WeMasterTrader – Firm Review
- Superior support from seasoned pros
- Quick payouts without lengthy delays
- Customizable accounts for diverse strategies
- Advanced platform with premium tools
- Personalized guidance for trading success
Company Overview
WeMasterTrader is an innovative proprietary trading firm designed to empower traders by providing funded accounts in a risk-free environment. Founded with the mission to democratize access to financial markets, WeMasterTrader offers a straightforward path to becoming a professional trader without risking personal capital. Their two-phase evaluation process—Standard and Professional Challenges—allows traders to demonstrate consistent profitability before receiving funded accounts with capital ranging from $10,000 to $300,000. What sets WeMasterTrader apart is their trader-centric approach, featuring flexible trading conditions, competitive profit splits up to 90%, and lifetime funded accounts. With robust educational resources, responsive customer support, and a global community of traders, WeMasterTrader provides both aspiring and experienced traders the infrastructure needed to thrive in today’s financial markets.
Key Features at a Glance
Challenge Fees
- $60 – $10,000 account challenge fee, one-time payment for evaluation process
- $175 – $50,000 account challenge fee, provides access to larger capital allocation
- $300 – $100,000 account challenge fee, ideal for experienced traders seeking substantial funding
- $650 – $200,000 account challenge fee, for professional traders with proven strategies
- $950 – $300,000 account challenge fee, maximum capital allocation for elite traders
Account Types
- Standard Challenge: Accessible entry-level account with balanced profit targets and risk parameters
- Professional Challenge: Advanced account with more aggressive profit targets for experienced traders
- Funded Account: Real trading account with profit-sharing after successfully passing evaluation phases
- Scaling Account: Opportunity to increase account size based on consistent performance
Profit Split Options
- 80/20 Split: Standard profit share – traders receive 80% of profits while WeMasterTrader retains 20%
- 90/10 Split: Premium option available for consistently high-performing traders
- Performance-Based Increases: Opportunity to increase profit share percentage with consistent results
- Monthly Payouts: Regular profit distributions with no minimum withdrawal requirements
Account Sizes
- $10,000: Entry-level account with lower challenge fee, ideal for beginners testing strategies
- $50,000: Mid-tier account balancing moderate capital with reasonable challenge fee
- $100,000: Professional-level account for experienced traders with proven track records
- $200,000: Advanced trading account for high-volume traders seeking significant leverage
- $300,000: Elite account size offering maximum capital allocation for top-performing traders
Trading Platforms
- MetaTrader 4 (MT4): Industry-standard platform with robust technical analysis tools and automated trading capabilities
- MetaTrader 5 (MT5): Advanced trading platform with enhanced features, timeframes, and analytical objects
- TradingView Integration: Access to advanced charting platform with extensive social networking features
- Mobile Trading Apps: Trade on-the-go with fully-featured iOS and Android applications
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including S&P 500, NASDAQ, DAX, and FTSE
- Commodities: Trade gold, silver, oil, natural gas, and agricultural products
- Cryptocurrencies: Access to major digital currencies including Bitcoin, Ethereum, and altcoins
- Stocks: Trade individual company shares from major global exchanges
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 12% | 8% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Up to $300,000 in trading capital after successful evaluation
- Scaling: Increase account size by 25% after every 10% profit, up to 4x original allocation
- Trading Competitions: Monthly contests with cash prizes and account size increases for top performers
- Free Trial: 7-day demo challenge available for new users to test the platform
- Profit Targets: Range from 5% to 12% depending on challenge type and phase
- Drawdown Structure:
- Daily: 5-6% limit on daily losses from account balance
- Maximum: 10-12% overall account drawdown limit
- Trailing: Drawdown calculated from highest achieved balance point
Trading Rules and Requirements
- No Expert Advisors (EAs) or automated trading systems permitted during evaluation
- News trading allowed but with caution around major economic releases
- Weekend holding permitted with proper risk management
- No more than 5% of account equity allocated to a single trade
- Minimum 10 trading days in Standard Challenge, 5 days in Professional Challenge
- No copying trades from other traders or signal providers
- No hedging or arbitrage strategies that manipulate the evaluation
- Trading hours restricted to standard market hours for respective assets
Company Information
- Established in 2019 with headquarters in London, UK
- Regulated by the Financial Conduct Authority (FCA)
- Global presence with traders from over 100 countries
- 24/7 customer support via live chat, email, and phone
- Educational resources including webinars, tutorials, and trading guides
- Active trader community with over 50,000 members
Payout Methods
- Bank Transfer (2-3 business days)
- PayPal (Same day processing)
- Skrill (24-48 hours)
- Neteller (24-48 hours)
- Bitcoin and other cryptocurrencies (1-24 hours)
- Wise Transfer (1-2 business days)
Trading Commissions
- Forex: $7 per standard lot ($3.5 per side)
- Indices: $5 per standard lot ($2.5 per side)
- Commodities: $6 per standard lot ($3 per side)
- Cryptocurrencies: 0.1% of trade value
- Stocks: $0.02 per share traded
IP Rules
- Trading from up to 3 different IP addresses allowed
- Using VPNs is permitted but must be disclosed in advance
- IP changes must be reported to customer support
- Different geographical locations should be registered in advance
- Multiple accounts from same IP address not permitted unless pre-approved
Video Review
WeMasterTrader Review
Comprehensive review of WeMasterTrader trading services
Unique Features
Trading Analytics
- Real-time performance metrics with detailed statistics
- Trade journal integration for strategy improvement
- Risk analysis tools to identify destructive trading patterns
- Benchmark comparisons against other successful traders
Educational Resources
- Weekly live trading sessions with professional traders
- Comprehensive video library with strategy guides
- One-on-one coaching options for funded traders
- Trading psychology workshops for mental discipline
Why Choose WeMasterTrader?
WeMasterTrader stands out in the crowded prop firm landscape by offering a comprehensive solution that balances trader-friendly conditions with professional standards. Their focus on long-term partnerships with traders rather than quick challenge failures creates an environment where serious traders can thrive.
Key advantages include:
- Scaling program that can increase account size up to 4x original allocation
- Industry-leading profit splits up to 90% for consistent performers
- Realistic trading rules that reflect actual market conditions
- No time limits on Professional Challenge for methodical traders
- Advanced analytics to help identify strengths and weaknesses
- Comprehensive educational resources to improve trading skills
- Global community of traders for networking and knowledge sharing
- Responsive 24/7 customer support for immediate assistance
Frequently Asked Questions
How long does it take to get funded?
Typically, traders can get funded within 1-4 weeks depending on their performance in the evaluation process. With the Standard Challenge, you must complete both the Challenge and Verification phases by meeting profit targets and following trading rules. The Professional Challenge has no time constraints, allowing you to progress at your own pace. Once all requirements are met, the funding process takes 1-3 business days to complete.
Can I hold positions over the weekend?
Yes, WeMasterTrader allows weekend holding of positions. However, traders should be aware of weekend gap risk and manage their exposure accordingly. It’s recommended to reduce position sizes before weekends, especially when major economic events are scheduled for the following week. The platform will not force-close your positions before weekends unless you’ve breached drawdown rules.
What happens if I break a rule?
If you break a trading rule, the consequences depend on the severity of the violation. Minor infractions may result in warnings, while serious violations like using prohibited trading strategies will lead to account termination. For drawdown violations, the account is automatically closed. WeMasterTrader has a three-strike policy for less serious rule breaks, giving traders opportunities to correct their approach before disqualification.
Can I trade news events?
Yes, news trading is permitted at WeMasterTrader. Unlike some prop firms, they do not restrict trading during high-impact economic releases. However, they recommend proper risk management during volatile news events. Their platform provides an economic calendar to help traders prepare for scheduled announcements. This policy reflects real-world trading conditions where adapting to news is an essential skill.
How often can I withdraw profits?
Profit withdrawals are processed on a monthly basis. Once funded, traders can request withdrawals of their profit share (80-90%) on the 1st of each month for the previous month’s performance. There is no minimum withdrawal amount, and payouts are typically processed within 1-3 business days depending on the withdrawal method selected. Consistent profit generation for three consecutive months may qualify traders for bi-weekly withdrawal options.
