Frequently Asked Questions
- What is Mintply?
- How do I get started with Mintply?
- Is Mintply a reputable company?
- Where is Mintply located, and how can I contact you?
- Who is eligible to join Mintply?
What is Mintply?
Mintply is a proprietary trading firm focused on discovering and nurturing trading talent. We provide a platform where traders can demonstrate their skills in a simulated environment and, upon passing our Evaluation Process, trade with our capital. Our firm is dedicated to empowering traders with the tools, support, and resources needed to excel in the dynamic world of finance. Our unique approach combines a challenging environment with comprehensive support to help traders grow and succeed.
How do I get started with Mintply?
Before diving into our trading challenges, we want to ensure that you understand the journey ahead. After signing up, you can choose to begin a Mintply Challenge immediately or start with our Free Trial, which we highly recommend for practice. The Free Trial is a no-cost version of the Mintply Challenge, allowing you to get familiar with our platform and test some of our trading tools. You’ll also receive a concise performance analysis during your Free Trial. You can retake the Free Trial as many times as you like to feel fully prepared for the Mintply Challenge.
When you’re ready to take the Mintply Challenge, you can set up your account here.
Please note that our Mintply Account cannot be obtained through performance in the Free Trial or any other external records. Our Evaluation Process is specifically designed to evaluate your trading abilities and ensure you meet our standards before using a Mintply Account.
Is Mintply a reputable company?
Mintply is a trading firm that identifies and nurtures talented traders. To ensure our traders possess the skills we seek, we have developed a 2-step Evaluation Process, including the Mintply Challenge and Verification stages. After successfully passing these stages, traders are granted access to a Mintply Account, where they can potentially earn up to 90% of their profits.
Trading can be challenging, but Mintply offers comprehensive educational tools, account analysis, and access to experienced mentors to support and guide traders throughout their journey.
Where is Mintply located, and how can I contact you?
Mintply operates globally with a primary office in Dubai Silicon Oasis, Dubai, UAE. You can contact us through our website’s contact form or email us at support@mintply.com.
Who is eligible to join Mintply?
We welcome traders from around the world, except for individuals from countries that are restricted due to legal or regulatory standards. You must be over 18 years old to join Mintply. Whether you’re a beginner looking to learn or an experienced trader aiming to refine your skills, Mintply is the right place for you.
However, please note that Mintply does not provide services to individuals or entities from certain regions due to sanctions, legal restrictions, or internal risk management decisions. This includes, but is not limited to, individuals from Iran, Syria, North Korea, Myanmar, and the United States, as well as those on international sanction lists, individuals with criminal records related to financial crimes or terrorism, and those previously banned for contract violations.
Additionally, due to internal risk management policies, we currently do not offer our services to clients in specific countries such as Afghanistan, Russia, and Ukraine (certain regions). For a complete list of restricted countries, please refer to our terms and conditions.
- How do I become a Mintply Trader?
- How long does it take to become a Mintply Trader?
- I have successfully passed my Mintply Challenge. What’s next?
- What capital will I trade with on a Mintply Account?
How do I become a Mintply Trader?
To become a Mintply Trader, you must successfully complete our two-step Evaluation Process. This process is designed to assess your trading skills and ensure you are prepared to trade with our capital.
Step 1: Mintply Challenge
In the first step, you’ll be trading on a simulated account with virtual funds. You will need to meet our specific trading objectives, which are designed to test your ability to trade effectively under real market conditions. During this stage, you will benefit from our proprietary Mintply platform, offering you superior account conditions with low commissions and tight spreads. If you meet all the trading objectives, you will move on to the next step.
Step 2: Verification
In the Verification stage, you will continue trading on a simulated account with virtual funds. This step focuses on confirming your performance consistency and adherence to our trading rules. The rules during Verification are less stringent than in the Challenge, making it easier to demonstrate your trading capabilities. For a detailed explanation of the rules, please visit our Trading Objectives page.
After successfully passing the Verification stage, you will have the opportunity to become a Mintply Trader, subject to a review of your trading performance. To finalize your Mintply Account, you will need to provide a valid ID (such as a passport or national ID card) and complete our identification process in accordance with Mintply’s internal policies.
Please note that Mintply does not provide accounts based on any external track records. Our Evaluation Process is designed to ensure that all traders meet our specific standards and criteria.
How long does it take to become a Mintply Trader?
To pass the Mintply Challenge, you must trade for a minimum of 4 trading days (these do not need to be consecutive). The same requirement applies to the Verification stage, where you must also trade for at least 4 trading days.
There is no maximum time limit to complete our Evaluation Process, so you can take as much time as you need to meet the trading objectives. Once you have successfully met all the objectives and your trades have been reviewed, you can progress to the next phase. In total, you could potentially start trading on your Mintply Account in as few as 8 trading days.
I have successfully passed my Mintply Challenge. What’s next?
After completing all the trading objectives in your Mintply Challenge, you will receive a notification in your account dashboard confirming your success. At this point, you do not need to continue trading on the account, as your objectives are considered met. We will automatically be notified of your completion and will begin evaluating your trading results.
Within 1-2 business days, you will receive new login credentials for the Verification stage. This is the final step before becoming a Mintply Trader.
What capital will I trade with on a Mintply Account?
You will trade with the same virtual capital balance that you used during your Mintply Challenge. For example, if you traded with $200,000 in the Mintply Challenge, you will also have access to a $200,000 Mintply Account for the Verification stage.
Please note that all accounts provided by Mintply are demo accounts with virtual funds. Once you become a Mintply Trader, you will receive login credentials for a demo account, and you can earn up to 90% of the profits generated.
If you wish to trade with a higher virtual account balance, you can apply for another Mintply Challenge. Each challenge must be started from scratch, regardless of previous completions. Mintply allows a maximum capital allocation of $400,000 across all accounts per trader or per strategy at any given time. This can be achieved through various combinations, such as two accounts of $200,000 each or four accounts of $100,000 each. It’s important to avoid creating multiple accounts under different registrations to exceed this limit, as doing so may result in account suspension in accordance with our terms and conditions.
For those opting for an aggressive risk setup, the maximum capital allocation is limited to $200,000, as loss limits are increased in this setting.
Additionally, if you demonstrate consistent profitability on your Mintply Account, we may allocate additional capital to you as part of our Scaling Plan.
- What are the rules?
- Can I trade news?
- Do I need to close my positions overnight?
- Which instruments can I trade, and what strategies can I use?
- What does ‘Trading according to a real market’ mean?
What are the rules?
Step 1: Mintply Challenge
The Mintply Challenge is the first step in our Evaluation Process. Before you can manage a Mintply Account, we need to ensure that you can trade responsibly and manage risk effectively. This is crucial as we use your simulated trades as a benchmark for potential trading on real financial markets.
During the Mintply Challenge, you will trade on a demo account with virtual funds. Our Trading Objectives are designed to test your ability to achieve a balanced profit while managing drawdowns effectively. You have an indefinite amount of time to meet the Profit Target, with the only minimum requirement being that you trade for at least 4 days. Once you meet all the Trading Objectives, and your results have been reviewed, you’ll move on to the Verification phase.
Step 2: Verification
Verification is the second and final step in the Mintply Evaluation Process. Here, we focus on testing your trading consistency. We want to confirm that you can maintain profitability while adhering to our rules over a longer period.
In the Verification stage, the Trading Objectives are more lenient than in the Mintply Challenge, with the Profit Target reduced by half. As in the Challenge stage, there is no time limit for passing Verification, so you can proceed at your own pace. Once you meet the Trading Objectives and your results are reviewed, you will finalize your Mintply identity and sign the contract for your Mintply Account.
Step 3: Mintply Account
Upon successfully becoming a Mintply Trader, you will trade under top-tier conditions in the industry. At this stage, we eliminate the Profit Target requirement to reduce stress and allow you to trade with peace of mind. The primary rules you must adhere to are the drawdown rules—Maximum Daily Loss and Maximum Loss. These rules are crucial as they reflect the fundamentals of responsible trading, and we may use your simulated trades to inform our own strategies on real financial markets.
Can I trade news?
Yes, during both the Mintply Challenge and the Verification stage, you are free to trade during all news releases.
However, once you become a Mintply Trader, unless your account type is designated as Mintply Swing, you should exercise caution when trading around news events. For specific types of reports and instruments, Mintply Traders are restricted from executing new trades or closing existing trades within a 2-minute window before and after the release of targeted news announcements.
For instance, you are allowed to hold trades on a targeted instrument that were opened more than 2 minutes before a restricted news event. However, if your Stop Loss or Take Profit levels are triggered within this restricted window, it may be considered a violation of the Mintply Account Agreement.
Do I need to close my positions overnight?
During the Mintply Challenge and Verification stages, you are not required to close positions overnight or over the weekend. You have the flexibility to keep your positions open as long as you meet the other trading objectives.
However, once you become a Mintply Trader with a Mintply Account, you must close all positions before the market closes for the weekend or if a rollover (market break) exceeds 2 hours. Mintply Traders are expected to adhere to the specific trading hours of each asset class and instrument.
Standard market hours can be viewed directly within the trading platform. For example, in MetaTrader, you can check the trading hours by right-clicking on the instrument in the Market Watch window and selecting ‘Specification.’ In the cTrader platform, you can find trading hours by opening the Markets section and selecting ‘Market Symbol’ for the instrument of interest. Similarly, in the DXtrade platform, you can access trading hours by going to your “Watchlist,” right-clicking on any instrument, and selecting “Instrument Info.”
Mintply Traders with a Swing Account do not have these restrictions and are free to hold positions over the weekend and during news events.
Which instruments can I trade, and what strategies can I use?
At Mintply, we encourage diverse trading styles as long as they align with proper risk management, real market conditions, and do not involve prohibited practices. Whether you prefer discretionary trading, algorithmic trading, or using Expert Advisors (EAs), we support your approach as long as it can be replicated on live accounts and respects our rules.
You are free to trade all available instruments on the platform, including Forex, Indices, Commodities, Stocks, and Cryptocurrencies. We recommend using safety measures like Stop Loss orders, although they are not mandatory. The maximum volume per order on Forex is 50 lots.
If you use trading robots or EAs, particularly those from third parties, please note that identical strategies across multiple accounts may be flagged if they exceed the maximum capital allocation rule. Additionally, the platform servers have a limit of 200 orders at a time and 2,000 max positions per day. If your EA causes excessive activity, we may request adjustments to avoid disrupting the platform.
We strictly prohibit practices that deviate from serious trading. Any attempt to exploit the system may result in corrective action, including rebalancing or terminating your account. For a detailed understanding of prohibited practices, please refer to our Terms & Conditions, specifically clause 5.4.
What does ‘Trading according to a real market’ mean?
Trading on the Mintply platform must mirror legitimate market practices. We do not tolerate strategies that interfere with market integrity or exploit loopholes in our system.
Even though all trading on the Mintply platform—whether in the Free Trial, Evaluation Process, or on a Mintply Account—uses simulated capital, we maintain real market conditions to prepare you for live trading scenarios. Our goal is to emulate the experience of trading on real financial markets, requiring you to apply proper risk management and adhere to the same rules you would follow when trading with a proprietary trading firm.
We recommend familiarizing yourself with how Mintply works, along with our Terms & Conditions, to ensure a clear understanding of our expectations and prohibited practices.
