Maven Trading is a renowned and one of the most trusted proprietary trading firm that provides traders the chance to scale their trading skills through funded accounts. Maven Trading offers two challenge programs to help traders reach their trading goals and manage up to $1 million in capital. Maven Trading is also one of the most affordable prop firm which challenge accounts which costs as low as $15 while also offering 80% profit split, excellent raw spreads and an accessible scaling plan.

Company Information

• Company Name: Maven Trading
• Company Legal Name: Mavsoftware LTD
• Company Registration No.: 15115632
• Operating Since: United Kingdom
• CEO Name: Chris Hunter

Challenge Details

Maven Trading offers two types of challenges: the One Phase Challenge and the Two Phase Challenge.

One Phase Challenge

Pricing:

• $2,000 Account: $15
• $5,000 Account: $19
• $10,000 Account: $38
• $20,000 Account: $76
• $50,000 Account: $190
• $100,000 Account: $379

Rules:

• Profit Target (Phase 1): 8%
• Total Loss: 5% (Trailing-based drawdown)
• Daily Loss: 3%
• Profit Share: 80%
• Leverage: Up to 75:1 for Forex
• Max Lot Size: Not specified
• Payout Frequency: 10 days
• Allows Copy Trading: No
• Min Trading Days: 0 Days

Two Phase Challenge

Pricing:

• $2,000 Account: $15
• $5,000 Account: $19
• $10,000 Account: $38
• $20,000 Account: $76
• $50,000 Account: $190
• $100,000 Account: $379

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 8% (Static-based drawdown)
• Daily Loss: 4%
• Profit Share: 80%
• Leverage: Up to 75:1 for Forex
• Max Lot Size: Not specified
• Payout Frequency: 10 days
• Allows Copy Trading: Yes
• Min Trading Days: 0 Days

Scaling Plan

Once a trader passes either challenge and become a funded trader, Maven Trading offers an attractive scaling plan. If the trader consistently achieve a 10% profit over four months (with at least one payout per month), their account balance will increase by 25%. This scaling plan can continue until the trader reaches up to $1 million in managed funds, providing a clear pathway for growth and success.

Spreads and News Trading Rules

Spreads:

Maven Trading provides traders raw competitive spreads.

News Trading Rules:

Maven trading does not allow traders to open or close trades two minutes before or after a major red folder news event/High Impact News Event. This is to ensure that traders are not solely relying on high volatility events for quick gains.

Other Important Rules

Daily Drawdown Calculation:

At Maven Trading, Daily Drawdown is calculated based on Balance or equity whichever is higher at the end of the day at 00:00 UTC. Meaning the drawdown limit will keep recalculating each day based on the account performance. The drawdown limit will increase or decrease based on the profit or loss.

Countries Banned from Purchasing:

Traders from anywhere around the world can purchase and take benefits or the service provided by Maven Trading.

Gambling Rules:

Maven Trading has few strict Gambling Rules. Here's how Maven Trading defines gambling and the specific scenarios that are prohibited:

Gambling is defined as:

• Excessive Scalping:
  Holding 50% or more of your trades for less than a minute.
• Martingale Strategy:
  Opening five positions simultaneously in a drawdown on the same pair.
• All-In Trading:
  Betting in one direction and holding the trade until you either pass or fail the challenge. This includes making a trade without proper risk management (e.g., no stop-loss or risking more than the drawdown limit), which results in either passing or failing the challenge with a single trade.

Prohibited Trading Strategies:

Maven Trading strictly forbids strategies such as :-

• High-Frequency Trading
• Toxic Trading Order Flow
• Long/Short arbitrage
• Reverse arbitrage
• Tick scalping
• Server execution
• Copying trade from another individual
• Reverse/Group Hedging
• Hedging

Payout Methods

Maven Trading offers 2 payout methods for withdrawing profits.

• Cryptocurrency
• Direct Bank Transfer

Trading Commissions

Trading Commissions offered by Maven Trading is as follows :-

• For Forex : $4 per lot round trip
• For Crypto, Indices and Commodities : $0 per lot round trip

IP Rule

Traders must use the same IP address throughout Phase 1, Phase 2, and the funded stage. If there is any change in the IP address or geographical location, traders will be contacted and asked for proof and reasoning of the change. Not providing the proof can lead to account termination.

Also Read:- How to get upto 15% Off on your next Maven Trading Challenge Purchase