Posted by Mark Levy Dec 8, Forex Trading Scams , Investment Scams , News Briefs , Scams in the United States. There is a wealth of suspicion and negative commentary on the internet regarding Maverick Trading and Maverick FX. Most importantly this article will answer concerns regarding if Maverick Trading is a scam or if they are a legit forex company.

The company stays off the radar by not actually offering any financial services. By not actually acting as a broker, or a financial institution they have done very well avoiding coming under scrutiny from the SEC. They claim that before getting funded as a prop trader, you need to get approved by going through an extended interview. This is a major part of their MLM scheme. Maverick Trading convinces unsuspecting clients that they will train them to become professional traders while requiring the client to pay exorbitant fees.

Maverick also places conditions on the accounts and trades of their clients that do not allow a client to ever successfully withdraw any profits.

This confirms that they are a scam. Maverick FX does not hold a regulatory certificate from any government body. They are not required to do so as the company only allows trading with company funds. What Maverick Trading did do when they first opened up shop is register their company with the SEC, however as can be seen on the government website.

Maverick Trading has not filed any forms with the SEC apart from their initial company registration in ! Is it a good program? We have not found and it will be hard to find that Maverick Trading is doing anything illegal. The purpose of this article is to help people from losing their money. There is no real value or justified product being offered by Maverick Trading. The goal of every forex scam is to present themselves as a company that is as legitimate on as many levels as possible.

This means that the salespeople and support agents are trained to speak the language and be knowledgeable of the industry similar to actual financial industry professionals. The training that forex scam sales people receive is meant to do just that. It gives them the basic understanding of markets and trading terms so that they can fool the unsuspecting victims into thinking that they are dealing with a professional.

This has been confirmed over and over online by Maverick Trading employees. Here are a few examples from Indeed. com and Glassdoor. Keep in mind there are LOADS of fake reviews and scheming employee reviews. This first example is very telling as it depicts a Forex scam to the extreme. No interest in actual service or professionalism, just Wolf of Wallstreet style quota. However they are no different than the likes of EuropeFX and Itrader. Like these Forex companies who have paid for endorsements with local sports teams to help promote their reliability and convey popularity, Maverick has sought partnerships and sponsors.

These red flags start popping when the acclaimed prop trader demands a fee for helping their traders prepare for the market.

Maverick Trading Company may maintain a corporate structure, with a known address, and verified social media accounts, but they are not who they claim to be. While they want everyone to believe that they are a prop trading company, their nature of operation goes against everything pop trading stands for, especially when it comes to demanding risk deposits and training fees. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.

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Home Investing Forex Trading. Maverick Trading Review: How Legit Is The Prop Trading Company? September 2, in Forex Trading. How does it work? Become a prop trader with Maverick Trading The Maverick Trading website assures traders of a pretty straightforward and registration process.

Merits and demerits of Prop trading with and Maverick While the maverick trading strategy has its fair share of advantages, it is also marred by serious allegations of lack of transparency. Here are its strengths and weaknesses: Strengths Quality trading education Maverick Trading Company adopts a comprehensive approach to training prospective traders. Trader support Maverick expert traders walk with the trader, holding their hand, throughout their training and live trading phases.

Demerits and reason you should be cautious with the trader Time-consuming On paper, Maverick trading company argues that it takes a full-time trader two months to master their platform and trading strategy.

Lack of transparency Maverick Trading is full of costly surprises. Verdict: Maverick Trading Company may maintain a corporate structure, with a known address, and verified social media accounts, but they are not who they claim to be.

Tweet Share Share. Previous Post Should I purchase a trading system or an expert advisor Next Post The Profitable Aspects of Automated Trading in Forex. Related Posts. TraderSeed is a broker that pays investors for the trading results achieved from the capital provided by them. See our Review HERE. BluFx is a Forex broker that pays investors for the trading results achieved from the capital provided by them. Maverick Trading is a broker that offers its clients trading access with zero investment from them.

The trading strategy used by Maverick is a scalping strategy. Audacity Capital is a broker that pays investors for the trading results achieved from the capital provided by them. Funded Academy is a prop firm that pays investors for the trading results achieved from the capital provided by them. The Academy is led by Celso Pitta, a Brazilian entrepreneur, and CEO of Investihuem, one of the largest investment platforms in Brazil. The Prop Trading is a real trading account that is designed to help traders build a track record and eventually move their accounts to well-known and larger brokers.

T4T Capital is a Prop Trading firm that offers its clients zero-cost trading with no strings attached. Forex Traders UK funds your forex strategy, providing a way to trade with zero investment cost. Alphachain is a broker that pays investors for the trading results achieved from the capital provided by them. The platform is designed to be easy to use, with a modern user experience and registration process.

Speedup Trader is a broker that pays investors for the trading results achieved from the capital provided by them. Enfoid is an online social trading network that allows anyone to participate in the financial markets. Enfoid is a platform for traders, who aim to trade safely and to earn a profit. Funded Traders funds your forex strategy, by giving them the necessary funds to reach their full potential. Traders are given the freedom to bring any successful day-trading strategies and apply them on their platform.

THE BEST FOREX PROP TRADING FIRMS BLOG Contact Us Menu. Best Forex Trading Firms

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? The company is one of the most popular in our top forex prop firms list , so it begs the question, is this the prop firm for you?

Maverick trading is without a doubt one of the most well known prop firms in the industry. They have been around for many years now and may even be the oldest retail forex funding option! 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 reviews are great, the coverage is great, it sounds like a great firm, right?

But is it the firm for you? You have to fill in various forms to apply for the funding being offered. 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. Maverick has been featured in Forbes , Fox Business , CNBC and RealClearMarkets. This is just a few of the media coverages they have obtained over the last few years. These include:. The company looks at consistency and risk profile more than anything and if you are managing risk efficiently you will be rewarded.

I really like this model and it gives traders the goal of actually becoming strong traders, rather than just percentage driven. The main thing that sets Maverick apart from the rest of the top prop firms is the process. 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!

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 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 Trader , for example, where you can pay for an instant funded account and have it within a few hours….

On Trustpilot , Maverick have a score of Excellent with 65 reviews and a score of 4. This is great to see and gives us no reason not to trust the funding being offered by the company! The volume of reviews is definitely lower than we would usually like to see when some competitors have over reviews, but I think this really comes down to how the process is and how it takes much longer to get funding through Maverick, rather than a company like DT4X so signups will typically be lower.

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.

Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders. As the forex prop firm industry has grown, so has the amount of prop firms offering funding for traders. With forex brokers reducing leverage and the industry getting more regulated, trading your Skip to content Maverick Trading.

FUNDING 8. PLATFORM CHOICES 8. EDUCATION OFFERED STRICT RULES 7. GET FUNDING NOW! Getting Funding From Maverick Trading Step 1 — Apply Step 2 — Complete Training Process Step 3 — Prove Your Trading Ability Step 4 — Get Funded Maverick Tradings Public Profile Maverick Trading Affiliations Maverick Trading Scaling Program What Makes Maverick Trading Different From Other Prop Firms?

The Drawbacks Of Maverick Trading Is Getting Funding From Maverick Trading Realistic? Maverick Trading Reviews — What Do Traders Think? In Conclusion — Is Maverick Trading Legit? Continue Reading.

cookielawinfo-checkbox-performance 11 months This cookie is set by GDPR Cookie Consent plugin. Start your application here! Here are its strengths and weaknesses: Strengths Quality trading education Maverick Trading Company adopts a comprehensive approach to training prospective traders. BluFx is a Forex broker that pays investors for the trading results achieved from the capital provided by them. This cookie is set by GDPR Cookie Consent plugin. Enfoid is a platform for traders, who aim to trade safely and to earn a profit.

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