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"
Review
Ment Funding, rooted in educational initiatives from mentfx, has witnessed notable success among traders in recent years. Recognizing the prevalent challenges traders face in securing dependable funding opportunities, the concept of establishing a firm dedicated to fostering a fair trading environment on a global scale emerged.
Ment Funding has established a company with a primary focus on cultivating a just trading environment. Supported by funding investors, they possess the capacity to financially back accomplished traders through live accounts.
Prioritizing the success of its 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 entails passing a one-step evaluation devoid of time constraints or specific requirements. Upon successful completion, traders are eligible for profit splits ranging from 75% to 90% on all generated profits from their funded accounts.
Who are Meant Funding
Ment Funding, established in October 2020, is a respected proprietary firm initially conceived as an educational platform for traders. In June 2021, the company diversified its services, venturing into the proprietary trading business, extending funding opportunities to retail traders. Headquartered in Austin, Texas, within the United States, they provide traders with one-step evaluation account sizes ranging up to $2,000,000 in capital. Ment Funding has strategically partnered with Eightcap, an ASIC-regulated broker based in Melbourne, Australia, solidifying its global presence.
The corporate offices of Ment Funding are situated at 5900 Balcones Drive, Suite 100, Austin, TX 78731.
Funding Options
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 endeavors to identify and support proficient traders, enabling them to realize more substantial returns from their trading endeavors. The program adheres to the principle of “your gains are our gains,” rewarding traders for their consistency during the single-phase evaluation period. The evaluation program account facilitates 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
During the evaluation phase, traders must attain a profit target of 10%, 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 completion of the evaluation phase, traders receive a funded account with no 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 that differs from the evaluation phase. Account balance scaling is not permissible; however, traders can scale their lot size limitations while compounding profits on the funded account. Lot size limits can be increased by 1 lot for every $10,000 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, including 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 makes The Meant Funding different
Ment Funding distinguishes itself from other industry-leading firms by providing a streamlined one-step evaluation program. This unique approach eliminates the imposition of minimum or maximum trading day requirements, enabling traders to execute trades during news events and hold positions overnight.
In contrast to typical proprietary firms, the Ment Funding evaluation program is characterized by a singular evaluation process that mandates traders to achieve and surpass a 10% profit target to qualify for payouts. The program includes specific parameters such as a 5% maximum daily loss, a 6% maximum drawdown, mandatory stop-loss (unless opting for the Upgrade), and constraints on lot size. Notably, the absence of minimum or maximum trading day requirements alleviates time-related pressure for participants.
Furthermore, the evaluation program incorporates a distinctive scaling plan. Unlike other models, this plan does not allow for the scaling of the account balance; instead, traders can only adjust their lot size limitations while compounding profits within their funded accounts.
In summary, Ment Funding stands out in the realm of proprietary firms by presenting traders with a straightforward one-step evaluation program governed by transparent rules. The absence of constraints on trading days, coupled with the flexibility to trade during news and hold positions overnight, further distinguishes this program from its industry counterparts.
Is getting capital realistic
It is imperative to assess the practicality of trading requirements when evaluating proprietary firms that align with your forex trading preferences. While a company may tout an enticing high percentage profit split on a generously funded account, the feasibility diminishes significantly if they mandate lofty monthly percentage gains coupled with minimal percentage maximum drawdowns.
Obtaining capital from evaluation program accounts is largely feasible, given their reasonable 10% profit target alongside adherence to average maximum loss guidelines (5% maximum daily loss and 6% maximum drawdown). Following careful consideration, Ment Funding emerges as a commendable option for securing funding, as its evaluation program accounts present realistic trading objectives and conditions for payout eligibility.
Payment Proof:
Ment Funding, a well-established proprietary firm established in October 2020, 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.
A plethora of payment proof instances is accessible on their Discord channel, where the community routinely shares details of their payouts.
Which brokers does it use
Ment Funding has seamlessly integrated its technology with Eightcap, a Melbourne-based broker regulated by ASIC since its establishment in 2009. Eightcap is committed to delivering exceptional financial services globally, with five offices worldwide and regulatory compliance in multiple jurisdictions. Their offerings span various markets, including FX, indices, commodities, and shares.
Clients can opt for either MetaTrader 4 or MetaTrader 5 as their preferred trading platform on Eightcap. In terms of trading instruments, Ment Funding provides a diverse array, allowing for 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 extends its portfolio to encompass a comprehensive selection of stocks and cryptocurrencies. Trading options include numerous ASX, NAS, NYS, LSE, and GER stocks, as well as high-cap, mid-cap, and low-cap cryptocurrencies. To explore the full list of available stocks and cryptocurrencies, users can log into their spread account using the provided credentials for a detailed overview.
Education and Support
Ment Funding originated from Mentfx, an educational firm, with an extensive repository of free educational content predominantly available on their YouTube channel. Additional content is accessible on their website, albeit requiring a subscription on a monthly or yearly basis.
Although Ment Funding lacks an independent Forex Factory thread, it has garnered multiple mentions in the ‘PROP FIRM HUB’ thread created by Masterrmind. Furthermore, Ment Funding offers traders a compelling dashboard experience, enabling them to monitor their evaluation or funded statistics, receive notifications, request withdrawals when eligible, and access various features such as the Economic Calendar, Announcements, Competitions, Affiliate Portal, among others.
For comprehensive information, Ment Funding has a dedicated FAQ page. Support is available through their social media channels, or direct contact can be initiated on their website, redirecting users to their Discord channel.
Clients review
Ment Funding has garnered 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 prompt and dependable support team accessible via their Discord channel. This team is readily available to offer assistance, whether you need further information or are encountering any issues.
A significant portion of the Ment Funding community highlights the value of their straightforward and lenient trading rules, particularly beneficial for traders managing substantial capital. Unlike many others in the industry, Ment Funding maintains transparency with no hidden 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 stands as a bona fide proprietary trading firm, presenting traders with a choice among various evaluation program account sizes, ranging from $25,000 to $2,000,000. The evaluation programs constitute a single-phase challenge, necessitating successful completion before attaining funding and eligibility for profit splits. Attaining funding with Ment Funding entails achieving a realistic 10% profit target, guided by prudent trading objectives that include a 5% maximum daily loss and 6% maximum drawdown. Notably, traders benefit from the absence of time constraints, as there are no minimum or maximum trading day requirements with Ment Funding. Under the evaluation programs, traders can secure profit splits ranging from 75% to 90%, contingent on account sizes up to $2,000,000.
I would recommend Ment Funding to individuals seeking a proprietary trading firm with a streamlined one-step evaluation process and clear-cut rules. Recognized as a reputable proprietary firm, Ment Funding provides favorable conditions accommodating diverse trading strategies for a broad spectrum of individuals. Following a comprehensive evaluation of Ment Funding’s offerings, it emerges as one of the top choices among proprietary trading firms, offering traders a straightforward one-step evaluation process in the industry.
