Rating Index
Pros
Comprehensive trading options with access to over 400 assets, including forex, commodities, and cryptocurrencies.
Flexible evaluation plans with no time limits, allowing traders to progress at their own pace.
Positive reviews and a high overall rating from users, indicating a generally favorable trading experience.
Cons
Customer support concerns, including slow response times and occasional rudeness from representatives.
Issues with challenges that may lead to disqualification, causing frustration among some traders.
Lack of educational resources, which may be a disadvantage for novice traders seeking guidance.
Maven Trading broker Accounts
Maven Trading Account Type
Maven Trading offers a variety of account types to accommodate traders with different capital needs and skill levels. The account types include:
Evaluation Account: Designed for traders to prove their skills. It starts with a $50,000 virtual account and requires reaching a profit target within 30 days.
Funded Account: For traders who have successfully completed the evaluation process. Funded accounts come in different sizes:
- $25,000 funding level: 60% profit split
- $50,000 funding level: 70% profit split
- $100,000 funding level: 80% profit split
- Challenge Programs: Maven Trading provides two main challenge programs:
- 1-Step Challenge: No minimum trading days, infinite maximum trading days, with a 9% profit target.
- 2-Step Challenge: Also no minimum trading days, with a 9% profit target in phase 1 and a 5% profit target in phase 2.
- Scaling Opportunities: Traders can increase their initial account size by 25% after five consecutive profitable payouts, with a maximum scaling potential of up to $1,000,000.
Registration: Fill out the registration form with your personal details to join their membership program.
Choose Your Account: Select your desired account type based on your trading goals and capital. Options include:
- $5,000 account for $45
- $10,000 account for $80
- $20,000 account for $150
- $50,000 account for $300
- $100,000 account for $500
- $200,000 account for $1,000
- $500,000 account for $2,400
Complete the Challenge: Depending on the account type, you may need to complete a challenge to demonstrate your trading skills.
Verification Process: If you pass the challenge, you will need to complete a verification process to confirm your identity and trading abilities.
Start Trading: Once verified, you will receive full access to your funded account and can start trading immediately. Withdrawals can be made after 14 days if you have at least 1% profit in your account.
Maven Trading Broker Account Opening Process
To open an account with Maven Trading, follow these steps:
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