Monevis General Rules
Complete Rules
The Profit Target represents the amount of profit you need to reach during a specific Phase of the Challenge.
It is determined based on the profit earned from closed positions, meaning any currently open trades do not count toward the Profit Target.
To advance to Phase 2 and ultimately qualify for the Funded stage, you must close all active positions. For instance, if you achieve a 10% profit in Phase 1, you have successfully met the Profit Target. However, in the next Phase, you will begin again from a fresh starting point.
Our goal is to ensure traders meet profit targets through disciplined and consistent trading. To maintain this standard, we do not allow passing the Challenge through a single oversized trade or by placing multiple trades on the same asset in the same direction if they collectively contribute more than 70% of the Profit Target. Such approaches do not provide enough data to accurately assess your skill and trading consistency, which are key factors in our evaluation process.
To successfully pass the Challenge, you must have at least three (or two for the One Step Challenge) profitable trading days. This rule cannot be bypassed or modified—you are required to trade for a minimum of three days in each phase.
A profitable day is defined as a day in which closed positions generate a positive profit of at least 0.5% of the initial account balance.
If your account remains inactive for 30 consecutive days, it will be closed.
Your Monevis Accounts are deemed inactive and subject to breach if no activity (trade taken) occurs for a period of 30 days. This period starts right after the purchase of the challenge.
We reserve the right to close accounts that engage in minimal trading solely to avoid inactivity penalties. Our platform is designed for traders who show consistent engagement and a well-founded trading approach.
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