Hello, and welcome to my Maven Trading Review.
Maven Trading is a platform that invites traders from around the world to participate in their funded program, where you can trade using their capital.
This means you don’t need to risk your own money initially.
The idea here is that you put your trading skills to the test, and as you make profits, you build a passive income on the forex market.
Maven Trading has set some reasonable and achievable requirements to ensure everyone has a fair shot at getting a funded account.
For instance, you must reach a 9% profit target and some other straightforward trading rules during the evaluation stage to qualify.
Once you reach the funded account stage, you can trade with the company’s capital and keep up to 80% of your profits.
But before you jump in and base your decisions solely on these promises, learning more about the company is important.
In this review, I’ll uncover what Maven Trading means, how the platform operates, and their account prices.
By reading this review, you’ll be well-informed about Maven Trading and can decide whether to invest your time and resources in it.
With that in mind, let’s explore Maven Trading together!
Maven Trading Review Summary
Name: Maven Trading
Product Type: Proprietary Firm
Evaluation Fee: Starting from $45, depending on your account size.
Official Website: maventrading.com
Year of Inception: 2022
Founder: Chris Hunter
Overall Rating: 7/10
My Recommendation: Yes, but not for everyone.
Maven Trading Review – Overview
Maven Trading platform is one of the newest companies offering online funding opportunities to forex traders.
The company aims to make traders build a passive income using their capital in their trades in the forex market.
The prop firm provides different account sizes that give you multiple options.
As a low-income trader, you may choose an account size that favors your pockets.
As you continue trading, you’ll grow your account size to higher capital and earn more.
When you reach a funded account, the company allows you to withdraw anytime after fourteen days.
The withdrawal request is made possible provided you have at least 1% profits in your live-funded account.
This strategy ensures all traders in the platform who manage to get a funded account enjoy their profits every two weeks.
You may not have to wait for up to one month for you to make your withdrawals from the program.
On the other hand, the prop firm uses a trusted Eightcap broker to execute their traders in the market.
Eightcap is a regulated broker with a great reputation online serving many other companies in the forex market.
Using Eightcap brokers, the company ensures all the trading funds and customer accounts are safe while trading on the platform.
The company also allows you to trade various instruments to increase your chances of success on the platform.
Pros Of Maven Trading
- Realistic profit targets
- Withdrawal at any time as long as there are profits.
- No pressure trading.
- Instant account reset.
- Accepts news trading.
- Allows use of expert advisors.
- Allows holding of trades on weekends.
- Unique payback feature.
Cons Of Maven Trading
- Does not permit retries of trades.
- Newness in the market as it is only one year old.
- No refund of the registration fee.
Who Should Join Maven Trading?
The Maven Trading platform accepts traders from all parts of the world who have a passion for trading but lack the required capital to start.
At a small fee, the prop firm allows you to join their funded program and use their capital to trade in the forex market and achieve your financial goals.
The company targets highly skilled and profitable traders on the forex market and uses an evaluation process to detect such traders.
If you are not a profitable trader or lack basic trading skills, you may not be likely to succeed in the platform.
For this reason, you must be an experienced forex trader or have great talent in trading in the forex market to join the platform.
By risking their own capital, the company first ensures you are the type of trader they want to partner with.
The company allows you to trade freely and maximize profits to build a passive income online.
What Is Maven Trading?
Maven Trading is a proprietary firm that offers funding to part-time and full-time traders in the forex market.
The company is located in Vancouver, Canada, and has operated since 2022.
The platform has managed to get traders from all over the world, with most of their traders feeling happy with their services.
In the platform, there is a two-step evaluation challenge that you must pass to get funded.
The evaluation stage consists of the challenge and verification stages you must pass to get a funded account.
Upon completing the challenge, you’ll receive your funded account with an account balance equal to the balance you used in the evaluation stage.
The prop firm also allows you to trade more than 400 assets in the market to increase your chances of success.
According to the platform, trading various assets provides you with the opportunity to choose your preferred assets in the platform.
However, to start trading with the Maven Funding prop firm, you must first become part of their membership community.
You must also have a trading account funded with the company capital to get started on the platform.
What Are The Steps Of Joining Maven Trading?
Joining the Maven Trading platform involves the following steps:
Step One: Registration
In the first step, you’ll begin by filling out the registration form that allows you to join their membership program.
The form requires you to complete your personal details, including your background and identification details.
After completing the form, you will become part of their membership program.
Step Two: Choose Your Package
After registering on the platform, you must choose your package and start trading.
There are up to seven account packages to choose from in the platform, including the following;
- $5,000 account, which is the smallest account size on the platform.
- $10,000 account size.
- $20,000 account size.
- $50,000 account size.
- $100,000 account size.
- $200,000 account size.
- $500,000 account size.
When choosing your account, you’ll have to consider its price, which is explained in the pricing section of this review.
Step Three: Getting Started
After choosing your preferred account size, you will start your trading journey on the platform.
The trading journey in the platform begins with the evaluation stage, which you must pass to get a funded account.
How Does The Maven Trading Work?
The Maven Trading platform works in the following steps:
Step One: Challenge
This initial step introduces you to the platform and its services.
In this stage, the company requires you to prove your trading skills and competency in trading by completing the challenge.
The prop firm provides over 400 options to trade in the platform to increase your chances of success.
To pass this challenge, you must respect the trading rules set in the platform, including the profit targets and the drawdown limits.
For instance, you must reach a profit target of 9% to move to the next stage of your evaluation.
Failure to pass the challenge will deny you the opportunity to continue trading with the prop firm.
When you pass your challenge, you will move to the next stage, where you will prove your skills further to get funded.
Step Two: Verification
To ensure the first challenge is successful, the company takes you through a verification stage which finalizes the challenge.
In this challenge, you must confirm and prove your trading skills to show consistency when funded with real funds.
This will ensure your first trial in the evaluation stage was not a fluke and enable you to qualify for a funded account.
This stage also requires you to reach a profit target of 5% while respecting all other rules set in the platform.
This allows you to get the opportunity to start trading with a live-funded account.
Live Funded account
You will get funded with the company’s capital when you successfully pass your verification stage.
This allows you to trade with a live account and earn a profit share of up to 80% of the total profits you make in the market.
The prop firm also allows you to withdraw your profits at any time in the platform and transfer them to your preferred bank.
In addition, the live-funded account allows you to trade without setting any profit target.
This allows you to trade at your targets and maximize your trading career to earn your best level from the market.
Related Review: Pro Traders Fund
Maven Trading Rules
Here are the Trading rules available in the Maven Trading prop firm:
In the first evaluation stage, called the challenge, Maven Trading prop firm sets a profit target of 9%.
This means that you must be able to reach a profit target of 9% for you to pass the challenge stage.
In the verification stage, the profit target is 5%, which you must pass to move to a funded account.
The Maven Trading platform offers traders a profit share of up to 80% of the total profits they make from their trades.
For instance, if you make $1,000 in profits from your trading, you can withdraw up to $800.
When making your withdrawal, the company also withdraws as their corresponding 20%, accumulating to $200.
The prop firm sets a maximum drawdown of 10% for all levels of trade in the platform for the evaluation stage and the live-funded account.
The maximum drawdown is calculated based on the initial account balance.
For instance, if you are trading on a $100,000 account, you cannot lose more than $10,000 of your account balance.
Maximum Trading Days
No trading days are set in the platform, allowing you to trade at your preferred number of days.
Maximum Daily Drawdown
The maximum daily drawdown set in the Maven Trading prop firm is 5%, calculated based on the initial capital.
For instance, if you are trading on a $100,000 account, you cannot lose more than $5,000 daily.
Minimum Trading days
There are no minimum trading days set in the platform at all the levels of the trades.
Maven Trading platform allows you to trade with a leverage of up to 1:100 in their platform.
The Trading Instruments Available On Maven Trading
The Maven Trading platform allows you to trade assets, including more than 400 forex pairs, FX majors and mirrors, equities, and more.
This allows you to have multiple options of tradable assets in the platform and maximize your possible outcome.
On the other hand, the prop firm uses metatrader4 and metatrader5 platforms to execute their trades.
What Is The Maven Trading Prop Firm Trusted Broker?
Maven Trading platform uses Eightcap as its trusted broker to execute all its trades in the forex market.
Eightcap is a trusted broker with a great reputation as it serves many other companies online.
In addition, the eightcap broker is a registered brokerage firm recognized by many other legal authorities online.
Who Is The Founder Of The Maven Trading Platform?
The Maven Trading prop firm was founded by Chris Hunter in 2022.
Chris Hunter is an experienced forex trader based in Vancouver, Canada, and still serves as the CEO of the Maven Trading prop firm.
He also has an active LinkedIn account where he shares his trading experience with friends worldwide.
In addition, Chris focuses on making all his friends and traders achieve their financial freedom online while trading in the forex market.
By creating the Maven trading platform, Chris wanted to form a common platform where talented traders could interact with themselves, learn trading, get funded, and start trading on the forex market.
In so doing, Chriss expects all traders who join the Maven Trading platform to build a passive income online using the company’s capital.
He provides good support to traders with the company funding starting at as low as $5,000 with a much lower fee of $45.
Chris targets all traders with good trading skills irrespective of their background, gender, or financial status.
What Are The Benefits Of Joining Maven Trading?
Withdrawal at anytime
Maven Trading prop firm allows you to withdraw at any time provided you are profitable.
This becomes possible after 14 days of trading with a profit of at least 1% of the capital.
For instance, if you have traded for fourteen days and have an account balance higher than the initial balance, you qualify for the withdrawal request.
Instant reset of trading account.
The prop firm immediately resets your funded account if you want a second chance at your trading.
This provides you with the opportunity to continue with your trading journey on the platform.
No pressure trading
The prop firm does not set any maximum trading days or minimum days for all traders at any level of trading.
This allows you to trade as long as you want to achieve your trading goals on the platform.
Realistic profit target
The prop firm allows you to get funded faster by setting easy-to-pass profit targets in their evaluation stage.
This allows them to get more traders to get a funded account after joining the platform.
In addition, the lower profit target makes it a suitable option for traders lacking high market experience.
High profit share of up to 80%
The Maven Trading platform offers you a higher profit share of up to 80%, which helps you maximize your earnings.
You can earn up to 80% of your total profits from trading on the platform.
It also helps you grow your account and maximize your profits to get the best out of your trades.
What Is The Cost Of Joining Maven Trading?
The cost of joining the Maven Trading platform depends on your chosen account size and the challenge you choose.
Here is a breakdown of each of the challenges and corresponding prices:
- $5,000 account size costs $45.
- $10,000 account size costs $80.
- $20,000 account size costs $145.
- $50,000 account size costs $295.
- $100,000 account size costs $495.
- $200,000 account size costs $995.
- $500,000 account size costs $2,395.
- $5,000 account size costs $55.
- $10,000 account size costs $95.
- $20,000 account size costs $180.
- $50,000 account size costs $345.
- $100,000 account size costs $595.
- $200,000 account size costs $1,195.
- $500,000 account size costs $2,995.
- $2,000 account size costs $95.
- $5,000 account size costs $240.
Before selecting your trading account, verifying its cost and completing your payment is crucial.
Once your payment is processed successfully, your account login details will be delivered to your email address.
These login credentials will enable you to begin trading within the program’s evaluation stage.
When Do You Make Payout On Maven Trading?
The Maven Trading prop firm aims to ensure traders get the best out of their trade in the forex market.
For these reasons, the prop firm offers traders a profit share of up to 80% in their live-funded account.
Traders are then allowed to make a withdrawal request after fourteen days of trading, provided their account balance is positive.
According to the prop firm, you must have at least 1% profit in your account and have traded for fourteen days for you to make a withdrawal request.
When you withdraw, the company also withdraws its profit share from your account.
This process is followed by resetting your trading account, forcing you to wait another 14 trading days to make another withdrawal request.
As with other prop firms, this allows you to enjoy your profits frequently without waiting a full month to get paid.
After your withdrawal request is successful, your profits will be transferred to your preferred bank account or card.
At the Mavens Trading platform, time is money, and there is no longer waiting for profits.
Is There A Refund Policy In Maven Trading?
The Maven Trading platform does not talk about any refundable fees in their platform.
This means there is no guarantee of reclaiming your registration fee from the platform when you purchase your package.
Most prop firms with refundable fees always pay back to their customers when they first withdraw from the platform.
However, that is not the case with the Maven Trading platform; you may not likely expect any refund of your fee.
Also Read: ProFund888 Review
Is Maven Trading A Scam Or Legit?
Maven Trading’s prop firm is far from a scam.
It allows you to explore your trading skills in the competitive world of forex trading.
You’ll need to navigate through a two-stage evaluation process to get started.
Successfully passing this evaluation unlocks access to a live account with real capital.
Once you’re trading with the company’s funds, you can earn an impressive profit share of up to 80% of your total profits.
This generous profit share can significantly boost your income, helping you build a passive income stream.
You must be profitable and exhibit good risk management to thrive on this platform.
Being profitable is crucial for your financial gain and meeting the profit targets during the evaluation stage.
Failing to reach these targets will prevent you from securing a funded account and hinder your progress on the platform.
Maven Trading offers various options for trading account balances, allowing you to select one that aligns with your available capital.
But, and it’s a big but, if your trading performance doesn’t measure up, you won’t pass the evaluation stage.
This means you won’t have the opportunity to continue trading on the platform, which could obstruct your trading aspirations.
It’s essential to note that while Maven Trading isn’t a scam, it isn’t a one-size-fits-all solution.
Success here hinges on meeting profit targets and adhering to other trading rules.
If this doesn’t sound right, don’t worry, you can still check out other prop firms like Ultimate Traders.
It’s all about finding the right fit for your trading journey.
My Assessment Of Maven Trading
I base my evaluation of the Maven Trading prop firm on the following criteria:
Profit Splits: 8/10
Maven Trading prop firm provides an excellent profit share of up to 80% in the platform.
This makes it one of the prop firms with the best profit share in the forex market, allowing traders to maximize their income in the program.
In addition, the higher profit share allows you to grow your trading account size and get the best out of your trade in the market.
Scaling Opportunities: 5/10
The prop firm has a scaling opportunity that helps you grow your trading account size to a maximum balance with no limit.
In the scaling plan, the prop firm increases your trading account balance by up to 25% of the initial capital.
To qualify for the scaling plan, you must be profitable in the first five consecutive payouts on the platform.
The scaling plan is available for all traders irrespective of your account size or background information in the platform.
Profit Targets: 8/10
The Maven Trading platform has realistic profit targets, making it easy to pass on the platform.
This makes it one of the cheapest prop firms that allows you to get funded easily in the platform to build a passive income.
The realistic profit targets also make it a suitable option for traders with low experience levels in the platform.
The Maven Trading platform is highly affordable, with its smallest account size going for as low as $45.
The cheaper pricing in the program makes it a suitable option for low-income earners who would like to start their trading career from scratch.
In addition, it helps you have multiple options to choose from depending on your capital in the platform.
Trader Supports: 6/10
Despite the prop firm promising to offer their traders good customer support, they do not clearly explain how their support program operates.
This makes their support team unreliable for most people who need more support and guidance in the platform.
Tradable Assets: 8/10
Various tradable assets are accepted in the platform, including more than 400 assets in the forex market.
This provides you with multiple trading options in the platform that help you maximize your trades.
In addition, it makes you choose your preferred assets that can allow you to increase your trading skills.
Maven Trading platform is a trusted company that offers traders an opportunity to explore their trading career using the company’s capital.
This makes the prop firm gain a reputation as one of the best companies offering funding opportunities to traders.
It also makes the platform attract more interested traders worldwide to join their trading community.
My overall Rating: 7/10
My overall rating on the prop firm is 6/10 as one of the companies with the cheapest account options.
The prop firm also has a cheaper evaluation challenge that is manageable for many traders online.
This makes it the best option for low-income traders online to explore their trading ability from different parts of the world.
What Are People Saying
Here is what people are saying about Maven Trading prop firm:
Maven Trading prop firm has an excellent rating on Trustpilot with up to 4.8/5 stars.
From a sample of more than 600 reviewers, the prop firm manages to grab up to 89% five-star ratings, as shown below:
A trader who gave the platform 5 stars attributes negative reviews to those lacking trading expertise.
He suggests these negative ratings arise from issues like EA usage, reckless arbitrage trading, fraudulent documents, or unauthorized trading.
However, the trader praises Maven Trading for clear rules, cost-effective evaluation, and diligent procedures, giving it a perfect score.
Another trader who recently began trading with Maven Trading shared his thoughts on the platform, awarding it a four-star rating.
He expressed a positive impression of their initial experience.
Henry Tega, a trader from Nigeria, lauded the excellent support provided by the platform and gave it a 3-star rating.
He expressed that he believed some improvements were required in the spread.
Lastly, trader See Now from Egypt rated the platform just 1 star due to encountering issues.
He mentioned receiving a $ 5,000 rating account and passing the initial stages.
However, despite passing the earlier stages, he said the platform claimed rule violations and informed him to purchase a new challenge.
Before forming a judgment in your favor, it’s crucial to thoroughly review the rules and ensure you’re in compliance.
Given the predominantly positive ratings from most users, it’s evident that this platform is making strides towards positively impacting traders’ careers and lives.
FAQs About Maven Trading
What Is The Maximum Capital I Can Trade On The Maven Trading Platform?
The Maven Trading platform allows you to trade up to $500,000 as capital in their funding program.
This enables traders to maximize their profits and get the best out of their trades.
You can grow your account size to the maximum balance by joining their scaling plan in the platform.
Can I Merge My Trading Accounts Together On the Maven Trading Platform?
The Maven Trading platform allows you to merge your two trading accounts, provided your new balance does not exceed the maximum balance accepted.
For instance, if you have two accounts of $20,000 and $70,000, you can merge the two accounts to have a single $90,000 account.
However, this process requires you to make a manual request from the platform’s support team.
Which Payout Platforms Are Used By Maven Trading?
The Maven Trading platform accepts various payout methods, including; deel, crypto, and wise.
This provides traders with multiple options of payment that meet their personal criteria and requirements.
The multiple payment options allow traders to easily access their funds from the platform.
What Is The Buy Back Feature In Maven Trading?
The buyback feature in the Maven Trading platform allows you to recover your drawdown loss in a live-funded account.
In this feature, you can pay the drawdown you have lost on the platform and get an offer of between 50% and 100 % back to your trading account.
Feel free to also watch this video review of Mavin Trading:
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