Alpha Capital Launches Free August Trading Competition

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Alpha Capital Group launched a free-entry August Trading Competition, offering funded assessment accounts worth up to $100,000. 

The competition will reward the top 70 traders with prizes ranging from $5,000 to $100,000 assessment accounts. 

Traders must enter through the Alpha Capital dashboard by July 31 and adhere to strict risk-management rules.

Alpha Capital Group has announced the launch of its August Trading Competition, offering traders a chance to secure funded assessment accounts worth up to $100,000 through a free-entry contest. The proprietary trading firm announced that participants can register through the firm’s dashboard before the July 31 entry deadline, creating an accessible opportunity for traders seeking larger capital allocations. The competition will reward the top 70 performers with assessment accounts of varying sizes. 

The first-place winner will receive a $100,000 assessment account, while second- and third-place finishers will earn $50,000 assessments. In addition, traders who place fourth and fifth will secure $25,000 assessments. Participants ranked between sixth and thirtieth will receive $10,000 assessments, whereas traders finishing between thirty-first and seventieth place will be awarded $5,000 assessment accounts. 

Alpha Capital Launches Free August Trading Competition

Furthermore, Alpha Capital Group outlined a straightforward registration process for interested participants. Traders must log into the firm’s dashboard, navigate to the Competition List section, and select the Enter Competition option. After submitting their details, participants will receive an email containing their competition trading account credentials and a link to download the trading platform. The firm also published a comprehensive set of rules designed to maintain fair competition. 

Participants cannot use Expert Advisors (EAs), and the firm has imposed strict position-sizing limits. Traders may place up to 10 lots per trade on forex pairs, gold, and silver instruments, while oil, indices, and CFD trades carry a maximum limit of 30 lots per position. Moreover, competitors may hold no more than five consecutive open trades at any given time. Risk management remains a central focus of the event. The competition includes a maximum daily drawdown limit of 5% and a maximum total drawdown limit of 10%. 

At the same time, Alpha Capital Group stated that traders must avoid exploiting unrealistic fills within the demo trading environment. However, the firm allows both weekend holding and news trading strategies. Meanwhile, Alpha Capital Group emphasized that each participant may submit only one entry. The firm warned that anyone attempting to bypass this rule through multiple accounts or email addresses could face a permanent ban. As the registration deadline approaches, the firm aims to attract a broad range of traders by combining free entry with funded assessment opportunities that could help participants advance their trading careers.

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