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Maven Trading, based in Canada, offers a Two Phase Challenge for aspiring traders. They provide access to popular trading platforms such as MT4 and MT5 and accept various payment methods, including Skrill, Crypto, Paypal, and Cards. Withdrawals can be processed through Deel, Crypto, or Bank Transfer, and they collaborate with the broker Blueberry Markets.
In the Two Phase Challenge at Maven Trading, traders have the opportunity to scale their performance. The daily drawdown regulations are set at 5% off the current account balance, 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.
