Starting out in trading, especially with prop firms, can feel confusing. There are so many options, each with different rules about profit targets, drawdown limits, and the money you need to invest. How do you pick the right firm? How do you avoid losing money due to unclear or strict rules?

In this article, we'll explore why Maven Trading might be a good choice for your trading career. We’ll go over everything from the firm's background to the benefits they offer, helping you make a clear and informed decision.

Legal Details of Maven Trading

Before jumping into the benefits, it’s important to know the basics about Maven Trading:

• Legal Name: Mavsoftware LTD
• Company Number: 15115632
• Country of Registration: United Kingdom
• CEO: Chris Hunter

Maven Trading has been operating since May 2022 and has built a reputation as a reliable prop firm.

What Benefits Does Maven Provide?

1. Two Types of Challenge Accounts

Maven Trading offers two types of trading accounts: the 1-Step Challenge and the 2-Step Challenge. Each is designed for different types of traders.

1-Step Challenge

This option is for traders who want to move quickly. You only have one phase to complete, so it’s faster, but you’ll need to manage your risk very carefully.

2-Step Challenge

This account is better for traders who are new or prefer less pressure. It offers a more relaxed environment, focusing on steady growth.

2. Profit Targets

Maven Trading has reasonable profit targets:

• 2-Step Challenge: 8% profit target for Phase 1 and 5% for Phase 2.
• 1-Step Challenge: 8% profit target.

These targets are easier to reach compared to the typical 10% target at other prop firms, making Maven a good choice for beginners.

3. Drawdown Limits

Drawdown rules are crucial because they determine how much you can lose before you have to stop trading. Maven offers two types of drawdown limits depending on the challenge account:

Static Drawdown (2-Step Challenge)

Static drawdown is based on your account's starting balance and doesn’t change. This is good for beginners because it’s simple and straightforward.

Trailing Drawdown (1-Step Challenge)

For the 1-Step Challenge, Maven uses trailing drawdown, which adjusts as your balance changes. This helps traders improve their risk management.

4. Special Features

Maven Trading includes some features that other firms might charge extra for.

Holding Overnight and Over the Weekend

Maven Trading lets you hold trades overnight and over the weekend. This is great for traders who like to hold onto trades for longer periods.

Swap-Free Accounts

Maven offers swap-free accounts, which are beneficial for traders who don’t want to pay overnight fees. This is also ideal for Islamic traders who follow Sharia law.

Buy-Back Feature

Maven Trading has a unique buy-back feature. If you hit your drawdown limit, you can pay 60% of the daily drawdown to keep trading with your funded account. This can be really helpful if you face unexpected losses.

5. Pricing

One of the best things about Maven Trading is its affordable pricing.

Low-Cost Entry

If you’re hesitant to risk a lot of money, Maven allows you to start with as little as $15, giving you access to $2,000 in funds. This is perfect for beginners.

Affordable Higher-Tier Accounts

Even if you want more funding, Maven’s prices are competitive. For example, a $10,000 challenge account costs only $38, which is lower than the standard market price.

Conclusion

Starting your trading career with a prop firm doesn’t have to be complicated or expensive. Maven Trading offers affordable and flexible options that are beginner-friendly. With its range of account types, simple drawdown rules, and extra features like swap-free accounts and a buy-back option, Maven Trading is a solid choice for new traders.