Alpha Capital Markets Review · 2026

What is Alpha Capital Markets?

Alpha Capital Markets was a United Kingdom institutional forex and derivatives business that operated through ACM Group Limited. The company was incorporated in 2004 and historically operated from London. Its model included market making, dealing, brokerage, risk management, and trading services for professional and institutional clients. Companies House records show ACM Group Limited, company number 05196460, was dissolved on 12 July 2022.

The brand changed corporate names several times. Companies House records list Alpha Capital Markets Limited, Alpha Capital Markets Plc, ACM Group Plc, and finally ACM Group Limited. In 2017, Playtech announced the purchase of technology, intellectual property, customer assets, and trading teams from ACM Group. Those assets supported TradeTech Alpha within Playtech's financial division instead of continuing the original broker as a standalone retail operation.

Is Alpha Capital Markets regulated? Verification check

Alpha Capital Markets was formerly authorised by the FCA (UK Financial Conduct Authority) under Firm Reference Number 441689. FCA historical records identify ACM Group Ltd as the authorised firm. Older FCA documents also identify Alpha Capital Markets Plc under the same reference number. The current status in this review is unregulated. The former authorisation is not treated as an active licence for new trading activity.

The distinction between historical and current status affects investor protections. FCA protections apply according to the legal entity, permissions, and status recorded for the relevant period. Companies House now records ACM Group Limited as dissolved. A dissolved company cannot be treated as a current operating broker merely because historical FCA material contains its former authorised details.

Trading platforms

Trading platforms were historically part of the broker's service, but no current live platform was verified in 2026. Archived Alpha Capital Markets documentation identifies MT4 (MetaTrader 4) as its trading platform. MT4 provides order placement, charting, and automated trading through Expert Advisors. No current MetaQuotes server verification was established, so the platform information remains historical rather than operational.

Playtech's 2017 acquisition announcement also described proprietary trading technology and an institutional Alpha Pro platform. That transaction transferred selected technology and customer assets into TradeTech Group. It does not establish that the former broker still offers MT4 or Alpha Pro today. Current MT5 (MetaTrader 5), cTrader, WebTrader, and mobile application access were not verified.

Red flags and warning signs

Red flags here come from corporate and regulatory status, not from an unsupported misconduct claim. The strongest fact is the 2022 dissolution of ACM Group Limited. Current deposits, spreads, leverage, payment methods, and account-opening terms could not be verified from an active brokerage operation. The official Alpha Capital Markets website listed in FCA material was also inaccessible during the current review scan.

• The operating company is dissolved according to Companies House.
• The prior FCA authorisation is historical, not treated as a current licence.
• No current trading accounts or live terms were verified.
• No current MetaTrader server was verified through platform-provider evidence.

These findings describe an inactive corporate and brokerage profile. They do not prove fraud, and this review does not label the former broker a scam.

Minimum deposit

Minimum deposit information is unavailable for a current account because no active account-opening service was verified. An archived corporate application form listed a US$10,000 minimum for a Standard Account. The same form listed US$30,000 for a DMA account. DMA means Direct Market Access and refers to an execution structure designed for more direct access to market liquidity.

The archived form also showed historical leverage, meaning trading with a multiple of deposited margin, at 100:1, 200:1, and 400:1. These ratios were subject to written confirmation. They should not be read as current terms. Current minimum deposits, margin requirements, spreads, commissions, and funding methods remain unverified because the original company is no longer an active broker.

Is the broker on any regulator warning lists?

Regulator warning research requires a careful identity check because an FCA clone warning exists. The FCA published a warning on 15 July 2015 for "Alpha Capital Limited" (source: FCA Warning List, 15 July 2015). It identified that firm as a clone using details connected to the genuine authorised business. The FCA explicitly stated that the clone had no connection with ACM Group Ltd, FRN 441689.

No verified warning was found in the current scan accusing the genuine Alpha Capital Markets or ACM Group Limited of being that clone. The warning should therefore not be repurposed as evidence of misconduct by the authorised firm. Its relevance is identity verification. Similar names and copied regulatory details can mislead users unless the legal entity and reference number are matched.

What do user complaints say?

User complaint data is not strong enough here to support a current complaint pattern. No reliable current user-aggregate rating and review count were verified for the dissolved ACM Group Limited during this scan. Claims about withdrawal delays, account freezes, bonus restrictions, or customer-service failures would therefore be unsupported if presented as established patterns.

The absence of a verified complaint aggregate also does not establish positive service quality. The broker is no longer assessed as an operating retail venue, so current service evidence is limited. Historical reviews also require identity checks. Complaints involving similarly named firms or clone operations should not automatically be attributed to the genuine former FCA-authorised entity.

How to verify the broker for yourself

Verification starts with the legal entity rather than the marketing name. Search the FCA Financial Services Register for FRN 441689 and compare the entity with ACM Group Ltd. Then search Companies House for company number 05196460. The company record should show the historical Alpha Capital Markets names and the dissolution date of 12 July 2022.

1. Match the broker name to the exact legal entity.
2. Match the regulator reference number to the same entity.
3. Confirm whether regulatory permissions are current, cancelled, or historical.
4. Check the company registry for active or dissolved status.
5. Compare website, telephone, and email details with regulator records.

A copied Firm Reference Number alone does not prove that a website or salesperson represents the regulated entity. The FCA's 2015 clone warning demonstrates why these identifiers must be checked together.

Customer support

Customer support is not verifiable as a current service because the broker's operating company is dissolved. Historical FCA material listed a London telephone number and an Alpha Capital Markets website for ACM Group Ltd. The current review did not verify a working support desk, current support hours, supported languages, or an active client portal.

This gap is operational rather than a service-quality judgment. A historical telephone number can remain indexed after a business closes or changes ownership. Current account, withdrawal, or regulatory queries should not rely on archived contact details alone. The details should first be matched against a current regulator or company record.

Where was the broker actually based?

The broker was historically a United Kingdom business with its main trading profile associated with London. FCA material listed a London address for ACM Group Ltd. Companies House later recorded Amelia House in Worthing, West Sussex, as the registered office. A registered office is a legal correspondence address and does not necessarily identify a trading desk.

Playtech described Alpha as a UK-based business-to-business market maker, dealer, and broker in its 2017 acquisition announcement. Around 20 UK staff were expected to join TradeTech Group through that transaction. This supports the historical UK operating profile. It does not establish a current Alpha Capital Markets brokerage presence in London or elsewhere.

Recovery options if you've already deposited

Recovery options depend on the payment date, receiving legal entity, and payment method. They also depend on whether the transaction involved the genuine former firm. ACM Group Limited is dissolved. The FCA clone warning concerns a separate unauthorised entity, so identifying the recipient is the first factual step in any complaint or recovery process.

Possible channels include a payment provider's dispute procedure or a bank card chargeback review. Eligible cases can also involve the Financial Ombudsman Service or civil legal routes. Availability depends on the transaction date and jurisdiction. The FCA states that customers dealing with the unauthorised clone do not receive Financial Ombudsman Service protection through that clone. Financial Services Compensation Scheme protection also does not apply to dealings with that unauthorised clone.

The table separates archived trading terms from current availability. Historical account data comes from older Alpha Capital Markets material. Current corporate status comes from the Companies House and FCA record trail. Current spreads, commissions, withdrawal methods, and account-opening conditions remain unverified.

Should you avoid Alpha Capital Markets?

Alpha Capital Markets is not a current operating broker in the evidence reviewed for 2026. ACM Group Limited is dissolved, and the prior FCA licence under FRN 441689 is treated as historical rather than active. No current account opening, live trading platform, deposit method, spread schedule, or withdrawal process was verified.

The historical record does show a genuine UK-regulated business that used MT4 and served professional and institutional clients. It also shows a separate FCA clone warning that must not be confused with the genuine former firm. For a present-day broker comparison, the decisive fact is the absence of a verified active Alpha Capital Markets brokerage operation offering current trading terms.

Forex and derivative products carry high leverage; some or all invested capital may be lost. This content is for information only, not investment advice. Verify the broker's current regulation status with the relevant authority's official site before any investment decision.