Overview
Maven Trading is a proprietary trading firm that offers traders the opportunity to manage funded accounts by passing evaluation challenges. The firm provides various account types and aims to support traders in achieving financial independence through trading.
Evaluation Model
Maven Trading offers multiple evaluation models:
- One-Phase Challenge: A single-phase challenge requiring traders to meet specific profit targets within defined drawdown limits.
- Two-Phase Challenge: A two-phase challenge where traders must achieve profit targets in both phases, adhering to drawdown rules.
- Three-Phase Challenge: A three-phase evaluation with progressively increasing requirements, designed to assess traders’ consistency and risk management.
- Instant Funding: An option for traders to receive immediate funding without undergoing the evaluation process, subject to specific terms and conditions.
Profit Split
Maven Trading offers a profit split of up to 80% for traders who successfully manage funded accounts. This means traders retain 80% of the profits they generate, while the remaining 20% goes to Maven Trading.
Payment & Withdrawals
- Payment Methods: Traders can pay for challenges using various methods, including credit/debit cards and cryptocurrencies.
- Withdrawal Methods: Profits can be withdrawn via bank transfers and cryptocurrencies, providing flexibility for traders worldwide.
- Payout Frequency: Payouts are processed every 10 business days, ensuring regular access to profits.
Drawdown Rules
- Maximum Daily Loss: Traders must not exceed a daily loss limit, which is a percentage of the account balance, to maintain their funded status.
- Maximum Overall Loss: There is a maximum drawdown limit, calculated as a percentage of the initial account balance, that traders must adhere to.
Trading Platforms
Maven Trading supports trading on popular platforms, including:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
These platforms are widely used and offer robust features for technical analysis and automated trading.
Scaling Plan
Maven Trading offers a scaling plan that allows traders to increase their funded account size based on consistent profitability and adherence to risk management rules. This plan provides an opportunity for traders to grow their capital allocation over time.
Payout Process
Traders can request payouts every 10 business days, provided they meet the minimum profit requirements. The process is streamlined to ensure timely access to earned profits.
Available Trading Instruments
Maven Trading provides access to a wide range of trading instruments, including:
- Forex Pairs (Majors, Minors, and Exotics)
- Indices (S&P 500, NASDAQ, Dow Jones, etc.)
- Commodities (Gold, Silver, Oil)
- Cryptocurrencies (Bitcoin, Ethereum, etc.)
This variety allows traders to diversify their strategies across different markets.
Profit Target
Profit targets vary depending on the chosen evaluation model:
- One-Phase Challenge: Traders must achieve a profit target of 8%.
- Two-Phase Challenge: Phase 1 requires an 8% profit target, while Phase 2 requires a 5% profit target.
- Three-Phase Challenge: Each phase requires a 3% profit target.
Account Sizes
Maven Trading offers various account sizes to accommodate different trading preferences and risk appetites. Account sizes range from $2,000 to $200,000, providing flexibility for traders at different levels.
Rating Table
Feature
Rating (Out of 10)
Prop Firm Overview
8.5
Evaluation Model
9.0
Profit Split
8.0
Payments & Withdrawals
8.5
Regulation & Security
8.0
Maximum Funded Capital
8.5
Drawdown Rules
8.0
Trading Platforms
9.0
Scaling Plan
8.5
Payout Process
8.5
Trading Instruments
9.0
Account Sizes
8.5
Profit Targets
8.0
Overall Rating
8.5
Final Verdict
Maven Trading stands out as a reputable proprietary trading firm offering flexible evaluation models, competitive profit splits, and access to a wide range of trading instruments. With its supportive infrastructure and clear trading rules, Maven Trading provides a conducive environment for traders aiming to manage funded accounts and grow their trading careers.