Moneta funded Review 2026

Expert Verdict on Moneta Funded

✅ Verdict: From my testing and experience, I think Moneta Funded is a reliable and broker-backed prop firm. It offers competitive pricing, ECN spreads, 200+ trading instruments, and multiple challenge types that suit all trading styles. The payout structure is clear and trader-friendly, with 88% profit split biweekly. It has strong broker support behind it and the overall setup feels stable and well-managed.

⭐ Reputation: As I see many prop firms shutting down or changing rules on a daily basis without warning, trust and reputation are the first things we should look for in prop firms. While Moneta Funded is still relatively new, it manages to stand out as it holds a strong Trustpilot rating of around 4.6 and is backed by Moneta Markets, a regulated broker with over 10 years of industry experience and a proven track record.

💸 Payouts: Payouts are ultimately what we trade for, and Moneta Funded gets this right. The firm offers up to an 88% profit split with biweekly frequency on funded accounts, allowing traders to keep most of what they earn.

The minimum withdrawal amount is $100, with payouts processed within 24 to 48 business hours.

📊 Trading Conditions: Trading conditions matter to me just as much as the challenge rules, and this is an area where Moneta performs strongly. The firm offers very favorable conditions with tight ECN spreads, low commissions, and leverage of up to 1:100, all supported by Moneta Markets’ established broker infrastructure.

💰 Pricing: To me, challenge pricing felt decent as they range from $49 to $1150, offering options across 1-step, 2-step, Instant Funding, and Phoenix challenges. The true capital per dollar (TCPD) is broadly in line with industry standards for one-step and two-step challenges, and it is actually more favorable on the instant accounts.

🔑 Standout Features: What really stands out to me is its ECN spreads, 200+ instruments and Phoenix 10 tier program.

Pros and Cons

What Trading Styles Does Moneta Funded Support?

Prop firms often promise “flexible trading conditions,” but the fine print can hide important limits. While testing them I found that Moneta Funded allows all types of trading styles, including day trading, swing trading, scalping, and automated strategies across multiple asset classes, while clearly restricting high-risk methods like Martingale, grid trading, high-frequency trading, and latency arbitrage. These rules protect traders and the firm without blocking legitimate strategies.

Trust

Company Stability

As a trader myself, a firm’s background and stability matter just as much as its trading rules. Beyond performance, most traders look for trust, transparency, and confidence in long-term operations. While Moneta Funded is still relatively new, it is backed by Moneta Markets, a global broker with over 10 years of industry experience. The company is registered in Saint Lucia as Moneta Funded Ltd (Registration No. 2025-00532) and operates from Business Bay, Dubai. It is led by David Bily and supported by a team of around 50 employees.

With institutional-grade infrastructure, global data centers, and a dedicated operations team, Moneta Funded shows solid operational depth and a structure built for long-term stability.

Trustpilot Rating

When I’m assessing a firm, I personally use Trustpilot as one of the first sense checks for real trader feedback. Moneta Funded currently holds a solid 4.6/5 rating on Trustpilot based on few initial reviews. From what traders are sharing, fast payouts, clear rules, and an easy funding process come up consistently. The sample size is still small, but as more traders go through the platform and share their experiences, a clearer long-term picture will form. Based on what’s available so far, the early signals are encouraging.

Transparency

For traders, transparency matters because hidden rules can ruin progress after real effort. Most prop firms talk about transparency, but traders often discover the real rules only after they start trading. Here is the clear and complete picture of how Moneta Funded actually works, without hidden conditions.

Trading Rules Transparency

Moneta Funded keeps its trading rules clear and upfront. Traders can easily see the profit targets, drawdown limits, payout timing, and news trading rules before they start. The backing of Moneta Markets adds real structure and consistency. It’s always good to check the strategy restrictions carefully before picking a challenge.

Restricted Strategies: As we know every firm has to safeguard its operations, and that’s why Moneta enforces restrictions on some strategies. These include high-risk and exploit-based methods that some traders might use to try to cheat the system, rather than trade skillfully. Prohibited strategies include Martingale, Grid Trading, High Frequency Trading, and Latency Arbitrage. These rules apply across all accounts and focus on how trades are executed, not on which markets are traded.

News Trading Rules: News trading is a sensitive area and can be limiting for certain trading styles. On the 1-Step and 2-Step Challenge accounts, traders are not allowed to hold or open any positions during the news window, meaning all trades must be closed ahead of major releases. For Phoenix and Instant accounts, traders may hold existing positions through news but are not permitted to open new trades.

Across all programs, opening or closing positions are restricted within five minutes before and after high-impact news events. This structure may be challenging for traders who rely heavily on news-driven volatility.

Consistency Rule: It is a great advantage for traders that the 1-step, 2-step, and Phoenix programs don’t have any consistency rules, and traders can trade freely. It gives the freedom to trade your way, focus on your best setups, and not stress about spreading profits across days. However, in the Instant Funding accounts, the 20% consistency rule applies.

Minimum Profitable Days: Similar to most established firms, Moneta Funded applies minimum profitable day requirements to ensure traders are consistent and not relying on a single lucky trade.For the 1 Step, 2 Step, and Phoenix programs, traders must complete at least three profitable days, with each day generating a minimum of 0.5% profit. Instant Funding accounts follow a slightly stricter requirement of five profitable days.

Payout Transparency

I’ve seen firms change terms or shut down once traders become consistently profitable and start requesting payouts, which is why payout transparency is so important to me. Moneta is a relatively new firm, so it’s still early to make a definitive judgment on long-term payout consistency. That said, the early signals are encouraging.

On Trustpilot, Moneta is already receiving strong reviews, and on Instagram the firm regularly shares payout updates and proofs. It also runs a growing Discord community where traders openly discuss payouts and real experiences. While time will ultimately tell, this level of visibility is a positive sign and helps build early trust.

General Transparency

Website: For me, a company’s website sets the first real impression and says a lot about how seriously the firm operates. Moneta Funded’s website is clean, straightforward, and easy to navigate. All the important information is clearly laid out in one place, including challenge details, trading rules, platforms, terms, and support resources.

Social Media: Moneta Funded keeps traders connected across multiple social platforms. Its Instagram account has 28 posts with over 447 followers and shares updates and announcements to keep followers informed. The YouTube channel, backed by Moneta Markets, hosts over 1.9K videos with tutorials, challenge guides, and trading strategies, having over 853 YouTube subscribers. Facebook and Discord communities let traders chat and share insights. LinkedIn provides company news and updates. These channels ensure you stay informed, learn new skills, and grow as a trader in a supportive environment.

Risk Management: Moneta Funded emphasizes disciplined trading through clear and well defined risk rules, all of which are clearly visible on a clean and intuitive dashboard. Daily loss limits typically range between 3 to 4 percent, with maximum drawdowns around 6 to 10 percent, helping traders stay consistent and manage risk effectively.

High risk strategies such as Martingale, grid trading, HFT, and latency arbitrage are not permitted. In addition, requirements like minimum profitable days and news trading restrictions are in place to protect firm risk. At the same time, the structure remains trader friendly, offering flexibility to trade 200+ instruments across forex, crypto, indices, metals, and commodities without feeling overly restrictive.

Challenges

Moneta Funded Challenge Difficulty vs. Industry Standards

We have built Challenge Difficulty Metric benchmarks for each Moneta-funded trading program against industry norms to show how challenging it is to pass. I have considered profit targets versus drawdown limits, drawdown type, leverage, minimum profitable days, consistency rules, plus news trading, EAs, and weekend or overnight holding. All of this combines into a single difficulty rating, giving traders a clear idea of their chances of success.

Very Low Difficulty	Low Difficulty	Moderate Difficulty	High Difficulty	Extreme Difficulty

1-Step Challenge: Based on our benchmarks, the 1-Step Challenge falls into the moderate difficulty range. The main driver is the 12% profit target, which sits slightly above the common 10% industry standard. Drawdown limits are in line with industry norms, with a 6% static maximum drawdown and a 3% daily drawdown, giving traders clear and predictable risk boundaries. The rules are straightforward: traders must achieve at least three profitable days, cannot trade during restricted news periods, but are allowed to use EAs and hold positions overnight and over the weekend. The biggest advantage is the absence of a consistency requirement, which removes unnecessary constraints and makes the challenge more realistic.

2-Step Challenge: As per calculations, the Two-Step Challenge is of low difficulty, which is good for traders. Phase 1 requires a 5% profit target with a 4% daily loss and a 10% static max drawdown. Phase 2 has a 10% profit target with the same drawdown limits. The trading rules are clear and straightforward as traders must achieve at least three profitable days, cannot trade during restricted news periods, but are allowed to use EAs and hold positions overnight and over the weekend. The biggest plus is the absence of a consistency requirement, which removes unnecessary constraints and makes the challenge more realistic and easier.

Moneta Funded Challenges Overview

Instant Funding:

💵 Accounts: $5K ($105) → $100K ($735), scalable up to $100K

🎯 Target: None

📉 Drawdown: 3% Daily Loss (Highest of Equity/Balance at EOD) | 6% Max Loss (Trailing Lock)

💰 Profit Split: 88% (bi-weekly)

⚡ Trading: ❌ News (Restricted) | ✅ EAs | ✅ Copy trading | ✅ Weekend

📅 Funded Stage: Scaling up to 100K |🔴 Consistency Rule: 20% | 🔴Minimum Profitable Days: 5

1-Step Challenge:

💵 Accounts: $5K ($95) → $100K ($670), scalable up to $100K

🎯 Target: 12%

📉 Drawdown: 3% Daily Loss (Highest of Equity/Balance at EOD) | 6% Max Loss (Static)

💰 Profit Split: 88% (bi-weekly)

⚡ Trading: ❌ News (Not Allowed) | ✅ EAs | ✅ Copy trading | ✅ Weekend

📅 Funded Stage: Scaling up to 100K

⚙️ Challenge Parameters: 🟢 No Consistency Rule | 🔴 Minimum Profitable Days: 3

2-Step Challenge:

💵 Accounts: $5K ($49) → $100K ($650), scalable up to $100K

🎯 Target: Phase 1 = 5% | Phase 2 = 10%

📉 Drawdown: 4% Daily Loss (Highest of Equity/Balance at EOD) | 10% Max Loss (Static)

💰 Profit Split: 88% (bi-weekly)

⚡ Trading: ❌ News (Not Allowed) | ✅ EAs | ✅ Copy trading | ✅ Weekend

📅 Funded Stage: Scaling up to 100K

⚙️ Challenge Parameters: 🟢 No Consistency Rule | 🔴 Minimum Profitable Days: 3 per phase

Phoenix Challenge:

💵 Accounts: $2.5K ($195) → $20K ($1150), scalable up to $2M

🎯 Target: 10% per level | 10-tier path (Capital allocations gets doubled after each target)

📉 Drawdown: 3% Daily Loss (Highest of Equity/Balance at EOD) | 6% Max Loss (Static)

💰 Profit Split: 88% (bi-weekly)

⚡ Trading: ❌ News (Restricted)| ✅ EAs | ✅ Copy trading | ✅ Weekend

📅 Funded Stage: ✅Scaling up to $2M – 10-tier path | ✅Full account size | 🔴Minimum Profitable Days: 3 | 🟢 No Consistency Rule

 

• Drawdown Rules: As a trader, drawdown rules are one of the first things we evaluate because they directly impact the chances of passing a challenge. Moneta Funded applies both a daily loss limit and a maximum loss across all programs. The maximum loss ranges from 6% to 10% depending on the account type, it is trailing on Instant Funding and static on the 1-Step, 2-Step, and Phoenix programs. Daily loss limits sit between 3% and 4%, calculated on the higher of balance or equity at day end. Overall, the drawdown structure is fairly standard, and the static drawdown used in most challenges is a clear plus, as it gives traders more room to manage risk and execute without pressure.
• Flexibility: I think Moneta Funded offers great flexibility to traders as it allows traders to use a wide range of strategies. Swing trading, scalping, and day trading are all supported, and overnight/weekend positions are also allowed. It provides Leverage up to 1:100 and automated trading is allowed with EAs, except for high-risk methods like Martingale, Grid, HFT, and Latency Arbitrage. Copy trading is permitted only between accounts owned by the same person.

Price

Moneta Account Prices and Cost Efficiency

How Do We Assess the Competitiveness of Moneta Funded’s Costs?

True Capital per Dollar (TCPD)

Moneta-funded account sizes may look big, but the usable capital depends on the firm’s risk rules, like max drawdown. A $100,000 account with a 6% max loss means you can really risk $6,000; the rest is just “display.”

TCPD shows how much real capital you get for every $1 spent.

Formula:

TCPD = (Account Size × Max Drawdown %) ÷ Challenge Price

Example:

The higher TCPD tells you which option gives the most usable capital per dollar, cutting through the marketing hype and showing what you’re really paying for.

Moneta Funded Cost Competitiveness vs. Industry Benchmark

Even if a challenge seems affordable, what really matters is how much capital you get for every dollar spent. Here’s how Moneta Funded stacks up against the industry.

Refund Policies

Moneta Funded keeps its refund policy simple and transparent. Traders can request a full refund within 14 days of purchase only if no trades have been placed on the challenge account. Once trading starts, the fee becomes nonrefundable.

Trading Conditions

Leverage

Moneta Funded applies different leverage limits depending on the program and asset class. The table below summarizes the maximum leverage available.

Leverage Across Challenge Types:

Trading Fees

Moneta Funded keeps trading costs transparent and simple, which I really like as a trader. You pay only through raw ECN spreads and standard commissions & swaps where applicable, so there are no hidden surprises. The only thing to note is there is no swap free account and overnight positions carry standard swap charges.

Spreads

I ran my own spread checks to evaluate Moneta’s pricing, since spreads are a major component of overall trading costs. Overall, Moneta’s ECN pricing is competitive and holds up well in real conditions.

The firm stands out in particular on instruments like BTCUSD and Gold, where spreads are noticeably tighter than what many competing prop firms offer. On the Forex side, pricing remains reasonable, although pairs such as EURUSD do run slightly wider compared to some alternatives.

What strengthens Moneta’s case is transparency. Live spreads are displayed directly on the website, which allows traders to verify real market conditions in real time rather than relying on marketing claims.

Commissions

Moneta Funded charges $4 per lot per round trip for both Forex and Metals, while Indices, Energy (Oil), and Cryptocurrencies are commission-free. This setup keeps costs predictable and allows traders to diversify across multiple markets without worrying about extra charges eating into profits. In my view, it’s a straightforward and trader-friendly approach.

Swap Fees

For traders who prefer swap-free accounts, this may not be ideal. Moneta Funded applies standard swap fees on all accounts. Any position held overnight will incur interest charges or credits based on the currency pair’s interest rate differential. Swap rates can vary depending on the instrument and whether you are long or short, and triple swaps apply on Wednesdays for most forex pairs.

Overall Trading Fees

Since swap fees vary by instrument and only apply when positions are held overnight, I have not included them in this comparison. Focusing purely on spreads and commissions, Moneta Funded performs strongly on trading costs.

With its ECN pricing model, most assets trade at better-than-industry costs, with Gold, BTCUSD, indices, and oil standing out in particular. Forex pairs remain competitive overall, although EURUSD does run slightly higher compared to some industry benchmarks.

Prohibited Trading Styles

Tradable Instruments

For traders, having a wide range of instruments is key to diversifying strategies and managing risk. Moneta Funded gives traders access to over 200 instruments across multiple asset classes, including forex, cryptocurrencies, indices, gold, commodities, and oil. This wide range of tradable markets allows you to diversify your portfolio while trading highly liquid and popular instruments. You can trade on MT5 or MatchTrader, and the exact instruments available may vary slightly depending on the platform.

Trading Platforms and Tools

Platforms are key for trading, because this is where every decision is executed in real time. Moneta Funded offers both MetaTrader 5 and MatchTrader.

MT5 is well-suited for traders who want a simple and conventional interface and rely on custom indicators, expert advisors, and automated strategies. MatchTrader, on the other hand, is more streamlined, with advanced TradingView charts and a clean, web-based interface that works well for discretionary and manual trading.

While most instruments are available on both platforms, a few are platform-specific. For example, XRPJPY (Ripple vs Japanese Yen) is only available on MT5, so it’s important to confirm instrument availability before choosing a platform.

I see multi-platform support as a clear advantage because it allows traders to choose the platform that best fits their needs and workflow. It removes unnecessary restrictions and ensures execution and strategy choice never feel limited by the technology.

Islamic (Swap-free) Account

This might be a drawback for traders who need swap-free accounts. Moneta Funded does not offer swap-free accounts. All positions held overnight are subject to swap fees, which depend on the instrument and whether the trade is long or short. Traders can view exact swap rates directly inside the platform under symbol specifications. This is important for swing traders to factor into their risk planning, especially with triple swaps applied midweek on most forex pairs.

Demo Account

For beginners or traders who want to practice strategies first, this can be a limitation as Moneta Funded does not provide a demo account for practice trading.

Inactivity

A 14-day inactivity rule applies across all Moneta Funded accounts. If no trade is placed within 14 days, the account may be closed. To stay active, traders only need to place at least one trade within that timeframe, keeping the account in good standing and avoiding unnecessary closures.

Funded Account

Once you pass the evaluation or choose an Instant Funding account, Moneta Funded grants you a funded account with the same core trading rules you followed during the challenge. There are no hidden rule changes after funding, which I see as a strong plus for consistency and trust.

Funded Account Rules Overview

Moneta Funded allows overnight and weekend holding across all funded accounts, making it suitable for day traders and swing traders alike. Automated trading is supported, but risky methods like Martingale, Grid Trading, High-Frequency Trading, and Latency Arbitrage remain strictly prohibited. In my view, Moneta Funded keeps its funding rules straightforward. What you trade during the challenge is what you trade once funded. That clarity reduces mistakes, lowers stress, and helps traders focus on execution instead of rule watching.

Consistency Rule

As a trader, consistency matters when trading with prop firms because it supports stable performance and risk control. That said, consistency rules can be restrictive, as they often cap profits and force traders to manage results around an artificial requirement. Moneta Funded addresses this well by removing consistency rules altogether. There is no consistency requirement on the 1-Step Challenge, 2-Step Challenge, or Phoenix Evaluation programs, allowing traders to trade naturally without having to spread or balance profits across different days

A 20% consistency rule applies only to the Instant Funding program. This means no single trading day can contribute more than 20% of the total profit. The rule is in place to manage risk on instant capital while still allowing flexible trading styles. There is no consistency requirement once traders move through the Phoenix scaling levels.

Scaling Plan

As traders, growing capital is the goal, but how you scale matters just as much. From experience, Moneta Funded follows a trader-focused approach that allows growth without unnecessary pressure.

In the 1-Step, 2-Step, and Instant Funding programs, scaling becomes available after a trader reaches 10% total profit and establishes a positive payout history. Once eligible, traders can request a balance increase, typically around 25% of the original account size.

The combined allocation across these programs is capped at $300,000, which is reasonable for most consistent and active traders. That said, exposure per individual program is limited to $100,000. For example, you can hold a $100K Instant account and a $100K 1-Step account at the same time, but you cannot hold a single $200K account within one program.

For traders aiming higher, the Phoenix Challenge is where Moneta really stands out. It follows a clear 10-tier scaling structure with a 10 percent profit target at each level the capital gets doubled. Each tier is upgraded automatically, with profits added to the balance, allowing traders to scale gradually up to $2 million.

KYC (Know Your Customer)

For traders moving toward funded accounts, proper verification is an essential step. Moneta Funded uses Sumsub, a trusted third-party verification provider, to handle KYC securely. To access a funded account, traders must submit a valid government-issued photo ID, such as a passport, national ID card, or driver’s license. Paper IDs, temporary permits, residence permits, and expired documents are not accepted.

A live selfie is also required for facial verification and must be completed personally, without using a VPS or VPN. In most cases, KYC is processed within one business day after responding to the verification email.

Payouts

Moneta Funded offers reliable and transparent payouts. Traders can request a payout from their dashboard and can have multiple payout methods which includes crypto, rise or wise.Traders can request withdrawals after earning a minimum of $100 in profit, with payouts processed within 24-48 business hours. Traders can also convert their profit into a tradable capital and Moneta will match that 100%, That trading capital itself is not withdrawable however the profit made from it can be withdrawn.

Profit Split

Traders at Moneta Funded keep 88% of profits they make on funded accounts. Payouts can be requested once the minimum balance and timing requirements are met.

Payout Rules

Bonuses and Promotions

Moneta Funded sometimes offers general discounts, but traders can also take part in contests, join the affiliate program, or grab special promotions tied to events and limited-time incentives.

Support

Customer Support Channels

Customer Support Test

I carried out a customer support test by asking technical questions through both live chat and email. Based on this testing, response times were quick, which is a positive. However, the quality of the replies was inconsistent, and in some cases the information provided was contradictory. Overall, support is responsive, but there is room for improvement in accuracy and clarity.

Education

Moneta Funded supports traders with practical educational resources to help them grow, which is great for traders if they need help somewhere. Their YouTube channel, backed by Moneta Markets, shares tips, platform tutorials, and trading strategies. Blogs and FAQs provide insights into different trading approaches, challenge rules, and market opportunities, keeping traders informed and ready to perform.

The Bottom Line

After fully evaluating Moneta Funded, it feels like a decent entry point for traders starting their prop journey especially from a smaller account size. The rules are realistic, execution is clean, and the overall structure feels solid and on par with industry standards. What stands out most to me is the combination of tight ECN spreads and the Phoenix 10-tier scaling program, which offers a clear and achievable path to scale capital up to $2 million with consistent performance.

While the firm is still relatively new and building its long-term track record, early Trustpilot feedback aligns well with what I’ve personally seen so far. The operation feels well structured and credible, with additional confidence coming from Moneta Markets’ decade-long standing in the industry.

The firm supports a wide range of trading styles, as it offers clear rules for EAs for automated trading. It allows overnight and weekend holding which is suitable for swing traders, solid leverage for day traders, and ECN spreads that work well for scalping. The restriction on news trading may be a drawback for news-focused traders, but for most strategies it’s not a major limitation. With access to 200+ instruments across Forex, crypto, indices, and commodities, there’s enough flexibility to run diversified strategies without feeling constrained.

On the payout side, it offers an 88 percent profit split and a consistent 14 day payout cycle. Overall, Moneta Funded suits traders who want scalable capital, strategy flexibility, automation support, and predictable payouts in a professional, trader friendly setup.