WeCopyTrade is a prop firm which has been operating for over 2 years now and offering instant funding of capital up to $200k.  WeCopyTrade have created a well-structured platform that offers 90% profit splits, unlimited time limits, and Static drawdown rules to give traders the edge they need to succeed in the market.

Company Information

• Company Name: WeCopyTrade
• Company Legal Name: WeCopy Fintech Inc
• Company Registration No.: BC1333534
• Operating Since: 2022

Challenge Details

WeCopyTrade offers four different funded programs, 

• Standard Program
• 51010 Program
• 51010-NoPC Program
• 510zero Program

1. Standard Program

This is WeCopyTrade's most basic and popular option, offering flexible account sizes and favorable trading conditions.

Pricing:

• $10,000 Account: $50
• $25,000 Account: $125
• $50,000 Account: $250
• $100,000 Account: $500
• $200,000 Account: $1,000

Rules:

• Profit Target for Withdrawal: 6%
• Total Loss: 6%
• Daily Loss: 4%
• Profit Share: 90%
• Drawdown Type: Balance-based drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:100
  • Crypto: 1:100
  • Stock: 1:20
  • Indices: 1:100
• Max Lot Size: No limit
• Payout Frequency: On-demand
• Allows Copy Trading: Yes
• Min Trading Days: 0 Days

2. 51010 Program

A more aggressive challenge with a higher profit target, this program is suited for experienced traders looking for bigger profits.

Pricing:

• $10,000 Account: $50
• $25,000 Account: $125
• $50,000 Account: $250
• $100,000 Account: $500
• $200,000 Account: $1,000

Rules:

• Profit Target for Withdrawal: 10%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 90%
• Drawdown Type: Balance-based drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:100
  • Crypto: 1:100
  • Stock: 1:20
  • Indices: 1:100
• Max Lot Size: No limit
• Payout Frequency: On-demand
• Allows Copy Trading: Yes
• Min Trading Days: 0 Days

3. 51010-NoPC Program

This challenge removes the profit cap (PC) but introduces a tiered profit share based on daily loss.

Pricing:

• $10,000 Account: $50
• $25,000 Account: $125

Rules:

• Profit Target for Withdrawal: 10%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 20% and up to 90% based on daily loss
• Drawdown Type: Balance-based drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:100
  • Crypto: 1:100
  • Stock: 1:20
  • Indices: 1:100
• Max Lot Size: No limit
• Payout Frequency: On-demand
• Allows Copy Trading: Yes
• Min Trading Days: 0 Days

4. 510zero Program

An innovative option with no profit target, designed for traders looking for more flexible conditions.

Pricing:

• $10,000 Account: $50
• $25,000 Account: $125
• $50,000 Account: $250
• $100,000 Account: $500
• $200,000 Account: $1,000

Rules:

• Profit Target for Withdrawal: 0%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 20% and up to 90% based on daily loss
• Drawdown Type: Balance-based drawdown
• Time Limit: Unlimited
• Leverage:
  • Forex: 1:10
  • Crypto: 1:10
  • Stock: 1:10
  • Indices: 1:10
• Max Lot Size: No limit
• Payout Frequency: On-demand
• Allows Copy Trading: Yes
• Min Trading Days: 0 Days

Scaling Plan

WeCopyTrade provides an opportunity for traders to grow their accounts through a scaling plan. Here's how it works:

• Eligibility: Traders must achieve a total of 20% profit in Funded Stage 1 and complete two payouts from Funded Stage 1 and 2.
• Account Growth: Once eligible, your account size increases by 50% in Stage 2 and doubles by 100% in each subsequent stage.
• Limitations: The scaling plan is not currently available for the 51010-NoPC program, although this may change in the future.

Spreads and News Trading Rules

Spreads

WeCopyTrade allow traders to check real-time spread. Traders can access this feature by downloading the trading platform from this link. After downloading, simply log in with the following details:

• Username: 953300
• Password: WeMasterTrade@01
• Server: 192.248.165.192

News Trading Rules

WeCopyTrade allows traders to trade during news events without any restrictions.

Other Important Rules

Daily Drawdown Calculation

Daily drawdown is calculated based on equity or balance, whichever is higher at the end of the trading day. This means your drawdown limit will keep increasing or decreasing based on the account performance.

Countries Banned from Purchasing

WeCopyTrade does not accept traders from the following countries:

• Cuba
• Iran
• Lebanon
• Syria
• North Korea
• Libya
• Russia
• Sudan
• Somalia
• South Sudan
• Belarus
• Myanmar
• Central African Republic
• Democratic Republic of Congo
• Ethiopia
• Iraq
• Nicaragua
• Venezuela
• Yemen

Prohibited Trading Strategies

To maintain fairness and avoid abuse, WeCopyTrade prohibits certain trading strategies, including but not limited to:

• Exploiting platform errors or latency
• Using insider information
• Front-running trades
• Using third-party or off-the-shelf strategies designed to pass challenges
• Spoofing strategies or manipulative trading behavior
• Engaging in high-frequency trades with the intent to manipulate
• Hedging between multiple WeCopyTrade accounts or third-party accounts

Payout Methods

WeCopyTrade offers three convenient payout methods for traders:

• Bank Transfer
• PayPal
• Wise

Trading Commissions

WeCopyTrade charges competitive commissions across different asset classes:

• Forex: $5 per lot
• XAUUSD: $5 per lot
• Stocks: $0.07 per lot
• Indices: $1 per lot
• Cryptocurrencies: 0.02% of the product price