MAVEN PROP FIRM REVIEW
Alright guys, i just purchased a 10k 2-step maven prop firm account. I will be trading this account to payout and give my review about the firm as I trade. Stay tuned.
Objectives Of the Account. (PHASE 1)
4% Daily Loss
Do not lose more than 4% in a single day. Based on end-of-day balance or equity (whichever is highest).
8% Max Loss
Do not exceed 8% total loss from your starting balance.
8% Profit Target
Achieve 8% profit without violating drawdown rules.
Minimum of three trading days with at least 0.5% profit for each day.
FIRST REVIEW
Maven prop firm account seems to be the cheapest in the prop firm industry. I got their 10k 2 step account for 44dollars. As a Nigerian, their platform was easy to navigate and was able to make payment through bank transfer. My payment was acknowledged the moment I was debited in my account. I commend the firm for this. I got my login details afterwards and i am set to begin trading.
As of now, i am currently one percent up on my phase 1 and no issues with the firm at the moment. The spreads are okay. I am focused on passing phase 1 and then move to the other phase.
Pls what trading platforms do they offer at Maven? When you made the $44 payment did you transfer the money to a Nigerian account or a foreign account? Also did you transfer using your dollar account ir your naira account?
Pls what trading platforms do they offer at Maven? When you made the $44 payment did you transfer the money to a Nigerian account or a foreign account? Also did you transfer using your dollar account ir your naira account?
Alright, they have Mt5 and match trader platform for trading.
The 44dollars was paid directly from my naira account. When it was time to make payment, Kora generated me a Nigeria bank account, sterling bank to be precise. I paid into the sterling bank account and that was all.
Sir, if you don't mind can we see what that match trader trading platform looks like (maybe a screenshot) and I am curious why most regular brokers dont offer it. But which one do you use to trade MT5 or Match Trader and why the preference for one over the other?
This is what the match trader on PC looks like. The one on mobile is exactly same with this.
Sir, if you don't mind can we see what that match trader trading platform looks like (maybe a screenshot) and I am curious why most regular brokers dont offer it. But which one do you use to trade MT5 or Match Trader and why the preference for one over the other?
I actually prefer trading using the Match trader. why? It helps me with easy calculation with my lot size value. All you have to do is input your entry value and stoploss value having in mind the amount you want to risk. The platform will show you how much you are risking when you input any value. If its not the amount you want to risk, you can just change the lot size value.
For my Maven prop firm account, i did a mistake by clicking MT5 when i was purchasing the account but i prefer Match trader.
MetaTrader is getting too outdated, I like the way Match Trader looks, the market sentiment guage is nice.
Objectives Of the Account. (PHASE 1)
4% Daily Loss
Do not lose more than 4% in a single day. Based on end-of-day balance or equity (whichever is highest).
8% Max Loss
Do not exceed 8% total loss from your starting balance.
8% Profit Target
Achieve 8% profit without violating drawdown rules.
Minimum of three trading days with at least 0.5% profit for each day.
8% total loss limit is wild! How do you guys cope trading with such stringent rules?
To be honest, 8% total drawdown is fair if you’re not an aggressive trader. Risking 0.5% on each trade gives you 16 trading opportunities before blowing the account. If you know what you’re doing, I don’t think it’s possible to take 16 losses at a time.
To be honest, 8% total drawdown is fair if you’re not an aggressive trader. Risking 0.5% on each trade gives you 16 trading opportunities before blowing the account. If you know what you’re doing, I don’t think it’s possible to take 16 losses at a time.
hello does Maven split profits and what ratio?