Alpha Capital Discount Code AQM74 applies a 40% discount on all trading evaluation accounts at Alpha Capital Group, reducing the one-off entry fee at checkout. This article is not a pitch for the offer — it is a walk through the conditions attached to it, what the code does not cover, and the situations in which the money you save disappears anyway.
The exact scope of the discount
The single most important line of fine print is also the simplest: the code discounts the evaluation fee and nothing else. Alpha Capital Group is a UK-based proprietary trading firm, not a broker, and it does not hold client money. You pay once to enter an evaluation, trade a simulated account against a defined set of risk rules, and if you meet the requirements you move to a funded stage where you receive a share of the simulated profits as a performance fee. The code touches only the first of those steps.
That means the following are all unchanged by AQM74:
The profit target you have to reach in the evaluation stage or stages
The daily loss limit
The maximum drawdown, and the method used to measure it
The performance split — 80% as standard, with a 90% option sold as a paid add-on
Payout arrangements, which the firm offers on a bi-weekly and on-demand basis
Because the reduction is proportional rather than a flat sum, the absolute saving scales with the account size you pick. A 40% reduction means you pay 60% of the listed price, so on a larger account the cash saved is larger in absolute terms while the discount rate stays the same. Nothing in that changes the rules attached to the account you bought.
Eligibility: who the code is for
The code is a checkout-stage promotion on the firm's own pricing or challenge pages, so eligibility is essentially a matter of being able to complete that purchase. The firm reports operating across more than 140 countries with well over a million registered traders, which is a broad footprint, but breadth is not the same as universality. Proprietary trading firms typically maintain a list of jurisdictions they will not onboard from, and that list is set by the provider rather than by the promotion. If your country is not served, the discount code is irrelevant — there is no purchase to apply it to.
Age and identity requirements sit in the same category. Firms of this type generally verify identity before a payout is released rather than before a purchase is taken, which creates an obvious trap: a discounted fee is still a fee, and paying it before you have checked that you can be verified is the wrong order of operations. Read the onboarding requirements first, then apply the code.
Expiry, stacking and one-per-transaction limits
Promotional codes in this sector are set by the provider and can be withdrawn, replaced or re-scoped at any time, and the terms displayed on the official site at the moment you check out are the ones that govern your purchase. That is why the last step before payment should always be confirming that the 40% reduction is actually reflected in the total. A code that has been entered but not applied looks identical to one that has been applied, right up until you read the number.
The other standard restriction is stacking. AQM74 normally cannot be combined with another active promotion in the same transaction. If the firm is running a separate campaign, the two will usually be mutually exclusive, and the checkout will apply one or the other rather than both. Where you have a genuine choice between two offers, compare the resulting totals rather than the headline percentages, because the base prices the two are applied to may not be the same.
There are no wagering or turnover conditions — and that matters
This is worth stating plainly because the language of bonus codes leads people to expect it. AQM74 is a price discount, not a credited bonus. There is no turnover requirement, no volume threshold and no lock-up period attached to the discount itself. You are not being given something you must then trade through in order to keep.
The consequence is that the conditions you should actually be reading are the account rules, not the promotion terms. The evaluation is phased and leads to what the firm calls Qualified Analyst status. Once qualified, there is no profit target at all — the objective becomes staying inside the drawdown while producing consistent returns. Before that point, the rules that end accounts are the daily loss limit and the maximum drawdown. A daily limit constrains strategies that need room to move within a session; a maximum drawdown measured from a high-water mark penalises giving back gains you have already made. Those two clauses decide whether the account is compatible with how you trade, and no discount alters either.
Products, platforms and what is locked once you pay
The discount applies across the evaluation range, with account sizes running up to $200,000 in simulated capital. Trading is available on MetaTrader 5, cTrader, TradeLocker and DXtrade, with the firm's own platform in development. The platform decision is the one most often regretted, because platform choice is typically locked once the account is created. Choosing it during a discounted checkout does not make it any more reversible.
Add-ons are a separate line item. The 90% performance split is a paid upgrade rather than something earned through performance, so it increases the amount you are paying before the discount is calculated. If you add options you do not need in order to make the discounted price feel like a bargain, you have spent more, not less.
How the saving is effectively forfeited
There is no clause that revokes the discount after purchase — it is taken off the price at the point of sale and that transaction is done. What can be lost is the value of it, and there are a handful of routine ways that happens:
Breaching a rule. Evaluation fees are generally non-refundable if you breach a rule, so the discounted amount you paid is gone with the account.
Buying a size you cannot trade within. A larger account bought because the discount made it affordable still carries proportionally tight risk limits.
Entering the code but not confirming it. If the total does not change, you have paid full price.
Splitting a purchase across promotions. Attempting to combine offers may result in only one applying, or neither.
Paying anywhere other than the official site. A code entered on a third-party page is not a purchase from the provider at all.
A short pre-purchase checklist
Confirm your country is served before you pay anything.
Read the daily loss limit and the maximum drawdown method, in that order, before you look at the profit target.
Decide the platform, since it is usually fixed once the account exists.
Decide whether you genuinely want the 90% split add-on, rather than adding it because the total looks lower.
Enter AQM74 in the discount field and apply it.
Check that the 40% reduction appears in the total before completing payment.
Keep the confirmation and the terms as they stood on the day you bought.
What the fine print adds up to
AQM74 is a clean, narrow offer: 40% off the entry fee, applicable across all evaluation accounts, with no strings attached to the discount itself. The complexity lies entirely in what you are buying, not in the code. Trading is simulated — you are not allocated real capital in your own name, and the performance fee is based on results in a simulated environment. The firm discloses this, and it sits inside a wider group including Alpha Futures and the broker ACG Markets, with a registered UK entity behind it, which is more transparency than much of the sector offers.
It also pays to remember that the sector itself changes. Rule sets are revised and platform partnerships end; the firm's sister operation changed platform providers during 2026, which required migrating existing accounts. A discounted fee is best treated as discretionary spend rather than an investment, and the discount is worth using only once you have satisfied yourself that the risk envelope fits the way you actually trade.
Trading carries a substantial risk of loss and is not suitable for every investor. Evaluation fees are generally non-refundable unless the provider's terms state otherwise. Nothing here is financial advice.
Promotional terms, eligibility and values are set by the provider and can change at any time. Always confirm the current terms on the official site before signing up or completing a purchase.