CFD questions

A proprietary trading firm backs traders with its own capital instead of asking them to risk their own. At WhitePips you buy a one time evaluation, trade a simulated account to a published profit target without breaching its loss limits, and are then funded — after which you keep the large majority of the profit you make. Every account is simulated on a demo environment: the payouts are real money, but no capital of yours is ever at market risk.

No. A contract for difference settles the difference in price between opening and closing a position. You never take delivery of the currency, the metal, the barrel or the coin, and there is no wallet, custody or transfer at any point.

No. Every WhitePips account, evaluation and funded, runs on a simulated demo environment against live market prices. No capital of yours is ever placed at market risk. What you pay is the one-time fee. On Prime it is refunded in full once the account is funded and in profit after 30 days.

No. The Max Loss ends the account before that is possible, and the account is simulated in any case. There is no negative balance, no margin call to fund and nothing to repay.

Edge is the evaluation route: pass Edge 1 Step or Edge 2 Step and trade funded at an 80% split, up to 95% as you scale. Instant skips the evaluation: you are funded the moment you buy, at 75% (up to 90% as you scale) with weekly payouts, or at 70% (up to 85%) with bi-weekly payouts on Instant Go, which costs less. Prime is an evaluation with a salary: once funded, the account earns 1% of its size a month and, after 30 days, a 100% split.

There are three programs. Edge is the evaluation route: Edge 1 Step has a single 10% target, Edge 2 Step splits it into 7.5% then 5%, and both pay 80% once funded, up to 95% as you scale. Instant skips the evaluation and funds you at purchase: Instant Pro at 75% (up to 90% as you scale) with weekly payouts, or Instant Go for less at 70% (up to 85%) with bi-weekly payouts. Prime is the evaluation with a salary: 1% of the account a month once funded, and a 100% split after 30 days.

How the profit target is split. A one step plan has a single target and you are funded when you reach it. A two step plan splits the journey across two phases with a smaller target in each, at a lower entry price. Neither has a time limit.

No. Evaluations have unlimited trading days and a funded account has no expiry. Max Trading Days: the figure on each plan

On the CFD line, account sizes run from $2.5K to $200K. The futures line runs from $25K to $150K. One trader may hold up to $1.5M across all accounts. Buy more than one and the bundle discount applies to the whole basket: up to 25% off, with up to five accounts in one order.

Yes, up to five in one order, and the bundle discount applies to the whole order rather than to the extra accounts only: 10% off at two, 15% at three, 20% at four and 25% at five, the most one order can hold. One trader may hold up to $1.5M across all accounts.

Yes. The two lines are separate products with separate rules and you may hold accounts on both. The $1.5M allocation ceiling is what applies across everything one trader holds.

A hard breach ends the account at once: trading is switched off and the account's profit is void. On CFD accounts these rules can do that: Max Daily Loss, Max Loss, Max Loss Type. Max. Exposure, Strikes, Max Floating Loss per Symbol, News Trading, Prime Consistency Rule, Quarterly Profit Target, Max Floating Loss per Trade lead to a warning or a review by the risk desk first. HFT (scalping) and Profit Concentration never end an account: while either is over its limit, payouts on that account are paused, and they open again by themselves once the share comes back down. You get an email for every breach and warning. Every rule, explained

Yes, three ways. A Challenge Reset is the voluntary one on a live evaluation: you buy the same plan and size again as a brand-new account, with 20% off today’s price (or more with a discount code you enter), whenever the account has no open positions, in profit or in loss. Nothing carries over: a fresh balance, fresh rules, a clean record. Only a reset that a first warning requires is free, and that one keeps the warning. A free trial has no reset. A Challenge Restart is the paid way back after an evaluation breach: the same plan and size, from Phase 1. A Funded Restart is the paid way back after a funded breach: Edge and Prime go back through their evaluation, and Instant comes back funded at its starting balance. A restart is offered for 7 days after the breach, and nothing is reset while a compliance review is open. Separately, a funded account that is not breached can buy a Funded Reset once it is within 10% of its Max Loss.

Your share of the profit on a funded account, rising as you scale: 80% up to 95% on Edge, 75% up to 90% on Instant Pro, 70% up to 85% on Instant Go, and on Prime 80% for the first 30 days funded, then 100%. Every 90-day scaling cycle you complete adds 5% to the split, up to the plan's ceiling. A cycle is complete when, over 90 days, you make 12% net profit on 1 Step (10% on 2 Step, 15% on Instant), close at least 50 trades, have 2 of 3 profitable months (all 3 on Instant), no single trade makes more than 7.5% of the profit (5% on Instant), and no rule warning is raised. Each cycle also grows the account by 30%. Prime's split does not rise with scaling. On Instant, each Max Floating Loss per Symbol strike cuts the next payout cycle to a 10% split. Profit Split: the figure on each plan

Your first payout can be requested on demand, as soon as the account qualifies: once funded (or after your first trade on Instant) with the plan's profitable days done. After that, one request every 7 days, or every 14 days on Instant Go. Payout Cycle: the figure on each plan

By bank transfer or in crypto (USDT, USDC, BTC or ETH, with the network narrowed per coin). Store credit is available as a destination instead. Every request gets an automatic receipt confirming it has been received.

In your dashboard, open the account and its Payout history tab (app.whitepips.com/#payout-history). It lists every payout that account has requested, newest first: the amount asked for and the amount paid, the status, where it went (the method and the last characters of the destination), the day it was requested and the day it was paid, and the proof of payment once there is one. Three tiles above the list show what has been paid out, what is awaiting payment and the last payout. Every request also gets an automatic receipt confirming it has been received, and every payout paid comes with a certificate whose verification code opens on whitepips.com. No time is promised for a payout to arrive. Payout Policy, sections 8 and 9

Because WhitePips does not control when a payout arrives. The Payout Policy, section 10.4, names what decides it: banks and their cut-off times, weekends and public holidays in every country involved, blockchain network conditions, and compliance checks by us, our providers and your bank. What is published instead is when you may ask: each plan's payout cycle, printed on its plan page. Every request gets an automatic receipt confirming it has been received, and it is paid by the method on file for your account.

The Payout Policy says when that can happen and what you are told. A request can be paid in full, paid in part with the reason given, held while more information is obtained, or refused with the reason given (section 9.3). A payout can also be held while a suspected breach, fraud, chargeback, sanctions or identity question is looked into, and you are told it is on hold unless the law prevents it (section 17). On a CFD account, no payout can be requested while a recoverable rule is over its limit; payouts on that account open again by themselves once it is back inside (section 7.4).

On a funded Prime account, each 7 days your trade count and your volume per instrument must stay within ±25% of your averages from the evaluation and your first 30 funded days. The other CFD plans have no consistency rule. Prime Consistency Rule: the figure on each plan

CFDs run on MetaTrader 5, so your charts, indicators and expert advisors carry over on web, desktop, iPhone and Android. Futures run on Volumetrica, which is built around order flow, volume profile and the live tape rather than retail charting, with its market data arriving over a dxFeed connection. The platform comes with the account, and every new futures account includes 30 days of market data; after that it is $35 for 30 days, paid from your dashboard.

Three product lines: CFD evaluations, Instant CFD accounts with no evaluation, and futures. CFDs cover forex, indices, commodities and crypto, with the leverage published per plan: 1:100 on Edge 1 Step, Edge 2 Step and Prime 2 Step, 1:50 on Prime 1 Step, 1:33 on Instant Pro and 1:25 on Instant Go. Futures run alongside them under their own rules, with position caps stated in minis and micros. You can hold accounts on all three at once.

The most the platform lets you open against your margin: 1:100 on Edge 1 Step and Edge 2 Step and Prime 2 Step, 1:33 on Instant Pro, 1:25 on Instant Go and 1:50 on Prime 1 Step. It is the same in the evaluation and once funded. It is a ceiling, not a target; Max. Exposure is what sizes your positions in practice. Leverage: the figure on each plan

Yes, on every CFD plan, as long as the expert advisor is genuinely yours: one you developed, own and control, can explain, and can show running. Pre-purchased, rented, subscription or mass-market “plug-and-play” bots are not allowed on any plan, however they trade. You stay responsible for every trade it places, and it may not be used for high-frequency trading or to exploit prices, latency or feed errors. Expert Advisors: the figure on each plan

Yes on the CFD line, for your own: expert advisors you developed, own and control, trade copiers that copy your own trading (between your accounts, or from a master account that is genuinely yours, even at another broker), and overnight holding are permitted on every plan. Bought or mass-market bots, signal services, shared masters, account managers and challenge-passing services are not allowed on any plan. Weekend holding is an add-on on every CFD plan, chosen when you buy the account. Each is listed on the plan for both the evaluation and the funded phase.

Yes, within a limit, and the limit applies only once your account is funded: it is not checked during the evaluation, in either phase. Instant is funded from day one, so it applies there from the start. On a funded account a trade held under 120 seconds counts as a scalp, and from 10 closed trades, scalps may carry at most 20% of your profit. There is no limit on how many of your trades are scalps. HFT (scalping): the figure on each plan

Yes, on every CFD plan and at every stage: there is no restricted window around a release. One practice is not allowed: straddling, which is opening positions in both directions (or offsetting, hedged positions) on the same or a correlated instrument within 15 minutes either side of a Red or Amber (high or medium impact) release, a company earnings release or major geopolitical news, to catch the spike whichever way it goes. A position taken on a genuine view of the market, before or after a release, is fine. The system detects straddles and shows them on your payout request; the risk desk decides. News Trading: the figure on each plan

The combined size of all your open positions as a share of the balance, tiered by account size: 5,000% on $2,500 down to 1,000% on $200,000. On a $50,000 account at 2,000% your open positions may total $1,000,000, which is ten standard lots of EUR/USD. Going over it is a strike rather than a breach.

Static, on every CFD plan: the Max Loss floor is fixed below your starting balance and never moves, up or down. Max Loss Type: the figure on each plan

Accounts start at $32, and the price is set by the plan and the account size: from $32 on the smallest Edge 2 Step to $3,278 for a $100K CFD Instant Pro account, which has no evaluation. On the futures line prices start at $81. It is a one time fee, not a subscription. Futures accounts include 30 days of market data; after that it is $35 for 30 days. Every price is printed on the plan before you buy.

A commission the platform charges on every trade, in USD. On Edge and Instant: Forex $5, metals $6, energies $6 per lot, round turn; indices and stocks free; crypto 0.06% of the trade value. On Prime: Forex $4, metals $5, energies $6 per lot, round turn; indices and stocks free; crypto 0.045% of the trade value. It is the same in the evaluation and once funded, and it is part of each trade's result, so it counts toward your profit target and your loss limits like any other cost. Commission: the figure on each plan

The fee on the plan is the account fee. Add ons you choose, and the payment provider's transaction fee, are charged on top of it. You will see the total before you confirm, and the bundle discount is applied to the basket rather than to one account.

Most countries, but not all. The restricted jurisdictions are listed in full in the footer and on the restricted jurisdictions page, and they include territories under comprehensive sanctions and those identified by the FATF as high risk.