Mevonis offers traders an exceptional opportunity to enhance their trading skills through the Monevis Challenge, providing access to up to $200,000 in virtual trading capital. Utilizing MetaTrader 5, the world's most popular trading platform, traders benefit from a licensed MT5 environment, ensuring reliability and security. With raw spreads connected to Tier-1 liquidity providers, trades are executed as if in real markets.
Traders can test their strategies on simulated capital through the Monevis Challenge and, upon successful assessment, transition to a funded account with potential real profits. The challenge comprises two phases: Phase 1 requires a 10% profit target, and Phase 2 a 5% target, with a maximum drawdown of 10% and daily drawdown of 5%. The profit split ranges from 75% to 85%, with a minimum of five trading days and no time limit on the challenge duration.
Monevis supports various trading styles, including news trading, weekend holding, scalping, and the use of expert advisors, while prohibiting high-frequency trading to maintain fairness. Payouts are facilitated through cryptocurrency and credit cards, with withdrawals processed biweekly via the partner platform, Rise.
Traders can enjoy seamless trading on any device with the integrated Web Trader, and flexible payment options including major cryptocurrencies and credit cards. Monevis offers a 14-day refund policy, provided no trades have been executed. The challenge fee is refundable upon the first payout after successfully passing all challenge phases.
With a maximum capital allocation of $500,000 per trader, Monevis caters to both novice and seasoned traders. Their commitment to a secure and compliant trading environment ensures traders can focus on honing their skills and achieving financial success.
