Monevis Funding Rules include prohibited strategies like scalping (if over 50% of trades last less than 60 seconds), High-Frequency Trading (HFT), reverse trading, and group trading.
Withdrawals can be requested 14 days after the first trade, followed by biweekly withdrawals every 14 days.
Monevis Funding Policy and Rules
As with many platforms, Monevis Funding Prop Firm sets rules for trading; Monevis Funding Rule Cases:
- Account Inactivity
- Holding Over Weekend
- Use of EAs
- Copy Trading
- News Trading
- VPS Rules
- Prohibited Strategies
- Payment Rules
Monevis Funding Account Inactivity
Monevis accounts become inactive and are subject to breach if no trade is taken within 30 days from the challenge purchase.
Monevis Funding Holding Over Weekend
Traders are allowed to hold positions over the weekend in both Monevis Challenge and Funded accounts.
Monevis Funding EAs
The use of Expert Advisors (EAs) is allowed in both Monevis Challenge and Funded accounts.
Monevis Funding Copy Trading
Copy trading is allowed only between the same types of Monevis accounts (challenge-to-challenge or funded-to-funded.)
Copy trading in reversal mode (hedging) between different companies, or from signal providers/Prop Passing services is forbidden.
Monevis Funding News Trading
News trading is allowed with Monevis Challenge accounts; MF News Trading Exception:
- It is not allowed on Funded accounts within 2 minutes before and after specific news releases.
Key Note: No adjustments can be made during high-volatility news events.
Monevis Funding VPS Rules
A VPS is allowed in both evaluation and funded accounts, but irregular IP activity may flag the account, requiring proof of ownership.
- Key point: Provide invoice with your name when requested.
Monevis Funding Prohibited Strategies
Certain strategies are prohibited in Monevis Funding accounts; Forbidden Practices in Monevis Funding:
- Scalping: Allowed, but if over 50% of trades last less than 60 seconds, it may be flagged as tick scalping;
- High-Frequency Trading (HFT): HFT activity will lead to the account being breached and non-tradeable;
- Reverse Trading/Arbitrage Hedging: Risking the full daily loss on one trade often indicates reverse trading or arbitrage hedging, which is prohibited;
- Group Trading: This activity violates Monevis' core principles and will result in account termination.
Monevis Funding Payment Rules
Traders can request the first withdrawal just 14 days after the first trade. Subsequent withdrawals are available biweekly every 14 days.
Key point: All account types are subject to these withdrawal rules.
Writer’s Opinion and Conclusion
Monevis Funding Rules allow traders to hold positions over weekends in both Challenge and Funded accounts, with no restrictions.
Expert Advisors (EAs) are allowed in both account types without limitations. while news trading is restricted for Funded accounts within 2 minutes before and after specific news releases.
To learn more about the platform, check out Monevis Funding Tutorials.
