FTMO vs Ment Funding

FTMO Overview

FTMO has established itself as a reputable proprietary trading firm since its inception in September 2015. Touted for its exceptional 24/7 customer support, FTMO takes pride in their exceptional Trustpilot ratings and comprehensive trader support services, including access to a trading psychologist and a public-facing CEO. Their offerings include a free trial, infinite evaluation retries, and attractive bi-weekly payouts ranging between 80%-90%. In terms of flexibility, they excel with no specified duration cap, a minimum trading period of only four days, and leverage up to 1:100, providing traders with a diverse range of instruments.

Ment Funding Overview

In comparison, Ment Funding, a newer market player launched in October 2020, capitalizes on the provision of live funded accounts, with potential funding up to an impressive $2,000,000. With a solid 4.6/5 Trustpilot rating, they demonstrate trustworthiness in the eyes of their clientele. Their single-step evaluation process, coupled with the allowance for a vast array of trading styles including the use of EAs, scripts, and hedging, positions them as a firm with a focus on accommodating individual trader preferences. Significantly, there are no restrictions placed on holding positions over the weekend, which could be favorable for swing traders.

Comparison: Trading Parameters and Platform Rules

Analyzing both firms' trading parameters and rules, FTMO appears to have more restrictive approaches with rules against news trading and the imposition of a maximum of two accounts holding $200,000 each. Conversely, Ment Funding's trading conditions tend to be more liberal, allowing traders to execute their strategies with minimal interference, though it's worth noting that their 5% maximum trailing drawdown and no weekend positions could be considered restrictive by some.

Financial Flexibility: Deposits and Withdrawals

FTMO offers a commendable variety of deposit and withdrawal methods, including bank wire transfers, credit/debit card options, and even cryptocurrency transactions. In contrast, Ment Funding has a more limited approach, accepting only credit/debit cards for deposits and bank wire transfers for withdrawals. This could be a deciding factor for traders looking for greater financial flexibility or those who prefer using cryptocurrencies for their transactions.

Account Variety and Currencies

FTMO again takes the lead in terms of account variety, presenting a range of account sizes across multiple currencies, thus catering to an international clientele. Conversely, Ment Funding retains a simpler structure with accounts denominated only in USD, which may be seen as a limitation when compared to the diversity of FTMO's offerings.

Tradeable Instruments and Account Currencies

Both firms offer a wide spectrum of tradeable instruments, which includes commodities, crypto, forex, indices, metals, and stocks. FTMO distinguishes itself by also offering bonds, thereby widening the scope for traders seeking to diversify their portfolios.

Conclusion: Evaluating the Best Fit for Retail Traders

In conclusion, FTMO stands out for its comprehensive support structure, flexibility, and variety in account options, which are attractive features for serious retail traders. Meanwhile, Ment Funding's strength lies in its liberal trading conditions and the possibility of being funded with a sizable account. The decision for retail traders and potential users ultimately depends on individual trading styles, preferences for diversity in account options, and their specific needs regarding support, flexibility, and the breadth of trading instruments.