Faraz Mushtaq Launches Monetro, a New Prop Trading Firm
Former NCM executive Faraz Mushtaq has launched Monetro, a new prop trading firm offering four funded trader challenges and instant funding accounts. Here is what the launch means for traders.
Faraz Mushtaq, a longtime brokerage executive, has launched Monetro, a new proprietary trading firm that offers funded trader challenges and instant funding accounts. The launch marks a move from the broker side of the industry into running a prop firm of his own. For traders considering funded programs, it is a new option to evaluate alongside established providers.
Who Is Faraz Mushtaq?
Mushtaq spent 16 years at Kuwaiti broker NCM after joining in 2010. During that time he held senior marketing roles and helped establish the broker's Category 1 entity in Dubai. That background gives him direct experience with how brokers acquire clients, present their products and build a brand in a regulated environment, which are all areas that shape how a trading firm is perceived by traders.
His move from a broker to a proprietary trading firm reflects a broader shift in the industry. Many traders who once opened a standard live account now look for funded programs that let them trade a firm's capital without risking a large amount of their own money up front.
What Monetro Offers
According to the launch announcement, Monetro provides two main routes into its funded programs:
- Four funded trader challenges, where a trader must first demonstrate their trading under the firm's rules before receiving a funded account.
- Instant funding accounts, which skip the evaluation stage and give eligible traders access to a funded account more quickly.
- Account sizes from $2,500 to $200,000, giving traders a range of capital levels to choose from.
The exact rules for each challenge, including profit targets, loss limits, timeframes and profit-sharing terms, should be checked directly on Monetro's website before signing up. Rules differ widely between prop firms, and the headline account size tells you little about the conditions attached to it.
Mushtaq's Stated Goals for Monetro
In a LinkedIn post announcing the launch, Mushtaq described the challenge of building a business from scratch:
"With Monetro, my goal is to build a firm that gives ambitious traders opportunities to grow, with transparency and consistency at its core."
He also acknowledged that the work ahead is substantial. Building a business, he wrote, brings a different kind of responsibility: turning a vision into something real, earning trust and making decisions that shape its future. He said he plans to share lessons, milestones and progress as the firm develops. For traders, those updates will be one of the few ways to judge whether the firm's stated commitment to transparency holds up over time.
How a Trading Firm Like Monetro Works
A proprietary trading firm provides capital to traders who pass its evaluation or qualify for a funded account. The trader uses the firm's capital under set rules, and the firm and trader share any profits according to the agreed terms. Most programs follow a similar sequence, although the details vary from firm to firm:
- Choose a program. Select a challenge or instant funding option that matches your size and trading style.
- Pay the program fee. Most challenges require an upfront fee, which is usually the trader's main cost before any funding is received.
- Meet the evaluation rules. On a challenge, you must reach the stated profit target without breaching the loss limits set by the firm.
- Receive a funded account. Once you pass, or if you qualify for instant funding, you trade the firm's capital under its ongoing rules.
- Get paid under the profit-sharing terms. Payout schedules and profit splits are set out in the firm's terms, so read them before you start.
Understanding this sequence helps you compare programs on the things that matter, rather than on advertised account sizes alone.
What to Check Before Choosing Any Trading Firm
Whether you are considering Monetro or any other provider, the same questions apply. The table below lists the key areas to review and what to look for in each.
| Area | What to look for | Questions to ask |
|---|---|---|
| Program rules | Clear, written profit targets, loss limits and timeframes | Are the rules published in full before I pay? |
| Costs | Transparent challenge fees and any additional charges | Are there fees for resets, payouts or platform access? |
| Profit sharing | Stated split and payout schedule | How and when are profits paid out? |
| Instant funding terms | Specific conditions for skipping the evaluation | What trading history or conditions apply? |
| Company information | Named management, contact details and a clear business address | Who runs the firm and where is it based? |
| Track record | Verifiable payout history from independent sources | Are there independent reviews or payout records? |
Because Monetro is newly launched, it has no long track record yet. That makes it especially important to read the terms closely and to watch how the firm handles its first payouts and any rule changes.
Risks Traders Should Keep in Mind
Funded programs can look like a low-risk way to trade larger capital, but they carry their own risks. Rules can be strict, a single breach can end an account, and program fees are usually paid whether or not you pass. Trading itself also carries a high risk of loss, and past or early results from any firm do not guarantee future performance. Only pay for a program if you can afford to lose the fee.
How Monetro Fits Into the Prop Firm Market
The prop firm market already includes many providers with different models, rules and reputations. If you are comparing Monetro with established options, our reviews of GFunded, FundingPips and FundedNext cover how those firms structure their programs and what traders have reported. Use the same checklist from the table above for every firm you consider, so that the comparison stays consistent.
For traders who also want to understand the broker side of the business, our guide to FBS Inc offers a useful reference point on how a regulated broker operates. The difference between a broker and a prop firm matters: a broker executes trades for your own money, while a prop firm funds your trading under its own rules.
About Monetro
Monetro is a proprietary trading firm launched by Faraz Mushtaq, who previously spent 16 years at NCM. The publicly announced details are limited to the program types and account sizes described above. Full information on rules, fees and company structure should be taken from Monetro's own website and terms.
The Bottom Line
Monetro is a new entry in the prop firm market, led by an executive with a long background in the brokerage industry. Its announced offering of four challenges, instant funding and account sizes from $2,500 to $200,000 gives traders a clear starting point. The real test will be how the firm performs on transparency, payouts and rule clarity over the coming months. Read the full terms, compare them against other providers and only commit capital you can afford to lose.
Further reading: Proprietary trading (Wikipedia).
