Former NCM Executive Faraz Mushtaq Launches Prop Firm Monetro
Faraz Mushtaq, a longtime brokerage executive, has launched Monetro, a proprietary trading firm.
Mushtaq spent 16 years at Kuwaiti broker NCM after joining in 2010. During his tenure, he held senior marketing roles and helped establish the broker's Category 1 entity in Dubai.
Monetro offers four funded trader challenges, with account sizes ranging from $2,500 to $200,000. The firm also provides instant funding accounts.
"I'm excited to share that I've started Monetro, a prop trading firm," Mushtaq wrote in a LinkedIn post. "Building a business brings a different kind of responsibility: turning a vision into something real, earning trust, and making decisions that shape its future. There's plenty to learn and a lot of work ahead, and I'm ready for the challenge.
"With Monetro, my goal is to build a firm that gives ambitious traders opportunities to grow, with transparency and consistency at its core.
"Thank you to everyone who has supported me along the way. I look forward to sharing the lessons, milestones, and progress as this journey unfolds. Here's to the next chapter."
Valetax Broker Details
Founded 2019 · St Vincent and the Grenadines- Max leverage
- 1:2000*
- Min. deposit
- $1
- Spreads from
- 0.0 Spreads From
- Platforms
- MetaTrader 5, MT5 WebTerminal, MT5 for Android, MT5 for iOS, MT5 for MacOS, MetaTrader 4, MT4 WebTerminal, MT4 for Android, MT4 for iOS, MT4 for MacOS
- Funding methods
- Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, FasaPay, Internal transfer, Local Deposits, Bitcoin, TrustPay, Boleto, Multiple local methods, Sticpay, PayTrust, PayRetailers, Payment Asia, Crypto, Absa , Help2pay, Pix
- Base currencies
- EUR, USD, GBP, SEK, DKK, ZAR, NOK, PLN, AUD, AED, CZK and More
- info@valetax.com
- Headquarters
- Suite 305, Griffith Corporate Centre, Beachmont, P.O Box 1510, Kingstown, St Vincent and the Grenadines.
Risk warning: Forex and CFD trading on margin carries a high level of risk. A bonus does not reduce that risk. Only trade with money you can afford to lose.
