What should traders know about payment options and refunds at FORFX?
💡 Answer
Payment Methods: Credit/Debit Card, Crypto, Bank TransferRefund Policy
FORFX offers a 125% fee refund on all challenge types upon successful completion and first funded payout. This means traders receive their original challenge fee back plus an additional 25% bonus with their first profit withdrawal. Legend Aggressive variant also offers a 5% refund during evaluation phases. For purchase refunds, traders can email [email protected] and refunds are processed within 2 business days.
More FAQs about FORFX
- Which trading methods are supported by FORFX, and which strategies are not allowed?
- How often can traders withdraw profits from FORFX, and what payout methods are available?
- What percentage of profits can traders earn at FORFX?
- Which tradable assets are offered by FORFX?
- What leverage levels apply at FORFX for different asset classes like forex, indices, metals, and crypto?
- What platform options are available to traders at FORFX, and which broker does the firm work with?
- What execution conditions does FORFX offer related to spread quality, commissions, and slippage?
- Are there any prohibited strategies at FORFX, and how does the firm handle martingale trading and lot size limits?
- What kind of drawdown policy does FORFX apply?
- What are the main risk control rules enforced by FORFX during evaluations?
- What types of trading programs can traders choose from at FORFX?
- What type of trading challenges does FORFX require before funding?
- How large can a funded account be at FORFX, and is there a scaling plan in place?
- How many Trustpilot reviews does FORFX have, and what is its rating?
- What are FORFX's available program types?
- What are the rules at FORFX regarding maximum accounts per trader, account merging, and lot sizing?
- What should traders know about KYC at FORFX, including when verification is required?
- Does FORFX have country-based restrictions for traders?
Guides Where FORFX Is Featured
- Prop Firms Offering Crypto Leverage of 1:1 or Higher
- Prop Firms Offering Crypto Trading
- Prop Firms Offering FX Leverage of 1:75 or Higher
- Prop Firms Offering Maximum Profit Split of 90% or Higher
- Prop Firms Offering Metals Leverage of 1:20 or Higher
- Prop Firms Offering More Than $300k in Funding
- Prop Firms Offering Profit Split Starting at 70% or Higher
- Prop Firms With At Least 3 Years in Operation
- Prop Firms With cTrader Platform
- Top Prop Firms That Accept Clients From Cocos Islands
These guides include FORFX alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.
FORFX vs Alpha Capital vs SabioTrade - Prop Firm Comparison (March 2026)
Side-by-side comparison of FORFX vs Alpha Capital vs SabioTrade. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.
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FORFX
FORFX is an innovative prop firm backed by Opofinance broker offering Flash, Legend, PeakScalp, Black, and Live challenge types with profit splits up to 90%, a unique Live Assessment Plan with real funded accounts, and payouts as fast as 10...
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Alpha Capital
Alpha Capital Group (Alpha Capital) is a UK-based CFD prop firm (founded 2021) that provides simulated-funded "Qualified Analyst" accounts via ACG Markets and lets traders choose between a 1-step (Alpha One), multiple 2-step options (Alpha Pro 6% / 8% /...
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SabioTrade
SabioTrade is an Ireland-based proprietary trading firm operated by Codevil IT Engineering Limited. It offers a single-phase evaluation with five account tiers ranging from $20,000 to $650,000. Traders must reach a 10% profit target while respecting a 5% daily loss...
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| Overview | |||
| Trustpilot Rating | 0 | 4.7 | 3.5 |
| Trustpilot Reviews | 0 | 17,698 | 714 |
| Headquarters | United Arab Emirates | United Kingdom | Ireland |
| Age (Years) | 3 | N/A | 3 |
| Max Funding | $400,000 | $400,000 | $650,000 |
| Profit Split Start | 70% | 80% | 80% |
| Profit Split Max | 90% | 80% | 90% |
| Platforms | MT4 MT5 cTrader | MT5 cTrader DXtrade TradeLocker | MT4 MT5 Quadcode |
| Assets | FX Metals Indices Energy Crypto | FX Metals Indices Oil (Energy) | Forex stocks indices commodities ETFs cryptocurrencies |
| Leverage | |||
| FX Leverage | 100 | 100 | 30 |
| Metals Leverage | 20 | 30 | 25 |
| Crypto Leverage | 2 | 0 | 3 |
| Risk & Drawdown Rules | |||
| Max Daily Loss | Maximum Daily LossFORFX applies model-dependent daily loss limits that differ between evaluation and funded phases.How It Is Applied:Flash Normal: 5% maximum daily loss across all phases.Flash Aggressive: 10% during evaluation, 5% once funded.Legend Normal: 5% maximum daily loss across all phases.Legend Aggressive: 10% during evaluation, 5% once funded.PeakScalp Normal: 5% maximum daily loss across all phases.PeakScalp Aggressive: 10% during evaluation, 5% once funded.Black Normal: 5% maximum daily loss across all phases.Black Aggressive: 10% during evaluation, 5% once funded.Daily drawdown is... | Maximum Daily LossAlpha Capital Group enforces a plan-specific daily drawdown limit that is measured from defined daily reference points (based on balance or equity, depending on the plan). The daily loss limit is evaluated against the current equity value, and breaches are treated as a hard breach (trades are closed automatically).Alpha Pro 10%: 5% balance-based daily drawdown.Alpha Pro 8%: 4% balance-based daily drawdown.Alpha Pro 6%: 3% daily drawdown calculated over the higher of end-of-day balance or equity.Alpha Swing: 5% balance-based... | 5 |
| Max Total Loss | Maximum Overall LossMaximum overall loss on FORFX accounts varies by model and variant.How It Works:Flash Normal: 10% maximum overall loss across all phases.Flash Aggressive: 20% during evaluation, 10% once funded.Legend Normal: 10% maximum overall loss across all phases.Legend Aggressive: 20% during evaluation, 10% once funded.PeakScalp Normal: 12% maximum overall loss (highest among all models).PeakScalp Aggressive: 20% during evaluation, 10% once funded.Black Normal: 10% maximum overall loss across all phases.Black Aggressive: 20% during evaluation, 10% once funded.If equity falls below the... | Maximum Overall LossMaximum total loss is defined by the plan’s maximum drawdown model and is set as a percentage of the initial starting balance. If balance or equity drops below the maximum drawdown threshold, the account is breached and trades are closed automatically.Alpha Pro: static max drawdown of 10% (Pro10) / 8% (Pro8) / 6% (Pro6).Alpha Swing: 10% static max drawdown.Alpha Three: 6% static max drawdown.Alpha One: 6% trailing max drawdown based on the high-water mark (maximum balance achieved). | 6 |
| Drawdown Type | Drawdown ModelFORFX uses a static drawdown model where the maximum loss is measured from the initial starting balance rather than trailing from highest equity.Key Points:All challenge types use static (balance-based) drawdown for overall maximum loss.Daily drawdown resets at 5:00 PM EST based on end-of-day account balance.Aggressive variants have relaxed drawdown limits during evaluation (10% daily / 20% max) but revert to standard limits (5% daily / 10% max) once funded.Drawdown calculations include both open and closed positions.The static model means... | Drawdown ModelAlpha Capital Group uses both static and trailing drawdown models depending on the plan:Static max drawdown: Used on Alpha Pro (6% / 8% / 10%), Alpha Swing (10%) and Alpha Three (6%). The maximum-loss line is fixed from the initial starting balance and does not move up as the account grows.Trailing max drawdown (high-water mark): Used on Alpha One (6%). As new balance highs are made, the trailing drawdown line moves up; once the account reaches a high-water mark... | Trailing (dynamic drawdown calculated from the highest equity reached) |
| Payouts | |||
| Payout Frequency | Payout FrequencyFORFX offers different payout cycles depending on the challenge type.Flash: First payout available after 10 days from funded account activation.Legend: First payout after 30 days, then every 14 days thereafter.PeakScalp: First payout after 30 days, then every 14 days thereafter.Black: First payout after 10 days.Live: Payout terms based on funded account agreement.All models offer a 125% fee refund upon successful completion and first payout from the funded account. | Payout FrequencyAlpha Capital offers two payout schedules for qualified accounts, depending on the payout type selected at checkout:Bi-Weekly: performance-fee requests are available every 14 days (starting 14 days after the initial trade on the qualified account). The first request requires a minimum of 5 trading days using the same trading strategy, and the minimum withdrawal is $100 gross profits.On-Demand: traders can request a payout at any time once they have at least 2% gross profit in the account and meet... | Weekly |
| Days to First Payout | 10 | 14 | 7 |
| Payout Processing Time | Payout ProcessingFORFX processes payout requests typically within 1 to 2 business days once approved. The firm supports cryptocurrency-based payouts as the primary withdrawal method. Refunds are processed within up to 2 business days via email request to [email protected]. | Payout ProcessingPerformance-fee requests are submitted via the Alpha Capital dashboard and are processed and paid within about 2 business days once approved. Traders must close all trades before requesting, and the account remains locked while the balance is reset.Scaling requests (where applicable) are handled separately and are typically completed within 24–48 business hours. | 1 |
| Payout Methods | Crypto | Bank Transfer (WIRE/ACH/SWIFT) Wise Rise (Riseworks) | Bank transfer |
| Payments | |||
| Payment Methods | Credit/Debit Card Crypto Bank Transfer | Credit/Debit Card Crypto PayPal | Credit/debit card Bank transfer |
| Trading Permissions | |||
| News Trading | News trading is allowed on all FORFX challenge types. However, there is a restriction on margin usage during high-impact economic events.All Models:News trading is permitted during both evaluation and funded phases.A maximum 50% margin usage rule applies during high-impact news releases to prevent excessive leverage during volatile periods. | News trading is permitted, but Alpha Capital applies plan-specific rules around certain high-impact announcements on Qualified Analyst accounts.Alpha Pro 8%/10% Qualified: no executing trades (opening or closing, including pending orders, stop-loss or take-profit fills) on targeted instruments within 2 minutes before and 2 minutes after the specified news releases.Alpha Pro 6% / Alpha One / Alpha Three Qualified: the same restriction applies within 5 minutes before and 5 minutes after the specified releases.Alpha Swing: trading during major news is allowed;... | News trading is allowed as long as traders comply with risk and drawdown limits. High-frequency activity around news events is prohibited. |
| Weekend Trades | Weekend holding is allowed across all FORFX challenge types.All Models (Flash, Legend, PeakScalp, Black, Live):Holding trades over the weekend is permitted in both evaluation and funded phases.Standard platform trading hours and gap risk apply. | Weekend holding rules depend on the plan and stage.Alpha Pro: holding trades over the weekend is allowed during the Evaluation phase, but is not allowed on the Qualified Analyst account stage (treated as a soft breach with profits removed).Alpha Swing / Alpha One / Alpha Three: weekend holding is allowed during both the Evaluation phase and on the Qualified Analyst account stage.Swap/rollover charges still apply when positions are held over weekends. | Overnight positions are allowed. Weekend holding depends on the selected plan, with some requiring positions to be closed before market close on Friday. |
| Copy Trading | FORFX does not provide detailed public documentation on copy trading policies. Based on the available information, copy trading between your own accounts may be permitted as long as all risk rules and consistency requirements are met on each individual account. Traders should contact support for specific copy trading guidelines. | Copy trading is allowed but tightly controlled. Alpha Capital permits copy trading only where the trader can provide proof of ownership of the master account (e.g., account number/investor password/server) when requested. Copy trading between two Alpha Capital accounts can also be permitted with both account numbers disclosed.Copy trading is currently supported on MT5 only; copying trades on or from cTrader, DXTrade or TradeLocker is not possible. Only one master account can be connected at a time, and copying other traders or group trading arrangements is prohibited. | There is no formal copy-trading program. Traders are expected to trade their own strategies, and coordinated or mirrored trading is discouraged. |
| EA Allowed | Expert Advisors (EAs) are allowed on most FORFX challenge types with one notable exception.Permitted:Flash: EAs allowed in all phases.Legend: EAs allowed in all phases.Black: EAs allowed in all phases.Live: EAs allowed.Not Permitted:PeakScalp: EAs are NOT allowed on this challenge type.All automated trading must comply with the firm's FLR, consistency, and drawdown rules. | Expert Advisors (EAs) are permitted on MT5 accounts, provided they comply with Alpha Capital’s rules. Traders must enable the EA feature at checkout and contact support for approval; Alpha Capital may request the EA's EX5 file and MQ5 market link for review.EAs are not supported on TradeLocker, DXTrade or cTrader accounts. Automated strategies that attempt to exploit unrealistic fills or use high-frequency/latency-style execution are prohibited. | Expert Advisors and automated strategies are permitted if they comply with the rules. High-frequency trading, scalping, and hedging strategies are not allowed. |
| KYC & Restrictions | |||
| KYC Required | No | Yes | No |
| KYC Stage | FORFX requires KYC verification for funded account activation and payouts. Full identity verification is mandatory when transitioning from evaluation to funded status. Traders should expect to submit standard ID and residency documents before accessing their funded account and profit distributions. | Alpha Capital requires identity verification (KYC) after passing an assessment and before issuing Qualified Analyst account credentials. Traders complete KYC via a third-party provider (Veriff) and must also provide the necessary withdrawal/payment details; qualified credentials are typically issued within a maximum of 2 working days after completing KYC.Payment details may be cross-checked against the verified identity, and third-party payments are not accepted. | KYC and AML verification are required before receiving a funded account and payouts. Traders must submit valid government ID, proof of address, and identity verification. |
| Restricted Countries | Turkey Pakistan Australia USA Japan Canada North Korea Iran Myanmar Russia | Afghanistan Belarus Burundi Central African Republic Chad Cuba Democratic Republic of the Congo Eritrea Iran Iraq Libya Myanmar (Burma) North Korea Regions of Ukraine: Crimea Donetsk and Luhansk Republic of the Congo (Congo Brazzaville) Russia Somalia South Sudan Sudan Syria Venezuela Vietnam Yemen | OFAC-sanctioned countries including Iran North Korea Syria Cuba and other restricted jurisdictions |