Excessive Risk-Taking (Over-Leveraging)
At Monevis, we seek systematic traders. If a trader is placing random large trades without a pattern or strategy, or cannot explain their trading decisions, their activity will be flagged for review. Therefore, we have implemented an 80% margin rule on our Monevis funded accounts.
However, if we notice overleveraging (using more than 80% of margin), our automated system will send a warning when a trader uses 80% of their available balance as margin for open trades. Each funded account can receive up to three (3) warnings from the system (with 2 being soft warnings). After the third warning, the account will be marked as breached and will no longer be available for trading.
Each funded account may receive up to three (3) automated system warnings for overleveraging; upon accumulating three warnings, the account will be marked as breached and will no longer be tradeable.
Gambling
To ensure consistent profit generation on your funded account, no more than 40% of your requested payout amount can be achieved within a single trading day ("all or nothing" trading).
This rule is enforced only for accounts with an initial capital of $50,000 or more.
Behavioral Patterns
Opening either significantly larger/smaller position sizes or a substantially different number of positions compared to the customer’s other trades is prohibited,and the Provider reserves the right to determine, at its discretion, whether certain trades, practices, strategies, or situations are considered Forbidden Trading Practices.