Ment Funding vs The Funded Trader

Ment Funding Overview

Ment Funding emerges as a robust platform for traders seeking substantial backing, with live funded accounts scaling up to an impressive $2,000,000. The firm's reputation for trustworthiness is solidified by its commendable 4.6/5 Trustpilot rating, reflecting a high level of user satisfaction. Its simplified one-step evaluation process is an attractive feature for traders who seek a quick entry into a funded trading arrangement, with a variety of available trading instruments widening its appeal. Furthermore, Ment Funding embraces a liberal trading environment, devoid of restrictions on trading styles or day limits, and notably supports a comprehensive suite of trading tools including EAs, copy traders, scripts, indicators, hedging, and news trading. However, it is not without its limitations. The firm imposes a 5% maximum trailing drawdown that some traders may find inhibitive, a prohibition on weekend positions which could detract swing traders, and provides relatively low leverage options from 1:2 to 1:20, which may not suit all trading strategies.

The Funded Trader Highlight

Moving over to The Funded Trader, this firm presents a compelling offering with a standard balance of up to $600,000 and four tailored funding options to choose from. The leverage ratio of 1:200 combined with high profit splits of 80-90% positions this firm in a competitive spot in the market. Its shining Trustpilot score of 4.7/5 from more than 5,000 reviews signals a strong vote of confidence and satisfaction among its users. The firm is also remarkably accommodating with regards to the evaluation phase, allowing unlimited free retries, which can greatly reduce the pressure on traders aiming to secure funding. Growth opportunities are notable at The Funded Trader, with potential scaling up to $1,500,000, along with the freedom to engage in overnight and news trading. Its selection of trading tools covers a broad spectrum, including forex and cryptocurrencies. However, traders should be aware of the absence of a free trial and be prepared for slower customer service responses. The firm’s trailing drawdown requirement as part of the Knight's challenge should also be carefully considered when designing a trading strategy.

Funding and Withdrawal Options

When it comes to capital transactions, both firms offer credit/debit card deposit methods. Differing slightly, The Funded Trader takes a step forward with the addition of cryptocurrency as a deposit method. For withdrawals, Ment Funding sticks to the traditional bank wire transfer, which may be seen as a drawback compared to The Funded Trader's utilization of crypto and Deel services, increasing withdrawal avenue options and possibly enhancing the speed and convenience for international traders.

Account Size and Tradeable Instruments

Ment Funding is prepared to match varying levels of trader confidence and strategy with a broad range of account sizes from $25,000 to $1,000,000 USD. In contrast, The Funded Trader does not specify their account sizes but may offer different tranches as part of their four funding options. The instrument availability is generous on both platforms, with Ment Funding slightly ahead by providing stocks as an extra tradeable instrument alongside commodities, crypto, forex, indices, and metals—allowing for greater diversification possibilities.

Comparative Trading Rules

Each firm sets forth its own trading rules that frame the boundaries within which traders must operate. Ment Funding's rules cover lot size limits, maximum daily loss, maximum loss, no weekend holding, profit target, and required use of stop loss orders. The Funded Trader parallels with similar constraints but extends its rule set with limitations on trading days, a prohibition on EAs, and disallowance of the Martingale strategy, as well as the risk monitoring of third-party copy trading. These rule differences reflect distinct risk management approaches and trading flexibility, which could significantly influence a trader's choice depending on their own risk profile and trading style.

Establishment and Reliability

In terms of establishment, Ment Funding has been on the scene since October 2020, giving it a slight edge in operational experience over The Funded Trader, which was incorporated in May 2021. While both are relatively new in the industry, their Trustpilot ratings and increasing user base suggest that they are fast becoming reliable players in the prop trading arena.

Closing Thoughts

Both Ment Funding and The Funded Trader offer unique propositions to retail traders seeking proprietary firm backing. The decision to affiliate with either platform should be dictated by the trader’s preferences in terms of available account sizes, trading rules, instruments, and the importance of customer service responsiveness. Prospective traders must weigh the pros and cons in light of their individual trading style, risk tolerance, and the specific details of their desired trading approach to ensure alignment with the offerings of their chosen proprietary firm.