What you are signing up for
A prop firm evaluation is a test where you trade with virtual money to prove you are a disciplined trader. If you pass, the firm gives you access to a funded account where you keep a large part of the profits.
- FundedNext offers accounts from $6,000 to $200,000. For a beginner, their "Stellar Lite" $5,000 account is the cheapest entry point at $32.99. Most accounts include a refund of this fee with your first payout (the first time you withdraw your earnings).
- WhitePips has accounts ranging from $2,500 to $200,000. Their $2,500 "Edge" account starts at $32. However, they only refund the fee on "Prime" accounts, which are more expensive and require you to be in profit for 30 days.
Both firms offer a free trial, which is a demo account used to practice without paying, though only FundedNext's trial is available without a prior identity check.
How hard each one is
The difficulty is measured by the profit target—the percentage of gain you must reach—and the drawdown, which is the maximum loss allowed before you fail.
- FundedNext usually asks for a 10% profit target in 1-step evaluations. Their drawdown is "balance-based," meaning the daily limit is calculated on your starting balance each day. In their "Stellar Instant" plan, they use a "trailing drawdown," a limit that rises as you make profits but never goes back down, making it harder to keep the account.
- WhitePips requires a 7.5% to 10% profit target. Their drawdown is "static," meaning the floor stays at a fixed price level and does not move. However, they have a "Max Exposure" rule: you cannot open trades that exceed a certain total value relative to your balance, which can be confusing for a first-timer.
How long it takes
In the past, firms forced you to trade for months. Now, both firms have no maximum time limit.
- FundedNext requires you to trade for at least 2 to 5 days, depending on the plan. You can pass the test in less than a week if you reach the target.
- WhitePips uses "Profitable Days." To pass, you must have 2 or 3 days where you close your trades with at least a 0.5% gain. Simply reaching the total target is not enough; you must show consistency over several days.
Where beginners fail
Beginners often fail due to technicalities or restricted trading styles.
- Platforms: FundedNext allows you to choose between MetaTrader 4, MetaTrader 5, cTrader, MatchTrader, and TradingView. WhitePips only offers MetaTrader 5, which limits your options if you prefer other interfaces.
- Rules: WhitePips is very strict with "Expert Advisors" (EAs), which are automated trading bots. You can only use ones you built yourself. FundedNext allows EAs if you buy a specific add-on.
- Location: WhitePips prohibits the use of a VPN (a service that hides your internet location). If you log in from a different country or hide your IP, they might freeze your account. FundedNext is more flexible but requires an add-on for VPN use.
What happens if you make it
If you pass the test, you become a funded trader and start earning real money. This is shared through a "profit split," the percentage of gains you keep.
- FundedNext gives you 80% of the profits, which can grow to 95% if you follow their scaling plan (a system that increases your capital as you succeed). They promise to pay you within 24 hours of your request, or they give you an extra $1,000.
- WhitePips starts at 70% or 80%. Their "Prime" accounts even offer a monthly salary of 1% of the account size, but they have a withdrawal limit: you can only take out $2,000 every 7 days.
If it is your first time
FundedNext is the better choice for a beginner.
The main reason is its variety of platforms and the "Brand Promise" of guaranteed payments. For someone just starting, the "Profitable Days" rule and the "Max Exposure" limits at WhitePips add layers of complexity that make it easier to fail by mistake. FundedNext offers a more straightforward path with more tools to choose from.
Frequently asked questions
Which firm is cheaper for a $100,000 evaluation, FundedNext or WhitePips?
For a standard 2-step evaluation of $100,000, FundedNext costs $549.99 for its Stellar plan. WhitePips charges $597 for its Edge 2-Step account of the same size. Therefore, FundedNext is more affordable for traders looking for a six-figure account.
Which firm offers more trading platforms, FundedNext or WhitePips?
FundedNext provides a wide selection, including MetaTrader 4, MetaTrader 5, cTrader, MatchTrader, and TradingView. In contrast, WhitePips only supports MetaTrader 5. If you want to use TradingView or MT4, FundedNext is your only option between the two.
Does FundedNext or WhitePips have a better refund policy?
FundedNext refunds your registration fee with the very first payout on almost all accounts (except Stellar Lite, which requires three payouts). WhitePips only offers refunds on its "Prime" accounts after 30 days of profitable trading; their "Edge" and "Instant" accounts do not offer any refund of the initial fee.
Who allows news trading with fewer restrictions, FundedNext or WhitePips?
WhitePips allows news trading at all stages but prohibits "straddling" (opening opposite positions right before a news event). FundedNext allows it but only counts 40% of the profits made during high-impact news windows toward your balance. Both have limitations, but WhitePips is slightly more flexible as long as you don't hedge your positions.
