Company Information

• Company Name: Monevis
• Company Legal Name: Monevis s.r.o.
• Company Registration No.: 55215921
• Country of Registration: Saint Lucia
• CEO Name: Milos

Challenge Details

Monevis offers a Two Phase Challenge. Here are the details :-

Pricing:

• $5,000 Account: $49
• $10,000 Account: $80
• $25,000 Account: $190
• $50,000 Account: $340
• $100,000 Account: $507

Rules:

• Profit Target (Phase 1): 10%
• Profit Target (Phase 2): 5%
• Total Loss (Drawdown): 10%
• Daily Loss (Max Daily Drawdown): 5%
• Profit Share: 75%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: Not mentioned
• Max Lot Size: Not mentioned
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Min Trading Days: 5 Days

Scaling Plan

Monevis allows traders to scale up their accounts up to $2,000,000. To be eligible, Traders will have to make at least 4 successful payouts in which each payout must have at least 5% of profit per month. After these conditions are met, the traders' account size will be increased by 25%.

Spreads and News Trading Rules

Spreads:

Monevis has offered a demo spread test account for traders to evaluate the tradeable assets and spread conditions:

• Account Number: 100009
• Password: $Monevis$2024$
• Server: MonevisBrokers-Live (MT5)

News Trading Rules:

Yes, news trading is permitted across all Monevis accounts. However, Monevis has warned traders to be cautious as the news releases lead to high spreads and slippage and it will be trader's responsibility if they bear any loss because of it.

Other Important Rules

Daily Drawdown Calculation:

At Monevis, Daily Drawdown is calculated based on the end-of-day closing balance. This drawdown resets every day at 23:05 CET. The drawdown limits can also increase and decrease based on their closing balance.

Countries Banned from Purchasing:

Monevis does not offer services to traders in the following countries:

• Afghanistan
• Central African Republic
• Congo (Brazzaville)
• Congo (Kinshasa)
• Crimea
• Donetsk
• Cuba
• Guinea-Bissau
• Iran
• Iraq
• North Korea
• Libya
• Luhansk
• Mali
• Russian Federation
• Somalia
• South Sudan
• Sudan
• Syria
• United States
• Venezuela
• Yemen

Prohibited Trading Strategies:

Here are the list of strategies or activities which are not allowed on Monevis :-

• Trade using any external or slow data feed
• Hedging
• Group Hedging
• Any sort of EA or trading bots
• High Frequency Trading
• Gap Trading
• Overleveraging
• One-Sided bets
• Account Rolling

Payout Methods

Monevis offers two main payout methods :-

• Rise
• Crypto

IP Rule

Monevis only allow traders to trade in both of their challenge and funded phases from the same IP and geographical location. Any changes can lead to questioning and traders will have to provide proof if they have changed their location. Not being able to provide proof can lead to account suspension.