WeGetFunded has emerged as a notable player in the prop trading industry, offering aspiring traders a unique opportunity to access substantial capital and develop their skills in the financial markets.
Founded by a team of over 80 experienced traders, WeGetFunded aims to provide a platform where traders can showcase their abilities and potentially manage accounts of up to $400,000. The firm stands out for its innovative approach to prop trading, featuring customizable profit-sharing options, a comprehensive scaling plan, and a wide range of tradable assets.
With its user-friendly cTrader platform and commitment to trader success, It has positioned itself as an attractive option for both beginners and experienced traders looking to utilize institutional capital.
This article will explore the key features, challenges, and overall value proposition of WeGetFunded, providing a comprehensive overview of this rising star in the prop trading market.
🔗 WeGetFunded Key Features
| Feature | Details |
|---|---|
| Company Name | WeGetFunded |
| CEO | Valentine Pinault |
| Headquarters | Dubai |
| Founded | 2023 |
| Trading Platform | cTrader |
| Max Account Size | $400,000 |
| Profit Split | 80/20 (default) or 90/10 (optional) |
| Max Trading Days | Unlimited (no time limit on challenges) |
| Tradable Assets | Forex, Stock indices, Cryptocurrencies, Stocks, Bonds |
| Leverage | Up to 1:100 |
| Minimum Challenge Cost | From $79 |
| Challenge Refund Policy | Full refund on first withdrawal after passing |
| Scaling Plan | 25% increase every quarter based on performance |
| Maximum Scaling Potential | Up to $4 million |
| Withdrawal Options | Bank transfers and cryptocurrencies |
| Mobile App Availability | Yes (iOS and Android) |
| Customer Support | Responsive support team, active Discord community |
- Customizable Profit Sharing
The standout feature is its flexible profit-sharing model. Traders can choose between:
- Scaling Plan
Offers a scaling plan that can significantly increase a trader's account balance:
- Wide Range of Tradable Assets
The Traders have access to a diverse array of financial instruments:
- Advanced Trading Platform
Utilizes the cTrader platform, known for its:
WeGetFunded Evaluation Process
Offers two main challenge options for traders to prove their skills and gain access to funded accounts:
| Feature | WGF Classic Challenge | WGF Unlimited Challenge |
|---|---|---|
Stages | 2 (Challenge + Verification) | 1 |
Initial Balance | $100,000 (practice account) | $100,000 (practice account) |
Profit Target | Stage 1: 8%, Stage 2: 5% | 10% |
Daily Loss Limit | 5% | 4% |
Maximum Loss | 12% | 6% |
Time Limit | Set time frame | Unlimited |
Both challenges are designed to assess a trader's ability to generate consistent profits while managing risk effectively. The Classic Challenge offers a more structured approach, while the Unlimited Challenge provides flexibility in terms of time frame.
Advantages of Trading with WeGetFunded
Offers leverage up to 1:100, allowing traders to take larger positions and potentially increase their profits. However, it's crucial to note that higher leverage also comes with increased risk.
WeGetFunded encourages traders to develop their unique trading styles without imposing strict limitations on strategies or position sizes.
It provides access to future quotes, enabling traders to make more informed decisions based on accurate price assessments and effective risk management.
WeGetFunded enables Traders to withdraw their earnings promptly via bank transfer or cryptocurrencies, with robust security protocols in place to ensure the safety of transactions.
If a trader successfully passes the challenge, WeGetFunded refunds the cost of the challenge on the first withdrawal. This policy aligns the company's interests with those of successful traders.
WeGetFunded | Challenge Structure
WeGetFunded offers a structured path for traders to access significant capital through its challenge program. The platform provides two main options: Classic and Unlimited challenges, with account sizes ranging from $10,000 to $200,000.
The Classic challenge consists of two steps: the WGF Challenge and Verification, both with unlimited trading periods. Traders must adhere to strict risk management rules, including a daily maximum loss of $5000 and an overall maximum loss of $12000.
The profit goals are set at $8000 for Step 1 and $5000 for Step 2. Upon successful completion, traders become WGF Trader Funded with a $200,000 account. The platform also offers additional options such as a 90/10 profit split, insurance, and light news trading, which can be selected to customize the trading experience, albeit at an increased cost totaling $499.00 for the displayed configuration.
WeGetFunded Vs. Other Prop Firms
| Features | WeGetFunded | FTMO | MyForexFunds |
|---|---|---|---|
Max Account Size | $400,000 | $400,000 | $200,000 |
Profit Split | 80/90% | 70/80% | 75/85% |
Challenge Cost | From $79 | From $155 | From $99 |
Scaling Plan | Yes | Yes | Limited |
Leverage | Up to 1:100 | Up to 1:100 | Up to 1:100 |
Refund Policy | Yes | Partial | No |
While each firm has its strengths, WeGetFunded stands out for its high-profit split options and comprehensive scaling plan.
🔗 Tips for Success on WeGetFunded
To maximize your chances of success on the WeGetFunded platform:
Frequently Asked Questions
How does The WeGetFunded Challenge work?
Offers two main challenges: Classic and Unlimited. Traders must meet profit targets and adhere to risk management rules to become funded prop traders.
What assets can I Trade with WeGetFunded?
WeGetFunded prop traders can trade a wide range of assets, including forex, stock indices, cryptocurrencies, stocks, and bonds.
What is The Maximum Account Size offered by WeGetFunded?
Offers a maximum account size of $400,000, with the potential to scale up to $4 million based on performance.
How does WeGetFunded's Profit-Sharing model work?
Offers a unique customizable profit-sharing model, with options for 80/20 or 90/10 splits, allowing prop traders to keep up to 90% of their profits.
Does WeGetFunded Offer a Scaling plan?
Yes, WeGetFunded provides a scaling plan that increases a trader's account balance by 25% every quarter based on performance, up to a maximum of $4 million.
What Trading platform does WeGetFunded use?
WeGetFunded utilizes the cTrader platform, known for its user-friendly interface, advanced charting tools, and fast order execution for prop traders.
How often will WeGetFunded pay me?
In the valuation model, you will receive the first profit share after four weeks of trading (monthly); from the second payment onwards, you will receive profit shares every two weeks of trading (14 days). You can simply request a payment withdrawal from your customer dashboard.
🔗 Conclusion
WeGetFunded offers a compelling proposition for traders looking to access significant capital and develop their skills in a supportive environment. The platform's customizable profit-sharing, scaling plan, and diverse asset offerings set it apart in the competitive prop trading market.
While the challenging costs and strict rules may be deterrents for some, the potential rewards and growth opportunities make WeGetFunded an attractive option for dedicated traders. As with any trading venture, success on the platform requires discipline, skill, and a thorough understanding of the markets.
Aspiring prop traders should carefully consider their goals, risk tolerance, and trading style when evaluating WeGetFunded as a potential partner in their trading journey. By taking advantage of the platform's features and adhering to sound trading principles, traders can open up considerable opportunities for growth and profitability in the lively world of financial markets.
