Maven Trading Review with Rankings 2024 By Dumb Little Man
Overall Rating | Overall Ranking | Trading Terminals |
2 | 52nd  |  |
By letting traders trade using the capital of the company, a “proprietary trading firm” helps to lower individual financial risk. These companies profit from the earnings that traders bring about and offer tools and assistance to enable their success. Maven Trading distinguishes itself by leading the charge in innovation and seeking to become the premier prop business in the trading world. From a basic chat, Maven Trading has developed into a vibrant company supporting traders in reaching their best potential.
Insightful examination of Maven Trading’s products will be presented in this review by means of consumer reviews and trade professional opinions from Dumb Little Man. The company is well-known for its reliable trading systems, real-time market connections, lightning-fast order placement, and excellent spreads and fees from its brokers. This page will guide you in determining whether Maven Trading is the best fit for your trading requirements.
What is Maven Trading?
Maven Trading is a prop trading firm committed to spearheading creative ideas among trading colleagues. From a basic chat, Maven Trading has developed into a vibrant company enabling traders to realize their best possibilities.
With their integrations, Maven Trading provides reliable trading platforms and lets users real-time market monitoring. They guarantee excellent spreads and fees from their brokers and lightning-fast order placements through first-rate liquidity providers.
Maven Trading’s rewards in 2023, reflect their dedication to trader success—$1 million. With over 40,000 Discord users and more than 5,000 sponsored traders, they create a friendly community of movie and experienced traders driven by group progress.
Supporting funded traders with no swap costs, the lowest spreads, and no time constraints, Maven Trading is the simplest Forex prop business known to be financed. They assess traders with a first-class simulated “funded trader” program including original 1-Step and 2-Step Challenges. Their platform makes it possible for traders of all experience levels as it consists of more than 400 virtual trading pairs.
Pros and Cons of Maven Trading
Pros
- Reliable trading platforms
- Real-time market integrations
- Competitive fees
- Commitment to trader success
- Innovative approach
- Supportive trader community
- Weekend holding feature
- Zero swap fees
- Unique buyback feature for funded accounts
Cons
- Absence of phone support
- Potential delays in customer service responses due to time zone differences
- Challenges with account verification process
- Mixed customer reviews
- Strict drawdown limits during evaluations
- Limited withdrawal options for some countries
- No bonuses or contests are currently offered
Safety and Security of Maven Trading
Any trading platform must first and foremost be safe and secure, hence Maven Trading gives these top priority. This prop trading firm’s platform and clients’ safety ar prioritized even if they are not a financial company like Forex brokers and thus not obliged to follow certain trading rules.
The Know Your Customer (KYC) process is used by Maven Trading to confirm user identification, therefore guaranteeing that only authorized traders may access their offerings. They also follow Anti-Money Laundering (AML) rules, which support the general security of their trade surroundings and aid in stopping illicit activity.
Maven Trading shows a dedication to keep a safe and reliable trading platform for every one of its consumers by including these steps. These initiatives provide traders peace of mind knowing their personal data and transactions are under protection.
Maven Trading Bonuses and Contests
Maven Trading does not yet run any competitions or promotions. Their main emphasis is on offering a strong and trustworthy trading platform free from any marketing efforts.
Maven Trading stresses the quality of their offerings whereas some trading companies utilize prizes and contests to draw traders. This strategy guarantees traders regular, trustworthy gains free from the volatility and constraints sometimes connected with bonuses and contests.
Maven Trading Customer Reviews
Trustpilot now rates Maven Trading at 4.6-star, which reflects conflicting consumer feedback. Some people praise the friendly customer service, pointing out a competent team and fast resolution of problems. Others, on the other hand, say the company gains from rejected challenges and voice dissatisfaction with the account verification procedure.
Concerns also surround delays in reimbursements and doubts over the ratings of the platform. Although many traders had great experiences, there are certain clear issues that prospective users should take into account overall.
Maven Trading Commissions and Fees
Among the several tools Maven Trading provides for traders are Forex, commodities, indices, and digital ETFs. Their leverage rates are 2:1 for digital ETFs, giving versatile trading possibilities; Forex has 75:1; commodities and indices have 20:1. The platform offers a wide spectrum of products including aluminum, Brent, and gold in commodities; BTCEUR and BTCUSD in digital ETFs; and other Forex pairings including EURUSD, GBPUSD, and USDJPY. Trading indices accessible include AUS200, US100, and UK100.
Charging a $2 USD charge per trade leg ($4 USD round trip) for Forex pairings, Maven Trading features a clear cost structure with automated conversion to USD if needed. Especially lacking are fees for trading commodities, indices, and cryptocurrencies. Furthermore, all virtual tradable pairs have near raw spreads, and the platform provides $0 swap costs for every account, therefore saving traders money.
Maven Trading Account Types
With pricing ranging from $15 to $299 refundable, Maven Trading provides two types of accounts for traders: the 2 Step and the 1 Step accounts. After extensive investigation, our team of professionals at Dumb Little Man tested these challenges and funded accounts and discovered the following.
2 Step Account
- Platforms: Match-Trade, cTrader
- Profit Target: 8% / 5%, $400 / $250
- Drawdown:
- Overall: 8%, $400 (Static)
- Daily: 4%, $200 (Equity-Based)
- Maximum Trading Days: Infinite
- Minimum Profit Split: 80%
- Minimum Trading Days: 0
- Payout Frequency: Every 10 Business Days
- Special Features: Weekend Holding, Swap Free, Unique Buyback Feature
1 Step Account
- Select your Platform: Match-Trade, cTrader
- Profit Target: 8%, $400
- Trailing Drawdown: 5% from your highest equity
- Drawdown:
- Overall: 5% (Trailing)
- Daily: 3%, $150 (Equity Based)
- Maximum Trading Days: Infinite
- Minimum Profit Split: 80%
- Minimum Trading Days: 0
- Payout Frequency: Every 10 Business Days
- Special Features: Weekend Holding, Swap Free, Unique Buyback Feature
Opening a Maven Trading Account
Opening a Maven Trading account takes a few minutes and is a basic, easy process. Set up your account using these guidelines and begin trading on their creative platform. You may start like this:
- Visit the Maven Trading website and navigate to the registration page.
- Choose a unique username for your account.
- Enter your full name in the designated field.
- Provide your email address and phone number for account verification.
- Create a strong password and confirm it to ensure account security.
- Select your country from the dropdown menu.
- Input a referral ID, which is a required field.
- Click the register button to complete the account creation process.
Maven Trading Customer Support
Maven Trading guarantees that traders have access to the required assistance by providing several channels for clients to receive it. From what Dull Little Man has experienced, their customer service is quick and effective.
Customers may reach out by using the contact form that is on their website. Users of direct assistance can quickly link themselves to a support agent using a live chat button.
Headquarters of Maven Trading are 2410 Cornwall Ave., Vancouver, Canada, V6K 1B8. They also have a thorough FAQ area on their website to handle often asked questions and problems.
Advantages and Disadvantages of Maven Trading Customer Support
Responsive support
Limited contact methodsMaven Trading Withdrawal Options
Two main withdrawal choices are provided by Maven Trading: direct bank transfer and digital currencies. Test results from a trade specialist at Dumb Little Man show consumers flexibility and convenience from these choices.
For Direct Bank Transfers, resident nation determines availability. Maven Trading facilitates bank transfers to various nations, including the United Kingdom, Ireland, Spain, France, and many others all around. This long list guarantees that most people may easily take their money back-off.
Maven Trading promotes digital currencies for individuals who would want them as it lets quick and safe transactions possible. For those in nations not covered by the bank transfer approach, this alternative for financial withdrawals is quite helpful.
Maven Trading Challenges and Difficulties
The 2 Step Challenge from Maven Trading calls for traders to reach an 8% or 5% profit objective, which comes to either $800 or $500. Setting the general drawdown restriction at 8% ($800), the daily drawdown maximum is 4% ($400). This structure requires thorough risk management to guarantee drawdown limit compliance and to help to meet profit targets.
Traders in the 1 Step Challenge must reach an 8% ($800) profit goal. From the peak equity, the trailing drawdown is 5%; daily drawdown limit is 3% ($300). This test measures traders’ ability to keep profitability while controlling a smaller daily drawdown level.
Aiming for profit objectives, traders may struggle to control their drawdowns. Successfully negotiating these difficulties depends on keeping discipline and following risk management rules and techniques. Strict drawdown restrictions of Maven Trading need for meticulous preparation and execution to avoid fines and realize trading success.
How to Pass Maven Trading Evaluation Process
Given Maven Trading’s strict criteria, negotiating the review process might prove difficult. You have to equip yourself with the appropriate information and techniques if you want better chances of success. Starting a training program is essential as it will provide you with the required knowledge and abilities to satisfy Maven Trading’s criteria.
Training courses provide disciplined learning environments where you may grasp the particular Maven Trading evaluation standards. Important for passing the examination are real experience and advice on risk management, trading methods, and discipline offered by these programs, aside from watching news events to educate yourself. Investing in your knowledge and improving your trading strategies can help you approach the assessment process with assurance and better chance of success.
Asia Forex Mentor – Rated Best Comprehensive Course Offering by Investopedia
If you take passing Maven Trading’s evaluation procedure very seriously, think considering signing up for Asia Forex Mentor. Thousands of traders have benefited from Asia Forex Mentor, recommended by trading professionals at Dumb Little Man, in prop company assessment programs.
Established by six-figure per transaction forex trading master Ezekiel Chew with more than two decades of expertise, Asia Forex Mentor provides a complete teaching tool. Along with developing the unique One Core Program, which teaches forex traders to profit from trading, Ezekiel runs the Golden Eye Group.
His path began with requests for trading lessons from intimate friends; since then, the classes have grown online and he has been able to share his great knowledge, talents, and experience to a worldwide audience. This makes Asia Forex Mentor a great option for everyone trying to satisfy Maven Trading’s high criteria.
How Could Asia Forex Mentor Help You Pass Maven Trading Challenge?
Given its reputation and track record in the trading world, Asia Forex Mentor is strongly advised for traders hoping to pass Maven Trading’s evaluation criteria. These are the main factors explaining why it will enable your success:
- Best Comprehensive Course Offering Award: Asia Forex Mentor achieved the uncommon distinction of being named the best complete course by Investopedia, a renowned financial resource website. The One Core Program is the greatest complete forex training available, claims Investopedia, “as extensive as you will find.”
- Best Forex Trading Course: Recently Benzinga ranked Asia Forex Mentor’s One Core Program as the top forex trading education for novices. Reliable source of financial, business, and stock information Benzinga confirmed that the AFM course is ideal for programs ranging from beginners to expert forex trading.
- Best Forex Mentor: Best Online Forex Broker 2021 gave Asia Forex tutor the title of best forex tutor. Their claim is that Asia Forex Mentor would enable you “make massive gains from forex.”
- Best Forex Trading Course: Asia Forex Mentor scored highest in a recent evaluation of top forex trading courses by renowned traders and platforms because to its efficient trading tactics and first-rate trading system.
These honors underline the validity and efficiency of Asia Forex Mentor’s instruction. Designed by Ezekiel Chew, the One Core Program has regularly exceeded the expectations of advanced and beginning traders. Enrolling in Asia Forex Mentor gives you access to thorough instruction and tested techniques, therefore greatly increasing your chances of passing Maven Trading’s assessment criteria.
Asia Forex Mentor Members’ Testimonials
Asians Forex Mentor members have shown great thanks to Ezekiel Chew and the One Core Program for allowing them to pass prop firm evaluation criteria. Praising the straightforward, succinct teaching approach and the well-written material, one user said it was the greatest course they have taken. Another underlined the program’s methodical and effective delivery as well as its success in helping one to become a regular and lucrative trader.
A total novice to trading, loved Ezekiel’s strict tutoring style helped them to comfortably interpret charts and open educated trades. These quotes taken together highlight how well the training has changed traders’ abilities and enabled them to reach their targets.
>> Also Read: Asia Forex Mentor Review By Dumb Little Man
Conclusion: Maven Trading
Maven Trading presents as one of the best prop firms for traders with reliable trading platforms, real-time market integrations, and competitive fees based on research by trading professionals at Dumb Little Man. Those wishing to optimize their trading potential find them appealing since of their creative approach and dedication to trader success.
Still, there are certain negatives to take into account, like possible delays in customer assistance brought on by time zone variances and lack of phone help. Some users have also had difficulties with verifying their accounts. Enrolling in thorough courses like Asia Forex Mentor will help you to improve your chances of passing Maven Trading’s examination by giving you the required skills and tactics to properly satisfy their strict criteria.
>> Also Read: Fuze Traders Review with Rankings 2024 By Dumb Little Man
Maven Trading Review FAQs
Is there a minimum experience level required to join Maven Trading?
No, the minimum experience level needed to join Maven Trading, regarded as the best prop firm out there, is not something known. From beginners to sophisticated traders, they provide tools and support to let traders at all levels flourish on their platform using the funded account.
How does Maven trading work?
Operating as a private trading company, Maven Trading gives traders access to funds so they may trade different financial assets, as well as different strategies and trading styles like EA and news trading. After passing an examination procedure to demonstrate their trading ability, traders can trade using the money of the company. To help their traders, Maven Trading provides real-time market integrations, reasonable rates, and first-rate trading tools so trades can enjoy the trading journey.
Is Maven a hedge fund?
Maven Trading is not a hedge fund, by no means. This is a prop firm whereby traders may utilize the funds of the company. Maven Trading concentrates on giving individual traders the tools and cash required to trade successfully, unlike hedge funds, which oversee pooled assets from many participants.
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