Monevis is a prop trading firm that stands out with its flexible account options, generous profit splits, and secure trading environment. Whether you're a novice eager to dive into the trading waters or a seasoned trader looking to expand your strategies, It provides a tailored experience to suit diverse needs. With seamless account setup, secure payment processes, and 24/7 support, They ensure that traders are well-equipped to pursue their financial ambitions confidently and efficiently.
📌 The Monevis Advantage
Monevis is a proprietary trading firm that offers traders the opportunity to access substantial capital and advanced trading technology. Founded by CEO Miloš Mošovský, the company is headquartered in the Seychelles, with a registered office on the Ground Floor, The Sotheby Building, Sotheby Road, Victoria, Mahe.
It provides traders with virtual capital of up to $200,000 to trade in the forex market using the MetaTrader 5 (MT5) platform, for which it holds its own MetaQuotes license. The company offers a range of account types and trading challenges designed to suit different trading styles and experience levels.
One of Its' standout features is its generous profit-sharing model, offering traders up to 85% of the profits generated through successful trading. The firm also boasts a streamlined withdrawal process, aiming to pay out traders promptly, often within the same business day.
| Feature | Details |
|---|---|
| Company Name | Monevis |
| CEO | Miloš Mošovský |
| Headquarters | Seychelles |
| Trading Platform | MetaTrader 5 (MT5) |
| Maximum Account Size | $200,000 |
| Profit Split | Up to 85% |
| Minimum Trading Days | 5 |
| Maximum Daily Drawdown | 5% |
| Maximum Total Drawdown | 10% |
| Expert Advisors | Allowed |
| News Trading | Allowed on certain account types |
| Weekend Holding | Allowed on specific account types |
| Customer Support | Email: support@monevis.com |
Proprietary MetaTrader 5 Platform
One of Monevis's key strengths is its use of the MetaTrader 5 (MT5) platform, which they operate under their own MetaQuotes license. This means that It has full control over its trading infrastructure, ensuring a stable and secure environment for its users.
The MT5 platform offers:
Diverse Trading Instruments
It offers a wide array of trading instruments, catering to various trading styles and preferences.
While the exact list of instruments isn't disclosed on their website, prop firms typically offer:
This diversity allows traders to explore different markets and create well-rounded trading strategies.
Account Types and Challenges
Monevis offers a two-step evaluation process for traders to secure funding and obtain a Monevis Account.
Let's break down the available account sizes and their respective requirements:
| Account Size | Phase 1 Profit Target | Phase 2 Profit Target | Max Daily Drawdown | Max Total Drawdown | Minimum Trading Days | Pricing |
|---|---|---|---|---|---|---|
| $10,000 | 10% | 5% | 5% | 10% | 5 | $80 |
| $25,000 | 10% | 5% | 5% | 10% | 5 | $180 |
| $50,000 | 10% | 5% | 5% | 10% | 5 | $297 |
| $100,000 | 10% | 5% | 5% | 10% | 5 | $507 |
| $200,000 | 10% | 5% | 5% | 10% | 5 | $987 |
As you can see, It offers account sizes ranging from $10,000 to $200,000, with consistent profit targets and drawdown limits across all account types. This standardization makes it easier for traders to understand the requirements and scale up their trading as they become more successful.
Challenge Structure
The Monevis challenge consists of two phases:
Both phases have no time limit, allowing traders to take their time and trade consistently without unnecessary pressure. The minimum trading days requirement of 5 ensures that traders demonstrate consistent performance rather than relying on a single lucky trade.
Trader-Friendly Policies
It has implemented several policies that make it an attractive option for traders:
- Unlimited Time
Unlike many other prop firms that impose strict time limits on their challenges, It allows traders unlimited time to complete both phases of the evaluation. This approach reduces stress and allows traders to focus on consistent, sustainable performance rather than taking unnecessary risks to meet tight deadlines.
- News Trading Allowed
Monevis permits news trading, which is a significant advantage for traders who incorporate fundamental analysis and market events into their strategies. Many prop firms restrict or prohibit news trading, so this policy sets Monevis apart.
- Weekend Holding
Traders are allowed to hold positions over the weekend. This flexibility is particularly beneficial for swing traders and those who trade longer-term strategies.
- Expert Advisors (EAs) Permitted
It supports the use of Expert Advisors, allowing traders to automate their strategies and potentially trade multiple accounts simultaneously.
- No Swaps
Accounts are swap-free, meaning traders don't incur overnight financing charges for holding positions. This can be particularly advantageous for traders who hold positions for extended periods.
Profit Splits and Payouts
It offers competitive profit splits, starting at 75% and potentially increasing up to 90% based on account performance. This incentive structure rewards successful traders and encourages long-term partnerships.
Payout Policy
Traders can request their first withdrawal 14 days after their first trade on live accounts, with subsequent withdrawals available every 14 days (biweekly). This policy applies to all account types and strikes a balance between providing regular access to profits and maintaining account stability.
It has partnered with RISE as its payout provider, ensuring smooth and reliable transactions.
Mostly Asked Queries
What is Monevis?
Why choose Monevis?
What are the Monevis Challenge phases?
Is news trading allowed at Monevis?
What is the maximum allocation per trader at Monevis?
How does the payout policy work at Monevis?
Does Monevis offer free trials?
Can I hold trades over the weekend at Monevis?
📌 The bottom line | Is Monevis Right for You?
Monevis offers an attractive proposition for traders looking to access significant capital and leverage robust technology.
For traders who value flexibility, advanced technology, and the potential for high-profit splits, Monevis presents an exciting opportunity to take their trading to the next level. As always, it's recommended to start with a smaller account size and familiarize yourself with the platform and policies before scaling up your trading.
