This is another company that offers training, followed by supposedly providing some access to capital from an unspecified source for trading. The FPA advices carefully examining all the terms and performing background checks before signing up with such a company.
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I've trading a bit before and I have to say I wasn't all that good when I look back on it. lol The first thing Maverick did was force me to actually develop a system, back test it and then demo trade it. I just wanted to trade with their capital. lol Turns out I had a lot of work to do and they forced me to do the actual work to become a trader. Thank god. I can now honestly say I make money consistently as a trader.
I thought I knew a lot about fx trading but I was so surprised how much more i learned going through their process. They forced me to actually write and submit a trading plan. I can't believe I didn't do this in the first place. Looking forward to having a better foundation. I was funded last week as promised and so far so good.
When I joined I was a little skeptical but I figured to worst that could happen would be a loss of money which i've experienced plenty of in the markets. The first thing i learned from these guys is why I was losing my money which was worth the cost of everything. I refused to follow a system and traded on my whims and feelings. They force you to develop a trading system and trade that system. Before you can trade live they check your trading statements against your trading plan/system and make sure you are following it. This really helped me gain some much needed discipline and consistency
So glad to say i'm officially a professional trader. Employment contract in place, fully funded account and profitable 5 out of my first 6 months. Have already taken $23,000 in profit distributions. Maverick FX has been great for me and what I have needed all along was someone watching over my shoulder and telling me when i'm acting like a jackass. Just knowing the risk management team is watching is keeping me on track. Very happy
I can't tell you how many books and online courses I have taken in my life. These are the first people that talk trading in real life terms and what it takes to make it. Less focus on charts, indicators, etc. and more on me, my tendencies, my weanesses, etc. The fact they made me write a full trading plan before placing even a demo trade shows they understand the business and what it takes. Well done
Been with Maverick and their FX division for several years. Couldn't be happier and I agree with all the other reviewers that this is the best FX prop firm around and management is honest and has always followed through on their word. Having access to all of the other traders in the group and the live meetings during major news announcements is awesome. Watching management trading side by side by you is really great. Teamwork has definitely made my trading better. Well done
The People at Maverick are beyond a doubt the most honest and forthright Prop Traders I have found. I lost $10000 to one of the groups I was with and it was worth it. As a result I discovered Maverick FX. Their Program is well balanced and complete. Their attitudes and personalities are highly supportive and accommodating. I have been with them and tracking their progress for 2 plus years and we are always way ahead in the long run. Of course you always have losing trades but the winners exceed the loses many times. Having read several of the negative reviews I can't help but think that they are exaggerated or just plain lies. That is my take, and I can honestly say they have a winning program. Most everything else is just TV hype. If it's so easy why aren't all of us millionaires???
I traded with their FX division for a while. It is somewhat of a scam. You basically pay a lot of money for education, of which isn't that great. All basic stuff you can learn on your own. 800 startup fee + 200/month and the monthly fee can start to add up quickly. For that amount of money, you can get better education than what they offer. In addition, they don't offer anything when it comes to FX prop trading. You have to prove yourself on the demo, which is fine, but after you do so, you basically just plop down your own 2 grand, and you trade it the same way you would do if you were trading on your own, in your own retail account outside of Maverick, except that you give away part of your profits to them! You take all the risks, you have to properly manage your risk based off the 2 grand account, they don't offer additional capital or anything. From the Prop trading perspective it is a scam. If you talk to them about it, they will say they give you "leveraged capital", which is laughable because when you are trading off a 2K account to start off with, you don't need additional leverage assuming you are controlling your risk (percentage of your account per trade). Even if you aren't controlling your risk, you still don't need them---leverage in forex is accessible to anyone who can open a retail account.
Good shop. Always pays out on time. You still have a lot of work to do to develop your own personal trading system but their training is solid and splits are respectable.
Started trading with Maverick on their FX side in July 2010. Been pretty happy overall with everything. Training was great and the instructors were awesome. The only complaint I have is they switched from Metatrader 4 to IB's TWS which I haven't got used to yet as a trading platform. spreads are much tighter over there and there isn't as much slippage around major news announcements as we saw on MT4. Had to rewrite some of the EA's I had running and the API at Interactive Brokers is trickier to use.