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Profit Split
80%
Max Alloc.
$300,000
Payout Frequency
Bi-weekly
Challenge Types
3 types
Trustpilot
N/A
Firm Overview
Wencrypto is a cryptocurrency proprietary trading firm offering Single Pass, Double Pass, and Instant Funding programs. Traders can access up to $300,000 in simulated capital across the top 100 cryptocurrencies on a custom-built web and mobile trading terminal.
CEO / Founder
Jon Alex
Headquarters
Dubai
Payment Methods
Credit Card, Crypto (USDC on Polygon)
AI-Powered Review SummaryAI
Wencrypto is a prop trading firm established in 2024, headquartered in Dubai, and registered in LC. The firm specializes in crypto asset trading, offering funding up to $300,000. Traders operate on Wencrypto’s proprietary Terminal platform, available as a custom web and mobile application. Wencrypto provides three challenge types: Single Pass, Double Pass, and Instant Funding. Profit targets are 9% for Single Pass, and 10% (Phase 1) and 6% (Phase 2) for Double Pass. Minimum trading days are set at 3. Drawdown limits vary by challenge, with a maximum daily drawdown between 3-5% and a maximum total drawdown between 5-8%. The firm allows news trading and weekend holding. Leverage is 5:1 for BTC/ETH and 2:1 for altcoins. Trading commissions include a 0.04% trading fee and a 0.033% daily swap fee. Wencrypto advertises tight spreads with visible order book depth. A consistency rule requires a minimum of 3 winning days, each exceeding 1% gain. Automated trading (EAs/bots) and copy trading are not permitted. Wencrypto operates without an external broker. Successful traders receive an 80% profit split, with bi-weekly payouts. A full refund of the challenge fee is offered after three successful withdrawals. Payment methods include Credit Card and Crypto (USDC on Polygon). Afghanistan is a restricted country. Jon Alex is listed as the CEO/Founder. As of its founding year, Wencrypto has no reviews on Trustpilot.
Pros
- High profit split of 80% for traders.
- Offers diverse challenge types including Instant Funding.
- Allows news trading, providing more trading opportunities.
- Proprietary web and mobile trading platform for convenience.
Cons
- No Trustpilot reviews, raising concerns about reputation.
- Relatively low maximum funding compared to some competitors.
- Prohibits the use of Expert Advisors (EAs).
Instruments & Assets
Instrument Type
Crypto
Assets Available
Crypto
Platforms Supported
Terminal (custom web and mobile app)
Leverage
| Asset Class | Leverage |
|---|---|
| BTC/ETH | 5:1 |
| Altcoins | 2:1 |
Commissions & Spreads
Spread Type
Tight spreads with visible order book depth
| Asset Class | Commission |
|---|---|
| trading_fee | 0.04% |
| daily_swap_fee | 0.033% |
Consistency Rules
Minimum 3 winning days (>1% gain each)
Trading Conditions
Risk Management
Max Daily Drawdown3-5% (varies by challenge)
Max Total Drawdown5-8% (varies by challenge)
Profit TargetSingle Pass: 9%, Double Pass Phase 1: 10%, Phase 2: 6%
Min Trading Days3 days
Trading Permissions
News Trading
Allowed
Weekend Holding
Allowed
EA/Bots Allowed
No
Copy Trading
No
Max Accounts
$300,000 max total allocation
Challenges10
Single Pass
Double Pass
Payouts
Profit Split80%
Payout FrequencyBi-weekly
Minimum Payout$20
Withdrawal Methods
Crypto (USDC on Polygon)
Refund Policy
Full refund after 3 successful withdrawals
Scaling Plan
No scaling plan information available.
Restricted Countries
Afghanistan
This list may not be exhaustive. Always verify on the firm's official website.
Frequently Asked Questions
Wencrypto FAQ
Find answers to the most common questions about Wencrypto, including pricing, rules, payouts, and more.