When it comes to the world of trading, finding the right platform can be a daunting task. One name that’s been making waves is Maverick Trading. In this comprehensive Maverick Trading review, we go over what this prop trading company has to offer and whether it’s the right choice for aspiring and experienced traders.
What Is Maverick Trading?
Maverick Trading emerges as a proactive and pioneering proprietary trading entity that has established its global footprint. Primarily centered around two pivotal trading arenas – Equity and Options Trading, with a pronounced focus on the latter, alongside Forex Trading via Maverick Currencies, Maverick Trading distinguishes itself as a sector trailblazer.
What elevates Maverick Trading above the rest is its allegiance to more than merely trading – they are devoted to enhancing traders’ knowledge and acumen. Functioning as guides and educators, Maverick Trading furnishes traders with unique trading tactics, cutting-edge software, and rigorously devised rules-driven approaches, all tailored to foster a steady and lucrative trading journey.
Maverick Trading Features
These are the several core features of Maverick Trading which offer a unique approach:
- Not a Brokerage: Maverick Trading is not a brokerage but a private equity firm. It trains and allows a team of professional traders to trade on behalf of the firm in its master account. They have partnered with industry giants to provide traders with the best trade execution and pricing without marking up trading commissions.
- Independent Contractor Model: Traders are not hired traditionally with benefits and salaries but operate as independent contractors (1099). Their compensation is directly linked to their profits as professional traders, offering virtually unlimited revenue potential.
- Forex Program: Tailor-made for forex enthusiasts, this program allows traders to use Maverick Trading’s capital and share the profits, creating a collaborative trading environment.
- Structured Video Training: Maverick Trading provides comprehensive training with over 250 hours of detailed video instructions, offering essential insights for profitability in both the Stocks/Options and Forex Divisions.
- Demo Account with Feedback: Maverick Trading closely monitors trades on a trader’s demo account and provides actionable feedback to improve the trading plan and risk management strategies.
- Personality Analysis and Trading Plan: New traders undergo a personality test, and Maverick Trading formulates a customized, detailed Trading Plan based on the results.
- Trade Simulator: Before engaging in live trading, traders use a trade simulator to refine their chart-reading skills in a risk-free environment, followed by submitting journaled trades in a demo account to simulate real-market trading without financial risks.
- Profit Disbursements: Monthly trading profits are calculated and credited on the Saturday after options expiration, with disbursements made on the 1st of the month. Maverick Trading offers profit-sharing arrangements, often in the range of 70-80% of profits. Traders can retain earnings in their trading account and apply for higher capital amounts.
- Additional Buying Power: Maverick allows traders to request extra buying power based on their trading performance, profits retained in their account, and the size of the risk deposit.
- Part-Time Trading: Maverick Trading welcomes part-time traders, with many part-timers becoming successful traders.
- Membership Fee Refund: While Maverick Trading charges a $4000 membership fee, they have a refund policy. Once a trader earns an amount equivalent to their membership fee, it is reimbursed, emphasizing Maverick’s commitment to lasting partnerships with dedicated traders.
- Maverick FX Fund: Managed by Maverick Trading, this hedge fund is open to individual traders and institutional investors, offering diversification and professional management.
- Options Program: Designed for options trading enthusiasts, this program enables traders to leverage Maverick Trading’s capital to participate in options trading and explore its profit potential.
Maverick Trading’s unique approach and flexibility make it an attractive option for aspiring traders.
Maverick Trading Pricing Model
This Maverick Trading review insight analysis unravels Maverick Trading’s different pricing models depending on the division you join:
FX Division: To join Maverick’s FX Division, you’ll initially pay a $4,000 lifetime membership fee and a $199 monthly desk fee starting from the second month. You’ll also need a $2,000 risk capital deposit for live trading. Your trading journey starts with a $4,000 account for the first two months, with the potential to advance based on performance. Losses beyond your risk capital are non-recourse, meaning you’re not personally liable. A performance bonus is activated when you reach $3,000 in profit splits with the firm. For ambitious traders, the top-tier account holds $300,000, allowing for positions up to $15 million. The firm also provides over 100 hours of FX training, coaching, and supervision.
As you can see, Maverick Trading aims to provide a structured path for traders, with various pricing options based on the division and the level of trading you want to pursue.
Maverick Trading Vs. Other Prop Firms
Maverick Trader distinguishes itself from other proprietary trading firms, such as Elite Trader Funding and Take Profit Trader Funding, through its unique approach to cultivating traders’ success. Maverick places a significant emphasis on trader education and development, ensuring that its traders are well-equipped with knowledge and skills to navigate the complex world of trading. Their commitment to risk management, extensive training programs, and mentorship opportunities set them apart. Additionally, Maverick Trader offers funded trading accounts, reducing the need for substantial personal capital and allowing traders to profit more efficiently.
Third-Party Ratings and Reviews
To evaluate Maverick Trading’s trustworthiness and customer satisfaction, we turn to Trustpilot, a well-respected platform hosting genuine consumer reviews and ratings. In Trustpilot, Maverick Trading has 4.7, and the reviews are below:
“Maverick is full of helpful people. They want you to do well and the fees are low compared to other trading shops. That said, nobody can teach you discipline….In my opinion, the appropriate time to begin live trading with Maverick is after you have grown your personal account by 12k using similar trading rules as they teach. Jumping in (with any firm) expecting any magic or shortcuts is a recipe for losses.”
“As an unexperienced trader with some skills, they took me in and coached me to be the best version of myself. Can’t recommend them enough. They understand just how difficult it is and really work WITH you to help reach your goals.”
Final Thoughts: Maverick Trading Review
In conclusion, Maverick Trading emerges as a prominent player in proprietary trading firms. Its rich history, commitment to trader education, and unwavering support for its traders set it apart. The company’s comprehensive programs, state-of-the-art resources, and nurturing community culture make it a compelling choice for traders of all levels. Maverick Trading, one of thebest options prop trading firms, provides a solid foundation for your journey. So, whether you’re a seasoned pro or a novice trader, it’s time to take the next step. Click here and embark on your path to financial independence and trading success. Your future in the trading world awaits.
