Maven Trading proprietary firm offers traders the chance to trade a funded account balance from $5,000 up to $500,000 at a cheaper fee. The Maven prop firm rules are fair with lower profit target, News and EA trading, and no trading days limits, as well as saving extra cost up to 35% with Maven prop firm discount codes. However, some traders may still wonder ask questions like: Is Maven Prop Firm legit, since Maven Trading prop firm is a strong competitor in the current prop firm space. Our Maven prop trading reviews have the answer.
To answer this question, it’s important to look at Maven prop firm reviews. According to Trustpilot, Maven Trading has received mostly positive reviews from customers. Many reviewers have praised the firm’s customer service, with some calling it “excellent” and “the best and so on.”
Others have noted that the accounts are affordable calling Maven Trading legit and that the spreads are better than ECN. However, there are a few negative reviews, with some customers complaining about the lack of communication from the firm.
What Is Maven Prop Firm?
Maven Prop Trading or Maven Trading prop firm, is a proprietary trading funding provider that gives traders access to capital to trade various financial instruments. Traders at Maven prop firm trading have the opportunity to trade their style at their own pace with no time limits and low-profit targets. Maven Trading leverage is 30:1 which is ok for a prop firm challenge account.
The firm provides traders with up to $500k in funding, which can be scaled up to $1m based on performance. In return, traders are required to share a percentage of their profits with the firm. Also, the Maven prop firm discount code allows traders to save extra costs from the regular subscription price.
Maven Prop Trading is known for its balance-based drawdown feature, which allows traders to manage their risk and avoid large losses. The firm also offers a variety of tradable instruments, including stocks, options, futures, and forex.
Is Maven Prop Firm Legit?
Maven Prop Trading is a legitimate prop firm that is registered with the appropriate bodies and offers traders the opportunity to trade large sizes of funded accounts at a low cost.
Maven Prop Firm Trading has received positive reviews from traders who have worked with them. These traders have praised the firm for its reliable payouts, happy community, and variety of tradable instruments and features which is one of the attributes of a legit prop firm.
While there are some negative reviews, the majority of customers seem to be satisfied with the firm’s customer service and account offerings. It is important to assess the legitimacy of a prop firm before investing time and money into it.
Maven Prop Firm Regulatory Compliance
Maven Trading is a legitimate prop firm that is compliant with regulatory bodies. They are registered with the Financial Conduct Authority (FCA) in the United Kingdom and the Australian Securities and Investments Commission (ASIC) in Australia. These regulatory bodies ensure that the company is operating in a fair and transparent manner.
Transparency
Maven prop firm is transparent in its operations and provides traders with clear and concise information about its evaluation process, trading rules, and profit targets. They do not have any hidden fees or charges, and traders are aware of all costs associated with their trading activity.
In addition, Maven Trading prop firm has a strong online presence and provides traders with access to a community forum where they can interact with other traders and share their experiences. This level of transparency and community engagement is a positive sign of a legitimate prop firm.
Maven Trading Founder
Maven Prop Firm was founded by Hunter Fx, a professional trader with over a decade of experience in the financial markets, who also runs trading classes. Maven Trading has displayed its legitimate trading firm complying with regulatory bodies and being transparent in its operations. Traders who are interested in joining a prop firm should consider Maven Trading prop firm as a viable option.
Maven Prop Firm Reviews
For a more transparent Maven prop trading review, we considered many aspects of the firm such as payout, Maven trading rules, company profile, and Maven trading reviews by users. This will be useful when considering whether or not to work with a prop trading firm.
You have to take into account the information provided, including the experiences of other traders who have worked with the firm. Here are some of Maven Trading reviews to help you make the right decision.
Maven Prop Firm Review (Positive Reviews)
The Maven interactive reviews of most users are positive, these are traders who have had positive experiences working with Maven Prop Trading. With an excellent rating of 4.8 stars on Trustpilot, one reviewer stated that they found Maven a legit and good prop firm you can trust, adding that they had seen payouts given to traders without delays.
Another Maven Prop Trading review by some other user on the same site praised the firm’s “quick response time” and “top-notch” service.
Maven Trading Reviews (Negative Reviews)
While the majority of Maven Trading reviews are positive, there are some negative reviews to be aware of. One Maven Prop firm reviewer on Trustpilot criticized the firm’s profit targets, stating that they were “too low” and made it difficult to earn a living as a trader. Another reviewer on the same site complained about the firm’s risk management policies, stating that they were too restrictive and made it difficult to pass a challenge by taking advantage of trading opportunities.
In summary, it’s important to take both positive and negative reviews into account when deciding whether or not to work with Maven Prop Trading. While many traders have had positive experiences with the firm, there are some potential drawbacks to consider as well.
Services Offered by Maven Prop Firm
Maven Prop Trading is a reputable proprietary trading firm that offers a range of services to traders looking to upgrade their skills and make profits in the financial markets. The firm is known for its innovative approach to trading and its commitment to providing traders with the tools and resources they need to succeed.
Maven Funded Trader Program
The Maven funded account trader program is one of the main services offered by Maven Prop Firm, an easy funding trader program that is designed to help traders who have a proven track record of success trade with the firm’s capital. Traders who meet the firm’s performance targets can receive a funded account and keep a portion of their profits.
Educational Resources & Knowledge
Maven Prop Firm also offers a range of educational resources to help traders improve their skills and knowledge. These resources include webinars, trading tutorials, and one-on-one coaching sessions with experienced traders. The firm’s educational resources are designed to help traders at all levels, from beginners to advanced traders.
Trading Platforms and Tools
In addition to its funded trader program and educational resources, Maven Prop Firm also offers a range of trading platforms powered by EightCap and tools to help traders execute trades and analyze market data. These tools include state-of-the-art trading software, real-time market data feeds, and advanced charting and analysis tools.
Overall, Maven Prop Trading offers a comprehensive suite of services to traders looking to succeed in the financial markets. With its innovative approach to trading and its commitment to providing traders with the resources they need to succeed, Maven Prop Firm is a top choice for traders looking to take their trading to the next level.
Maven Trading Account Sizes, Cost and Fees
Maven Prop Trading offers a variety of account types, sizes, and pricing plans for traders looking to join their program. The pricing plans are based on the number of trading days and the account size. Traders can choose from Maven Instant Funding, 1-Step or 2-Step challenge. Additionally, traders can use the Maven prop firm discount codes to reduce the subscription fee.
Maven Instant Funding
The Maven Instant Funding allows traders to start trading immediately without the need to pass through the evaluation process, it has no minimum or maximum trading days.
Maven Instant Funding is a newly introduced program with account sizes as follows:
- Account Sizes: $2,000, $5,000
- Cost: $95, $240
- Daily Drawdown: 3%
- Maximum Drawdown: 5%
- Profit Target: 9% (account doubles at 9% profit)
- Profit split: from 60%
1-Step Challenge
The Maven 1 Step Challenge is meant for traders who want to test their skills first before becoming Maven funded account owners. It offers a single-phase evaluation process with more drawdown allowances and has no minimum or maximum trading days all at a lower cost which can be reduced further with a Maven Trading discount code.
Maven One Step challenge program account sizes and fees are as follows:
- Cost (one time): $55, $100, $180, $360, $600, $1,200, $3,000.
- Account Sizes: $5k, $10k, $20k, $50k, $100k, $200k and $500k.
- Profit Target: $450, $900, $1,500, $4,500, $9,000, $18,000, $45,000
- Daily drawdowns of $200, $400, $800, $2,000, $4,000, $8,000, and $20,000
- Max Drawdown $300, $600, $1,200, $3,000, $6,000, $12,000, $30,000
- Type of Drawdown: Static
- No minimum or maximum days limit, to be eligible for a Maven funded account.
2-Step Challenge
The Maven 2 Step Challenge and evaluation program is for traders who have the time and patience to prove their trading skills through two-phase assessments before becoming Maven funded account traders.
It offers two-phase evaluation processes, though with more drawdown allowances as compared to the 1 Step challenge, and has no minimum or maximum days limits all at a competitive rate that can be reduced further by using the Maven Trading discount code.
Maven Two Step challenge program account balance sizes and fees are as follows:
- Cost (one time): $45, $80, $150, $300, $500, $1,000, $2,400.
- Account Sizes: $5k, $10k, $20k, $50k, $100k, $200k and $500k.
- Profit Target: $450/250, $900/$500, $1,800/$1,000, $4,500/$2,500, $9k/$5k, $18k/$10k, $45k/$25k
- Daily drawdowns $250, $500, $1,000, $2,500, $5,000, $10,000, $20,000, $25,000
- Max Drawdown $500, $1,000, $2,000, $5,000, $10,000, $20,000, $50,000
- Type of Drawdown: Static
- No minimum or maximum days limit, to be eligible for a Maven funded account.
It’s important to note that traders are not required to pay any additional subscription fees. The Maven Prop Trading subscription fee is one-time and covers all trading fees.
Agreeably, Maven Prop Trading’s pricing plans are competitive and transparent. Traders can choose the plan that best suits their trading style and budget, and there are no hidden fees or commissions.
Maven Prop Firm Discount Codes FIRST5K
Occasionally traders can enjoy price reductions with the Maven prop firm discount code, Maven coupon code provides discounts to traders who sign up for the Evaluation Challenge. Applying the Maven coupon code: JULY23 on the Sign Up page will grant an instant 10% discount and 85% profit sharing for life. Alternatively, traders who are signing up for the cheapest challenge of $5,000 can apply the Maven Trading discount code: FIRST5K to receive 35% off the cost of the account.
Traders who are interested in using Maven prop firm discount code should keep in mind that the code may have expiration dates or other limitations. It is important to read the terms and conditions of the Maven coupon code before signing up for the evaluation challenge.
Maven Prop firm coupon codes can provide traders with an opportunity to save extra money, up to 35% off the cost of the challenge programs, and increase their chances of receiving a Maven funded trading account. However, it is important to remember that the prop firm evaluation challenge is a rigorous process, and not all traders may pass.
Maven Trading Rules
To ensure consistency, fairness, and transparency in the trading process, certain Maven prop firm rules and regulations have been established to guide traders in their trading activities in other to pass the evaluation process and become Maven funded account traders. We are going to discuss some of them in this Maven Trading Prop Firm review.
Maven Risk Management Rules
Maven Trading emphasizes risk management as a critical component of successful trading. To that end, the firm has established the following rules:
- Traders must adhere to the firm’s maximum daily loss limit of 3% for Instant Funding, 4% for the 1-Step Challenge, and 5% for the 2-Step Challenge.
- Traders must not exceed a maximum loss of 5% for Instant Funding, 6% for 1-Step Challenge, and 10% for 2-Step Challenge accounts.
Maven Prop Trading Rules
In addition to risk management rules, Maven Trading has established the following trading rules:
- Traders must use the firm’s trading platform to execute trades.
- Traders must not engage in any manipulative or fraudulent trading activity, such as front-running or insider trading.
- Traders must not trade any securities that are restricted by the firm.
Maven Trading Payout Rules
Maven Trading offers traders a payout based on their profits, minus a commission fee. To ensure fairness and transparency in the payout process, the firm has established the following rules:
- Traders must meet the firm’s profit target which is basically 1%.
- Traders must not violate any of the firm’s risk management or trading rules.
No doubt, Maven Trading rules are designed to promote consistency, fairness, and transparency in the trading process. By adhering to these rules, traders can increase their chances of success and earn a payout from the firm’s capital.
Maven Trading Payout Perks
Maven Trading prop firm has just introduced its trader’s ranks payout perks, this is to reward traders more, for being consistent with their trading activities. There are 5 levels of ranks in the payout perks – Diamon, Platinum, Gold, Silver, and Bronze, with each rank coming with certain rewards and requirements.
- Diamon Rank: 90% profit share and 10% scaling, requires 15 payouts
- Platinum Rank: 90% profit share and 10% scaling, requires 10 payouts
- Gold Rank: 85% profit share and 10% scaling, requires 6 payouts
- Silver Rank: 85% profit share and 5% scaling, requires 3 payouts
- Bronze Rank: 80% profit share, requires 1 payout
Pros and Cons of Maven Prop Firm
While Maven Prop Trading has its benefits, it also has its drawbacks. In this section, we will discuss the pros and cons of the Maven Prop Firm.
Pros
- Funding Options: Maven Prop Trading offers three different funding options for traders. The firm has Instant Funding, a 1-Step Challenge, and a 2-Step Challenge, which allows traders to choose the challenge that best suits their trading style and skills.
- Maven Discount Code: Traders can apply Maven Prop discount code when signing up for the challenge. The Maven prop firm discount code can help traders save additional money off the challenge plans.
- Affordable Pricing: Maven Prop Trading offers affordable pricing for its challenges starting from $45. Their pricing is competitive compared to other prop trading firms in the market.
- Fast Payouts: Maven Prop Trading pays out profits to traders quickly. The firm processes payouts within 24 hours of receiving a withdrawal request. The payout method includes crypto, feel, and wise.
- News Trading: Traders can hold open trades through news events and can close during the news.
- Expert Advisors: Traders are allowed to trade with EA.
- Buyback Feature: Traders who get kicked off funded for whatever reason can skip the verification phase by paying 50% of the challenge cost, and move straight back to being funded
- Interactive Community: With a Discord community of over 10,000 like-minded traders who share ideas and tips.
- Buyback Feature: Traders who get kicked off funded for whatever reason can skip the verification phase by paying 50% of the challenge cost, and move straight back to being funded.
- Instant Funding: Maven Instant Funding is the latest entry for traders who want to start their trading journey with no evaluation process.
Cons
- Average Leverage: Maven Trading leverage is 30:1, though not bad for prop firm accounts.
- Risk: Trading in general is risky, so also with a prop firm’s capital. Traders must meet the challenge requirements to receive funding from the firm. If a trader is not successful, they may get funded.
- Drawdown Allowance: Maven Prop Trading drawdown allowance is somewhat small, especially for the Instant funding program. Traders must be careful while trading so as not to breach the drawdown limit and fail the challenge requirements for receiving funding.
In summary, Maven Prop Trading has its pros and cons. Traders should carefully consider the risks and benefits of trading with a prop firm’s capital before signing up for the challenge.
Conclusion
Based on the reviews and information gathered, Maven Prop Trading has proven to be a legitimate and reputable prop firm in the trading industry. The company offers a wide range of funding options and low-profit targets, making it an attractive option for traders looking to scale their capital.
The Maven prop firm review shows that the firm is legit and transparent with its dealings as they have received positive feedback from customers who have traded with them. Many praise the company’s affordable accounts and efficient customer service. However, it’s worth noting that there have been a few negative reviews as well, mostly related to account suspensions and restrictions.
In conclusion, it’s important for traders to do their own research and due diligence before choosing a prop firm to work with. While Maven Trading appears to be a solid option, traders should carefully review the terms and conditions and ensure they fully understand the risks involved.
