Live on Hyperliquid
Built by 
, a prop trading firm since 2017
Prop trading on Hyperliquid and tokenized US stocks.
Trade BTC and HYPE perps next to Apple, NVIDIA and SPY as xStocks tokens. Pass one challenge and keep 80% of the profit on a funded account.
- Largest account
- $200,000
- Simulated, so you never deposit money to trade.
- Your profit share
- 80%
- $2,000 of a $2,500 profit on a $25,000 funded account.
- Cheapest challenge
- $19
- A one-time fee for a $1,500 account.
- Time to pass
- No limit
- Trade on at least 4 different days.
Crypto and US stocks in one account
Hyperliquid perps and xStocks tokens trade from the same balance and count toward the same challenge.
Crypto perps on Hyperliquid
Perps are futures that follow a coin's price and never expire, so you can trade the price up or down. They run at Hyperliquid prices around the clock, weekends included.
US stocks and ETFs as xStocks
Tokens that follow a US share or ETF, such as AAPLx for Apple and SPYx for the S&P 500.
How the challenge works
A challenge is a trading test on a simulated account. You pay once for the account size and trade until you reach the profit target. There is one step and no time limit.
Pick an account size
Choose a size from $1,500 to $200,000 and pay its fee once. The account is simulated, so you never deposit money to trade.
Reach the profit target
Earn 10% of the account size: $2,500 on a $25,000 account. Trade on at least four different days. In one day you can lose up to 4% of the size, $1,000, counted from your balance when that day starts. In total the account must stay above $23,500, 6% under its starting size. Open trades count toward both limits. Cross either line and the account closes, which ends the challenge.
Trade a funded account
Pass and a funded account opens: a simulated account with the same two loss limits and no profit target. You keep 80% of its profit, so if it makes $2,500, $2,000 is yours. Payout terms are in the Provider Service Agreement.
| Account | Fee | Profit target | Max drawdown |
|---|---|---|---|
| $1,500 | $19 | $150 | $90 |
| $5,000 | $55 | $500 | $300 |
| $10,000 | $99 | $1,000 | $600 |
| $25,000 | $199 | $2,500 | $1,500 |
| $50,000 | $319 | $5,000 | $3,000 |
| $100,000 | $499 | $10,000 | $6,000 |
| $200,000 | $969 | $20,000 | $12,000 |
One-time fee in US dollars. The profit target is 10% of the account size. Max drawdown is the most the account can lose in total, 6% of its size.
- Daily loss limit
- 4% of the account
- Trading days
- At least 4
- Time limit
- None
- Profit share
- 80% is yours
The rules are published before you pay
Every limit is a number
Profit target, daily loss, maximum drawdown and profit share are on the challenge page and in the agreement you accept. Every trader gets the same ones.
You see your limits as you trade
The terminal shows how much you can still lose today and in total, updated as your open trades move. A breach shows on screen when it happens.
A prop firm since 2017
WSDT is built by TEFS, which has run prop trading evaluations since 2017. The same team writes the rules and answers [email protected].
$25,000 challenge
Example$26,724 +$1,724
Equity with open trades
- Profit target
- $1,724 of $2,500
- Daily loss left today
- $1,000 of $1,000
- Closes below
- $23,500 · $3,224 away
- Trading days
- 3 of 4
Start free in the weekly competition
A new round starts every Monday at 12:00 New York time. You trade a simulated $240,000 account for the week, and the top three win challenge accounts of $10,000, $5,000 and $1,500.
See this week's round- 1st$10,000 challenge account
- 2nd$5,000 challenge account
- 3rd$1,500 challenge account
Questions traders ask
before they start.
Can't find yours? Email [email protected] and a person will answer.
What is WSDT?
WSDT is a prop trading firm built by TEFS. A prop firm tests traders on simulated accounts and pays them a share of the profit. You buy a one-step challenge; pass it and you trade a funded account and keep 80% of its profit.
What can I trade?
Crypto perpetuals from Hyperliquid, such as Bitcoin, Ethereum, Solana and HYPE, gold through PAX Gold, and US stocks and index ETFs as xStocks tokens: Apple, NVIDIA, SPY, QQQ and more. The full list is on the assets page.
What is a tokenized stock?
An xStocks token follows the price of a US share, such as AAPLx for Apple. In WSDT you trade it on a simulated account from the same terminal as crypto perps.
How do challenges work?
Pick an account size, then earn 10% of it: $2,500 on a $25,000 account, over at least four trading days. You can lose up to 4% of the size in one day ($1,000) and 6% in total, so the account closes below $23,500. There is one step and no time limit. Pass and a funded account opens.
How much does a challenge cost?
The fee depends on the account size and is paid once. Current prices are on the pricing page.
How does the free competition work?
A new round starts every Monday at 12:00 New York time. You trade a simulated $240,000 account for the week, and the top three by account equity win challenge accounts of $10,000, $5,000 and $1,500. Entry is free and needs no card. The details are in the official rules.
How are payouts handled?
On a funded account you keep 80% of the profit: if it makes $2,500, $2,000 is yours. How and when you request a payout, and the minimum amount, are set out in the Provider Service Agreement.
Is my own money at risk?
No. Competition, challenge and funded accounts are simulated, so you never deposit money to trade. The most you can spend is the price of a challenge, and the competition is free. WSDT is a trader evaluation service and does not act as a broker.
Do I need to know crypto to use WSDT?
No. The terminal works like other trading platforms, with a chart, order book and order ticket. You don't need a crypto wallet to take part.