Ment Funding is one of the newer proprietary trading firms whose mission is to fund successful traders through a one-step evaluation.
Ment Funding is an offshoot of MentFX, a Forex educational platform. They have a lot of free content on YouTube and a paid mentorship program.
Ment Funding launched in late 2020/early 2021, so they’re newer than other prop firms. However, they have a few really unique funding models which may make them an appealing choice for you.
Ment Funding Options
Ment Funding offers 6 tiers of funded accounts:
- $25,000 for $250
- $50,000 for $450
- $100,000 for $750
- $200,000 for $1,500
- $400,000 for $3,000
- $1,000,000 for $7,500
To get your funded account, you must pass a one-step evaluation in which you need to hit a 10% profit target. You have effectively unlimited time to pass the challenge: there are no minimum trading days, nor are there any maximum trading days.
No minimum trading days means you can hypothetically find a 1:5 trade, risk 2% of your account, and hit the 10% in a single day.
No maximum trading days means you can take as long as you need to hit the 10%.
The absence of the maximum days rule makes for a very fair trading environment. This is very rare among other prop firms, some of which have challenges that are designed to make traders fail.
You must avoid a 4% daily drawdown and a 5% maximum trailing drawdown. More on the maximum trailing drawdown soon.
Once you hit the 10% profit target, you’ll receive your funded account. On your funded account, you can either choose to compound the account size or withdraw 75% as your profit share every single month.
The $2,000,000 account
One of the most unique things about Ment Funding’s funded accounts is that they have an option for a $2,000,000 funded account for a whopping $15,000 challenge fee.
The rules are the same as the other account sizes.
You may wonder what kind of Forex traders would have $15,000 to drop on a trading challenge! If you’re confident in your abilities and you’re looking for more profits, then the only way to really scale up is to scale up your capital.
The high entrance cost of $15,000 effectively filters out any tire kickers. Tire kickers are beginner traders who still are not fully profitable and are just trying to get a funded account by accident.
These are the types of guys that provide the majority of revenue for most other prop firms!
To put things into perspective, if you had a $2,000,000 account and you even made just 1% per month, you could potentially withdraw $15,000 in profits.
Scaling your accounts
Ment Funding does not offer any direct scaling plans for your trading capital. Instead, you’re free to scale up the account size as much as you like using your profits.
At Ment Funding, there are no performance targets. So let’s say you made 10% in a month. You can either choose to keep the 10% and compound your account, or you can withdraw as much money as you need from that 10% and keep the rest for compounding.
This is different from some prop firms where your account is effectively reset every month.
Once you have your funded account, you will have to decide how much you want to scale.
Ment Funding rules
Ment Funding has some of the most flexible rules in the entire industry. Aside from the tight daily drawdown and max loss, you’re pretty much free to trade however you like.
This makes Ment Funding ideal for all types of Forex traders: scalpers, swing traders, and even algorithmic traders.
The only way to lose an account is by violating the drawdown or not trading for more than 45 days.
Aside from that, there are no hidden rules. You can even just throw on copy traders and forget about the whole thing!
How Ment Funding is different from other prop firms
Ment Funding is quite a unique prop firm, so let’s take a look at what makes them worth your consideration.
One step evaluation
One of the most important differences between Ment Funding and any other prop firm is that Ment Funding has a one step evaluation.
You have an unlimited amount of time to achieve the profit target, and once you hit the target, you’ll be given a live funded account with no more questions asked.
The absence of a second step helps keep you rooted in the ground. Sometimes, after you pass the first stage, you go crazy in trying to pass the evaluation and end up risking too much money only to lose the challenge!
Although the rules for Ment Funding are quite tight, you can opt to buy “upgrades” at the time you checkout to increase some limits on your trading account:
- For an extra 10%, you can hold trades over the weekend
- For an extra 25%, you can double your leverage to 1:20
- For an extra 10%, you can be exempted from using a stop loss
You can also combine all or any of these upgrades on your account.
Realistically speaking, you won’t need any of the upgrades except maybe the higher leverage if you plan on taking bigger trades with tight stop losses.
Trading real money
Ment Funding proudly advertises that their funded traders trade proper live accounts, not just demo accounts connected to a master account.
There’s hardly any prop firm out there that literally puts their money where their mouth is, so this is quite a refreshing change.
Partnership with EightCap
Ment Funding has a partnership with EightCap, which is a Forex broker. This allows them to provide live accounts to their traders. Even if EightCap is not available in your country, you’ll be able to trade with them through Ment Funding.
Maximum trailing drawdown
When you get a trading account with Ment, there’s a maximum trailing drawdown you have to abide by.
The initial drawdown is 5%, which means that you can’t dip below 5% of your initial funding account balance.
So if you had a $100,000 account, you can’t go below $95,000.
Once you hit $105,000 in profits, your maximum trailing drawdown is fixed at $100,000. Even if you traded all the way up to $200,000, your drawdown is still $100,000.
This lets traders really get comfortable with compounding their account.
Is it realistic to get funded with Ment funding?
While most retail traders on the foreign exchange market blow their trading account faster than you can say the word “pip”, Ment Funding’s trading rules are actually really reasonable.
The absence of a time limit is probably the biggest factor that alleviates almost all pressure from the challenge.
You’re free to trade only the best setups to make sure that you go into minimal drawdown and get back more profits.
What traders say about Ment Funding
Ment Funding has decent reviews on TrustPilot, though not as stellar as some of the other prop trading firms out there.
Among the complaints to stand out were:
- very expensive challenges
- longer-than-usual times to reply to customer issues
- No crypto withdrawal option
The last option may be a deal-breaker for traders who are unable to receive money directly into their bank accounts.
Ment funding is an educational platform and prop firm combined into one. New traders may balk at the higher prices, and experienced traders may not like the absence of a scaling plan. Aside from those two drawbacks, there’s little to not like about this prop firm.
If you’re looking for a one step challenge that you can finish on your own time without worrying about over-trading or risking too much, check Ment FX out here.