Question 1

What makes Monetro different from other prop firms?

Accepted Answer

Monetro is a UAE-registered prop trading firm and offers three distinct evaluation models: Velocity (1-step), Evolution (2-step), and Endurance (3-step). All challenges include unlimited trading days, raw ECN spreads on cTrader, and average payouts in 8 hours.

Question 2

Is Monetro a trustworthy and legitimate company?

Accepted Answer

Yes. Monetro is a legally registered technology company in the UAE. We are an Education and Technology provider, not a broker. We do not solicit investments and operate with full transparency about our business model.

Question 3

Why is there a fee to participate in a challenge?

Accepted Answer

The fee serves two purposes: (1) Commitment — it filters out traders who treat trading like gambling, ensuring a professional ecosystem. (2) Service cost — it covers real-time data feeds, platform licences, and the educational analytics tools provided during your evaluation.

Question 4

How do I become a Monetro Funded Trader?

Accepted Answer

Purchase an evaluation account, meet the profit target while respecting risk limits, and receive your funded Monetro Trader account. Keep 80% of profits. Velocity is 1-step; Evolution is 2-step; Endurance is 3-step with the lowest target per phase.

Question 5

What trading platform does Monetro use?

Accepted Answer

Monetro uses cTrader — an institutional-grade platform with raw ECN execution, spreads from 0.0 pips, and ultra-low $3/lot commissions. No dealing desk, no re-quotes, and full depth-of-market transparency.

Question 6

What are your trading rules?

Accepted Answer

Our rules are fully transparent and published in detail on our Rules page and Terms of Service. You can hold positions overnight and over weekends, run EAs and automated strategies, and there are no consistency rules on any challenge model. News trading is permitted on Evolution and Endurance challenges; Velocity (our 1-step product) does not permit news trading. Like all professional prop firms, we restrict a small list of techniques that exploit technical inefficiencies rather than market structure — including grid trading, martingale, latency arbitrage, and high-frequency tick scalping. The full list is in our Terms of Service, Section 4.

Question 7

What is the maximum funded account size?

Accepted Answer

Monetro offers funded accounts up to $200,000 in demo capital across all three challenge models — Velocity, Evolution, and Endurance.

Question 8

How fast are payouts processed?

Accepted Answer

Once eligible, Monetro processes approved payouts in an average of 8 hours — among the fastest in the industry. Your first payout becomes eligible after 5 trading days and 14 calendar days from your first trade. Subsequent payouts require 3 trading days and 14 calendar days between requests. Once these conditions are met, the 8-hour average processing time applies.

Question 9

What are the differences between Velocity, Evolution, and Endurance?

Accepted Answer

Each model is built for a different trader profile. Velocity (1-step) — single-phase evaluation with a 10% profit target. Static 6% maximum drawdown, 1:50 leverage. News trading not permitted. Best for experienced traders who want the fastest path to funding. Evolution (2-step) — Assessment phase (8% target) plus Verification phase (5% target). Static 10% maximum drawdown, 1:100 leverage. News trading permitted. The balanced default for most traders. Endurance (3-step) — Three phases at 5% target each. Static 10% maximum drawdown, 1:100 leverage. News trading permitted. Lowest pressure per phase, lowest fees. Suitable for traders building consistency.

Question 10

When can I withdraw my profits?

Accepted Answer

Your first payout becomes eligible 14 calendar days after your first trade, with a minimum of 5 trading days completed. After that, payouts can be requested every 14 calendar days with a minimum of 3 trading days. Once eligible, the average processing time for approved requests is 8 hours.

Question 11

What are the risk limits I need to follow?

Accepted Answer

Across all challenges, your maximum exposure on any single trade is capped at 2% of your account balance. Daily loss and total drawdown limits vary by product: Velocity: 4% daily loss (based on higher of equity/balance), 6% static maximum drawdown fixed at initial balance. Evolution & Endurance: 5% daily loss (based on previous day balance), 10% static maximum drawdown fixed at initial balance. Stop-loss and take-profit orders are not mandatory but strongly recommended.

Question 12

Can I use trading bots (EAs) on a funded account?

Accepted Answer

Yes. EAs and automated strategies are allowed on both evaluation and funded accounts. The only restricted techniques are those that exploit technical inefficiencies rather than market structure — grid trading, martingale, latency arbitrage, and high-frequency tick scalping. The full list is in our Terms of Service, Section 4.

Question 13

Is there a minimum trade holding time or consistency rule?

Accepted Answer

No. There is no minimum holding time and no consistency rule on any challenge model. You can scalp, swing trade, and hold positions overnight and over weekends — trade your own style. Only the restricted techniques listed in our Terms of Service (Section 4) are prohibited.

Question 14

Which countries can join Monetro?

Accepted Answer

Monetro welcomes traders worldwide. The only exceptions are jurisdictions restricted by applicable law or international sanctions. If you are unsure about your country, contact support@upcoming.monetro.com and we will confirm your eligibility.

Question 15

Do you offer free funded accounts or trials?

Accepted Answer

No — we do not offer free funded accounts. The challenge fee keeps the ecosystem professional and covers real-time data feeds and platform licences. The most affordable way to start is the $5K Endurance challenge from $29, and you never deposit trading capital — the one-time fee is all you ever pay.

Question 16

Do you offer discounts or promo codes?

Accepted Answer

We run seasonal promotions from time to time. Offers are announced on our social channels and Discord community, and any live promotion is applied at checkout. Follow us to hear about the next one first.