Welcome to WanderTrade

General Questions

1. What is a proprietary trading firm?
A proprietary trading firm (prop firm) provides funding to traders to trade financial markets like forex, stocks, and crypto. Traders share profits with the firm without risking their own capital.

2. How does WanderTrade work?
WanderTrade funds traders after they pass an evaluation process. Traders are required to meet specific profit targets within the risk management rules to qualify for funded accounts.

3. Is WanderTrade available to traders worldwide?
Yes, WanderTrade accepts traders from most countries, but you must ensure trading is legal in your country.

4. Do I need to use my own capital?
No, you are not required to risk your own capital. WanderTrade funds traders who meet the evaluation criteria.

Evaluation Process

5. What is the evaluation process?
Our evaluation process includes either a 1-phase or a 2-phase evaluation. Traders must hit the profit target without breaching drawdown limits to qualify for funding.

6. What are the profit targets and drawdown rules?
For the 1-phase evaluation: Profit target: 10% Drawdown limit: 5% daily 10% overall
For the 2-phase evaluation: Phase 1 target: 8% Drawdown Limit: 4% Daily 6% Overall Phase 2 target: 4% Drawdown Limit: 4% Daily 6% Overall

7. What happens if I fail the evaluation?
If you fail the evaluation by violating the rules, you can restart the process by purchasing a new evaluation account.

Accounts and Trading

8. What types of trading accounts are available?
We offer different account types based on your trading strategy, including aggressive and low-risk accounts.

9. Which trading platforms can I use?
WanderTrade supports trading on platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

10. Can I trade forex, stocks, and crypto?
Yes, you can trade a variety of instruments, including forex, stocks, and cryptocurrencies, depending on the account type.

11. Are there any restrictions on trading strategies?
We allow most strategies, but certain restrictions apply, such as no arbitrage, news trading during high-impact releases, or third-party account management.

12. What is the leverage offered?
Leverage for funded accounts is set at 1:100 unless otherwise stated.

Profit Splits and Payouts

13. How does the profit split work?
We offer an 80/20 profit split for the first two payouts and a 95/5 split starting from the third payout.

14. How are payouts processed?
Payouts are made in cryptocurrency only. After submitting the payout request form, funds will be processed within 3 to 5 business days.

15. Can I lose my funded account?
Yes, if you breach the account's rules, such as exceeding drawdown limits or violating risk management guidelines, your account may be terminated.

Registration and Payment

16. How do I register for an evaluation?
You can register by signing up on the WanderTrade website, completing your profile, and selecting an evaluation account.

17. What payment methods are accepted?
We accept payments via Stripe and Coinbase Commerce (crypto).

18. Can I get a refund if I fail the evaluation?
Refunds are not offered for failed evaluations, as these fees cover administrative and operational costs.

Miscellaneous

19. Do I need to verify my identity?
Yes, traders must complete KYC (Know Your Customer) verification to comply with regulations and ensure security.

20. Is there an age requirement to trade?
Yes, you must be at least 18 years old to trade with WanderTrade.

21. Where can I find trading rules and terms?
All rules, terms, and conditions are available on our website's Terms of Service page.

22. How can I contact customer support?
You can contact us through email, Discord, or our website's contact form for any assistance.