WeGetFunded is a prop firm with a minimum challenge fee of $79 and a profit split that is customizable between 80% and 90% options.
Also, this company provides funding up to a whopping $4,000,000 through scaling. There are 2 evaluation models: Classic & Unlimited.
Company Information Overview
WeGetFunded is a proprietary trading firm that facilitates funding for traders via challenges. Founded in 2023 by a team of over 80 seasoned traders as claimed by the company, this prop firm understands the challenges and aspirations of traders.
Based on the data found on the Google Maps platform, this firm is headquartered in DDP 24522, IFZA, Business Park, Dubai, United Arab Emirates.
Main Features and Specifics
To give you a clear picture of what the prop firm offers, here's a concise summary of its key features:
Account Currency | USD |
Minimum Price | $129 |
Maximum Leverage | 1:100 |
Maximum Profit Split | 90% |
Instruments | Forex, Indices, Stocks, Crypto, Bonds, etc. |
Assets | Not Specified |
Evaluation Steps | 1-Step, 2-Step |
Withdrawal Methods | Bank Transfer, Crypto |
Maximum Fund Size | $4,000,000 Through Scaling |
First Profit Target | 8% |
Max. Daily Loss | From 5% |
Challenge Time Limit | Unlimited |
News Trading | Allowed |
Maximum Total Drawdown | From 10% |
Trading Platforms | cTrader |
Commission Per Round Lot | Not Specified |
Trustpilot Score | 4.2/5 |
Payout Frequency | First Withdrawal is Accepted After Four Weeks Next Payouts Are Done Bi-weekly |
Established Country | United Arab Emirates |
Established Year | 2023 |
Advantages And Disadvantages
Like any trading opportunity, WeGetFunded comes with some significant pros and cons. Let's break them down:
Advantages | Disadvantages |
High Profit-Sharing Ratio (Up To 90%) | Quarterly Performance Reviews May Add Pressure |
Flexible Challenge Options | Limited Choice Of Trading Platforms |
Scaling Plan Up To $4 Million | Support is Only Available via Email |
Refund Of Challenge Costs Upon Success | - |
Funding & Price Range On WeGetFunded
WeGetFunded offers a range of funding options to suit different trader needs and experience levels. Here's an overview of their pricing and funding structure:
- Funding: From $10K to $400K for the initial balance, up to $4,000,000 via scaling
- Price: From $129 to $2,069 for classic and unlimited challenges
Account Registration and Identity Verification
To create a new trading account with the WeGetFunded prop firm, you can follow the steps below. WeGet Funded registration:
#1 Navigate to the Sign-Up Page
Visit the official WeGetFunded website and hit the “Register” button on the homepage to begin the process.
#2 Fill in Personal Information
Complete the form with your name, email, mobile number, password, residential address, country, and date of birth. Accept the terms before submitting.
#3 Confirm Your Email & Log In
Verify your email through the confirmation link sent to your inbox. Then log in with your credentials to access your trading dashboard.
#4 Verify Your Trading Account
After successfully passing the challenges, you must verify your trading account by completing the KYC process. The required documents include a proof of identity (such as a passport) and a proof of address (such as a utility bill).
Evaluation Stages and Program Specifics
WeGetFunded offers two distinct evaluation processes to facilitate a versatile experience for its traders.
WeGetFunded 1 Stage Evaluation
For traders who want to get funded as soon as possible, the 1-step evaluation program is the best option.
Parameters | Step 1 |
Profit Target | 10% |
Minimum Trading Days | 5 Days |
Maximum Daily Drawdown | 4% |
Maximum Overall Drawdown | 6% |
Leverage | 1:100 |
Profit Split | 80/20 |
WeGetFunded 2-Step Evaluation
Traders who prefer a more gradual approach to trading find the 2-step evaluation a suitable option.
Parameters | Step 1 | Step 2 |
Profit Target | 8% | 5% |
Minimum Trading Days | 5 Days | 5 Days |
Maximum Daily Drawdown | 5% | 5% |
Maximum Overall Drawdown | 10% | 10% |
Leverage | 1:100 | 1:100 |
WeGetFunded Bonuses and Promotions
Based on our investigations, the company does not currently offer any specific bonuses or promotions. Prop firms occasionally offer discount codes through official or third-party sources; therefore, always check these sources for any promotions.
WeGetFunded Rules
Let's review all the trading conditions you must adhere to to avoid losing your account at the WeGetFunded prop firm. WeGetFunded rules:
- VPN and VPS Usage: Inform your account manager before using multiple IP addresses or a VPS to avoid security concerns
- Hedging: Allowed within risk management rules; abusive hedging may violate Terms of Use
- Expert Advisors (EAs): EAs and indicators are allowed with verification; certain strategies like high-frequency trading and arbitrage are prohibited
- Gambling and Risky Strategies: Emulators, arbitrage trading, scalping, grid trading, and copying other traders are strictly prohibited
- News Trading: Allowed during the challenge phase, but restrictions apply after obtaining a funded account based on the economic calendar
VPN and VPS Usage
While it is possible to trade from multiple IP addresses, it is advised that you inform your account manager before doing so. Using Virtual Private Servers (VPS) or connecting from multiple locations can trigger security and identity verification concerns.
To ensure the safety of your account, it is important to provide clear and transparent information about your current location. Always communicate any special circumstances with your account manager to avoid potential verification issues.
Hedging
Hedging is permitted at WeGetFunded as long as it adheres to the firm’s risk management policies. However, abusive hedging strategies, especially those that aim to manipulate trading conditions or circumvent the firm's rules, will be considered a violation of the Terms of Use.
Make sure your hedging strategies are implemented responsibly to avoid any penalties. If in doubt, reach out to support for clarification.
Expert Advisors (EAs) Usage
Expert Advisors and indicators are allowed, including third-party EAs, provided they are verified before being used on your live account. However, the following strategies are strictly prohibited:
- Emulators
- High-frequency trading, whether manual or bot-driven
- Reverse arbitrage trading
- Hedge arbitrage trading
- Latency arbitrage trading
- Tick-scalping
- Grid trading
- One-way betting
- Copying other traders' trades
A minimum trade time of one minute between opening and closing trades is required. If any of these prohibited strategies are detected on your account, WeGetFunded reserves the right to terminate your account without notice.
Additionally, copying trades from external accounts into your WeGetFunded account is not permitted, although copy trading between your own WeGetFunded accounts is allowed.
Gambling and Risky Strategies
The following trading practices are strictly forbidden:
- Emulators
- Reverse arbitrage trading
- Hedge arbitrage trading
- Tick-scalping
- Grid trading
- One-way betting
- Copying other traders' trades
News Trading Conditions
WeGetFunded allows news trading during the challenge phase. However, once a funded account is obtained, restrictions apply. You will be required to follow the economic calendar provided on the website and in your client area.
This calendar outlines when major economic events can be traded in an authorized manner, helping you to manage risk during volatile economic announcements.
These restrictions are in place to protect your capital by minimizing risks associated with economic events. The calendar will guide you on the best times to trade, ensuring optimal risk management and maximizing long-term success.
Does WeGetFunded Offer Multiple Platforms?
WeGetFunded exclusively uses the cTrader platform, renowned for its advanced features and user-friendly interface. Here's why cTrader stands out:
- Low-latency execution for precise order placement
- Advanced charting tools and technical indicators
- Customizable interface to suit individual trading styles
- Algorithmic trading capabilities for those using EAs
- Mobile app for trading on the go
- Robust risk management features
However, some traders might prefer more platform options and find focusing on a sole choice a drawback.
Tradable Markets
WGF, like many other prop firms, offers a decent range of tradable instruments in different markets. In the list below, we will mention some of them:
- Forex
- Indices
- Stocks
- Cryptocurrencies
- Bonds
The company's website does not go into detail regarding this topic and only gives a general image of its offerings. It states that all available assets on the cTrader platform are accessible to WGF's clients.
Which Options Are Available for Payments?
WeGetFunded understands the importance of flexible and secure payment options. They offer three main methods for deposits and withdrawals:
- Bank Transfer: Traditional and widely accessible
- Crypto: For those preferring cryptocurrency transactions
- Credit/Debit Card: Convenient payments for challenges
WeGetFunded Prop Firm Commissions And Costs
This prop firm tries to keep a competitive fee structure. Here's what you need to know:
- No hidden fees or commissions on trades
- One-time challenge fee (refunded upon first withdrawal after success)
- Standard spreads for all trades
However, there's no exact information regarding trading commissions and spreads. The firm only states that there are "exceptionally low commissions and ultra-competitive spreads." The lack of clear data can be considered a drawback.
Education and Tutorials
While WGF doesn't offer an extensive educational platform, they do provide some resources to support traders. This company's website consists of a FAQ section that Covers most common queries about their services. Also, there's a terminology of financial terms and words titled "Lexique".
You can also use TradingFinder's Forex education section to access comprehensive learning materials.
How Are The Trust Scores on Reputable Websites?
Trust is crucial in the prop trading industry, and WeGetFunded's Trustpilot scores reflect positively on their reputation:
- Overall rating is 4.2 out of 5 stars (based on over 200 reviews)
- Nearly 80% of reviews are 5-star ratings
WGF actively responds to negative reviews (+90% response rate), demonstrating its commitment to addressing customer concerns and maintaining service quality. However, there are no ratings and reviews on other credible websites.
Support Team Contact Channels and Working Hours
This is where WeGetFunded does a poor job. Most companies in various fields, including finance, provide 3 or more contact methods for customer services, but WGF only provides an email address: support@wegetfunded.com.
Besides, the team is not available 24/7, and the schedule is Monday to Friday, 8:00-20:00 (UTC+2). Support section in this prop firm is one of its most significant weaknesses.
Social Media Accounts and Pages
WeGetFunded maintains an active presence on various social media platforms. You will find the links to the corresponding accounts here:
- WeGetFunded Facebook
- WeGetFunded Tiktok
- WeGetFunded Discord
- X (Formerly Twitter)
- YouTube
- Telegram
- Medium
Following WeGetFunded on these platforms can provide valuable insights into their services, trading tips, and company updates.
WeGetFunded in Comparison with Other Prop Firms
Check the table below to understand the pros and cons of trading with WeGetFunded Prop Firm in comparison to other Prop Firms.
Parameters | WeGetFunded Prop Firm | |||
Minimum Challenge Price | $129 | $97 | $15 | €55 |
Maximum Fund Size | $4,000,000 | $200,000 | $100,000 | Infinite |
Evaluation steps | 1-Step, 2-Step | 1-Step, 2-Step | 1-Step, 2-Step | 2-Step |
Profit Share | 80% | 85% | 100% | |
Max Daily Drawdown | 5% | 5% | 4% | 5% |
Max Drawdown | 10% | 10% | 8% | 8% |
First Profit Target | 8% | 5% | 8% | 10% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:100 | 1:100 | 1:75 | 1:100 |
Payout Frequency | Bi-weekly | Bi-weekly | 10 Days | 14 Days |
Number of Trading Assets | N/A | 40 | 400+ | 150+ |
Trading Platforms | cTrader | MetaTrader 5, cTrader, Dxtrade | Match-Trader, cTrader | cTrader, DXTrade |
Expert Suggestions
WeGetFunded, a prop trading firm, offers a maximum leverage of 1:100 in the cTrader trading platform. The company has received a score of 4.2 out of 5 on the Trustpilot website. This rating is based on +200 reviews.
The firm enables payments via 3 main methods [bank transfer, crypto, credit/debit card] and provides its support services through email, Monday to Friday, 8:00 to 20:00 (UTC+2).