How do I meet the requirements to be a trader financed by WFYT?

Anyone above the age of eighteen can trade on WFYT. Through our WFYT Audition, you may be able to prove your steady profitability and methodical approach to risk management. If accepted, you will be able to use our cash as a funded trader to execute trades.

How can I begin trading with WFYT funding?

Just choose the evaluation level that most closely matches your needs and complete the WFYT Audition to start your road towards becoming a funded trader. Your trading abilities, profitability, and risk-management techniques will be evaluated during this audition. You will receive a funded account from us if you pass the audition. It is that easy, honestly.

How do I meet the requirements to be a trader financed by WFYT?

WFYT offers trading opportunities for anyone aged 18 and over. If you demonstrate consistent profitability and disciplined risk management through our WFYT Audition, you can qualify to become a funded trader, leveraging our capital for your trades.

Why ought I to think about becoming sponsored as a trader with WFYT?

If you've studied the market for hours on end and have shown that you can make lucrative trades, you may be dealing with the typical issue of undercapitalization. Here's where having WFYT funding as a trader helps. With our strategy, you can safeguard your assets and preserve up to 85% of your gains because WFYT covers any losses. What if, one month, your trading prowess produced a 30% return? This may appear insignificant with a little personal investment. But when you manage a sizable account, say $200,000, this return suddenly looks much more appealing, particularly if you keep up to 85% of it. It's important to remember that trading carries inherent risk and that every trader experiences losing or break-even periods. WFYT helps to alleviate this by paying out for all losses and enforcing guidelines that improve risk management without interfering with the success of your trading techniques.

How much capital will I be responsible for managing as a trader financed by WFYT?

As a funded trader, you will manage the same amount of capital as you managed in the WFYT Audition. For example, you would be entrusted with handling $200,000 of our funds in your funded account if, during the audition, you proved your trading prowess with a $200,000 demo account. Virtual monies are used to create demo accounts for all WFYT Audition accounts.

Could you elaborate on slippage and how it can affect my account?

The difference between the anticipated trade price and the actual execution price is referred to as slippage. We at WFYT make sure that your trades are filled at the anticipated price, which prevents slippage from impacting your execution price.

What is the approximate size of the WFYT account I will be handling?

A live account balance that matches the amount selected during the WFYT Audition will be managed by traders. A trader will be granted access to a live account upon their successful completion of the audition and verification of the results. The trader may retain up to 85% of any profits made with this account.

What constitutes a trader's and WFYT's legal relationship?

The legal relationship between a trader and WFYT is governed by the contractual agreement that you accept upon signing up for your audition. This agreement is legally binding for both parties.

Does WFYT have any additional or recurring fees?

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.

Can I use WFYT to manage more than one account?

Yes, traders can manage multiple funded accounts, subject to an overall funding limit of $600,000. However, each account per audition tier must be unique. For example, if you’re managing a $100,000 account and wish to trade with a higher amount, you can apply for an additional $50,000 account by taking a $50,000 WFYT Audition

Is the evaluation conducted on a WFYT demo account?

Yes, the evaluation happens on a demo account. This eliminates any capital risk and enables us to assess your steady trading abilities. Our assessment accounts, in contrast to standard demo accounts, replicate the performance of actual market conditions. However, profit withdrawal is not allowed during this phase, which is only for assessment purposes.

Can I utilise Copy Trading on WFYT while it's being evaluated?

If the goal of copy trading during the evaluation phase is to pass the assessment by mimicking the transactions of others, either from your evaluation accounts or from other accounts, then copy trading is not allowed. If traders are discovered to be involved in these activities, their accounts may be reviewed and maybe violated, which could result in the account being closed.

What is the process for the WFYT Evaluation Fee Refund?

At WFYT, we value your success and demonstrate this by refunding your evaluation fees. This refund is processed once you make your first profit withdrawal from your live funded account.

Do Funded Traders and WFYT sign a contract?

Absolutely, all funded traders enter a contractual relationship with WFYT. A service agreement is required to be signed by each trader before a funded trading account is assigned.

How many accounts can I have open at once on WFYT?

You are allowed to maintain an unlimited number of evaluation accounts. We do, however, only finance up to three active accounts at once. The total amount of funds in all of the accounts combined cannot be more than $600,000. Trading the same markets on several accounts at the same time is against our terms and conditions.

Which brokerage service is utilised by WFYT?

We rely on Capital Index for brokerage services.

Is WFYT a brokerage firm?

No, WFYT is a proprietary trading firm. We do not accept deposits from traders for trading their own funds. As a trader, you don’t put your capital at risk and aren’t liable for losses incurred on live funded accounts.

Does having experience already mean you can't apply on WFYT?

Even though it's not necessary, it's a good idea to acquire and try a funding evaluation. There is a much smaller chance of passing an examination if you have no prior trading experience.

On WFYT, what is the maximum capital allocation?

The maximum capital allocation is $600,000, spread across a maximum of three accounts.

Do trade size restrictions apply while evaluating on WFYT?

There are no maximum trade size limits during evaluation, provided you have sufficient funds for margin requirements.

What is the WFYT profit split?

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%.

Do the accounts come with a live or demo version on WFYT?

All accounts we provide to our clients are demo accounts utilising virtual funds. Upon passing the evaluation phases clients continue to trade on simulated accounts and make performance fees of up to 85% of the increase in the account value.