Earn2Trade vs Ment Funding

Earn2Trade Review

Earn2Trade is a prop firm that emerged in 2016, positioning itself as a springboard for traders aiming to prove their trading prowess and manage a funded account. With a specific focus on commodities, Earn2Trade offers its services with deposits and withdrawals accessible via credit/debit cards and bank wire transfers, respectively. Despite information regarding its pros and cons not being provided, prospective users would benefit from further details on Earn2Trade's fundable account sizes, which presently start at $10,000 USD. Moreover, account currency options include both USD and GBP, accommodating a broader range of traders. Earn2Trade's Funded Trader Program comes with its own set of rules that traders must adhere to. Although not specified here, such rules typically include profit targets, loss limits, and trading style guidelines. This structured environment ensures a trader’s readiness to manage risk effectively on their journey to securing a larger funded account.

Ment Funding Review

Ment Funding, although a newer market entrant, has made a noteworthy impression since its inception in October 2020. With the option of scaling up to live funded accounts worth as much as $2,000,000, it stands out for its formidable trustworthiness, boasting a 4.6/5 rating on Trustpilot. This platform’s one-step evaluation process is complemented by an assortment of diverse trading instruments, including commodities, crypto, forex, indices, metals, and stocks. Moreover, Ment Funding supports an array of trading approaches such as EA's, scripts, indicators, and hedging strategies. They also allow news trading, a feature particularly attractive to traders who follow an economic-calendar-based strategy. However, these advantages come with caveats. A 5% maximum trailing drawdown is quite stringent, potentially limiting aggressive trading strategies. Further constraints include the prohibition of weekend holding and a low leverage range from 1:2 to 1:20, reducing exposure and limiting short-term gains. Ment Funding's rules define clear trade parameters with a maximum daily loss cap, profit targets, and mandatory stop-loss orders, ensuring that traders remain disciplined. These rules, alongside lot size limits and no weekend holding, create an environment that might be considered restrictive but also instills prudent risk management. Just like its counterpart, deposit and withdrawal methods include credit/debit cards and bank wire transfers, facilitating straightforward financial transactions. From an account perspective, Ment Funding offers trading in USD, which may slightly limit international traders accustomed to operating in multiple currencies.

Comparison Summary

Both Earn2Trade and Ment Funding provide impressive opportunities for retail traders to achieve their aim of trading with funded accounts. While Earn2Trade is relatively older and might be perceived as more established, Ment Funding is quickly climbing the ranks with a larger scale of funded account sizes and a more inclusive range of trading instruments. Earn2Trade's focus on commodities and a two-currency account offering may appeal to a niche market, whereas Ment Funding's inclusive approach to supporting various trading styles and a broader instrument selection widens its appeal. The stringent conditions such as maximum drawdowns, leverage limitations, and no weekend trading at Ment Funding might raise red flags for traders with a high-risk appetite but serve the purpose of enforcing robust risk management. Conversely, Earn2Trade's Funded Trader Program, with rules yet to be discussed, could offer different advantages or limitations depending on their nature. Both firms' deposit and withdrawal methods fit industry standards, providing comfort in their financial operations. The choice between these two prop firms would essentially boil down to a trader's individual style, risk preference, and the specific financial instruments they wish to trade. Retail traders and potential users should weigh the structured risk management of Ment Funding against the potentially more flexible conditions at Earn2Trade, combine that with the opportunities presented through account size and variety of tradable assets, to determine which prop firm aligns best with their trading goals and strategies.