Jeremy Biberdorf
By: Jeremy Biberdorf
July 31, 2023

Maven Trading Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
July 31, 2023

Disclosure

Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Maven Trading Logo

4.6/5

4.6 rating based on 5 ratings

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In a Nutshell: Maven Trading Group Ltd, led by Hunter FX, stands as a beacon that reshapes the landscape of proprietary trading firms. Unlike conventional prop firms, the company offers an innovative Challenge Program. This initiative allows you to dive into the trading world without risking your capital while still partaking in a fair profit split.

With its all-encompassing trading platform, the firm caters to diverse strategies, offering traders a chance to navigate the market uniquely – through daily drawdown management, news trading, and a realistic profit target. The scalability of funding, stretching up to $1m, and the flexibility of minimum and maximum trading days sets the company apart.

Maven’s transparency on company status, challenge cost, and unique buyback feature establish it as a strong contender in the Proprietary Trading space.

Service TypeFees
Prop Trading FirmVariable Fee
Pros & Cons
Pros
  • Variety of funding options
  • Availability of discount codes
  • Competitive Pricing
  • Prompt payouts
  • News trading allowed
  • EA trading allowed
  • Buyback feature
  • Large interactive community
Cons
  • Limited leverage
  • No guaranteed funding

Maven Trading Overview

Initial Capital$5,000 – $500,000
Price Range$45 – $2400
Profit Split80%
Daily Loss
Max Drawdown10% static
Profit Target9% – 5%
Tradable ProductsForex, Crypto, Indices, Stocks, Commodities

What Is Maven Prop Firm?

maventrading.com website

Maven Prop Firm is a leading financial institution that offers traders significant capital to engage in trading a wide range of financial instruments. With its reputation in the finance sector, the firm sets itself apart by empowering traders to tap into funds as high as $500k, with the potential to increase this amount to an impressive $1m based on individual performance.

What truly differentiates Maven Trading is its unmatched flexibility and trader-centric approach. Traders at Maven are not bound by restrictive time limits, and the firm’s profit targets remain relatively low, making it appealing to both novice and experienced traders.

Furthermore, the firm’s unique balance-based drawdown system is noteworthy. This tool allows traders to effectively manage risks, ensuring they minimize potential losses. With a diverse portfolio of tradable instruments, including stocks, options, futures, and forex, Maven ensures versatility in trading.

Maven’s consistent payouts, vast tradable instruments, and a thriving community of satisfied traders underscore its position as a trusted choice for those exploring proprietary trading firms.

External Maven Trading Reviews & Ratings

SiteRating
Trustpiot

Firsthand User Experience with Maven Trading

Here are some reviews from traders who have experienced the platform firsthand:

“I consider the support team or customer care service of any organization to be one of the backbone of the organisation and Maven Support Team rocks and big shout-out to Hayden from the support team.”
“Honestly, Maven is the best prop firm ever traded with so far. Their amazing support team/Admins with fast response and also the reliability and credibility of the firm. With also having the fastest Payout system of less than 120mins after requesting withdrawal. Now, they just introduced the most amazing feature ever seen on this industry, which is the payout ranking system for funded traders. Wow, I’m really so delighted to be among the funded traders of this great firm. Kudos and Maven to the world.🌎❤️”
“I must admit they are fast and reliable. Support team is fast and always there to assist at any time.”
“Excellent customer service. I had a new account on mt4 (three months ago) which i never used and they were able to switch it to mt5 for me after over three months of not even logging in and also on a new broker. Thanks.”

How Do Maven Prop Firm Works

maventrading.com dashboard

Embarking on your journey with Maven Trading Group Ltd entails a straightforward yet exciting process.

First Step

In the first step of this 2-Phase challenge, you must demonstrate your prowess by tackling the Challenge Stage. Here, you can engage in a flurry of trading activities with over 400+ pair options.

Second Step

Next comes the Verification step, a repeat of the challenge but with more relaxed rules. This step acts as a safety measure, confirming that your initial success wasn’t merely a stroke of luck but a testament to your trading acumen.

Third Step

Once your trading competency is ascertained, the third step ushers you into a Live Account. This is where the thrill escalates. As a funded trader, you can keep 80% of all profits you generate, with the option to withdraw anytime. The trading conditions are equally clear and conducive.

Broker and Commission

Maven Trading partners with EightCap as its broker, ensuring low spreads and optimal trading conditions. FOREX trades incur a commission of $5 per lot, while CFDSs, Oil & Crypto trades are commission-free.

The leverage offered is variable, depending on the traded instrument: 30:1 on FOREX & commodities, 20:1 on crypto, and 10:1 on indices.

Payout

Finally comes the Payout stage. Here, you take control and manage the rest. The Maven platform offers infinite maximum trading days, with an overall static drawdown of 10% and a daily drawdown based on your current balance.

Another significant feature we love is the lure of withdrawing anytime after 14 days once you hit a 1% profit. The minimum profit split stands at an impressive 80%, with no minimum trading days.

Unique offerings

The trading frequency can bring you closer to the profit target, set at 9% for the 1-Step Maven Challenge and 5% for the 2-Step Maven Challenge. Some of the company’s offerings include:

  • News trading
  • Expert advisors
  • Weekend holding
  • Special buyback feature.

With its instant account reset feature, the Maven platform gives every trader a second chance, thus promoting no-pressure trading.

Who is Maven Prop Firm For?

Maven Trading caters to a variety of traders with diverse needs and goals. This includes:

Novice Traders

Maven Trading’s challenges can provide a platform for newcomers to demonstrate their trading skills and gain market experience.

Experienced Traders

Seasoned traders looking for additional capital to scale up their trading activities may find Maven Trading a suitable platform. The high funding options that Maven Trading offers can help these traders manage larger portfolios without risking their capital.

Part-Time Traders

Traders with other full-time commitments but want to engage in trading activities in their spare time. Maven Trading’s no-time-limit policy for their challenges allows traders to trade at their own pace.

Trading Communities

Maven’s community of over 10,000 traders also suits those who value being part of a community where they can share ideas, strategies, and experiences.

Maven Trading Review on Funding Challenge

maventrading new challenge

Maven Trading Group Ltd’s innovative 2-Step Challenge presents an exciting option for trading, setting new paradigms in the proprietary trading sector.

With no stringent time limits, the challenge offers 9% and 5% phase-wise profit targets, respectively, and a static maximum drawdown of 10%.

What makes this offer even more compelling is the daily balance-based drawdown of 5% and a leverage of up to 1:30.

The company creates conducive trading conditions with a lucrative 80% profit split, regular withdrawals every 14 days, and a minimum withdrawal of just 1%.

Another advantage that traders will enjoy is the allowance of news trading and EA trading, though restrictions apply.

2-Step Challenge Accounts

The 2-Step challenge accounts range from $5k to $500k, with the $5k and $10k accounts being particularly competitive compared to rivals.

Maven also provides an appealing scaling plan. After receiving at least five payouts, traders can request to scale up their account by 25%, with the maximum drawdown based on the original account balance. The daily drawdown of 5% is calculated based on your new account size.

Is Maven Prop Firm a Scam?

maven trading stats

Maven Prop Firm is a legitimate operation that allows traders to trade substantial accounts with low-profit objectives and without time constraints.

While every firm has criticisms, most clients who have tried out the proprietary firm appear satisfied with its customer service and account offerings.

Regulatory Compliance

Maven Trading stands out as a credible prop firm adhering to the compliance standards of notable regulatory bodies. It is registered with the Financial Conduct Authority (FCA) in the United Kingdom and the Australian Securities and Investments Commission (ASIC) in Australia. These institutions ensure that Maven operates in a manner that is transparent and fair.

Transparency Operating

With an open-book policy, Maven Trading provides traders with lucid, detailed information regarding its evaluation processes, trading norms, and profit objectives. With no hidden charges or fees, you can be fully informed about the costs associated with your trading activities.

Maven Trading  Review on Rules

Risk Management Rules

As a leading proprietary trading firm, Maven Trading lays out rules to secure a consistent and transparent trading operation.

An integral part of their approach is a strong emphasis on risk management, essential for successful trading. Key risk management rules include:

  • Adherence to a maximum daily loss limit of 4% for the 1-step challenge and 5% for the 2-step challenge.
  • Ensuring not to exceed a maximum loss of 6% for 1-step challenge and 10% for 2-step challenge accounts.

Trading Rules

Beyond risk management, Maven Trading has implemented specific trading rules that traders are obligated to follow:

  • Obligatory use of the firm’s proprietary trading platform for all trade executions.
  • Prohibition of manipulative or fraudulent trading practices, such as front-running or insider trading.
  • No High-Frequency Trading bots
  • No Martingale
  • No Latency Arbitrage
  • No Reverse Trading.

Reviewing Payout Policies

For payouts, Maven Trading adopts a system where payouts are issued based on a trader’s profits, post deduction of a commission fee. The firm has established certain rules to assure transparency and fairness in the payout process:

  • Traders must meet the firm’s profit target, typically 1%.
  • Compliance with the firm’s risk management or trading rules is mandatory.

Maven Trading Review – Final Thought

Maven Trading Group Ltd is a unique and compelling choice in the proprietary trading industry. The firm’s innovative challenge program offers traders an unparalleled opportunity to demonstrate their trading prowess without risking their capital.

The comprehensive trading platform supports diverse strategies and offers extensive flexibility, from leveraging and profit targets to drawdowns.

Maven’s transparent policies, such as the instant account reset feature and the allowance of news trading and EA trading, cultivate a healthy, conducive trading environment for novice and seasoned traders. Click here to sign up and get started today!

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.