What is MonaxaProp and how does it work?
MonaxaProp is a trading evaluation program using virtual capital. Traders showcase their skills in a risk-free, simulated environment. If they pass the evaluation, they can earn up to 90% of profits and potentially access real funding through a scaling plan.
How is MonaxaProp different?
MonaxaProp is backed by the regulated broker Monaxa.com. It offers professional tools like MT5, real data feeds, and education via Acadamis. Successful traders may transition into real broker opportunities through the EarnWorkz trade desk.
What kind of challenges does MonaxaProp offer?
Traders complete a two-step evaluation using demo accounts. If they succeed, they enter a Profit Split Phase with up to 90% real profit payouts. After four consecutive payouts, they qualify for the Scaling Plan, which increases the account size by 25%.
How do I buy a MonaxaProp Challenge?
Login to the Monaxa Portal and click on the MonaxaProp Tab found in the left side menu. Pick a challenge size (e.g., $10K–$100K), review rules, and pay via card, crypto, or other options. Start trading once your account is activated.
Why is there a fee to join the challenge?
The one-time fee covers operational costs. It gives you access to virtual trading with real payout potential. If you succeed, you can earn up to 90% of profits and grow your trading career.
How do I get paid my profit share?
Earn at least 5% profit in the Profit Split Phase to qualify for payout. Your challenge fee is refunded after the first successful payout. Payments are made after KYC verification, using your chosen method.
Can I buy multiple challenges?
Yes, you can buy and manage multiple challenges at once. Each runs independently, offering the benefit of using different strategies to increase earning potential.
How can I track my challenge progress?
Use your Evaluation Dashboard to monitor profits, drawdowns, trading days, payout history, and active challenges in real time.
Can I trade news events or hold trades overnight/weekends?
News Trading: Allowed, but avoid trading 5 minutes before/after major economic releases.
Overnight Trades: Allowed, with swap fees.
Weekend Holding: Not allowed, close all trades before Friday market close.
What is the 30% Consistency Rule?
To pass the step 2 and step 3, no single day's profit can be more than 30% of the total target. This promotes consistent, low-risk trading.
What is the account type for each challenge?
Each MonaxaProp challenge is traded on a professional-grade MT5 demo account, offering real market spreads, fast execution, and full access to all trading instruments.
What is the leverage on each challenge?
The leverage is set at 100:1, providing balanced exposure while encouraging disciplined risk management.
Does holding a single position for the minimum trading days pass the challenge?
No. Simply holding a position for the required 4 trading days is insufficient. You must actively trade on at least 4 separate days to demonstrate consistent and engaged trading behaviour.