The TRUTH About Maven Funded Accounts - Watch Before Buying!

Summary

In this third episode of a prop firm review series, Sam, the founder of KB, offers an in-depth review of Mavenclaw Trading, a proprietary trading firm. He evaluates the firm based on account size, customer service, pricing, profit targets, drawdown limits, and reputation. Mavenclaw is praised for its favorable conditions, including a high account size of $500k and reasonable profit targets, alongside a responsive customer service team. The firm’s payout process is reliable, and its trading conditions are comparable to top competitors. Despite some challenges, Mavenclaw stands out as one of the most promising prop firms reviewed so far.

Takeaways

• 😀 Mavenclaw Trading offers up to $500,000 in maximum account size, providing ample capital for traders.
• 😀 Customer service at Mavenclaw Trading is strong, earning a 4 out of 5 rating due to live chat, a Discord server, and a support ticket system.
• 😀 The cost per $100 is 50 cents, which is competitive and affordable for traders looking to join the firm.
• 😀 Mavenclaw Trading’s challenge requires a 9% profit target followed by an additional 5%, totaling a 14% profit target for the two-phase challenge.
• 😀 The firm's challenge is considered reasonable but not the easiest to pass, especially compared to other firms like FX2 with fewer restrictions.
• 😀 Mavenclaw Trading has a solid reputation with a 4.6-star rating on Trustpilot and positive feedback from traders.
• 😀 The firm reliably processes payouts, with evidence provided through their Discord and the speaker's personal payout experience.
• 😀 Trading conditions at Mavenclaw are favorable, with no significant issues like excessive slippage or spreads, similar to firms like FX2.
• 😀 Mavenclaw Trading offers both a one-step and two-step challenge, with the two-step being slightly more advantageous due to higher risk-to-reward ratios.
• 😀 The firm does not have a trailing drawdown, which makes it easier for traders to navigate the challenges compared to firms that impose stricter rules.
• 😀 This review is objective and independent, with the speaker emphasizing that no affiliate partnerships or payments are involved in the review process.

Q & A

What is the main purpose of the video?

The main purpose of the video is to review the proprietary trading firm, Marvin Trading, and assess its features, performance, and reputation based on the reviewer's personal experience.

Who is the speaker in the video and what qualifications does he have?

The speaker is Sam, the owner and founder of KB, with significant experience in the financial markets. He has run multiple trading floors, lectured at universities, spoken on panels at financial expos, and personally trades with around one and a half million dollars in proprietary capital.

What is the reviewer's approach to evaluating prop firms?

The reviewer evaluates prop firms based on personal experience, ensuring objectivity. He trades with the firms, withdraws money, and does not accept payment or affiliate partnerships from the firms being reviewed.

What issue did the reviewer face with 'First Class Forex Funds'?

The reviewer experienced long payout delays from First Class Forex Funds, taking 5-8 weeks for a payout, which he found disappointing despite the firm being legitimate.

What factors does the reviewer assess when reviewing prop firms?

The reviewer evaluates several factors including customer service, price per $100, profitability potential, reputation, payout reliability, and trading conditions, ensuring a fair comparison across firms.

What is the maximum account size offered by Marvin Trading?

Marvin Trading offers a maximum account size of $500,000.

How does Marvin Trading perform in terms of customer service?

Marvin Trading has strong customer service, offering live chat and Discord support with fast response times. The reviewer rated it 4/5 for customer service.

What are the profit targets and risk conditions for Marvin Trading’s challenges?

Marvin Trading offers two challenge types: a one-phase challenge requiring a 9% profit and a 6% drawdown, and a two-phase challenge requiring a total of 14% profit with a 10% drawdown per phase. The two-phase challenge is seen as more advantageous due to higher drawdown limits.

How does Marvin Trading rank in terms of reputation?

Marvin Trading has a strong reputation, with a 4.6-star rating on Trustpilot based on over 200 reviews. The firm is also active on Discord, contributing to its positive reputation.

Does Marvin Trading have a payout system, and how reliable is it?

Yes, Marvin Trading does have a payout system. The reviewer confirmed successful payouts through his own withdrawals and verified them with screenshots. However, payouts may take several weeks to process.

What are the trading conditions like at Marvin Trading?

The trading conditions at Marvin Trading are generally good, with no excessive slippage or major spread issues reported by the reviewer. The firm uses reputable brokers like 8Cap, ensuring reliable trading conditions.