Maven Trading Prop Firm
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Introduction to Maven Trading
Maven Trading, established in 2022, has quickly become a prominent proprietary trading firm in India. Based in Canada, the company offers traders the opportunity to access substantial capital through its innovative challenge programs. Maven Trading provides a platform for both novice and experienced traders to showcase their skills and potentially manage significant funds. The firm’s commitment to creating a realistic trading environment, coupled with competitive spreads and instant execution, has garnered attention in the trading community. Maven Trading’s focus on trader success is evident in its responsive customer support and educational resources.
Maven Trading Challenge Programs
Maven Trading offers two primary challenge programs: Standard and Pro. These programs are designed to evaluate traders’ skills and risk management abilities before granting access to funded accounts. Both challenges are available in 1-step and 2-step formats, catering to different trader preferences and experience levels.
Standard Challenge
The Standard Challenge is ideal for traders looking to start with lower capital requirements. It offers account sizes ranging from $2,000 to $100,000, with challenge fees starting at just $15 for the smallest account. The profit target for this challenge is 8%, with a maximum drawdown of 5% for the 1-step challenge and 8% for the 2-step challenge.
Pro Challenge
The Pro Challenge is tailored for more experienced traders seeking higher profit splits and faster payouts. Account sizes for this challenge also range from $2,000 to $100,000, with fees starting at $55 for the smallest account. The profit target remains at 8%, but the maximum drawdown is slightly higher at 6% for the 1-step challenge and 10% for the 2-step challenge.
Table: Maven Trading Challenge Comparison
Feature | Standard Challenge | Pro Challenge |
Account Sizes | $2,000 – $100,000 | $2,000 – $100,000 |
Min. Challenge Fee | $15 | $55 |
Profit Target | 8% | 8% |
Max Drawdown (1-step) | 5% | 6% |
Max Drawdown (2-step) | 8% | 10% |
Profit Split | 80% | 85% |
Trading Conditions and Instruments
Maven Trading provides traders with access to over 400 tradable instruments, including:
- Forex pairs
- Commodities and metals
- Stock indices
- Cryptocurrencies
- Individual stocks
The firm offers leverage of up to 75:1 on forex pairs, allowing traders to maximize their potential returns. Maven Trading utilizes the MetaTrader 4 and MetaTrader 5 platforms, providing traders with familiar and powerful tools for analysis and execution.
Unique Features of Maven Trading
Maven Trading stands out from other prop firms with several unique features that benefit traders:
Buyback Option
The firm provides a buyback feature, allowing traders who have lost their funded account to regain access by paying 60% of their drawdown if they restart and pass phase 1 of the challenge.
Scaling Program
Maven Trading offers a scaling program that enables successful traders to increase their account size over time. Traders can potentially scale up to $1,000,000 in funding by demonstrating consistent profitability.
Unlimited Challenge Duration
Unlike many competitors, Maven Trading does not impose time limits on its challenges. This allows traders to develop their strategies and achieve profit targets without unnecessary pressure.
Payout Structure and Frequency
Maven Trading offers competitive profit splits for funded traders:
- Standard accounts: 80% profit split
- Pro accounts: 85% profit split
Payouts are processed regularly, with Standard account holders eligible for withdrawals every 10 business days and Pro account holders every 5 business days. The minimum profit requirement for withdrawal is 1% of the account balance.
Table: Payout Comparison
Account Type | Profit Split | Payout Frequency |
Standard | 80% | Every 10 business days |
Pro | 85% | Every 5 business days |
Trading Rules and Restrictions
Maven Trading has established a set of rules to ensure fair trading practices:
- News trading is allowed, but opening new trades or straddling events in a way that leads to significant all-or-nothing wins is prohibited.
- High-frequency trading (HFT) and toxic order flow strategies are not permitted.
- Martingale trading and grid trading are strictly prohibited.
- Expert Advisors (EAs) are allowed, provided they comply with the firm’s rules.
- Maximum lot size restrictions apply, calculated as account size divided by 2.5.
Education and Support
Maven Trading provides various educational resources to help traders improve their skills and increase their chances of success. The firm offers:
Trading Guides
Comprehensive guides covering topics such as risk management, technical analysis, and trading psychology are available to all traders.
Market Analysis
Regular market updates and analysis are provided to help traders stay informed about current market conditions and potential trading opportunities.
Customer Support
Maven Trading offers 24/7 customer support through live chat and a dedicated Discord community. The support team is known for its responsiveness and ability to address technical issues and account-related queries promptly.
Table: Maven Trading Support Channels
Channel | Availability | Response Time |
Live Chat | 24/7 | < 5 minutes |
Discord | 24/7 | < 30 minutes |
Business hours | < 24 hours |
Security and Regulation
While Maven Trading is not directly regulated, the firm partners with Blueberry Markets, a regulated forex broker. Blueberry Markets is authorized and regulated by the Australian Securities & Investments Commission (ASIC) and the Securities Commission of The Bahamas, providing an additional layer of security for traders.
Conclusion
Maven Trading offers a competitive prop trading opportunity for traders in India and worldwide. With its flexible challenge programs, diverse range of tradable instruments, and unique features such as unlimited challenge duration and scaling options, the firm caters to traders of various skill levels and trading styles. While the lack of direct regulation may be a concern for some, the partnership with a regulated broker provides a degree of credibility. Traders considering Maven Trading should carefully review the terms and conditions and assess their own trading abilities before participating in the challenges.
FAQ:
Yes, Maven Trading allows the use of Expert Advisors, provided they comply with the firm’s trading rules and do not engage in prohibited strategies such as high-frequency trading or toxic order flow.
Maven Trading does not impose time limits on its challenges. Traders can take as long as needed to reach the profit targets without feeling pressured to trade aggressively.
If you breach the maximum drawdown on a funded account, you have the option to use Maven Trading’s buyback feature. This allows you to regain access to a funded account by paying 60% of your drawdown and successfully completing phase 1 of the challenge again.