Overview
After you have passed all Trading Objectives, a notification will appear in your Dashboard confirming your success. You do not need to continue trading the account once the Trading Objectives are marked as passed.
Moneta Funded Trader Agreement & KYC
Moneta Funded is automatically notified when a trader passes a Challenge. The Trader Agreement and instructions for the KYC process through Sumsub will then be provided. Once identity verification and the required review are completed successfully, new login credentials for the funded account will be issued.
For payout processing, the account name and email address used for the payout must match the information confirmed through KYC.
Identity details must match
Failure to provide matching documentation may result in account cancellation, denial of the payout request and restriction from future use of Moneta Funded services.
If a trader cannot pass KYC through Sumsub, they will not be eligible to graduate to a funded account or receive a refund of the Challenge purchase, subject to the Refund Policy.
Business or corporate accounts cannot be used for payouts when their account information does not match the trader's verified personal details. Traders must use a personal payout account with details that match their completed KYC.
Moneta Funded Internal Evaluation Process
Once a trader has successfully completed all Trading Objectives, the trading data is reviewed by Moneta Funded's Risk Assessment team to confirm that the applicable rules were followed and that no prohibited trading strategies were used during the evaluation.
Funded accounts normally take up to 2 business days to process. This excludes weekends in the waiting time interval.
Additional review may take longer
In some cases, the evaluation process may take longer if additional review is needed, such as a trading/risk review, account-association check, compliance review, or a risk interview before the funded account can be approved.
Communication during a Risk Team review
Cases under Risk Team review may take longer. The Risk Team will contact the trader directly with updates or if additional information is required. The Support team and BDMs do not have visibility into an active Risk Team review and cannot provide a more specific timeframe.
After the internal evaluation is completed successfully, the trader will receive the next steps for receiving the funded trading account or scaling to the next level of the Phoenix Scaling Program.