mentfunding.comReviews of mentfunding.com

It was a wonderful experience the rules made trading fun again and the goals are realistic

i would like to hear the reasoning behind the trailing 5% drawdown as opposed to just leaving it as absolute drawdown, i mean its already 5%. i tried searching for videos on it. And, is the 5% trailing mean i will get trailed on the assessment and on the real account until i hit it?

For crypto no the best Firm, Mentfunding is a relatively new provider of trade challenges. I have been following MentFX on his youtube channel for a while now. He offers free content that I have certainly learned something from. In addition, there is the possibility to participate in his mentorship. I am not familiar with the content of the course but I am happy with what he shares via youtube. I also spent a month using a tool he developed to enter orders on mt4. A handy application, especially if you want to keep an eye on your risk management without too much worry. The dimensions of the app were a bit too big for my screen. I submitted this in a PM and received a response in which he thanked me for the feedback and went to see what he could do. The adjustment is made. Thanks! Mentfunding LLC partners with Eightcap. A broker with a reasonable track record. Mentfunding says to put the interests of traders first. And I believe these intentions are there. Earning money and helping people a step further can go hand in hand. Here is where I got a bit frustrated; It is advertised that more than 200 cryptocurrencies can be traded. This was the reason for me to give this relatively new player a try. Now it turns out that with my account of 25,000$, no more than 2.5 coins can be bought. This must be a joke.? This is my first step into the prop-firm world so I can't compare but this feels like a sewing stroke. Not transparent and deliberately misguided. Then tried to discuss this incident? with the customer service of Mentfundig. Customer service is stubborn and annoying. It can only be reached by email. There responses are signed by “Ment Funding LLC” I am not even mailing with a person?? They don't understand, don't want to understand or pretend they don’t understand. I receive a long reply , about purchasing power, leverage and trading BTC. That I better upgrade to a a 100,000$ account and it will be calculated for me what my purchasing power is if I start trading with BTC on a 100.000 account. Here I have dropped out. It may be that this works for the target-group of MentFX but this sort of responses really makes me a little sad. So please, 1) Do not indicate/state that you can trade 200+ crypto if this is not possible in practice. 2) Do something about the custumor-support and please do not appeal on technical improvements that still have to be implemented. I hope you consider taking a look at the issues I'm trying to bring to your attention. kind regards!

Had my 1st withdrawal on my 1st week of trading with MentFunding. What i like about MentFunding is the 1 time affordable challenge that they offer. I've been trading with them for 2 weeks now 1st week was the challenge and 2nd week is my funded account. I thing i suggest though for a better trading experience, i hope that they also increase not just the max trading lot size but also the funded account whenever a funded trader reaches 5% or 10% profit. Making the trader earn more and have better buffer when trading. So far customer support has been ok and answered my queries via email. I hope they develop a telegram group for traders community. SO FAR SO GOOD.. Thanks MentFunding for the opportunity to trade with you!

So far, so good. My only concern was that I could not find any info on the intermediary firm. I quote, "When you purchase an evaluation with Ment Funding LLC, all other services provided are provided solely by Prop Account LLC". I could not find any info on Prop Account, LLC. I searched more than twice and found not get any hit on the firm. Perhaps Anton can share more light on that. My other area of concern is the funding method to get the account started. The only options are PayPal and Credit/Debit card. Could other options be made available? Also the 25% fee to double your leverage from 10 to 20 seems a bit steep and like traders been taken advantage of. Other than these areas of concern, everything else is good. Hence, the 4 star rating instead of 5. Eddie

Do you want my HONEST Opinion? You're a bit over-priced. WHY? Because, instead of paying $7500 for a million dollar account with the -4%(-$40,000) drawdown technically can be purchased at FTMO for two 200K challenges with -10%(-$40,000) drawdown for less than $2500! Yes there is not even high water drawdown rule to even worry for once funded. If you could reasonably adjusting the price to $3000 with your current offerings there will be higher chance of people taking mentfunding challenge which is very much "consistent-focused" challenges with low risk appetite. To sums it up, mentfunding is just gonna be just another slaughter house LOL or possibly even worse with extravagant pricing. I know I know you gonna tell me this is why there is no time limitations. In my opinion, one and a half month is just about enough time for experienced trader to pass. -10% drawdown is a huge breathing room with FTMO which comes with much lower pricing on their challenges. Mentfunding with -4% risk appetite along with high water drawdown rule parking at account initial balance waiting to eliminate you once bouncing back at initial account balance meaning, even for a professional smart consistent trader should at least park +5% of their profits as the buffer to reduce the pressure in trading. So not only you are paying up extravagant price but also you must be investing your hard earned profits in order to keep the account afloat. All of this could be great challenge for a professional trader to take under ONLY at the reasonable challenge fee otherwise won't be worth the risk and time. Hope this review helps to many people who are researching.