I have made a little starter studio and I'm currently learning to use an audio interface (my first) with Studio One 3. Basically what I want to achieve, is to monitor my playing while hearing any added effects like EQ, Compressor, Reverb, etc. live while playing. I know this can be achieved by monitoring through the DAW itself, but can it be done while monitoring through my audio interface?

My interface is a Focusrite Scarlett 2i2, where I have a condenser mic connected and that's it. The Scarlett have a Direct Monitor function which works perfectly, but I never hear the effects from SO3 when using this feature. Can this be done?