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Frequently Asked Questions
You must trade for a minimum of 5 days on each Step of the challenge, but there is no time limit to complete your challenge.
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.
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.
No, there are no hidden or recurring charges. The only fee is the one-time payment for the WFYT Audition. You won’t be asked to pay any ongoing monthly fees.
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.
The minimum number of trading days is 5 for both Phase 1 and Phase 2 of the evaluation.
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.
As a trader, you will be using the proprietary WFYT platform, which offers live institutional liquidity pricing from our broker, Capital Index.
Trades must be held for at least three minutes.
For the first three payouts of the live funded account, we offer an 80% share of profits made on the funded account. From the fourth payment onwards, the profit share is increased to 85%.
At WFYT, we’ve negotiated favourable spreads with our broker, Capital Index. Importantly, there are no data fees, trading commissions, or slippage costs on trade execution. We aim to provide a transparent and cost-effective trading environment.
You can utilise our trader dashboard, which offers a comprehensive analytics suite and tracks your trading account and all trades placed.
We currently offer our own bespoke platform which is priced using institutional liquidity from our broker, Capital Index.
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.