REVIEW
Ment Funding
“Ment Funding: In-Depth Review and Analysis for Smart Investment”
“Empowering Traders Worldwide: Ment Funding Review – Unlocking Success in Trading with a Reliable and Fair Environment by mentfx”
Ment Funding, originating from educational initiatives by mentfx, has experienced noteworthy success among traders in recent years. Recognizing the prevalent challenges faced by traders in securing reliable funding opportunities, the concept of establishing a firm dedicated to fostering a fair trading environment on a global scale has materialized.
Ment Funding has founded a company with a primary emphasis on cultivating an equitable trading environment. Supported by funding investors, they possess the capability to financially support accomplished traders through live accounts.
Prioritizing the success of traders’ careers, Ment Funding facilitates the opportunity for them to increase their earnings by trading up to $2,000,000 in balance per account. Attaining funding involves passing a one-step evaluation without time constraints or specific requirements. Upon successful completion, traders become eligible for profit splits ranging from 75% to 90% on all generated profits from their funded accounts.
Who are them?
Established in October 2020, Ment Funding is a reputable proprietary firm originally conceptualized as an educational platform for traders. Expanding its services in June 2021, the company entered the proprietary trading sector, offering funding opportunities to retail traders. Headquartered in Austin, Texas, USA, Ment Funding facilitates one-step evaluation account sizes with capital extending up to $2,000,000. The firm strategically partnered with Eightcap, an ASIC-regulated broker based in Melbourne, Australia, to strengthen its global presence.
Ment Funding’s corporate offices are located at 5900 Balcones Drive, Suite 100, Austin, TX 78731.
Funding Option
Ment Funding offers its traders a one-step evaluation program with seven different account sizes.
One-step Evaluation program account
The Ment Funding Evaluation Program aims to identify and support skilled traders, empowering them to achieve more significant returns in their trading pursuits. The program operates on the principle of “your gains are our gains,” rewarding traders for their consistent performance during the single-phase evaluation period. The evaluation program account allows trading with leverage of up to 1:10 (1:20 with an upgrade).
Evaluation Phase Pricing:
- $25,000: $250
- $50,000: $450
- $100,000: $750
- $200,000: $1,500
- $400,000: $3,000
- $1,000,000: $7,500
- $2,000,000: $15,000
Throughout the evaluation phase, traders are required to reach a profit target of 10%, while adhering to the 5% maximum daily loss and 6% maximum drawdown rules. There are no specific minimum or maximum trading day requirements. Successful funding is contingent upon achieving the profit target.
Upon completing the evaluation phase, traders receive a funded account without profit targets. The only obligations are to observe the 5% maximum daily loss and 6% maximum drawdown rules. Profit splits, ranging from 75% to 90%, can be requested at any time, with subsequent payouts available on a monthly basis.
Scaling Plan for Evaluation Program Accounts:
Evaluation program accounts feature a scaling plan distinct from the evaluation phase. Account balance scaling is not allowed, but traders can increase their lot size limitations while compounding profits on the funded account. Lot size limits can be raised by 1 lot for every $10,000 in profit earned.
Scaling Plan for Lot Sizes:
| Account Size | Increased Balance | Increased Lot Size Limit |
|---|---|---|
| $100,000 | $105,000 | 10.5 lots |
| $100,000 | $110,000 | 11 lots |
| $100,000 | $115,000 | 11.5 lots |
| $100,000 | $120,000 | 12 lots |
Rules for Evaluation Program Accounts:
- Profit Target: 10%
- Maximum Daily Loss: 5%
- Maximum Drawdown: 6%
- Stop-loss Required (unless Upgrade is purchased)
- Lot Size Limit (can be increased after each 5% account increase)
- No Weekend Holding (unless Upgrade is purchased)
Upgrade Options for Evaluation Program Accounts:
Traders can choose from various upgrade options, such as holding trades over the weekend (10% price increase), double leverage (25% price increase), no stop-loss required (10% price increase), and a 90% profit split (20% price increase). Traders can select one or multiple upgrades based on personal preference.
What's makes it different from other prop firm?
Ment Funding differentiates itself from other leading firms in the industry through its efficient one-step evaluation process. This distinctive method eliminates the imposition of minimum or maximum trading day requirements, providing traders with the flexibility to execute trades during news events and maintain positions overnight.
In contrast to conventional proprietary firms, the Ment Funding evaluation program follows a singular evaluation process that necessitates traders to achieve and exceed a 10% profit target for eligibility for payouts. The program incorporates specific parameters, including a 5% maximum daily loss, a 6% maximum drawdown, mandatory stop-loss (unless selecting the Upgrade option), and restrictions on lot size. Importantly, the absence of minimum or maximum trading day requirements relieves participants of time-related pressures.
Moreover, the evaluation program integrates a unique scaling plan. Unlike other models, this plan prohibits the scaling of the account balance; instead, traders can only modify their lot size limitations while compounding profits within their funded accounts.
In summary, Ment Funding distinguishes itself among proprietary firms by offering traders a transparent one-step evaluation program governed by clear rules. The program’s lack of constraints on trading days, combined with the ability to trade during news events and maintain overnight positions, sets it apart from others in the industry.
Is getting capital real?
It is essential to evaluate the viability of trading prerequisites when assessing proprietary firms aligning with your forex trading preferences. While a company might advertise an attractive high percentage profit split on a generously funded account, the feasibility diminishes significantly if they stipulate ambitious monthly percentage gains alongside minimal percentage maximum drawdowns.
Accessing capital from evaluation program accounts is largely viable, given their reasonable 10% profit target along with adherence to average maximum loss guidelines (5% maximum daily loss and 6% maximum drawdown). After thoughtful consideration, Ment Funding stands out as a commendable option for securing funding, as its evaluation program accounts present realistic trading objectives and conditions for payout eligibility.
Proof of Payment:
Established in October 2020, Ment Funding, a well-regarded proprietary firm, diversified into the prop firm business in June 2021. For your initial payout, you may request it upon achieving funded status and generating any profit on your account. Subsequently, monthly withdrawal requests are permissible.
Numerous instances of payment proof are available on their Discord channel, where the community consistently shares details of their payouts.
which broker they use?
Ment Funding has seamlessly integrated its technology with Eightcap, a Melbourne-based broker regulated by ASIC since its establishment in 2009. Eightcap is dedicated to providing exceptional financial services globally, maintaining five offices worldwide and adhering to regulatory compliance in multiple jurisdictions. Their offerings span various markets, encompassing FX, indices, commodities, and shares.
Clients have the option to choose either MetaTrader 4 or MetaTrader 5 as their preferred trading platform on Eightcap. Regarding trading instruments, Ment Funding offers a diverse array, facilitating trading in forex pairs, commodities, indices, stocks, and cryptocurrencies, with leverage ratios of up to 1:10 or 1:20.
In addition to the aforementioned instruments, Ment Funding expands its portfolio to include a comprehensive selection of stocks and cryptocurrencies. Trading options encompass numerous ASX, NAS, NYS, LSE, and GER stocks, as well as high-cap, mid-cap, and low-cap cryptocurrencies. To access the complete list of available stocks and cryptocurrencies, users can log into their spread account using the provided credentials for a detailed overview.
Education and support fro traders
Ment Funding, an educational entity affiliated with Mentfx, possesses an extensive repository of complimentary educational content predominantly featured on their YouTube channel. Supplementary material is also accessible on their website, albeit necessitating a subscription on a monthly or yearly basis.
Despite the absence of an autonomous Forex Factory thread for Ment Funding, it has garnered multiple references in the ‘PROP FIRM HUB’ thread initiated by Masterrmind. Moreover, Ment Funding provides traders with a sophisticated dashboard experience, facilitating the monitoring of evaluation or funded statistics, receipt of notifications, initiation of eligible withdrawals, and access to various features such as the Economic Calendar, Announcements, Competitions, Affiliate Portal, among others.
For in-depth information, Ment Funding maintains a dedicated FAQ page. Support is available through their social media channels, and direct contact can be initiated on their website, redirecting users to their Discord channel.
Trader's comment about it
Ment Funding has received commendable feedback based on reviews.
On Trustpilot, numerous community members have provided positive comments, resulting in an impressive score of 4.8/5 from 117 reviews. Additionally, the company boasts a responsive and reliable support team accessible through their Discord channel. This team is readily available to provide assistance, whether you require further information or are facing any issues.
A significant portion of the Ment Funding community emphasizes the value of their straightforward and lenient trading rules, particularly beneficial for traders handling substantial capital. In contrast to many others in the industry, Ment Funding upholds transparency with no concealed rules, establishing itself as a reputable proprietary trading firm dedicated to assisting traders in achieving success.
Social media stats
Ment Funding can also be found on social media.
They have a:
- Youtube channel with 360 subscribers and 4 uploaded videos,
- Twitter account with 4,386 followers,
- Instagram account with 9,083 followers, and
- Discord channel with 9,482 members.
Conclusion
In summary, Ment Funding is a legitimate proprietary trading firm that offers traders a selection of evaluation program account sizes, ranging from $25,000 to $2,000,000. The evaluation programs consist of a single-phase challenge that must be successfully completed to qualify for funding and eligibility for profit splits. Achieving funding with Ment Funding involves reaching a practical 10% profit target, guided by sound trading objectives, including a 5% maximum daily loss and a 6% maximum drawdown.
Notably, traders benefit from the absence of time constraints, as Ment Funding imposes no minimum or maximum trading day requirements. Under the evaluation programs, traders have the opportunity to secure profit splits ranging from 75% to 90%, contingent on account sizes up to $2,000,000.
I recommend Ment Funding to individuals seeking a proprietary trading firm with an efficient one-step evaluation process and clear-cut rules. Recognized as a reputable proprietary firm, Ment Funding offers favorable conditions that accommodate diverse trading strategies for a broad spectrum of individuals. Following a thorough evaluation of Ment Funding’s offerings, it emerges as one of the premier choices among proprietary trading firms, providing traders with a straightforward one-step evaluation process in the industry.