Moneta Funded has launched its Instant Funding Pro Challenge, eliminating traditional evaluation phases and placing traders directly into funded accounts from day one. The programme offers account sizes between $5,000 and $100,000 with leverage up to 1:30 on MT5 and MatchTrader platforms.
Key features include no time limits, news trading permissions, overnight and weekend position holding, a 3% daily loss limit, 6% trailing maximum loss, and an 88% profit split. Traders face no profit targets to unlock accounts and can request their first payout on demand, then transition to a 14-day payout cycle thereafter.
This move by Moneta Funded, backed by award-winning broker Moneta Markets, targets experienced traders seeking immediate capital access without multi-stage evaluations. The programme removes the consistency rule and offers more flexible trading parameters than traditional proprietary trading firms typically provide. CEO David Bily positioned the offering as designed for traders who know their strategy and simply need capital and freedom to execute.
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FXnCO Insight
** This model may pressure competing prop firms to accelerate funding timelines and relax restrictions as traders gain leverage in negotiating better terms.
Source: Finance Magnates