Is Maven Trading Legit

Jeremy BiberdorfBy: Jeremy Biberdorf

October 30, 2023October 30, 2023

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Maven Trading, also known as Maven Trading or simply Maven, is a proprietary trading firm that offers individuals the opportunity to trade with company funds and receive a share of the profits. In this section, we will dive deeper into what exactly Maven Trading is and how it operates.

At its core, Maven Trading is a platform that allows traders to access capital provided by the firm. This capital can be used to trade in various financial markets such as stocks, options, futures, and foreign exchange. The firm’s main goal is to provide aspiring traders with the resources and support they need to become successful in their trading endeavors. But is Maven Trading legit?
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How Does Maven Trading Work

Embarking on your journey with Maven Trading Group Ltd is an exciting endeavor that offers a clear path to becoming a successful trader. Maven Trading Group operates as a proprietary trading firm, and its unique approach provides traders with the tools, resources, and opportunities they need to thrive in the financial markets. Let’s take a closer look at how Maven Trading works:

First Step: The Challenge Stage

The journey begins with the Challenge Stage, the first of two phases. In this phase, traders showcase their trading skills by engaging in a wide range of trading activities. Here, you have the opportunity to trade over 400 different pairs spanning various financial instruments. This stage allows you to prove your trading prowess and get a feel for the markets.

Second Step: Verification

After completing the Challenge Stage, the next step is Verification. This phase acts as a confirmation that your initial success was not just a stroke of luck but a demonstration of your trading abilities. While the rules are more relaxed in this phase, it still provides a controlled environment to ensure that you are well-prepared to handle the rigors of live trading.

Third Step: Live Account

Once you’ve demonstrated your trading competency in the Challenge and Verification stages, you advance to the Live Account stage. Here, the excitement escalates as you become a funded trader.

Maven Trading Group allows traders to keep 80% of the profits they generate, and they have the freedom to withdraw their earnings at any time. The trading conditions are transparent and conducive to effective trading.

Broker and Commission

Maven Trading Group partners with EightCap as its broker, ensuring low spreads and optimal trading conditions. For Forex trades, there’s a commission of $5 per lot, while CFDs, Oil, and Crypto trades are commission-free. The leverage offered varies depending on the traded instrument: 30:1 on Forex and commodities, 20:1 on crypto, and 10:1 on indices.

Payout Stage

In the Payout stage, you take control of your trading journey. The Maven platform offers the flexibility of unlimited maximum trading days, with an overall static drawdown limit of 10% and a daily drawdown based on your current balance.

Notably, you can withdraw your earnings anytime after 14 days once you’ve achieved a 1% profit. The minimum profit split is an impressive 80%, and there is no requirement for a minimum number of trading days.

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Who is Maven Trading For?

Maven Trading is not just your run-of-the-mill trading platform; it’s a dynamic and inclusive space that caters to a wide spectrum of traders with diverse needs and aspirations.

  • Novice Traders: For those who are new to the exhilarating world of trading, Maven Trading can serve as a launchpad for your trading journey. The platform’s trading challenges provide a unique opportunity for novices to showcase their trading skills and build valuable market experience.
  • Experienced Traders: Seasoned traders who are looking to take their trading activities to the next level will also find Maven Trading to be a valuable resource. One of the standout features of Maven is its high funding options. This means that experienced traders can access additional capital to scale up their trading operations without exposing their finances to excessive risk.
  • Part-Time Traders: Not everyone can dedicate themselves full-time to trading. For those who have other commitments but still want to engage in trading activities in their spare time, Maven Trading is the perfect fit. Maven Trading’s no-time-limit policy for their challenges provides flexibility, allowing part-time traders to work at their own pace.
  • Trading Communities: Trading isn’t just about numbers and charts; it’s also about community and sharing knowledge. Maven’s vibrant community, consisting of over 10,000 traders, offers a unique space for those who value being part of a larger network.

Is Maven Trading Legit?

Maven Prop Firm is a legitimate trading operation that offers traders the opportunity to manage substantial accounts with low-profit objectives and minimal time constraints. The firm’s credibility is bolstered by its registration with respected regulatory bodies, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). This ensures that Maven operates transparently and fairly.

Maven Trading distinguishes itself with an open-book policy, providing traders with detailed information on evaluation processes, trading norms, and profit objectives. The absence of hidden fees allows traders to have a clear understanding of the costs associated with their activities. Click here to sign up for Maven trading today. Remember to use our coupon code to save on sign-up fees.
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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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