Maven Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
Business
License
FCA Exceeded 
Extremely poor customer service and very arrogant account managers! They give you different information and expect you to roll with it. Their site is also hard to navigate. Would not recommend it at all!
Maven Trading has emerged as a noteworthy player in the proprietary trading landscape since its inception in 2022. This review synthesizes various perspectives on the firm, highlighting both its strengths and weaknesses. Key features include a unique challenge program that allows traders to showcase their skills without risking personal capital, and an attractive profit-sharing model. However, concerns about customer support and regulatory transparency warrant careful consideration.
Note: Given the presence of different entities operating under the Maven name, it is essential for traders to understand the implications of these variations. The following analysis aims to provide a fair and accurate overview based on multiple sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 8 |
| Tools and Resources | 5 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 7 |
| Trustworthiness | 6 |
| User Experience | 7 |
| Overall | 6.5 |
We rate brokers based on a comprehensive analysis of user experiences and expert opinions.
Founded in 2022, Maven Trading operates as a proprietary trading firm based in Vancouver, Canada. The firm primarily utilizes the MetaTrader 4 and MetaTrader 5 platforms, offering access to a diverse range of financial instruments, including forex, commodities, indices, and cryptocurrencies. Although Maven does not hold a traditional regulatory license, it collaborates with Blueberry Markets, a regulated broker in Australia, which adds a layer of credibility.
Maven Trading operates primarily in Canada and offers services globally, including regions like the United States, the United Kingdom, and parts of Africa. However, the lack of explicit regulatory oversight raises questions about the firm's operational integrity.
Maven Trading accepts deposits in various currencies, including USD, and allows withdrawals through bank transfers and cryptocurrencies, although specifics on fees for these transactions are not clearly outlined.
The minimum deposit to participate in Maven's funded challenges starts as low as $15 for a $2,000 account, making it accessible for novice traders.
Currently, Maven Trading does not offer any bonuses or promotions, focusing instead on its core funding programs.
Traders on the Maven platform can access a wide array of over 400 financial instruments. These include major forex pairs, commodities like gold and oil, stock indices, and cryptocurrencies, providing ample opportunities for diversification.
Maven Trading has a commission structure of $2 per lot for forex trades, which is considered competitive. However, the spreads, particularly for forex pairs, have been noted as wider than those offered by competitors, which could affect trading costs significantly.
Maven offers leverage up to 75:1 for forex trading, which is relatively standard in the industry, allowing traders to control larger positions with a smaller amount of capital.
Maven Trading provides access to both MetaTrader 4 and MetaTrader 5, which are well-regarded platforms in the trading community. However, the firm also utilizes its proprietary Match-Trader platform, which some users find less robust than MT4/MT5.
While Maven Trading operates in various countries, it is essential to check local regulations as certain jurisdictions may impose restrictions on proprietary trading activities.
Maven Trading primarily offers customer support in English, which may limit accessibility for non-English speaking traders.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 8 |
| Tools and Resources | 5 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 7 |
| Trustworthiness | 6 |
| User Experience | 7 |
| Overall | 6.5 |
Maven Trading offers a range of account options, including both one-step and two-step challenges. The one-step challenge requires an 8% profit target with a trailing drawdown of 5%, while the two-step challenge has a profit target of 9% in the first phase and 5% in the second phase with a static drawdown of 8%. This flexibility in account conditions makes it appealing for traders of all experience levels.
While Maven provides access to popular trading platforms, it lacks comprehensive educational resources. The firm's blog offers general trading insights but does not provide in-depth educational content, which may be a drawback for novice traders looking for guidance.
Customer support at Maven has received mixed reviews. While some users praise the responsiveness of the support team, others have reported delays and insufficient assistance, particularly regarding account issues. The absence of live chat or phone support further complicates the situation.
The overall trading experience on the Maven platform is generally positive, with users appreciating the ability to trade a wide range of instruments. However, concerns about wider spreads and occasional technical issues have been raised, impacting the trading setup.
Maven Trading's trustworthiness is somewhat ambiguous. While it has garnered positive reviews on platforms like Trustpilot, the lack of regulatory oversight and transparency about its operations raises concerns. Traders are advised to proceed with caution and conduct thorough research before engaging with the firm.
User experiences with Maven Trading vary widely. Many traders appreciate the low entry fees and the opportunity to access substantial capital, while others have expressed frustration with the lack of transparency and customer support. Overall, the user experience is contingent on individual expectations and experiences.
In conclusion, Maven Trading presents an interesting option for traders looking to enter the proprietary trading space. With its low entry fees and diverse asset offerings, it appeals to a wide range of traders. However, potential users should remain cautious and consider the mixed reviews regarding customer support and regulatory transparency before proceeding.
