is maven prop firm legit?
Hi house Segun here, I would like you to help me on this one: is maven prop firm legit? I mean there's this prop firm craze going on today and I kind of need help on how to identify real from scam. My focus is on maven trading and they seem like a pretty good prop firm with good reviews on trust pilot and everything but I need to hear from other sources. Please give your input.
Maven Trading so far so good is not a scam and they are a legitimate registered company from what I know. However, they are not regulated by financial market authorities.
I say they are legit because they are a registered company and that grants them some form of legitimacy but they can decide to become a scam tomorrow because no capital/financial market authority is auditing them/regulating them.
This is the risk of prop firms in general (not just maven) there is no solid framework on ground to regulate them so they can choose to act unethically and get away with it.
Prop firms are generally unregulated entities so it is just like trading with an unregulated broker then asking if they are legit. They may be good today but they can close shop tomorrow and disappear.
Yes, maven prop firm seems okay and some traders in Nigeria have bought challenges from maven. But for me I still prefer to trade with my real money instead of using a prop firm.
Prop firm business is unregulated all over the world so there is no benchmark to measure which one is legit and which isn't. You just have to deal with these prop firms at your own risk, if they run away with your money, there's not much you can do.
Maven prop firm is legit based on experience. I have traded with them in the past and got payout from them. Then I bought a 10k 2 step account, passed phase 1 and 2 and made some withdrawals before I lost the account.
I am actually doing a review about them at the moment, follow these thread to know more
https://www.mytradingland.com/thread/maven-prop-firm-review-f426d0
Maven prop firm is legit based on experience. I have traded with them in the past and got payout from them. Then I bought a 10k 2 step account, passed phase 1 and 2 and made some withdrawals before I lost the account.
I am actually doing a review about them at the moment, follow these thread to know more
https://www.mytradingland.com/thread/maven-prop-firm-review-f426d0
Please tell, how long to get the payout and did they give you a payout certificate?
The payout didn’t take 24hrs. I also got a payout certificate.
It’s been long, I don’t think I have the certificate any longer
The payout didn’t take 24hrs. I also got a payout certificate.
It’s been long, I don’t think I have the certificate any longer
This is the image of the approved payout. I can’t find the certificate though
This is the image of the approved payout. I can’t find the certificate though
wow congrats man!
Hello @Headies thanks for sharing your experience with Maven but i want to know if they allow you hold trades overnight and if they allow you trade on weekends or during news release.
Hello @Headies thanks for sharing your experience with Maven but i want to know if they allow you hold trades overnight and if they allow you trade on weekends or during news release.
Always welcome. Maven allows me to hold trade overnight but I’m not so sure about weekends holding cos I don’t hold weekend trade myself. I actually doubt they do cos a lot of this firms don’t allow.
Hello @Headies thanks for sharing your experience with Maven but i want to know if they allow you hold trades overnight and if they allow you trade on weekends or during news release.
I just contacted maven support in respect to weekend holding of trade and they stated it’s not acceptable I.e they don’t allow weekend holding.
Maven prop firm is legit, I already had a payout with them in the past. You can scroll up on this thread and you will see the image.
Another good thing about this firm is their swift response from their customer support. I have an account with them and wanted some information regarding it , I sent a mail to their support and I got a response within 5mins. The answers was very helpful and straightforward.
From the image attached, the mail was sent 5:14am and I got a response by 5:17am. The response was polite and my question was answered.
