Monevis is a prominent player in the prop trading arena, providing traders with the unique opportunity to leverage company capital for trading. For those interested in joining, Monevis offers a 15% discount on its trading challenges with the code “INVEST”, making it easier to access substantial trading capital.
This article covers what Monevis offers, how it stands out from other proprietary trading firms, and why this firm may be the right choice for both novice and experienced traders.
About Monevis
Monevis is an innovative prop trading firm that empowers traders by offering access to substantial capital. This allows traders to trade in various markets, including forex, cryptocurrencies, commodities, and more, without the need for a large personal investment. With Monevis, traders can focus on enhancing their skills and achieving significant returns by tapping into the firm’s capital and resources.
What sets Monevis apart is its commitment to transparency, regulatory adherence, and a secure trading environment. The firm operates its own MetaTrader 5 (MT5) servers, ensuring platform stability and control. This setup eliminates the risks associated with third-party brokers and makes Monevis an attractive option for traders looking for reliability and long-term growth.
Key Features of Monevis
- Diverse Payment Options: Monevis supports various payment methods, including cryptocurrencies and major credit/debit cards.
- Generous Profit Splits: Traders start with a 75% profit split, which can increase up to 90% based on performance.
- 24/7 Customer Support: Assistance is available around the clock for any technical issues or trading-related questions.
- Flexible Trading Strategies: Monevis allows Expert Advisors (EAs), scalping, and news trading under certain conditions.
- Clear Trading Rules: With clearly defined targets and drawdown limits, Monevis helps traders understand what it takes to succeed on the platform.
How to Use the Monevis Discount Code?
For traders eager to get started with Monevis, using the “INVEST” code provides a 15% discount on their initial challenge. Here’s a quick guide to applying the code:
Visit Monevis’s Website: Browse the available trading challenges to determine which one aligns with your goals.
Select a Challenge: Monevis offers options like the 1-Step Sharp Edge Challenge and the 2-Step Stable Path Challenge.
Enter the Code at Checkout: During the payment process, use discount code “INVEST” to receive 15% off.
Complete the Transaction: Once the code is applied, proceed with the purchase and begin trading with Monevis!
Why Choose Monevis?
Monevis offers an array of advantages that make it a preferred choice for traders who seek flexibility, transparency, and growth potential. Here are some reasons why Monevis stands out in the prop trading industry:
Dedicated Platform Control
Monevis operates its own MetaTrader 5 (MT5) servers under a MetaQuotes license, providing a stable and reliable trading environment. This setup allows Monevis to control the platform and eliminate the risks that come with third-party brokerage reliance.
Flexible Account Options
Monevis offers a variety of funded account options to cater to different trading styles and risk tolerances. Traders can choose from several challenges, including the 1-Step Sharp Edge Challenge and the 2-Step Stable Path Challenge, each with unique profit targets, drawdown limits, and trading rules.
Attractive Profit Splits
At Monevis, traders start with a 75% profit split, which can increase based on account performance. This means successful traders are rewarded with a higher share of their profits, providing significant earning potential.
Comprehensive Support and Educational Resources
The Monevis team is available 24/7, providing traders with support and access to educational resources. From trading strategies to technical assistance, Monevis ensures that traders have what they need to succeed.
Monevis Trading Challenges
Monevis offers several trading challenges, allowing traders to choose the one that best fits their goals. Here’s a breakdown of the primary challenges:
1-Step Sharp Edge Challenge
This challenge requires traders to hit a 9% profit target while adhering to a 6% trailing drawdown and a 3% daily drawdown. Traders need to complete at least four trading days, with the option to use Expert Advisors (EAs). Weekend holding is not permitted, ensuring traders focus on weekday market conditions.
2-Step Sharp Edge Challenge
The 2-Step Sharp Edge Challenge takes a phased approach, requiring an 8% profit target in the first phase and a 5% target in the second. B
oth phases have an 8% trailing drawdown and a 5% daily drawdown. This challenge is ideal for traders who want a structured path to funding.
2-Step Stable Path Challenge
For those who prefer a more calculated approach, the 2-Step Stable Path Challenge is designed with a 7% profit target in the first phase and a 6% profit target in the second. This challenge offers more flexibility by allowing news trading and weekend holding, making it suitable for strategic traders looking to diversify their approach.
Supported Trading Instruments
Monevis offers access to a variety of trading instruments across multiple markets. Here’s what traders can explore on the platform:
- Forex: Trade major, minor, and exotic currency pairs.
- Commodities: Engage in trading gold, silver, oil, and other popular commodities.
- Indices: Trade major global indices like the S&P 500, NASDAQ, and FTSE.
- Cryptocurrencies: Access digital assets such as Bitcoin, Ethereum, and more.
- Futures: Trade futures contracts across various asset classes for portfolio diversification.
Trading Rules and Restrictions
To maintain a fair trading environment, Monevis has specific rules and restrictions in place. Here are some of the general guidelines traders should be aware of:
- Martingale Strategy: Permitted across all account phases, allowing traders to adjust positions based on market movements.
- Scalping: Allowed in all stages, providing flexibility for short-term traders.
- News Trading: Permitted only with Stable Path accounts, giving traders the ability to react to market-moving events.
- Weekend Holding: Available with the Stable Path Challenge, which accommodates traders with longer-term strategies.
- High-Frequency Trading (HFT): Not allowed to ensure a level playing field among traders.
Payment Options and Payouts
Monevis provides multiple payment options, including cryptocurrencies and traditional methods like credit/debit cards. This flexibility ensures that traders can choose the method that best suits their needs.
Profit Payouts
Traders can request payouts every 14 days, with reliable payment processing through providers like RiseWorks. The firm’s profit split starts at 75%, rewarding traders based on their performance, with the potential to increase this share up to 90%.
Refund Policy
Monevis offers a 14-day refund policy as long as no trades have been executed on the account, allowing traders a window to reconsider their choice.
Customer Support and Resources
Monevis prioritizes trader support, offering 24/7 assistance through multiple channels. This includes email support and active social media presence on platforms like Instagram, Twitter, and Discord, where traders can connect with the community and stay updated on the latest news.
In addition to support, Monevis provides educational resources that cover trading strategies, market analysis, and platform tutorials. This ensures that traders, regardless of experience level, have access to the knowledge needed to thrive on the platform.
FAQs: Common Questions about Monevis
Can Traders Use Automated Trading?
Yes, Monevis allows Expert Advisors (EAs) and automated trading strategies, though they encourage traders to maintain a balance between automated and manual trading.
What Are the Available Leverage Options?
Leverage varies depending on the chosen challenge, enabling traders to maximize their trading potential while adhering to risk management guidelines.
How Does the Profit Split Work?
Monevis offers a profit split that starts at 75% for traders. Successful traders can increase their profit share, reaching up to 90% based on their performance and account tier.
What Payment Methods Does Monevis Accept?
Monevis accepts cryptocurrency payments, including Bitcoin, Ethereum, Tether, and traditional options like credit/debit cards.
Why Monevis Is a Compelling Choice for Traders
Monevis combines flexibility, transparency, and security to create a supportive trading environment. With the 15% discount code “INVEST”, traders have an accessible path to join a reputable firm, develop their trading skills, and potentially achieve impressive returns.
For traders ready to take the next step, Monevis offers a range of challenges, substantial trading capital, and a generous profit-sharing model. Whether they are just starting or looking to expand their trading capabilities, Monevis provides the tools and support needed for success in the prop trading industry.
Start Your Trading Journey with Monevis Today!
To explore the potential of prop trading with Monevis, visit their website, select a challenge, and apply the “INVEST” discount code to receive 15% off. With access to top-tier trading tools, flexible account options, and a thriving community of traders, Monevis is a great choice for those ready to enhance their trading journey.
