This WeMasterTrade review looks at a Canada-based prop firm that has been funding traders since 2020. It offers two ways to get funded: a two-phase challenge that starts at just $38.50, and instant funding with no challenge at all. We cover the real rules, the 24-hour payouts, the unusual profit split that grows over time, and the 32% discount code — so you can decide if this firm is worth your money.
Last updated: October 11, 2026
Affiliate disclosure: This article contains an affiliate link to WeMasterTrade. If you buy through it, Propiffy earns a commission at no extra cost to you. Our rankings stay independent — no firm can pay for a better rank.
Key Takeaways
- WeMasterTrade is a Canada-based prop firm founded in 2020 (operated by WeCopy Fintech Inc.), with 50,000+ users.
- Two-phase challenges start at $38.50 for a $10,000 account; instant funding is also available.
- Profit split starts at 50% and grows to 75%, then 90% as you complete more payouts.
- Payouts are processed on demand within 24 hours — bank transfer, cards, PayPal, or Bitcoin.
- Use code PROPI for 32% off your challenge fee.
- Country check: traders in the UAE, Pakistan, and India can join — but the USA is on the restricted list.
What Is WeMasterTrade?
WeMasterTrade is a proprietary trading firm headquartered in Vancouver, Canada. It has been active since 2020 and is operated by WeCopy Fintech Inc. Like other prop firms, it lets you trade with the firm's capital: you pass an evaluation (or skip it with instant funding), and then you keep a share of the profits you make.
The firm stands out in three ways. First, the entry price is very low — a $10,000 two-phase challenge starts at $38.50, which is cheaper than most firms charge. Second, payouts are fast: the firm processes withdrawal requests within 24 hours, on demand. Third, the profit split grows with you. You start at 50%, move to 75% on your second payout, and reach 90% from your third payout onward.
If you are new to these funding formats, read our guide on 1-step vs 2-step vs instant funding before you continue.
WeMasterTrade at a Glance
| DetailFact | |
| Founded | 2020, Vancouver, Canada |
| Starting price | $38.50 (two-phase challenge) |
| Account sizes | $10,000 – $200,000 (scales to $1,000,000) |
| Profit split | 50% → 75% → 90% (grows with payouts) |
| Payout speed | Within 24 hours, on demand |
| Payout methods | Bank transfer, cards, Apple Pay, Google Pay, PayPal, Bitcoin |
| Platforms | MT5, MatchTrader |
| Min trading days | None |
| Drawdown type | Static (non-trailing) |
| Discount code | PROPI (32% off) |
| News trading | Allowed |
| EAs allowed | Yes |
| Weekend holding | Yes |
Funding Programs Explained
WeMasterTrade offers two main paths, both covering account sizes from $10,000 to $200,000.
Two-Phase Challenge. This is the classic route and the cheapest one. Phase 1 has an 8% profit target; Phase 2 has a 6% profit target. There are no minimum trading days, so you can move at your own pace. The $10,000 account starts at $38.50, and the firm runs a reset-discount program — if you fail, you can retake the challenge at a lower cost (about 30% off the retake).
Instant Funding. This path skips the evaluation completely. You pay a higher fee (starting around $78 for a $10,000 account, per the firm's current pricing) and trade a funded account right away — but you must stay within the loss limits and a consistency rule applies. Instant accounts come in a few variants, including one with no profit target and one with no consistency requirement.
Both paths use static drawdown, which means your loss limit is locked to your starting balance and never moves up as you profit. This is stricter than trailing drawdown in some situations, so read the rules section below carefully.
Profit Split and Payouts
Here is the part most traders misunderstand about WeMasterTrade: the profit split is not fixed. It grows as you withdraw:
- 1st payout: you keep 50% of the profit
- 2nd payout: you keep 75% of the profit
- 3rd payout onward: you keep 90% of the profit
This rewards patient, consistent traders. If you only plan to take one payout and leave, the 50% starting split is low compared to firms that offer 80% from day one. But if you plan to trade with the firm for months, you end up at a very strong 90%.
Payouts are the firm's strong point. Withdrawal requests are processed on demand within 24 hours, and you can choose from bank transfer, debit/credit cards, Apple Pay, Google Pay, PayPal, or Bitcoin. There are no fees on withdrawals. Fast, flexible payouts are exactly what traders ask for most — and this is where WeMasterTrade delivers.
Cost and Discount Code
The two-phase challenge starts at $38.50 for a $10,000 account — one of the lowest entry prices among established firms. See how it compares in our list of the cheapest prop firm challenges in 2026.
Discount code: use PROPI at checkout for 32% off your challenge fee.
👉 Get 32% off WeMasterTrade with code PROPI
Two warnings before you pay. First, the challenge fee is not refundable — only buy an account size you are ready to trade seriously. Second, instant funding costs more than the challenge route, so pick instant only if you are confident you can trade within its tighter consistency rules from day one.
The Rules You Must Know
Most traders fail challenges because they break a rule, not because of bad trading. Learn how to pass a prop firm challenge first, then study these WeMasterTrade rules:
- Max drawdown: 10%, static. Your loss limit is locked to your starting balance — it does not move up when you make profit. Never let your total loss cross this line.
- Daily drawdown: 5% per day on the two-phase challenge (4–5% on instant accounts).
- News trading: allowed. You can trade through news events with no restrictions.
- EAs and robots: allowed. Weekend holding: allowed. Copy trading: allowed.
- Banned strategies: hedging across multiple accounts, martingale, and gambling-style trading are prohibited.
- Consistency rule: 20–30% on instant accounts and Phase 2 — you cannot make all your profit in one lucky trade.
- Funded accounts: once funded, keep your risk at about 1% per trade. This keeps your account alive long enough to reach the 90% split tier.
- Minimum trading days: none. Trade at your own pace.
- Leverage: 1:100 with zero commission.
- Fee: not refundable.
The full breakdown of common limits is in our guide to prop firm rules.
Who Can Join WeMasterTrade?
Country rules are where many traders get a nasty surprise — you pay for a challenge, then learn your country is banned. Here is what you must know: WeMasterTrade accepts traders from the UAE, Pakistan, and India — but NOT the USA. The United States is on the firm's restricted list, so American traders need a different firm.
The firm does not accept traders from these countries: the USA, Lebanon, Israel, Syria, Vietnam, North Korea, Russia, Venezuela, and Libya — and the full restricted list is longer. Check the firm's official FAQ for the current list before you pay.
If yu are in Pakistan or India, also read our guide on prop firms that accept Pakistan traders for payment-method tips
WeMasterTrade vs Other Prop Firms
How does it compare to two firms we have already reviewed?
| FeatureWeMasterTradeFXIFYFunded Trader Markets | |||
| Starting price | $38.50 | $19 | ~$20 (with code) |
| Challenge type | 2-phase + instant | 1-step, 2-step, instant | 1-step, 2-step, instant |
| Starting profit split | 50% | Up to 90% | 70–90% |
| Top profit split | 90% | 90% (100% crypto) | 90% |
| Payout speed | 24 hours, on demand | On demand | On demand (24-hr guarantee) |
| Min trading days | None | None stated | None |
| Accepts US traders | Yes | Yes | Yes |
WeMasterTrade wins on payout speed and flexibility of strategy (news, EAs, weekend holding all allowed). FXIFY and FTM win on the starting split — they pay you more from your very first payout. Your choice depends on what matters more to you: fast withdrawals with growing splits, or a high split from day one.
Pros and Cons
Pros
- Very low entry price — two-phase challenge from $38.50
- 24-hour on-demand payouts with many withdrawal methods
- Profit split grows to 90% for consistent traders
- News trading, EAs, weekend holding, and copy trading all allowed
- No minimum trading days — trade at your own pace
- Accepts traders from the UAE, Pakistan, and India (the USA is restricted)
- Scaling up to $1,000,000 in funding
Cons
- Starting profit split of 50% is low — you must stay for months to reach 90%
- No regulatory licence or verification
- Consistency rule (20–30%) restricts aggressive traders on instant and Phase 2 accounts
- Challenge fee is not refundable
- Only MT5 and MatchTrader — no MT4 or cTrader
Is WeMasterTrade Legit?
This is the question every trader should ask before paying any prop firm. Here is what we can verify.
WeMasterTrade is operated by WeCopy Fintech Inc., a registered company in Vancouver, Canada, and has been active since 2020 — a longer track record than many newer firms. It holds a 4.5 out of 5 rating on Trustpilot from more than 1,800 reviews (per toppropoffers.com, checked October 2026), which is strong social proof. It also scores 4.9 out of 5 on FxVerify's prop-firm ranking.
The honest caveats: the firm is not verified with any regulator, the 50% starting split is low, and some traders have reported payout delays and slow support responses. Like every prop firm, you should start with the smallest account, test one full payout cycle, and only then scale up. Never risk money you cannot afford to lose.
Frequently Asked Questions
Is WeMasterTrade legit or a scam?
WeMasterTrade is a real, operating prop firm — not a scam. It is run by WeCopy Fintech Inc. in Vancouver, Canada, has funded traders since 2020, and holds a 4.5/5 Trustpilot rating from 1,800+ reviews. That said, it has no regulatory licence, so start with a small account and test one full payout before you scale up.
Does WeMasterTrade accept traders from the USA, Pakistan, and India?
The USA — no. The United States is on WeMasterTrade's restricted list (per the firm's official FAQ and KYC policy). Pakistan and India — yes, both are accepted, as is the UAE. The restricted list also includes North Korea, Syria, Russia, Lebanon, Israel, Vietnam, Venezuela, Libya, and others — check the firm's official FAQ for the full current list before you pay. Israel, Vietnam, Venezuela, Libya, and others — check the firm's official FAQ for the full current list before you pay..
What is the WeMasterTrade discount code?
Use code PROPI at checkout for 32% off your challenge fee. The code applies to the two-phase challenge accounts and brings the $10,000 starting price down even further. Enter it on the payment page before you complete your purchase.
How fast does WeMasterTrade pay out?
WeMasterTrade processes payout requests on demand within 24 hours. You can withdraw via bank transfer, debit/credit card, Apple Pay, Google Pay, PayPal, or Bitcoin, and the firm charges no withdrawal fees. Your first payout keeps a 50% split, the second 75%, and the third onward 90%.
Does WeMasterTrade allow news trading, EAs, and weekend holding?
Yes — all three are allowed, which is more flexible than many firms. You can trade through news events, run Expert Advisors, and hold positions over the weekend. What is banned: hedging across multiple accounts, martingale strategies, and gambling-style trading. A 20–30% consistency rule applies on instant and Phase 2 accounts.
Final Verdict
WeMasterTrade is a solid choice for traders who value fast payouts and flexible rules over a high starting split. The $38.50 entry price is genuinely cheap, the 24-hour on-demand withdrawals are among the fastest in the industry, and allowing news trading, EAs, and weekend holding means most strategies work here.
The trade-off is clear: you start at a 50% profit split, which is low. This firm rewards traders who stay — reach your third payout and you keep 90%. If you only want one quick payout at a high split, look elsewhere. If you want a long-term funding partner with quick withdrawals, WeMasterTrade is worth trying.
Propiffy's take: start with the $10,000 two-phase challenge, use code PROPI for 32% off, and test one full payout cycle before scaling.