Terms of use.

01What the challenge is

The MonFunded Challenge is a simulated trading evaluation. Accounts are virtual balances priced at live market prices by MonFunded's server. No real position is opened for your account, no money is invested on your behalf, and the balances shown are not deposits.

An assessment runs on a simulated account of $10,000 to $200,000 under one set of rules, the same at every size. Those limits are shown on the rules page and in the app before you pay.

02Assessment fees

An assessment costs a one-time fee from $89 to $1,080, depending on the profile and the account size, paid from your MonFunded wallet to the MonFunded Challenge contract on Monad in USDC, AUSD or MON. A MON payment is swapped to USDC on Kuru inside the same transaction.

Fees are non-refundable once the account is active, as the refund policy explains. One address can run up to 5 assessments at once; a funded account doesn't count against that limit, but one address can hold at most $400,000 of funded account size at a time.

03Rules

Every account has a daily loss limit, measured from its equity at 00:00 UTC, and a maximum drawdown, a static floor under the starting balance that never moves. An assessment also has a profit target. There is no time limit and no minimum number of trading days.

Orders fill at the first price published after they reach the server and a short delay it adds (0.2 to 0.5 seconds on Perpl for crypto, 0.05 to 0.15 seconds on MonFunded liquidity for forex and CFDs); a pending order without a fresh price is cancelled. Leverage is capped at the market's own maximum on Perpl for crypto, and on MonFunded liquidity at 50× for forex, 30× for metals and indices and 10× for energies and base metals. Forex and CFD prices come from MonFunded liquidity, MonFunded's own, which takes the other side of those trades; one order, and one instrument's open positions together, are each capped at $5,000,000 on forex, $2,000,000 on metals and indices and $1,000,000 on energies and base metals, and a position can't be closed while its instrument is closed or MonFunded liquidity is paused. Each position must stay open at least 60 seconds before you close it.

Breaking a limit, in either phase, closes open positions at market and ends the account permanently. There are no resets.

04Fair play

Copy trading between accounts (the same market, side and size on two or more accounts within 10 seconds, 3 times in one UTC day, whoever holds them, or its mirror image at opposite sides) and shared accounts (one person behind several addresses, or several people behind one) are not allowed.

The server records the signals that suggest either, including IP addresses, and holds a payout for review the moment one is found. A person reviews them and may end an account for conduct: open positions are closed at market, the account fails, the fee is kept and no further withdrawals are accepted.

You may use software agents, including the MonFunded plugin for MetaMask Agent Wallet, to trade your account. You are responsible for everything your agent does: the same rules apply, including the cap on assessments per wallet (5 at once) and no copy trading or shared accounts. Fees an agent pays are non-refundable, and payouts go only to the wallet that owns the account.

05Funded accounts and the profit split

Reaching the profit target with no open positions makes the same account a funded account. Its balance resets to the account size; profit above the target at that moment is not paid.

Funded traders may request a payout on demand, once profit reaches $10: it takes the whole profit above the starting balance at once, there is no amount to choose, and the account pauses until that payout is released or declined. Released, the account resumes trading from its starting balance. Of every amount paid out, 80% goes to the trader and 20% stays with MonFunded. A payout the reserve could not cover is refused before it happens; an accepted payout is never reversed.

06Payouts

Payouts are made by the MonFunded Challenge contract on Monad from its public reserve, in USDC or AUSD as you choose, only to the address that paid for the assessment. MonFunded's server signs every withdrawal; the operator sends the payout, and you may also claim a signed withdrawal from the contract yourself. Payout wallets may be screened before payment.

07Affiliates

Signed-in MonFunded users can share a referral link and earn 20% of every challenge fee a referred customer pays, for life: their first purchase, a retry, or a bigger plan. A referred customer pays the same price; there is no discount.

Only new sign-ups within 30 days of clicking your link earn you a commission; existing users cannot be referred. If someone uses multiple links, the most recent one gets the commission.

Each commission is held for 30 days, then paid automatically, once a day, in USDC to the affiliate's wallet, once their due commissions reach $10.

Self-referral, fake or shared accounts, and spam are not allowed. A commission can be voided for abuse.

08The Live tier

MonFunded may invite funded traders to operate a real Perpl account that MonFunded funds and owns. The operator can trade it but can't withdraw from it, and MonFunded's risk engine applies the same limits. The terms of each Live account are given with the invitation and can end at any time.

09Who may take part

You must be at least 18 years old. MonFunded may refuse or end the participation of traders in jurisdictions under sanctions, or where a service like this is not allowed, and may refuse any address at its discretion. Checking the rules that apply to you, including tax, is your responsibility.

10Hackathon software, no guarantee

MonFunded was built for a hackathon. It is provided as is, without warranty. Prices, fills and rule checks depend on third-party data that can be late or wrong; the server can be down; the service may change or end at any time.

11Your wallet and the app

Your MonFunded wallet is self-custody: MonFunded never holds your keys or your coins and can't reverse a transaction. Swaps run on Kuru and perps on Perpl, under their own terms. Trading carries risk, including the loss of everything you trade. Nothing on this site is financial advice.

12Data

What MonFunded stores and why is in the privacy policy.

13Changes

These terms may change; the date at the top says when. Using the challenge after a change means you accept it. A running account keeps the rules it started with.