If you’re interested in exploring the world of copy trading—whether to copy successful traders or, conversely, if you’re a successful trader looking to amplify your income by having aspiring investors follow your strategies—you may have heard of WeMasterTrade (for traders) and WeCopyTrade (for copy traders).
I recently came across this dual-platform system and decided to review it. In this article, we’ll take a brief dive – not too deep – into these platforms to understand what they offer, their fee structure, payout processes, user reviews, and how to get started with them.
Table of Contents
What is WeCopyTrade and What is WeMasterTrade?
WeCopyTrade and WeMasterTrade represent two complementary platforms in the modern trading ecosystem.
- WeCopyTrade allows you to mirror strategies of experienced traders, creating a community-based approach to investment decisions.
- WeMasterTrade serves as a proving ground where traders can demonstrate their skills before sharing their methods on WeCopyTrade, establishing a symbiotic relationship between strategy creators and followers.
WeCopyTrade
If you’re interested in trading but don’t have a lot of experience, social trading platforms can be a great option. One such platform is WeCopyTrade, which connects you with experienced traders whose strategies you can follow automatically.
WeCopyTrade is all about transparency. You can see how well the trades you copy are doing in real-time. The platform also features a community where you can chat with other investors and exchange ideas.
The professional traders you follow are paid based on their performance, which means their success is tied to yours.
Additionally, WeCopyTrade works with popular trading platforms like MetaTrader 4 and 5, allowing you to connect with more than 3,000 brokers around the world.
Whether you’re just starting out or prefer a more hands-off approach to investing, this platform lets you take advantage of expert knowledge while still being in control of your investment journey.
WeMasterTrade
Unlike WeCopyTrade, which connects users with skilled traders to copy, WeMasterTrade is where traders sign up to get their start. It’s a prop trading firm that gives traders access to funding, ranging anywhere from $10,000 to $200,000.
They offer a Challenge Package with a two-phase evaluation process, where traders need to hit profit targets while keeping risk in check to secure their funding.
WeMasterTrade takes care of the capital, covers any losses, and handles all the account setup stuff for you.
The best part? Traders get to keep up to 90% of the profits they make.
But why use their money instead of yours? Well it’s a no brainer actually, but let me simplify things for you:
| Reason | Why Use WMT Capital Instead of Your Own Money |
|---|---|
| Save | Instead of waiting 12+ months to save $10,000 for trading, WMT funds you instantly with $10,000–$200,000. |
| Capital | WMT gives you access to larger, customized accounts with buying power from $1M to $100M thanks to liquidity partners. |
| Risk of Loss | Losses from trading with your own money can be huge and hard to recover. WMT covers potential losses. |
| Account Setup | WMT handles the setup and tech. Just pay a one-time setup fee, sign online, and start trading right away. |
Your next natural question (at least I had it) should be: Why? Why are they doing this? What’s the catch?
Allow me to explain:
Proprietary trading firms, like WeMasterTrade, have a distinct business model that allows them to fund traders with their capital. Here’s an overview of how they operate and manage risks:
Why Do Prop Firms Fund Traders?
- Profit Sharing: By providing capital to skilled traders, prop firms can share in the profits generated. This arrangement benefits both parties: traders gain access to substantial funds, and firms earn a portion of the trading profits.
- Evaluation Fees: Many prop firms charge traders fees to assess their trading skills through simulated accounts or challenges. These fees serve as a revenue stream and help identify competent traders.
How Do They Mitigate Losses?
- Risk Management Protocols: Prop firms implement strict rules, such as maximum drawdown limits and stop-loss orders, to protect their capital. If a trader’s losses reach a certain threshold, the firm may suspend their trading activities to prevent further losses.
- Simulated Accounts: Some firms use simulated or demo accounts during evaluation phases, ensuring that initial losses don’t impact the firm’s actual capital.
- Diversification: By funding multiple traders with varied strategies, firms spread risk across different trading approaches and market conditions.
What’s the Catch?
- Performance Expectations: Traders must meet specific profit targets and adhere to risk management rules. Failure to comply can result in the loss of trading privileges.
- Profit Splits: While traders can earn significant profits, a portion is retained by the firm as part of the funding agreement.
- Upfront Fees: Traders often pay for evaluations or challenges to prove their capabilities before accessing the firm’s capital.
In essence, prop firms fund traders to leverage their skills for mutual financial gain. They employ stringent risk management strategies to safeguard their investments, and traders must navigate the firm’s requirements and fee structures to benefit from the arrangement.
To qualify for funding, you’ll need to complete specific challenge packages that evaluate your ability to make profits and manage risks. Once you demonstrate your trading skills, WeMasterTrade will provide you with real capital to trade.
One of the standout features of WeMasterTrade is its profit-sharing model, which allows you to keep up to 90% of the profits from your funded trading accounts. Additionally, the platform takes on the risk of any potential losses, meaning you can trade with significant capital without facing personal financial risk.
This setup creates a valuable opportunity for you to develop your trading career while minimizing financial concerns.
Check this video (made by them) that explains how funding works:
How do you start with the platform?
Getting started with WeMasterTrade’s platform is easy and involves a simple two-step process to assess your trading skills.
- Trading skill assessment: First, you’ll complete a trading skill assessment, where the goal is to earn an 8% profit while showing good risk management.
- Stability assessment: If you pass this first step, you’ll move on to the stability assessment, where you’ll aim for a 6% profit and start making money from your trades.
- Trading capital: Once you successfully finish both assessments, WeMasterTrade will provide you with trading capital that ranges from $10,000 to $200,000. In addition, you could have buying power of up to $100 million USD.
- Setup fee: To get started, you’ll need to pay a setup fee and sign an online contract. After that, the platform will take care of all the technical setup for you.
You will have the opportunity to trade a variety of assets, including foreign exchange, stock indices, metals, commodities, and stocks, without restrictions on your trading style.
Plus, you can earn up to 90% of the profits you make. Overall, WeMasterTrade offers a straightforward way to begin your trading journey while providing ample support and potential for success.
How payouts are made?
The payout system at WeMasterTrade is one of the key features that attracts traders looking for a steady income. With daily payouts, you can access your earnings right away, without having to wait for long periods.
In comparison, WeCopyTrade has a different approach.
Copy Traders on this platform need to wait 30 days after receiving subscription fees from those copying their trades before they can withdraw any funds.
The compensation at WeCopyTrade is based on performance, rewarding traders whose strategies attract more followers and lead to higher profits.
Both platforms offer unique payout systems that fit their individual business models. WeMasterTrade focuses on providing quick access to your money and covering risks, while WeCopyTrade prioritizes rewarding successful trading strategies that benefit the entire community.
User Experiences and Reviews
Success stories from real traders highlight how effective WeMasterTrade can be. They have a whole page dedicated to them.
For example, Ndlovu Bongani from South Africa earned nearly $9,836, while Chan Somchai from Cambodia made over $11,129.
Reviews on Trustpilot strongly support the platform’s trustworthiness. Many users appreciate WeMasterTrade’s easy-to-use interface, helpful educational materials, and quick customer support.
Fast payouts and clear processes are often mentioned as key benefits, with many traders receiving their earnings within just a few hours.
Most users describe their experiences as “life-changing” and recommend WeMasterTrade as a reliable option, although they advise potential users to remain cautious before making any financial commitments.
What fees does the platform charge?
- WeMasterTrade offers accessible pricing with entry fees starting at $70, making it attainable for traders at various experience levels.
- You’ll find the profit structure motivating, with initial withdrawals at 50% that can increase to 90% as you demonstrate consistent performance.
- The platform maintains transparency regarding costs, with no hidden charges and flexible account sizes to match your specific trading requirements.
WeCopyTrade Fees
1. One-Time Account Setup Fees: WeCopyTrade requires a one-time fee to activate your trading account, which varies depending on the chosen account size. This fee covers setup, materials, and administrative costs.
2. Per-Trade Fees: After setting up your account, WeCopyTrade charges fees for each trade executed, which differ based on the asset class.
| Account Size | One-Time Fee |
|---|---|
| $10,000 | $50 |
| $25,000 | $125 |
| $50,000 | $250 |
| $100,000 | $500 |
| $200,000 | $1,000 |
| Asset Class | Fee |
|---|---|
| Forex & Gold (XAUUSD) | $5 per lot |
| Stocks | $0.07 per lot |
| Indices | $1 per lot |
| Cryptocurrencies | 0.02% based on the product price |
WeMasterTrade Fees
WeMasterTrade has a clear and simple fee structure, especially when it comes to their trading challenge.
To get started with Phase 1 of the challenge, you only need to pay a one-time fee of $175. This fee gives you access to their main evaluation process, which is essential for aspiring traders.
A significant advantage of WeMasterTrade is that they don’t impose any ongoing costs. Unlike many other companies in the trading industry, you won’t have to pay monthly subscription fees to keep your account active or to access their trading platform.
Additionally, for Phase 2 of the challenge, you won’t need to make any extra payments to continue moving forward in the evaluation process.
This straightforward pricing model is beneficial, as it allows you to concentrate on improving your trading abilities without the stress of accumulating extra costs. By requiring just a one-time payment, WeMasterTrade helps you avoid the burden of constant financial obligations while you work toward becoming a funded trader.
So, should you trust them?
How can you tell if WeMasterTrade and WeCopyTrade are trustworthy? Evidence suggests that these platforms are legitimate options for trading. Reviews from users on Trustpilot show positive experiences, indicating that many people are happy with the services they provide.
One aspect that stands out is their transparency. They’ve a payouts page that shares success stories along with real certificates that prove their results. This allows you to check their claims for yourself, rather than just taking their word for it.
Additionally, both platforms focus on education and community support. By promoting teamwork and smart risk management, they create a space where traders can learn important skills while also having the chance to make money.
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