Risk Warning: Your capital is at risk. 74-89% of retail investors lose money when trading CFDs.
You should consider whether you can afford to take the high risk.
Initiated in 2023, WSFunded, also operating under the name Wall Street Funded, is based out of Andorra but registered in the USA. The firm leverages trading platforms such as cTrader and DxTrade to provide challenges like Rapid, Classic, and WSF Ultra, catering to markets from Forex to crypto.
They promise an 80% profit split in a setting designed to enhance trader development. Thinking of joining? Click here to register and explore WSFunded’s offerings.
WSFunded Prop Firm: Get Coupon Code
As of now, there are no available coupon codes for WSFunded Prop Firm. Traders are advised to monitor the firm’s website or subscribe for notifications regarding future discounts or promotional offers.
Introduction to WSFunded Prop Firm
Official Company Name
The registered name of the firm is WSfunded, in alignment with its brand identity and market presence.
Prop Firm’s Address
Located at Av Princep Benlloch 93 ESPAI 3, AD500, Andorra, WSFunded operates from a recognized European financial hub.
Establishment Date
Founded in 2023, WSFunded is a recent entrant in the prop trading sector, bringing new strategies and perspectives to the market.
Business Registration
Though based in Andorra, WSFunded is registered in the United States, ensuring it meets stringent regulatory standards.
Ownership status
The firm is owned by Iñaki Martínez and Albert Suriol.
WSFunded Prop Firm’s Trading Platforms
WSFunded offers its traders access to two advanced trading platforms:
- cTrader: Known for its user-friendly interface and comprehensive charting capabilities, cTrader is particularly popular among Forex traders for its detailed analytical tools and support for algorithmic trading.
- DxTrade: A highly versatile platform that offers customizable features, making it suitable for traders at all experience levels.
These platforms provide WSFunded traders with the technology needed to enhance their trading strategies.
WSFunded Prop Firm’s Range of Financial Instruments
WSFunded allows traders to engage with a wide array of financial instruments, such as:
- Forex: Including major, minor, and exotic currency pairs.
- Commodities: Encompassing energy products like oil and agricultural commodities.
- Indices: Access to major global market indices.
- Metals: Trading in precious metals like gold and silver.
- Crypto: For those interested in the fast-paced world of cryptocurrencies.
This broad range ensures traders can diversify their portfolios and respond to various market opportunities.
Payment Options at WSFunded Prop Firm
WSFunded offers several convenient methods for deposits and withdrawals:
- Credit Cards: Preferred for their simplicity and rapid processing times.
- Crypto Payments: Including Bitcoin (BTC) and Tether (USDT), which offer privacy and lower transaction fees.
These methods are designed to meet the needs of a global clientele, ensuring efficient and secure financial transactions.
Account Sizes at WSFunded Prop Firm
WSFunded provides a variety of account sizes to suit different trader experience levels and investment capacities:
Options: $5k, $10k, $25k, $50k, $100k, and $200k.
These account sizes allow traders to start with smaller investments and scale up as their confidence grows or as their trading strategies prove successful.
Profit Sharing Structure at WSFunded Prop Firm
WSFunded rewards successful traders with a generous profit split:
- Standard Split: Traders keep 80% of the profits, a competitive rate in the industry.
This high-profit split encourages traders to perform their best, knowing they will retain a significant portion of their earnings, aligning their interests with the firm’s success.
Profit Targets at WSFunded Prop Firm
Rapid Challenge:
A 10% profit target designed for a quick demonstration of trading skills.
Classic and WSF Ultra Challenges:
- Phase 1: 8% profit target.
- Phase 2: 5% profit target, advancing traders to funded trading upon completion.
These targets require traders to prove profitability while managing trades effectively.
Maximum Drawdown and Loss Limits at WSFunded Prop Firm
Rapid Challenge: Maximum daily loss of 4% and total loss of 6%.
Classic/WSF Ultra Challenges:
- Maximum daily loss of 5%.
- Total loss limits: 8% for Classic and 10% for WSF Ultra.
Trading Days Requirements at WSFunded Prop Firm
WSFunded offers a flexible schedule for trading challenges:
- No Minimum Trading Days: Start the challenge anytime without immediate trading pressure.
- Unlimited Maximum Trading Days: No cap on the maximum trading days, allowing traders to work at their own pace.
This flexibility helps traders focus on strategic decisions without pressure.
Steps in the WSFunded Prop Firm Challenge
WSFunded provides a structured path to trading success:
- Rapid (1-step) Challenge: A faster route to funding.
- Classic (2-step) Challenge and WSF Ultra (2-step) Challenge: Two-phase challenges for consistent skill demonstration.
These models are designed to suit different trader preferences and readiness levels for funded trading.
Pricing for WSFunded Prop Firm Challenges
WSFunded sets competitive prices for its challenges to attract a broad range of traders:
Rapid Challenge Pricing:
- 10k – $109
- 25k – $249
- 50k – $359
- 100k – $649
Classic Challenge Pricing:
- 5k – $69
- 10k – $99
- 25k – $209
- 50k – $299
- 100k – $577
- 200k – $1045
WSF Ultra Challenge Pricing:
- 5k – $75
- 10k – $107
- 25k – $253
- 50k – $363
- 100k – $649
Commissions and Fees at WSFunded Prop Firm
WSFunded’s commission structure is specific to the platform and instrument:
- Forex, Metals, Commodities: $5 per lot on cTrader.
- DxTrade: $7 per lot, applicable throughout all trading stages.
This transparent fee system helps traders plan their cost management effectively.
WSFunded Prop Firm Refund Policies
A 120% refund is available upon your first withdrawal request.
Trial Offers by WSFunded Prop Firm
As of April 2024, WSFunded does not offer free trials.
Payout Schedules at WSFunded Prop Firm
Wall Street Funded processes payments every 10 days.
Pros vs. Cons based on Trustpilot reviews
- High Satisfaction with Support: Traders commend the exceptional customer support for being prompt, effective, and thorough.
- Problem-Solving Approach: The firm is recognized for its proactive and solution-focused service.
- Positive Payout Experiences: Testimonials frequently highlight the reliable and satisfying payout process, enhancing trust in the firm’s financial management.
- Payment Issues: Some traders have reported payment issues, claiming that the firm labels successful risk management strategies as gambling to withhold payouts.
- Strict Risk Parameters: Critics argue that the firm’s risk parameters are too restrictive, limiting traders’ strategy flexibility.
These pros and cons reflect user feedback, offering potential traders insight into real experiences at WSFunded, aiding them in making informed decisions.
Interested in WSFunded? Start your trading journey today by signing up here.