Verdict. WSFunded is a live, well-trafficked simulated-funding provider with a genuine product range, an 80% profit split on every plan and a 4.3 Trustpilot score. It suits European CFD traders who want low profit targets and static drawdown. It does not suit anyone in the United States, because its own footer excludes US residents outright. The biggest caveat: the contract you accept at checkout is written for a different brand, WSFmarkets, and never names WSFunded once.

Key terms, as WSFunded publishes them

• Challenge fee: $23 (Ultra $2,500) to $629 (Rapid $100,000); Wall Street POWER starts at $9.99, balance charged on reaching funded status — wsfunded.com.
• Account sizes: $2,500, $5,000, $10,000, $25,000, $50,000 and $100,000, with headline capital “up to $400,000”.
• Profit split: 80% to the trader, 20% to the firm, on every plan page in the FAQ. No scaling ladder is published.
• Profit targets: Classic 8% then 5%; Ultra 10% then 5%; Elite 6% then 6%; Rapid 10% in one phase; POWER 6% in one phase.
• Maximum drawdown: static in every evaluation plan — 6% (Rapid, Elite, POWER), 8% (Classic), 10% (Ultra). Instant accounts use a 6% trailing drawdown that ratchets to new equity highs.
• Daily loss limit: 5% (Classic, Ultra), 4% (Rapid), 3% (Instant, POWER) and “NO LIMIT” on Elite.
• Payout frequency: first payout at 14, 15 or 30 days depending on plan, then every 10 or every 14 days.
• Minimum trading days: four on evaluation plans; three profitable days at 0.50%+ in the POWER funded stage.

A Wall Street name that cannot serve Wall Street

The brand is Wall Street Funded. The footer on every page says something else: “WSFmarkets Ltd does not offer its services to residents of certain jurisdictions, including but not limited to the United States, Singapore, Russia, the United Arab Emirates (UAE), and any jurisdiction listed by the Financial Action Task Force (FATF).”

A firm trading on the most American metaphor in finance will not take American clients. It also will not take clients in the United Arab Emirates — which is where its own disclosed office sits: “Our offices: WSF Technology FZCO, Building A1, Dubai Digital Park, Dubai, United Arab Emirates.”

WSFunded never claims a US licence. But traders should know before checkout that this is a Spanish-first business: the default language is Spanish, the co-founders are reported to be Andorran, and the legal notice is written against Spain’s Law 34/2002.

The contract names a different company 71 times

The general terms and conditions run to roughly 6,470 words. The Industry Spread counted the brand names in them: “WSFmarkets” 71 times, “WSFunded” zero times, “Wall Street” once, inside the phrase “Wall Street Challenge”.

The terms open by saying they govern “the services offered by WSFmarkets”, “primarily accessible through the website www.WSFmarkets.com”. That website exists and is not a prop firm: WSF Markets is a live retail CFD broker advertising a $50 minimum deposit and leverage to 1:1000.

That matters practically. If an account is closed and the trader wants to argue the rulebook, the rulebook they accepted describes a broker’s services at a different domain — and its refund clause points to support@WSFmarkets.com.

Six plans on sale, two parameter sets in the contract

The terms describe exactly two products. Two-phase plans carry a 5% daily loss limit and 10% cumulative loss, with an 8% target in phase one and 5% in phase two. Single-phase plans carry 4% daily and 6% total, with a 10% target.

The website sells more, and the numbers do not line up. Classic is a two-phase plan with an 8% static maximum loss, not 10%. Elite is a two-phase plan whose FAQ states the daily drawdown is “NO LIMIT” — against a contract imposing 5% daily on two-phase plans. Both Instant tiers run trailing drawdown, which the evaluation clause never mentions. Only Ultra and Rapid match cleanly.

Elite traders are relying on a marketing page to override a signed agreement — a gap that surfaces only when an account is breached and the firm reaches for the document the trader actually accepted, as in our BloomFunded review.

Payouts: the cadence changes with the page

The payout promise is prominent and it is inconsistent. On the homepage, co-founder Albert Suriol is quoted directly: “There are too many prop firms with impossible rules and slow payouts. At WSF, we do the opposite: access to capital up to $400,000, clear rules from day one, and payouts every 10 days.”

The plan cards on the same page say “Withdrawal time 15/10 days”, “30/10 days” and “30/15 days”. The FAQ says Classic, Ultra and Instant pay first at 15 days then every 10; Rapid and Elite first at 30 days then every 10; Wall Street POWER first at 14 days then every 14. The firm’s own blog says “first payments after 15 days, followed by recurring payments every 7 days”.

That is four recurring cadences — 7, 10, 14 and 15 days — published simultaneously by one firm. The founder’s 10-day figure holds for some plans and not for POWER.

What could not be verified. WSFunded publishes no audited payout data, no total-payout figure and no payout-ratio disclosure. Its Trustpilot profile, claimed in November 2023, shows 4.3 out of 5 from 4,730 reviews, but Trustpilot flags that the company invites reviews, which inflates volume and skews scores upward. We found no enforcement action or regulator warning naming any of the three entities; absence of a warning is not clearance. The “over 100,000 active traders” claim could not be independently verified.

The rules that actually end accounts

The drawdown numbers are not where most traders fail here. The discretionary rules are.

Every trade must carry a stop loss within two minutes of opening. Miss it and the FAQ says the first softbreach “results in the cancellation of the payout and the account”. No more than 50% of the daily drawdown may sit on one “trading idea”, and split positions in the same instrument and direction are aggregated — including a re-entry within 30 minutes.

Funded accounts cannot trade high-impact news inside a four-minute window either side of the release, and stops and targets must be set when the trade opens. Copy trading is banned on funded accounts and between accounts of the same balance. A VPN or VPS during KYC can mean the account “may not receive funding”.

The refund position is the sharpest contradiction on the site. A banner offers “30% OFF + 200% Refund”, beside two further codes and a countdown frozen at 00:00:00. The terms say “no refunds will be issued” once credentials are sent, and separately that “the Company does not offer refunds for purchased services”. The fee returns only with the first withdrawal after phase two. Traders who dispute a charge with their bank “will be permanently suspended”.

One product is geo-blocked from the founders’ own region: Wall Street POWER is “not available to users located in Spain and Andorra”, and using a VPN to evade that voids the account without refund.

How the rules compare

Two-phase plan	WSFunded Classic	FTMO 2-Step	FundedNext Stellar 2-Step
Phase 1 target	8%	10%	8%
Phase 2 target	5%	5%	5%
Max daily loss	5%	5%	5%
Max overall loss	8% static	10% static	10% static
Min trading days	4	4	5
Profit split	80%	up to 90%	80%, up to 95% with add-on

Sources: WSFunded FAQ; FTMO trading objectives; FundedNext CFD objectives. WSFunded’s 8% ceiling on Classic is tighter than both, and its 80% split is a floor, not a ladder.

Regulatory posture

Three entities appear across the site. WSFmarkets Ltd is incorporated in Saint Lucia at Rodney Court Building, Rodney Bay, Gros Islet — registration number 2025-001173 in the legal notice and 2025-00117 in the footer, which do not match. WSF Technology FZCO operates from Dubai Silicon Oasis under Licence No. 47001. RENATICA LTD. of Limassol, Cyprus, is the “Cyprus office” handling “payment operations related activities”.

None is a regulated investment firm, and WSFunded says so plainly, which is to its credit. WSF Technology FZCO “is not a broker, is not an investment manager, and does not act as a regulated financial entity” under MiFID II, ESMA, the SEC, the CFTC, the DFSA “or any other international regulatory authority”, and all activity is “strictly simulated, involving no real capital”. The FAQ names the broker behind MT5, cTrader and MatchTrader as “WSF” — the group itself, and one withdrawal route sends profits “to an account at WSF Markets” rather than the trader’s wallet. Offshore incorporation is the sector norm, as our Clarity Traders review and Leveraged prop firm review set out.

FAQ

Is WSFunded available to US traders?
No. The footer on every page states that WSFmarkets Ltd does not offer services to residents of the United States, alongside Singapore, Russia, the UAE and FATF-listed jurisdictions. Despite the Wall Street branding, the firm is European-facing and Spanish-first. Anyone in the US should treat the brand name as marketing, not as a signal of US access or US oversight.

What profit split does WSFunded pay?
Every published plan page states 80% to the trader and 20% to the firm. Unlike several competitors, WSFunded does not publish a scaling ladder that raises the split over time, and it does not advertise a 90% or 95% tier. The figure is consistent across the homepage cards and the FAQ, which is more than can be said for its payout schedule.

How often does WSFunded pay out?
It depends which page you read. The founder’s homepage quote says every 10 days. The FAQ says every 10 days on most plans but every 14 on Wall Street POWER, with first payouts at 14, 15 or 30 days. The company blog says every 7 days. Verify the cadence for your specific plan in writing before paying.

Is the drawdown trailing or static?
Both, depending on the plan. All five evaluation products use a static maximum drawdown measured from the starting balance — 6%, 8% or 10%. Instant funding accounts use a 6% trailing drawdown that follows the account’s highest equity and never moves back down, so profits permanently raise the level the account must hold.

Can a WSFunded challenge fee be refunded?
The terms say no refunds are issued once platform credentials have been sent, and separately that the company does not refund purchased services. The fee is returned with the first withdrawal after phase two is passed. The “200% Refund” promotion sits on the same site as those clauses, so read the promotion’s own conditions before relying on it.

This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.