Ment Funding is a prop trading firm operating since 2021, offering benefits such as funding up to $5M and no time limits on challenges. You can start taking challenges with $250 on it and pass 1-step evaluations.
In this Ment Funding review, we will delve deep into its features and specifics in detail to help you decide if it’s a suitable choice for you.
Company Overview
Ment Funding, established in 2021, is a United States-based proprietary trading firm that's trying to gain a share of the market. What sets them apart is their straightforward 1-step evaluation process, designed to get skilled traders funded quickly and efficiently.
Here are some key highlights of Ment Funding company:
- Led by CEO Anton Calmes
- Located in Pennsylvania
- Partnered with ThinkMarkets as their broker
Summary of Specifications
At this section, you will see a table consisting of the firm’s most important specifics and parameters. Ment Funding Key Features:
Account Currency | USD |
Minimum Price | $250 |
Maximum Leverage | 1:20 |
Maximum Profit Split | 90% |
Instruments | Forex, Indices, Metals |
Assets | Not Specified |
Evaluation Steps | 1 |
Withdrawal Methods | Crypto, Bank Transfer |
Maximum Fund Size | $5M |
First Profit Target | 10% |
Max. Daily Loss | 5% |
Challenge Time Limit | None |
News Trading | Prohibited |
Maximum Total Drawdown | 6% |
Trading Platforms | MT4, MT5, cTrader, Match Trader, DXTrade |
Commission Per Round Lot | $7 for Forex None for Other Products |
Trustpilot Score | 4.8/5 |
Payout Frequency | Monthly |
Established Country | United States |
Established Year | 2021 |
Ment Funding Advantages & Disadvantages
Like any other company in various fields, this firm has its strengths and weaknesses. Let's break them down by creating a table for you:
Advantages | Disadvantages |
Simple One-Step Evaluation Process With A Modest 10% Profit Target | Relatively High Entry Fees |
No Minimum Or Maximum Trading Day Requirements | Strict Daily (5%) And Overall (6%) Loss Limits |
Profit Split Of 75-90% | Limited Customer Support Channels |
Funding Up to $5M |
An Overview of the Funding & Prices in Ment Funding
The firm offers a different approach to funding and pricing. In this section, we will have an overview of the matter:
- Fees: from $250 to $7,500
- Account Sizes: from $25,000 to $1,000,000 (Up to $5M through scaling)
As mentioned above, the fees for the challenges are relatively high compared to most other firms.
Account Opening & Verification; Complete Guide
Opening an account with Ment Funding is similar to that of other prop firms. Here's a tutorial on it:
- Visit the Ment Funding website and click "Dashboard;
- Click "Create an account";
- Fill in the required details and information in the form;
- Check the boxes declaring that you agree with the conditions;
Now, your account is created on the prop firm. For KYC verification, first, you must complete your profile and buy a challenge, then upload and submit images of unaltered, hard-copy documents required on the website.
Evaluation Phases and Rules for Challenges
Firms often provide challenges with various types of evaluation phasing, but Ment Funding does not take the same approach. This firm only offers 1-step challenges. Ment Funding Evaluation Rules:
$25,000 | $50,000 | $100,000 | $200,000 | $400,000 | $1,000,000 | $5,000,000 | |
Profit Target | 10% | ||||||
Min./Max. Trading Days | Unlimited | ||||||
Max. Daily Loss | 5% | ||||||
Max. Overall Loss | 6% | ||||||
Leverage | 1:20 | ||||||
Profit Split | 75% (Up to 90%) | ||||||
Fee | $250 | $450 | $750 | $1,500 | $3,000 | $7,500 | |
Bonuses And Promotions
Based on our investigations of the website and official resources, Ment Funding currently does not offer any bonuses. However, we found some promo codes on third-party websites:
- Get 6% off on fees by using [MENTSUMMER]
- 21% off on prices with [MENT2021]
Always check different resources besides the official ones to get the latest discount codes.
Ment Funding Trading Platforms
This prop firm offers a range of popular trading platforms to suit different trader preferences:
- MetaTrader 4 (MT4): The industry-standard platform known for its reliability and extensive features.
- MetaTrader 5 (MT5): An upgraded version of MT4 with additional timeframes and analytical tools.
- cTrader: A modern platform favored by many for its user-friendly interface and advanced charting capabilities.
- Match Trader: Available specifically for US traders, offering a unique trading experience.
- DXtrade: Another option for US-based traders, known for its intuitive design.
What Instruments Can I Trade on Ment Funding?
The mentioned firm provides access to every symbol offered by the broker for trading. While these assets might change, they mostly include:
- Forex Pairs: Major, minor, and exotic currency pairs with leverage up to 1:20;
- Indices: Popular global stock indices with leverage up to 1:10;
- Metals: Including gold and silver.
List of Payment Options
Payouts on prop firms can be done through different measures. Ment Funding offers limited payment options for profit withdrawals:
- Bank Transfers: Processed through Riseworks
- Wallet Withdrawals: Available via Columis for those preferring cryptocurrency
However, most other firms also offer limited options.
Commission & Fees: Does Ment Funding Have a Fair Commission Structure?
Based on the data available on the official website, the prop firm uses RAW accounts from the broker, and these accounts charge a $7 roundtrip commission for Forex. For other products, there are no trading costs. There is no more detail regarding this mentioned on the website.
Ment Funding does not charge anything for withdrawal fees. However, banks or crypto wallet providers may charge their own fees. Last but not least, no hidden fees or recurring charges were seen in our investigations.
Educational Resources on Ment Funding Prop Firm
This company has dedicated a whole domain for the education content: Mentfx. This trading mentorship consists of these materials:
- Video tutorials
- Written guides
- Webinars on various trading topics
- Like weekly sessions
- Community of traders and
However, this mentorship is not free, and you have to pay a monthly fee of $100 for it. There are also free education materials offered by the firm on their YouTube channel.
Trust Scores and Reviews
A financial company's trust scores can be very helpful in deciding whether it is reliable. Ment Funding does not have scores on many websites; However, it has earned a strong reputation on Trustpilot:
- 4.8/5 based on over 170 reviews;
- +80% of reviews are 5-star ratings.
Based on Ment Funding's score on the mentioned website, one can say that the firm is a suitable choice.
Customer Support; Contact and Working Hours
Ment Funding offers customer services for various issues related to accounts, trading, assets, etc. However, there are not many methods to contact support. Support Contact Channels:
- Discord Server: https://discord.gg/mentfunding
- Email Address: mentfunding@propaccount.com
The firm says that its CEO is actively involved on Discord and the YouTube community page. Also, they suggest users read the "Rules and FAQ" section, as they might find the answers to their questions there.
Ment Funding provides support services 24/7.
Social Media Channels
Most companies use social media platforms to post their latest updates and relevant content. Ment Funding has its social pages on 3 platforms, including:
- YouTube: https://www.youtube.com/@mentfunding
- Instagram: https://instagram.com/mentfunding
- X (Formerly Twitter): https://twitter.com/@mentfunding
Expert Opinions
Ment Funding is a prop trading firm operating since 2021 registered in Texas, headquartered in Pennsylvania.
While it offers funding up to $5M through scaling, payouts up to 90%, and 1-step evaluation, there are also drawbacks such as limited evaluation structure, strict rules for losses, and a high minimum price of $250. Overall, it seems to be a reliable firm considering its trust score and user reviews.
