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WeGetFunded Review 2024

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WeGetFunded Review 2024
Customizable Profit SplitInsuranceLight News Trading
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Your Capital is at risk.

Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:WeGetFunded
Founded:2023
Headquarter:United Arab Emirates
Min Price:$79
Max Fund:$4,000,000
Challenges:2
About
WeGetFunded is a prop firm with the first profit targets of 8% and 10% for 2-step and 1-step evaluations, respectively. There are no limits on the trading period, but the daily loss shouldn't exceed 5% on the 2-step program and 4% on the 1-step model.
Contact
DDP 24522, IFZA, Business Park, Dubai, United Arab Emirates
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
High Profit-Sharing Ratio (Up To 90%)
Flexible Challenge Options
Scaling Plan Up To $4 Million
Refund Of Challenge Costs Upon Success
Cons
Quarterly Performance Reviews May Add Pressure
Limited Choice Of Trading Platforms
Support Only Available via Email

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.

WeGetFunded Review
WeGetFunded Review: Get a balanced perspective of this prop firm

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 WGF offers, here's a concise summary of its key features:

Account Currency

USD

Minimum Price

$79

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 12%

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 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 $200K for the initial balance, up to $4,000,000 via scaling
  • Price: From $79 to $1,149 for classic and unlimited challenges

Account Registration and Identity Verification

Getting started with WGF is a straightforward and fast process that will be discussed and reviewed in this section. Account Registration with WeGetFunded:

  1. Visit the website and click "Members Area";
    WeGetFunded Members Area
    Click the link addressed in the screenshot to enter the registration form
  2. Click "Create Account";
  3. Complete the registration form with information about your identity and residence location;
  4. Authorize your email address.

Now, your account is created with the prop firm. For identity verification, first, you need to buy a challenge, then upload the necessary documents related to your identity and residence location.

Evaluation Stages and Program Specifics

WeGetFunded offers two distinct evaluation processes to facilitate a versatile experience for its traders. We will discover each program in its corresponding table. 2-Step Program (Classic):

Funding

$10K

$25K

$50K

$100K

$200K

Trading Period

Unlimited

Max. Daily Loss

5%

Max. Total Drawdown

12%

Profit Target

8%-5%

Profit Split

80% (Upgradable to 90%)

Price

$79

$199

$299

$499

$979

WeGetFunded $10K challenge
WeGetFunded Classic $10,000 challenge specifications and rules

1-Step Model (Unlimited):

Funding

$25K

$50K

$100K

$200K

Trading Period

Unlimited

Max. Daily Loss

4%

Max. Total Drawdown

6%

Profit Target

10%

Profit Split

80% (Upgradable to 90%)

Price

$229

$349

$649

$1,149

Also, a "Free Trial" account is available for practice without any fees.

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.

Does WeGetFunded Offer Multiple Platforms?

WeGetFunded exclusively uses the cTrader platform, which is known 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:

  • There are no hidden fees or commissions on trades;
  • One-time challenge fee (refunded upon first withdrawal after success);
  • Standard spreads apply to 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.

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.
WeGetFunded Trustpilot
Positive scores and decent ratings of WeGetFunded on the Trustpilot website

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:

  • Facebook: https://www.facebook.com/100091534514363/
  • Instagram: https://www.instagram.com/wegetfunded/
  • X (Formerly Twitter): https://twitter.com/WeGetFunded
  • YouTube: https://www.youtube.com/@wegetfunded
  • Tiktok: https://www.tiktok.com/@wegetfunded
  • Telegram: https://t.me/wegetfunded
  • Medium: https://medium.com/@wegetfunded
  • Linkedin: https://www.linkedin.com/in/we-get-funded-643569271/
  • Discord: https://discord.gg/GP5bzHbNfz

Following WeGetFunded on these platforms can provide valuable insights into their services, trading tips, and company updates.

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).

FAQs

How long does it take to get funded with WGF?

It depends on how quickly you complete the challenge, which can vary based on your trading performance.

Can I trade any style on WeGetFunded?

Yes, the company allows various trading styles as long as they comply with their risk management rules.

What happens if I lose the challenge?

You can retry the challenge by purchasing a new one.

How often can I withdraw profits?

WeGetFunded allows bi-weekly withdrawals for funded traders. However, the first payout is after four weeks of trading.

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