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Mena Funding


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Overview Of Mena Funding

TheTrustedProp
Date: May 11, 2024

Introduction

In the ever-evolving landscape of financial markets, aspiring traders seek opportunities to showcase their skills and grow their capital. One such avenue is Mena Funding, a Proprietary Trading Firm offering a unique trading evaluation program. This article delves into the intricacies of Mena Funding, providing insights into its structure, benefits, and the path it offers to traders.

 

Mena Funding Overview

  1. The Birth of Mena Funding

Mena Funding, registered in the UAE and Hong Kong, stands as a beacon for traders aspiring to elevate their trading careers. The firm, with the legal name Mena Funding LLC and registration number 3243388, distinguishes itself as an online demo trading evaluation platform.

 

  1. Mena Funding's Mission

At Mena Funding, the mission is clear – to provide traders with a risk-free environment to prove their trading prowess. The firm believes in empowering retail traders by offering a path to raise capital based on performance and dedication to building their trading business.

 

Getting Started with Mena Funding

  1. Seamless Onboarding

The journey with Mena Funding begins with a user-friendly onboarding process. Traders can register on the website, select their preferred account type, and swiftly receive their credentials. However, a crucial step lies ahead – the KYC/AML screening, ensuring compliance and security.

 

  1. No License Required

One distinctive feature of Mena Funding is the elimination of the need for traders to acquire a license. Mena Funding takes care of regulatory matters, allowing traders to focus solely on trading. The process involves signing a contract with valid information, and you're all set to embark on your trading journey.

 

  1. Restricted Countries

While Mena Funding welcomes traders from various parts of the world, certain countries face restrictions due to payment exchange account limitations. Traders residing in specific regions, including the United States and Russia, are urged to check the list of restricted countries to avoid breaches.

 

Understanding Mena Funding's Evaluation Process

  1. Evaluation Phases

Mena Funding's evaluation process is a two-phase system. Traders undergo a demo trading evaluation, proving their skills without financial risk. Upon successful completion, eligible traders move to the funded account phase, subject to compliance with the Terms of Use and Customer Agreement.

 

  1. Evaluation Profits and Withdrawals

During the evaluation phase, traders cannot withdraw profits as the primary goal is to assess consistency without capital risk. The profits earned in this phase set the stage for traders to move forward in their journey with Mena Funding.

 

Trading Platforms and Tools

  1. Platform Availability

Mena Funding currently supports trading on the MT4 platform, provided by ASIC-regulated broker EightCap. While the firm does not offer MT5 at present, their team is diligently working towards its inclusion in the coming months.

 

  1. Platform Download and Usage

Traders can conveniently download the trading platform from the Mena Funding website's home page or the trader dashboard download center. Alternatively, a direct link is provided for easy access.

 

  1. Account Security

Mena Funding emphasizes the exclusive use of trading accounts by the assigned trader. Sharing login information or using VPN/VPS to access accounts is strictly prohibited. Violations result in breaches and service bans.

 

Compliance and Verification

  1. KYC/AML Process

To ensure a secure trading environment, Mena Funding mandates a Know Your Customer (KYC) and Anti-Money Laundering (AML) verification process. Traders are required to submit valid photo ID, proof of address, and a selfie for identity verification.

 

  1. Verification Speed

While KYC/AML checks are essential, Mena Funding assures traders that the verification process is quick and efficient. For the majority, the verification takes no more than five minutes, ensuring a seamless onboarding experience.

 

Conclusion

Mena Funding emerges as a promising platform for traders seeking a pathway to financial success. The unique evaluation process, focus on compliance, and commitment to trader empowerment set Mena Funding apart. Aspiring traders are invited to explore the opportunities it presents and elevate their trading careers.

FAQs

Upon successful payment confirmation, traders receive their trading platform and dashboard credentials within five minutes. Any delays are promptly addressed by reaching out to live support.

Violating rules, such as daily drawdown or maximum drawdown, results in account breaches. Depending on the violation, traders may need to purchase a new account to continue the evaluation.

Mena Funding aims for quick withdrawal processing, with an average turnaround time of 2-3 business days.

As of now, Mena Funding does not impose any ongoing monthly fees. Traders encounter one-time fees at the beginning of challenges, refunded upon the first withdrawal.

Eligible traders, upon completing the evaluation, enjoy an 80% profit split on all accounts. Additionally, traders who qualify for the scaling plan can benefit from an increased profit split of up to 90%.

PropFirm
Mena Funding


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