FXCI
Use promo code "FUNDEDTRADING" and get 15% discount. Challenge cost $42, funding amount $5K!
Details of Maven Trading Funded Programs
Join a prop trading firm dedicated to helping traders reach their full potential. Offering the easiest path to getting funded, Maven Trading provides access to over 400 tradable assets, competitive fees, and unique evaluation challenges. The firm stands out with its realistic trading environment, low costs, and the ability to scale accounts up to $1,000,000 in capital.
Updated 27-07-2024
Advantages
- Easy Funding: The easiest forex prop firm to get funded with just a $15 refundable fee.
- Competitive Fees: Market-leading pricing with no swap fees and the lowest spreads in the industry.
- Wide Asset Range: Over 400 virtual tradable assets, including FX majors, minors, and equities.
- Scalability: Accounts can scale up to $1,000,000 in capital by achieving a 10% profit over four months.
- Evaluation Challenges: Unique 1-step and 2-step challenges to assess trader skills before accessing a simulated funded account.
- Instant Execution: Fast order placements with top-notch liquidity providers.
- Flexible Trading: No time limits on trading evaluations, offering greater flexibility.
- Risk Management: Clear rules against gambling, including excessive scalping and martingale strategies.
- Support for News Trading: Allows trading during news events with specific restrictions to ensure fair play.
- Low Drawdown: An 8% drawdown limit ensures disciplined trading practices.
Disadvantages
- Strict Rules: Specific restrictions on trading strategies like excessive scalping, martingale, and all-in.
- News Trading Restrictions: Cannot open or close trades 2 minutes before or after a red folder news event.
- Withdrawal Requirements: To scale accounts, traders must process at least one payout per month and achieve a consistent profit.
Advantages
- Easy Funding: The easiest forex prop firm to get funded with just a $15 refundable fee.
- Competitive Fees: Market-leading pricing with no swap fees and the lowest spreads in the industry.
- Wide Asset Range: Over 400 virtual tradable assets, including FX majors, minors, and equities.
- Scalability: Accounts can scale up to $1,000,000 in capital by achieving a 10% profit over four months.
- Evaluation Challenges: Unique 1-step and 2-step challenges to assess trader skills before accessing a simulated funded account.
- Instant Execution: Fast order placements with top-notch liquidity providers.
- Flexible Trading: No time limits on trading evaluations, offering greater flexibility.
- Risk Management: Clear rules against gambling, including excessive scalping and martingale strategies.
- Support for News Trading: Allows trading during news events with specific restrictions to ensure fair play.
- Low Drawdown: An 8% drawdown limit ensures disciplined trading practices.
Disadvantages
- Strict Rules: Specific restrictions on trading strategies like excessive scalping, martingale, and all-in.
- News Trading Restrictions: Cannot open or close trades 2 minutes before or after a red folder news event.
- Withdrawal Requirements: To scale accounts, traders must process at least one payout per month and achieve a consistent profit.
Brand Story
Maven Trading is a premier prop trading firm that offers a simulated funded trader program for full-time traders. Established to drive innovation and leadership in the trading community, Maven Trading provides a robust platform for traders to unlock their full potential. The firm's focus on low costs, realistic trading environments, and extensive asset range makes it a top choice in the industry.
Key Features
Flexible Account Options:Various account types cost from $15.
Educational Resources:Access to a wealth of educational materials and support to enhance trading skills.
Performance Analytics:Detailed analytics and reporting to help traders track and improve their performance.
Community Support:Access to a network of fellow traders for shared insights and strategies.
How it works?
When selecting a programme you will need to set the account amount and trading platform, based on this the cost of the programme will be determined:
Trading Rules
◉ Gambling: Maven Trading prohibits gambling during challenge phases, defined as engaging in high-risk trading behaviours that disregard prudent risk management strategies.
◉ Excessive Scalping: Holding 50% or more of trades for less than a minute is considered excessive scalping and is discouraged as part of Maven Trading's evaluation criteria.
◉ Martingale: Opening five simultaneous positions in drawdown on the same pair is not permitted, as it involves doubling down on losses in a manner that increases risk.
◉ All in: Trading without risk management, such as not setting a stop-loss and relying solely on market direction, is deemed high-risk and incompatible with Maven Trading's evaluation process.
◉ Excessive Scalping: Holding 50% or more of trades for less than a minute is considered excessive scalping and is discouraged as part of Maven Trading's evaluation criteria.
◉ Martingale: Opening five simultaneous positions in drawdown on the same pair is not permitted, as it involves doubling down on losses in a manner that increases risk.
◉ All in: Trading without risk management, such as not setting a stop-loss and relying solely on market direction, is deemed high-risk and incompatible with Maven Trading's evaluation process.
Program details
Special Features for both programs
- Weekend Holding
- Traders can hold positions over the weekend, enabling continuity in trading strategies without the need to close positions on Friday.
- Swap Free
- Traders on Maven platform do not incur swap fees for holding positions overnight, which can reduce trading costs, particularly for longer-term strategies.
- Unique Buyback Feature
- Unique buyback feature, providing traders with the option to repurchase their positions at a predetermined price, enhancing flexibility in managing trades.
These features and parameters are designed to provide traders with flexibility, cost-effectiveness, and risk management tools to optimise their trading strategies effectively.