Alpha Capital Group, a prop trading firm, has faced criticism from some clients due to account closures. However, trading access for 150 different users was extensively restricted, allegedly due to suspicions of involvement in "group trading" and "account management activities" that violated platform rules.

One CID linked to 300 accounts

Alpha Capital Group acknowledged finding over 300 accounts associated with a single "Computer ID" (a unique serial number for each personal computer and smartphone), implying one individual created hundreds of accounts within Alpha Capital Group.

Alpha Capital Group explained: "Upon further investigation, this device CID may be related to connections to these accounts via MYFXBook, leading our system to flag these accounts and thus resulting in the erroneous violations by the traders."

The company also admitted its goal to complete the investigation this week, contact each banned trader, and restore accounts of those "wrongfully banned." They stated, "All affected accounts will receive an email today and corrections will be made by tomorrow."

Alpha Capital Group's return after turmoil

In mid-February, Alpha Capital Group halted opening accounts for new U.S. clients due to regulatory pressures after MetaQuotes, provider of the widely used MetaTrader platform, suspended licenses and collaborations with most firms in the industry.

However, by late May, the company announced the launch of an independent service called Alpha Futures for U.S. investors and established a brokerage regulated in Seychelles, marking its comeback.