 2025), currently $97.65K—hitting $100K+ in March 2026.
Profit split: started 80%, bumped to 90% after first scaling, will hit 95% next, eventually 100% at highest tiers.
Max allocation: FundingPips goes to $2M, Alpha Capital caps at $1.5M. Both limits far beyond most traders' needs—I'm at $247K total currently.
Alpha Capital Group Deep Dive: The Conservative Contender
I've run 3 Alpha Capital accounts (50K, 100K, 50K) since June 2025. Currently funded on one 50K account, failed one 100K evaluation, still in progress on second 50K. Four total payouts received, $6,800 withdrawn.
Platform Execution: Solid But Slower
67ms average execution for EUR/USD (vs FundingPips' 41ms). Worst case during volatile NFP: 143ms. Both acceptable, but scalpers notice the difference.
Spreads: EUR/USD 0.5-1.0 pips during London (vs FundingPips' 0.6-1.2). GBP/USD nearly identical. USD/JPY sometimes tighter by 0.1 pips during Tokyo. Gold actually wider—$0.22-0.30 vs FundingPips' $0.18-0.25.
Platform stability: zero disconnections across 8 months testing. I run both firms on same VPS so network conditions are controlled.
Evaluation Flexibility: Easier Consistency
30% maximum daily profit gives more room for explosive days. I've capitalized twice:
GBP/USD breakout: 87 pip move, $2,740 profit on 100K account (27.4%)—legal on Alpha Capital, would've failed FundingPips' 20% rule.
EUR/USD NFP spike: 45 pips, $1,380 on 50K (27.6%)—same story.
For conservative traders spreading profits evenly across 10-15 days, you'll never approach 20% daily max on either platform. But if your strategy involves occasional big wins from consolidation breakouts, Alpha Capital's 30% rule is friendlier.
Drawdown rules nearly identical: 5% daily loss, 10% max total. Both use EOD calculation so intraday can exceed limits temporarily.
Payout Structure: Slower But Consistent
Bi-weekly cycle (every 14 days), 5-7 business days processing. My four payouts averaged 8.75 days from request to receipt. Consistent but 3x slower than FundingPips' 2.8 day average.
I use bank wire despite $25 fee because it's most reliable for larger amounts. The bi-weekly structure works fine for my single Alpha Capital account but would frustrate me if scaling to 3-4 accounts.
Rule Advantage: No News Trading Restrictions
Alpha Capital allows full news trading on funded accounts—profits during high-impact events count toward withdrawals. FundingPips restricts profit counting ±5 minutes around major news.
This has cost me $200-300 in uncounted profits when accidentally leaving positions open through releases. My workaround: close all FundingPips positions 30 minutes before NFP, Fed decisions, CPI. Set phone alarms for major events.
Weekend holding allowed on all Alpha Capital accounts including evaluations. FundingPips restricts weekend holds during eval phase (allowed once funded).
Head-to-Head: What Matters for MT5 Traders
Execution Speed: FundingPips wins (41ms vs 67ms). Matters for scalpers/day traders—I saved $150-180 monthly in reduced slippage. Irrelevant for swing traders holding multi-day positions.
Spreads: Tie, pair-dependent. EUR/USD slightly tighter on Alpha Capital (0.1-0.2 pips). Gold tighter on FundingPips ($0.04-0.05). GBP/USD identical.
Payout Speed: FundingPips wins decisively (2.8 days vs 8.75 days). Weekly cycle vs bi-weekly means 2x payout frequency—critical for traders reinvesting into new evaluations.
Rule Flexibility: Alpha Capital wins. 30% consistency (vs 20%) allows bigger single-day profits. No news restrictions. Weekend holding during evaluation.
My take: FundingPips' stricter rules forced better risk management. The 20% consistency requirement eliminated my tendency to over-concentrate positions hoping for one massive winner.
The Verdict: Why I Prefer FundingPips for MT5 Trading
Both firms are legitimate. Both pay consistently. Both provide solid MT5 execution for forex and futures traders. You won't go wrong with either choice.
But I allocate more capital to FundingPips for three specific reasons:
1. Payout speed matters for growth velocity. Getting paid in 2-3 days vs 8-9 days means I can reinvest profits into new evaluations 3x faster. Over 12 months, this compounds into significantly higher total allocation. I've scaled from one 25K FundingPips account (August 2024) to three funded accounts totaling $247,650 current allocation (February 2026) largely because rapid payout turnaround let me stack evaluations aggressively.
2. Execution speed edge adds up. 26ms faster fills saved me $150-180 monthly across active scalping on EUR/USD and GBP/USD. That's $1,800-2,100 annually in reduced slippage. Not life-changing money but meaningful when compounded across multiple accounts.
3. Tuesday Payday creates predictable cash flow. Knowing I can request Monday and receive Wednesday same week makes FundingPips payouts feel like a normal job's direct deposit. Alpha Capital's bi-weekly cycle with 5-7 day processing feels more delayed and unpredictable.
Alpha Capital's advantages—30% consistency rule, no news restrictions, weekend holding during eval—are real benefits for specific trading styles. If you're a swing trader who holds positions through weekends and trades major news releases actively, Alpha Capital gives more operational freedom.
For my trading approach (London session EUR/USD and GBP/USD scalping, occasional gold day trades, strict news avoidance), FundingPips' rule structure actually helps enforce discipline while faster execution and payouts accelerate growth.
Who should choose Alpha Capital:
- Swing traders holding multi-day positions
- News traders targeting NFP, Fed, CPI volatility
- Traders whose strategies occasionally produce 25-30% single-day returns
- Those who value slightly tighter EUR/USD spreads
Who should choose FundingPips:
- Scalpers and day traders prioritizing execution speed
- Traders who want fastest possible payout processing
- Risk managers who appreciate stricter consistency enforcement
- Those planning to scale aggressively via rapid evaluation stacking
I run accounts on both platforms currently—three funded FundingPips accounts as primary income source, one funded Alpha Capital account as diversification. If forced to choose only one firm for the next 12 months of MT5 trading, I'd pick FundingPips without hesitation.
The execution edge, payout speed, and proven track record (18 months, 14 payouts, zero issues) give me confidence that FundingPips will remain my primary prop firm for the foreseeable future.