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Overview of WeFundTraders Forex Prop Firm

TheTrustedProp
Date: May 10, 2024

In the world of forex trading, finding the right opportunity to amplify your profits can be a daunting task. With so many options available, it's crucial to choose a platform that aligns with your goals and trading style. One such platform that has been making waves in the trading community is "Wefundtraders." In this article, we will provide you with a comprehensive overview of Wefundtraders, covering key details, challenges, and why it might be the right choice for you.

Company Details

  • Name: Wefundtraders
  • Legal Name: We Fund Traders LTD.
  • CEO: UNDISCLOSED
  • Started in: 2021
  • Registered in: London, UK

Wefundtraders is a UK-based global prop trading firm that aims to help traders worldwide earn better profits by leveraging their trading skills. The company was founded in 2021 and is registered in London under the legal name "We Fund Traders LTD." While the CEO's identity remains undisclosed, the company has quickly gained a reputation for its transparent and straightforward approach to funded trading.

Challenge Details

Wefundtraders offers a unique two-step evaluation process for traders who want to become funded traders:

Step 1: WeFundTrader's Audition

In this initial step, traders are encouraged to choose their tier and take the WeFundTrader Audition. The beauty of this audition process is its flexibility. Traders can use their preferred trading style without any restrictions on instruments or mandatory trading days. This approach allows traders to showcase their skills without unnecessary constraints.

Evaluation Process

Step 2: Become a Funded Trader

Once you successfully pass the audition, you become a funded trader with Wefundtraders. This is where your trading journey truly begins. As a funded trader, you can utilize your trading discipline with the firm's capital and start earning real money. What's even more enticing is that you get to keep up to 90% of your profits.

Your Share of Gains:

  • Gains Target: 10%
  • Daily Loss Limit: 5%
  • Max Trailing Drawdown: 6%

Account Sizes:

  • $25,000
  • $50,000
  • $100,000
  • $250,000
  • $500,000

Other Details

Open a Funded Account

Wefundtraders offers a fast track to accelerate your trading journey. You can choose a funding package tier that suits you and get funded on the same day. This means you can start utilizing your funded account right away and keep 90% of your profits.

Easy Withdrawals

Growing your funded account is a rewarding experience, and Wefundtraders ensures that you can easily withdraw your profits with just a few clicks. The processing of profits into your personal account is quick and hassle-free.

Leverage Your Trading Skills

As a global prop trading firm, Wefundtraders is dedicated to helping traders maximize their trading potential. They understand the challenges faced by undercapitalized Forex Funded Traders and provide an opportunity to leverage their skills effectively.

Trading Account Options

Wefundtraders offers a variety of account tiers to choose from, allowing you to earn more on your trading activity. Whether you're starting with a $25,000 account or aiming for a $1 million account, you can keep 90% of your gains.

Why Choose Wefundtraders?

Wefundtraders stands out for several reasons:

  • Clear & Simple Trading Rules: The trading rules are straightforward and easy to understand, eliminating any confusion for traders.
  • One-Time Audition Fee: There are no hidden or recurring fees. You make a one-time investment in yourself by taking the audition.
  • Quick Customer Service: Responsive customer service channels ensure you get timely answers to your queries.
  • Flexible Trading: Wefundtraders doesn't restrict your trading style. You can employ any strategy that suits your trading style.
  • Instant Funding: Once you pass the audition, you are funded instantly, allowing you to start trading with real capital.
  • Easy Payout: You can easily withdraw your profits with a few clicks, without any minimum requirements.

Account Limits

It's important to be aware of account limits to ensure you comply with Wefundtraders' rules:

  • 6% Maximum Drawdown: Traders may not incur losses exceeding 6% on a trailing basis up to the starting balance + 6%.
  • 5% Daily Loss Limit: Incurred losses cannot exceed 5% of your account equity in a given day.

Does My Account Expire?

If you do not trade within any 30-day period, your account will expire. It's essential to stay active to continue enjoying the benefits of being a funded trader with Wefundtraders.

How Many Lots Can I Trade?

The number of lots you can trade depends on your account tier. Here are the maximum open lots for each account size:

  • $25,000 – 2.5 lots with risk
  • $50,000 – 5 lots with risk
  • $100,000 – 10 lots with risk
  • $250,000 – 25 lots with risk
  • $500,000 – 50 lots with risk
  • $1 million – 100 lots with risk

Keep in mind that these are the maximum available lots with risk, and your account still has margin requirements that may affect your actual trading capacity.

In conclusion, Wefundtraders offers a unique opportunity for traders to amplify their profits by becoming funded traders with a global prop trading firm. With clear and simple trading rules, instant funding, and the flexibility to trade your preferred strategy, it's worth considering Wefundtraders as your partner in the world of forex trading.

FAQs

Wefundtraders allows a maximum drawdown of 6% on a trailing basis, up to the starting balance + 6%.

Yes, Wefundtraders does not restrict your trading style, allowing you to use any strategy that suits your preferences.

No, there are no hidden or recurring fees. You only pay a one-time audition fee.

If you do not trade within a 30-day period, your account will expire. It's important to remain active to continue enjoying the benefits.

You can withdraw your profits with just a few clicks, and the processing is quick, allowing you to access your earnings promptly.

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