All our Monevis Challenge accounts have Maximum allowed drawdown of certain percentage (based on the account type) from the initial balance. This maximum allowed drawdown can not be breached at any given time of your challenge.
Account Size | Minimum allowed Equity |
$5,000 | $4,500 |
$10,000 | $9,000 |
$25,000 | $22,500 |
$50,000 | $45,000 |
$100,000 | $90,000 |
$200,000 | $180,000 |
Your account equity will not be allowed to drop below percentage (based on the account types) of your account size at any time. If our system detects that your equity has fallen below this threshold, all open positions will be automatically closed, and your account will be marked as breached.