MenthorQ Review 2026: Gamma Levels, Pricing, Catches

MenthorQ promises you the price levels where large market makers have to hedge, for futures as well as stocks. These gamma levels are calculated for contracts such as the E-mini S&P 500, gold and crude oil. The most important limits, however, are not on the pricing page but in the checkout and the terms of use.

I have been trading discretionary price action since 1980, so I look soberly at what a data service delivers and what it only promises. This review is not based on a test of a paid plan of my own. It rests on primary sources: the pricing page and checkout, the terms of use, the Florida business register and the reviews on Trustpilot. Prices, terms and the Trustpilot score were rechecked on November 10, 2026. This is not investment advice.

MenthorQ in 30 seconds

• What it is: a data service that turns options data into modeled gamma levels and possible reaction zones, also as an indicator in TradingView, NinjaTrader and other platforms.
• What sets it apart: gamma levels for US futures such as ES, NQ, gold and crude oil, calculated from the option chains of the CME Group exchanges.
• Cost: Premium $129 a month, Pro $349, about 25% less with annual billing. Real-time futures data costs extra ($69 a month). A free account shows a delayed preview with sample data.
• The catch: in TradingView and other third-party platforms, futures data stays about 20 minutes delayed under the terms, even with the real-time add-on.
• Reviews: Trustpilot 3.6 out of 5 from 69 reviews, although 85% give five stars. Recent criticism concerns extra costs, cancellation and levels that did not match.

What is MenthorQ?

MenthorQ is a data service for active traders that analyzes options data and provides modeled gamma levels, possible reaction zones, GEX profiles and volatility models for stocks, indices, futures and crypto.

The basic idea comes from the way options dealers hedge. Whoever sells options usually hedges with the underlying. How strongly that hedge moves with the price depends on gamma. Our gamma exposure guide explains what sits behind the numbers. MenthorQ delivers this calculation ready to use, plus metrics of its own such as the Q-Score.

The service is aimed at traders who already work with charts. The levels appear not only in MenthorQ’s own dashboard but as an indicator directly in your trading platform. The integrations page shows 13 listed integrations, including TradingView, NinjaTrader, ATAS, Bookmap, Sierra Chart and MetaTrader. According to the provider, a free account needs no credit card.

Who is behind MenthorQ?

MenthorQ is run by Menthor Q LLC, a limited liability company from Florida. According to the Florida Division of Corporations, checked on October 30, 2026, it was filed on June 26, 2020, is active and is based in Miami. Fabio Ruggeri is listed as manager. On the about page, the team introduces itself by first names: Fabio as CEO and co-founder, Marco as co-founder with experience at investment banks and market makers.

MenthorQ is expressly not an investment adviser. The terms of use state that the company is not registered with the SEC as an investment adviser and only provides educational and informational content. You can look up whether a firm is registered in the SEC’s adviser database yourself. For you this means: the levels are tools, not trade recommendations.

Feature	Details
Operator	Menthor Q LLC, Miami (Florida, USA)
Founded	June 26, 2020 (Florida register)
Product	data service for gamma levels, GEX, volatility and momentum models
Markets	US stocks, ETFs, indices, CME Group futures, forex, crypto
Platforms	own dashboard plus 13 integrations, including TradingView and NinjaTrader
Plans	Free, Premium, Pro (monthly or yearly)
Users	more than 7,000 (MenthorQ’s own claim)

What data and models does MenthorQ provide?

Gamma levels are the center, and MenthorQ has built a whole family of models around them. How many there are depends on the page: the pricing page says 20+, the free account page 50+, the home page 64+. These are minimum figures, and we could not see a consistent count.

Gamma levels and Net GEX

Gamma levels are price levels calculated from open option positions that show where, according to the model, hedging by options dealers may be especially strong.

The gamma levels are the core product. For each underlying, MenthorQ shows a Call Resistance and a Put Support, strike prices where dealers may hedge more heavily according to the provider. It adds the High Volatility Level (HVL), which the home page presents as the gamma flip level.

Net GEX at MenthorQ is the gamma exposure of all open options per strike, calculated from gamma and open interest, and shows at which price levels hedging may carry particular weight.

Net DEX is the delta side of the same calculation. It shows how much delta market makers hold in total according to the model. Our guide to the market maker explains who these firms are and how they manage their inventory risk.

Gamma levels for futures

This is where MenthorQ differs most clearly from SpotGamma and similar services. According to its own model description, the provider calculates futures levels directly from the option chains of the four CME Group exchanges: CME, CBOT, NYMEX and COMEX. Coverage includes the E-mini S&P 500 (ES), the Nasdaq-100 future (NQ), the Russell 2000, crude oil, natural gas, gold, silver, Treasury futures, six currency futures, Micro Bitcoin and agricultural contracts. If you trade the smaller contracts, our guide to micro futures explains them.

MenthorQ advertises itself as the only platform with native futures gamma levels. That is a marketing claim we could not verify independently. What is documented is that the levels are calculated from futures options, not converted from stock or index options. For futures traders that is the real value: native futures levels and levels converted from the SPX rest on different option chains. The free account offers a delayed dashboard preview with sample data across the asset classes.

Volatility, Q-Score and the swing model

Besides the gamma data, MenthorQ offers a range of volatility tools. These include skew, the volatility term structure, a 3D volatility surface and the volatility risk premium, which compares implied with historical volatility.

The Q-Score is a MenthorQ metric that rates stocks and other assets by momentum, seasonality, volatility and options activity.

According to the home page, the swing model delivers “reliable” forecasts. It uses machine learning for predictions over 5 and 20 days. We did not find a hit rate or a backtest for it on the pages we checked. So treat the model as extra information, not as a signal.

QUIN AI

QUIN is MenthorQ’s AI assistant for questions in plain language. You can ask, for example, for stocks with a high IV rank and positive GEX, and QUIN filters the platform’s data. The assistant is already part of the free account. For the full feature set, the free page asks for your mobile number. Under the terms, marketing text messages need a separate opt-in.

There is plenty of learning material, all in English. The pricing page counts 350+ Academy lessons, while the free account page speaks of 500+ video lessons. The pages do not explain the different counts, and we did not verify the size of the library. There is also a finance wiki, a daily newsletter and a Discord community.

Using MenthorQ with TradingView, NinjaTrader and others

The levels come into your usual platform as an indicator. In TradingView, you add the MenthorQ indicator to the chart; there is also a table with the levels, alerts and a scanner across several symbols. For NinjaTrader, MenthorQ supplies its own NinjaScript indicator, which you install through the import function.

Order flow traders are covered too. There are connections for ATAS, Quantower, Sierra Chart, MotiveWave and TrendSpider. For Bookmap, you also need the paid Price Lines add-on from the Bookmap marketplace, as MenthorQ’s own Bookmap guide points out. Our guide to order flow trading explains what these platforms show.

Before you rely on the integration, read one paragraph in the terms of use. Real-time futures data is only available with an add-on, and that add-on expressly applies only inside the MenthorQ platform. In TradingView, NinjaTrader and any other third-party platform, futures data “will remain delayed by approximately twenty (20) minutes” under the terms, even if you have bought the add-on.

How current the levels in your chart are depends on several clocks. Exchanges publish open interest once a day. According to the intraday guide, MenthorQ still recalculates the gamma levels during the day, for futures every five minutes from 10:30 PM to 5:00 PM ET the next day. For the TradingView indicator, the same guide lists fixed update times, roughly every half hour from 8:00 AM to 3:45 PM ET. We did not test how this combines with the 20-minute clause in your platform. The integrations require Premium or Pro, so before you pay, ask MenthorQ how the levels update in your platform and whether a trial is available.

How much does MenthorQ cost?

MenthorQ comes in three tiers: free, Premium and Pro. All prices are in US dollars, and you pay by credit card or PayPal. The table shows the pricing page and the checkout on November 10, 2026; the values were the same as on October 30.

Plan	Monthly	Yearly
Free	$0	$0
Premium	$129 (first month $59)	$1,164 ($97 a month)
Pro	$349 (first month $174.50)	$3,108 ($259 a month)
Real-time futures add-on	$69	$399

Premium includes all models and integrations, while Pro mainly adds coaching. According to the pricing page, Pro includes chat rooms with pro traders, nine live sessions a week, weekly mentorship meetings and a monthly strategy session. If you only want the data, you do not need Pro.

The real cost trap is the real-time futures add-on. It is not on the pricing page; it only appears in the checkout as an option: $69 a month or $399 a year for real-time prices on 30+ CME Group futures. If you book Premium monthly with real-time futures, you pay $198 a month after the first month. And as described above, the add-on only works in the MenthorQ dashboard, not in your trading platform.

On refunds, you should know both statements. The pricing page promises a 7-day money-back guarantee and cancellation with one click in your account. The terms of use say all purchases are non-refundable unless stated otherwise in the FAQs or product-specific terms. Cancellation and refund are two separate steps. If you want to use the guarantee, find out before you pay how to request it.

Who can use MenthorQ: data status, coverage and terms

At checkout you confirm that you use the market data as a non-professional. The terms define a Non-Professional Subscriber as an individual who uses real-time data only for personal, non-commercial purposes. If you trade for a company, a fund or clients, you count as a Professional Subscriber, and data fees can differ. The checkout asks professional traders to contact MenthorQ.

The published futures list covers CME Group contracts only. The published list names no Eurex contracts such as the DAX or Euro Stoxx 50 futures. For US traders of index, energy, metal and rate futures the coverage is broad, but if you also trade European index futures, you will not find levels for them here.

Legally, you are a customer of a Florida company. Under the terms, Florida law applies, disputes go to the courts of Miami-Dade County, and you agree to binding arbitration and waive class action claims. Read these clauses before you buy an annual plan.

MenthorQ reviews: what users report

On Trustpilot, MenthorQ stands at 3.6 out of 5, although the large majority gives five stars. Of 69 reviews on the Trustpilot profile, 59 give five stars and only six give one or two stars. Arithmetically that averages about 4.6. The TrustScore is not a simple average: Trustpilot weights newer reviews more heavily, so you cannot recalculate it from the visible stars. Still, of the ten reviews from the last twelve months, four give only one or two stars (as of November 10, 2026).

On October 30, 2026, the profile also carried two notes you should know. According to the profile, there was no current record of review invitations, so the reviews may not be representative, and the company had not replied to negative reviews. Google’s business profile, by contrast, showed 4.8 out of 5 that day, but from only 22 reviews.

Reviewers mainly praise support and community. Two reviews from 2026 highlight fast help in the chat, and an older one the active Discord.

The criticism of the last twelve months centers on four points. One user felt locked into a subscription and only then discovered the extra cost of real-time data. Another reports that after he switched off automatic renewal, the levels disappeared from his chart although three weeks were still paid. The same user writes that the levels were wrong several times in live trading, and another considers the GEX method unsuitable in general. A fourth review reports receiving the password in plain text by email after sign-up.

Different levels are not unusual for GEX services. Every provider decides which expirations it includes and how it estimates the positions of market makers. Different model assumptions can therefore lead to different levels. Whether MenthorQ’s system suits you is best seen by comparing its levels with your own chart over a few weeks, starting with the delayed sample data in the free account.

Is MenthorQ legit?

MenthorQ is a real company with a traceable history, not a signal service promising profits. The company has been in the Florida register since 2020 and filed its annual reports for 2024 to 2026 (checked on October 30, 2026). MenthorQ offers its own connections with setup guides for TradingView, NinjaTrader and TrendSpider. For a data service, that is a solid basis.

We are critical of two points in the marketing. The swing model promises “reliable” forecasts, for which we found no evidence, and the real-time add-on only shows up at checkout. On top of that come complaints about cancellation. None of this makes MenthorQ a scam, but it means you should read the checkout page and the terms of use before you buy. The free dashboard preview gives you a first impression of the interface.

Alternatives to MenthorQ

Which alternative fits depends on what you trade. For the S&P 500 there are specialized services, for options flow others. We read the descriptions below on the providers’ pricing pages on October 29, 2026. The gamma exposure guide linked above compares their prices, checked on November 6, 2026.

SpotGamma

SpotGamma is built around the S&P 500. According to its pricing page, the entry plan provides key levels for the major US indices, an options flow tool and a Discord community. SpotGamma also lists a public SPX gamma exposure chart among its free tools.

Unusual Whales

At Unusual Whales, options flow comes first. According to its pricing page, even the smallest paid plan includes a GEX heatmap for US tickers. If you mainly want to follow unusual options orders, it is the better fit in our view. Our guide to options flow explains what such prints show and where they stop.

Volland

Volland sets a different focus. According to its pricing page, it offers separate tools for 0DTE options and the delta decay of options that expire the same day, besides its exposure charts.

If you do not want options data at all, you can read the order flow directly. Our trading software comparison covers the major charting platforms, including footprint tools, and our guide to volume profile shows where volume traded at each price.

Pros and cons of MenthorQ

MenthorQ is strong if you trade US futures and weak if you need real-time data in your own platform. The overview sums up what is documented in the sections above. Part of the pros you can explore in the free dashboard preview; the cons are in the checkout and the terms.

Pros

• Gamma levels for US futures: ES, NQ, gold and crude oil are calculated from their own futures options.
• Wide platform support: TradingView, NinjaTrader, ATAS, Bookmap and others connect via an indicator.
• Free account without time limit: you can view sample data and the interface without a credit card.
• Plenty of learning material: Academy, wiki and live sessions explain the models.

Cons

• Real-time futures data costs extra: the add-on only appears in the checkout.
• Delayed futures data in third-party platforms: about 20 minutes under the terms, even with the add-on.
• CME Group contracts only: no European index futures in the list.
• Refund only as an exception: the terms rule out refunds in principle; the guarantee is on the pricing page.
• Florida law and arbitration: disputes go to binding arbitration, with a class action waiver.

Conclusion: MenthorQ is mainly worth it for US futures traders

MenthorQ calculates gamma levels directly from futures options and delivers them into almost every common platform. If you trade ES, NQ, gold or crude oil and want to see modeled gamma levels on your chart, this is a fitting tool, and the free account lets you look at sample data without paying.

The costs are higher than the pricing page suggests. Real-time futures data costs extra, and in your own platform it still stays delayed. If you day trade with live values, ask MenthorQ before you book how current the levels are in your platform. A TradingView chart with your own CME data remains the reference for the current price.

My advice from more than 40 years of trading: compare the levels with your own chart for a few weeks and note how price reacts there. Only when the levels tell you something in your own market is a subscription worth it.

Frequently asked questions about MenthorQ

How much does MenthorQ cost per month?

Premium costs $129 a month, with $59 for the first month. Pro costs $349 a month; yearly, Premium is $1,164 and Pro $3,108. Real-time futures data adds $69 a month or $399 a year. A free account with delayed data has no time limit (prices checked on November 10, 2026).

Is MenthorQ free?

Partly, through a free account without an end date. It needs no credit card but shows the platform only with delayed data and as a preview. It includes QUIN AI, the Academy, the wiki, the newsletter and Discord.

Can you trust MenthorQ?

MenthorQ is Menthor Q LLC from Miami, registered in Florida since June 2020. The service is expressly not investment advice. On Trustpilot it stands at 3.6 out of 5, with criticism mainly about extra costs and cancellation.

Does MenthorQ work with TradingView?

Yes, MenthorQ supplies a TradingView indicator with gamma levels, a table, alerts and a scanner. Under the terms, however, futures data stays about 20 minutes delayed in TradingView, even with the real-time add-on. Other connections include NinjaTrader, ATAS and Bookmap.

Which futures does MenthorQ cover?

MenthorQ covers futures traded on the four CME Group exchanges. That includes ES, NQ and RTY, crude oil, natural gas, gold and silver, Treasury futures, six currency futures and Micro Bitcoin. European contracts such as the DAX future are not on the list.

Can I cancel MenthorQ and get my money back?

You can cancel with one click in your account, according to the pricing page. The pricing page also names a 7-day money-back guarantee, while the terms rule out refunds in principle but allow exceptions. Cancellation and refund are separate steps, so ask before you pay how to request the guarantee within the seven days.

Which is better, MenthorQ or SpotGamma?

It depends on the market you trade. SpotGamma focuses on the S&P 500 and US stocks. MenthorQ scores with futures traders because it calculates gamma levels directly from CME futures options and offers indicators for many platforms.