Moneta Funded

High-impact economic news trading is allowed on Instant Pro and Phoenix accounts.

Traders may open and close positions during news releases. The restricted news trading window applied to other account types does not apply to these two programs.

General risk management requirements and prohibited trading strategy rules remain applicable to both accounts.

Moneta Funded restricts trading during high-impact economic news events on these account types, during both evaluation and funded stages.

Covered News Events:
The firm uses the ForexFactory economic calendar, specifically high-impact events marked with a red folder.

Restrictions apply to financial instruments affected by the relevant currency or event, potentially including Forex, Gold, Indices, Oil and Cryptocurrencies.

Restricted Trading Window:
5 minutes before the news release.
5 minutes after the news release.

Prohibited Activities:
Opening or closing trades during the restricted window.
This includes manual trading, as well as positions closed through Take Profit (TP) or Stop Loss (SL).

Permitted Exception:
Positions opened at least 2 hours before the scheduled news release may be closed during the restricted window, including closures triggered by TP or SL.

Penalties:
Profits generated from trades violating the news trading rules may be deducted.
Repeated violations may result in account restrictions or an account breach.

Important Notice:
High-impact news events may cause significant volatility, slippage and spread widening. Traders are advised to monitor the ForexFactory economic calendar and plan their trades accordingly.

1-Step, 2-Step, Instant and Phoenix:
Payouts may be requested every 14 days, provided all applicable payout requirements are met.

Instant Funding Pro:
The first payout is available on demand once the payout conditions and minimum withdrawal amount are met.
After the first payout, subsequent payouts are available every 14 days.

1-Step Daily:
Payouts may be requested daily after reaching the funded stage and meeting the applicable requirements.
Maximum amount per payout request:
$50,000 account: $1,000.
$100,000 account: $2,000.

Minimum Payout Amount:
$100 for most payout methods, including cryptocurrency.
$500 when using Rise.

Payout Requirements:
All open positions must be closed before submitting a payout request.
Identity verification (KYC) must be completed before the first payout.
Payout requests are subject to compliance, trading and risk reviews.

Payout Processing Time:
Normally 24 to 48 business hours, excluding weekends and international public holidays.
Some requests may take longer if additional risk or account verification is required.

Sprint Challenge is a short, time-based trading challenge that differs from traditional evaluation programs. Traders select an account size, challenge duration and multiplier, then attempt to reach the required profit target within the selected period without exceeding the maximum loss limit.

Available Account Sizes:
$10K – $25K – $50K – $100K

Challenge Duration:
Traders can select a duration of 1 hour, 2 hours, 4 hours or 8 hours.
The timer does not begin when the account is purchased.
The challenge and countdown automatically begin when the first trade is executed.

Profit Target:
The required profit target depends on the selected Sprint configuration and currently ranges from 0.6% to 3%.
The exact target is displayed before purchasing the challenge.

Maximum Loss:
Sprint Challenge does not have a separate daily loss limit.
Instead, a static maximum loss limit applies based on the selected challenge configuration, currently ranging from 0.3% to 1.5%.
The exact maximum loss percentage and amount are displayed when configuring the challenge.

Multiplier:
Traders can choose a 2X or 5X multiplier.
The multiplier determines the payout amount awarded upon successfully completing the challenge.
It does not change the profit target percentage for the same challenge configuration.

For example, if the base challenge amount is $30 and the 5X multiplier is selected, the successful completion payout will be $150.

Purchase discounts, when available, reduce the cost of the challenge without reducing the payout amount or changing the performance requirements.

Profit Split and Payouts:
Sprint Challenge advertises a 100% profit split.
However, the program operates on a Fixed Payout model.
The payout amount is determined before purchase according to the selected challenge configuration and multiplier.
After successfully completing the challenge, the trader receives the predetermined payout amount once the withdrawal request is approved, rather than necessarily receiving all profits displayed in the trading account.

Once the profit target is achieved within the selected time limit without violating the rules, a payout request may be submitted immediately without an additional waiting period.
The trade or trades are reviewed to verify compliance with the program rules.
The firm states that approved payout requests are processed within 48 hours.

Account Closure:
After successfully completing the challenge and receiving the payout, the Sprint Challenge account is closed.
The account also ends if the selected time expires without achieving the profit target, or if the maximum loss limit is breached.
Traders may purchase and start a new Sprint Challenge after the previous challenge has ended.

Trading Days and Consistency:
There is no minimum trading day or profitable day requirement.
No consistency rule applies.
Traders may achieve the target using a single trading instrument or multiple instruments.
There is no requirement to distribute trades across different symbols.

Leverage:
Leverage of up to 1:30 is available.

Trading Platforms:
MT5 and MatchTrader, depending on the options available to the client.

News Trading:
Trading around high-impact economic news events is prohibited.
Opening or closing positions within 5 minutes before or 5 minutes after a high-impact news release is not permitted.

Gap Trading:
Gap Trading is prohibited.
Strategies designed to exploit price gaps between trading sessions are not allowed.

Market Open and Close:
Trading during major market opening or closing periods is not permitted.
Restrictions also apply during CFD Rollover periods when liquidity and volatility conditions are abnormal.
Outside these restricted periods, traders may execute their strategy using one or multiple instruments within the selected Sprint duration.

Number of Sprint Accounts:
Only one active Sprint Challenge is permitted per trader at a time.
Once a challenge has ended, whether through successful completion, time expiration or a maximum loss breach, a new challenge may be started.

Important Notice:
Profit targets, maximum loss limits, challenge purchase costs and payout amounts vary depending on the selected account size, duration and multiplier.
Traders should carefully review the exact values displayed at checkout before starting each Sprint Challenge.

Overnight and weekend position holding is allowed on 1-Step, 1-Step Daily, 2-Step, Instant, Instant Pro and Phoenix accounts.

Swap fees apply depending on the trading instrument.

Moneta Funded calculates the Daily Drawdown using the higher of Account Balance or Account Equity at the daily reset.

1- Daily Drawdown Limits

• 1-Step: 3%.
• 1-Step Daily: 1%.
• 2-Step: 4% or 5%, depending on the option selected at purchase.
• Instant: 3%.
• Instant Pro: 4%.
• Phoenix: 3%.

2- Calculation Method

At the daily reset, the firm uses the higher of:
• Balance: Account balance after accounting for closed positions.
• Equity: Account value including floating profits and losses.

The Daily Loss Amount is then subtracted from the higher value.

Formula:
Daily Loss Breach Level =
Higher of Balance or Equity at the daily reset minus (Initial Account Size × Daily Loss %).

The Daily Loss Amount is always calculated from the initial account size, not the current account balance.

3- Practical Example

Instant Funding account with a $100,000 initial balance and a 3% daily loss limit.

At the daily reset:
• Balance: $101,000.
• Equity: $102,000.
• Reference value: $102,000.
• Daily Loss Amount: $3,000.

New Daily Loss Breach Level:
$102,000 - $3,000 = $99,000.

Account Equity must remain above $99,000 throughout the trading day.
Reaching or falling below this level results in an account breach.

4- Daily Reset Time

The Daily Loss Limit resets at 22:00 UTC.

The breach level is recalculated using the higher of Balance or Equity at that time.

Open positions showing floating profits at the daily reset may increase the following day's breach level.

5- Losses and Trading Costs

Daily Drawdown monitoring includes:
• Realized losses from closed positions.
• Floating losses on open positions.
• Trading commissions.
• Overnight swap fees.

A position does not need to be closed for a breach to occur.
An account may breach when its Equity reaches the Daily Loss Breach Level while positions remain open.

6- Important Notes

• The daily reset does not restore previously lost capital.
• Daily Drawdown is separate from Maximum Drawdown, and both limits must be respected.
• For Phoenix, the Daily Loss Amount is calculated using the base account size of the current scaling level.
• Legacy accounts may follow different rules depending on the program version and purchase date.

Summary:
At 22:00 UTC, the firm takes the higher of Balance or Equity and subtracts the Daily Loss Amount calculated from the initial account size.
If Equity reaches or falls below the applicable breach level, the account is breached.

Moneta Funded calculates Maximum Drawdown differently depending on the account type.

Two models are used:
• Static Drawdown.
• Trailing Drawdown with Lock.

1- Maximum Drawdown by Account

• Revised 1-Step: 5% trailing with lock.
• 1-Step Daily: 2% static, with an additional payout-lock rule.
• 2-Step: 8% or 10% static, depending on the selected option.
• Instant: 5% trailing with lock.
• Instant Pro: 8% trailing with lock.
• Phoenix: 6% static.

2- Static Maximum Drawdown

Under a static drawdown model, the Maximum Loss Level is calculated from the initial account balance.
It does not rise when profits increase and does not move down after losses.

Formula:
Maximum Loss Level =
Initial Account Balance - (Initial Account Balance × Max Loss %).

Example: $100,000 2-Step account.
• With 10% maximum drawdown: the fixed breach level is $90,000.
• With 8% maximum drawdown: the fixed breach level is $92,000.

Even if the account balance rises to $110,000, the Maximum Loss Level remains fixed according to the selected configuration.

Phoenix Accounts:
Phoenix uses a 6% static maximum drawdown based on the current level's base account size.
After scaling to a new level, the new account limits are calculated using that level's base account size.

3- Trailing Maximum Drawdown

Revised 1-Step, Instant and Instant Pro use a trailing drawdown model based on the highest Balance or Equity reached on the account.

This includes floating profits on open positions, not only realized trading profits.

As the account reaches new highs, the Maximum Loss Level moves upward.
If Balance or Equity later decreases, the Maximum Loss Level does not move back down.

Formula Before Lock:
Trailing Maximum Loss Level =
Highest Recorded Balance or Equity - Maximum Loss Amount.

The Maximum Loss Amount is calculated from the initial account size.

4- Instant Funding Example

Account size: $100,000.
Trailing Maximum Drawdown: 5%.

• Initially: Maximum Loss Level = $95,000.
• When the highest Balance or Equity reaches $103,000: the level rises to $98,000.
• When the highest value reaches $105,000: the level rises to $100,000.

At this point, the Maximum Loss Level permanently locks at the original $100,000 starting balance.
It cannot rise above this amount, even if the account generates additional profits.

5- Instant Funding Pro Example

Account size: $100,000.
Trailing Maximum Drawdown: 8%.

• Initially: Maximum Loss Level = $92,000.
• When the highest value reaches $105,000: the level rises to $97,000.
• When the highest value reaches $108,000: the level rises to $100,000 and permanently locks.

The revised 1-Step Challenge uses the same trailing-lock mechanism as Instant Funding, with a 5% Maximum Loss Amount.

6- 1-Step Daily Maximum Drawdown

1-Step Daily uses a 2% static Maximum Loss calculated from the initial account balance.

Example: $50,000 account.
The initial Maximum Loss Level is $49,000.
Even if the balance rises to $52,000, the level stays at $49,000.

However, a separate payout rule applies:
Once a payout is approved, the Maximum Loss Level moves to the initial $50,000 balance and permanently locks there.

Any profit remaining above the initial balance becomes the available trading buffer.

7- Impact of Payouts on Drawdown

For revised 1-Step accounts, and Instant and Instant Pro accounts subject to the updated payout-lock rule, the Maximum Loss Level locks at the original starting balance in connection with the payout process.

The Help Center states that the lock occurs upon payout approval, while the general Terms also provide for locking when an eligible payout request is submitted.

Traders should therefore monitor the Maximum Loss Level in their dashboard from the time of submitting a payout request, rather than assuming the previous drawdown buffer remains available.

Example:
Account size: $100,000.
Account balance: $102,000.
An approved $1,000 payout reduces the balance to $101,000.
If the Maximum Loss Level is locked at $100,000, only $1,000 of trading buffer remains.

Withdrawing all available profits may leave no remaining loss buffer and may result in an account breach.

8- Maximum Drawdown Monitoring

Balance and Equity are monitored, including floating profits and losses, trading commissions and swap fees.

If Balance or Equity reaches the applicable Maximum Loss Level, the account is breached.

Maximum Drawdown does not reset daily like the Daily Drawdown Limit.
Both daily and overall drawdown requirements must be respected independently.

9- Legacy Accounts

Older accounts retain the rules applicable to their purchased version.

• Legacy 1-Step accounts: may follow a 6% static drawdown rule.
• Instant accounts purchased before July 2, 2026: use a 6% trailing drawdown instead of 5%.

Traders should follow the rules displayed for their specific account in the dashboard when different program versions exist.

Summary:
Static Drawdown does not follow profits, while Trailing Drawdown rises with the highest Balance or Equity until it locks at the initial balance.
Payout approval or submission of an eligible payout request may also trigger a Maximum Loss lock, depending on the program rules.
Traders should retain a sufficient profit buffer if they intend to continue trading after a payout.

Is Copy Trading Allowed?
Yes, but only under specific conditions.

Permitted Copy Trading:
Traders may copy trades manually or automatically between their own Moneta Funded accounts only.

Compliance Requirements:
All accounts involved in copy trading must meet the following conditions:
• The master account and all copied accounts must be with Moneta Funded.
• All accounts must be registered under the same name.
• All accounts must belong to the same individual.

Prohibited Copy Trading:
• Copying trades from accounts at other prop firms into Moneta Funded.
• Copying trades from personal brokerage accounts into Moneta Funded.
• Copying between accounts owned by different individuals, including friends or family members.
• Copying trades from signal providers or external services that control trades or mirror positions from an external master account.

Copy trading between accounts owned by different individuals is prohibited even when the account owners have given permission.

Penalties:
Violating the copy trading rules may result in:
• Account violations.
• Account suspension.
• Disqualification from the program.

Moneta Funded permits Expert Advisors (EAs) in certain programs, subject to specific conditions.

Permitted Usage:
• Trade copying tools used exclusively between the trader's own Moneta Funded accounts.
• Custom EAs developed and owned by the trader, provided they comply with trading and risk management rules.

Automated Trading Restrictions:
Developing or owning an EA does not automatically permit the use of systems that execute trades without genuine discretionary decision-making and independent market analysis.
Prohibited systems include Martingale, Grid Trading, recovery algorithms, and software that systematically executes automated strategies based on predefined rules without genuine discretionary analysis.

Prohibited Usage:
• Commercially distributed EAs or third-party trading systems.
• Trading signal services.
• Copying trades from external master accounts or accounts owned by other individuals.

Sprint Challenge Exception:
Expert Advisors (EAs) are not permitted in the Sprint Challenge program.

Verification and Penalties:
Moneta Funded reserves the right to review EA activity and request verification of ownership and usage.
Unauthorized EA usage may result in profit adjustments, account restrictions or account termination under the firm's Terms and Conditions.

Moneta Funded allows normal changes between personal IP addresses and devices while monitoring activity to ensure that each account is used and managed only by its owner.

IP addresses and personal devices:
• Trading from multiple IP addresses is allowed.
• Using multiple personal devices is allowed.
• Normal switching between a home network, mobile data, and the trader's other personal networks is allowed.
A normal IP change is not automatically treated as a violation.

VPN and VPS use:
VPN or VPS use is permitted only for traders located in China, Russia, Turkmenistan, and Syria. Traders in other countries may not use a VPN or VPS to access the dashboard or trading account.

VPS requirements in eligible countries:
The VPS must be dedicated to the trader, must not be shared or public, must not be used by another Moneta Funded trader, and must not involve sharing account credentials or access with another person.

What is monitored?
Moneta Funded monitors IP addresses and device identifiers for signs of account sharing or third-party account management. Multiple accounts accessed from the same IP may trigger a review and a request for clarification.

CID monitoring:
Moneta Funded also tracks the Computer ID (CID), a unique device identifier. Linking several unrelated accounts or users to the same device may raise concerns about prohibited trading, account management, account sharing, or KYC integrity.

No scaling program is available for 1-Step, 1-Step Daily or 2-Step accounts.

No scaling program is available for Instant or Instant Pro accounts.

Scaling is available exclusively through the Phoenix Instant account under the Phoenix Scaling Program, allowing traders to grow their account up to $2,000,000 at Level 11.

How Does Scaling Work?
Traders may start at Level 1, 2, 3 or 4, depending on the purchased account size.
Once a trader achieves a 10% profit target based on the current account size, the account automatically advances to the next level.
No additional challenge purchase is required when advancing between levels.

Carried Profits:
When an account advances to the next level, the 10% profit earned at the previous level is transferred as withdrawable credit to the new account.
Traders may retain this credit or request a payout once the applicable payout conditions have been met.

Important Note:
Profits carried over from the previous level do not count toward the new level's scaling profit target.
Traders must generate an additional 10% profit based on the new level's base account size to advance further.

Payout Requirements:
Carried profits and newly generated profits may be withdrawn once all applicable payout conditions are satisfied, including:
• At least 14 days since the first trade.
• At least 3 profitable trading days.
• Meeting the minimum payout amount.

Scaling Example:
A trader starts at Level 2 with a $5,000 account.
After achieving a 10% profit, equivalent to $500, the account automatically advances to Level 3 with a $10,000 account.
The $500 profit is transferred as withdrawable credit to the new account.

At Level 3, the trader has two options:

Option 1 - Continue Scaling:
The trader continues trading toward the new 10% scaling target, equivalent to $1,000 based on the Level 3 account size.
Once the target is achieved, the account automatically advances to Level 4.

Option 2 - Request a Payout:
After meeting the payout requirements, the trader may request a withdrawal of carried credit and newly earned profits.
For example, if the trader earns an additional $200 at Level 3, the total profit available for payout becomes $700, consisting of $500 in carried credit and $200 in new profit.

Profit Split:
The trader receives 88% of eligible payout profits.
In the example above, the trader's share of the $700 would be $616, before any applicable payout fees.

Impact of Payouts on Scaling:
Withdrawing profits does not remove the requirements for advancing to the next level.
After withdrawing $700 in the example, the Level 3 scaling target remains 10% of the base account size, equivalent to $1,000 in profits required to advance to Level 4.

Maximum Scaling:
The program consists of 11 levels, allowing account growth up to $2,000,000.
There is no fixed time limit for completing the scaling levels.

Account merging is allowed under specific conditions:
• All accounts must still be at their Initial Balance.
• The merged account must not exceed $100,000.
• Merging is not automatic; the trader must contact Support.
• Every account must fully meet the eligibility requirements before the request is approved.

Summary:
Merging is permitted, but the maximum final balance is $100K.

Traders must execute at least one trade within every 30 calendar days across all account types.

If no trades are executed for 30 consecutive calendar days, the account will be automatically breached, and the trader will no longer be able to continue trading on that account.

There are no exceptions to the inactivity rule.

What Is the Maximum Floating Loss Rule?
This risk management rule is designed to prevent excessive loss concentration on a single instrument or trade idea.

It covers unrealized losses on open positions, not only closed trading losses.

The applicable limits and consequences depend on the account type, program version and purchase date.

1- Accounts With a 1% Immediate Breach Limit

Revised 1-Step Challenge:
The floating loss limit is 1% of the account size.
Reaching this limit results in an immediate account breach, without an initial warning or a temporary 1.5% risk restriction.
This applies to the relaunched 1-Step program.
Legacy accounts retain the rules attached to their original purchased version.

New Instant Funding Accounts:
Accounts purchased on or after September 21, 2026 are subject to a 1% floating loss limit.
Reaching this limit results in an immediate account breach.
There is no initial warning or transition to the temporary 1.5% risk limit.

Important Notice:
The 1% floating loss limit is separate from the Daily Loss Limit and Maximum Drawdown Limit.
An account may breach this rule even when the daily and overall drawdown limits have not been reached.

2- Accounts With 2% or 3% Warning Triggers

The existing warning-based framework continues to apply to the following funded accounts:

• 2-Step funded accounts with 5% daily and 10% maximum drawdown: 3% of the account size.
• 2-Step funded accounts with 4% daily and 8% maximum drawdown: 2% of the account size.
• Instant Funding Pro: 3% of the account size.
• Legacy 1-Step funded accounts: 2% under the previous program rules.
• 1-Step Daily funded accounts: 2% warning trigger.
• Instant Funding accounts purchased before September 21, 2026: 2% warning trigger.
• Phoenix accounts: 2% warning trigger.

Under this framework, floating losses are monitored across open positions on the same trading symbol.
Reaching the applicable threshold triggers risk-control measures.

3- What Happens When a Warning Trigger Is Reached?

• All open positions on the affected funded account are closed automatically.
• An automatic email notification is sent to the trader.
• New trades are blocked until the next daily reset.
• A temporary 1.5% risk-per-trade-idea limit is applied to the affected account.

The daily reset occurs at 22:00 UTC.

The first 2% or 3% warning trigger is not an immediate account breach, but it activates the risk controls above.
This warning process does not apply to accounts subject to the 1% immediate-breach rule.

4- Temporary 1.5% Risk-Per-Trade-Idea Limit

Once this restriction is applied, risk on a single trade idea must not exceed 1.5% of the affected funded account size.

Risk assessment is not based solely on the current floating loss. It may also consider:
• Potential loss at the protective stop.
• Realized losses within a trade idea.
• Combined exposure from related positions.
• Positions across highly correlated instruments.

Multiple related positions may be treated as a single trade idea when evaluating total risk.

Once the 1.5% restriction is active, compliance becomes mandatory.
Exceeding this limit results in a breach of the affected funded account, not another warning.

5- Risk Restrictions Without a Warning Trigger

Moneta Funded reserves the right to apply temporary risk parameters when trading activity demonstrates excessive risk concentration, even without reaching the standard floating-loss warning threshold.

Examples include:
• Allocating a significant portion of the permitted daily loss to a single trade idea.
• Concentrating most available margin into related positions.
• Increasing exposure aggressively in an attempt to recover losses.
• Maintaining excessive exposure across correlated instruments.

Such restrictions may apply to one or more funded accounts where trading activity indicates correlated or excessive exposure.

6- Are Other Funded Accounts Affected?

When a 2% or 3% floating-loss warning threshold is reached, the affected funded account is moved to the temporary 1.5% limit.

This does not automatically apply the same consequence to every account owned by the trader.
However, the Risk Team may impose additional restrictions on other accounts if correlated exposure or separate risk violations are identified.

7- Can the 1.5% Restriction Be Removed?

Yes. The temporary restriction may be removed after:
• Completing 14 days under the restriction.
• Executing 20 trades on a separate funded account.
• Remaining compliant with the temporary risk limit and all other account rules throughout this period.

Meeting these conditions may allow the temporary restriction to be removed.
It does not remove the account's original floating-loss or drawdown restrictions.

Summary:
Revised 1-Step and new Instant Funding accounts are subject to a 1% floating-loss immediate-breach rule.

Accounts under the existing 2% or 3% warning-based framework are subject to automatic trade closure, a temporary trading pause and a 1.5% risk-per-trade-idea restriction.

Any subsequent breach of the active 1.5% restriction results in a breach of the affected funded account.

Traders must complete Know Your Customer (KYC) verification with Moneta Funded before a funded account can be issued or payouts can be processed.

1- Accepted Documents
Traders must provide a valid government-issued photo ID, such as:
• Passport.
• National ID card.
• Driver's license.
• Residence permit.

2- Unaccepted Documents
• Paper identification documents.
• Temporary permits.
• Expired documents.

3- Live Selfie Verification
After uploading an identity document, traders must complete a live facial verification check.
This process confirms that the trader's face matches the submitted identity document.

4- KYC Timing
1-Step, 1-Step Daily and 2-Step:
KYC must be completed before a funded account is issued after passing the evaluation.
Verification may also be completed earlier.

Instant, Instant Pro and Phoenix:
KYC is required before payouts can be processed.
Traders may complete verification in advance, even before purchasing an account.

Sprint Challenge:
Traders are advised to complete KYC and sign the contract before trading, and to confirm that all activation requirements shown in their dashboard have been satisfied.

5- VPN and VPS Restrictions During KYC
Using a VPN or VPS during identity verification is prohibited.
Detection of these services may result in verification failure or account closure.

This restriction applies during KYC even if such services are otherwise permitted under the firm's general trading access policy.

6- Personal Verification and Contract Signing
The account holder must personally complete the entire KYC process.
No third party is permitted to complete verification on behalf of the account holder.

After successful verification, the trader must sign the trader agreement through the dashboard when required by the firm.

7- Additional Verification
The firm may request additional verification procedures or an interview to review the account or trading activity.
Interviews are not a mandatory requirement for every trader.

8- Failed Verification
Failure to complete KYC successfully prevents eligibility for a funded account and the processing of payouts.
It may also result in termination of the relationship with the firm, in accordance with its policy.

Identity verification is handled by the third-party provider Sumsub, which makes the final decision on verification approval.

Maximum Capital Allocation at Moneta Funded

1. Challenge accounts:
There is no limit on the number of accounts that may be purchased and traded during the evaluation stage.

2. Funded accounts:
• Phoenix program: maximum allocation of $2,000,000.
• Other programs, including Instant, One-Step, and Two-Step: maximum allocation of $100,000 per program.

3. Overall limit per trader:
Different programs may be combined up to a maximum total Funded allocation of $2,300,000.

4. Combining accounts:
• Multiple accounts within one program are allowed as long as the program's $100K cap is not exceeded. Example: two $50K accounts are permitted, but $100K plus $50K in the same program is not.
• Different programs may be combined. Example: $100K Instant plus $100K One-Step is allowed.

Summary:
Evaluations are unlimited; Funded allocation is capped by program; total Funded allocation is capped at $2.3 million.

Moneta Funded supports a range of trading strategies, provided they reflect genuine market analysis and disciplined, sustainable risk management.

Strategies designed to exploit simulated trading conditions, execution mechanics or excessive risk exposure are prohibited.

1- Martingale Trading
Repeatedly increasing position sizes or overall exposure after losses in an attempt to recover them through a single winning trade is prohibited.

Occasional, modest position adjustments may be acceptable when total risk remains controlled and exposure does not increase excessively.

2- Reverse Trading
Coordinated opposing trades across multiple Moneta Funded accounts, or between Moneta Funded accounts and accounts at other firms, are prohibited.
Violations may result in account closure and a ban from future participation.

3- High-Frequency Trading (HFT)
Executing extremely high volumes of rapid trades to exploit execution speed, pricing delays or platform mechanics rather than genuine market analysis is prohibited.

Normal scalping and short-term trading are permitted when based on a genuine trading strategy and do not constitute prohibited high-frequency trading.

4- Tick Scalping
Executing large volumes of ultra-fast trades primarily to capture extremely small price movements or exploit tick-level pricing and execution mechanics is prohibited.

5- Hyperactivity and Order Spamming
Excessive order submissions, repetitive order placement or unusually frequent trade activity without a genuine trading rationale are prohibited.
This includes Hyperactivity and Excessive Order Spamming.

6- Grid Trading and Prohibited Hedging
Grid Trading:
Creating a network of buy and sell orders at predetermined price levels around the current market price to exploit price movements in ways that violate the firm's rules is prohibited.

Hedging:
Artificial hedging between accounts is prohibited, including placing opposing positions across multiple accounts to reduce risk artificially.

7- Latency Arbitrage
Exploiting delayed price feeds, differences in data timing or execution latency to obtain an unfair trading advantage is prohibited.

8- One-Sided Betting
Repeatedly trading in one direction without technical, fundamental or other valid market-based reasoning is prohibited.

Consistently trading in one direction is not a violation by itself when supported by a genuine and justifiable trading strategy.

9- Gamification of Evaluation
Strategies primarily designed to exploit evaluation parameters or statistical probabilities to maximize the likelihood of passing without genuine market analysis are prohibited.
This includes deliberately manipulating evaluation or challenge outcomes.

10- Bracketing Trades
Placing opposing pending buy and sell orders around the market price immediately before high-impact economic news to exploit sudden price movements or order execution mechanics is prohibited.

11- Gap and Low-Liquidity Exploitation
Prohibited practices include:
• Artificial exploitation of price gaps.
• Exploiting unusually wide spreads during periods of thin liquidity.
• Taking excessively leveraged positions before market closure to exploit opening gaps.
• Abusing negative balance protection mechanisms.

12- Simulated Environment Exploitation
Exploiting pricing errors, platform glitches or delayed market data to generate profits that would not be reproducible under genuine market conditions is prohibited.

Price or order manipulation, the use of material non-public information and Front Running are also prohibited.

13- Account Sharing and Abuse
The following activities are prohibited:
• Sharing, selling or transferring trading accounts.
• Managing accounts on behalf of another individual.
• Coordinating with other traders to circumvent the firm's rules.
• Using fraudulent or unrealistic trading practices.

Expert Advisors, Copy Trading and News Trading are governed by separate rules explained in their dedicated sections.

14- Risk Management Requirements
Trading activity must reflect realistic and sustainable risk management practices.

The following behaviors may be considered non-compliant:
• Allocating most of the permitted daily loss to a single trade idea.
• Using most available margin in one position or related positions.
• Aggressively increasing exposure to recover previous losses.
• Concentrating excessive risk across highly correlated instruments.

Risk management violations may result in temporary trading restrictions or additional action, depending on the nature of the violation.

15- Penalties and Account Reviews
Moneta Funded reviews trading activity to verify compliance with its rules.

If prohibited trading practices are identified, possible consequences include:
• Account restrictions or suspension.
• Immediate account or challenge termination.
• Disqualification from future programs.
• Non-refundable purchase fees under the firm's applicable refund policy and terms.

The firm may withhold certain details of detected violations to prevent circumvention of its monitoring systems.

Summary:
Trading must be based on genuine market analysis and disciplined risk management rather than exploitation of simulated conditions, execution systems or evaluation rules.
Serious violations may lead to immediate account termination, while certain risk-related behaviors may result in temporary restrictions or additional review.

A Profitable Day is a trading day on which the trader achieves an eligible daily profit of at least 0.5% of the initial account size.

1- Required Profitable Days by Account

1-Step Challenge:
3 profitable days during the funded stage only.
No profitable day requirement applies during evaluation.

1-Step Daily Challenge:
No minimum profitable day requirement.

2-Step Challenge:
3 profitable days in Phase 1.
3 profitable days in Phase 2.
3 profitable days in the funded stage.

Instant Funding:
No minimum profitable day requirement.

Instant Funding Pro:
No minimum profitable day requirement.

Phoenix Instant Funding:
3 profitable days.

2- Definition of a Profitable Day

The trader must achieve an eligible daily profit of at least 0.5% of the initial account size.

Examples:
• A $10,000 account requires at least $50 in daily profit.
• A $100,000 account requires at least $500 in daily profit.

3- How a Profitable Day Is Calculated

The firm uses the lower of:
• Balance at the end of the trading day.
• Equity at the end of the trading day.

The previous day's closing Balance is then subtracted to determine the eligible daily profit.

Formula:
Eligible Daily Profit =
The lower of end-of-day Balance and Equity, minus the previous day's closing Balance.

The result must equal or exceed 0.5% of the initial account size.

4- Example: Impact of Floating Losses

Account size: $100,000.
• Previous day's closing Balance: $100,000.
• End-of-day Balance: $100,800.
• End-of-day Equity: $100,400.

The firm uses the lower value of $100,400.
Eligible daily profit = $400.

Therefore, the day does not qualify as a profitable day because the minimum required profit is $500.

5- Trading Day Calculation Time

Each trading day is calculated according to the firm's designated server or platform time, which may differ from the trader's local time zone.

The eligible end-of-day value is compared with the previous day's closing Balance.

6- Important Rules

• Profitable days do not need to be consecutive.
• The required number must be met separately in each applicable stage.
• New profitable days may still count even if the account Balance is below the initial capital due to previous losses.
• The 0.5% requirement is always based on the initial account size, not the current account Balance.

Summary:
Achieving 0.5% in closed profits alone is insufficient if floating losses reduce the eligible daily profit below the required threshold.
Traders must complete the required number of profitable days for their specific program and stage.
These days do not need to be consecutive.