How do we use our leverage on Maven Prop trading?

Maven Prop Trading offer different leverages on different instruments: Forex -> 75:1 Commodities -> 20:1 Crypto -> 2:1 Indices -> 20:1

What broker does Maven Prop Trading use, and how much are the Spreads and commissions?

Maven Prop trading's third-party broker has the best spreads and fees for everyday traders, which is why you use them. On Major pairs, forex spreads are raw and very close to zero. The commission is $2 per lot, or $4 round. About crypto, stocks, commodities, and other things. Spreads are low, and there are 0 fees.

Does Maven Prop Trading let people scale?

Yes, of course, Maven Prop Trading grow your account in two ways: The trader needs to make 10% in 4 months, or 2.5% per month, in order to grow. Also, the trader has to handle at least one payment every month. After that, a 25% raise will be made to the trader's account. Up to $1,000,000 can be added to the function.

What's wrong with not being able to copy trade in Maven Prop trading?

People who want to join our team have to go through a tough challenge assessment to make sure they have the skills and knowledge to be great traders. Maven Prop Trading doesn't want to take the chance of having traders who haven't been allowed use the system or for multiple traders to use it at the same time. Your account will be cancelled if you break this rule.

What are the rules for Maven's trade style?

Using the Demo Trader's flaws, like High-Frequency Trading, Toxic Trading Order Flow, Long/Short arbitrage, reverse arbitrage, tick scalping, and server execution, to get ahead is cheating. Reverse/Group Hedging: Betting in one way on a single trade against another account. This is an attempt to reverse the trade of the other account so that you have a 100% chance of winning. Hedging: You can't only use a challenge or live account to hedge. A lot of bad EA hedge bots try to take advantage of demo trading, and we can't exactly copy your trades to a live server. If we see that your account is only used for hedging, we will ask you to show us the EA you used, if any. Gambling: You can't use gambling to get through a challenge phase. Maven says that gaming is: More than half of your trades should be held for less than one minute. Opening five positions in a deal that is losing money, including the entry position and the positions that come after it Putting money on one side and waiting to see if you pass or fail EA: If an EA doesn't break any of the rules above, they are welcome. There is a chance that we will ask for proof of your EA to make sure it is not harmful. It's not okay to use HFT, hedge zones, etc. Note: A trader's holding on a certain pair can be thought of as a "trade." "Trade" can mean one or more entries with the same times and lots. More than one entry on the same pair at the same time could decide a deal. It won't count as a trade if the lot size is very small. You have to do the task again if your account is flagged. If you do any of these things, your account will be closed.

Can i trade news in Maven Prop trading?

Sure, but... There are two minutes before and after a red folder news event when traders cannot open or close trades. This includes trades that were made before the news came out. Any test accounts that got through based on this way of dealing will fail our challenge. During the news event, you can still make trades. The same steps are used for live accounts when buying news. If the news trading rules affect a deal, profits will not be given back.

Can I Copy trade in Maven Prop Trading?

You can't trade like someone else; you have to trade your own method your way. You and your partner will be breached if caught, and the account will be closed, including any earnings. It is not possible to use a "pass your account" service or have someone trade for you. The person whose account was confirmed must do all the work; the buyer must be the one trading.

What rules does Maven Prop Trading have for IP addresses?

To prove you didn't get help from someone else, your IP address for your Phase 1, Phase 2, and live accounts must all come from the same area. When Maven sees that your IP address has changed, They will ask for proof and a reason for this. (Plane tickets, live location checking through another means, or any other method Maven sees fit could be used as proof.)

What is Maven Prop Firm's Buyback Feature?

With Maven's Buyback feature, you can get your money back in minutes and not have to face any more challenges. Just send us a support ticket and let us know if you went over the daily limit or drawdown. You'll have to pay 60% of the maximum amount that can be taken out of your account at once, like 60% of 5% per day.

Maven Trading Prop Firm Details and Reviews, Legit or Scam?

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Please note that the information provided on this page is for informational purposes only. Please verify the rules from the Prop Firms and do your own due diligence befoe engaging with any of the firms.

Details About Maven Trading

Legal Name: MAVEN TRADING GROUP LTD.

Company Number: BC1363148

Country of Registeration: CA

CEO: Chris Hunter

Support Mail: [email protected]

Phone: Not available

Payment Modes: Crypto, Credit/Debit Card

Withdrawal Methods: Crypto, Wire Transfer/ Bank Transfer

Website: https://maventrading.com

Banned Countries:

Challenge Details at Maven Trading

Types of Challenges: One Phase Challenge, Two Phase Challenge

Trading Platforms: MatchTrader, cTrader

Trading Instruments: Forex, Crypto, Indices, Commodities

Broker: MatchTrader

Max Allocation: $100,000

Scaling: $1,000,000

Trading Competitions: Does not organize Trading Competitions

Free Trials: Does not offer free Trials

About Maven Trading

Maven Trading, based in Canada, offers Two Challenges for aspiring traders. They provide access to popular trading platforms such as cTrader and MatchTrader. Maven currently accepts Crypto and Credit Cards as their payment methods, Withdrawals can be processed through Crypto, or Bank Transfer and they collaborate with the broker MatchTrader.

In both the One Phase and Two Phase Challenge at Maven Trading, traders have the opportunity to scale their performance. The daily drawdown regulations are set at 4% in Two phase challange and 3% in One Phase Challenge, Maximum Drawdown for the Two phase challenge is set to 8% which will be equity based but the One Phase challenge is set to 5% Max Drawdown which be trailing drawdown and not the initial balance. As traders increase their account balance, the drawdown limit scales accordingly. However, the maximum drawdown (based on the initial balance) remains consistent at -10%. To request scaling, traders must be profitable for an extended period and meet specific criteria. Once these conditions are met, traders can receive up to 25% more capital to trade, with no set cap on how much their account balance can grow.

Maven Trading does not permit High-Frequency Trading (HFT), but traders can use Expert Advisors (EAs) and engage in copy trading. They offer customer support through Discord and live chat. While Maven Trading does not provide free trials or free retries, traders from Russia are not eligible to participate. Additionally, they do not organize trading competitions.

Please note that the information provided is based on available data and may be subject to change.