Prop trading has always rewarded patience — weeks of evaluations, phase after phase, with payouts weeks away. Moneta Funded just announced it is done with that model, at least for one new product. The firm officially launched its Sprint Challenge on April 15, 2026, a completely reimagined challenge structure that runs for as little as one hour and pays out the same day a trader succeeds.
Backed by the award-winning multi-asset broker Moneta Markets, Moneta Funded is positioning the Sprint Challenge as a fundamentally different entry point into prop firms — one designed for experienced short-term traders who don’t want to spend weeks navigating a traditional multi-phase evaluation.
How the Sprint Challenge Works
The Sprint Challenge strips away almost everything that makes conventional prop evaluations slow and complex. There are no phases, no minimum trading days, and no waiting period for a payout request. A trader buys in, places a trade, and the clock starts.
The structure is built around three choices a trader makes upfront. First, they pick an account size — either $10,000 or $25,000. Second, they choose a multiplier: 2x or 5x. Third, they select a timeframe: 1, 2, 4, or 8 hours. That combination determines both the profit target and the cost of the challenge, which starts at just $30.
During the active window, the trader must reach a profit target between 0.6% and 2% without breaching the maximum drawdown limit. A live dashboard shows the countdown and performance metrics in real time. On success, the full profit is paid out immediately at a 100% split — no deductions, no waiting period.
What Makes It Different from Standard Prop Challenges
The design of the Sprint Challenge is a direct response to a friction point that many funded traders have raised about instant funding prop firms and conventional evaluation programs alike: the gap between proving trading ability and actually getting paid.
Traditional two-step evaluations at most prop firms require traders to pass Phase 1, then Phase 2, then await account verification before they can even request a withdrawal. That process can take anywhere from two weeks to several months. The Sprint Challenge collapses that entire timeline into a single session.
The 100% profit split is also notable. Most prop firms offer splits ranging from 70% to 90% for standard funded accounts, with top-tier splits requiring scaling programs or add-ons. Moneta Funded’s Sprint Challenge offers the full 100% from the very first successful session.
The low entry cost — starting at $30 — also lowers the barrier significantly compared to standard challenge fees that often run from $99 to several hundred dollars for larger account sizes.
Moneta Funded’s Relationship with Moneta Markets
Moneta Funded is not a standalone firm. It operates under the umbrella of Moneta Markets, a regulated multi-asset broker with a track record spanning multiple international markets. This institutional backing is relevant because it gives Moneta Funded access to established trading infrastructure, liquidity, and compliance frameworks that many newer prop firms lack.
The Sprint Challenge appears to draw on that institutional depth — particularly in its ability to deliver same-day payouts reliably. A firm without solid financial infrastructure behind it would struggle to commit to instant payouts across all account sizes and multipliers.
Moneta Markets has received industry recognition through a number of broker awards, and the Sprint Challenge launch represents the firm’s first major structural product innovation since entering the prop trading space.
What This Means for the Broader Prop Industry
The Sprint Challenge is a meaningful signal about the direction prop trading is heading. For years, the industry has been moving toward faster evaluation timelines — from three-phase models to two-phase, then to one-phase, and now to single-session challenges. Moneta Funded’s approach takes that compression to its logical endpoint: a challenge that begins and ends within one trading day.
This matters because it creates a new category of prop product targeting short-term and intraday traders who were never well-served by extended evaluation programs. A scalper or news trader who generates consistent returns within tight windows has little use for a 30-day evaluation. The Sprint Challenge speaks directly to that trader profile.
The 100% profit split is also a competitive escalation. As firms like top-rated prop firms compete for trader attention, the profit split has become one of the primary battlegrounds. Offering 100% from a challenge rather than a funded account sets an aggressive benchmark that other firms may feel pressure to respond to.
The broader question for the industry is sustainability. Same-day payouts at 100% splits require the operational infrastructure to deliver on that promise consistently. If Moneta Funded executes well, it could push other established firms to develop their own sprint-style products — accelerating the industry trend toward faster, more trader-friendly evaluation models.
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Source: Finance Magnates
