Should I choose by promo code first?

No. TSB keeps promo status separate from rule fit, payout context, source coverage, country availability, and external trust signals.

What should I verify before paying?

Check the official challenge rules, live checkout price, KYC and country availability, payout terms, refund rules, and platform support before buying an evaluation.

FTMO vs Alpha Capital | Rules, Payouts & Offers Compared

FTMO

Traders who want the most established forex/CFD prop firm benchmark and clear evaluation rules.

Open profile Promo status Alternatives Check live terms

Alpha Capital

Forex/CFD traders comparing a UK-headquartered firm with multiple evaluation styles and a mature platform stack.

Open profile Promo status Alternatives Check live terms

Comparison verdict

How to decide

FTMO currently leads on TSB Fit Score, but Alpha Capital can still be the better account if its market, platform, and drawdown model fit your trading style.

FTMO: FTMO is mainly a forex/CFD evaluation decision. Check MT4/MT5/cTrader access, daily loss, max loss, news rules, and payout conditions before price.
Alpha Capital: Alpha Capital is mainly a forex/CFD evaluation decision. Check MT4/MT5/cTrader access, daily loss, max loss, news rules, and payout conditions before price.

Do not skip

Rules before discounts: daily loss, max loss, trailing drawdown, payout timing, and minimum days matter more than a code.
Market intent first: futures combine pages and forex/CFD evaluations solve different trading problems.
Checkout last: check live price, country availability, KYC, and refund terms on the official checkout.

Who should pick each firm

Pick FTMO if...

FTMO leads this pair on current TSB Fit Score, so start here if the market and platform match your trading style.
FTMO is mainly a forex/CFD evaluation decision. Check MT4/MT5/cTrader access, daily loss, max loss, news rules, and payout conditions before price.
Rule pressure is workable, but still needs account-specific sizing: 10% static.
Money check: primary fee/price note is "live price needs verification"; payout context is "Up to 90%"; max scale/allocation is "$2M".
Platform fit matters here: mapped platforms include MT4, MT5, cTrader.
Source coverage is stronger because TSB has an official row mapped for this firm.

Pick Alpha Capital if...

Choose Alpha Capital only if its market, platform, or rule model fits you better than the higher-scoring side.
Alpha Capital is mainly a forex/CFD evaluation decision. Check MT4/MT5/cTrader access, daily loss, max loss, news rules, and payout conditions before price.
Rule pressure is workable, but still needs account-specific sizing: 10% static.
Money check: primary fee/price note is "Checkout fee varies by account size; max allocation across plans is $400K"; payout context is "Up to 80%"; max scale/allocation is "$2M".
Platform fit matters here: mapped platforms include MT5, cTrader, DXtrade, TradeLocker.
Source coverage is stronger because TSB has an official row mapped for this firm.

Side-by-side comparison

Use this as a structured shortlist, not as final financial advice. Check live checkout price, KYC availability, rules, and payout terms before buying an evaluation.

Factor	FTMO	Alpha Capital
TSB Fit Score	86 - Core recommendation candidate	79 - Strong comparison candidate
Markets	Forex, Indices, Metals, Crypto	Forex, Indices, Metals
Platforms	MT4, MT5, cTrader	MT5, cTrader, DXtrade, TradeLocker
Evaluation model	Two-step evaluation	Forex/CFD evaluation programs
Primary account size	$100K	$100K Alpha Swing benchmark
Primary fee	Checkout audit	Checkout fee varies by account size; max allocation across plans is $400K
Profit target	10% / 5%	10% / 5%
Daily loss	5%	5%
Max loss / drawdown	10% static	10% static
Payout terms	Up to 90% / Reward request after funded-stage rules	Up to 80% / On-demand performance-fee requests for Alpha Swing
Max scale	$2M	$2M
Promo status	No public TSB code listed - Offer watch	No public TSB code listed - Offer watch
External trust signal	4.8 / 44,654 reviews	4.7 / 20,581 reviews

Program rows and payout detail

These are the connected program rows TSB is using for this comparison. A firm can have multiple plans, so treat this as the mapped decision row and verify the official checkout before paying.

FTMO mapped rows

2-Step FTMO Challenge

Account$100K

Steps2 steps

Target10% / 5%

Daily loss5%

Max loss10% static

PriceCheckout audit

Profit splitUp to 90%

Payout pathReward request after funded-stage rules

FTMO 2-Step keeps familiar 10/5 targets and static 10% maximum loss, but the 5% daily loss and 4 minimum trading days per phase still decide trader fit.

Alpha Capital mapped rows

Alpha Swing

Account$100K Alpha Swing benchmark

Steps2 phases

Target10% / 5%

Daily loss5%

Max loss10% static

PriceCheckout fee varies by account size; max allocation across plans is $400K

Profit splitUp to 80%

Payout pathOn-demand performance-fee requests for Alpha Swing

Alpha Swing is one of the cleaner source-backed rows: 10/5 targets, 5% daily loss, 10% static drawdown, 3 minimum days per phase, and up-to-80% performance split.

Source and rule coverage

FTMO source coverage

Challenge row: Official source snapshot
Coverage: Official source mapped
Risk note: FTMO 2-Step keeps familiar 10/5 targets and static 10% maximum loss, but the 5% daily loss and 4 minimum trading days per phase still decide trader fit.

Open official source

Alpha Capital source coverage

Challenge row: Official Alpha Capital rules snapshot
Coverage: Official source mapped
Risk note: Alpha Swing is one of the cleaner source-backed rows: 10/5 targets, 5% daily loss, 10% static drawdown, 3 minimum days per phase, and up-to-80% performance split.