Ment Funding has garnered attention in proprietary trading firms, offering opportunities for traders to access capital and enhance their trading careers. However, like any financial endeavor, both advantages and disadvantages are associated with choosing Ment Funding as a trading platform. In this Ment Funding review , we’ll review Ment Funding pros and cons to help traders make an informed decision.
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Overview Of The Ment Funding
Ment Funding is a proprietary trading firm established in 2021. It offers a unique approach to funding traders, aiming to bridge gaps in traditional evaluation models. Unlike many prop firms, Ment Funding operates with a one-step evaluation process, eliminating complexities and providing straightforward access to funding of up to $2,000,000. Traders benefit from the absence of both minimum and maximum trading day requirements.
Benefits Of Using Ment Funding
The firm emphasizes transparency and clarity, with all evaluation rules explicitly outlined. It collaborates with Eightcap, a reputable and regulated broker, ensuring traders can access raw spreads as low as 0.0 pips on significant instruments. Ment Funding boasts a dedicated 24/7 support system, with CEO Anton Calmes actively engaging with the community through various channels.
Ment Funding’s inception was rooted in recognizing a need for genuine trading education and fair evaluation methods. This led to mentfx.com, a platform that provided traders with practical knowledge and tools for success. Ment Funding emerged as a response to the shortcomings of conventional two-step funding models, aiming to provide a more equitable opportunity for talented traders.
The firm’s ecosystem supports a diverse range of traders, offering access to over 300 trading instruments across various categories, including Currencies, Indices, Commodities, Stocks, and Cryptocurrencies. With no time limits, traders can define their trading journey, allowing for different styles and strategies.
Account Sizes And Profit Targets
In Ment Funding, traders can choose from various account sizes, catering to multiple trading preferences and risk tolerance. These account sizes vary from $25,000 to $2,000,000, allowing traders to select an amount that aligns with their trading objectives. Ment Funding offers a one-step evaluation program with seven different account sizes. During the evaluation phase, traders aim to reach a profit target of 10% while adhering to a 5% maximum daily loss and a 6% maximum drawdown rule. Once a trader meets these criteria, they become eligible for funding on accounts up to $2,000,000 with a 75% profit split.
Review Ment Funding Pros And Cons
Ment Funding Pros
These features are associated with Ment Funding, a proprietary trading firm:
- Live-funded accounts: Traders have access to live-funded accounts. Funding can go up to $2,000,000 per account.
- One-step Evaluation: Ment Funding provides an uncomplicated one-step evaluation program for traders.
- Variety of trading instruments: Traders can access various trading instruments, including all forex pairs, commodities, indices, stocks, and cryptocurrencies.
- No minimum and maximum day limits: There are no specific minimum or maximum day requirements for trading.
- Trading Aides And Techniques: Traders at Ment Funding have the flexibility to utilize an array of trading aids and techniques, encompassing Expert Advisors (EA’s), copy trading, custom scripts, specialized indicators, and hedging strategies. This enables them to implement diverse trading approaches tailored to their preferences and objectives.
- News trading Permitted: News trading is permitted, allowing traders to incorporate current events and economic indicators into their strategies.
- Limitless trading style: Traders can adopt their preferred trading styles without restrictions.
- Low Refundable Access Fees: Ment Funding stands out with low refundable access fees such as $250. This means that traders can get started with a relatively small initial investment, making it accessible to a wide range of traders, including those who may be just starting their trading journey.
- Collaboration with Established Brokers: The firm collaborates with reputable brokers like Eightcap, IC Markets, and ATC Brokers. This partnership with established brokers ensures a reliable trading environment for participants, adding more credibility to the platform.
- Diverse Funding Options: Ment Funding offers various funding programs, each with different profit targets, maximum loss limits, and refundable fees. This diversity allows traders to choose a program that aligns with their trading style and risk tolerance. It provides flexibility, catering to a broad spectrum of trading preferences.
- Access to Capital: One of the most significant advantages of Ment Funding is its provision of capital to traders. Through their evaluation process, successful traders can become “funded traders” and trade with the firm’s money. This access to capital allows traders to take more prominent positions and potentially increase their profits.
These features collectively offer traders a flexible and accommodating environment for executing their trading strategies with Ment Funding.
Ment Funding Cons
The drawbacks of Ment Funding are as follows.
- 6% Maximum Trailing Drawdown: Ment Funding enforces a 6% maximum trailing drawdown rule. This means traders must be cautious to stay within a 6% loss from their highest profit point. This strict risk management requirement may limit the trading strategies employed.
- Stop Loss Requirement: Traders using Ment Funding are required to implement stop-loss orders. While this is a common risk management practice, it may be considered a constraint for some traders who prefer more flexibility in their trading approach.
Third-Party Ratings And Reviews
In Trustpilot, Ment Funding has a rating of 4.8. The reviews are emphasize the positive user interface and great customer service.
Final Verdict: Review Ment Funding Pros And Cons
After evaluating the pros and cons of Ment Funding, it’s clear that this platform offers a range of opportunities for traders. With flexible account sizes and a structured evaluation program, it provides a platform for traders to grow their capital under management.
Click here for a detailed exploration of the benefits and considerations and to learn more about how Ment Funding could fit into your trading strategy. Whether you’re a seasoned trader or just starting, exploring this platform could be a valuable step toward achieving your trading goals.
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