Monevis Brokers - New MT5 Prop Trading Firm with own MQ License

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Monevis Brokers is the New MT5 Prop Trading Firm with own MQ License and here’s a summary of some key aspects of Monevis Brokers Ltd company:

Core Offerings and Policies:

Proprietary Trading: Monevis extends its capital to traders, allowing them to trade without needing to use their own funds, offering significant leverage and access to advanced trading tools.
MT5 License: Monevis operates its own MetaTrader 5 (MT5) servers with a MetaQuotes license, ensuring control over its trading infrastructure for reliability and security.
Profit Split: Offers a starting profit split of 75% to traders, with the option to scale up to a 90% profit split, rewarding successful trading.
Withdrawal Policy: Traders can request withdrawals every 14 days, with payouts typically processed promptly, often aiming for completion within the same business day.
Account Types: Supports various account types, including Stable Path accounts for lower leverage and balanced trading, especially for news trading and weekend holding.
Trading Strategies: Allows the use of various trading strategies, including scalping and the Martingale system. However, high-frequency trading (HFT) is not permitted to ensure fairness among traders.
Account Management: Offers the possibility of merging accounts under specific conditions and emphasizes the use of stop loss orders as a recommended risk management tool.
Inactivity Policy: Accounts are considered inactive and subject to breach if no trading activity occurs for a period of 30 days, though provisions exist for pausing trading upon request.

Education and Support:

Monevis is committed to empowering traders with support, education, and resources to navigate the markets effectively, fostering an environment conducive to learning and growth.

Trading Environment:

The firm prioritizes creating a secure and equitable trading environment, focusing on risk management and trader success. It employs specific account guidelines to manage risks associated with news trading, weekend holding, and overall trading activities.

Accessibility and Convenience:

Account setup is streamlined, with instant account receipt upon purchase, depending on the payment method’s processing time. Cryptocurrency payments are supported, with account access provided following blockchain confirmation.

Restrictions and Compliance:

Ensures compliance and security through a mandatory Know Your Customer (KYC) process with both Monevis and its payout partners, emphasizing the importance of adhering to regulatory standards.

Monevis showcases a comprehensive approach to proprietary trading, catering to a wide range of traders by balancing opportunity with risk management, offering a supportive and transparent trading ecosystem.