Choose Your WFYT Challenge.
The $25,000 challenge
$197
The $50,000 challenge
$297
The $100,000 challenge
$577
The $200,000 challenge
$997
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Frequently Asked Questions
The total profit targets for our challenge are 10% for Step 1 and 5% for Step 2, based on the initial account balance. For instance, if your starting balance is $100,000 and your profit target is 10%, you would need to reach a balance of $110,000, including account equity. This implies that all positions must be closed.
Not necessarily, though we strongly advise utilising Stop Loss and Take Profit orders for efficient risk management.
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.
The outcome varies depending on the specific rule violated. Some breaches may be classified as soft breaches, others as hard breaches leading to account failure. Certain violations could result in a complete ban from our platform and funding services.
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.
No, once you are a funded trader with WFYT, there are no profit requirements. However, you are expected to maintain the same level of risk as per the funding plan.
Slippage refers to the disparity between the expected trade price and the actual execution price. At WFYT, we ensure your trades are filled at the projected price, thereby not passing any slippage on to your execution price.
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.
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.
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.
Absolutely, all funded traders enter a contractual relationship with WFYT. A service agreement is required to be signed by each trader before a funded trading account is assigned.
To embark on your journey as a funded trader, simply select the assessment level that best suits you and undertake the WFYT Audition. This audition will assess your trading skills, profitability and risk management strategies. Upon successful completion of the audition, we’ll provide you with a funded account. It really is that simple.
Copy Trading is not permitted during the evaluation stage if the intention is to pass the evaluation by mirroring another’s trades, whether from your evaluation accounts or from others. Traders found engaging in such practices may face review and potential breach of agreement, leading to the loss of the funded account.
Trades must be held for at least three minutes.
