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Maverick Currencies foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://maverickfx.com/application-3-a/, about the company's legal and temporary regulatory information, the company's address P.O. Box 900802, Salt Lake City, UT 84090.

Maverick Currencies Forex Broker

Basic Information

Registered Region
United States
Operating Period
--
Company Name
Maverick Currencies
Abbreviation
Maverick Currencies
Company employee
--
Customer Service Email Address
support@mavericktrading.com
Contact Number
+19402175826
Company Website
Company address
P.O. Box 900802, Salt Lake City, UT 84090
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Maverick Currencies Review Summary Registered Country/Region United States Regulation Unregulated Market Instruments Forex Pairs, Futures, Stocks, Options, Crypto currencies Demo Account N/A Trading Platforms N/A Customer Support (Mon - Fri: 6AM - 5PM)Email, Twitter, Facebook, Instagram, Linkedin and online messing What is Maverick Currencies? Maverick Currencies: A private equity trading firm based in the United States, Maverick Currencies offers professional traders the opportunity to manage and trade its unregulated brokerage account. With a focus on Forex Pairs, Futures, Stocks, Options, and Crypto Currencies, Maverick Currencies provides a diverse range of market instruments for trading. If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics. Pros & Cons Pros Cons Comprehensive video tutorials and guides Not regulated Multiple communication channels Limited transaction information provided on the website No 24/7 customer support Lack of investor protection Pros: - Comprehensive video tutorials and guides: Maverick Currencies offers detailed video tutorials and guides on their official website, which can be beneficial for new investors looking to learn more about trading and the platform's features. - Multiple communication channels: The availability of various communication channels such as email, online messaging and social media, enhances accessibility and allows users to reach out for support or assistance through their preferred medium. Cons: - Not regulated: The lack of regulation exposes investors to increased risks, as there is no oversight to ensure fair practices and safeguard investor funds. - Limited transaction information provided on the website: On their official website, the information about minimum deposits, funding methods and so on are hardly concerned. Inadequate transaction information can make it challenging for investors to track and understand their trading activities effectively. - No 24/7 customer support: The absence of round-the-clock customer support will result in delays in addressing urgent issues or queries, potentially impacting investor experience and satisfaction. - Lack of investor protection: Without investor protection measures in place, such as insurance or regulatory oversight, investors face higher levels of risk and uncertainty regarding the safety of their funds and the integrity of the platform. Is Maverick Currencies Safe or Scam? Maverick Currencies operates without any legitimate regulation in place, indicating a lack of oversight by governmental or financial authorities over their activities. This absence of regulation poses a significant risk for investors, as it means that the individuals behind the platform could potentially misuse funds without being held accountable for any illicit behavior. In essence, they have the freedom to abscond with investors' money at any given time without prior warning. Therefore, individuals should contemplate investing with Maverick Currencies to conduct comprehensive research and carefully assess the potential risks posed against the potential rewards before committing any funds. Market Instruments Maverick Currencies offers a diverse range of trading instruments to cater to the preferences and strategies of traders. These trading instruments include: - Forex Pairs: Maverick Currencies provides the opportunity to trade in the foreign exchange market, allowing traders to engage in currency pairs and capitalize on fluctuations in exchange rates. - Futures: Traders at Maverick Currencies have access to trading futures contracts, which are agreements to buy or sell assets at a predetermined price on a specified future date. This instrument enables traders to speculate on the price movements of commodities, indices, or financial instruments. - Stocks: Maverick Currencies facilitates trading in stocks, granting traders the ability to buy and sell shares of publicly listed companies on various stock exchanges. By trading stocks, investors can benefit from capital appreciation and dividend income. - Options: Maverick Currencies offers options trading, giving traders the right (but not the obligation) to buy or sell assets at a predetermined price within a specified period. Options provide traders with leverage and the opportunity to hedge their positions or speculate on price movements. - Cryptocurrencies: Maverick Currencies enables traders to participate in the burgeoning cryptocurrency market by offering the ability to trade various digital assets such as Bitcoin, Ethereum, and other cryptocurrencies. Trading cryptocurrencies allows investors to take advantage of price volatility in this emerging asset class. As a private equity trading firm, Maverick Currencies empowers a team of professional traders to manage and trade its brokerage account. This approach provides traders with the opportunity to leverage their expertise and experience in executing trades across the diverse range of trading instruments offered by Maverick Currencies. How to Open an Account? To open an account with Maverick Currencies, please follow these steps: Step 1 Enter contact information or click “Apply Now” for place-holding. 2 Watch a 3-minute video about Maverick Currencies from the CEO, covering basics of Proprietary Trading, Maverick‘s structure, ideal candidates, and recruiting process. Access basic FAQ page. 3 Fill out trader profile to assess market exposure, trading experience, certifications, and potential conflicts of interest. 4 View a 50-minute video detailing Maverick Currencies, trading systems, methodologies, risk management, and the Capital Sharing Program. 5 Explore Advanced FAQ’s explaining the firm‘s operations and the applicant’s role. 6 Schedule interview: Application review, recruiting team contact for interview scheduling, confirmation of phone number and preferred contact time. Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Business hours: Mon - Fri: 6AM - 5PM Email: support@mavericktrading.com Address: P.O. Box 900802, Salt Lake City, UT 84090 Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, and Linkedin. Whats more, Maverick Currencies provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, Maverick Currencies aims to provide transparency and clarity to their clients, helping them make informed decision. Maverick Currencies offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders. Conclusion In conclusion, Maverick Currencies offers a range of trading instruments, along with multiple communication channels for user support. However, significant drawbacks include the lack of regulation, limited transaction information on the website, absence of 24/7 customer support, and a lack of investor protection measures. These factors contribute to increased risks and uncertainties for investors using the platform. As such, individuals considering Maverick Currencies should weigh these pros and cons carefully before engaging with the platform for trading activities. Frequently Asked Questions (FAQs) Q 1: Is Maverick Currencies regulated by any financial authority? A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: How can I contact the customer support team at Maverick Currencies? A 2: You can contact via email: support@mavericktrading.com, Twitter, Facebook, Instagram, Linkedin and online messing. Q 3: What services and products Maverick Currencies provides? A 3: It provides forex pairs, futures, stocks, options, and crypto currencies. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Rating Index

How to login to Maverick Currencies?
Maverick Currencies Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of proprietary trading can be daunting, but with the right information, registering, opening an account, and logging into Maverick Currencies can be a straightforward process. This gui

  

Maverick Currencies Broker - Comprehensive Information Guide

  

1. Broker Overview

  Maverick Currencies, established in 1997, is a proprietary trading firm based in Salt Lake City, Utah. This private equity trading firm specializes in empowering traders by providing them with the necessary capital and training to succeed in the competitive forex market. The firm primarily serves individual traders looking to leverage its resources for trading, focusing on both forex and cryptocurrency markets.

  Over the years, Maverick Currencies has evolved significantly, transitioning from its original branding as Maverick FX to its current identity. This change, effective January 1, 2022, reflects the firm's strategic decision to expand its offerings to include cryptocurrency trading alongside traditional forex trading. The firm has a strong reputation within the trading community and has established a robust training program aimed at nurturing both novice and experienced traders.

  Maverick Currencies operates under a unique business model that allows traders to use the firm's capital to execute trades, thus aligning the interests of the firm with those of its traders. This model also includes a profit-sharing arrangement where traders retain a significant portion of their earnings, typically between 70% to 80%. The firm prides itself on creating a supportive environment that fosters collaboration and shared success among its traders.

  

2. Regulatory and Compliance Information

  Maverick Currencies operates without any regulatory oversight, which is a significant aspect to consider for potential traders. The firm does not hold licenses from major regulatory bodies, indicating a lack of formal oversight that could protect investors. This absence of regulation raises concerns about the safety of client funds and the firm's operational transparency.

  The firm adheres to basic compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, to ensure that its trading practices align with standard financial regulations. However, the lack of a regulatory license means that there is no investor compensation fund in place, which could provide additional security for traders in case of financial disputes or insolvency.

  Maverick Currencies does not publicly disclose detailed information regarding the segregation of client funds, which is a common practice among regulated brokers to protect investor capital. As such, potential clients should be cautious and conduct thorough research before engaging with the Maverick Currencies broker.

  

3. Trading Products and Services

  Maverick Currencies offers a range of trading products, primarily focusing on forex trading. The firm provides access to a variety of currency pairs, allowing traders to engage in both major and minor forex markets. While the exact number of available currency pairs is not specified, the firm emphasizes its commitment to providing a diverse trading environment.

  In addition to forex, Maverick Currencies also facilitates trading in Contracts for Difference (CFDs) across various asset classes, including indices, commodities, stocks, and cryptocurrencies. The introduction of cryptocurrency trading marks a significant expansion in the firms product offerings, aligning with market trends and trader demand.

  The firm is dedicated to keeping its product offerings updated, although specific details about the frequency of product updates and the addition of new trading instruments are not publicly available. Retail trading services are the primary focus, with a structured approach to educating traders on effective trading strategies and risk management.

  

4. Trading Platform and Technology

  Maverick Currencies utilizes a proprietary trading platform designed to facilitate seamless trading experiences for its users. While the specifics of this platform, including its features and functionalities, are not fully detailed, the firm emphasizes its commitment to providing a robust trading environment.

  The firm does not support popular trading platforms like MetaTrader 4 or MetaTrader 5, which are commonly used in the industry. Instead, Maverick Currencies offers a web-based trading platform that allows traders to access their accounts from any device with internet connectivity. Mobile trading is also supported, enabling traders to manage their accounts on the go.

  Execution modes employed by Maverick Currencies are not explicitly stated; however, the firm focuses on providing a reliable trading infrastructure. The technology behind the trading platform is designed to ensure efficient order execution and minimal latency, which are critical for successful trading.

  API access for automated trading is not mentioned, indicating that traders may need to rely on manual trading strategies unless otherwise specified.

  

5. Account Types and Trading Conditions

  Maverick Currencies offers a standard account type with specific trading conditions. The minimum deposit requirement to start trading is reported to be around $5,000, which grants access to substantial trading capital. The firm typically provides leverage ratios of up to 50:1, allowing traders to amplify their trading positions.

  The account conditions include variable spreads, which may vary depending on market conditions and the specific trading instruments being utilized. While there are advanced account types such as VIP or professional accounts, detailed information regarding their specific conditions is not readily available.

  Maverick Currencies does not provide a demo account option for prospective traders, which limits the ability to practice trading strategies without financial risk. The firm does, however, offer educational resources to help new traders develop their skills before trading live.

  Overnight fees and other associated costs are not explicitly detailed, suggesting that traders should inquire directly with the firm for comprehensive information regarding all trading conditions.

  

6. Funds Management

  Maverick Currencies supports various funding methods, allowing traders to deposit funds through bank transfers and ACH transfers. The minimum deposit requirement for different account types is set at $5,000, which is a significant upfront commitment for new traders.

  The processing time for deposits is generally prompt, although specific timelines are not disclosed. Traders should expect that funds will typically be available for trading shortly after the deposit is processed.

  Withdrawal options include bank transfers and ACH transfers, with restrictions potentially applying to the frequency and amount of withdrawals. The processing time for withdrawals is usually within a few business days, although exact details may vary based on the firm's internal policies.

  Fees associated with deposits and withdrawals are not explicitly mentioned, indicating that traders should confirm any potential costs directly with the Maverick Currencies broker.

  

7. Customer Support and Educational Resources

  Maverick Currencies offers multiple customer support channels, including email and online messaging. However, the firm does not provide 24/7 support, which may limit assistance during urgent trading situations. The support team is available during standard business hours, typically Monday through Friday.

  The firm offers educational resources designed to enhance traders' knowledge and skills. These resources include webinars, tutorials, and a library of pre-recorded instructional videos. Market analysis services, such as daily market updates and research reports, are also available to help traders make informed decisions.

  Trading tools, including calculators and economic calendars, are provided to assist traders in their daily activities. Additionally, the firm fosters a community environment where traders can share insights and strategies with one another.

  

8. Regional Coverage and Restrictions

  Maverick Currencies primarily serves clients in the United States, Canada, the United Kingdom, India, and Australia. The firm has a presence in various regions, although specific office locations are not extensively detailed.

  Certain countries may be restricted from accessing Maverick Currencies' services due to regulatory considerations. Prospective traders should verify their eligibility based on their geographical location before applying for an account.

  Special restrictions may apply depending on local laws and regulations, and it's advisable for traders to conduct their due diligence regarding any potential limitations that may affect their trading activities with the Maverick Currencies broker.

  In summary, Maverick Currencies presents a unique opportunity for traders seeking to leverage a proprietary trading model. However, the lack of regulatory oversight and transparency regarding certain aspects of the business should prompt potential clients to thoroughly research and weigh the risks involved before engaging with the firm.

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Latest Reviews

Lucky明

Lucky明

Netherlands

This broker is great. First of all the support is the best one I ever had to communicate with. The mobile app and the desktop platform were easy to use as well. Overall for 2 years trading with them my experience was great.

37130

2023-02-17

旺仔小流氓

旺仔小流氓

Indonesia

Maverick is reliable, but you still have to spend lots of time in developing your own trading strategies. Their training is useful and instructional…

37130

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Maverick Currencies

News

Maverick FX Changes Corporate Name to Maverick Currencies

News Maverick FX Changes Corporate Name to Maverick Currencies

Maverick FX has renamed itself as Maverick Currencies. The move comes as Maverick FX expands beyond its original forex trading business

Maverick Currencies Forex Broker has an overall rating of 1.54, Regulatory Index 0.00, License Index 0.00, Business Index 7.20, Software Index 4.00 Risk Control Index 0.00.
Maverick Currencies