Discover Monevis Funding, a leading proprietary trading firm that empowers traders with advanced tools, flexible account options, and attractive profit splits. Whether you’re starting out or looking to expand your trading capabilities, Monevis Funding provides a supportive and secure platform to achieve your trading goals.

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Monevis Funding: A Comprehensive Review

Monevis Funding emerges as an innovative proprietary trading firm, offering a unique platform for traders to leverage the firm’s capital rather than solely depending on their own. This arrangement presents traders with the opportunity to operate with substantial leverage and access to cutting-edge trading tools, setting the stage for potentially significant profit margins.

The allure of Monevis lies in its proposition to traders who aspire to work with larger capital volumes than they could on their own. By tapping into the resources provided by Monevis, traders are empowered to expand their trading capabilities and seize broader market opportunities. However, it’s crucial for traders to recognize the risks that come with the territory. Monevis encourages all potential and current traders to rigorously review and comprehend the terms and conditions associated with trading on their platform, to make well-informed decisions on their trading voyage. One of the standout features of Monevis Funding is its operation of MetaTrader 5 (MT5) servers, boasting a MetaQuotes license.

This direct ownership means Monevis maintains full control over its trading infrastructure, ensuring both reliability and security for its users. The firm’s commitment to regulatory compliance and platform stability is evident, setting it apart from other entities that may rely on third-party brokerages. This setup mitigates the risk associated with license loss, providing traders with a secure and stable platform on which to conduct their activities. For more detailed information or assistance, Monevis has a support team ready to address any inquiries.

Opening an Account with Monevis: A Step-by-Step Guide

Embarking on your trading journey with Monevis begins with a simple yet crucial step: registering for an account on their platform. By navigating to the official Monevis registration page, prospective traders can easily sign up by providing their personal details, thus creating their unique Monevis trading profile.

Monevis Funding Choosing Your Ideal Account Type and Size

Monevis caters to a diverse array of trading goals and strategies by offering a wide range of account types and sizes. This variety ensures that both novice and seasoned traders can find the perfect fit for their trading needs, allowing for a personalized trading experience tailored to individual preferences.

Secure Payment Processing

After selecting the account that best suits your trading aspirations, the next step involves completing the payment process. Monevis has streamlined this stage to be both secure and user-friendly, ensuring a smooth transition towards activating your chosen trading account.

Receiving Your Account Details

Following the successful confirmation of your payment, you will receive a detailed email from Monevis. This email contains all necessary account information, setting you up to start trading. With these details at your disposal, you’re now fully equipped to navigate the trading world with Monevis. By following these straightforward steps, you’re well on your way to leveraging the vast resources and expertise offered by Monevis, positioning yourself to chase after your financial goals with confidence.

Round-the-Clock Support at Monevis

Monevis stands out for its commitment to providing continuous support, available 24/7, every day of the year. This dedication ensures that traders can access immediate assistance with any queries or issues that may arise, ranging from account setup to trading strategies and technical challenges. Monevis’s team of experts is always on standby to offer their support, ensuring a seamless trading experience at all hours.

Exploring Free Trials and Age Requirements at Monevis

While Monevis currently does not offer free trials, the firm is actively considering the introduction of this feature to further enhance its services. As Monevis continues to evolve, it maintains a commitment to keeping its community informed about new developments, including potential free trial options. In terms of eligibility, Monevis requires users to be at least 18 years old. This age requirement is in place to ensure adherence to regulatory standards and to promote responsible trading practices across its platform. Monevis thanks its users for their understanding and compliance with this policy.

Unlocking the Challenges at Monevis Funding

Monevis Funding presents a set of unique challenges designed to cater to various types of traders. From the ambitious sharp edge trader to those favoring a more stable path, Monevis has structured its challenges to align with diverse trading strategies and goals. Here’s an overview of what traders can expect when embarking on these challenges.

1-Step Sharp Edge Challenge: Tailored for Versatility

The 1-Step Sharp Edge Challenge by Monevis is devised to suit nearly all types of traders, offering a comprehensive platform to showcase trading prowess. The challenge comes with a 9% profit target, a maximum trailing drawdown of 6%, and a daily drawdown limit of 3%. Participants must also adhere to specific trading rules, such as a minimum of 4 trading days, the prohibition of weekend holding, and the allowance of Expert Advisors (EAs). Notably, all payouts are processed 14 days following the initial trade.

2-Step Sharp Edge Challenge: A Phased Approach

The 2-Step Sharp Edge Challenge introduces a phased journey towards trading success, with phase one requiring an 8% profit target and phase two a 5% profit target. This challenge maintains a trailing maximum drawdown of 8% and a daily drawdown limit of 5% for both phases. Similar to the 1-step challenge, the 2-step version upholds the same trading regulations, ensuring a consistent and fair trading environment.

2-Step Stable Path Challenge: For the Calculated Trader

The Stable Path Challenge is ideal for traders seeking a more calculated approach to their trading journey. With a two-phase structure, traders aim for a 7% profit target in the first phase and a 6% profit target in the second, all the while managing a static maximum drawdown of 8% and a daily drawdown limit of 5%. Unique to this challenge, weekend holding and news trading are permitted, offering flexibility to strategic traders.

Each challenge meticulously outlines its rules, including the types of drawdowns, leverage options, and specific allowances such as the use of EAs and trading on news events. By providing clear guidelines and diverse challenge options, Monevis Funding ensures traders can find a pathway that best suits their trading style and objectives.

Understanding the General Trading Rules at Monevis Funding

Monevis Funding provides a comprehensive set of trading rules designed to cater to diverse trading strategies while ensuring a fair and secure trading environment. Below is an overview of Monevis’s key trading policies.

Martingale Strategy: A Flexible Approach

Monevis allows the use of the Martingale strategy across all account phases, offering traders the liberty to employ a variety of trading strategies that align with their risk tolerance and trading preferences. This flexibility underscores Monevis’s commitment to supporting traders in maximizing their trading potential.

Account Merging: Streamlined Management

Traders at Monevis can merge their accounts under certain conditions, such as being in the live phase and having accounts without any trades. This option, limited to a total balance of up to 500K, offers unparalleled convenience and flexibility in managing trading activities.

Stop Loss Orders: Recommended But Not Required

While not mandatory, Monevis strongly recommends the use of stop loss orders as a crucial risk management tool. This practice helps traders manage potential losses effectively, protecting their investments from significant market fluctuations.

Account Activity: Keeping Your Account Active

Accounts at Monevis are subject to inactivity rules, with accounts deemed inactive if no trades are made within a 30-day period. Traders are encouraged to notify Monevis if they plan to pause their trading activities, ensuring their accounts remain in good standing.

Scalping and News Trading: Strategy-Specific Allowances

Monevis permits scalping across all stages of trading, providing traders with the flexibility to utilize quick, short-term trading strategies. However, news trading is exclusively allowed with Stable Path accounts, which offer lower leverage to mitigate risks associated with trading around major news events.

High-Frequency Trading (HFT): Ensuring Fair Play

In the interest of maintaining a fair trading environment, Monevis does not permit High-Frequency Trading (HFT) on its platform. This policy ensures that all traders have an equal opportunity to succeed based on their trading skills and strategies.

Weekend Trading: Guidelines for Holding Positions

Weekend holding of positions is allowed only with Stable Path accounts, reflecting Monevis’s dedication to risk management and capital protection. This rule is designed to help traders navigate market volatility safely. By adhering to these guidelines, traders at Monevis can navigate the trading landscape effectively, leveraging the platform’s resources and support to achieve their trading objectives.

Frequently Asked Questions at Monevis Funding

Monevis Funding provides a range of flexible and secure payment methods, withdrawal policies, and other important operational details to ensure a seamless trading experience. Here’s a detailed overview of the general FAQs concerning Monevis Funding.

Payment Methods: Flexibility and Security

At Monevis Funding, traders can take advantage of various payment options for convenience and efficiency. Cryptocurrency payments are accepted, including popular currencies like Bitcoin, Ethereum, Solana, Litecoin, TRON, USD Coin, and Tether. For those preferring traditional methods, major credit and debit cards are also supported. It’s crucial to ensure accuracy in cryptocurrency transactions to prevent any loss of funds.

Account Activation: Instant Access

Upon purchasing a Monevis account, traders can expect instant access, although the exact timing may vary based on the chosen payment method. Cryptocurrency transactions, for instance, are processed immediately upon blockchain confirmation, providing quick and easy account setup.

Payouts Policy: Timely and Reliable

Monevis’s withdrawal policy is designed for efficiency, allowing traders to request funds from their live accounts every 14 days. Payouts are facilitated through trusted providers like Riseworks, ensuring both security and convenience for traders.

Profit Split: Generous and Scalable

Traders enjoy a starting profit split of 75% at Monevis, with the opportunity to increase this to 80% upon account purchase and potentially up to 90% depending on account performance. This system rewards successful traders with a higher share of their earnings.

Withdrawal Methods: Streamlined Processes

Currently, withdrawals are processed exclusively through Riseworks, with Monevis actively working to expand its payout options. Traders are guided through a straightforward process to request and receive their payouts, ensuring a smooth transaction experience.

Unsupported Countries and Minimum Withdrawal

It’s important to note the list of countries unsupported by Riseworks and the minimum withdrawal amount of $50 for challenges and affiliates. This information is critical for traders considering their payout options and eligibility.

Withdrawal Processing Time: Prompt and Efficient

Monevis strives to process payouts quickly, typically within the same business day, though some may take up to 72 hours. This commitment to prompt service highlights Monevis’s dedication to its traders’ satisfaction.

Refund Policy: Fair and Transparent

Monevis offers refunds within a 14-day period, provided no trades have been executed on the account. This policy reflects Monevis’s understanding and flexibility, catering to the needs of its traders. These FAQs are designed to address key aspects of trading with Monevis Funding, offering clarity and support to ensure a positive trading experience. For more detailed information or assistance, the Monevis support team is readily available to help.

Final Thoughts on Monevis Funding

In concluding this comprehensive review of Monevis Funding, it’s clear that the platform stands out as a significant player in the proprietary trading firm space. Offering an array of trading challenges, flexible account options, and a supportive trading environment, Monevis Funding caters to a wide range of traders, from novices seeking to embark on their trading journey to seasoned professionals aiming to expand their trading capabilities.

The platform’s commitment to flexibility is evident in its acceptance of various payment methods, including cryptocurrency, and its generous profit split ratio, which scales up to 90% based on trader performance. Moreover, the instant account activation process and the straightforward, reliable payouts policy further enhance the trading experience, providing traders with the efficiency and security they need to focus on their trading strategies. Monevis’s trading rules and requirements demonstrate a balanced approach to risk management and trading freedom, allowing for the use of different strategies, including scalping and the Martingale system, while ensuring a fair trading environment.

The platform’s specific guidelines on trading practices, such as the allowance of news trading with Stable Path accounts and the prohibition of high-frequency trading, underscore its commitment to protecting trader interests and maintaining market integrity. While Monevis Funding offers many advantages, prospective traders should carefully consider the platform’s rules, particularly around account inactivity and trading strategy restrictions, to ensure it aligns with their trading style and goals.

The emphasis on security, demonstrated through the KYC process and the detailed guidelines for cryptocurrency payments, reflects Monevis Funding’s dedication to providing a safe and transparent trading environment. In summary, Monevis Funding is a compelling option for traders looking for a proprietary trading firm that offers a blend of flexibility, security, and support. With its trader-centric policies, range of account types, and clear commitment to facilitating a productive trading environment, Monevis Funding is poised to continue its growth and success in the prop trading industry.