Maven trading is a popular prop firm with a high score of 4.6 out of 5 on the Trustpilot website, which has been operating since 2022. This institution claims to have provided $60M funding for more than 5,000 traders, a large amount that can show the credibility of this firm, but is it really reliable? In this article, we will discuss various aspects of this company and examine its position in the industry, emphasizing its credibility.
Maven Trading Company Information
Maven Trading is a relatively new player in the prop trading industry, but they've quickly made a name for themselves. Founded in 2022 and Headquartered in Canada, Maven Trading offers a unique proposition for traders looking to prove their skills and gain access to funded accounts. Maven Trading's claimed mission is clear: to empower traders by providing them with the opportunity to trade with significant capital without risking their own money.
Summary of Specifications
To give you a clearer picture of what Maven Trading offers, here's a summary of their key specifications:
Account Currency | USD, EUR |
Minimum Price | $15 |
Maximum Leverage | 1:75 |
Maximum Profit Split | 85% |
Instruments | Forex, Indices, Commodities, ETFs on Crypto |
Assets | +400 |
Evaluation Steps | 1-step, 2-step |
Withdrawal Methods | Crypto, bank transfers, credit/debit cards |
Maximum Fund Size | Up to $1M through scaling |
First Profit Target | 8% |
Max. Daily Loss | Up to 4% |
Challenge Time Limit | No limits |
News Trading | Yes (under specific conditions) |
Maximum Total Drawdown | Up to 8% |
Trading Platforms | Match-Trader, cTrader |
Commission Per Round Lot | $4 (Forex), zero (other instruments) |
Trustpilot Score | 4.6/5 |
Payout Frequency | Every 10 business days |
Established Country | Canada |
Established Year | 2022 |
Benefits & Drawbacks
Like any prop trading firm, Maven Trading comes with its own set of advantages and potential drawbacks. Let's break them down:
Pros | Cons |
Low spreads and instant execution, allowing for precise trade entries and exits | Potential trading restrictions |
Flexible account sizes ranging from $2,000 to $100,000 | Limited payment options |
Competitive pricing and generous 80% min. profit split | Low amount of assets |
No swap fees |
Funding & Price in Maven Trading
Maven Trading offers a range of funding options to suit different trader needs and experience levels. Here's a breakdown of their pricing structure:
- Account sizes range from $2,000 to $100,000
- Challenge fees start at just $15 for the smallest account size
- Larger account sizes have proportionally higher challenge fees
- Scaling opportunities available for consistently profitable traders
- No additional fees or charges beyond the initial challenge fee
Sign Up & Verification
Getting started with Maven Trading is a straightforward process. Here's a step-by-step guide to signing up and getting verified:
- Visit the Maven Trading website
- Choose your preferred challenge type (1-step or 2-step) and account size
- Click on "Buy Now"
- Enter your personal details including your name and email address on the left section, and choose your platform on the right.
- Enter your payment details (home address, phone number, etc.) and choose your preferred payment option
Now you've created your account. After completing the evaluation phases, you can start the verification process by uploading the required documents.
Evaluation Stages
Maven Trading offers two distinct evaluation paths for traders: the 1-Step Challenge and the 2-Step Challenge. Let's break down each option:
1-Step Challenge:
- Overall profit target: 8%
- Maximum daily drawdown: 3%
- Maximum total drawdown: 5% (trailing off the highest equity)
- Duration: No time limit
2-Step Challenge:
- Profit target: 8% (first phase), 5% (second phase)
- Maximum daily drawdown: 4%
- Maximum total drawdown: 8%
- Duration: No time limit
Bonuses and Discounts
Maven Trading does not offer any bonuses in the form of those provided by Forex brokers and crypto exchanges. However, you can find discount codes & coupons on third-party websites, as well as official pages and channels. Here's some of these codes:
- MATCH: 8% off on all challenges
- WOW50: 50% off on Standard 2-step challenge
- INVEST: 10% discount
We do not know whether these codes are real. Check them out for yourselves.
Available Trading Platforms
Maven Trading supports two trading platforms for users. You can use either of those based on your preferences and needs. The prop firm's platforms:
- Match-Trader
- cTrader
These platforms are available for all account sizes with both evaluation models.
Tradable Instruments and Symbols
Maven Trading offers a vast range of tradable instruments, including:
- Major forex pairs (e.g., EURUSD, GBPUSD)
- Commodities (e.g., XAUUSD - Gold)
- Stock indices (e.g., US30, UK100, FRA40, EU50)
- ETFs on Cryptocurrencies (BTCEUR, BTCUSD, ETHBTC, ETHUSD)
Currently, this firm provides over 400 assets for trading, which is more than enough for most traders.
Payment Options
This section of Maven Trading review is about the methods for withdrawal and payments. This firm offers limited options for it, but it might change in the future. Therefore, check the official website for any updates and changes. Maven payment methods:
- Credit/Debit cards
- Bank transfers
- Cryptocurrencies
Maven Trading Commission
This firm offers competitive pricing and commission structures to its traders:
- Forex trades: $4 per round lot commission
- Other instruments: No commission (spread only)
This commission structure, paired with tight spreads, is designed to be transparent and straightforward, allowing traders to easily calculate their trading costs. Regarding fees, Maven does not charge traders with any swap fees aross any accounts.
Educational Resources Overview
Maven Trading understands the importance of trader education and provides a range of resources to help traders succeed:
- Trading guides and tutorials in the form of articles
- Regular webinars on YouTube channels
- Market analysis and trading ideas shared on their blog
Trust Scores
Maven Trading has quickly established a reputation in the prop trading industry, as evidenced by their impressive Trustpilot ratings:
- Achieved a 4.6 out of 5 score based on more than 1,400 reviews
- Ranked 51 out of 150 best companies in the Alternative Financial Service category
- Ranked 36 out of 96 best companies in the Financial Institution category
Traders on the mentioned website have consistently praised Maven Trading for:
- Affordable pricing
- Responsive customer support
- Timely payouts
- Transparency in operations
- Fair trading conditions
Maven Trading Support
Customer support is a crucial aspect of any prop trading firm. As discussed above, users are generally satisfied with the quality of customer services. Here are some important points in this regard:
- Knowledgeable support staff capable of addressing technical and account-related issues
- Quick response times, with most queries resolved within 24 hours
- Limited support channels (ticket system, discord)
- 24/7 customer services
- Comprehensive FAQ section on their website for common questions
Social Media Channels & Pages
Maven Trading maintains an active presence on various social media platforms, allowing traders to stay updated and engaged:
- Discord: Over 45,000 members in their community server
- X (formerly Twitter): Regular updates, market insights, and promotional offers
- Facebook: Company news and trader success stories
- Instagram: Visual content showcasing trader achievements and company culture
- YouTube: Educational videos, webinar recordings, and platform tutorials
Trading Finder Expert Suggestions
Maven Trading cites the minimum price of $15 and its unique [60%] buyback feature as its outstanding qualities. Also, its high score of 4.6/5 on Trustpilot makes this firm a reliable option for many traders. However, do your own research before taking any action. Ultimately, with its advantages, Maven can be a favorable prop firm for you.
