Alpha Capital Group announced on 17 April 2023 that it had acquired the intellectual property of Traders Central Fund Corp, a retail funded trading challenge provider, framing the deal as a benefit for existing customers. Within weeks of that announcement, Trustpilot reviews began describing a very different experience, accounts deactivated without a promised platform migration, reduced payouts, and sudden closures on the accounts of traders who had built up a balance under the original company.
What Did The Acquisition Promise?
The official press release, distributed through Newsfile Corp and picked up by Yahoo Finance, quoted Alpha Capital Group chief executive George Kohler saying Traders Central Fund customers would see the acquisition as a great opportunity, with the release stating the acquired company had generated multi million dollar revenue over three and a half years under founder Shaun Opoku. No financial terms of the deal were disclosed. The release did not specify whether existing customer accounts would carry over intact or whether the Traders Central Fund brand itself would continue operating.
What Happened After The Acquisition
Customer reviews filed in the weeks around the announcement describe the gap the press release left open being resolved in the company's favour rather than the customer's. One trader reported being paid only 251 dollars in USDT against a materially larger sum owed, with support unresponsive for more than 15 days from late March 2023. Another described withdrawing 709 dollars but receiving only 28 percent of a promised profit share in mid February 2023. A third reported an account holding roughly 2,500 dollars in pending withdrawals being suddenly closed in mid March 2023, with the company citing risky trading despite what the trader described as minimal drawdowns. By June 2023, reviewers reported accounts being deactivated outright without any platform migration, with the company offering discount codes rather than restoring original account access.
A Second Rename Since
The pattern has not fully resolved with time. A March 2025 review on the same Trustpilot page warns that the company behind traderscentralfund.com had changed its name again, this time to Alpha Capital, and describes the operation in blunt terms as a scamming crew. BestForex.io could not independently verify that specific characterisation, but the underlying fact, that the entity behind this domain has now been associated with two separate name changes inside roughly two years, is drawn directly from the same review platform customers are told to trust for feedback.
BestForex.io View
An acquisition announcement that promises existing customers a great opportunity should be judged by what actually happens to their accounts afterward, not by the press release that announced it. Here the record shows accounts closed, payouts reduced, and a name change followed by a second name change, with the company's own customers doing the job of tracking what its corporate communications left vague. Traders who built a balance under the Traders Central Fund name learned the hard way that a funded challenge account is only as durable as the company holding it, and that a change of ownership can be the moment a balance quietly stops being honoured. Anyone with money sitting in an account under any of this entity's names should treat that balance as at risk, not settled.
About Traders Central Fund
Traders Central Fund Corp traded as Traders Central Fund, a retail funded trading challenge provider founded by Shaun Opoku that the company said generated multi million dollar revenue over three and a half years of operation. On 17 April 2023, Alpha Capital Group announced it had acquired the firm's intellectual property, extending its own zero commission trading conditions to the existing customer base. The domain traderscentralfund.com has since carried Trustpilot reviews describing a further rename to Alpha Capital, and the firm discloses no financial regulator throughout any of these changes.
Frequently Asked Questions
Was Traders Central Fund acquired?
Yes. Alpha Capital Group announced on 17 April 2023 that it had acquired the intellectual property of Traders Central Fund Corp, saying existing customers would benefit from the deal. No financial terms were disclosed.
What happened to Traders Central Fund customer accounts after the acquisition?
Trustpilot reviews dated in the weeks around and after the announcement describe reduced payouts, accounts closed over vague risk citations, and by June 2023 accounts deactivated without the platform migration customers say they were promised.