MentFunding: Proprietary Trading Firm Analysis
Company Overview
MentFunding is a proprietary trading firm established in 2021, headquartered in Austin, Texas. The company positions itself as a premium one-step evaluation prop firm, distinguishing itself from the traditional two-step challenge model prevalent in the industry. The firm is led by CEO Anton Calmes, who maintains an active presence in customer engagement through Discord and YouTube channels.
Business Model and Funding Structure
One-Step Evaluation Process: MentFunding operates a streamlined evaluation model requiring traders to achieve a 10% profit target in a single phase, rather than the industry-standard two-step process. This approach potentially reduces time-to-funding for qualified traders.
Capital Allocation:
- Initial funding ranges up to $1,000,000 per trader
- Account scaling capabilities extend to $5,000,000 for both Forex and Futures programs
- The firm employs notional funding, where actual capital may differ from the nominal account size
Risk Parameters:
- 5% maximum daily loss (calculated from previous day’s balance at 5 PM EST)
- 6% maximum total drawdown (static, based on initial balance)
- No minimum or maximum trading days requirement
- 30-day activity requirement to prevent account closure
Trading Conditions and Technology Infrastructure
Platform Offerings: The firm provides access to cTrader, DXtrade, and MTR platforms, though notably lacks MetaTrader 5 support—a limitation acknowledged in customer feedback. For futures trading, they offer Rithmic R|Trader with compatibility for third-party platforms like NinjaTrader and Quantower.
Cost Structure:
- Forex: $7 roundtrip commission
- Commodities and Indices: $0 roundtrip commission
- Raw spreads starting from 0.1 pips on major pairs
- No markup on broker-provided spreads or execution
Trading Flexibility: MentFunding permits the use of Expert Advisors (EAs), copy trading systems, and hedging strategies. However, the firm maintains strict prohibitions against martingale strategies, arbitrage attempts, and “all-in” trading behaviors.
Revenue Model and Trader Compensation
Profit Split Structure:
- Standard: 75% to trader, 25% to firm
- Optional upgrade: 90% profit split (20% price increase)
- Withdrawal frequency: Once per 30-day period
- Payment methods: Bank transfers via Riseworks, wallet withdrawals through Columis
Account Doubling Program: Traders meeting specific performance criteria (including 10% total profit and consistent monthly gains exceeding 2% for at least 3 months in any 6-month period) qualify for account size doubling, up to the $5 million cap.
Regulatory and Compliance Framework
The firm maintains partnerships with multiple liquidity providers and brokers, aggregating pricing from tier-1 banks and prime brokers. They enforce strict compliance measures including:
- KYC documentation requirements (government ID and proof of address)
- Prohibition of OFAC-listed country participants
- Minimum age requirement of 18 years
- Independent contractor classification for funded traders
Market Positioning and Competitive Advantages
Differentiators:
- No time limits on evaluations
- Balance-only drawdown calculations (not equity-based)
- Transparent rule structure with no hidden requirements
- Same-day funding upon challenge completion
- 24/7 customer support via Discord
Limitations:
- Higher pricing compared to two-step evaluation firms
- Limited platform selection (no MT5)
- Stricter drawdown parameters (6% vs. industry standard 8-10%)
- Premium pricing for larger account sizes
Financial Sustainability Assessment
The business model appears financially sustainable through multiple revenue streams:
- Evaluation fees from challenge purchases
- 25-10% share of profitable trader earnings
- Failed evaluation fees (non-refundable)
- Account inactivity closures after 30 days
The firm’s emphasis on risk management and prohibition of gambling-style trading suggests a focus on long-term trader retention over short-term evaluation fee maximization.
Trustpilot User Reviews
MentFunding maintains an “Excellent” rating of 4.8/5 stars from 211 reviews on Trustpilot. Users consistently praise the transparent rule structure, rapid funding process, and responsive customer support. Multiple reviewers confirm successful payouts in four-figure ranges, validating the firm’s payment reliability. The CEO’s direct engagement with traders through Discord receives particular commendation. Primary criticisms center on the absence of MT5 platform support and premium pricing for larger accounts, especially the $1 million challenge tier. The company demonstrates strong customer service commitment by responding to 100% of negative reviews within 24 hours.