FundedNext & Alpicap Two-step Comparison

Home » FundedNext & Alpicap Two-step Comparison

All Comparisons

Always stay up to date with our latest news

Welcome to our comparison between FundedNext and Alpicap, where we will compare all the major aspects of each company. We will be looking into the companies themselves as well as the two-step evaluations that both offer to traders from all across the globe.

Company Details

Company DetailsFundedNextAlpicap
Incorporation DateMarch 2022February 2023
CEOAbdullah JayedIliya Penchev
Office LocationUnited Arab Emirates & BangladeshGeneva, Switzerland
Scaling Plan✅❌

FundedNext and Alpicap are two reputable and trustworthy proprietary trading firms. FundedNext was incorporated in March 2022 while being managed by their CEO, Abdullah Jayed. They have their offices located in the United Arab Emirates and Bangladesh. Alpicap, on the other hand, was incorporated in February 2023 while being managed by its CEO, Iliya Penchev. Additionally, their offices are also located in Geneva, Switzerland.

Funding Program Options

Funding Program OptionsFundedNextAlpicap
One-step Evaluationâś…âś…
Two-step Evaluationâś…âś…

FundedNext provides their traders with an opportunity to choose between three funding programs to acquire funding, two two-step evaluations and a one-step evaluation. Alpicap, on the other hand, allows its traders to choose between two funding programs to acquire funding, a two-step evaluation and a one-step evaluation.

Two-step Comparison:

Trading ObjectivesTwo-step StellarStellar LiteEvaluation ModelAlpicap
Profit Target (Phase 1)8%8%10%10%
Profit Target (Phase 2)5%4%5%5%
Maximum Daily Loss5%4%5%5%
Maximum Loss10%8%10%10% (12% with Add-on)
Minimum Trading Days5 Calendar Days5 Calendar Days5 Calendar Days5 Calendar Days (No Minimum Trading Days with Add-on)
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Phase 1: 4 Weeks
Phase 2: 8 Weeks
Phase 1: 30 Calendar Days
Phase 2: 60 Calendar Days
Leverage1:1001:1001:1001:100
Profit Split80% up to 95%80% up to 95%80% up to 95%80% (90% with Add-on)

After covering the trading objectives of each company’s two-step evaluations, let’s take a look at the account sizes and costs of these two-step evaluations.

Account SizeTwo-step StellarStellar LiteEvaluation ModelAlpicap
$2,500❌❌❌$25
$5,000❌$32❌$37
$6,000$59❌$49❌
$7,500❌❌❌$55
$10,000❌$59❌❌
$15,000$119❌$99$99
$25,000$199$139$199$149
$50,000$299$229$299$299
$100,000$519$399$549$499
$200,000$999❌$999$977

Brokers & Trading Platforms

Now that we have addressed the trading objectives, account sizes, and costs associated with FundedNext and Alpicap, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.

 FundedNextAlpicap
BrokerFundedNext ServerThinkMarkets
Trading PlatformMetaTrader 4, MetaTrader 5, Match-Trader, cTradercTrader, DXtrade, Match-Trader

Trading instruments

Another important aspect to compare between proprietary trading firms is trading instruments. In the spreadsheet below, you will be able to learn which trading instrument types can be traded with FundedNext and which with Alpicap.

Trading InstrumentFundedNextAlpicap
Forex Pairsâś…âś…
Commoditiesâś…âś…
Indicesâś…âś…
Cryptocurrenciesâś…âś…

Community Feedback

The last topic we will cover is community feedback from FundedNext and Alpicap. The statistics are taken from the Trustpilot page of each of the mentioned companies.

Trustpilot StatisticsFundedNextAlpicap
Rating4.6/54.8/5
Number of Reviews30,57799
5-Star Ratings84%935%

FundedNext has an excellent rating of 4.6/5. This is out of a total of 30,577 reviews, where 84% of them are rated as 5 stars. Alpicap, on the other hand, also has an excellent rating of 4.8/5. However, this is out of a total of 99 reviews, where 93% of them are rated as 5 stars.

Conclusion

In conclusion, FundedNext and Alpicap are two incredible choices within the proprietary trading firm industry. We can clearly see there are numerous differences within the compared proprietary trading firms, such as trading objectives, account sizes, costs, and community feedback. In addition, there is also a major difference within the funding programs that each of the companies are offering. FundedNext has two two-step evaluations and a one-step evaluation, while Alpicap has a two-step evaluation and a one-step evaluation.

This concludes our comparison between FundedNext and Alpicap. If either of the compared proprietary trading firms sparked an interest, we have prepared a unique discount code, which you can apply while purchasing an evaluation to make it even more affordable!

FundedNext 120% refund code: FOREXPROPREVIEWS

Alpicap 20% discount code: FOREXPROPREVIEWS

Our comparison between FundedNext and Alpicap was last updated on 04.02.2025 at 13:20 (CE(S)T).

ForexPropReviews.com is your trusted source for in-depth reviews, ratings, and the latest news about proprietary trading firms. Our mission is to empower traders by providing unbiased insights, helping them make informed decisions when choosing a prop trading firm. Whether you’re a beginner or an experienced trader, our platform is designed to guide you every step of the way.

Subscribe to Our Newsletter

Subscribe to Get exclusive reviews, ratings, news, and updates from the world of proprietary trading delivered straight to your inbox. 

© 2025 Forex Prop Reviews. All rights reserved. Created with ❤️ for trading.