Article overviewing what to expect after completion of a Moneta Funded Challenge. Reviewing the Moneta Funded Trader Agreement, Internal Review Process, as well as our KYC process for Funded traders.
After you have passed all the Trading Objectives, you will see a notification in your Dashboard informing you about your success. Please note that you won't need to trade the account anymore once your Trading Objectives are marked as passed.
Moneta Funded Trader Agreement & KYC
We will be automatically be alerted that you have passed your Moneta Funded Challenge and we will proceed to send you the Trader Agreement as well as provide instructions for our KYC process via Sumsub. Once your identity is verified, we will then send you the new account login credentials for your funded account. Please note that with regard to processing any payouts, a trader must provide a matching account name and email account address that corresponds with completed KYC documentation. Failure to provide matching documentation will result in a trader's account being canceled, the payout request being denied, and a ban of the trader from future use of Moneta Funded's services.
Please also note that if a trader fails our KYC process through our third-party verification platform, Sumsub, in addition to banning the customer from the Moneta Funded platform and preventing them from graduating to a funded account, customers will also not be eligible for a refund of their challenge purchase as per the terms and conditions detailed within our Refund Policy.
Additionally, please note that the above policy means that traders cannot utilize business or corporate Wise or Rise accounts for payouts as the KYC documentation will not match the account credentials connected to the payment platform. That is, traders must setup a personal Wise or Rise account for any payout requests, and they must ensure that their KYC documentation matches the account information tied to their account details on either Wise or Rise platforms.
Moneta Funded Internal Evaluation Process
Once a trader has successfully completed all trading objectives within their challenge, their trading data will be subjected to an internal evaluation process by Moneta Funded's Risk Assessment team. The Risk Assessment team will thoroughly review the trader's trading data to ensure all rules were followed and no prohibited trading strategies were deployed throughout the trader's evaluation process. The internal evaluation process is typically completed within 48 business hours. Upon successfully passing the internal evaluation process, traders will be informed by our Support team and will be provided next steps on receiving their Funded trading account or scaling to the next level of the Phoneix Scaling Program.