Trading Challenges2024-04-25T15:51:03+00:00

Choose Your WFYT Challenge.

Customer Reviews

A few words from our traders

Find out what our traders have to say about We Fund Your Trade.

Trading with WFYT has been an absolute pleasure. Their team of skilled professionals is not only knowledgeable in their field but also dedicated to providing top-notch service and support. They took the time to understand my unique needs in trading, took me through their trading platform which was so simple to use, the platform tools, analysis of economic data etc. I cannot recommend WFYT highly enough for any person seeking to be funded and trade the rest of his life. Highly innovative and exceptional customer care.

Alfred K

I purchased my challenge a few weeks ago. Mohamed helped me with the platform and understanding how to use it and how to utilize all the tools and data that’s offered.

Their platform is very easy to use after a few days of getting used to it. I like their support team as they are quick and efficient to respond to my queries. thank you We Fund You Trade

Fouad K

I was looking for a way to get started in trading, but I didn’t have the capital to fund my own account. I found We Fund Your Trade and was impressed with the level of support they offer. I was matched with a trader, Mohammed, who had a proven track record of success. He helped me to develop a trading plan and provided me with ongoing support. I’m now making consistent profits and I’m very happy with the service I received from We Fund Your Trade.

Mohammed was a great help to me when I was starting out in trading. He was patient and knowledgeable, and he took the time to explain everything to me in a way that I could understand. He also provided me with ongoing support, which was really helpful. I’m now making consistent profits and I’m very grateful for the help that Mohammed gave me.

Wael

Great experience so far. The back office team are always available to help when I’ve needed, the platform seems to be very user friendly and everything is running smoothly. Great team.

Matt B

Frequently Asked Questions

Is the challenge carried out on a demo account?2023-08-24T13:19:57+00:00

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.

What is the maximum total loss allowed?2023-08-24T13:19:57+00:00

The maximum loss is 10% of the initial starting balance. For example, for a $100k evaluation, the maximum loss is $10,000. This rule is violated if the account balance or equity drops to $90,000 or lower at any time.

What trading strategies can I employ?2023-12-19T15:37:06+00:00

WFYT places no restrictions on your trading strategy as long as you don’t use EA’s or connect via multiple devices or IP addresses.

Is there a consistency rule?2023-11-09T13:10:09+00:00

Consistency Rule: To ensure our traders utilise a strategy that is able to be scaled successfully in the live market there must be consistency with the trade sizes used during each stage. The smallest executed trade must be at least 35% of the notional trade size of the largest trade per stage.

When are the trading hours?2023-08-24T13:20:01+00:00

Trading is possible during the trading times of Capital Index, which currently run from 22:00 Sunday to 21:45 Friday, UK time.

What is the maximum capital allocation?2023-12-15T16:44:19+00:00

The maximum capital allocation is $600,000, spread across a maximum of three accounts.

How does the Challenge Fee Refund work?2023-08-24T13:19:57+00:00

At WFYT, we value your success and demonstrate this by refunding your challenge fees. This refund is processed once you make your first profit withdrawal from your live funded account.

Can I use Copy Trading during the evaluation process?2023-09-14T15:33:05+00:00

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.

How is the daily loss limit determined?2023-12-15T16:44:21+00:00

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.

How should I manage tax obligations on my trading profits?2023-12-15T16:44:21+00:00

The responsibility for meeting all relevant tax obligations in your country or region lies with you. It’s essential to keep track of and comply with your local tax laws regarding trading profits.

Is Copy Trading permitted?2023-09-14T15:22:04+00:00

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.

Which trading platforms are available to me?2023-08-24T13:20:01+00:00

We currently offer our own bespoke platform which is priced using institutional liquidity from our broker, Capital Index.

What happens if a rule is broken on a funded account?2023-08-24T13:19:57+00:00

The outcome depends on the specific rule broken. For instance, accounts found using a prohibited strategy can result in funded account termination & potential ban from our services and funding. Breaching the max daily loss rule can lead to a funded account closure.

How do I withdraw profits once funded?2023-08-24T13:19:57+00:00

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.

What level of leverage is offered?2023-08-24T13:19:57+00:00

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.