General Information
❓How can I purchase the 2-step evaluation?
You can purchase a 2-step evaluation on the WeFund website. Simply select your preferred account size, proceed to checkout, and complete the payment process. Once your payment is confirmed, you will receive an email with further instructions.
❓Do I need to place trades every day for a 2-step evaluation?
Daily trading is not required for the 2-step evaluation, allowing you to plan your trades strategically.
❓What is the smallest account size available for a 2-step evaluation?
The smallest account size you can purchase for a 2-step evaluation is $5,000.
❓Can I combine accounts to reach the maximum allocation for a 2-step evaluation?
Yes, you can combine multiple accounts to reach the maximum capital allocation for the 2-step evaluation.
❓Is there a time limit to complete the 2-step evaluation?
No, there is no time limit, giving you the flexibility to complete the 2-step evaluation at your own pace.
❓Can I request an extension for completing the 2-step evaluation?
Extensions are not necessary, as there is no time limit to complete the 2-step evaluation.
❓What happens if I don’t trade for an extended period for the 2-step evaluation?
As for the 2-step evaluation, if there is no trading activity for 30 days, your account will be marked as inactive.
Evaluation Process
❓What is the difference between a 1-step and a 2-step evaluation?
Differences | The 1-step evaluation | The 2-step evaluation |
Phases | 1 | 2 |
How to qualify | Meet profit targets | Meet specific profit targets. Reach trading objectives. |
High-Frequency Trading (HFT) | Allowed | Not Allowed |
While the 1-step and 2-step evaluations are quite similar, they have some differences, namely:
A 1-step evaluation is a single-phase process where traders must meet specified profit targets to qualify.
A 2-step evaluation consists of two distinct phases, each with specific profit targets and trading objectives:
Step 1: The trader must achieve a profit target of 8% while adhering to daily and overall drawdown limits.
Step 2: After passing Step 1, the trader must achieve a lower profit target of 4%, with the same drawdown rules applied.
Both steps require a minimum of 4 trading days to be completed. The 2-step evaluation emphasizes consistency over multiple phases, offering a more gradual progression compared to the 1-step evaluation, which requires meeting a single profit target in one phase.
❓What is the profit target for a 2-step evaluation?
For the 2-step evaluation, the profit targets are as follows:
Step 1: Achieve an 8% profit target while adhering to the specified drawdown limits.
Step 2: Achieve a 4% profit target while maintaining the same risk management rules.
These targets are designed to assess consistent and disciplined trading performance across both phases.
❓What drawdown is permitted for the 2-step evaluation?
For the 2-step evaluation, the drawdown limits are as follows:
Daily Drawdown Limit: 5% of the account balance.
Overall Maximum Drawdown: 10% of the account balance.
These limits ensure traders maintain disciplined risk management throughout both phases of the evaluation.
❓What are the minimum trading days to pass the 2-step evaluation?
The minimum trading day requirement for each phase of the 2-step evaluation is 4 days. This ensures traders demonstrate consistency and maintain activity across multiple trading sessions.
❓Do consistency rules apply during the 2-step evaluation?
No, consistency rules do not apply during the 2-step evaluation phases.
❓What happens if I don’t meet the profit target for the 2-step evaluation?
As long as you stay within the daily and overall drawdown limits for the 2-step evaluation, you can continue trading until you meet the target.
❓What happens if I breach the daily or overall drawdown limits for the 2-step evaluation?
By breaching either the daily or overall drawdown limits for the 2-step evaluation you will have failed your challenge and your account will be terminated.
Trading Rules and Allowances
❓Is it allowed to pass a 2-step evaluation with HFT?
No, High-Frequency Trading (HFT) is strictly prohibited during the 2-step evaluation. Traders must comply with WeFund’s standard trading rules and strategies to pass the evaluation phases.
❓Can I trade during news events in the 2-step evaluation?
Yes, you are allowed to trade during news events during the 2-step evaluation.
❓Are there any restrictions for the 2-step evaluation on holding positions overnight?
Overnight positions are allowed for the 2-step evaluation, but holding trades over the weekend is not permitted.
❓Do I need to use the same trading strategy for both phases of the 2-step evaluation?
No, you can use different trading strategies in each phase of the 2-step evaluation as long as they comply with WeFund's guidelines.
Account Details
❓What is the maximum capital I am allowed for the 2-step evaluation?
For the 2-step evaluation, traders can purchase accounts with a maximum size of $200,000. It is allowed to merge/combine multiple accounts to reach the maximum allocation under the condition there have been no trades executed.
❓What is the profit cap for the 2-step account?
The profit cap for the 2-step account is 12% of your starting balance per payout cycle.
❓Why is there a profit cap?
The profit cap allows us to manage risk effectively while maintaining a fair and stable platform. It ensures that traders have equal opportunities to succeed while safeguarding the platform's integrity.
❓What happens if I exceed the profit cap on the 2-step account?
If the profit cap is exceeded during the live phase of the 2-step account, your account remains active, and you can continue trading as long as all other trading rules are adhered to. However, profits beyond the 12% cap will not contribute to your account balance.
Progress and Completion
❓How will I know if I’ve passed a phase of the 2-step evaluation?
You’ll receive an email notification once you've passed a phase of the 2-step evaluation. The updated phase status will also be visible on your dashboard.
❓What profit split can I expect after passing the 2-step evaluation?
Once you pass the 2-step evaluation and become a live trader, you will receive an 80% profit split.
❓Can I switch from a 2-step evaluation to a 1-step evaluation after purchase?
No, once the 2-step evaluation is purchased, the account is setup immediately therefore it is not possible to switch an account type to a 1-step evaluation.
❓What is the refund policy?
As all accounts are setup immediately there is no refund possible.
❗Note
For all account types there are no refunds, check our GTC and Refund Policy before you open an account!