Your commonly asked questions below.
Is Alphachain regulated?
No, there is no regulation class to what we as we do not manage any investor funds, we have our own proprietary capital. The Financial Conduct Authority (FCA) is aware of our presence in the market and also what we do.
What trading platform do Alphachain traders use?
Funded Traders use Metatrader 4 platform, which is the most common choice for traders and brokers worldwide. We want to give our traders the most professional trading environment and this is it. Some traders use another platforms for chart analysis out of choice, any fees for these platforms are paid by the trader.
What nationality must I be to apply?
We provide funding to all traders globally regardless of nationality. Access our online trading room and funded accounts from any country as long as you have a laptop and internet connection.
Do I need to be regulated or have a licence to trade for Alphachain?
No, you don’t need to be regulated or have a licence. All of our traders are independent contractors that work for Alphachain Capital. As a contractor for the firm there is no licence requirement.
Can you make money by trading during a recession or depression?
Yes. Asset prices continue to fluctuate and traders are able to position themselves in both directions. Buyers can accumulate assets and hold prices as the market trends higher to make a profit. Short sellers have the ability to sell borrowed assets and buy back at lower prices with the difference being their profits. There is always an opportunity in the financial markets whatever the condition.
Which Brokers do Alphachain use?
All of our funded accounts are direct market access (DMA) CFD accounts which use cutting edge technology to provide the best prices across the markets at any given time, however, due to our agreements with the providers we are not at liberty to disclose the broker’s names.
What type of execution method do our traders use?
All trading activity is executed through our brokers via DMA market execution. Commissions and overnight holding fees apply at institutional spread rates.
Can I use my own indicators or expert advisors?
Yes. Our traders are either experienced with a verified track record or have completed the pre-requisite training as a junior trader and therefore understand how to manage capital. We give our traders complete autonomy of the trading account, providing our risk management rules and trader reporting guidelines are adhered to. As independent traders you are free to use whichever tools you feel will enhance your trading performance.
Can I hold positions overnight?
Yes, we have a mix of day traders and swing traders. No trader is allowed to hold positions over the weekend in FX. One of the benefits in trading cryptocurrencies is you can trade 7 days a week.
How do traders request profit withdrawals from there funded accounts?
We automatically calculate and pay out profits to all traders at the end of each month. Your first capital stage requires you to achieve the profit target before funds are paid out.
Why do I have to pay training fees?
Training fees only apply to traders with little to no trading experience. We require a minimum of 12 months track record, it must be on a verified account with a minimum account size of $10,000. If you do not have this but believe you have what it takes to be a trader, you are required to carry out the pre-requisite training which ensures you have the ability to manage our capital with a sufficient level of knowledge.
Why do I have to pay for the membership fee which includes mentorship?
Once on a funded account, there is a monthly membership fee which is paid quarterly or monthly. We provide on-going development and training even after the initial training period, through bespoke mentorship from professional traders, regular 1 on 1 review sessions, access to private trading rooms, live classroom style webinars and much more. You will have an experienced trader with you at every step of the way along with a global community of traders to share your opinions. Our traders don’t just want the funds, they want the mentorship to support them over the longer time while trading real funds. The training is the pre-requisite knowledge to access our capital, the real learning takes place on live capital with mentorship.
Is Alphachain a scam?
This is a question that I’m sure most trading firms get asked, so we do not take personal offence to it. We are a registered company and our presence is known to the Financial Conduct Authority (FCA) which should give people comfort. Our team’s experience spans some of the largest global investment banks and funds. Our backgrounds can easily be verified online, and once done, you will know that you are in good hands. We pride ourselves on being transparent with everybody we deal with. We always recommend speaking with us to ask questions or we can arrange for you to speak with one of our current traders. If you have any questions please feel free to reach out and we endeavour to respond as quickly as possible.