Alphachain Account Type

Alphachain offers several types of trading accounts tailored to different trader needs. The main account types include:

• Direct Funding Accounts:

• $15,000 Account:

• One-time setup fee: £1,500 (inc VAT)

• Leverage: 1:100

• Max lot size: 0.5 lots

• Initial target: 10% (at each level)

• Max drawdown: 10% based on starting balance

• Profit split: 50%

• Weekly risk limit: 5%

• $20,000 Account:

• One-time setup fee: £2,000 (inc VAT)

• Leverage: 1:100

• Max lot size: 0.75 lots

• Initial target: 10% (at each level)

• Max drawdown: 10% based on starting balance

• Profit split: 50%

• Weekly risk limit: 5%

• Evaluation Accounts:
• Traders start with a smaller account size and can progress to larger accounts upon meeting specific targets.
• Initial target: 6% profit with a maximum drawdown of 5% during the evaluation phase.
• Self-Funded Accounts:
• Traders can choose to fund their accounts without seeking additional capital from Alphachain.

Alphachain Broker Account Opening Process

To open an account with Alphachain, follow these steps:

• Choose Your Account Type:
• Decide whether you want a Direct Funding Account, Evaluation Account, or a Self-Funded Account.
• Complete the Application:
• Visit the Alphachain website and fill out the application form for the chosen account type.
• Payment:
• Pay the required one-time setup fee (either £1,500 or £2,000 for Direct Funding Accounts).
• Receive Account Details:
• Once payment is confirmed, you will receive your login details for the trading account, usually within 24 hours.
• Start Trading:
• Begin trading on the Alphachain platform (MetaTrader 4) and work towards your profit targets.
• Profit Withdrawal:
• After reaching your profit target, you can request a withdrawal by emailing support with your trading account number and an invoice for the amount you wish to withdraw. Withdrawals typically take up to 7 working days to process.