- What is Ment Funding?
- Ment Funding Pros Cons
- Is Ment Funding Legit?
- Ment Funding Challenge
- Funded Account
- Account Conditions
- Payout
- Ment Funding Alternative
Our Review Method
- 55Brokers Financial Experts with over 15 years of experience in Trading check and verify carefully Proprietary Trading Firm offerings and what the challenge you have to pass to become a Funded Trader to give an expert opinion on Ment Funding and its reliability
What is Ment Funding?
Ment Funding is a proprietary trading firm that provides traders with the opportunity to trade with significant capital, up to $2,000,000 per account. Founded in 2021, it stands out in the prop trading industry by offering a unique, simplified one-step evaluation process for traders to qualify for a Funded Account. This approach distinguishes Ment Funding from other firms that may have more complicated evaluation or multiple-step processes.
Ment Funding, as a proprietary trading firm, provides a distinctive opportunity for individuals to participate in actual trading with minimal personal funds required. To become a funded trader, which means trading with the company’s funds, all a trader needs to do is successfully complete a test or challenge to gain access to a funded account. Once achieved, they can trade with a company account like a professional trader. Read more about Prop Trading here.
| Ment Funding Advantages | Ment Funding Disadvantages |
|---|---|
| Lower Profit Target | No Strict Overseeing |
| Good Pricing | It is hard to become Funded Trader |
| Great variety of Balances with Low Registration Fees | Limited Instrument Range |
| Profit Share from Challenge | Only MetaTrader Platform |
| MT5 and MT4 with EAs | |
| Refundable Fee once you become Funded Trader | |
| Good range of Challenge Models | |
| Free Competitions |
Is Ment Funding Legit?
Ment Funding, operating in the United States, adheres to the regulatory standards and rules that govern financial and trading activities within the country. By partnering with Eightcap, an ASIC-regulated broker, Ment Funding ensures that its operations align with the necessary compliance frameworks to offer secure and regulated trading environments for its users.
- However, as a typical rule, compared to Forex Brokers, Prop Trading firms are not operating under the Forex Broker license, therefore, are much less regulated and are not overseen by the industry regulators, as such are not highest level safe, since company is the one who maintains the whole operation and giving Funds to run Trading activity, so is important to understand all risks involved.
Is Ment Funding Scam?
We examined the official information concerning Ment Funding and found no evidence suggesting that the company operates as a scam. However, it’s important to note that proprietary trading firms generally do not fall under strict regulation by financial authorities, making it challenging to categorically determine the legitimacy or the true nature of such firms.
As our professional advise, it is best to learn well about Prop Trading, understand risks and choose Company with a good reputation also one operate for many years so the proposal is more stable. Yet, since you do not invest much money to trading but just pay subscription fees the potential losses still considered lower if compared to engaging into Real Trading with your own funds.
Ment Funding Challenge Evaluation Rules
Getting to the most important point in our Ment Funding Review is to check how the evaluation challenge is established and what are the conditions to sign-in for trading challange. It means what kind of test you have to pass in order to obtain Funded Trading Account and become a Proprietary Trader, also what are your costs as a trader to become one typically based on Registration Fee.
- The main goal of Challange or Test to prove your trading ability, while Ment Funding’s one-step evaluation process is designed to streamline the path to obtaining a funded trading account, setting it apart from many other proprietary trading firms that might require multiple stages of evaluation.
Account Balance and Registration Fee
Before you get started for Ment Funding login you will need to select the Model and Account Balance for which you would like to qualify for, based on the size you choose the conditions of the challenge are slightly different. Besides it reflects on registration fee, which you have to pay to the company to participate into the challenge, yet Ment Fundingoffers a refund of the fee once you become Funded Trader.See our Registration Fee comparison table below:
- Ment Funding’s evaluation process is tailored for traders looking to access substantial capital for trading, offering a straightforward and transparent pathway to funding.
- Overall, Ment Funding Fee conditions and Account Balances are quite attractive, we found account size and fees starts from lower than competitors’ level, which is a plus.
- Ment Fudning provides quite a diverse range of starting balance options which includes from $25,000 to $2,000,000
| Fees | Ment Funding | FTMO | The Funded Trader |
|---|---|---|---|
| Minimum Account Size | $25,000 | $10,000 | $50,000 |
| Fee | $250 | €155 | $289 |
| Maximum Account Size | $2,000,000 | $200,000 | $400,000 |
| Fee | $15,000 | €1 080 | $1,869 |
| Reset or Test Retake | Yes | Yes | Yes |
| Is Fee Refundable? | Yes | Yes | Yes |
Profit Target
So the challenge itself includes numerous rules you have to follow to prove your sucessful strategy and performance, one the most important parameters is Profit Target, which is set based on the challenge you select. The firm’s one-step evaluation program aims at a 10% profit target, with rules in place to manage risk effectively
Maximum Loss
That is another challanging rule included in ever Prop Trading test, it is important to clarify there are two Loss levels important to follow, one is Maximum Daily Loss set to 5% for all Account and Maximum Overall Loss set to 6%.
- To clarify well All set rules have to be in line at the stage of challenge, otherwise your test will be canceled and you will either have to reset it, meaning pay another reset fee to participate to challenge from the beginning.
Minimum Trading Period
Ment Funding’s one-step evaluation process for traders looking to manage funded accounts does not impose a minimum trading period requirement.
See detailed table with Ment Funding Challenge conditions based on Account Size:
Free Trial
Ment Funding does not offer a free trial for their evaluation program. This is consistent with some proprietary trading firms that provide free trials, but Ment Funding is not among them according to a recent comparison of prop firms and their offers regarding free trials.
Ment Funding Funded Account
Once the test or the challenge is successfully passed trader will get his Funed Account set, which may typically take few business days to activate. It is important to note, that the account conditions and balance will be exactly as the one you qualify for in your test, in case you would like to change Account to higher grade there will be a need to pass test from the very beginning for the Account Balance you prefer to trade with.
Profit Split
At Ment Funding once the targets achieved and Funded Account been granted, you will start trading on Ment Funding Account with an 80% profit split which along the successful performance can be increased all the way up to 90% based on your performance, that we found in our evaluation quite attractive porposal.
Payout and Withdrawals
Payouts after the first can be requested monthly, and the process for withdrawing profits involves submitting a request to the company, which then deposits the trader’s share of the profits into their account, allowing for various withdrawal methods
Withdrawal Method
Ment Funding, in collaboration with Deel, handles the management of trader agreements and profit withdrawals. When traders are ready to withdraw their earnings, they initiate the process by emailing Ment Funding with the withdrawal amount request. The company then deposits the trader’s share of the profits into their Deel account. From there, traders can withdraw their funds through various methods available on the Deel platform, including wire transfer, PayPal, Payoneer, Coinbase, Revolut, ACH, and other popular payment methods.
Account Conditions
For Account Conditions themselves, we check carefully whether Broker has various account preferences, also what Platforms, Instruments and Trading Costs are applicable. It is also important to check Leverage levels and Trading conditions offered, since some Brokers may restrict some startegies and do now allow specific practices in Funded accounts, which may result in loss of Account therefore to regain it you will need to pass the test again. See detailed breakdown below:
Trading Instruments
Trading Instruments Range offered by Ment Funding is quite modest and includes only Currency Pairs, Commodities and Indices, however these are mostly traded instruments by majority of Forex Traders so we consider offering still favorable. Nevertheless, if you prefer other Instruments like Stocks or Futures to trade better to consider alternative Prop Firm.
Ment Funding Commission
Another point we check is the Commission or Spread on the trades themselves, this conditions are quite favorable at Ment Funding as the Broker offers Commission basis of only 3$/Per Lot per round for COmmodities and Currencies, and 0$ for Indices, which is lower than industry average too.
Leverage
Ment Funding Leverage which you can use to the trading account in both stages under the Challenge and once you become Funded trader is offered up to 1:100 for all instruments.
Ment Funding App Platform
We found Ment Funding offerings popular MetaTrader platforms, including both verstions MT5andMT4 also company cooperates with MetaQuotes and other technology providers, which is quite good. However, there is no any other Platform offered, so if you prefer different software good to consider Alternative proprietary Trading Companies.
Trading Conditions
Based on our findings, the Ment Funding broker offers two account conditions eith Swap Accounts suitable for swing trading or swap free accounts available in all challenges available for trader who prefer to avoid overnight charges.
- Popular conditions like News Trading, Swing Trading, EA Trading and Weekend Holding are all Permitted in Ment Funding. Besides, trader can use Copy Trading from another Ment Funding account, which is an extra benefit for various strategy traders. Yet, important to note there are some restrictions too like HighFrequency Trading, Latency Trading and Arbitrage are not permitted.
- As for Ment FundingSlippage typically it does not occur, however during News Trading company restricts open and close of any trade 5 minutes before and after the news, since that is a typical time slippage may happen.
Ment Funding Promotions
As we noticed, the company runs some promotions with available Ment Funding discount code available from time to time, as well may include some Ment Funding discounts alike Reset Discount. Yet, conditions usually provided on a temporary basis so good to verify this upon your signing in.
Ment Funding Alternative Brokers
Considering all finds about Ment Funding we conclude Firm to be quite an attractive opportunity for Funded Traders, company offers very good costs compared to industry competiton and opportunities to engage with various programs with lower programs and costs to choose from, which opens up more opportunities for traders with less costs.
Yet, is always good to consider and compare proposal to other Prop Trading Firms, so some of the popular ones may offer similar conditions or might be more suitable for particular traders alike for better choice of instruments and other than MetaTrader platforms. Yet, there are some obvious advantages of Ment Funding exists too, see our selection of alternatives below also table comparing Ment Funding to other Companies:
- FTMO — Great Swing Trading Prop Firm
- Lux Trading Firm —Good for USA Trading on Funded Accounts
- True Funded Trader — Best for Higher Account Size
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