Reply from mentfunding.comMay 25, 2022
Hi Theo, This is Anton, CEO of Ment Funding and Mentfx.
As we tried to relay it to you in the email's you sent us, you are mistaken and hadn't taken the time to read out website. I strongly suggest anyone reading over this should do their due diligence and make sure our model fits your style PRIOR to starting an evaluation with us and getting funded with real capital; the worst thing we can do is fund someone with real capital that doesn't understand our rules, and the worst thing you can do is pay for our evaluation without first understanding our rules.
As per the rules, depending on the account size you get and the correspondent leverage, your lot size has a max size (if not scaled); $100,000 = 10 lots MAX, $200,000 = 20 lots MAX, $1,000,000 = 100 lots MAX, etc. With our scaling rule of being able to manually increase your MAX lot size when you make 5% on the account and begin to compound (which is also specified on our website).
We are aware that this max lot size will NOT work with every single market available. As per Eightcap's broker rules, the specification of each market can be viewed by right clicking the market and viewing them in the mt4 terminal or on their website. 1 lot on a currency is = 100,000 of that currency, 1 lot on a share (CFD STOCK) = 100 shares, 1 lot on crypto = 1 coin (1lot on bitcoin = 1bitcoin, 1lot on cardano = 1cardano, 1lot on ETH = 1ETH, etc.). With this in mind - your max lot size regardless of specification size on any market is 200 LOTS as long as its within the leverage permitted on the account (which is also made available on our website).
These limitations are set by the broker - and we have our backend that permits the max lot size to match our risk parameters as we fund our members with real capital.
Your review does not make sense. a lot is based on 100,000 units of currencies, NOT crypto currencies. You need to make sure you understand the distinctions prior to attempting to trade real capital. As per eightcaps rules, 1 lot of any CRYPTOCURRENCY is equivalent to 1coin of that given currency (as shown above) and 1 lot of any CURRENCY (not CRYPTO) is equivalent to 100,000 units of that currency.
Yes, given these broker limitations as well as Ment Funding's backend that allows you 200 lots max on a 2million dollar account, you will not always be able to risk the amount you want on a small coin. However, you won't have an issue trading currencies, commodities, or indicies or some of the larger coins given that its within the risk parameters provided to you.
I ask that you take the time to read our rules and fully understand our model prior to leaving a bad review or purchasing an evaluation with us.
We are after funding successful traders, and we expect successful traders to have some attention to detail. I hope this reply helps some of you, or even the person that left it - and hopefully leads you to change the rating and/or your actual comment as it misrepresents what we offer and our model.
TLDR: Cryptocurrency is not the same as basic currencies and are not weighted the same by the broker you are trading on. You cannot risk more than the permitted lot size on your account which is available on our website. And we scale your lot size as per the scaling rule we showcase on our website as well.
Make sure you have read and understood our rules at mentfunding.com and we look forward to having you on as a profitable funded member.
Anton
Ment Funding LLC
