Brief History of the Prop Firm mavin trading propfirm
Since its inception, maven trading propfirm has distinguished itself in the trading community by providing innovative solutions for traders seeking to enter the markets with funded accounts. With a vision to democratize trading opportunities, Maven Trading propfirm has gained recognition for its flexible evaluation challenges and supportive trading environment.
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Various Account Sizes of the Mavin trading Prop Firm
Maven Trading propfirm offers a range of funded account sizes, catering to both novice and experienced traders. The Mavin trading account sizes available range from $2,000 to $100,000, allowing traders to choose a level that best suits their trading style and risk appetite. The costs associated with these accounts vary depending on the Mavin propfirm challenge type selected. For instance, a $2,000 account may have a challenge fee as low as $13, which is refundable, while a $100,000 account incurs a fee of $549 for a Mavin trading propfirm instant challenge. This tiered approach not only makes trading accessible but also ensures that traders can scale their operations as they grow.
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Different Types of Challenges on the maven trading Prop Firm
Maven Trading propfirm features several evaluation challenges, designed to accommodate a variety of trading preferences and skill levels. These include:
- Instant Challenge: Ideal for traders looking to bypass lengthy evaluation periods, allowing immediate access to funds after payment.
- One-Step Challenge: A straightforward assessment that tests traders on key metrics with a single step to passing.
- Two-Step and Three-Step Challenges: More comprehensive evaluations that provide traders with multiple opportunities to demonstrate their trading capabilities.
One notable challenge offered by the maven trading propfirm is the Maven Mini Challenge, which requires a minimum profit of 3% for withdrawal. This challenge is unique as it provides instant payouts within 24 hours, although it closes the account after the first payout.
The Mini Challenge also enforces a 20% consistency rule based on the largest winning trade relative to total profit, as well as a limit of one open trade at a time.
A Brief Summary of the Terms and Conditions of the Prop Firm
Maven Trading’s terms and conditions are designed to promote responsible trading and ensure a fair environment for all participants. Key aspects include:
- Profit Target & Drawdown: Standard challenges typically require a profit target of 3%, with a 3% trailing drawdown and a 2% static daily drawdown.
- Payout Schedule: Payouts are processed every 10 business days, featuring an “overflow” withdrawal option that limits maximum withdrawals to $10,000 every two cycles.
- Weekend Trading & News: Traders are allowed to trade over the weekend without incurring swap fees. However, profits generated during high-impact news events are not recognized for challenge completion, and repeated violations can result in account termination.
- Platforms & Support: The firm supports trading on platforms like cTrader and Match-Trader, alongside providing 24/7 customer support to assist traders at any time.
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