Wencrypto Review 2026: Full Breakdown of This Crypto Prop Firm

Updated May 2026

Let me be direct upfront. Wencrypto launched in 2026. That's this year. It has zero reviews on Trustpilot, zero reviews on TheTrustedProp, zero payout proofs in the database, and zero forum posts from traders who've actually used it . The CEO is listed as Jon Alex. The firm is registered in Saint Lucia.

If you're looking for a prop firm with a long track record and thousands of verified traders, Wencrypto is not that. If you're curious about a new crypto-native prop firm with simple rules, 80% profit splits, and 20% off with code TRUSTED, keep reading.

Quick Verdict

Wencrypto is a crypto-only prop firm that launched in 2026. It offers two challenge paths (1-Step and 2-Step), runs on MatchTrader, and lets you trade over 100 crypto instruments with up to 80% profit share.

Bottom line: The rules look clean and the pricing is fair for a crypto firm. But with zero reviews and zero payout proofs, this is an early-stage bet. Trade with money you can afford to lose, and confirm everything on their website before buying.

Who Is Wencrypto?

Wencrypto positions itself as a crypto-focused prop trading firm. Not forex. Not futures. Pure crypto. The CEO is Jon Alex. The company is registered in Saint Lucia, which is also on its own banned countries list (LC appears in the banned countries), something worth noting .

The firm runs on MatchTrader, a platform that supports TradingView charts plus web and mobile terminals. That's their only platform. No MT4, no MT5, no cTrader.

They accept payments through Credit Card, PayPal, Cryptocurrency, Debit Card, PIX, and UPI. Withdrawals go through Bank Wire, Cryptocurrency, or Rise (a payment gateway) .

Key dates: The firm was added to TheTrustedProp database on May 15, 2026. The Trustpilot snapshot was taken on May 19, 2026 and shows zero reviews across all star ratings. The historical data from May 16 to May 19 shows zero reviews every single day .

This is not a firm that's been around for years. This is a firm that opened its doors this year.

Challenge Models Breakdown

Wencrypto offers two challenge paths. Both are straightforward, no weird rules, no hidden traps.

1-Step Challenge

Rules:

• Profit target: 9%

• Maximum drawdown: 5%

• Daily drawdown: 3%

• Minimum trading days: 3

• Payout period: Biweekly

• No time limit

How it works: Hit 9% profit without breaching the 5% overall drawdown or 3% daily drawdown. Trade at least 3 days. Then you're funded.

2-Step Challenge

Rules:

• Profit target: Phase 1 = 10%, Phase 2 = 6%

• Maximum drawdown: 8%

• Daily drawdown: 5%

• Minimum trading days: 3

• Drawdown type: Equity drawdown

• No time limit

How it works: Phase 1 requires 10% profit with 8% max drawdown. Phase 2 requires 6% profit with the same drawdown. Pass both phases and you're funded.

The 2-Step is cheaper across all account sizes. The 1-Step is more expensive but gets you funded faster (one phase instead of two).

Pricing Analysis

Let me compare Wencrypto's pricing against the broader prop firm market.

The 1-Step $50K account costs $479. After the 20% TRUSTED discount, that drops to $383.20. The 2-Step $50K costs $383 straight up, $306.40 after discount .

For context:

• FTMO's two-step $100K costs about €1,080 ($1,170 USD)

• FundingPips' one-step $100K costs about $589

• Wencrypto's 1-Step $100K costs $949 standard, $759 after discount

For crypto prop firms specifically, Wencrypto's pricing sits in the middle. Some crypto firms charge as low as $299 for $100K accounts. Others push past $1,000.

The smaller accounts are where Wencrypto looks better. A $5K 1-Step at $55 ($44 after discount) is cheap enough that the risk of losing the fee is low. A trader could test the firm's payout system with minimal upfront cost.

Rules and Trading Conditions

Here is where Wencrypto gets interesting. The rules are simple but there are some specific restrictions worth knowing.

What's Allowed

• Scalping: Yes, within drawdown and leverage limits

• Swing trading: Yes

• News trading: Yes

• Copy trading: The challenge data says copy_trading: true for both challenges, meaning copy trading is allowed during challenges 

Wait, there is a contradiction here. The pros list in the data says "Expert Advisors and copy‑trading are prohibited." But the challenge-level data explicitly says copy_trading: true for both the 1-Step and 2-Step challenges . That looks like a data entry error on the pros list. Based on the raw challenge data, copy trading is allowed. Traders should confirm this on Wencrypto's website before buying.

What's Banned

• HFT (High Frequency Trading): Not allowed

• Martingale: Not allowed

• Hedging: Not allowed

• EA trading: Not allowed (contradicts the pros list again, but the challenge data shows ea_allowed: false)

• Weekend holding: Not allowed

• Overnight holding: Not allowed

Leverage

The pros list mentions conservative leverage: 5:1 on BTC/ETH, 2:1 on many altcoins . This is standard for crypto prop firms. Most crypto firms stay between 2:1 and 10:1 because crypto is volatile enough without 100x leverage. But if you're used to forex firms offering 30:1 or 100:1, this will feel tight.

Drawdown Structure

The 1-Step uses a 5% overall drawdown with 3% daily. The 2-Step uses 8% overall with 5% daily .

Let me run through a real example:

You buy a 1-Step $50,000 account. Your starting balance is $50,000.

• Maximum overall loss allowed: $2,500 (5% of $50,000). If your equity hits $47,500, you breach.

• Maximum daily loss: $1,500 (3% of $50,000). If your equity drops $1,500 in a single day, you breach.

• Profit target: $4,500 (9% of $50,000). Hit $54,500 and you pass.

The daily drawdown resets each day based on that day's starting equity or balance, whichever is higher at the day's end. This is standard in the industry.

The 2-Step is more forgiving. An 8% overall drawdown means you can lose $4,000 before breaching on a $50K account. The 5% daily loss gives you $2,500 of room per day.

Minimum Trading Days

Both challenges require a minimum of 3 trading days . This means you cannot pass in one day. You need at least three separate days with at least one trade each. The data does not say these need to be profitable days, just trading days.

This is more relaxed than firms that require 5, 10, or 20 minimum trading days. Some traders consider this a positive. Some consider it too easy to gamble through.

Payouts and Profit Split

Wencrypto offers an 80% profit split. You keep 80% of what you make. The firm keeps 20% .

This is good but not top-tier. Some prop firms now offer 90% or even 100% profit splits on the first payout. 80% is standard, fair, but not a headline number.

Payouts are processed biweekly for the 1-Step challenge. The 2-Step challenge does not have a payout period listed in the data . Traders should check Wencrypto's website for the 2-Step payout schedule.

Withdrawals go through Bank Wire, Cryptocurrency, or Rise . The pros list mentions a 10-business-day payout cycle. That means if you request a payout on Monday, it could arrive up to two weeks later.

Here is the problem: There are zero payout proofs in the database. Zero. No screenshots of successful withdrawals. No trader showing their first payout. No forum posts discussing how fast payouts arrived .

This is the biggest risk with Wencrypto. A prop firm's payout system is its most important feature. You can have perfect rules and great pricing. If payouts don't come, none of it matters.

Wencrypto also does not refund challenge fees if you fail. The refund_challenge_fees field is set to false . Most prop firms offer refunds only if you pass and then get a payout, not if you fail. This is standard but worth knowing.

Platform and Trading Experience

Wencrypto runs exclusively on MatchTrader. No other platforms.

MatchTrader is a modern platform. It supports TradingView charts, which most traders already know. It has web and mobile terminals. It handles crypto pairs well.

The data shows Wencrypto offers over 100 tradable assets . All crypto. No forex, no indices, no commodities. If you want to trade something other than crypto, look elsewhere.

The instruments list is not populated in the data . So I cannot tell you exactly which coins are available. Based on the leverage structure (5:1 BTC/ETH, 2:1 alts), you can expect major coins like Bitcoin, Ethereum, and a selection of altcoins.

One concern is the banned countries list. Twenty-three countries are banned, including Afghanistan, Iran, North Korea, Russia, Ukraine, Venezuela, and several others . Saint Lucia is also on the list, which is where the firm is registered. If you are in any of these countries, you cannot trade with Wencrypto.

Pros

Simple challenge structure

The 1-Step and 2-Step paths are easy to understand. No complicated rules about consistency targets, no unusual drawdown calculations. Hit the profit target, stay within drawdown limits, trade at least 3 days. That is straightforward.

No time limit

Neither challenge has a time limit. You can take as long as you need to hit the profit target. This is good for traders who prefer a patient approach over rushing to meet deadlines.

Multiple payment methods

Six payment methods for deposits including PIX and UPI, which serve Brazilian and Indian traders specifically. Three withdrawal methods. The range is wider than most crypto-only prop firms.

Crypto-native focus

If crypto is your primary market, Wencrypto built its rules around crypto volatility. The lower leverage makes sense for crypto, and the asset selection (100+ crypto instruments) gives you more options than a forex firm with a few crypto pairs.

Crypto withdrawals

The ability to withdraw in cryptocurrency is a real advantage. No bank delays, no currency conversion fees. If you are crypto-native, getting paid in crypto is faster and cheaper.

Discounted entry

20% off with code TRUSTED brings the $5K 1-Step down to $44 and the $50K 1-Step down to $383.20 . That is competitive for a 1-Step challenge at those account sizes.

Cons

Brand new with zero track record

Wencrypto launched in 2026. There are zero reviews on Trustpilot across all five star ratings. Zero reviews on TheTrustedProp. Zero forum posts discussing the firm. Zero payout proofs. Zero web traffic data .

This is the biggest con and it applies to every brand-new prop firm. You are trusting a company with no history. You cannot look at six months of trader reviews before buying. You cannot check if payouts arrive on time. You are the early adopter taking the risk.

No payout history to verify

The data has no payout proof at all. For a prop firm review, this is a gap you cannot ignore. Wencrypto claims biweekly payouts and 80% profit splits. But no one has shown evidence that these payouts happen.

80% profit split is standard, not exceptional

Some firms now offer 90% or 100% on the first payout. Wencrypto tops out at 80%. It is not a bad split. It just is not a reason to choose Wencrypto over competitors.

10-business-day payout cycle

If the payout cycle is accurate at 10 business days, that is two calendar weeks. Some firms now offer instant payouts or same-day processing. Wencrypto's cycle is slower than average.

No EA trading

Automated traders cannot use Wencrypto unless they trade manually. If you rely on EAs, bots, or algorithmic strategies, this firm is not for you.

No weekend or overnight holding

If you want to hold crypto positions over the weekend or overnight, Wencrypto does not allow it. This restricts swing trading strategies that require holding through market closes.

Conservative leverage

5:1 on BTC/ETH and 2:1 on altcoins is tight if you are used to forex prop firm leverage. You cannot scale aggressively. One wrong position at 5:1 on volatile crypto can hit the daily drawdown limit fast.

Who Is Wencrypto For?

Wencrypto makes sense if:

• You trade crypto exclusively and want a crypto-native firm with crypto rules

• You want a simple 1-Step or 2-Step challenge with no complex rules

• You want to withdraw in crypto rather than fiat

• You are willing to be an early adopter and accept the risk of no track record

Wencrypto does not make sense if:

• You want a firm with verified payout proofs and trader reviews

• You need EA trading, weekend holding, or overnight holding

• You trade forex, indices, or commodities

• You want the highest profit split available (90%+)

• You need faster payouts than 10 business days

How Wencrypto Compares

Compared to established crypto prop firms, Wencrypto's rules look solid but the track record is nonexistent.

Most crypto prop firms with 6-12 months of history have at least some Trustpilot reviews, some forum discussions, some payout proofs. Wencrypto has none of that.

Compared to forex prop firms like FTMO or FundingPips, Wencrypto is smaller, newer, and more specialized. FTMO has thousands of verified payouts. FundingPips has years of trader reviews. Wencrypto cannot compete on track record.

Where Wencrypto could win is on crypto-specific rules and simplicity. A crypto trader who finds forex firms annoying because of limited crypto pairs and forex-biased rules might prefer Wencrypto's setup.

But without trader feedback, it is hard to recommend Wencrypto over firms with proven payout histories.

What to Watch Before Buying

If you decide to try Wencrypto, here is what I would check first:

1. Confirm the rules on their website

The data has some contradictions (copy trading allowed in challenge data, prohibited in pros list). Check Wencrypto's FAQ and terms page directly at wencrypto.com/faqs#instruments.

2. Start with the smallest account

The $5K 1-Step costs $55 or $44 after discount. That is a small enough bet that losing the fee does not hurt. If payouts work, scale up.

3. Check for payout proofs on social media

Search Wencrypto on X (Twitter), Discord, and Telegram. The data shows their Twitter handle is @wencryptotrade and their Discord link is discord.gg/wencrypto. Ask real traders if they have received payouts.

4. Verify the payment methods work in your country

Not all payment methods work everywhere. PIX is Brazil-specific. UPI is India-specific. Make sure your preferred method is available before buying.

5. Read the terms carefully

The data does not include the full terms and conditions. Look for clauses about breach policy, account suspension, and payout denial. Some firms have hidden rules that catch traders off guard.

Final Verdict

Wencrypto has a clean rule set and fair pricing. The 1-Step and 2-Step challenges are well-designed. The crypto focus makes sense for crypto traders. The 20% discount with code TRUSTED brings the price down to a competitive level.

But here is the real conversation: a prop firm is only as good as its payout system. Wencrypto has zero payout proofs. Zero reviews. Zero trader feedback.

The TTP score of 8.5 is based on the rules quality, not on actual trader experience . That distinction matters. Good rules on paper mean nothing if payouts do not arrive.

I would not tell you to avoid Wencrypto. I also would not tell you to put a large deposit into a firm with no track record. If you want to try it, start small. Test the payout process. Share your experience so other traders know what to expect.

Prop firm challenges involve risk. Most traders do not pass evaluations. Always read Wencrypto's latest rules on their website before buying.

Use code TRUSTED for 20% off all Wencrypto challenges. Terms and conditions apply. Trading challenges involve risk of losing the challenge fee. Past performance by other traders does not guarantee future results.