Maverick Trading Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
Sep 21, 2023
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4.2 rating based on 5 ratings

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In a Nutshell: The primary hurdle that traders encounter is a lack of access to capital. Without large amounts of capital, it’s difficult to generate regular returns, which would let them dive into trading on a full-time basis. This is where prop trading firms come into play. They present an appealing solution by offering substantial funding to retail traders.

With a plethora of over 30 such firms available, the question arises: Which one suits you best? Today, we’re going to be looking into one of the – Maverick Trading. Maverick Trading is a highly regarded prop trading firm that extends significant capital to experienced traders, boasting a 70-80% profit-sharing model.

So, could this be the prop firm that aligns with your financial aspirations? Keep reading our Maverick Trading review and find out.

Service TypeFees
Trading Prop CompanyVariable
Pros & Cons
  • Extensive Education catering to both novice and seasoned traders.
  • Access to a flexible trading simulator and trading journal tools.
  • Dedicated risk managers to prevent impulsive trading decisions.
  • Supportive and approachable staff creating a welcoming environment.
  • Established track record spanning more than two decades.
  • Offers a trade-friendly interface and courses suitable for remote and part-time traders.
  • Program fees might lean towards the pricier side.
  • Risk deposit requirements could pose challenges to advancement.
  • Entry process is known to be time-consuming.
  • Selective acceptance rate, with only 3%-4% of applicants being approved.

Maverick Trading Overview

Initial Capital $25,000 – $800,000
Price Range $7,000 one-off lifetime membership fee, $5,000 risk capital, $199 per month base fee
Profit Split70% – 80%
Daily Loss
Max Drawdown
Profit Target
Tradable Products Stocks, Forex, and Options.

What Is Maverick Trading?

Maverick Trading is a proprietary trading firm that has a focus on two distinctive trading services: Stocks and Options Trading, with a notable emphasis on options, and Forex Trading facilitated by Maverick Currencies.

Maverick Trading isn’t just recruiting traders; they’re into nurturing trading education and acumen. They serve as mentors and educators, equipping traders with proprietary trading strategies, sophisticated software, and meticulously devised rules-based methodologies, all aimed at fostering consistent profitability.

But here’s the intriguing part: Maverick Trading offers more than just tools and comprehensive education. They provide time-tested discipline and risk management strategies designed to help traders find immediate success and start making real money. Don’t live in Utah? Don’t worry! Maverick Trading embraces remote trading, allowing traders from diverse global locales to partake in their services.

Novice traders as well as seasoned traders alike find a hospitable home at Maverick Trading. Their innovative capital-sharing initiative aligns trader and firm interests, ensuring a harmonious trading experience supporting shared success.

Maverick Trading’s funded trader program also opens doors to elite trading circles. Layering this with the company’s vigilant risk management oversight and sophisticated technology access really emphasizes Maverick’s commitment to their clients’ success.

And the pièce de résistance? Capital access for this proprietary firm ranges from a substantial $25,000 to an impressive $800,000. This facet allows you not only to master trading but also to fund your trading endeavors autonomously.

Learn More About Maverick Trading

External TheoTrade Review & Ratings

Online Prop Trading4.7
Forex Peace Army4.2

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

“Mavericks provide a great in depth education into options and stock trading. Their understanding is deep and is very helpful to traders trying to find a way to make a living in the markets. They were absolutely essential to building my understanding that was necessary for me to take the leap into making trading my primary focus.”
“As an unexperienced trader with some skills, they took me in and coached me to be the best version of myself. Can’t recommend them enough. They understand just how difficult it is and really work WITH you to help reach your goals.”
“Very happy with the extensive training in not only the options strategies, but also how my personality/strengths and weaknesses will both help me and hurt me in reaching my trading goals. Then taking that and putting it into a workable trading plan has been very helpful!!”
“Maverick provides the structure and platform you need to trade at the professional level. It really does take time and dedication, and after you’ve invested yours you realize the amount that Maverick has done not only to help you, but hundreds of other traders. These are real people with real results, and I hope to stay a part of the community for a long time.”

Maverick Trading History

Maverick Trading began in 1997 in Salt Lake City, Utah. It was started by Darren Fischer and Robb Reinhold, both experienced in floor trading. Today, it’s one of the top proprietary trading firms in the U.S.

Maverick Trading specializes in Options/Equities and Forex. The firm offers its traders unique tools, clear strategies, and hands-on training. Maverick’s methods help traders find profitable trades and earn consistently.

They emphasize discipline and risk management, ensuring traders start making profits from their first live trading session.

Features of Maverick Trading

Let’s dive into the exciting world of Maverick Trading’s features and see why it has so many positive reviews. Whether you’re a successful trader looking for new horizons or a forex enthusiast eager to capitalize on the market, Maverick Trading has something up its sleeves for you. Check out their diverse array of programs:

  • Professional Trading Program: Geared towards experienced traders, this program lets you tap into Maverick Trading’s proprietary trading system and capital. You can even score a slice of the profits you generate. With training, tech, and support, ambitious traders get the additional funding they need to reach their long-term goals.
  • Forex Program: If forex is your jam, this program is tailor-made. Trade the forex market with Maverick Trading’s capital and share the profits –a true collaboration.
  • Options Program: Options enthusiasts, rejoice! Maverick Trading’s got your back with an options trading program that lets you use its capital to dive into options trading. Get a taste of the potential profits.
  • Maverick FX Fund: Step into the world of the Maverick FX Trading Fund, a hedge fund managed by Maverick Trading. It’s open to both individual traders and institutional investors, offering the allure of diversification and professional management.
  • Unveiling the Proprietary System: Their proprietary trading system is at the heart of Maverick Trading’s success. Armed with clever algorithms and risk management tools, this system ensures that your trading decisions are informed and calculated. It is one of the main features that sets them apart from other Forex prop trading firms.
  • Structured Video Training: Maverick Trading provides a comprehensive training module with over 250 hours of detailed video instructions. This extensive training, endorsed by CEO Darren Fischer, helps traders to immerse themselves fully for several months. The content has been derived from the firm’s combined trading experience of over a century, offering essential insights for profitability in both the Stock/Options and FX Divisions. These videos are designed to make inexperienced traders, expert traders in a reasonable amount of time.
  • Personalized Coaching: Every trader at Maverick is enrolled in a structured coaching program. The support and guidance during this phase ensure that traders can effectively navigate the provided material and improve their trading skills. The seasoned coaches, having been with Maverick for several years, are on a salaried basis. Their primary motivation is to enhance the profitability of Maverick Trading’s traders. The continuous mentorship makes them a market leader in the funded trading industry.
  • Trade Simulator: Before jumping into live trading, traders are equipped with a trade simulator. This tool allows them to sharpen their chart-reading skills in a risk-free environment. The next step involves traders submitting their journaled trades in a demo account to simulate real-market trading without any financial risks.
  • Personality Analysis and Trading Plan: Upon joining, a new trader undergoes a personality test. Maverick Trading then reviews the results, identifying potential trading strengths and bad habits. Using this analysis, they help traders with their portfolio management and formulate a customized, detailed Trading Plan. This plan encompasses:
    • Suitable market conditions for the trader.
    • Defined risk per position.
    • Set limits for total portfolio exposure.
    • Appropriate capital allocation models.
    • Specific strategies and their timely applications.
    • Considerations for broad market, sector-specific, and stock-specific analysis.
  • Demo Account with Feedback: Maverick Trading closely monitors the trades made on a trader’s demo account, particularly focusing on adherence to the trading plan. Based on this, they provide actionable feedback to refine the trading plan and improve risk management strategies.
  • Membership Fee Refund: While Maverick Trading charges a membership fee for every trader, they have an attractive refund policy. Once a trader earns an amount equivalent to their membership fee for the company, the entire fee is reimbursed, emphasizing Maverick’s commitment to forming lasting partnerships with dedicated traders.

The Maverick Trading Review on Pricing

Let’s break down the pricing structure like Maverick does in their recruiting videos. Here’s the lowdown on trading in their FX Division! You’ll start with a $4,000 lifetime membership fee, followed by a $199 monthly desk fee from the second month onwards. When you’re ready for live trading, you’ll need a $2,000 risk capital deposit.

Your first two months begin with a $4,000 account to ensure you manage risks smartly. Successful trading moves you up to a $10,000 account. Climbing the ranks mirrors the Maverick Trading Options Division, where consistent trading surpassing your previous high-water mark for two months is the key. Losses exceeding your risk capital deposit don’t fall on you—they’re non-recourse. A performance bonus kicks in at $3,000 profit splits with the firm.

For those aiming high, the top-tier account holds $300,000—handling positions up to $15 million in FX. Maverick Trading’s got your back with over 100 hours of intensive FX instruction, plus structured coaching and supervision.

How Does Maverick Trading Work?

If you’ve ever wondered what it takes to join their ranks and thrive as a trader, stick around as we dive into the details step by step. From qualification application and, ultimately, capital sharing, let’s navigate the Maverick Trading journey together and discover the opportunities that await with this unique trading platform.

Joining the Squad:

  • Maverick hunts for prospective traders on job boards and social media.
  • Apply – get evaluated based on experience and history (they’re picky – only 3-4% get in).
  • Interview done? Training programs might need a fee. Skip if you’re a pro.

Training and Qualification:

  • Everyone does the Maverick Qualification program.
  • Take your time; it’s about thoroughness, not speed.
  • Minimum two months on a demo; homework, reviews, and self-assessments happen.

Capital Sharing Program:

  • Qualify? Welcome to the capital-sharing program.
  • Put in a risk deposit for more trading power.
  • Risk managers keep tabs; progression means more profit cuts.
  • No commissions, just profit splits, and teamwork.
  • $200 monthly covers mentoring, risk checks, webinars, and more.

Maverick’s got your back from application to trading – a structured exploration path.

How is Maverick Trading Different Than Other Prop Firms?

What differentiates Maverick Trading from many other proprietary trading firms lies primarily in its approach to nurturing traders through their thorough educational programs. Unlike several prop firms that provide challenges with set profit targets and minimal support, expecting professional traders to already be proficient, Maverick Trading takes a distinct route:

  • Training Emphasis: Maverick Trading places a significant focus on continuing education. Before assessing a trader’s capabilities, they mandate a comprehensive training and development phase. This foundation ensures that traders are well-equipped to handle a funded account efficiently.
  • Qualification Program: Every trader at Maverick, irrespective of their prior trading experience, undergoes a thorough Qualification Program. This program ensures uniformity in skills and understanding among all traders.
  • Higher Retention: Despite having fewer sign-ups than some competitors, Maverick boasts a higher trader retention rate. This high retention speaks volumes about trader satisfaction and the quality of training provided.
  • Supportive Environment: The firm doesn’t merely set traders a challenge and leave them to it. They offer sustained support and ongoing coaching to their community of traders, ensuring even remote traders have all they need to succeed. This nurturing environment is likely why many traders, regardless of skill level, express high satisfaction with their trainers and the overall Maverick experience.

Who is Maverick Trading For?

Let’s take a closer look at who Maverick Trading is tailor-made for. Whether you’re a trading newbie looking for guidance, an experienced trader aiming to level up, or someone keen on mastering risk management, Maverick Trading might be your trading match. Let’s dive into who exactly Maverick Trading is a perfect fit for:

  • Newbie Traders: If you’re new to the trading scene and ready to dive in headfirst, Maverick’s got your back. They’re all about teaching you the ropes and setting you up for success.
  • Experienced Traders: Seasoned trader? Maverick’s not just another platform; it’s a place where your skills can flourish. Their support, strategies, and community can amplify your trading game.
  • Risk Managers: If you’re all about calculated moves and want a firm that takes risk seriously, Maverick’s risk management setup is music to your ears.
  • Remote Warriors: Distance doesn’t matter here. Maverick’s remote trading option lets you join the action no matter where you are on the map.
  • Aspiring Fund Managers: Dreaming of managing funds? The Maverick FX Fund is the perfect playground for spreading your wings and learning the ropes of managing other people’s investments.
  • Serious about Growth: Maverick isn’t just about making trades and crafting a trading journey. They’re in your corner if you’re serious about growing as a trader and getting better over time.

Is Maverick Trading Legit?

Maverick Trading is undeniably a legitimate firm. While their principal focus remains on the stock and options sector, joining their forex program also presents unique money making opportunities.

Maverick Trading stands as a genuine proprietary trading firm, poised to provide traders an avenue to not only refine their skills but also to access increased funding.

Maverick Trading Review – Final Thought

Maverick Trading is the real deal when it comes to prop trading firms. It’s a solid opportunity for traders who want to boost their skills and snag some extra funding. Maverick has a fanbase of funded traders from across the globe, but here’s the thing: some folks get a bit turned off by the fact that diving into funding isn’t as simple as ABC.

You must apply and roll through their training hoops, which can take up some serious time. So, if you are interested, click here to learn more about Maverick Trading! Or click here for Maverick Forex & Crypto.

Get Started with Maverick Trading

Frequently Asked Questions

To become a member of Maverick Trading, you need an initial capital of $12,000. Before accessing funds for proprietary trading, an in-depth interview process is mandatory. Joining their stock/options division will set you back $7,000. Upon reaching an account balance of $25,000, an additional $5,000 as risk capital is required. Luckily, you have the flexibility to retrieve your funds whenever you wish.

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.