Maven Trading Review: A Comprehensive Guide to This Prop Firm
Maven Trading has emerged as a cost-effective and flexible proprietary trading firm, catering to both beginners and experienced traders. Known for its competitive profit splits, low fees, and accessible evaluation models, the firm offers an appealing platform for aspiring funded traders. With scaling plans that reward consistent performance and robust risk management tools, Maven Trading stands out among its peers.
In this guide, we’ll take an in-depth look at Maven Trading’s funded accounts, evaluation process, scaling mechanics, and customer support, while comparing it to industry leaders like FTMO and Hantec Trader.
Maven Trading Review: Pros & Cons
- Flexible evaluation models tailored to traders of all experience levels.
- Industry-leading profit splits of up to 95%.
- Refundable evaluation fees, making it highly cost-effective.
- Scaling plans that offer account growth up to $1 million.
- Limited tradable assets compared to competitors.
- Relatively new in the proprietary trading space.
- Customer support is not available 24/7.
- Strict risk management rules with daily and overall limits.
Maven Trading Evaluation Process
Maven Trading’s evaluation models cater to diverse trader needs, offering flexible options like 1-step, 2-step, and 3-step evaluations designed to test traders’ skills, consistency, and risk management proficiency.
Evaluation Models
| Model | Account Size | Fees | Profit Split | Profit Target | Daily Loss Limit | Max Loss Limit |
|---|---|---|---|---|---|---|
| 1-Step | $2000 – $100,000 | $19 – $440 | 80% | 8% | 3% | 5% |
| 2-Step | $2000 – $100,000 | $19 – $440 | 80% | Phase 1- 8% Phase 2- 5% | 4% | 8% |
| 3-Step | $2000 – $100,000 | $15 – $333 | 80% | Phase 1- 3% Phase 2- 3% Phase 3- 3% | 2% | 3% |
Key Features of the Evaluation Process:
Risk Management Rules: Strict daily and total drawdown limits ensure traders adopt disciplined strategies.
Profit Targets: Achievable profit goals (8%) are designed to balance growth and risk.
Fee Refunds: Evaluation fees are fully refundable upon successful completion of the program.
Maven Trading Funded Accounts and Competitive Profit Splits
Profit Splits
Maven Trading offers a minimum profit split of 80%, allowing traders to retain the majority of their earnings. High-performing traders can potentially negotiate higher splits as they progress through the firm’s programs and demonstrate consistent profitability.
Scaling Plan
Maven Trading provides a scaling plan designed to reward consistent performance and disciplined trading. To qualify for scaling, traders must achieve:
- A 10% profit over the course of 4 months (equivalent to 2.5% profit per month).
- At least 1 payout per month during this period.
Once these criteria are met, the trader’s account receives a 25% increase in capital. This process is repeatable, allowing traders to grow their accounts up to a maximum of $1,000,000. Additionally, the maximum withdrawal cap scales alongside the account growth, offering traders more flexibility and earning potential as they progress.
Risk Management Tools
Maven Trading equips traders with essential tools to mitigate risks:
- Stop-Loss and Take-Profit Settings: Ensure disciplined exits in volatile markets.
- Margin Monitoring: Real-time updates to help traders maintain required margins.
- Risk Parameters: Fixed drawdown limits of 5% daily and 8% overall.
Fees and Pricing
Maven Trading’s low fees and transparent pricing make it an attractive choice for cost-conscious traders. The fees range from $15 to $440, depending on the account size and evaluation model, and are refundable upon program completion.
| Account size | 1-Step Fee | 2-Step Fee | 3-Step Fee |
|---|---|---|---|
| $2000 | $19 | $19 | $15 |
| $5000 | $22 | $22 | $19 |
| $10000 | $44 | $44 | $38 |
| $20000 | $88 | $88 | $75 |
| $50000 | $220 | $220 | $170 |
| $100,000 | $440 | $440 | $333 |
Trading Platforms
Maven Trading supports Match-Trader and cTrader, two industry-standard platforms known for their advanced tools and seamless execution capabilities.
- Match-Trader: Offers robust charting tools, real-time market data, and a user-friendly interface for traders of all experience levels.
- cTrader: Designed for professional traders, cTrader provides advanced algorithmic trading support and detailed analytics for strategy optimization.
These platforms provide traders with the essential tools to execute and manage their trades efficiently, ensuring a professional and streamlined trading experience.
Tradable Assets:
- Forex: Major, minor, and exotic currency pairs.
- Indices: Key indices such as NASDAQ 100 and S&P 500.
- Commodities: Limited options, including gold and crude oil.
While the asset range is narrower than some competitors, Maven Trading focuses on high-liquidity instruments suitable for its traders.
Competitor Comparison
| Feature | Maven Trading | The5%ers | For Traders |
|---|---|---|---|
| Profit Split | 80% | 50% – 100% | 80% |
| Evaluation Steps | 1-Step, 2-Step and 3-Step | Instant, 2-Step and 3-Step | 1-Step and 2-Step |
| Fees | $15 – $440 | $39 – $850 | $39 – $439 |
| Account Sizes | $2000 – $100,000 | $5000 – $100,000 | $6000 – $100,000 |
| Scaling Plan | Up to $1 Million | Up to $4 Million | Up to $1.5 Million |
| Payout Frequency | 10 Business days | Bi-weekly | Bi-weekly |
| Available Platforms | Match-Trader and cTrader | MT5 | TradeLocker, cTrader and DX Trade |
Maven Trading’s low fees and consistent 80% profit split make it an excellent choice for cost-conscious traders. While The5%ers offers a wider range of scaling opportunities (up to $4 million) and instant funding options, and For Traders supports additional platforms like TradeLocker and DX Trade, Maven Trading stands out for its straightforward evaluation process and beginner-friendly pricing.
Customer Support
Maven Trading provides reliable customer support through multiple channels:
- Live Chat: Available during business hours (9 AM – 5 PM EST).
- Email Support: Quick response times within 24 hours.
- Knowledge Base: Extensive FAQs covering trading guidelines and platform tutorials.
Areas for Improvement:
- Plans for 24/7 support could further enhance trader satisfaction.
- Introducing educational webinars and market insights would add significant value.
My PP Rating for Maven Trading
Maven Trading earned an overall score of 4.3/5, showcasing their strong offerings and customer satisfaction. Here’s the breakdown:
- Programs Offered (4.6/5): Offers flexible evaluation models (1-Step, 2-Step, 3-Step) suitable for all levels of traders.
- Profit Split & Pricing (4.5/5): Consistent 80% profit split with low, refundable fees, but no instant funding option.
- User Experience (4.2/5): Excellent platform support (Match-Trader, cTrader) but limited asset diversity compared to competitors.
- Support & Education (3.8/5): Reliable customer support but lacks 24/7 availability and educational resources like webinars.
FAQs
1. What is the minimum profit split offered by Maven Trading?
Maven Trading offers a minimum profit split of 80%, allowing traders to retain a significant portion of their earnings.
2. What evaluation models are available at Maven Trading?
Maven Trading offers three evaluation models: 1-Step, 2-Step, and 3-Step, catering to traders with varying levels of experience and skill.
3. What platforms are supported by Maven Trading?
Maven Trading supports Match-Trader and cTrader, both of which are known for their robust tools and professional-grade features.
4. What is Maven Trading’s scaling plan?
Traders can scale their accounts up to $1 million by achieving a 10% profit over four months and processing at least one payout per month.
5. What are Maven Trading’s fees?
Fees range from $15 to $440, depending on the evaluation model and account size, and are refundable upon successful completion of the evaluation.
Conclusion
Maven Trading stands out as a cost-effective and flexible proprietary trading firm, particularly for traders seeking low fees, consistent profit splits, and scaling opportunities. Its evaluation models cater to traders of all experience levels, while its scaling plan rewards consistent performance with account growth up to $1 million.
The platform’s support for Match-Trader and cTrader ensures professional-grade trading tools, though the range of tradable assets is somewhat limited compared to other firms. Customer support is reliable but would benefit from 24/7 availability and additional educational resources.
Maven Trading is an excellent choice for cost-conscious and disciplined traders, especially those looking to grow their accounts steadily while enjoying favorable profit splits.
Take your trading to the next level with Maven Trading! Sign up today to unlock scaling opportunities, low fees, and a competitive profit-sharing model.
