Prop Firm Reviews
A side-by-side look at two currently operating firms with very different models: Alpha Capital Group's percentage-based forex/CFD evaluations against Bulenox's dollar-denominated, automation-friendly futures program. Pulled from each firm's own published rules and recent independent coverage. Not a recommendation to use either firm.
Alpha Capital Group (UK-based, forex/CFD evaluations) and Bulenox (US-based, futures evaluations) are both individually covered on this site, but they've never been compared directly. They aren't substitutes for each other in the way two futures firms would be — different markets, different account structures — but both are currently accepting new evaluations and both get searched together by traders comparing evaluation-based prop firms broadly. This page re-verifies both firms' current published rules and lines them up side by side. It is not a recommendation to use either firm.
| Category | Alpha Capital Group | Bulenox |
|---|---|---|
| Market | Forex, indices, metals, oil (CFDs) | Futures |
| Evaluation structure | 1-Step (Alpha One), 2-Step (Pro, Swing), or 3-Step (Three) | Single-phase Qualification, no minimum trading days |
| Drawdown type | 6% trailing (Alpha One, locks at starting balance once up 6%) or 6–10% static (Pro, Three, Swing) | Trader's choice: real-time trailing, or end-of-day trailing plus a daily loss limit |
| Daily loss limit | 3–5% of balance/equity depending on plan | Fixed dollar amount by account size (EOD option only), e.g. $500 on a $25K account, $2,200 on $100K |
| Min. trading days | 1 (Alpha One) to 3 per phase (Pro, Three, Swing) | 0 in Qualification; 10 required before a Master Account's first withdrawal |
| Profit split | Up to 80% of simulated profits | 100% of the first $10,000, then 90% to the trader |
| Payout schedule | Bi-weekly or on-demand, depending on programme | Weekly, processed on Wednesdays |
| Consistency rule | 40% Best Day Rule (on-demand payouts only) | 40% consistency rule (Master Account payouts only) |
| Automated trading (EAs/copiers) | Not addressed as a blanket permission in the firm's published rules guide | Explicitly permitted on all account types, a stated differentiator versus most competitors |
| Max allocation | Up to $400,000 combined across all Alpha Capital accounts | $10,000–$250,000 per account; up to 11 Master Accounts (3 active at once) |
Sources: alphacapitalgroup.uk/posts/alpha-capital-rules-explained-drawdown-profit-targets-daily-loss-and-evaluation-rules-2026 (official Alpha Capital blog, dated May 20, 2026, fetched directly in full this run) and tradecovex.com/guides/bulenox-rules-2026 (third-party rules reference, updated April 2026, fetched directly in full this run, since bulenox.com's own rules pages did not return readable content through this run's automated fetch, a JS-rendering limitation noted on prior Bulenox coverage on this site). Both firms confirmed still actively accepting new evaluations as of August 2026 via WebSearch cross-referencing financemagnates.com, propfirmmatch.com, tradingfinder.com, and trustpilot.com.
A UK-based forex/CFD prop firm founded in 2021, running four evaluation programmes (Alpha One, Alpha Pro, Alpha Three, Alpha Swing) that trade off profit target, drawdown room, and daily loss limit against each other. As of this run it appears to still be actively accepting new evaluations, with promotional discount codes and user reviews dated as recently as early August 2026.
Alpha Capital's own published rules guide is unusually detailed about a subtlety that trips up traders on similar firms: its Alpha One trailing drawdown only trails until the account is up 6%, at which point the floor locks permanently at the starting balance rather than continuing to tighten. Weekend holds are allowed on every programme except Alpha Pro's funded ("Qualified Account") stage. Independent review aggregators put Alpha Capital's Trustpilot-style rating in the mid-4-out-of-5 range across nearly 1,000 reviews as of early August 2026, alongside the documented payout-denial complaints tied to the 2-minute minimum trade duration rule noted in this site's standalone Alpha Capital Group review.
A US-based (Delaware-registered) futures prop firm founded in 2022, running a three-stage model: Qualification, Master Account, then a mandatory transition to a real-capital Funded Account after three successful Master Account payouts. As of this run it appears to still be actively accepting new evaluations, with Trustpilot review volume continuing to grow through July 2026.
Bulenox's defining feature versus most futures prop firms, including the ones this site has already reviewed, is that it lets the trader choose between two drawdown calculation methods at evaluation time, and it explicitly permits EAs, algorithms, and trade copiers on every account type rather than banning or restricting them. The trade-off is the same "flipping" complaint documented in this site's standalone Bulenox review: a subjective, unpublished threshold for denying payouts when profit is concentrated in one or two outsized trades, on top of the published 40% consistency rule. One review aggregator (PropFirmCircle) rates Bulenox "Not Recommended" over this issue, while Trustpilot volume remains in the 4.7–4.8 out of 5 range across roughly 1,700 reviews as of July 2026 — a split picture this page presents as-is rather than resolving in either direction.