Alpha Capital Discount Code AQM74 applies a 40% discount on all trading evaluation accounts at Alpha Capital Group, and it is entered at checkout before you pay. If you have never bought an evaluation from a proprietary trading firm before, the code itself is the easy part — the harder part is understanding what you are signing up for, which decisions get locked in permanently, and where in the purchase flow the discount box actually appears. This guide walks the whole path in order, from first visit to confirmed payment.

Alpha Capital Group is a UK-based proprietary trading firm. It is not a broker, and it does not hold client money. What you buy is entry to an evaluation: you pay a one-off fee, trade a simulated account against a defined set of risk rules, and if you meet the requirements you move onto a funded account where you receive a share of the simulated profits you generate as a performance fee.

That distinction trips up a lot of newcomers. You are not depositing money to trade with, and you are not being allocated real capital in your own name. Trading is simulated throughout, and the payout you receive is a performance fee based on results in that simulated environment. This is standard across the industry and Alpha Capital discloses it, but it is worth being clear on before you spend anything.

For context on the firm itself: it reports operating across more than 140 countries with well over a million registered traders, and it sits inside a wider group that also includes Alpha Futures and the broker ACG Markets. A registered UK entity inside a group structure is a meaningful difference in a sector where many brands are opaque offshore shells.

Registration on sites like this follows a familiar pattern. You provide an email address, set a password, and confirm the email before you can complete a purchase. A few pieces of general advice for a first-time sign-up anywhere:

Do not rush from registration straight to checkout. The next two decisions matter more than the price you pay.

On the challenge or pricing page you select an evaluation type and an account size. Account sizes run up to $200,000 in simulated capital, and the fee scales with the size you choose. Because AQM74 applies across the account range, the absolute saving grows with the size — 40% off a larger account is a bigger cash reduction than 40% off a small one, even though the percentage is identical.

For a first purchase, bigger is not automatically better. A larger simulated balance comes with proportionally larger risk limits, but it does not make the rules easier to satisfy. The discount actually strengthens the case for the opposite approach: buy a smaller account first, find out whether your process survives contact with the rules, and scale up afterwards. At full price that two-step route is expensive. With 40% off, you pay 60% of the listed fee at each step, which makes testing before committing far more defensible.

Trading is available across MetaTrader 5, cTrader, TradeLocker and DXtrade, with the firm's own platform in development. This is the single decision in the flow that first-timers most often regret, because platform choice is typically locked once the account is created.

Decide before you pay, not after. If you already trade on one of the four, pick the one your charting, execution habits and any automated tools are built around. If you have no history with any of them, open a demo elsewhere and spend a session clicking through the order entry, the position management and the risk display on your shortlist. A platform whose order ticket you misread under pressure is a genuine hazard when a daily loss limit is in play.

The code reduces the price of the evaluation itself. It is applied at checkout, before payment, and it has no effect on anything that happens afterwards. Here is the order of operations:

Two practical notes on discount fields in general. First, they are sometimes collapsed behind a small link labelled something like "have a code?" rather than shown as an open box, so look for that before assuming there is nowhere to enter it. Second, codes are usually validated on exact match, so type it rather than relying on autofill, and avoid trailing spaces if you paste. If the total does not visibly drop, stop and resolve it before paying — a code entered after payment is no longer a code.

One more thing to check: a discount like this normally cannot be combined with another active promotion in the same transaction. If a site-wide offer is already applied to your cart, you will generally have to pick one or the other rather than stacking both.

This is the clearest way to think about it. The code reduces the one-off cost of entry. It does not alter the profit target, the daily loss limit, the maximum drawdown or the performance split. Nothing about the trading conditions you receive is different because you paid less for the seat.

It also does not improve your probability of passing, and it should not be read as a signal that passing is easy. Firms of this type earn a large share of their revenue from evaluation fees paid by traders who never reach a payout. A lower entry price is genuinely useful, but it is a discount on a cost, not an improvement in odds.

Once the account is live, the evaluation is phased and leads to what the firm calls Qualified Analyst status. You clear the evaluation stage or stages against a profit target and risk limits, and once qualified you trade with no profit target at all — the objective shifts to staying inside the drawdown while producing consistent returns.

Most traders fail evaluations on the risk rules rather than the profit target, and the two that end accounts are the daily loss limit and the maximum drawdown. A daily limit punishes strategies that need room to breathe within a session. A maximum drawdown measured from a high-water mark punishes giving back gains. Read both before you look at the target, because together they decide whether your strategy is even compatible with the account you are about to buy.

On the payout side, the firm publishes an 80% performance split as standard, with a 90% option available as a paid add-on, and offers bi-weekly and on-demand payout options. Note that the 90% is bought rather than earned, so a first-timer should weigh whether it is worth adding before knowing whether they will pass at all. Also be aware that evaluation fees are generally non-refundable if you breach a rule.

If you have already decided to attempt an evaluation here, applying the code is straightforward value: it reduces a fee you were going to pay and changes nothing else. The decision that deserves your attention is the one before the checkout page — whether the risk envelope fits how your strategy actually behaves. If it does, the saving is best spent starting smaller and proving the process. If it does not, a 40% discount only means you lose slightly less while finding out.

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.