Monevis Funding prop firm is a financial company that offers funded account challenges ranging from 5,000 to 200,000 USD. The firm has only 40 reviews on Trustpilot, making it difficult to assess trader feedback. This lack of experience in the industry is a red flag for any young prop firm, including Monevis Funding. The firm has competitive fees and offers MT5, but it provides only simulated funded accounts rather than real funds, which is another critical red flag.
In our Monevis Funding review, we will delve into the firm’s critical features and evaluate its safety, rules, assets, funding options, platforms, support, and more.
Pros & cons of Monevis Funding prop firm
Pros
- Ability to withdraw with $0 fees
- Offers access to MetaTrader 5
- Fast and digital account opening/verification
- Most payment options are free and instant
Cons
- Severely lacks safety and legitimacy
- Only one funded account challenge
- High profit target of 10%
- Acts as a broker
- Does not allow to access real funding on live markets (all trading is simulated)
- Lacks trading instrument diversity
- Does not offer educational materials
Quick rating of Monevis Funding and its features
| FPA Score | Not yet rated |
| Year founded | 2024 |
| Headquarters | Gros-Islet, Saint Lucia |
| Minimum audition fee | 43 USD |
| Fees on withdrawals | unknown |
| Minimum funded amount | 5,000 USD |
| Maximum funded amount | 200,000 USD |
| Allowed daily loss | 5% |
| Profit target | 10% |
| Maximum trailing drawdown | 10% |
| Profit sharing (Payouts) | 75% |
| Trading Platforms | MetaTrader 5 |
| Available trading markets | Forex, crypto, metals, indices |
Safety of Monevis Funding – 0
Monevis Funding reviews are non-existent on the FPA, as the firm is a very young entity with very little experience in the prop firm industry. Couple this with the lack of reviews on Trustpilot, and it becomes very difficult to assess trader feedback and define if the firm is legit and reliable. The firm does not disclose any information regarding the broker through which it allows traders to access financial markets. Therefore, we assume the firm acts as a broker when offering a simulated trading environment to its prop traders, which is a red flag.
The firm gets a 0 score in this section for offering little to no safety and legitimacy to its traders.
Monevis Funding Funding and maximum capital allocation – 3
Monevis Funding funded programs consist of only one funded account, which has two phases. This is very unattractive as the firm does not offer diverse options for different types of traders. While good for beginners, two-phase accounts are not as attractive for seasoned traders who just want to show their performance and get funded.
Monevis Funding funding options include funded accounts with funding of 5k, 10k, 25k, 50k, 100k, and 200k amounts.
Monevis Funding challenge has a high profit target of 10% which makes it difficult to hit it in a short time.
Monevis Funding scaling plan is not offered at this time, making it difficult to grow trading accounts without sacrificing profits. In the end, the firm gets a 3 score in this section.
Monevis Funding Assets – 2.5
Monevis Funding prop trading firm only offers access to a limited number of instruments in a limited class of assets such as Forex, metals, indices, and cryptos. There are no other assets offered and commodities only include metals, which is a downside of this firm.
Overall, Monevis Funding receives a 2.5 score in this section for not offering diverse trading assets.
Monevis Funding Trading rules and limitations – 2
Monevis Funding rules are strict as they require traders to hit a 10% profit target with a 5% daily loss limit, and a 10% maximum drawdown. This maximum drawdown is competitive, but the profit target makes it difficult to use to your advantage. The firm allows traders to use EAs or Expert Advisors (automated trading robots). Traders can trade during major economic news events and can hold open positions on weekends.
Monevis Funding Fees – 1.5
Monevis Funding fees are very competitive, starting from 43 USD for the 5k accounts. There are no other account types offered by the firm, and this fee is within the industry average for a 5k funding amount. Other fees for other funding options are:
- Funding amount: 5,000 USD – One-time fee: 43 USD
- 10,000 USD – 87 USD
- 25,000 USD – 187 USD
- 50,000 USD – 287 USD
- 100,000 USD – 487 USD
- 200,000 USD – 887 USD
If the firm had no such issue with safety, these fees would make it competitive in the scene.
Monevis Funding free trial is offered for traders, which enables them to develop strategies and test trading conditions.
Monevis Funding free repeat is not given at the moment and traders will have to still purchase the challenge even after failing in an evaluation process.
Overall, the firm gets a 1.5 score in this section for only offering competitive fees but lacking in other criteria.
Monevis Funding Platforms – 2.4
Monevis Funding prop firm allows its traders to access MetaTrader 5 advanced platform, which is popular among Forex traders. Despite this, the firm is not reliable enough to suggest to anyone. Monevis MT5 offers advanced functionality, custom indicators and EAs (Expert Advisors). There is also a web-based trading platform requiring no further installation like MT5.
Overall, Monevis Funding gets a 2.4 score in this section.
Monevis Funding Profit-Sharing – 1
Monevis Funding profit split is set at 75% and can only be increased by paid upgrades to 80%. This profit-sharing model is average for the prop trading industry, and 75% is a bit lower than what the majority of prop firms offer.
The firm gets a 1 score in this section for offering a mediocre withdrawal policy and 15 days of withdrawal times.
Education and trading tools at Monevis Funding – 0
Monevis Funding falls short in the education department, as the firm does not offer anything for education. There are no webinars or trading courses provided to novice traders. The firm gets a 0 score in this section for not offering educational resources.
Customer Support at Monevis Funding – 2.4
Monevis Funding provides standard support services via live chat and email channels. There is no hotline support offered at the moment, which is a red flag as the firm is shy to disclose its phone number. The website is available in 3 languages, but the support is only in the English language, which is a downside. Overall, Monevis Funding receives a 2.4 score in the support section.
Frequently Asked Questions on Monevis Funding
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