Monevis: Your Next Favorite Prop Trading Firm?
Monevis has recently joined the prop trading market, attracting attention with its offering and innovative approach. Located in Bratislava, Slovenia, Monevis stands out as a newcomer worth exploring. Let’s discover what Monevis brings to the table for traders.
What Makes Monevis Stand Out?
The prop firm prides itself on utilizing cutting-edge technology to offer traders low spreads, fast trade execution, and an excellent overall trading experience. The firm provides flexibility through its use of MetaTrader 5 (MT5) and mobile trading options, allowing traders to operate seamlessly from anywhere.
Notably, Monevis operates MT5 under its own license, which means the firm maintains complete control over its trading infrastructure. This ensures higher reliability and security. Unlike third-party brokerages, owning its license allows the firm to avoid risks associated with license loss.
Monevis Key Offerings and Challenges
To earn the title of Funded Trader and gain access to a chosen capital amount at Monevis, traders must first complete a challenge. Monevis offers two types of challenges: the 1-step and the 2-step, with capital balances ranging from $5,000 to $200,000.
The cost of participating in one of these challenges starts at $47 and can go up to $997. Traders can choose their profit split, starting at 75% and potentially scaling up to 90% depending on the challenge and subsequent performance.
Traders have the option to choose between one 1-step challenge known as the “1-step Sharp Edge” and two 2-step challenges: “2-step Sharp Edge” and “2-step Stable Path.” Detailed information about each challenge can be found here.
Payments and Withdraws
Monevis supports a variety of payment methods to accommodate the preferences of its traders. The firm accepts popular cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Litecoin (LTC), TRON, USD Coin (USDC), and Tether (USDT), allowing for flexible transaction options. Additionally, traders can make payments can be made using major credit and debit cards for added convenience.
Regarding payouts, Monevis offers a flexible approach: the first payout can be requested on demand, while all subsequent payouts are processed biweekly, every 14 days, across all challenges.
Monevis also offers a 14-day refund policy, providing traders the opportunity to reconsider their decision. However, it is crucial to note that to qualify for a refund, no trades should have been executed on the account during this period.
Monevis Partner Program
For those interested in spreading the word about Monevis, there’s a lucrative Partner Program. This program is designed with a tiered payment model, allowing participants to maximize their earnings based on the number of traders they successfully refer.
Payment Model:
- 10% Commission: Earn a 10% commission for each referral.
- 200 Recommendations: When you reach 200 referrals, the commission rate increases to 17%.
- 500 Recommendations: For those who can refer 500 traders, the commission rate further escalates to 22%.
This structured approach not only incentivizes existing traders to promote Monevis but also rewards them progressively as they contribute more to the growth of the Monevis trading community.
Looking Ahead
As Monevis continues to expand its services in the prop trading industry, the opportunities for traders and affiliates alike are promising. We encourage you to visit the Monevis Funding website to learn more about its unique offerings and discover if it’s the right platform for your trading needs!
