Moneta Funded's 1-Step Challenge is a simplified evaluation process offered that allows traders to prove their skills in a single step. Unlike traditional multi-phase challenges, which might require passing multiple evaluations, hitting sequential profit targets, and enduring longer time frames, this challenge focuses on achieving specified targets within a single phase.
Account Size Offerings:
$5K, $10K, $25K, $50K, and $100K
Program Details:
| Phase 1 | Funded |
Profit Target | 12% | N/A |
Daily Loss | 3% | 3% |
Max Loss (Static) | 6% | 6% |
Minimum Profitable Days | 3 Days | 3 Days |
Time Limit | Unlimited | Unlimited |
Leverage | 1:30 | 1:30 |
Profit Split | N/A | 88% |
Payout Frequency | N/A | 14 Days |
Trading Objectives:
Accomplish a 12% profit balance (e.g., $12,000 on a $100,000 account).
Generate a minimum of 0.5% profit across a minimum of 3 trading days to pass the evaluation
Respect the trading rules and risk limits.
Upon reaching 12% profit target and passing Phase 1, users can request a payout of $100 or more every 14 days.
Account Violations:
Daily Loss Limit: 3% loss of either equity or balance is the maximum amount of loss that can occur within a 24 hour trading period. Violating this rule will result in a hard breach of your account.
For example: For a $100,000 account, your equity or balance cannot drop below $97,000.
Maximum Loss limit: 6% loss of either equity or balance is the maximum amount of loss that can occur across multiple trading days (i.e., 1 or more trading day). Please note that maximum loss cannot be used within a single trading day. Violating this rule will result in a hard breach of your account.