Proprietary trading firm Moneta Funded, backed by Dubai-based broker Moneta Markets, launched its Sprint Challenge on Tuesday, a new evaluation format with trading sessions lasting between 1 and 8 hours.
Traders select an account size ($10,000 or $25,000), a multiplier (2x or 5x), and a time window, with entry fees starting from $30. The evaluation begins when the first trade is placed and runs for the chosen duration. To pass, traders must hit a profit target of 0.6% to 2% without breaching the maximum loss limit.
If they are successful, they get a multiplier of the fee they paid for the challenge.
“This is the prop trading experience traders have been waiting for,” said David Bily, Founder and CEO of Moneta Funded and Moneta Markets. “We created the Sprint Challenge for ambitious traders who don’t have weeks to spend on evaluations. Whether you have one hour before work, a lunch break, or a quiet evening, you can now turn your skill into immediate cash with total clarity and zero unnecessary complexity. It’s effort, result, payout, all in the same day.”
Traders cannot execute news trades, gap trades, or trades during the 5-minute window before or after major economic announcements and key market opens in New York, London, and Asia. Otherwise, strategies remain unrestricted.
Sprint Challenge sits alongside Moneta Funded’s existing One-Step, Two-Step, Instant Funding, and Phoenix programs, which offer longer evaluation cycles and access to funding up to $2,000,000. The firm’s broker backing gives traders institutional-grade execution and tight spreads from 0.0 pips, compared to standalone prop firms relying on third-party liquidity.
The product is very similar to the Day Trader Challenges that Eightcap launched at the end of last year, esentially providing traders with a fixed-odds challenge that operates on much lower time frames.
