Monevis Prop Firm Review – What You Need to Know in 2025
Monevis, founded in 2024 and headquartered in Bratislava, Slovakia, with operations in Saint Lucia, is a proprietary trading firm led by CEO Miloš Mošovský. Offering virtual funded accounts from $5,000 to $100,000, scalable to $1 million, it provides profit splits up to 90% and supports trading in forex, indices, commodities, and cryptocurrencies. Monevis is praised for its MetaTrader 5 (MT5) platform.
Monevis Best suited for:
- Beginners: Low fees starting at $32 and straightforward two-step evaluations.
- Intermediate traders: Flexible rules and access to MT5 with minimal slippage.
- Experienced traders: High profit splits and scaling opportunities.
- Scalpers and algorithmic traders: Supports Expert Advisors (EAs) and news trading with favorable conditions.
Pros & Cons of Monevis
Pros
High Profit Splits: 75% default, up to 90% based on performance, with 10% from challenge profits.- Low Fees: Challenges start at $32 for a $5,000 account, refunded with first payout.
- No Time Limits: Unlimited trading days for evaluations, reducing pressure.
- Fast Payouts: Processed within 1-24 hours, often under 2 hours, via Riseworks.
- Own MT5 Servers: MetaQuotes license ensures platform stability and low slippage.
- Transparent Rules: Clear profit targets and drawdown limits, with no hidden restrictions.
Cons
Weekend trading not available on most accounts:- Payout timelines may vary based on verification speed:
How Does Monevis Work? (Step-by-Step Guide)
- Choose an account size & challenge type: Select $5,000-$100,000 with a two-step evaluation.
- Pass the evaluation: Achieve 7% profit in phase one, 5% in phase two, within drawdown limits.
- Get funded: Trade a demo account with real profit potential via Monevis Brokers Ltd.
- Profit splits & payouts: Keep 75%-90% of profits, paid bi-weekly or on-demand within 24 hours.
Monevis Account Types & Funding Options
- Account sizes: $5,000, $10,000, $25,000, $50,000, $100,000, scalable to $1 million. Funding models: o Two-Step Evaluation: 7% then 5% profit targets, 5% daily/10% max drawdown. Profit splits: 75% default, up to 90% with performance or add-on. Challenge fees: $32-$449, refunded with first payout
- discounts via Monevis Coins on Discord.:
Profit Targets & Payouts
- Profit targets: 7% in phase one, 5% in phase two
- no targets in funded accounts.
- Payouts: Via bank transfer, credit/debit cards, or crypto (Bitcoin, Ethereum, Solana), minimum $50, processed in 1-24 hours.
- Payout frequency: Bi-weekly standard, on-demand with add-on, via Riseworks.
- Maximum drawdown: 10% overall, static.
- Daily drawdown limit: 5% of starting balance, reset daily.
- Comparison: Monevis’ 90% split matches FTMO but is lower than The 5%ers (100%)
- its 1-24 hour payouts are faster than The 5%ers’ bi-weekly schedule but align with Instant Funding’s 24-hour model.
Leverage & Trading Conditions
- Leverage: Up to 1:100 for forex, 1:50 for indices, 1:20 for commodities, 1:10 for crypto.
- Lot size restrictions: None, but must adhere to drawdown and risk rules.
Allowed & Restricted Trading Strategies
Allowed Trading Strategies
- Scalping: Short-term trades on small price movements.
- Swing Trading: Holding positions for days or weeks.
- News Trading: Permitted under specific conditions (e.g., no trading 2 minutes before/after high-impact news in some accounts).
- Overnight/Weekend Trading: Allowed with swap-free options.
- Expert Advisors (EAs): Supported, provided they avoid prohibited strategies.
Restricted Trading Strategies
- Arbitrage Trading: Exploiting price discrepancies or glitches.
- High-Frequency Trading (HFT): Ultra-fast trades measured in seconds.
- Hedging Across Accounts: Coordinating trades between accounts.
- Inconsistent Trading: Vague rule cited in payout denials
- such as erratic lot sizes.
- Exploiting Platform Errors: Taking advantage of glitches or delays.
How Long Does It Take to Get Funded by Monevis?
- Challenge duration: Unlimited, with no minimum trading days required.
- Evaluation speed: Two-step evaluation typically takes 1-4 weeks, with funding within 24-48 hours post-KYC via Sumsub.
- User experiences: Traders praise fast funding and minimal slippage, but some report payout denials for technical breaches.
How Long Has Monevis Been Around?
Monevis has been operating since 2024, with over $30 million in payouts to traders. Its 4.5/5 Trustpilot rating reflects positive sentiment, but a March 2025 review purge of fake reviews raises concerns about credibility. Compared to The 5%ers (since 2016) or FTMO (since 2014), its short history suggests caution.
Who Owns Monevis? (Founder & Company Background)
Founder(s): Miloš Mošovský, a trading industry veteran. Company headquarters: Bratislava, Slovakia (Monevis s.r.o., Company Number: 55215921), operations in Saint Lucia (Monevis Brokers Ltd., Company Number: 2023-00569). Mission & vision: To provide traders with a secure, transparent platform using cutting-edge MT5 technology, prioritizing regulatory compliance and fast payouts. Regulatory status: Unregulated as a prop firm, partners with regulated brokers and operates own MT5 servers under a MetaQuotes license.
What Can You Trade with Monevis? (Supported Markets & Assets)
Markets offered: Forex, indices, commodities, cryptocurrencies. Forex pairs: Major, minor, and exotic pairs (e.g., EUR/USD, USD/JPY). Indices & commodities: S&P 500, NASDAQ, gold, silver, oil. Crypto trading: Bitcoin, Ethereum, and select altcoins. Restrictions: No HFT, arbitrage, or inconsistent trading, specific news trading limits in some accounts.
Does Monevis Offer Education & Trader Support? (Learning Resources & Coaching)
Limited, only FAQs and basic blog posts, no webinars or courses. Trader development: Real-time performance analytics via dashboard, but no formal coaching. Coaching programs: None, relies on community and support team guidance. Community & networking: Active Discord with 10,000+ members for strategy sharing and payout proofs, praised for engagement.
How Good is Monevis’s Customer Support? (Response Time & Availability)
Support channels: Live chat, email, Discord, available 24/7. Response times: Typically within minutes, with CEO Miloš Mošovský noted for responsiveness. Operating hours: 24/7 support, though some delays reported during peak times. ? Trader feedback: Positive for fast KYC and technical assistance, negative for evasive responses on payout issues or spread inquiries.
Is Monevis a Scam or a Legit Prop Firm?
Monevis is a legitimate prop firm, verified by registrations in Slovakia (Monevis s.r.o., 55215921) and Saint Lucia (Monevis Brokers Ltd., 2023-00569), a 4.5/5 Trustpilot rating from 1,500+ reviews, and over $30 million in payouts. Its own MT5 servers and partnership with regulated brokers enhance credibility. However, concerns include payout denials for vague reasons like “inconsistent trading” or VPN use, a Trustpilot review purge for fake reviews in March 2025, and occasional delays (up to 24 hours). Social media posts praise fast payouts (some in under 2 hours) but warn of technical denials and spread costs. Compared to FTMO or The 5%ers, Monevis is newer and riskier but appealing for low-cost entry.
Alternatives to Monevis – How It Compares
- FTMO: Higher trust score (4.9/5), 90% split, but stricter rules and no instant funding. The 5%ers: Up to 100% split, no crypto, excludes US traders, and more established (since 2016). FundedNext: 95% split, 15% challenge profits.
Final Verdict – Should You Trade with Monevis?
Monevis is ideal for traders seeking low-cost challenges (starting at $32), high profit splits (up to 90%), and a stable MT5 platform with minimal slippage. Its no-time-limit evaluations, crypto trading, and fast payouts (often under 2 hours) make it appealing, supported by an active Discord community and CEO engagement. However, its short history since 2024, unregulated status, payout denials for technical breaches, and Trustpilot review concerns raise red flags compared to FTMO or The 5%ers. Traders should research recent feedback, start with smaller accounts, and ensure compliance with rules to mitigate risks in 2025, balancing Monevis’ affordability and technology against potential payout issues.
