Ment Funding Review
Ment Funding provides a 1-step funding evaluation with no time limits to get access to trade a funded account with up to $2,000,000 and a 75% profit share.
Ment Funding was founded in October 2020 under the name mentfx. They initially offered traders education and realised that many were struggling to raise funds to implement everything that they had learned. In June 2021, they set out to discover top trading talent through fair evaluation and the provision of live accounts. You can get a funded account up to $1,000,000 if you pass the evaluation phase and share 75% of the profits.
Ment Funding was created to provide funded accounts to prop traders with no hidden rules and a simple evaluation program that has achievable targets. With backed funding from investors, they are given the ability to fund successful traders with live accounts and bask in your success.
1-Step Evaluation
Everyone deserves a fair chance which is why there is a single step evaluation to prove you have the trading skills and risk management to pass the evaluation phase and qualify for a funded account. There are no hidden rules or simulated environments, everything is kept is simple as possible.
| $25,000 | $50,000 | $100,000 | $200,000 | $400,000 | $1,000,000 | |
|---|---|---|---|---|---|---|
| Target | 1-Step Evaluation = 10% | 10% | 10% | 10% | 10% | 10% |
| Min/Max Trading Days | None | None | None | None | None | None |
| Daily Max Loss | $1,000 | $2,000 | $4,000 | $8,000 | $16,000 | $40,000 |
| Overall Drawdown | $1,250 | $2,500 | $5,000 | $10,000 | $20,000 | $50,000 |
| Available Leverage | 1:10 with standard price (1:20 with upgrade) | 1:10 (1:20) | 1:10 (1:20) | 1:10 (1:20) | 1:10 (1:20) | 1:10 (1:20) |
| Live Account Profit Split | Keep 75% or compound your account, first withdrawal whenever you want | 75% | 75% | 75% | 75% | 75% |
| One Time Fee | $250 | $450 | $750 | $1,500 | $3,000 | $7,500 |
A big advantage that Ment Funding has over some prop firms is that they do not have any restriction on minimum or maximum trading days. Therefore, you can pass on the same day or choose to take your time. This makes them suitable for traders with all different trading styles, including scalping, day trading and swing trading.
Trading Strategies
You can trade any strategy that you wish with Ment Funding. There is no limit on your trading strategies like some prop firms, which gives you greater freedom. They allow news trading, weekend trading, overnight holding, hedging and automated prop trading with expert advisors (EAs).
However, there are some ways in which you can breach the terms and lost an account to be aware of. These include the following:
- Drawdown Rule
- Daily Loss Rule
- Inactivity of 30 days
Your participation in the programme will be cancelled, and any fees paid to Ment Funding will likely also be forfeited, if the prop firm determines that your trading involves Malicious Practices.
Simply explained, it’s against the rules to take advantage of arbitrage pricing or delay. It is forbidden to utilise dishonest techniques, such as delay pricing, to gain an advantage in a test environment. This comprises:
- Exploiting errors or latency in the pricing and/or platform(s) provided by the Broker
- Utilizing non-public and/or insider information
- Front-running of trades placed elsewhere
- Trading in any way that jeopardizes the relationship Prop Account has with a broker or may result in the cancelling of trades
- Trading in any way that creates regulatory issues for the Broker
- Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass assessment accounts
- Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account.
Daily Loss
The Daily Stop Loss determines how much money your account can lose each day.
The amount from the previous day, which resets at 5 PM EST, is used to compute the daily stop loss. Since the balance alone methodology enables you to scale gains without worrying about losing your account, unlike other prop firms, they do not base estimates on prior day equity. The Daily Stop grows as your account balance does.
For instance, if your account’s equity rose to $96,000 during the day and your end-of-day balance at 5 p.m. EST the previous day was $100,000, you would have violated the daily stop loss limit.
Your maximum loss for the current day (5 pm EST) is based on your balance from the previous day ($100,000) if your floating equity is +$5,000 on a $100,000 account. Hence, your daily loss cap would remain at $96,000.
Trailing Drawdown
The Maximum Trailing Drawdown is initially set at 5% and tracks your account (using closed balance – not equity) until you have realised a 5% return on your investment. The Maximum Trailing Drawdown stops trailing after you reach a 5% return and is permanently locked in at your starting balance. Now that you have established yourself as a successful trader and may freely compound an account, you have greater trading options.
For instance, if you start with $100,000, you can withdraw up to $95,000 before breaking the Maximum Trailing Drawdown regulation. Let’s imagine you increase your account to a closed balance of $102,000. As a result, your new Maximum Trailing Drawdown would be $97,000. This is your new high-water mark. So, let’s imagine you increase your closed balance to $105,000, which would represent your new high-water record. At this point, your $100,000 initial amount would serve as the fixed value for your Maximum Trailing Drawdown. You would therefore only break this rule if your account drew back down to $100,000, regardless of how high your account rises (note, you can still violate the daily drawdown). For instance, if you increase your account to $170,000, you would only breach if your account equity reached $100,000, provided that you do not drawdown more than 4% in any given day.
Running Risk Rule
Your maximum lot size will be accessible and visible in the Trader Dashboard. That will be consistent with your account’s leverage and total buying power. All positions will be automatically closed if you open more positions than the permitted lot size. This is not seen as a violation, and you are free to resume trading or reopen previous positions. Both assessment and funded accounts must adhere to Eightcap’s margin standards. Before ordering an evaluation, please make sure you are familiar with how leverage and margin are determined and implemented.
Remember that your lot size maximum becomes available if you lock in a trade at breakeven and adjust the stop loss above or below the entry price, making it a risk-free trade. As a result, traders who wish to “load it up” or “hedge” their positions will be able to do so and still be given access to accounts with lesser leverage.
Please note that your margin does not expand. There are some pairs and positions where once you’ve reached break-even, as long as the margin requirements are met, you can add further lots; otherwise, you can’t. As you are selling into an open position when you hedge, the margin is unaffected; therefore, if your trade is at break-even, you can use the freed-up lot size to hedge into positions on the other side.
You have a $100,000 account, for instance. The maximum lot size for your account is 10 lots (available on the Trader Dashboard as well). A position that you open 10 lots on turns profitable. Your transaction is now “risk-free” when you increase your stop loss to break even. As long as margin has not been exceeded, you are now able to buy or sell 10 additional lots up to your maximum allowed size (remember: margin isn’t affected if you are hedging a position, but is affected if you want to continue opening lots in the same direction). You currently have 20 open lots, but since only 10 of them are deemed to be at “Running Risk” (see the paragraph below), this is permitted since the remaining two were made risk-free.
Running risk on a trade cannot, however, exceed the maximum lots; instead, it is not considered running risk if the deal is risk-free (your trade is protected from the entrance price by the stop loss price).
Scaling Rule
Ment Funding provide the scaling rule for Funded Traders using their live accounts. The highest end of traders can compound their accounts and enhance their scalability with larger leverage because they will boost your Max Lot Size on the Account with each 5% rise on your Account.
On the backend, they manually complete this. You can contact them if you want to continue building an account as you compound your earnings and do so with a larger maximum lot size. Following your contact, they will determine the amount your account has increased from its initial beginning balance and raise the lot size in accordance with that amount.
You have a $100,000 funded live account with Ment Funding, for instance. You raise the account to $115,000 in value. They will raise your maximum lot size from 10 lots to 11.5 lots if you email them as a funded member and request it. This will complement the 15% growth in your account.
This is done to encourage prop traders to open up accounts and accumulate significant amounts of capital that they can manage for them. They are able to scale their profits and their rate of profit as they increase their account and unlock higher and higher maximum lot sizes tradeable on that account.
| 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 |
Stop Loss
The prop firm require a stop loss to be put when opening a trade, unless you paid for the upgrade (available on the checkout page when you select an Evaluation). The transaction will be automatically closed if a stop loss is not placed or is placed after it has been opened. You can continue trading and renew a deal with the appropriate stop in place because this is not seen as a violation.
Payouts
You are free to select your first payout whenever you want. You have the option to compound your account indefinitely without asking for a payout. The trader (you) keeps 75% of the withdrawn gains, making the profit split 75/25. The prop firm restrict you to one payout every 30 days, however you can choose the day of your first payout.
To create trader agreements and handle profit withdrawals, Ment Funding collaborates with a business called Deel. After completing your Assessment, Deel will send you an email with details on how to access and finish your Trader Agreement. Your funded account will be created, funded, and issued to you normally within 24-48 business hours following the completion of the agreement and the submission of the necessary Know Your Customer paperwork.
Example: Your account has $100,000 in it. Three days into trading your funded account, you make $15,000 on it, bringing your account balance to $115,000. Email your request for a withdrawal to get it processed immediately.
Important: Your drawdown does not reset following withdrawal; it is permanently locked in at the original amount of your funded account (in this case, $100,000). If you were to withdraw $15,000 in this case, you would have violated the Maximum Trailing Drawdown Regulation (please refer to above). Your drawdown will be limited to the initial balance of the starting account upon your first withdrawal or when you reach 5% profit.
This means that if you have $115,000 and take $10,000 out. Your funded account will be financed, active, and tradeable after you receive payment. Your “max” drawdown is now $5000 due to the drawdown being capped at the initial $100,000. This implies that if you multiply a $100,000 by $30,000, you will have $300,000. With the addition of the $50,000 buffer, you can request a withdrawal of $150,000 right away.
Inactivity
Ment Funding partner broker Eightcap will deem your account inactive and close it if you do not execute a trade on it at least once every 30 days. You could always place a small order and close it after if you feel this might be an issue for you. Most traders will not be holding positions for that long but it is something to be wary of if you plan on taking a prolonged break from trading at any time.
Upgrades
Members will have the option to pay extra for “upgrades” in their evaluation on the “checkout” page after choosing “Choose Plan” in the evaluation section on the website, customising their evaluation to their own system. The following upgrades will be made, with a price increase as described below:
- Hold over the weekend – 10% price increase
- Double Leverage (this will double all FX and metals leverage to up to 1:20, as well as double max open lots available) – 25% price increase
- No Stop Loss Required – 10% price increase
Note: You can choose one option or all of the available options, or you can mix and match options and pay the original amount.
Ment Funding wants to uncover the best traders across all trading styles, therefore rather than raising prices, they want to provide algorithmic traders, manual traders, higher timeframe or longer-term traders, lower timeframe and scalpers the chance to choose the assessment that’s best for them.
Weekend Trading
They need all trades to be closed by 3:30 pm EST on Friday, unless you paid for the upgrade (available on the checkout page when you select an Evaluation). Any open trades will be instantly closed by them. You will be permitted to continue trading your account when the markets reopen because this is not viewed as a violation. subject to modification.
Hedging
You may hedge positions on both sides as long as you are trading within the authorised 1:10 leverage and lot size (visible in your dashboard upon purchase).
Your lots will be freed up and available for hedging if you have moved your trade to breakeven (stop loss locking in a profit on the entire position).
An example would be trading EUR/USD with a $100,000 account. The price of EUR/USD is currently 1.11000 (estimate; be careful to use the asset’s price at the time of your computation.
You may take up to $100,000 * (leverage), which is equal to $1,000,000/1.11000 (E/U price), $900,900 / $100,000 (size of a standard lot), or 9.009, which is equal to a maximum of 9.00 lots.
The maximum lot size with risk allowed is 10 lots, thus if you enter a PURCHASE order on EUR/USD for 9 lots, you will only be able to hedge EUR/USD for 1 lot. However, you can now enter a SELL on EUR/USD for up to 10 lots if you adjust your Stop Loss above the entry price once it starts to rise (putting you in profit). Although hedging is independent of the Maximum Lot Size with Risk, it does help to minimise the required margin since MetaTrader is a netting platform. Also, increasing a stop-loss to breakeven will allow for the use of more lots in comparison to the Maximum Lot Size with Risk, but it won’t allow for the trading of more margin. Two separate requirements that must be satisfied are the margin and the lot size with risk.
Refunds
A one-time charge is required to undertake the 1-Step Assessment. This 1-Step Assessment is being provided as a service. There are no returns because services are instantly provided after payment.
Brokers
Ment Funding has partnered with the regulated broker Eightcap. They are a popular choice for prop trading firms who want to give traders excellent trading conditions. This is because Eightcap have tight spreads, low fees and plenty of liquidity to ensure reliable execution speeds at all times. Other Eightcap prop firms include Funded Trading Plus and Leveled Up Society.
Platforms
All Ment Funding accounts are opened on the MT4/MT5 Platform with Eightcap. After your money is processed (15–30 minutes), you will receive a link to download the trading platform along with your login information. This link will also be available once you are registered into the dashboard.
MetaTrader is a fantastic platform for traders of all experience levels and is used by millions of traders across the globe. It has a fully customisable interface which is easy to navigate. This makes it convenient to analyse all of your favourite financial markets across multiple chart types and timeframes. You can choose form thousands of free and paid trading tools to study the markets for trading signals and make informed decisions. If you are a fan of the MT4/5 platform, you can also get them through other prop firms including FTMO and SurgeTrader.
Instruments
There is a vast selection of over 300+ trading instruments to choose from. You can trade currencies, indices (including DXY, VIX), commodities, individual shares, or pick from a diverse pool of cryptos. Whatever your interests, there is something for everyone to trade.
The maximum leverage available is 1:20 for forex and metals. Spreads on forex start at just 0 pips on the raw account and commission is $3 per lot per side or $6 round turn.
Education
Ment Funding is at the forefront of education with steady month-over-month turnover of profitable traders and anomalous increase in members across all challenges with the goal of providing an ecosystem for soon-to-be or already lucrative traders.
The last stop on a trader’s development trip is Ment Financing. Education lays the groundwork for commitment, laborious work, countless hours, and finally the confidence to turn those hours into a genuine reward. You will find free education in the form of tutorial videos and trading guides. One on one mentorship is also available upon request.
| Maximum capital | $2,000,000 |
| Profit split | 75% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:20 |
Overall, Ment Funding have a very competitive prop trading service. There isn’t anything that superficially sets them apart from other prop firms, but they do have a simple 1-step funding program and funded account all the way up to $2,000,000. The live account profit share is 75% which is acceptable but falls short of Topstep who let you keep 90% of the profits.
There is a great selection of trading instruments on the intuitive MetaTrader platforms with some of the best trading conditions you will find anywhere. The profit targets are achievable and you are not put under any pressure in terms of time limits but your account will be inactive if you don’t trade for 30 days. The drawdown is relatively low but this does help to encourage good money management which is important for long term success.
In conclusion, Ment Funding are certainly worth consideration if you are looking for a prop trading firm with a simple evaluation process and an industry standard offering. You will also get some complimentary educational resources but can find a larger profit share elsewhere.
When do I get my account?
After passing your assessment, Deel will send you an email with instructions on how to access and finish your Trader Agreement. Your funded account will be created, funded, and issued to you normally within 24-48 business hours following the completion of the agreement and the submission of the necessary Know Your Customer paperwork.
Please check your spam folder if you don’t receive an email from them because it’s likely that your spam filters prevented it from reaching you. If you still don’t have it, contact them using the Contact Us page, and they will take care of you.
