WFYT’s $1,000,000 Funded Trader Giveaway Event!
Register today and join us live on Facebook & YouTube for your chance to win a funded trading account worth up to $200,000
Embark on an exhilarating journey with WFYT’s captivating giveaway event, where your ambitions are set to soar with our generous prize offerings.
Imagine stepping into a realm of possibility and luxury, tailored just for you. This is your golden opportunity to seize a piece of the action! Experience the pure excitement of our giveaway, free from any gimmicks.
Seize this chance to secure your stake and watch as your potential unfolds into something truly remarkable. In the landscape of fortune, it’s those who dare who reap the rewards.
Join the adventure with WFYT, and get ready to lay claim to your very own profit share account, opening doors to new possibilities and prosperity.
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Frequently Asked Questions
Indeed, the challenge takes place on a demo account. This allows us to evaluate your consistent trading skills without any capital risk. Unlike typical demo accounts, our challenge accounts mirror the performance of live market conditions. However, as this phase is solely for assessment purposes, withdrawal of profits is not permissible.
The minimum number of trading days is 5 for both Phase 1 and Phase 2 of the evaluation.
The trading rules for funded accounts closely mirror those of the evaluation stage. The same risk parameters apply to both the evaluation phase and funded accounts, except for the profit target rule which is removed.
Prohibited strategies include Latency trading, Arbitrage trading, High-Frequency Trading (HFT), and Group hedging/reverse trading. Account management services are also not allowed.
Typically, WFYT offers a leverage ratio of 1:100 under normal market conditions. However, please note that the leverage may adjust according to fluctuations in market volatility.
Trading is possible during the trading times of Capital Index, which currently run from 22:00 Sunday to 21:45 Friday, UK time.
As a WFYT trader, you can trade in the Foreign Exchange (FX) market, Commodities, and Indices.
Indeed, the assessment takes place on a demo account. This allows us to evaluate your consistent trading skills without any capital risk. Unlike typical demo accounts, our evaluation accounts mirror the performance of live market conditions. However, as this phase is solely for assessment purposes, withdrawal of profits is not permissible.
WFYT offers trading opportunities for anyone aged 18 and over. If you demonstrate consistent profitability and disciplined risk management through our WFYT Audition, you can qualify to become a funded trader, leveraging our capital for your trades.
Trades must be held for at least three minutes.
Profit withdrawals are facilitated via bank wire transfers, available twice per month. All trades on the account must be closed when submitting the withdrawal request. Trading may resume once the withdrawal amount has been deducted from the trading account balance.
At WFYT, the daily loss limit is calculated based on the ending equity balance of your account from the previous day. For instance, if your previous day’s closing equity balance was $100,000, the daily loss limit would be activated once your account equity drops to $95,000 within a day. It’s important to note that our daily stop-out level is percentage-based, not fixed, which means as your account grows, so does your daily stop limit. For example, if you grow your account from a $100,000 equity balance to $110,000, the daily stop out level increases from $5,000 to $5,500. Remember, all accounts are subject to the daily loss limit and max trailing drawdown rules in place at the time of purchase; any subsequent rule changes will not apply retroactively.
Copy Trading, particularly from another evaluation account or any other accounts for the purpose of evaluation passing, is also prohibited. Breaching these rules could result in a review and potential agreement violation, leading to the loss of the funded account.
Not necessarily, though we strongly advise utilising Stop Loss and Take Profit orders for efficient risk management.
Step 1 entails a 10% profit target and 5% maximum daily loss and 10% maximum total loss. Step 2 entails a 5% profit target, 5% max daily loss, and 10% max total loss.