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  1. What is Ment Funding?
  2. Ment Funding Pros Cons
  3. Is Ment Funding Legit?
  4. Ment Funding Challenge
  5. Funded Account
  6. Account Conditions
  7. Payout
  8. 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 AdvantagesMent Funding Disadvantages
Lower Profit TargetNo Strict Overseeing
Good PricingIt is hard to become Funded Trader
Great variety of Balances with Low Registration FeesLimited Instrument Range
Good range of AccountsOnly MetaTrader Platform
MT5 and MT4 with EAs
Refundable Fee once you become Funded Trader
Ment Funding Website

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.

  • In contrast to Forex Brokers, Proprietary Trading firms do not operate under the same regulatory framework. As a result, they generally have lower levels of regulation and are not subject to oversight by industry regulators, making them less secure. Since the company is solely responsible for managing the entire operation and providing funds for trading activities, it’s crucial to fully comprehend all associated risks.

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.

It is best to educate yourself 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 Registration

Ment Funding Challenge Evaluation Rules

Our Ment Funding Review is to examine the structure of the evaluation challenge and the prerequisites for participating in the trading challenge. This entails understanding the specific test requirements needed to secure a Funded Trading Account and assume the role of a Proprietary Trader. Additionally, we aim to clarify the associated costs for traders looking to join, typically based on a 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 trading with Ment Funding, it’s necessary to choose the Model and Account Balance you wish to qualify for. The conditions of the challenge vary slightly depending on the size chosen. Additionally, this choice impacts the registration fee payable to the company to participate in the challenge. However, Ment Funding provides a refund of the fee once you attain the status of a Funded Trader. Please refer to our Registration Fee comparison table below for more details.

  • Ment Funding’s evaluation process is tailored for traders looking to access substantial capital for trading, offering a straightforward and transparent pathway to funding.
  • Ment Funding provides quite a diverse range of starting balance options which includes from $25,000 to $2,000,000
FeesMent FundingFTMOThe 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 RetakeYesYesYes
Is Fee Refundable?YesYesYes

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%. 

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:

Ment Funding Evaluation

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

Upon successful completion of the evaluation, traders are eligible for a profit split starting from 75% up to 90%, depending on the chosen plan and performance​​.

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

We meticulously examine the Broker’s account preferences, including platforms, instruments, and trading costs, as well as leverage levels and trading conditions. It’s crucial to assess these factors as some Brokers may impose restrictions on certain strategies and disallow specific practices in funded accounts. Violation of these conditions may lead to the loss of the account, requiring one to retake the test to regain access. See the detailed breakdown below

Trading Instruments

Ment Funding allows traders to trade a wide variety of instruments across different markets, including forex pairs, commodities, indices, stocks, and cryptocurrencies. This diversity ensures traders have ample opportunities to apply their trading strategies across different asset classes.

Ment Funding Commission

Ment Funding, partnered with ThinkMarkets, offers a commission structure where forex trades cost $6 USD per lot, while trading commodities, indices, and cryptocurrencies incurs no commission. For stocks, US trades are $4 USD per lot, and UK trades are charged at 0.01% per lot, allowing traders to manage costs effectively across various asset classes​​.

Leverage

Ment Funding offers leverage up to 1:100 for all instruments, applicable to your trading account during both the Challenge phase and once you achieve Funded trader status.

Ment Funding App Platform

Ment Funding provides access to the widely-used MetaTrader platforms, offering both MT4 and MT5 versions through their cooperation with MetaQuotes and other technology partners. This collaboration highlights a strong technological backing. However, it’s worth noting that these are the only platforms available. For traders who might prefer different trading software, exploring alternative proprietary trading firms could be a beneficial option.

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.

  • Ment Funding allows a wide range of trading strategies, including News Trading, Swing Trading, EA (Expert Advisor) Trading, and holding positions over the weekend. Additionally, traders have the benefit of using Copy Trading from another Ment Funding account, enhancing the versatility for those employing various strategies. However, it’s essential to be aware of certain limitations, as practices such as High-Frequency Trading, Latency Trading, and Arbitrage are not allowed

Ment Funding conditions

Ment Funding Promotions

We’ve observed that the company periodically offers promotions, including Ment Funding discount codes and other similar discounts. However, these promotions are typically available for a limited time. Therefore, it’s advisable to check the current availability of any discounts or special offers when you sign up.

Ment Funding Alternative Brokers

After examining all the findings regarding Ment Funding, we find that the firm presents an attractive opportunity for funded traders. The company offers competitive costs and provides a range of programs with lower fees, expanding opportunities for traders with reduced expenses.

It’s always wise to evaluate and compare proposals with other proprietary trading firms. Some popular firms may offer similar conditions or may be better suited for specific traders, offering a wider selection of instruments and platforms beyond MetaTrader. Nevertheless, there are distinct advantages to Ment Funding as well. Below, we present our selection of alternatives, along with a table comparing Ment Funding to other companies:

Ment Fudning Alternatives

 

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