Alpha Capital Bans 150 Traders

Alpha Capital Group rcently made the decision to ban 150 traders. The firm stated on social media that it had discovered more than 300 accounts connected to a single “Computer ID,” which is a distinct serial number for every smartphone and personal computer. This indicates that several hundred accounts were opened by a single person within Alpha Capital Group. The firm admits that some accounts might have been unfairly banned.

The prop trading firm also stated that it plans to complete the probe this week, contact all prohibited traders, and restore the accounts of those who were “banned incorrectly.”

Alpha Capital Group said, “Upon further investigation, this device CID may be linked to MYFXBook connecting to those accounts, and unfortunately led to our system flagging these accounts which then led to incorrect breaches for the traders involved,”

About Alpha Capital

Alpha Capital is an unregulated financial institution based in Karachi, Pakistan, offering a range of services tailored to Sharia-conscious clients, including Roshan Digital Account (RDA) customers. Their services encompass Shariah-compliant Equity Brokerage and Equity Research, with a dedicated trading platform for Shariah-compliant stocks. They provide access to a professional customer services desk and an Online Equity Trading Platform, serving various client types, from institutional clients to retail investors.

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