Monevis
Monevis Funding is an innovative proprietary trading firm, offering traders the opportunity to leverage the firm’s capital instead of solely depending on their own. This review provides a detailed look at Monevis, its offerings, and how it stands out in the competitive world of futures prop trading.
Pros
- Supports various payment options, including popular cryptocurrencies and major credit/debit cards
- Profit splits start at 75% and can increase up to 90% based on account performance, rewarding successful traders
- Offers 24/7 customer support to assist with technical issues and trading strategies
- Allows the use of Expert Advisors (EAs), scalping, and news trading under specific conditions
- Clearly defined profit targets and drawdown limits help traders understand the requirements to secure funding
- Commitment to regulatory adherence provides a secure trading environment
- News Trading Allowed
- Diverse Trading Instruments
Cons
- Prohibition of HFT could be a disadvantage for traders who rely on this strategy
- Currently, Monevis does not offer free trials, which might deter potential users from trying the platform risk-free