FAQ

Getting Started

+What is Wetrader Group?
Wetrader Group provides traders with a simulated environment in which challenges are held on Metrader accounts .If a trader ranks in the top 10% + α , they will be awarded a WeTrader Account, through which they can receive up to 80% of the virtual profits generated as a reward.
+Why should I use Wetrader Group?
The Wetrader Group has over 10 years of experience in propfirm markets which has given us valuable insights into what makes a trader profitable. We’ve designed our Challenges to reflect this and encourage long term profitability.

Our technical infrastructure and trading tools provide you with everything you need to maximise your trading potential.
+Participation & Payment Availability
To ensure server stability, prevent malicious user access, and assign competitions fairly, Monday 07:00 – Friday 12:00 (GMT)

Participation and payment are unavailable outside this period.
+Who can become a ME TRADER?
Traders must be over the age of 18 and not be from one of our restricted countries. If the country is not available when submitting your personal information during the purchasing stage, then this is a restricted country.
+How can I start?
Once you’ve decided which challenge program you’d like to take and the balance amount, you can complete the purchase through our website. You’ll then be sent your account details and Trader Dashboard credentials and you can start trading next market timeframe.

Challenge Rules

+What is a Hard Breach?
A Hard Breach means that you violated Maximum Total Loss rule. In the event you have a Hard Breach, you will fail the Challenge and have your ME TRADER account closed.
+How long does it take to pass the challenge?
The competition runs for seven (7) days. Rankings are calculated upon completion of the challenge based on final performance results.
+Do I need to use a stop loss on my trades?
No, using a stop loss is not mandatory.

We do advise the use of stop losses in order to manage risk. Please note stop losses can experience slippage, this occurs but is not limited to higher lot sizes where there is no matching order at that price point and therefore this will be executed at the closest price available with a matching order.
+What is the Maximum Total Loss?
The total loss for all accounts, including WeTrader accounts, is permitted up to 100%.
+What strategies am I allowed to use?
We allow our customers to use any strategy so long as they are not part of our restricted list, please see below;

(1) exploiting platform or pricing errors or latencies.(2) activities manipulating or artificially influencing market prices, such as spoofing, layering, or pump-and-dump schemes.(3) arbitrage abuse to exploit pricing differences, disrupting market order.(4) collusion with others to manipulate prices or coordinate trading, including but not limited to, through the use of multiple IP addresses.(5) unauthorised access or use of another customer’s account.(6) arbitrage between the Customer’s Demo Account and any other account.(7) hedging across multiple accounts. Hedging is allowed within each individual account but prohibited across separate accounts.
+Can I have more than a multiple Metrader challenge account at the same time?
At WeTraderGroup, each individual may participate in up to 50 competitions per day. You may register and pay for up to 10 competitions at a time.
+What is the Maximum Trading Period?
The duration of all proprietary trading challenges is seven (7) calendar days. In the event of an official market holiday during the challenge period, one (1) additional day will be granted.

WeTrader Accounts must demonstrate trading activity within thirty (30) days of issuance. Failure to do so will result in automatic revocation of the account without prior notice.
+Can I trade the news?
There are no restrictions on news trading for our challenge.

WeTrader Accounts must demonstrate trading activity within thirty (30) days of issuance. Failure to do so will result in automatic revocation of the account without prior notice.
+Can I hold my positions over the weekend?
Yes, we have no restrictions on trader’s holding over the weekend.

Traders need to be aware of the risks associated with weekend holding. Markets may experience gaps over the weekend and typically liquidity is thin when markets open for the week causing spreads to be wider than usual. We advise you to manage risk more cautiously during these times.
+What is the leverage for my account?
The leverage for ME TRADER challenge accounts is set at 1:1000, while the leverage for WeTrader accounts is set at 1:400.
+I failed my Challenge, what next?
Don't worry, you can purchase a new Challenge account and try again.
+Can I merge my Wetrader accounts?
We do not currently allow accounts to be merged, however you are allowed to use a copier to manage multiple accounts.

WE TRADER Account

+What rules do I need to follow once I have my WE TRADER account?
Most of the same trading rules from your Challenge will also apply with your WE TRADER account. You can find all of the applicable rules on our Rules page.
+What is KYC?
KYC means 'Know Your Client' and is a regulatory requirement to allow you to become a contracted WE TRADER. We need to collect personal information and documents which need to be verified before you’re approved to start trading.
+How do I get my WE TRADER account?
After ranking among the top performers through a week-long competition, you will be required to complete your KYC and sign a contractor agreement with us. Once this process is completed, your WeTrader account details will be sent to you via email.
+How much simulated capital will I start with once I have WE TRADER Account?
You will be provided with a simulated balance starting from $1,000+α, $3,000+α, $5,000+α, $10,000+α
+What is my legal relationship with you once I'm WE TRADER account?
Once you receive a WE TRADER account you’ll be designated as a contractor of WetraderGroup. This occurs once you’ve completed the necessary KYC and signed the contractor agreement.
+How should I handle taxes on my profits?
You are responsible for all applicable tax obligations.
+How do I receive my reward?
The initial reward on your WE TRADER account can be requested at any time so long as there are no open positions or pending orders. we will also withdraw our share of the reward through coin payment and your Wetrader account will be reversed in at your starting simulated balance. Withdrawals will be processed within 1-2 business days. The minimum amount for a reward is $20.
+Are there any important notes for withdrawal requests?
1.All open positions must be closed prior to completing a withdrawal.

2.Only profits exceeding the initial account balance can be withdrawn.

3.Withdrawal processing may take a minimum of 1–2 business days.

4.Any breach of account rules (such as unauthorized access, hedging across accounts, or trading during restricted periods) may result in denial of withdrawal.

Orders & Billing

+What payment methods are available?
You can pay for your Challenge using a Crypto(USDT-SOL)
+Why do you charge a fee for the Wetrader Group Ltd challenges?
There are a number of reasons we charge a fee:

1. By paying a fee, a trader shows that they are committed to their Challenge.

2. Applying a fee ensures that individuals cannot simply keep attempting the Challenges until they pass.

3. Any fee we collect is put towards ensuring that our trading infrastructure and tools are continuously maintained and developed to provide value for our traders.
+I've paid for a challenge, when do I get my account?
We process your Challenge account as soon as we receive the payment. You can find time taken on the dashboard.

You’ll receive your account details and Trader Dashboard credentials via email (please make sure to check your junk/spam folder if you can’t find them). You can also access your account credentials from the Trader Dashboard.
+Are there any hidden or recurring fees?
No. The only fee you will need to pay will be when you purchase a Challenge account.
+How do I apply for the ME TRADER challenge?
Once you’ve decided which Challenge you’d like to take and the balance amount, you can complete the purchase through our website.
+How many accounts can I have?
We allow multiple accounts at any phase, but you cannot have more than 50 challenges per day and cannot purchase over 10 challenges per one paymemt.


Trading

+What is the maximum virtual allocation?
No limitation.
+Once I reach the Wetrader Group Ltd account, am I trading in a simulated enviroment?
Yes, you will be trading in a simulated enviroment with real market like pricing and conditions.
+What is slippage?
Slippage occurs when there is increased volatility driven by fast price movement (high impact events/news) or during periods of lower liquidity in the market (Daily Close/Open and Weekly Close/Open).Slippage is when your order doesn’t fill at a specific price due to no matching order being available and therefore it is executed at the closest available price which is representative of real market conditions in our demo environment.
+What happens if I commit a hard breach on my WE TRADER account?
If you have virtual profits in your Wetrader Group Ltd account at the time of a Hard Breach you will still receive your share of the reward based on your reward split percentage.
+What is the leverage for my account?
The leverage will apply for our various asset classes:
Basically, Metrader account forex leverage is 1:1000 and Wetrader account is 1:400