Alpha Capital Discount Code AQM74 applies a 40% discount on all trading evaluation accounts at Alpha Capital Group, reducing the one-off entry fee on every account size the firm sells. Below, the questions people actually ask about the code — what it touches, what it leaves alone, how to enter it, and what to check before you hand over any money — are answered one at a time.

It takes 40% off the price of the evaluation itself. The evaluation fee is the one-off cost of entry — the amount you pay to be given a simulated account and a set of rules to trade against. AQM74 is applied at checkout, before payment, and it has no effect on anything that happens after the transaction clears.

You pay 60% of the listed price, because a 40% reduction leaves 60% of the original figure. The code applies across the account range, so the absolute amount you keep in your pocket grows as the account size grows: the same 40% off a larger evaluation is a bigger cash saving than 40% off a small one. The source of the percentage is fixed; the amount depends entirely on the account size you select.

No. This is the single most common misunderstanding about codes in this sector. AQM74 does not alter the profit target, the daily loss limit, the maximum drawdown or the performance split. You get the same account, the same rules and the same requirements as someone who paid full price. The only difference sits on the invoice.

Normally not. Discount fields on checkout pages usually accept one code per transaction, and a second promotion generally will not apply alongside a code in the same purchase. If a seasonal offer is already showing on the pricing page, apply AQM74 and compare the resulting total against the alternative rather than assuming both will land.

It is a UK-based proprietary trading firm. It is not a broker and it does not hold client money. The model is straightforward: you pay once to enter an evaluation, trade a simulated account against defined 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.

The firm reports operating across more than 140 countries with well over a million registered traders. It also sits inside a wider group that includes Alpha Futures and the broker ACG Markets. A group structure with a registered UK entity behind it counts for something in a sector where many brands are opaque offshore shells that disappear without notice. It is not a guarantee of anything, but it is a meaningful difference in transparency.

MetaTrader 5, cTrader, TradeLocker and DXtrade are all supported, and the firm's own platform is in development. Account sizes run up to $200,000 in simulated capital.

In the discount or coupon field on the checkout page, before you pay. The sequence looks like this:

Work through the usual causes before concluding anything. Retype the code manually rather than pasting, since copied text often carries a trailing space. Check that the characters are correct and that autocorrect has not altered them. Make sure you are on the official site rather than a mirror or an affiliate landing page with its own checkout. If another promotion is already applied to the basket, remove it and try again. And confirm you are on the payment step, not the account-selection step — some checkouts only reveal the coupon field at the final stage.

Two things are worth settling in advance. First, your platform choice, because it is typically locked once the account is created. Second, your add-ons: each one increases the base price, so decide whether you want them on their merits rather than because the discount makes the line item look small. A percentage off a larger basket is still a larger basket.

Alpha Capital runs a phased evaluation leading to what the firm calls Qualified Analyst status. You clear the evaluation stage or stages against a profit target and risk limits. Once qualified, you trade with no profit target at all, and the objective shifts from hitting a number to staying inside the drawdown while producing consistent returns.

Not the profit target. Most traders fail evaluations on the risk rules, and the two that end accounts are the daily loss limit and the maximum drawdown. A daily limit penalises strategies that need room to breathe within a session. A maximum drawdown measured from a high-water mark penalises giving back gains after a good run. 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.

The firm publishes an 80% performance split as standard, with a 90% option available as a paid add-on. Payouts are offered on a bi-weekly and on-demand basis. Bear in mind that the split only matters if you get funded and stay funded, which describes a far smaller group than the number of people who buy evaluations.

No. Trading is simulated. You are not allocated real capital in your own name; you are paid a performance fee based on results in a simulated environment. That is standard across the industry and Alpha Capital discloses it, but it is frequently not what newcomers assume they are buying.

Not at all. Proprietary trading firms of this type earn a large share of their revenue from evaluation fees paid by traders who never reach a payout. A discount reduces your cost of entry and nothing else. It should not be read as a signal that passing is easy, and a cheaper attempt is not a better-designed one.

Evaluation fees are generally non-refundable if you breach a rule. That makes the discount a reduction in the amount at stake rather than a safety net. Treat the fee as discretionary spending you are prepared to lose in full.

The sector carries structural risk. Rule sets change, platform partnerships end, and firms have historically restructured their programmes at short notice — Alpha Capital's sister firm changed platform providers during 2026, which required migrating existing accounts. None of that is unique to this firm, but it is a reason not to build long-term plans around a single programme staying exactly as it is today.

One sensible use is the two-step approach: buy a smaller account first to see whether your process survives contact with the rules, then commit to a larger one once it has. At full price that sequence is expensive because you pay twice. At 40% off, both purchases cost 60% of list, which makes the test far easier to justify.

If you have already decided to attempt an Alpha Capital evaluation, AQM74 reduces a fee you were going to pay and changes nothing else, so there is no reason not to apply it. The decision worth agonising over is the one before that. Compare the daily loss limit and the drawdown method against how your strategy actually behaves, rather than against the headline profit split. If the risk envelope does not fit your approach, 40% off simply means you lose slightly less while failing. If it does fit, the saving buys you a cheaper first attempt and room to prove the process before scaling up.

A final practical point that applies to any code: confirm the reduction on the order summary with your own eyes before you complete payment. A code that silently fails to apply is the most common way people end up paying full price while believing they did not.

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.