General Trading Rules
❓Can I trade news events?
During the evaluation phases, news trading is fully allowed, giving traders the flexibility to trade around high-impact news events. However, once you become a live trader, trading during heavy news events is strictly prohibited.
If trades are executed within five minutes before or after a major news release on a live account, it will be considered a soft breach. The profits from such trades will be excluded from payout calculations, but your account will remain active.
❓Are there commissions?
Standard commissions apply depending on the instrument traded, for example:
On MetaTrader 5, there is no fee ($0) per lot for Commodities, Indices, and Cryptocurrencies.
For Forex and Metals, a flat fee of $3 per lot is charged.
❓What are swap fees?
Swap fees, also known as rollover fees, are charges applied to positions that are held overnight. These fees are calculated based on market rates and depend on the instrument being traded, as well as the size of your position.
At WeFund, swap fees are automatically applied to overnight trades during both the evaluation and live phases. Traders are encouraged to review swap rates for their chosen instruments and factor these fees into their trading strategies to avoid unexpected costs.
❓Maximum Allowed Lot Size
A maximum daily lot limit applies, with thresholds reset at midnight CE(S)T.
Lot Sizes:Forex Pairs (Major & Minor Pairs) → 100,000 units base currency per lot
Commodities (XAU/USD) → 100 troy ounces per lot
Commodities (XAG/USD) → 5,000 troy ounces per lot
Indices (US30, NAS100, GER40) → 10 contracts per lot
Daily Lot Limit: 15 lotsProfits from trades exceeding the lot limit will be deducted.
Repeated violations may result in account suspension or termination.
Evaluation Phases and Limits
❓Is there a time limit for evaluations?
No, there is no time limit to complete evaluations.
❓What are the profit targets during the evaluation phase?
The profit targets are designed to help traders demonstrate consistent performance:
1-Step Evaluation: To successfully pass, traders must achieve a profit target of 10% of the starting balance.
2-Step Evaluation: To successfully pass, traders must achieve:
Step 1: The profit target of 8% of the starting balance.
Step 2: The profit target of 4% of the starting balance.
❓What is the daily drawdown?
The daily drawdown limit ensures controlled risk management and varies by evaluation type:
1-Step Accounts: The daily drawdown limit is set at 4% of the starting balance.
2-Step Accounts: The daily drawdown limit is set at 5% of the starting balance.
❓What is the overall drawdown?
The overall drawdown limit defines the maximum loss allowed across the entire evaluation period:
1-Step Accounts: The overall drawdown limit is 8% of the starting balance.
2-Step Accounts: The overall drawdown limit is 10% of the starting balance.
❓Is weekend holding allowed?
No, holding positions open over the weekend is currently not allowed on any account type at WeFund. However holding crypto trades over the weekend is allowed.
However, if there is enough demand, we may introduce this feature in the future, including the option for swing accounts to accommodate traders with longer-term strategies.
Prohibited Strategies
❓What strategies are not allowed?
WeFund strictly prohibits trading strategies that exploit the platform, violate fair trading principles, or are inconsistent with real market trading.
❗Note
These prohibited strategies do not apply during the evaluation phase of the 1 step account type, but are strictly enforced in the live trading phase to maintain transparency and fair practices.
Below is a comprehensive list of prohibited strategies:
High-Frequency Trading (HFT): Excessive trading in milliseconds to exploit market inefficiencies.
Latency Arbitrage: Trading based on delayed data or execution.
Copy Trading: Copy trading from accounts not owned by the same individual.
Hedging Across Multiple Accounts: Hedging is allowed only within the same account. Cross-account hedging is not permitted.
Arbitrage Trading: Exploiting price discrepancies or time lags across markets or platforms.
Tick Scalping: Profiting from minor price movements with extremely short trade durations.
Grid Trading: Placing opposing buy and sell orders on the same instrument for risk-free profit.
One-Sided Betting: Consistently taking positions in one direction without proper analysis.
Account Sharing: Sharing or reselling WeFund accounts to other individuals or entities.
Martingale Strategy: Doubling trade sizes after losses to recover with a single win. This creates excessive risk exposure and is not permitted.
Averaging Down (Aggressive Sizing): Continuously increasing position sizes as the market moves against a trade, leading to over-leveraging and significant account risk.
Sniping: Rapidly opening and closing trades around key price levels to exploit price reactions or spreads.
Order Manipulation: Placing or canceling orders to artificially influence market activity or prices.
Looped Orders: Continuously placing opposing buy and sell orders to create an illusion of market activity.
Consistency Rules
❓What is the consistency rule?
The consistency rule ensures stable and fair trading behavior during the live trading phase. These rules apply specifically to live 1-step accounts and are designed to promote consistent trading practices.
❗Note
These consistency rules do not apply during the evaluation phase but are strictly enforced in the live trading phase of the 1-step account to maintain transparency and fair practices.
The consistency rules are as follows:
Daily Profit Limit: No single day's profit may exceed 30% of the total Profit and Loss (PnL) for the payout period.
Example: If the total PnL over a 15-day period is $10,000, no single day’s profit should exceed $3,000. Any profits above this limit are excluded from the payout.
Single Trade Profit Limit: No individual trade’s profit may exceed 30% of the total requested PnL for the payout period.
Example: If the total PnL is $10,000, no single trade should generate more than $3,000 in profit. Profits above this limit are excluded from the payout.
Lot Size Consistency: Trade lot sizes must fall within a consistent range based on the average trade size:
Maximum Lot Size: 100% above the average trade size.
Minimum Lot Size: 70% below the average trade size.
Example: If the average trade size is 20 lots, the acceptable range is 6 lots (70% below) to 40 lots (100% above). Trades outside this range will not count toward the payout.
Trade Aggregation: Trades executed within a 30-second window are aggregated into a single position for consistency calculations. This ensures fair evaluation of trading activity and prevents manipulation of trade sizes.
Rules Breach:
Soft Breach: Profits from trades that violate these rules are excluded from the payout calculation. The account remains active.
Hard Breach: Repeated violations or severe inconsistencies may lead to account termination.
Leverage and Trading Instruments
❓What leverage can I use?
WeFund provides tailored leverage options designed to accommodate various asset classes, ensuring a balanced and strategic trading experience:
Forex: 2-step account Leverage of 1:50
1-Step account Leverage of 1:30Metals & Commodities: Leverage of 1:20
Indices: Leverage of 1:15
Crypto: Leverage of 1:2.
❓Which trading instruments are available on WeFund?
Among trading instruments, WeFund offers trading in Forex, Indices, Metals & Commodities and cryptocurrencies.
Account and Expert Advisors' (EAs) Management
❓What is the inactivity rule?
To maintain an active account, traders must execute at least one trade every 30 calendar days.
If no trades are placed within this period, the account will be classified as inactive, which may result in termination.
❓What EAs can I use?
Expert Advisors (EAs) are allowed on WeFund’s platform, provided they meet the following conditions.
Compliance with Trading Rules: EAs must strictly adhere to all of WeFund’s trading guidelines and are prohibited from exploiting platform vulnerabilities or engaging in prohibited strategies.
Fair Use: EAs should reflect genuine trading behavior and must not create unfair advantages, distort trading conditions, or manipulate market data.
Unique Usage: Traders cannot use identical EAs that execute the same trades across multiple accounts. This practice is strictly prohibited and considered a violation of WeFund’s policies.
Prohibited Strategies: EAs must not employ any of the prohibited strategies outlined by WeFund, including but not limited to arbitrage, grid trading, Martingale, latency trading, or any other strategy flagged as non-compliant.
Violating these rules will result in penalties, including account suspension or termination. Ensure your EA is fully compliant with WeFund’s guidelines to avoid any disruptions to your trading journey.