WeMasterTrader

WeMasterTrade is an instant funding prop firm that runs four no-challenge packages, 51010, 510Zero, NoPC and Customize, alongside a 2-step Challenge Package it pitches at beginners. Instant accounts go up to $200,000 on 51010 and 510Zero, $50,000 on NoPC and $400,000 on Customize, and a scale-up plan raises balances to $1,000,000 for traders with at least 2 payouts. Trading runs on MetaTrader 5, cTrader or the WeMasterTrade web platform, across forex, crypto, metals and energy, stock indices and individual stocks. WeMasterTrade calls itself a trading simulation and evaluation platform based in Vancouver. It does not accept registrations from the United States, Vietnam and 16 other listed countries, and its terms say profit-sharing services are not offered to residents of Canada.

The WeMasterTrade rules depend on the package. 51010 needs a 10% profit target before a withdrawal and 510Zero has none, both with a 5% daily loss and 10% maximum loss; NoPC needs 6% within a 2% daily and 4% maximum loss. The Challenge Package asks for 8% in phase 1 and 6% in phase 2 under the same 5% and 10% limits, and pays a 30% reward share on phase 2 profits. Instant packages have no minimum trading days and no time limit. Rules that can close or pause an account include a 20% profit consistency rule on 51010, 510Zero and Customize, a risk limit below 2% of the initial balance per trade idea (1% on a funded challenge account), and a one-hour wait before trading the same symbol in another account after a losing trade. News trading, EAs, weekend holding and hedging within one account are allowed; hedging across accounts and latency arbitrage are not.

The profit split rises from 50% on the first payout to 75% on the second and 90% from the third. Instant accounts can request a withdrawal daily, which the help centre says are processed within 1-2 business days, while funded challenge accounts pay every 7 days. A bank wire withdrawal may cost $50. Challenge fees are $45 for $10,000, $100 for $25,000, $175 for $50,000 and $320 for $100,000. The challenge FAQ promises a full refund of that fee at 6% profit, although the terms say there are no refunds on any services.