General

After a client becomes a WMT Trader, they will be provided with a demo account with fictitious capital.

A WMT Account is an account with fully fictitious funds, however, with real market quotes from liquidity providers. Please note that, for WMT Account purposes, liquidity providers do not provide us or WMT Traders with any real money (liquidity), only with the market quotes. Our clients therefore never actually perform any trades on live markets.

In a separate process, WMT also trades on its own account (outside of the WMT platform) with real financial means. While performing its own trades, WMT may also use trading data obtained from its clients’ WMT Accounts. WMT continuously monitors and analyses the trades executed by WMT Traders in the demo environment and subsequently evaluates whether trades will be executed for WMT’s own account. This execution occurs without any impact on WMT clients and their simulated trading. These two processes are separate and in no way is the WMT Trader influenced by WMT trading.

Rules

The rules set up for the simulated trading in the WMT Challenge are based on the real rules applied in financial market trading by investment companies and also in real trading on WMT’s own account, especially in the area of risk management. The application of these rules therefore contributes to the education of clients in the area of trading and at the same time provides WMT with objective parameters for the selection of clients whose trades it will monitor and, where appropriate, emulate in its trading on real financial markets.

If the trader meets all the rules of the WMT Evaluation, he/she proceeds to the final stage Otherwise, he/she is not allowed to proceed.

WMT Account

Even in the case of a WMT Account, the WMT Trader has access only to a simulated demo account with fictitious capital, i.e. there is no trading with real funds. Therefore, the Trader never gains access to a real “live account” or “margin account” etc. However, the WMT Trader will receive a real financial reward for his trading on the WMT Account, as long as his trading is profitable and there is no violation of the contractual conditions. The amount of this reward depends on the success of the trades executed through the WMT Account.

By virtue of the WMT Account Agreement, the WMT Trader agrees that his trading data may be used by WMT for trading on its own account. Therefore, WMT can actually profit from the simulated trading performed by WMT Traders.

We only add that the WMT Trader always receives its contractual remuneration, regardless of whether or not WMT has decided to use the trade data in its live trading.

Trading Infrastructure of WMT

All simulated trading within WMT takes place on WMT’s own infrastructure using MT5 trading platforms from external providers. In this way, WMT strives to provide clients with the best possible experience that emulates the reality of trading various financial instruments as closely as possible.

Although the entire environment and trading is simulated, real data provided by liquidity providers is available in the platform. Thus, in the case of simulated trading performed by WMT Traders, liquidity providers only provide data on the prices of individual instruments and never perform their standard function of a market maker, i.e. an entity supplying liquidity to market participants, as all trading takes place exclusively in a simulated environment on a demo account. WMT only uses these liquidity provider services for its internal trading on its own account, where it invests its own capital in real trading on the financial markets.

Execution of simulated trades within the Free Trial and after obtaining the WMT Account always takes place under the same execution conditions, which are always transparently available to our clients and which correspond to our efforts to make the conditions of real trading as close as possible. There is never any hidden intervention or application of specific conditions to specific clients on WMT platforms. All clients within each trading platform are always set uniform terms and conditions, regardless of trading strategy, whether they profit or not, etc.

The offer of individual symbols, their commissions and spreads are always available on the trading platforms as well as on the wmt.wecopytrade.com website.

Copying Trades and Execution of WMT Trades

As mentioned above, WMT trades for its own account, among other things, based on data obtained from its clients’ WMT Accounts. In this regard, WMT continuously monitors and analyses the trades executed by WMT Traders in the demo environment and subsequently evaluates (notably based on the use of its internal algorithm) whether trades are executed for WMT’s own account, where applicable.

This execution occurs without any impact on WMT’s clients and their simulated trading. The Trader is in no way influenced by WMT’s trading. The trader receives a reward from his simulated profit on the WMT Account even if his trades were not executed in the internal trading of WMT.

Clients are provided a demo account with virtual funds. Their trading activity on the demo account is copied in real-time to our live trading account with WeMasterTrade, where real cash flow is generated.