Maven Trading Review: Is Maventrading.com the Best Prop Firm?
From how to get funded to a complete evaluation of this company, our Maven Trading review covers everything. If you are looking for a prop firm, especially a good one, you are at the right place. Even at first glance, Maven Trading Company seems like a great choice.
Whether you’re an experienced trader or a newbie, or if you want to trade commodities, indices, CFDs, forex, or more than 400 assets, Maven Trading is equipped with everything you need. Keep reading our review to learn more about this company and decide whether or not they are a good choice.
About Maven Trading
Even at just a glance, this proprietary firm seems like a great choice. They offer flexibility and security, and above all, they have an amazing reputation since 2016. After you prove that you’re an experienced trader by completing the challenges, you can start trading profitably.
The company was founded by Chris Hunter, who is today the CEO of Maven Trading Ltd. To learn more, keep reading our Maven Trading review, and don’t forget to check Decode Global as well before you go. They are a regulated brokerage company you can partner with.
|Maven Trading Ltd
|2410 Cornwall Ave, Vancouver, British Columbia V6K 1B8, CA
|Financial Authorities Warnings
|If Active on Social Media:
|Nigeria, United States, India, United Kingdom, Ghana
|Potential issues with challenges;
|Variety of instruments available; Great reviews;
Prop firms don’t require regulatory oversight, and Maven Trading doesn’t supply any regulated financial services. As a trader, you must choose a regulated and reputable firm to increase your chances of success. This prop firm is partnered with Blueberry Markets, incorporated in Saint Vincent and the Grenadines (2610 LLC 2022).
ACY LLC is not granted a particular license by Saint Vincent and the Grenadines to offer margin FX and CFDs. Instead, while consenting to onboard consumers, ACY LLC takes into account the specific legal framework of each country in which a person trades.
The fees you pay for the programs are not deposits. Maven does not offer financial advice and does not issue or deal in financial products. All trading occurs on demo accounts only, so that’s why regulatory oversight is not required but it is appreciated.
Maven Trading Features
With more than 400 products accessible at Blueberry Markets, including indices and currency, you have freedom. Every account operates in demo mode. Spreads are modest with no commission on CFDs, oil, cryptocurrency, and other instruments, and raw and almost 0 on key pairs with a $2 lot, $4 round commission.
The leverage for forex is 1:75 on all major currency pairs, 1:30 for commodities, 1:20 for crypto, and finally 1:10 for indices. Maven Trading company seems to be suitable for traders of all kinds, and no matter what you want to trade with, they have it. And unlike Mex Atlantic, Maven is a real deal!
Maven Trading Plans
Standard and Pro are the two plans that are available. You can select the one-step or two-step evaluation challenge that best fits your needs. For a reasonable charge, Maven Trading allows you to choose the optimal plan, funding amount, and profit share.
The funding amount can be anywhere from $2,000 up to $5,000, and the only difference is the evaluation fee and some additional features. Additional features include infinite maximum trading days, 8% static drawdown, equity-based daily drawdown, 80% profit split, and zero minimum trading days.
With the Maven Trading Group pro plan, the static drawdown is 10%, the daily drawdown is balance-based, and 85% profit split.
Traders Share Their Experiences
The Trustpilot comments about Maven Trading are rather impressive. An overall score of 4.7 stars is based on 780 reviews. The majority of the reviews are positive, however, there are still some, 4% to be exact, that experienced some issues while using this prop firm.
Most of the unfavorable comments complain about the company’s policy and all of them broke some rules. The customer support was their only chance of fixing things but they were slow in response and rude, according to several traders.
One trader even complained about overnight spreads that go up to 150 pips. Even after failing, some traders were given a retry but even then, they experienced some issues with the company.
Deposits and Withdrawal Methods
You can pay the fee with a credit card or cryptocurrency. When paying with cryptocurrencies make sure to copy the value shown in the chosen coin and not the USD value. There are two withdrawal options, however, crypto is the most popular and quickest.
Deel can withdraw directly into your bank account, however, Maven Trading requires you to have at least $1,000 in profit split available. Anything below will incur additional charges. The system will automatically calculate your withdrawal based on your account type and ranking.
Weighing the Pros and Cons
Can I Make Money While Trading Online?
Maven Trading seems like an amazing choice and is suitable for traders of all types. If you decide to look for a tool to aid you, try our AI-powered tool and we promise you will love it.
Think of the AI Analysis Tool as revolutionary. You can skip years of traditional education and start making wise decisions right away by using this program. This powerful tool makes precise predictions about future price movements and helps analyze market swings.
Are you curious about its features? Make an appointment for your first free consultation with our experts right away to see directly how this innovative tool can revolutionize your trading experience.
What is Maven Trading?
Maven Trading is a prop firm that’s looking for experienced traders and offers them funding.
Which Broker Does Maven Use?
Maven Trading is partnered with Blueberry Markets, incorporated in Saint Vincent and the Grenadines (2610 LLC 2022).
Is Maven Trading Legit?
Maven Trading is a legitimate business and a great choice if you are looking for an effective, affordable, and reputable prop firm.