Navigating the intricate world of online trading can be a daunting task!
But, fret not! Instead, say hello to Monevis!
It’s a platform that promises to revolutionize your trading experience!!!
But is it truly a game-changer, or just another player in the crowded market?
In this comprehensive Monevis review, we'll dive deep into the heart of this trading platform, dissecting every aspect to uncover its strengths, weaknesses, and unique selling points.
From user-friendliness and the excellent MT5 platform to customer support and regulatory compliance, no stone will be left unturned!
This review will equip you with the knowledge you need to make an informed decision about whether Monevis is the right fit for your investment journey.
So buckle up, and let's explore the ins and outs of this intriguing trading platform together!
〽 Monevis Review | Uncovered 〽
Monevis is an intriguing proprietary trading firm that has been making waves in the online trading world. Founded and led by CEO Miloš Mošovský, this company is headquartered in the Seychelles, with a registered office located on the Ground Floor, The Sotheby Building, Sotheby Road, Victoria, Mahe.
What sets Monevis apart is its innovative approach to trading. They offer traders the opportunity to trade with the firm's capital, providing significant leverage and access to advanced trading tools. This unique model allows traders to potentially earn substantial profits without risking their own funds.
One of the standout features of Monevis is its use of the MetaTrader 5 (MT5) platform, for which it holds their own MetaQuotes license. This ensures complete control over their trading infrastructure, prioritizing reliability and security for their clients.
Under Mošovský's leadership, Monevis has garnered attention for its attractive profit-sharing model, offering traders up to 90% of the profits generated through successful trading. The firm also boasts a streamlined withdrawal process, aiming to pay out traders promptly, often within the same business day.
With its cutting-edge technology, experienced team, and trader-centric policies, Monevis is positioning itself as a formidable player in the proprietary trading arena, attracting traders seeking a unique and potentially lucrative opportunity.
| Key Information | Details |
|---|---|
| CEO | Miloš Mošovský |
| Key features | Proprietary Trading Opportunity, Profit-Sharing Model, Safe Withdrawal, Prompt Payouts |
| Trading Platform | MetaTrader5 and CTrader |
| Payout Split | 90% |
| First Payout | 24 hours |
| Subsequent Payouts | 14 days |
| Daily Drawdown | 3-5% |
| Headquarters | Seychelles |
| Expert Advisors | Allowed |
| Max Funding | $200,000 |
| Funding Programs | 1 Step Sharp Edge Challenge, 2 Step Sharp Edge Challenge, 2 Step Stable Path Challenge |
| Leverage | 1:100 |
| Weekend Holding | Allowed in 2 Step Stable Path Challenge |
| Contact | Email: support@monevis.com |
Monevis Key Features
- Proprietary Trading Opportunity
Monevis offers traders the chance to trade with the firm's capital, without needing to use their own funds. This proprietary trading model provides significant leverage and access to advanced trading tools.
- Profit-Sharing Model
Monevis has an attractive profit-sharing model where successful traders can earn up to 90% of the profits generated through their trading.
- Safe Withdrawal Feature
Monevis offers a “safe withdrawal” feature that allows traders to protect their profits. They can set a minimum account balance, and if it falls below that, Monevis will automatically close positions and withdraw funds to a secure account. This helps avoid emotional decision-making during market volatility.
- Prompt Payouts
Monevis claims to provide automated payout systems that ensure traders receive their profits quickly and hassle-free, often within the same business day.
Monevis Pros and Cons
Pros
Cons
Monevis Funding Programs
Monevis offers two funding options: 1-Step Sharp Edge Challenge, 2-Step Sharp Edge Challenge, and 2-Step Stable Path Challenge.
| Features | 1-Step Sharp Edge Challenge | 2-Step Sharp Edge Challenge | 2-Step Stable Path Challenge |
|---|---|---|---|
| Leverage | 1:100 | 1:100 | 1:30 |
| Profit Target | 9% | 8/5% | 7/6% |
| Max Daily Loss | 3% | 5% | 5% |
| Max Total Drawdown | 6% | 8% | 8% |
| Minimum Trading Days | 4 | 4 | 4 |
| EAs | Allowed | Allowed | Allowed |
| News | Not Allowed | Not Allowed | Allowed |
| Weekend Holding | Not Allowed | Not Allowed | Allowed |
1. 1-Step Sharp Edge Challenge:
This challenge is tailored for aggressive traders seeking high leverage and the potential for substantial profits. The 1-Step Sharp Edge program provides traders with a funded account after passing a single evaluation phase. Successful traders are granted access to high-leverage accounts, allowing them to capitalize on their skills and risk tolerance. 1-Step Sharp Edge Challenge comes with 1:100 leverage, 9% Profit Target, 3% Max Daily Loss, 6% Max Total Drawdown, and 4 minimum Trading Days.
| Account Size | Price |
|---|---|
| $5,000 | $67 |
| $10,000 | $117 |
| $25,000 | $227 |
| $50,000 | $337 |
| $100,000 | $567 |
| $200,000 | $997 |
2. 2-Step Sharp Edge Challenge:
Similar to the 1-Step variant, the 2-Step Sharp Edge Challenge is geared towards traders comfortable with higher risk. However, this program involves a two-phase evaluation process, with an initial 30-day evaluation period followed by a 60-day live trading phase. Traders who excel in both phases are rewarded with a funded Sharp Edge account, enabling them to trade with increased leverage and profit potential. 2-Step Sharp Edge Challenge comes with 1:100 leverage, 8/5% Profit Target, 5% Max Daily Loss, 8% Max Total Drawdown, and 4 minimum Trading Days.
| Account Size | Price |
|---|---|
| $5,000 | $47 |
| $10,000 | $97 |
| $25,000 | $207 |
| $50,000 | $317 |
| $100,000 | $537 |
| $200,000 | $997 |
3. 2-Step Stable Path Challenge:
For traders seeking a more balanced approach, Monevis offers the 2-Step Stable Path Challenge. This program follows the same two-phase evaluation process as the Sharp Edge variant but with a focus on lower leverage and risk management. Successful traders are granted access to Stable Path accounts, which prioritize consistent returns over high-risk, high-reward strategies. The 2-Step Stable Path Challenge comes with 1:30 leverage, 7/6% Profit Target, 5% Max Daily Loss, 8% Max Total Drawdown, and 4 minimum Trading Days.
| Account Size | Price |
|---|---|
| $5,000 | $47 |
| $10,000 | $97 |
| $25,000 | $207 |
| $50,000 | $317 |
| $100,000 | $537 |
| $200,000 | $997 |
Monevis MT5 Platform
What sets MT5 apart is its advanced features and capabilities that cater to the needs of modern traders. From improved charting tools and advanced order types to support for more asset classes and programming languages, MT5 provides a comprehensive trading experience.
But what truly sets Monevis apart is their unique approach to MT5. Unlike most firms that rely on third-party providers, Monevis holds its own MetaQuotes license, giving it complete control over its trading infrastructure. This proprietary setup ensures reliability, security, and customization options tailored to the specific needs of Monevis traders.
By offering MT5 as their trading platform, Monevis demonstrates a commitment to providing traders with cutting-edge tools and resources. Whether you're a seasoned professional or a newcomer to the world of trading, MT5's user-friendly interface and advanced features can help you navigate the markets with confidence and precision.
In an industry where trading platforms can make or break a trader's success, Monevis' decision to embrace MT5 sets them apart as a forward-thinking firm dedicated to empowering traders with the best possible tools and resources.
Monevis Profit Splits and Payouts
Monevis starts traders at an attractive 80% profit split, meaning you keep 80% of the profits you generate. However, as you prove your trading prowess, Monevis offers the opportunity to scale up to an impressive 90% profit split. This generous split is one of the highest in the proprietary trading industry, ensuring you reap the rewards of your hard work and skills.
Withdrawing your well-deserved profits is a seamless experience with Monevis. Traders can request withdrawals every 14 days, and Monevis prides itself on processing payouts promptly, often within the same business day. No more waiting endlessly for your funds – Monevis understands the importance of timely payouts for its traders.
Monevis' commitment to transparency extends to their payout policies as well. All terms and conditions are clearly outlined, ensuring you know exactly what to expect when it comes to profit splits and payouts.
With its attractive profit-sharing model and efficient payout process, Monevis aims to create a rewarding environment for skilled traders, allowing them to maximize their earning potential while enjoying the benefits of trading with the firm's capital.
When it comes to trading platforms, Monevis stands out from the crowd by offering traders the powerful and versatile MetaTrader 5 (MT5) platform. While many proprietary trading firms stick to the industry-standard MetaTrader 4 (MT4), Monevis has taken a bold step forward by embracing the latest iteration of this popular trading software.
Monevis Exceptional Customer Support
At Monevis, providing exceptional customer support is a top priority. The firm understands that trading can be a complex and demanding endeavor, and having reliable assistance at your fingertips can make all the difference.
Monevis offers a dedicated support team that is available to address any queries or concerns you may have. Whether you're a seasoned trader or just starting your journey, their knowledgeable staff is ready to guide you through the process, offering insights and solutions tailored to your specific needs.
In addition to direct support channels, Monevis fosters a thriving business community where traders can connect, share knowledge, and gain valuable support from their peers. This collaborative environment encourages the exchange of ideas, strategies, and best practices, empowering traders to learn from one another and grow together.
To ensure a seamless support experience, Monevis provides multiple channels for assistance, as outlined in the following table:
| Support Channel | Description |
|---|---|
| Live Chat | Instant access to support agents for real-time assistance |
| Email Support | Submit inquiries and receive prompt responses from the support team at support@monevis.com |
| Phone Support | Speak directly with a representative for personalized guidance 2023-00569 |
| Knowledge Base | Comprehensive collection of articles, tutorials, and FAQs |
| Community Forums | Engage with fellow traders, share insights, and seek advice like Discord |
How to Sign Up for Monevis? Step-by-Step Guide
- Visit the Monevis website: Go to https://monevis.com/en and click on the “Sign Up” or “Register” button.
- Complete the registration form: Fill out the registration form with your personal details such as name, and email address, and create a secure password.
- Verify your email: After submitting the registration form, you will receive a verification email from Monevis. Click on the verification link in the email to activate your account.
- Log in to your account: Once your email is verified, you can log in to your Monevis account using the credentials you provided during registration.
- Complete your profile: After logging in, you may be prompted to complete your trader profile by providing additional information such as your trading experience, strategy, and risk tolerance.
- Choose a trading challenge: Monevis offers various trading challenges with specific conditions and time limits. Select the challenge that best suits your trading goals and skills.
- Create a MetaTrader 5 account: Through your personalized Monevis platform, you can create and manage your MetaTrader 5 (MT5) account, which is the trading platform you will use for the challenge.
- Start the evaluation process: Once you have set up your MT5 account, you can begin the evaluation process, which typically involves a 30-day evaluation period followed by a 60-day live trading phase.
- Monitor your progress: Use the Monevis platform to track your daily profit and loss (P/L), analyze your account history, and stay updated on your challenge progress.
- Earn a funded account: If you successfully meet the profit targets and demonstrate proper risk management during the evaluation process, you may be eligible to receive a funded account from Monevis, with account sizes ranging from $5,000 to $2 million.
Monevis’s Comparison with Other Prop Firms
Are you wondering how Monevis compares to other Prop Firms?! Let’s find out! Take a look at the table below!
| Features | Monevis | FundedElite | Smart Prop Trader | Blue Guardian |
|---|---|---|---|---|
| Trustpilot Rating | 4.0/5 | 4.6/5 | 4.7/5 | 4.8/5 |
| Max Funding | $200,000 | $200,000 | $100,000 | $200,000 |
| Profit Split | Upto 90% | Upto 80% | Upto 90% | Upto 85% |
| Trading Instrument | – | Forex, Currencies, Indices, Metals, Energies, and Cryptocurrencies | Forex, Commodities, Indices, and Cryptocurrencies | Forex, commodities, indices, stocks, and cryptocurrencies |
| Platforms and Tools | MetaTrader5 | MetaTrader5 and CTrader | DXTrade | MetaTrader4 and MetaTrader5 |
FAQs on Monevis Review
Does Monevis offer mobile trading?
Yes, Monevis provides mobile trading options, allowing traders to access the MT5 platform and trade on the go.
Does Monevis offer risk management tools?
Yes, Monevis emphasizes the use of stop-loss orders and provides a “safe withdrawal” feature to protect traders' profits during market volatility.
How often can traders request withdrawals?
Traders can request withdrawals every 14 days, and Monevis aims to process payouts promptly, often within the same business day.
Are there any fees or charges at Monevis?
There is a one-time account activation fee, but it is refundable if certain targets are met.
What trading strategies are allowed at Monevis?
Monevis allows strategies like scalping and Martingale but prohibits high-frequency trading (HFT) to ensure fairness among traders.
Does Monevis have a trading community?
Yes, Monevis provides a thriving business community where traders can connect, share knowledge, and gain valuable support.
How can I sign up for Monevis?
You can sign up for Monevis by visiting their website, completing the registration form, verifying your email, and choosing a trading challenge to participate in.
Let’s Sum it up
Monevis presents an exciting opportunity for skilled traders seeking to take their careers to new heights!
With its innovative proprietary trading model, cutting-edge MetaTrader 5 platform, and commitment to transparency, Monevis offers a unique and potentially lucrative path forward.
However, this opportunity is not for the faint of heart!
Monevis demands discipline, focus, and consistent profitability from its traders!!!
The rigorous evaluation process and strict rules are designed to identify the cream of the crop – those who possess the skills and mindset to thrive in the world of trading!
If you believe you have what it takes to excel in this challenging environment, then it's time to take action.
Visit the Monevis website, explore their offerings, and embark on the journey to become a successful proprietary trader!
With the right mindset and dedication, you could be the next trader to earn the privilege of trading with Monevis' capital and reaping the rewards of your hard work and expertise!!!
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