Maven trading account types and drawdown has established a solid reputation in the prop trading sector. With a variety of funded account options and assessment models tailored to traders of all skill levels, Maven Trading has swiftly made a name for itself in the prop firm market. It appeals to both novice and experienced traders looking to leverage firm capital for forex and CFD trading because of its emphasis on accessibility, low pricing, and trader-friendly regulations. Maven Trading account types and drawdown, the nature of its difficulties, and its strategy for drawdown—one of the most important components of risk management in prop trading—are all examined in this article.
Maven Trading Overview
Established in 2022 and registered in the UK, Maven Trading collaborates with regulated brokers like Blueberry Markets and conducts business worldwide. By providing low entry charges, flexible account management, and a wide range of trading instruments (more than 400, including forex, indices, commodities, and cryptocurrencies), the firm aims to democratize access to trading capital. With its clear profit-sharing structure, free withdrawals, and compatibility with well-known trading platforms like MT4, MT5, Match-Trader, and cTrader, Maven Trading sets itself apart.
Maven Trading Account Types
The 1-Step Challenge and the 2-Step Challenge are the two primary challenge types that Maven Trading bases its fundraising initiatives around. Each is designed to accommodate varying capital needs, trading speeds, and risk profiles.
1. 1-Step Challenge
Who is it for?
Traders seeking a fast-track route to funded status, willing to accept stricter risk controls in exchange for a single-phase evaluation.
Characteristics:
- Single-phase evaluation: Pass one challenge to access a funded account.
- Account sizes: $2,000, $5,000, $10,000, $20,000, $50,000, $100,000, $200,000, and even up to $500,000 in some cases.
- Entry cost: Starts as low as $15 for a $2,000 account (Match-Trader), scaling up based on account size and platform.
- Usually, 8% of the initial balance is the profit goal.
- 6% of the initial amount is the maximum drawdown.
- 4% of the beginning value is deducted each day (daily drawdown).
- No time restriction: Traders are free to take as much time as necessary to finish the task.
- For Standard and Pro accounts, the trader receives 80% and 85% of the profit, respectively.
- Platforms: cTrader, Match-Trader, MT4, and MT5 are accessible.
- Additional features include the ability to trade news, use EAs, and hold on weekends.
2. 2-Step Challenge
Who is it for?
Traders who prefer a more gradual evaluation process with slightly more relaxed risk parameters.
Characteristics:
- Two-phase evaluation: Pass two consecutive challenges with set targets.
- Account sizes: $2,000, $5,000, $10,000, $25,000, $50,000, $100,000, $200,000, $500,000.
- Entry fee: Lower than the 1-Step challenge for the same account size.
- Profit goals are usually 5% in Phase 2 and 8% in Phase 1.
- 10% of the beginning balance is the maximum drawdown.
- Five percent of the initial sum is deducted each day (daily drawdown).
- No deadline: There is no pressure to finish within a certain amount of time.
- Standard and Pro accounts split profits at 80% and 85%, respectively.
- Platforms include cTrader, Match-Trader, MT4, and MT5.
- Additional features include news trading, weekend holding, and EAs.
3. Standard vs. Pro Accounts
Maven Trading offers both Standard and Pro account options for funded traders:
Feature: Profit Split
- Standard Account: 80%
- Pro Account: 85%
Feature: Minimum Account Size
- Standard Account: $2,000
- Pro Account: $2,000
The Feature: Maximum Account Size
- Standard Account: $200,000+
- Pro Account: $200,000+
Feature: Platforms
- Standard Account: MT4, MT5, etc.
- Pro Account: MT4, MT5, etc.
Feature: Withdrawal Fees
- Standard Account: $0
- Pro Account: $0
Pro accounts are typically available at higher price points and may offer additional perks, such as higher scaling limits or exclusive competitions.
Drawdown Rules at Maven Trading
The foundation of Maven Trading’s risk control system is drawdown management. To safeguard its money and the trader’s long-term prospects, the firm imposes stringent drawdown limitations.
Drawdown Types
- Maximum (Total) Drawdown: The entire permitted deduction from the initial balance. Account termination occurs if this limit is exceeded at any point.
- Daily Drawdown: Based on the starting balance for the day, this is the maximum loss allowed in a single trading day. Account closure is another consequence of exceeding this limit.
Drawdown Levels by Challenge Type
Account Type: 1-Step
- Max Drawdown: 6%
- Daily Drawdown: 4%
- Profit Target (Phase 1/2): 8%
- Time Limit: None
Account Type: 2-Step
- Max Drawdown: 10%
- Daily Drawdown: 5%
- Profit Target (Phase 1/2): 8% / 5%
- Time Limit: None
Example:
For a $10,000 1-Step Challenge account:
- Daily drawdown: $400 (4% of $10,000)
- Max drawdown: $600 (6% of $10,000)
- Profit target: $800 (8% of $10,000)
For a $10,000 2-Step Challenge account:
- Daily drawdown: $500 (5% of $10,000)
- Max drawdown: $1,000 (10% of $10,000)
- Profit targets: $800 (Phase 1), $500 (Phase 2)
Additional Drawdown Features
- No trailing drawdown: As an account expands, the drawdown restrictions remain constant.
- No time-based pressure: Traders are given an indefinite amount of time to recoup from losses or hit profit goals.
- Account reset option: If traders exceed drawdown restrictions, they can reset their challenge for a cost, enabling a new try without having to start from the beginning.
Growth and Scaling of Accounts
Maven Trading uses a scaling strategy to encourage steady profitability:
- Eligibility scaling: Over the course of four months, generate at least one payout each month and turn a 10% profit.
- Account merging: To make management simpler, traders might combine many funded accounts.
- Maximum simulated funded capital: Up to $200,000 initially, with possibility for additional scalability based on performance.
Other Key Features and Policies
- Entry-level affordability: Maven is one of the least expensive prop firms, offering challenges for as little as $15.
- Flexible payment options: Takes bank transfers, cryptocurrency, and credit/debit cards for both deposits and withdrawals.
- Zero-fee withdrawals: There are no payout costs, so traders keep all of their winnings.
- Various trading instruments: There are more than 400 instruments available, such as commodities, indices, currencies, and cryptocurrency.
- No limitations on trading style: all tactics are flexible because EAs, news trading, and weekend holding are permitted.
- No assurance of funds: To gain access to sponsored funds, the challenge must be completed.
- Leverage: Typically modest relative to some competitors, but sufficient for most trading techniques.
Advantages and Considerations
Advantages:
- Many account types and sizes are available to accommodate all traders.
- There are no time restrictions, so traders can go at their own speed.
- There are no withdrawal costs and large profit splits (80–85%).
- Support for a variety of trading methods and platforms.
- Flexible scaling possibilities and low entrance barriers.
Considerations:
- Some accounts have strict lot size restrictions.
- Compared to certain high-risk competitors, leverage might be lower.
- Larger capital commitments and scale necessitate consistent performance.
- There is no assurance of funding; challenge phase success is necessary.
Conclusion
By providing a wide range of account types, easily accessible challenge models, and strong drawdown restrictions, Maven Trading has established a solid reputation in the prop trading sector. The firm’s 1-Step and 2-Step Challenges accommodate a range of trader preferences, from those who want a more gradual evaluation process to those who are looking for a rapid route to funding. Maven Trading offers traders who want to establish a long-term trading profession a friendly atmosphere with defined drawdown limits, no time pressure, and significant profit splits.
Maven Trading account types and drawdown, along with the risk management procedures present an alluring option for both novice and seasoned traders seeking a low-cost entry or more cash and flexible trading circumstances. As always, traders should carefully review the specific requirements and rules of each account type to ensure they align with their trading strategy and risk tolerance.
Frequently Asked Questions
How do the 1-Step and 2-Step Challenges differ from one another?
- One-Step Challenge: Given a 5% trailing drawdown and a 3% daily drawdown, traders must hit an 8% profit target in a single phase. No time limit applies.
- The two-step challenge involves traders completing two phases with a daily drawdown restriction of 4%, a static maximum downside of 8%, and profit targets of 8% and 5%. This enables a more thorough assessment.
Are there deadlines for finishing the challenges?
- No, there are no time restrictions on Maven Trading’s challenges, so traders are free to advance at their own speed without feeling rushed.
What kind of profit share does Maven Trading offer?
- A minimum profit split of 80% is given to traders; potential increases are contingent on the type of account and performance. Payouts are processed every 10 business days.