Scalping
Both firms allow scalping, but they impose different technical barriers:
- Execution Rules: Wall Street Funded requires trades to be open for at least 60 seconds. In contrast, WhitePips allows trades shorter than 120 seconds, but these cannot account for more than 20% of the total profit once funded.
- Platforms: Wall Street Funded provides a broader range of specialized platforms like cTrader and DXTrade, which are often preferred by scalpers for their execution speed. WhitePips is restricted to MetaTrader 5.
- Costs: Wall Street Funded charges a $3 commission per lot on Forex. WhitePips charges $5 per lot on its Edge/Instant plans and $4 on Prime.
- Risk: Wall Street Funded enforces a "Consistency Rule" where the best day cannot exceed 30% of total profit (15% on Instant Pro), which might limit aggressive scalpers.
Swing Trading
The ability to hold positions over time varies significantly due to weekend rules:
- Weekend Holding: Wall Street Funded allows holding over the weekend across its plans. WhitePips prohibits this by default; traders must pay a 20% add-on fee to keep positions open on Friday after 4:45 PM NY time.
- Drawdown Type: Wall Street Funded uses static drawdown for One-Step and Two-Step accounts, but trailing drawdown for Instant accounts. WhitePips uses static drawdown across all plans, which is generally safer for swing traders managing floating positions.
- Inactivity: Both firms will terminate the account after 30 days of inactivity.
News Trading
Traders who capitalize on volatility during macroeconomic events will find very different environments:
- Restrictions: Wall Street Funded strictly prohibits opening or closing positions within a 4-minute window before and after "red folder" news on funded accounts.
- Flexibility: WhitePips allows news trading at every stage. However, it prohibits "straddling" (opening opposite positions on the same or correlated instruments) within 15 minutes of the event.
- Alternative: For WSF traders, the only alternative is to ensure all positions are closed well before the news window to avoid a breach.
Automated Trading (EAs)
Both firms permit the use of Expert Advisors, but with different philosophies regarding bot origin:
- EA Origin: Wall Street Funded allows EAs without specifying origin restrictions, although it warns that VPN/VPS usage is scrutinized. WhitePips only allows EAs that the trader has developed and controls; bought, rented, or subscription-based bots are strictly prohibited.
- Technical Setup: WhitePips prohibits VPNs and proxies to hide location, which may trigger identity checks, though a disclosed VPS for your own EA is permitted.
- Combinations: At WhitePips, the prohibition of bought bots combined with the mandatory weekend add-on makes it difficult for standard commercial "set-and-forget" systems.
Copy Trading
If you plan to mirror trades, these are the conditions:
- Internal vs. External: Wall Street Funded only allows manual copy trading during the evaluation phase between accounts of different sizes. WhitePips allows you to copy your own trades from other firms or brokers, but prohibits using third-party signals or managing other people's accounts.
- Limits: WhitePips requires that the master account belongs to the same trader.
Hedging (Coverage)
- Allowed: WhitePips allows hedging within a single account. However, hedging across different accounts or against other firms is considered a prohibited strategy.
- Prohibited: Wall Street Funded explicitly lists "Hedge trading" and "Group hedging" as prohibited strategies. Traders at WSF must manage risk through stop losses (which are mandatory and must be placed within 2 minutes of opening a trade) rather than opposite positions.
If you trade like this
- The News Trader: Choose WhitePips, as it allows trading during events, whereas Wall Street Funded enforces a restrictive 4-minute blackout window.
- The Budget Scalper: Choose Wall Street Funded, offering lower commissions ($3 vs $4-5) and a more permissive trade duration (60s vs 120s limit).
- The EA User (Commercial): Choose Wall Street Funded, as WhitePips bans any bot that wasn't personally coded by the trader.
- The Swing Trader: Choose Wall Street Funded to avoid paying the extra 20% fee that WhitePips charges for weekend holding.
Frequently asked questions
Which firm is cheaper to start with a small account, Wall Street Funded or WhitePips?
Wall Street Funded is cheaper, offering a 2.5K account for $23 (Ultra 2-step) or $27 (Classic 1-step). WhitePips' cheapest entry for the same 2.5K size is $32 for the Edge 2-Step plan.
Between Wall Street Funded and WhitePips, which one pays out faster?
WhitePips pays out faster, as it allows the first payout on demand as soon as the account is funded (or after the first trade on Instant accounts). Wall Street Funded requires waiting 30 days for the first payout on One-Step accounts and 15 days on Two-Step/Instant accounts.
Does Wall Street Funded or WhitePips have more restrictive rules for EAs?
WhitePips is significantly more restrictive because it only allows EAs developed by the trader themselves, banning all bought or rented bots. Wall Street Funded allows EAs in general, only monitoring them for suspicious behavior or T&C breaches.
Which firm allows news trading with fewer limitations, Wall Street Funded or WhitePips?
WhitePips is less restrictive for news trading because it allows opening and closing positions during high-impact events at all stages. Wall Street Funded prohibits trading within a 4-minute window of "red folder" events on all funded accounts.
