Company Information

Company Name: Waka Funding
Company Legal Name: Prop Trade Tech LLC
Company Registration No.: 2784 LLC 2022
Operating Since: Undisclosed
CEO Name: Undisclosed

Challenge Details

Pricing

Price: $275 for a $25,000 account
Price: $375 for a $50,000 account
Price: $575 for a $100,000 account
Price: $975 for a $200,000 account

Rules

Profit Target (Phase 1): 10%
Profit Target (Phase 2): Not specified
Total Loss: 8%
Daily Loss: 4%
Profit Share: Starts at 50%, increases up to 80% with each payout
Drawdown Type: Trailing Drawdown
Time Limit: Unlimited
Leverage:
- 1:100 for the evaluation phase
- 1:30 for the funded phase
Max Lot Size: No lot size limit
Payout Frequency: Every 30 days
Allows Copy Trading: Yes
Min Trading Days: 5 days

Scaling Plan

Waka Funding did not offer any Scaling Plan.

Spreads and News Trading Rules

Spreads

Waka Funding offered raw spreads during their operations.

News Trading Rules

Waka Funding allowed news trading during their operations.

Other Important Rules

Daily Drawdown Calculation

Waka Funding calculated Daily and max drawdown based on the equity or balance whichever is higher at any moment of the day. The drawdown type used by Waka Funding was trailing drawdown which means the drawdown limit will stay static but the drawdown amount change it's place as the account balance grows.

Countries Banned from Purchasing

Waka Funding had not mentioned any list of countries which are restricted on their website.

Gambling Rules

Waka Funding had not mentioned any gambling rule on their website.

Prohibited Trading Strategies

Waka Funding had not mentioned any list of prohibited trading strategies on their website.

Payout Methods:

Waka Funding offered only 2 payout methods :-

Cryptocurrency
Bank Transfer

Trading Commissions:

Trading Commissions charged by Waka Funding on their platforms were :-

$7 per lot for Forex pairs (commission is proportional for partial lots)
Indices, commodities, and other instruments incur only market spreads

IP Rule

Waka Funding had not mentioned any information related to IP Rule on their website.

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