Maverick Trading Review – The Best Prop Firm?

Maverick Trading
















Even with the huge leverage offered by forex brokers, growing an account to a reasonable size is a tricky feat and will take years of compounding profits even for consistent traders. The biggest problem traders think they face in the markets is simply not having enough capital to make consistent returns and trade for a living. This is where prop firms come into the equation, offering a huge amount of funding to retail forex traders. But with over 30 firms out there, which funding option is the best option for you?

In this article, we are taking a look at Maverick Trading, a well respected prop firm offering a huge amount of capital to experienced forex traders with a 70-80% profit split! The company is one of the most popular in our top forex prop firms listOpens in a new tab.

Who Is Maverick Trading?

Maverick tradingOpens in a new tab.

Maverick combines high quality training and simulation, with a prop firm to create a really strong process where you get trained, then you get funded. The profit split is between 70-80% depending on which level of trader you are, with capital scaling up to $300,000 and leverage to play with!

The reviews are great, the coverage is great, it sounds like a great firm, right? But is it the firm for you? Let’s find out more…

Getting Funding From Maverick Trading

When it comes to getting funding, it’s a fairly long process. Don’t let this dissuade you though, as you will be completely prepared for a funded account unlike most traders.

Step 1 – Apply

You have to fill in various forms to apply for the funding being offered. There is a cost associated with this too and you’ll get to see if you’ll be a good fit for this style of funding, or if anything firm is a better option for you.

Step 2 – Complete Training Process

Unlike competitors, in this stage you will have to complete a training program in order to set you up for the live markets and large capital. Some traders may find this stage annoying and time consuming but it’s genuinely so important for setting you up to succeed.

Step 3 – Prove Your Trading Ability

Now you have everything you need, it’s time to prove you can do it. You’ll have to create a trading plan, stick to it and show the team that you can manage risk effectively.

Step 4 – Get Funded

You will now have access to capital and a monthly withdrawal of 70-80% of the profits you make that month!

Maverick Tradings Public Profile

When it comes to media coverage, the majority of the industry leading prop firmsOpens in a new tab.

Maverick has been featured in ForbesOpens in a new tab.

Maverick Trading Affiliations

Not only is the company featured in a huge amount of media articles, they’re also partnered with a range of companies within the trading industry that have a great reputation. These include:

Maverick Trading Scaling Program

When looking at a potential funding option, it’s important to plan ahead and look at the scaling opportunities being offered by the firm. Maverick have a ‘capital sharing’ program, which is essentially just the scaling of accounts from a lower level of capital, around $10,000-$20,000, up to $150,000-$300,000.

Unlike some other firms, like DT4X TraderOpens in a new tab.

What Makes Maverick Trading Different From Other Prop Firms?

The main thing that sets Maverick apart from the rest of the top prop firmsOpens in a new tab.

Companies typically don’t offer much support or education as they expect that you can already profitably trade, if you are wanting funding.

However, Maverick insists on a training and development section before you’re even judged on your trading ability. This is certainly a great idea for traders and really sets them up to realistically trade a funded account. This is why the sign ups at the company are lower than the other firms, but the retention is much higher and the traders seem extremely satisfied with the trainers!

The Drawbacks Of Maverick Trading

There are a few drawbacks of Maverick compared to some of the other prop firms in the industry. However, the company is also said to have the highest trader retention so this may need to be taken with a pinch of salt.

The main drawback is the fact the process is long. You can’t just sign up, pay a small fee, then get a challenge account or just an instant funding account. You have to apply, then complete tests, training and simulators, then you have to prove you can trade a trading plan, then you can get funded.

This whole process is very lengthy and it definitely puts some traders off. Compared to DT4X TraderOpens in a new tab.

I really don’t think this is a bad way to do it and it certainly prepares traders for the realities of the forex markets but I can see why traders are put off by this long winded approach.

Is Getting Funding From Maverick Trading Realistic?

Maverick trading is one of the most realistic firms to get funding from because they actually make you do a training/qualification process before you’re allowed to touch live funds. Therefore, by the time you’re actually trying to obtain the funding you should already be completely up to speed with everything you would need to know about trading and how to manage risk in an optimal way.

Maverick Trading Reviews – What Do Traders Think?

If you’ve read any of our other popular prop firm reviews like MyForexFundsOpens in a new tab.

On TrustpilotOpens in a new tab.

In Conclusion – Is Maverick Trading Legit?

In short, Maverick Trading is a legit prop firm offering a great opportunity for traders looking to up skill and take on additional funding. The company is loved by many funded traders around the world but many traders are put off by the fact you cannot just access funding and start trading, you need to apply and go through the training process which is very time consuming.

If you’ve worked with Maverick I’d love to hear your feedback and experience below.

Kyle Townsend

Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.

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