Maven Trading, which is really popular for offering one of the most affordable challenges with no payout denials, has launched their new 3-Step Challenge and also new adjust price! In this article, we are going to explain how this might be the best 3-Step Challenge and which traders does this new plan targets, how the drawdown and profit target works.

New 3-Step Challenge Program :-

Every Prop Firm out there are coming with new offering this year and Maven is also not holding back. As Maven Trading has seen success in their both 1-Step and 2-Step Challenges, Now Maven Trading has offered a new 3-Step Challenge. Which is exceptionally better than their competitors. Here is how and why this stands out :

Only 3% Profit Target

Yes that’s right, Maven Trading has made the 3-Step Challenge really exciting with their new approach towards 3-Step Challenges. With only 3% profit target in each phase, Maven Trading has become the first prop firm to offer such a low profit target requirement which is easily achievable which is just a total of 9% and significantly easier than other 3-phase challenges which forces traders to make over a total of 15% profit by passing all three phases.

Daily Drawdown and Max Drawdown

As the Profit Target is lower, Maven Trading has also made the 3-Step Challenge a bit challenging by only offering 2% as Daily Drawdown and 3% max Drawdown. Also the drawdown calculation of Daily Drawdown is based on Equity/Balance whichever is higher at the end of the day which means the drawdown will remain static for the whole day and moving on towards Max Drawdown, It is based on Static Drawdown which means the drawdown limit never changes in any condition even if you’re in profit or loss.

Affordable Prices

Just like the 1-Step and 2-Step challenges, Maven Trading has also kept their 3-Step challenge as affordable. Here is a complete view on the 3-Step Challenge,

Use code 'TRUSTED' to get 8% off!! CLICK HERE to purchase your next 3-Step Challenge. 

Perfect for Scalp Traders

This 3-Step Challenge is perfect for traders who use scalping strategies as there is a very small profit target of just 3% and very easy to reach but as we can see that drawdown limits are very low, it is better for smaller trades instead of taking swing entries but this is optional based on each trader. But there are 2 rules which a scalper will have to keep in mind which are -
Each trade will have to be held at least for 1 Minute and traders must not enter in more than one trade in this 1 minute.
Scalpers must not hold more than 50 trades in less than 60 seconds as it can be marked as excessive scalping and it comes under the gambling violation.

New Adjusted Prices :-

With the new 3-Step Challenge, Maven Trading has also adjusted their prices on their 1-Step and 2-Step Challenges. Which is also not a big deal breaker.

Note : These prices are for Match-Trader Platform. If a trader wants to trade on cTrader Platform, Traders can get it in just $20 extra.

Conclusion

Maven Trading’s new 3-Step Challenge is definitely going to catch a lot of traders attention and also their offering makes the whole 3-Step Challenge much more exciting as it offers lower profit targets with challenging drawdown in a very reasonable pricing.