How do the challenges work at WSFunded for traders seeking funding?

💡 Answer

WSFunded Challenges & Funding Paths

  • Wall Street RAPID (1 Phase): 10% profit objective, 4% daily drawdown, 6% max drawdown, no maximum time, 80/20 split, inactivity breach after 30 days, SL required within 2 minutes.
  • Wall Street CLASSIC (2 Phases): 8% (Phase 1) and 5% (Phase 2) objectives, 5% daily drawdown, 8% max drawdown, static DD, no maximum time, 80/20 split, inactivity breach after 30 days, SL within 2 minutes.
  • Wall Street ULTRA (2 Phases): 10% (Phase 1) and 5% (Phase 2) objectives, 5% daily drawdown, 10% max drawdown, static DD, no maximum time, 80/20 split, inactivity breach after 30 days, SL within 2 minutes.
  • Instant Standard: No evaluation; 3% daily DD and 6% trailing max DD; 1% max loss per trade idea; 30% consistency score requirement; 4 profitable days (min 0.5% each) before payout requests; leverage profile published per asset class.
  • Instant Pro: No evaluation; 3% daily DD and 5% trailing max DD; 1% max loss per trade idea; 15% consistency score requirement; 4 profitable days (min 0.5% each) before payout requests.
  • Crypto (DXTrade): One Step Crypto (9% target, 6% static max DD + 3% daily cap); Two Steps Crypto (6% then 9% targets, 9% max DD + 3% daily cap).

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WSFunded vs Alpha Capital vs Eightcap Challenges - Prop Firm Comparison (March 2026)

Side-by-side comparison of WSFunded vs Alpha Capital vs Eightcap Challenges. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.

WSFunded vs Alpha Capital vs Eightcap Challenges - Prop Firm Comparison (March 2026)
WSFunded
WSFunded (Wall Street Funded) is a simulated prop trading program operated by WSFmarkets Ltd, offering 1-phase and 2-phase forex/CFD evaluations, instant funding models, and dedicated crypto challenges, with an 80% base profit split (scalable up to 95%), strict anti-HFT rules,...
Alpha Capital
Alpha Capital Group (Alpha Capital) is a UK-based CFD prop firm (founded 2021) that provides simulated-funded "Qualified Analyst" accounts via ACG Markets and lets traders choose between a 1-step (Alpha One), multiple 2-step options (Alpha Pro 6% / 8% /...
Eightcap Challenges
Eightcap Challenges is a broker-backed simulated trading program operated by Eightcap International Ltd (Seychelles) that offers One Phase and Two Phase CFD challenges on mt4, mt5 and tradelocker with balance-based drawdown limits, a 14-day payout cycle, and 80% profit splits...
Overview
Trustpilot Rating 4.3 4.7 4.1
Trustpilot Reviews 2,316 17,698 3,569
Headquarters Saint Lucia United Kingdom Seychelles
Age (Years) N/A N/A 1
Max Funding $400,000 $400,000 $600,000
Profit Split Start 80% 80% 80%
Profit Split Max 95% 80% 90%
Platforms MT5 cTrader Match-Trader DXtrade TradeLocker Platform5 MT5 cTrader DXtrade TradeLocker mt4 mt5 tradelocker
Assets FX Commodities Indices Stocks Crypto FX Metals Indices Oil (Energy) FX Commodities Indices Crypto US Stocks (Day Trader only)
Leverage
FX Leverage 30 100 100
Metals Leverage 10 30 20
Crypto Leverage 1 0 3
Risk & Drawdown Rules
Max Daily Loss Maximum Daily LossDaily loss rules depend on program type. RAPID uses a 4% daily drawdown; CLASSIC and ULTRA use a 5% daily drawdown. Instant Standard and Instant Pro apply a 3% maximum daily drawdown calculated daily (balance/equity check) and reset on the platform’s daily schedule. Crypto programs use a 3% Daily Cap mechanism that can close positions and lock the account for the day if price movement exceeds the cap from the prior day’s equity reference. Maximum Daily LossAlpha Capital Group enforces a plan-specific daily drawdown limit that is measured from defined daily reference points (based on balance or equity, depending on the plan). The daily loss limit is evaluated against the current equity value, and breaches are treated as a hard breach (trades are closed automatically).Alpha Pro 10%: 5% balance-based daily drawdown.Alpha Pro 8%: 4% balance-based daily drawdown.Alpha Pro 6%: 3% daily drawdown calculated over the higher of end-of-day balance or equity.Alpha Swing: 5% balance-based... Maximum Daily DrawdownEightcap Challenges applies a balance-based daily drawdown rule calculated from the previous day’s account balance snapshot (Previous Day Balance × Limit%). Your account’s intraday equity loss must not exceed this daily limit.One Phase: 4% daily drawdown (Assessment and Payout Stages).Two Phase: 5% daily drawdown (Assessment, Qualification and Payout Stages).Day Trader: No daily drawdown; risk is managed via fixed maximum drawdown thresholds tied to the selected timeframe and multiplier.
Max Total Loss Maximum Overall LossWSFunded’s overall loss limits vary by product: RAPID has a 6% maximum drawdown; CLASSIC uses an 8% maximum drawdown; ULTRA uses a 10% maximum drawdown (static models). Instant Standard uses a 6% trailing maximum drawdown, while Instant Pro uses a 5% trailing maximum drawdown. Crypto programs publish static maximum drawdown limits (e.g., 6% on One Step Crypto and 9% on Two Steps Crypto). Maximum Overall LossMaximum total loss is defined by the plan’s maximum drawdown model and is set as a percentage of the initial starting balance. If balance or equity drops below the maximum drawdown threshold, the account is breached and trades are closed automatically.Alpha Pro: static max drawdown of 10% (Pro10) / 8% (Pro8) / 6% (Pro6).Alpha Swing: 10% static max drawdown.Alpha Three: 6% static max drawdown.Alpha One: 6% trailing max drawdown based on the high-water mark (maximum balance achieved). Maximum DrawdownOverall drawdown is enforced as a fixed percentage of the initial balance for standard challenges and as fixed-dollar thresholds for Day Trader Challenges.One Phase: 8% maximum drawdown (Assessment and Payout Stages).Two Phase: 10% maximum drawdown (Assessment, Qualification and Payout Stages).Day Trader: Maximum drawdown is defined in dollars and varies by timeframe and multiplier (DT-1/DT-2/DT-4/DT-8 with 2x/5x/10x options).
Drawdown Type Drawdown ModelRAPID/CLASSIC/ULTRA are built on static drawdown rules. Instant Standard and Instant Pro use trailing drawdown that follows equity highs; after an approved withdrawal, the trailing drawdown is described as locking at the starting balance and does not reset upward due to withdrawals. Crypto programs apply static max drawdown plus a separate daily cap mechanism. Drawdown ModelAlpha Capital Group uses both static and trailing drawdown models depending on the plan:Static max drawdown: Used on Alpha Pro (6% / 8% / 10%), Alpha Swing (10%) and Alpha Three (6%). The maximum-loss line is fixed from the initial starting balance and does not move up as the account grows.Trailing max drawdown (high-water mark): Used on Alpha One (6%). As new balance highs are made, the trailing drawdown line moves up; once the account reaches a high-water mark... Balance-based (Daily from previous-day balance; Max fixed from initial balance)
Payouts
Payout Frequency Payout FrequencyWSFunded payout timing depends on the program. Commonly, the first withdrawal is allowed after an initial waiting period (e.g., 15 days on CLASSIC/ULTRA and Instant models, and 30 days on RAPID), with recurring withdrawals generally available every 10 days thereafter (from account activation / after the first eligibility window), subject to program rules and minimum requirements.Minimum payout: The published minimum payout threshold is $100, and Instant models also specify the minimum withdrawal as the greater of $100 or 1% of the account’s starting balance. Payout FrequencyAlpha Capital offers two payout schedules for qualified accounts, depending on the payout type selected at checkout:Bi-Weekly: performance-fee requests are available every 14 days (starting 14 days after the initial trade on the qualified account). The first request requires a minimum of 5 trading days using the same trading strategy, and the minimum withdrawal is $100 gross profits.On-Demand: traders can request a payout at any time once they have at least 2% gross profit in the account and meet... Payout FrequencyOne Phase & Two Phase: Standard payout eligibility begins 14 days into the Payout Stage (or 7 days with the earlier-payout add-on), provided all payout-stage requirements and KYC are satisfied.Day Trader Challenges: Payout eligibility is immediate upon successful completion of the time-limited challenge.
Days to First Payout 15 14 14
Payout Processing Time Payout ProcessingPayout requests are submitted via the dashboard payout form. During payout processing, the linked trading account may be set to view-only mode until finalized. WSFunded states payouts are handled Monday to Friday between 10:00 and 15:00 CET; actual arrival depends on payout rail/provider availability and any compliance checks. Payout ProcessingPerformance-fee requests are submitted via the Alpha Capital dashboard and are processed and paid within about 2 business days once approved. Traders must close all trades before requesting, and the account remains locked while the balance is reset.Scaling requests (where applicable) are handled separately and are typically completed within 24–48 business hours. Payout ProcessingPayout requests are reviewed by the risk team for rules compliance and KYC (if required). Approved payouts are typically processed within 24–48 hours of an eligible request, but may take longer if additional review is required.
Payout Methods Crypto (USDT USDC ETH BTC) Rise (Bank Transfer Crypto) Bank Transfer (WIRE/ACH/SWIFT) Wise Rise (Riseworks) Crypto International Bank Transfer
Payments
Payment Methods Credit/Debit Card (Visa Mastercard) Crypto Credit/Debit Card Crypto PayPal Credit/Debit Card (Visa Mastercard) Crypto (USDT TRC20 USDT ERC20 BTC)
Trading Permissions
News Trading News trading is allowed during evaluation phases. In funded simulated accounts (including Instant), WSFunded restricts opening new trades and closing existing trades on instruments affected by red-folder macroeconomic events within an 8-minute window (4 minutes before and 4 minutes after); profits obtained during restricted windows may be deducted. News trading is permitted, but Alpha Capital applies plan-specific rules around certain high-impact announcements on Qualified Analyst accounts.Alpha Pro 8%/10% Qualified: no executing trades (opening or closing, including pending orders, stop-loss or take-profit fills) on targeted instruments within 2 minutes before and 2 minutes after the specified news releases.Alpha Pro 6% / Alpha One / Alpha Three Qualified: the same restriction applies within 5 minutes before and 5 minutes after the specified releases.Alpha Swing: trading during major news is allowed;... Trading during major news events is restricted: you cannot place trades within 10 minutes before or after high-impact events (per FXStreet). Trading inside the window is treated as a soft breach that triggers a warning and removal of any profits made from those trades.
Weekend Trades Weekend trading depends on the market/instrument session. Crypto programs follow crypto venue hours (generally 24/7), while CFD markets follow their normal weekly trading sessions and may be affected by weekend closures and gap risk. Weekend holding rules depend on the plan and stage.Alpha Pro: holding trades over the weekend is allowed during the Evaluation phase, but is not allowed on the Qualified Analyst account stage (treated as a soft breach with profits removed).Alpha Swing / Alpha One / Alpha Three: weekend holding is allowed during both the Evaluation phase and on the Qualified Analyst account stage.Swap/rollover charges still apply when positions are held over weekends. Weekend trading is allowed. The platform supports 24/7 trading, including the ability to manage positions over the weekend.
Copy Trading Copy trading is heavily restricted. Manual copying between a trader’s own evaluation accounts is permitted only during the evaluation phase and only when account balances differ. Copying between funded accounts (or between funded and challenge accounts), copying between same-balance accounts, or using external copying tools is prohibited. Copy trading is allowed but tightly controlled. Alpha Capital permits copy trading only where the trader can provide proof of ownership of the master account (e.g., account number/investor password/server) when requested. Copy trading between two Alpha Capital accounts can also be permitted with both account numbers disclosed.Copy trading is currently supported on MT5 only; copying trades on or from cTrader, DXTrade or TradeLocker is not possible. Only one master account can be connected at a time, and copying other traders or group trading arrangements is prohibited. Copy trading or mirroring another person’s trades is prohibited and may result in profit removal or account termination. Copying between your own accounts is allowed only if all accounts are registered under the same email address.
EA Allowed EAs/cBots and indicators are allowed on evaluation programs as long as they follow permitted strategies. EAs/cBots are not allowed on Instant plans (Standard/Pro). Expert Advisors (EAs) are permitted on MT5 accounts, provided they comply with Alpha Capital’s rules. Traders must enable the EA feature at checkout and contact support for approval; Alpha Capital may request the EA's EX5 file and MQ5 market link for review.EAs are not supported on TradeLocker, DXTrade or cTrader accounts. Automated strategies that attempt to exploit unrealistic fills or use high-frequency/latency-style execution are prohibited. Expert Advisors (EAs) and indicators are permitted, but prohibited strategy types (including martingale, grid, tick trading, arbitrage variants, gap trading and account management) are monitored and can trigger violations—especially during the Payout Stage.
KYC & Restrictions
KYC Required Yes Yes No
KYC Stage KYC/identity verification may be required as part of payout/compliance checks (especially when using third-party payout rails such as Rise). Traders should be prepared to provide standard verification documents if requested. Alpha Capital requires identity verification (KYC) after passing an assessment and before issuing Qualified Analyst account credentials. Traders complete KYC via a third-party provider (Veriff) and must also provide the necessary withdrawal/payment details; qualified credentials are typically issued within a maximum of 2 working days after completing KYC.Payment details may be cross-checked against the verified identity, and third-party payments are not accepted. Australia, Saint Lucia, Afghanistan, Central African Republic, Cuba, Democratic People’s Republic of Korea (North Korea), Democratic Republic of the Congo, Guinea-Bissau, Iran, Iraq, Lebanon, Myanmar, Russia (and Crimea, Donetsk, Luhansk and Sevastopol regions of Ukraine), Somalia, Sudan, South Sudan, Syria, Yemen, Zimbabwe, Libya
Restricted Countries United States Singapore Russia United Arab Emirates (UAE) Cuba Sudan Somalia Iran Lebanon Syria North Korea Libya Pakistan Vietnam and any other jurisdiction listed by FATF or subject to international sanctions Afghanistan Belarus Burundi Central African Republic Chad Cuba Democratic Republic of the Congo Eritrea Iran Iraq Libya Myanmar (Burma) North Korea Regions of Ukraine: Crimea Donetsk and Luhansk Republic of the Congo (Congo Brazzaville) Russia Somalia South Sudan Sudan Syria Venezuela Vietnam Yemen Australia Libya Lebanon Pakistan Russia Somalia South Sudan Sudan United States Zimbabwe Afghanistan Central African Republic Cuba Democratic Republic of the Congo Guinea-Bissau Iran Iraq Myanmar North Korea Syria Yemen

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