Alpine Funded offers simulated funding on forex trading accounts to traders, with a maximum funding level providing $200,000 in buying power, with an option to scale up to as much as $2 million in gross funding.
While this may sound enticing, it is worth noting that the firm does not offer real funding and trading on live accounts and is limited to simulated funds.
Furthermore, relevant reviews and ratings of Alpine Funding are severely lacking, which raises some concerns regarding the legitimacy of the firm and its trustworthiness.
Read more in our in-depth review as we dive deeper into the features, training rules, platforms and fees offered by Alpine Funding to decide if this proprietary trading firm is the right choice for your financial goals.
Pros and cons of Funds for Traders prop firm
Pros
Instant funding available
Scale up to $2 million
Up to 90% profit share
No minimum trading days
Cons
Only simulated funds
Lack of relevant reviews and ratings
Limited operational history
Safety of Alpine Funded – 1.5
When signing up for a prop trading challenge, security is one of the main concerns for traders, as the prop trading market is largely unregulated, which means that scams may appear every now and then.
When searching for reviews and ratings on Alpine Funded from reputable platforms, there are very few of them. For instance, the Forex Peace Army does not have a dedicated page for the firm. The FPA is one of the most reputable review aggregators for forex prop firms and brokerages.
Furthermore, the reviews that are available on Trustpilot only give the firm a rating of 3.6 out of 5 – based on only 12 ratings.
Alpine Funded capital allocation and maximum funding – 3
Capital allocation and funding levels are very important aspects of a prop trading evaluation. Prop firms typically divide their offerings into several funding tiers.
When it comes to Alpine Funded, the firm offers funded accounts from $10,000, up to $200,000, which can be scaled up to as much as $2 million after successful withdrawals from profitable trades.
It is worth noting that the maximum funded tier offered by Alpine is lower than many competing prop firms, who typically offer $500,000 or $1 million as the maximum funded tier.
Overall, the funded accounts are divided into 5 tiers for both the Base Camp and the Peak evaluation programs.
Alpine Funded assets – 3.5
The instruments offered by Alpine Funded are relatively diverse and the total number of tradable assets are over 100, including forex pairs, commodities, indices and commodities.
The highest leverage offered for forex pairs is 1:100.
While the firm does not offer equities trading, this is common among forex prop firms. It is also worth noting that the number of instruments is relatively limited and the official Alpine Funded website also does not list out the specific assets traders can buy and sell at the firm.
Overall, Alpine Funded gets a decent assets score of 3.5 out of 5.
Alpine Funded rules and limitations – 3.4
Prop trading firms enforce a range of rules and limitations traders need to follow in order to maintain their accounts.
The rules typically limit the daily and overall drawdowns and set profit targets traders must attain to continue using the firm’s services.
The rules and limits for the Base Camp instant funding and the Peak evaluation programs offer similar terms to Alpine Funded clients.
We will discuss the specific terms for both evaluation programs in more detail below.
Base Camp evaluation
The following account terms apply to the instant funding Base Camp evaluation program:
- No challenge period limitation
- No profit targets
- 5 minimum trading days
- 4% daily drawdown limit
- 8% maximum overall drawdown limit
- 1:100 maximum leverage on forex trades
- Use of Expert Advisors allowed
- Account fees are not refundable
The Peak evaluation
On the other hand, the 2-step evaluation offered by the Peak funding program offers the following terms and limitations:
- Unlimited challenge period for Phases 1 and 2
- 8% profit target for Phase 1
- 5% profit target for Phase 2
- 5 minimum trading days for Phases 1 and 2
- 4% daily drawdown limit for Phases 1, 2 and Funded
- 8% maximum overall drawdown limit for Phases 1, 2 and Funded
- 1:100 maximum leverage on forex trades
- Weekend holding available on all phases
- All account fees are refundable
Overall, while the profit targets are different for the Peak evaluation program, there is little to differentiate the instant and 2-step funding challenges.
It is also worth noting that the account fees for the Peak evaluation are fully refundable, while this is not the case for the Base Camp.
In order to progress from a Base Camp evaluation to The Peak, traders will need to consistently remain profitable and generate a total of 13% in profits. Continuing on this path allows for the scaling plan to increase funding from the $200,000 account up to as much as $2 million in gross funding.
Alpine Funded fees – 3
Funded accounts are subject to fees based on the buying power they provide to traders. The fees for the Peak evaluation program are generally quite lower than the Base Camp, as the latter offers a much faster route to getting funded.
Base Camp evaluation fees
The following fees apply to the accounts offered by the Base Camp evaluation program:
- $199 for the $10,000 account
- $299 for the $25,000 account
- $399 for the $50,000 account
- $699 for the $100,000 account
- $1199 for the $200,000 account
As we can see, the fees for the Base Camp instant funding program are relatively high, as it is reserved for traders that would like to gain access to a funded account as soon as possible.
The Peak evaluation fees
The Peak evaluation program charges the following fees for its two-step funding challenge:
- $69 for the $10,000 account
- $159 for the $25,000 account
- $269 for the $50,000 account
- $449 for the $100,000 account
- $899 for the $200,000 account
The fees for the Peak evaluation program are considerably lower than those of the Base Camp challenge. The Peak is also the most popular evaluation program offered by Alpine Funded.
Alpine Funded platforms – 3.5
When it comes to prop trading platforms, MetaTrader 4 is the most popular platform for forex trades. Its simplistic design and functionality make it the go-to platforms for millions of forex traders worldwide.
Unfortunately, Alpine Funded does not have access to MT4. The firm partners with Purple Trading to give its clients access to cTrader, which is another FX platform that is frequently chosen by traders.
cTrader comes with dozens of technical indicators, economic calendars, automated trading capabilities and more functionality to make the process of trading as convenient as possible.
However, it must be noted that seasoned forex traders may see the absence of MetaTrader as a major red flag for Alpine Funded.
Alpine Funded profit-sharing –
Profit-sharing agreements are incredibly important for traders, as they determine the amount of money traders can keep for themselves.
Typically, prop firms will keep 10-20% of the generated profits, while the remaining 80-90% goes to the trader.
This is the same for Alpine Funded as well and the Base Camp instant funding account gives traders 80% of their profits, while the Peak evaluation allows them to keep 90%.
Therefore, the profit split offered by Alpine Funded is in line with the competition, which can be a positive or negative, depending on the expectations of traders.
Education and trading tools at Alpine Funded – 5
When beginner traders sign up at a prop firm they often require educational content to get acquainted with the process of how prop firms work and what strategies they could use in order to successfully complete a challenge.
However, Alpine Funded does not have any educational content of its own, such as webinars or blogs. Formal trading courses are also unavailable.
Luckily, Alpine Funded partners with Purple Trading, which is a licensed FX and CFD brokerage firm. In terms of educational content, Purple Trading offers ebooks, guides and the Purple Academy, which means that the broker covers all the bases when it comes to forex trading education.
Due to the educational features that come with Purple Trading, Alpine Funded gets a perfect score in the education category.
Alpine Funded customer support – 2.4
Clients who would like to contact Alpine Funded can do so using the live chat function, which is available 24/7.
The support email is also available. The official Alpine Funded website is available in English only, which can be an issue for some users.
The firm can also be contacted on X.com, Instagram, DIscord and Telegram. The FAQ section answers some of the most common questions prospective clients may have.
It is worth noting that the official hotline is not listed on the website, which docks some points from Alpine’s total customer support score.
FAQ on Alpine Funded prop firm
Is Alpine Funded a legit prop firm?
What can you trade at Alpine Funded?
Does Alpine Funded have MetaTrader 4?
