Alpha Capital Group has introduced a new mobile trading app for its retail proprietary trading clients, moving more of its funded-trader model onto smartphones as rival prop firms race to expand their tech offerings.

However, data released by the company indicate that, compared with 2024, the value of payouts to traders may have fallen by as much as threefold.

Alpha Capital Group Rolls Out Mobile App For Prop Traders

The London-based firm said the app is now available to its customer base, which it describes as numbering in the hundreds of thousands. The launch puts Alpha among the first prop trading providers focused on retail clients to offer a dedicated mobile app, rather than relying only on web dashboards and third-party trading platforms.

The Alpha Capital app brings together account metrics, performance data and assessment tracking in one place, according to the company. Users can monitor how they are progressing through evaluations, review trading statistics, check trades and see market conditions from their phone, instead of logging into desktop portals.

Managing Director George Kohler called the rollout “another big milestone” in the firm’s effort to improve the customer journey.

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“Having the ability to track your assessment progress, trading stats, trades and market conditions all within the ease of a mobile app will make life so much easier for our customers,” he said.

The app also includes the option to request performance fees directly from the mobile interface. Alpha says the combination of full performance tracking, “advanced tracking and data points all in one place” and in-app payout requests makes it “one of the most advanced mobile apps in the sector.”

App Ties Into Progression Path Via Alpha Prime

The mobile launch follows the introduction earlier this year of Alpha Prime, the group’s London-based proprietary trading company that gives experienced traders direct access to global markets. Alpha Prime is pitched at users who have already demonstrated consistent results and risk control with Alpha Capital or its Alpha Futures offering.

Alpha Prime is “designed for traders who have proven their skills, mastered risk management, and developed a trading edge,” the firm said. Kohler added that Alpha wants to offer “a pathway through Alpha Prime for those that do succeed to move to another level and potentially carve out a career in trading.”

That progression model is central to how the group frames the new app: traders can use the mobile tools to monitor their performance in simulated and funded stages, and, if they meet required benchmarks, seek to move into Alpha Prime’s more institutional-style setup.

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Payouts Three Times Lower Than in 2024?

Alpha Capital Group was set up in 2021 by Kohler and Director Andrew Blaylock and has grown quickly from a start-up into what it describes as a high-growth firm in the retail prop trading space. The company says more than 1 million traders across 140 countries have used its platform.

The group has paid out a total of $120 million in performance fees to traders, according to its figures. According to data published by the same company nearly a year ago, the figure was approaching $100 million toward the end of 2024. This would mean it paid out $20 million this year, compared with the $60 million it claimed a year earlier.

Kohler said the group “invest so heavily in building technology in-house and providing the best tools and resources on the market that can give our customers as much chance as possible of succeeding.”