What are the pros and cons of Wemastertrade? How can you get funded by this trading platform, and what are its trading conditions? Let’s explore Wemastertrade with izyCrypto in the article below.
Overview of Wemastertrade – An Opportunity for New Traders?
What is Wemastertrade? Should You Join Wemastertrade?
Wemastertrade is part of WeCopyTrade, a platform offering copy trading services. Wemastertrade is designed to help investors, especially beginners, who want to enter the financial market but have concerns about capital, experience, and tools. This platform is ideal for:
- Beginners: Don’t have much trading experience? No worries. Wemastertrade provides a demo account and a live account with pre-allocated funds so you can confidently practice and familiarize yourself with the market.
- Traders with limited capital: Want to participate in the market but lack enough capital to open an account? Wemastertrade is your solution. With pre-allocated funds, you can start trading right away without a large initial investment.
- People looking to increase their income: Seeking a new investment channel alongside your current job? Try Wemastertrade, which offers an opportunity to access the financial market and earn profits from trading.
With Wemastertrade, you’ll receive funding and essential training resources to start trading immediately. This program allows traders to focus on developing trading skills and building effective investment strategies without worrying about initial capital.
Wemastertrade’s Trading Platform – Easy Trading on MT5
Wemastertrade utilizes the MT5 trading platform, a highly popular choice in the trading community. Known for its powerful and reliable features, MT5 provides all the tools and functionality you need to analyze markets and execute trades effectively.
With its user-friendly interface, simple operations, and numerous helpful tools, traders can easily familiarize themselves with the platform. Whether you’re a beginner or an experienced trader, MT5 on Wemastertrade is accessible to all.
Wemastertrade offers both the MT5 web trading version and a mobile app for iOS and Android, meaning you can trade anytime, anywhere with an internet-connected device.
Pros and Cons of Wemastertrade – An Objective Review
Pros
- Low initial capital requirement: You can start trading with a minimal initial investment, suited to your financial capabilities.
- No complex assessment tests required: You don’t need to pass complicated assessment tests to join the program.
- High leverage provided: Wemastertrade offers leverage up to 1:100 for Forex and 1:20 for stocks, helping you maximize potential profits. However, remember that high leverage also involves high risk.
- Popular, easy-to-use MT5 trading platform: The widely used MT5 platform provides a smooth and efficient trading experience.
- Multiple payment methods supported: Wemastertrade supports various popular payment methods, including bank transfer, credit/debit card, and e-wallets, making deposits/withdrawals easy.
- Fast profit withdrawals: Wemastertrade processes withdrawal requests quickly, usually within 24 hours.
- Professional customer support: Wemastertrade’s support team is available 24/7 through multiple contact channels.
- Free trial available: You can try the Wemastertrade platform and services for free before deciding to invest.
Cons
- Daily and total loss limits: Wemastertrade imposes daily and maximum loss limits to control risk for both traders and the fund.
- Profit target requirement for withdrawals: You need to reach a certain profit level before withdrawing funds.
REGISTER FOR WEMASTERTRADE ACCOUNT
Trading Products on Wemastertrade – A Wide Range of Options for Investors
Wemastertrade offers traders a variety of financial instruments with competitive spreads and commission fees:
- Forex: Over 40 popular currency pairs, including EUR/USD, USD/JPY, GBP/USD, etc.
- Stocks: 5000 stocks from U.S., U.K., EU, China, and Australian stock exchanges, including Apple, Google, Facebook, Amazon, etc.
- Cryptocurrencies: Major cryptocurrencies on MT5, including Bitcoin, Ethereum, Litecoin, Ripple, etc.
- Indices: More than 12 popular stock indices, including S&P 500, Dow Jones, Nasdaq, etc.
- Energy: Brent Crude, WTI Crude, etc.
- Metals: Gold, silver, palladium, etc.
Trading Rules with Wemastertrade – Know the Regulations to Trade Effectively
To receive immediate funding from Wemastertrade, traders don’t need to complete any challenges. However, while trading, they must comply with the program’s rules.
Traders must achieve a minimum profit without exceeding the account’s daily and total drawdown limits, including:
- Daily Loss Limit: 4% (Default)
- Total Loss Limit: 6% (Default)
- Profit Target for Withdrawals: 6% (Default)
- Trading Time: No restrictions; you can trade anytime you prefer.
Example: If you have a $10,000 funded account, your maximum daily loss is $400, and total loss is $600.
Profit Consistency – A Key Factor for Profit Withdrawals
Formula: Best daily trading profit / Total profit of all trading days * 100
Example: Your account has a profit consistency rule of 20%. Here’s an example of your daily trading results (green for profit, red for loss):
- Day 1: $100
- Day 2: $200
- Day 3: -$50
- Day 4: $100
- Day 5: $60
Profit consistency ratio is calculated as [200/(100+200-50+100+60)] * 100 = 48.7%. Here, $200 is the best daily profit, and the sum (100+200-50+100+60) is the total profit. In this case, the trader would need more consistent profit to meet the requirement (<20%).
Risk Consistency – A Crucial Factor to Consider When Trading
For each Trade Idea (orders on the same asset), the maximum risk should not exceed 2% of the account’s initial balance. For example, if you have $10,000 in your account, the maximum risk for a single trade idea would be $200.
Definition of “Trade Idea”: Multiple orders on the same asset and in the same direction, opened within a short period (under 6 minutes), are considered one trade idea. This means that the combined risk of all these orders must not exceed 2%.
Example: If you open three buy (BUY) orders for GOLD within 6 minutes, the total risk of these orders should not exceed 2% of the initial balance. However, if you open a BUY order for GOLD and then open a BUY order for EUR/USD, the 2% Risk Consistency applies separately to each order.
Users can check trading conditions by visiting the WeMasterTrade website and entering their desired balance, where the system will automatically calculate trading conditions for them.
Wemastertrade’s Funded Account Packages – Flexible Options for Everyone
Wemastertrade provides traders with funding ranging from $10,000 to $200,000. Here, you don’t need to pass any challenges to access a funded account. Currently, Wemastertrade only offers an Instant Funding program.
Wemastertrade’s current trading fund packages are as follows:
| Criteria | Standard | 51010 | 510zero | 51010-NoPC | Customize |
|---|---|---|---|---|---|
| Initial Balance | Up to 200k | Up to 200k | Up to 100k | Up to 200k | Up to 1M |
| Daily Loss Limit | 4% | 5% | 5% | 5% | Custom (2%/5%) |
| Total Loss Limit | 6% | 10% | 10% | 10% | Custom (4%/10%) |
| Profit Target | 6% | 10% | None | 10% | Custom (6%/10%) |
| Profit Consistency | Yes | Yes | Yes | No | Yes |
| Risk Consistency | No | No | Yes | No | No |
| Maximum Profit Sharing Ratio | Up to 90% | Up to 90% | Up to 90% (Based on Daily Loss) | Up to 90% (Based on Daily Loss) | Up to 90% |
| Trading Leverage | Forex: 1:100 Crypto: 1:100 Stocks: 1:20 / Indices: 1:100 |
Forex: 1:100 Crypto: 1:100 Stocks: 1:20 / Indices: 1:100 |
Forex: 1:100 Crypto: 1:100 Stocks: 1:20 / Indices: 1:100 |
Forex: 1:10 Crypto: 1:10 Stocks: 1:10 / Indices: 1:10 |
Forex: 1:100 Crypto: 1:100 Stocks: 1:20 / Indices: 1:100 |
View Wemastertrade Fund Packages
Profit Sharing Conditions
For all packages, profits will be shared up to a maximum of 90%; however, this will depend on the number of profit withdrawals:
| Number of Profit Withdrawals | Profit Sharing Ratio |
|---|---|
| 1st Withdrawal | 50% |
| 2nd Withdrawal | 75% |
| From 3rd Withdrawal Onwards | 90% |
Note:
- For the 51010-NoPC package: If the risk consistency limit is reached, the profit share will be reduced to 20%.
- For the 510Zero package: If the profit is less than 6%, the profit share will be reduced to 20%.
For the 510Zero and 51010-NoPC Packages, the profit-sharing ratio (PS) is based on daily loss (Daily Loss), as follows:
| Daily Loss (DL) | Maximum Profit Sharing Ratio (PS) |
|---|---|
| DL < 1% | Up to 90% |
| DL ≥ 1% | 50% |
| DL ≥ 1.5% | 30% |
| DL ≥ 2% | 20% |
Note: Please ensure compliance with the requirements to avoid withdrawal request rejection.
Wemastertrade Fund Review – Should You Invest in Wemastertrade?
Wemastertrade’s funded trading program is a promising initiative, helping talented traders access flexible funding and in-depth training. With a dedicated management team and support from a professional trading community, this program aims to help traders enhance their skills, optimize performance, and achieve success in the market.
Flexible, Convenient Payment Methods
Wemastertrade supports a variety of flexible payment methods for depositing and withdrawing funds:
- Bank Transfer: Accepts payments via bank transfer, including local payment methods in some countries.
- Cryptocurrency: Supports payments with USDC and other popular cryptocurrencies.
- Debit/Credit/Prepaid Cards: Accepts payments with Visa/MasterCard/American Express/JCB cards from major banks.
Flexible payment options make it easy for traders to manage their finances and enjoy a seamless trading experience.
Profit Withdrawal Process – Fast and Transparent
Profit withdrawals at Wemastertrade are processed swiftly, typically within one day after a request is made.
Users don’t have to wait long to withdraw their profits with Wemastertrade. The program allows traders to withdraw funds anytime, anywhere, as long as they meet profit targets and comply with program trading rules.
Customer Service – Professional and Dedicated
Wemastertrade’s customer support is rated highly, readily assisting traders throughout their experience.
Wemastertrade provides online support available 24/5, assisting traders with platform setup and specific trading activities, ensuring they have a smooth trading experience.
Customer Reviews
Below are objective reviews from customers who have used the Wemastertrade platform, sourced from trustpilot.com
1. Amin Rohmad – Experience Date: 11/06/2024 “Great Prop company! They provide instant funding at a very reasonable rate (I haven’t found a better deal). They even offer a free account with the BOGO program (buy one, get one) for packages over $250. Customer support is prompt and helpful, and the withdrawal process is simple and fast. No more wasting time—jump on this opportunity with this company.”
2. Nguyen Van Manh – Experience Date: 11/05/2024 “The company has a very dedicated and enthusiastic support team. Every process is clear and transparent. I requested to withdraw over 5000 USD in profits and received great support, fully following the company’s procedures. Interacting with the support team has been comfortable. The company offers various account packages suitable for different trading styles, and I hope to achieve more profits in the future.”
3. Dumisani Tshuma – Experience Date: 11/05/2024 “Great support team, very reasonable account packages, and their affiliate program is excellent. All payments are made on time. WeMasterTrade is the best Prop company. Today, I received another payment, and I am very happy working with them.”
4. Nguyen Hoan – Experience Date: 11/03/2024 “I rate WeMasterTrade 5 stars because they paid my profits on time. For me, this is the most important factor in evaluating a Prop company. Although the payment process is not as fast as I expected, and I hope they improve this in the future, I still plan to buy more accounts to continue trading with them as everything is going well at the moment.”
5. Khánh Học Phan- Experience Date: 11/08/2024 “They intentionally forced me to violate the rules. I asked if I was in violation, and they said everything was fine. But when I reached a 10% profit, they informed me that my account violated by 0.03%, which is ridiculous. I don’t understand why this 0.03% discrepancy happened.”
Conclusion
Overall, Wemastertrade is an attractive option for new traders or those looking for investment opportunities without the stress of capital limitations. With advanced trading tools, a user-friendly MT5 platform, and flexible account packages, Wemastertrade provides financial resources as well as support for learning and skill development in trading. While there are some limitations with withdrawal regulations and drawdown levels, Wemastertrade’s accessible funding programs and dedicated customer support make it a worthwhile choice. Whether you are new to trading or experienced, this platform offers potential investment opportunities, helping you enhance your trading skills and achieve your financial goals.
