Maverick Trading Review – Things to Know Before Using this Platform

In trading, one thing you cannot overlook is the platform you settle for. With so many to choose from, it’s easy to get disoriented and suddenly forget what you actually want from your trading experience. Many companies promise you the world, but when you start using them, they don’t deliver.

Maverick Trading is one of the many online trading businesses. The company is private, and it offers education, capital sharing, and funding for people who like to trade. Whether you came across Maverick and you’re questioning its offers or you’re trying to find out as much as you can about different trading platforms, you came to the right place. This Maverick Trading review will tell you everything you need to know.

About

Maverick is a trading firm that was established back in 1997 and it has headquarters in Utah, with Darren M. Fischer as the CEO. It is a private equity trading company and a great option for individuals who want to improve their skills in this industry. It shares some similarities with TopStep Trader when it comes to qualifying for a funded account. When you apply to the platform, you will have to go through a training program, after which you can qualify for funding. After the completion of this program, you will have to make a risk deposit, and in order to increase the buying power, Maverick will add some extra capital to it.

What’s important to note is that this is one of the oldest platforms of its kind. Besides funding, it also offers education, which can help improve one’s trading skills. On this platform, traders can profit off down or up markets, which can be very beneficial. The retention rate is over 90%, and for the most part, traders stay for three years. Back in 2018, the website was redesigned, and it now allows new free videos as well.

Maverick Trading is great for those who want to become profitable and gain more experience. There are two major divisions with Maverick: Forex Trading and Stocks & Options Trading. Also, it allows traders from all over the world to join, giving them the chance to become successful.

Features

Maverick Trading has a series of useful features. Here are the most important things you should know about it.

Application Process

In order to join the Maverick community, you will have to go through an application process. You must apply in order to join the company, and the recruiters will analyze your situation before approval. Your history and experience will be evaluated, so they can figure out how risky you are and whether you are the right type of trader they can take under their wing or not. The company will only accept about 3% or 4% of the people who apply, so you need to meet certain criteria if you truly want to become a trader on their platform.

In order to join the program, you may have to pay a fee as well, and fees can be about $6,000. Then, you’ll have to go through a qualification program, which is much easier for experienced traders. But while an experienced trader will go through the steps much faster, you shouldn’t rush – you should go through everything carefully. It may take between two and six months to finish the process, and it all depends on each trader. During the qualification and training program, you also have to take several tests that help prepare you for your future as a trader.

After the qualification program, you will start the capital sharing program, during which a risk deposit will have to be made. Maverick will add some capital to it, and the risk managers will take a look at every trading account to see how things are going.

Once you get accepted into the firm, you’ll have to make a risk deposit that will then prevent you from being impulsive with your trades. In general, the minimum amount is expected to be around $5,000.

Support

You need support while you’re trading, especially if you are new to the platform. Fortunately, Maverick has a well-established team that is more than willing to help you out. Their support has various experienced traders that know the program and how each process unfolds. Whenever you have a question or an issue, you can contact them and they’ll be there to help you out. Even better, their attitude is encouraging and can make you even more willing to be trading with Maverick.

Trading Alerts Chatroom

To help you during your trades, there is a member chatroom that might come in handy at one point. Most traders are working remotely, so you can use the chatroom for ideas or alerts.

What makes this so amazing is the fact that every trader is going through the Maverick program in order to learn more about trading and become more experienced. It can help you understand the methodology and every other feature much easier. So, once you have learned the program, you can use your knowledge in the chatroom. Also, it allows you to stay in contact with members of the staff and make trader friends who can help you out.

Trade Simulator

There is a trading simulator offered by Maverick, one that you’ll be more than happy to use. It’s important to understand the market volatility and other features that will help you in your trades later. Basically, with the simulator, you’ll have the opportunity to plan all your trades. You can use targets, triggers, and stops to make sure your trades are going well. It can prevent you from doing something impulsive or trade while you’re in an emotional state.

You can also use different market conditions through the simulator, which will help you get used to a variety of situations. As such, you can first test your strategy in different scenarios before you apply it to real trades.

On top of that, you will be able to keep track of your performance and find potential flaws in your strategies, fix them and improve your success chances for the future. This is all thanks to the risk-reward ledgers.

Costs

You’ll have to deal with different costs when you’re being recruited by Maverick. You will first have to pay a $3,000 membership fee, and you start with a $199 per month fee from the second month. When you are ready to go live, you will have to make a $2,000 Risk Capital deposit. Then, you’ll receive a $4,000 account for the first two months, which will help make sure you know how to manage risk. If you are able to trade that successfully, you will instantly receive a $10,000 account.

Afterward, you will go through Level Advancement, which is not that different from the Maverick Trading Options Division. It will require consistent trading over the high-water mark that applied previously, and trading will be necessary for two months.

Summary

Maverick Trading can be pretty amazing if you want to learn more about trading and become a successful trader in the future. The only drawback is that not all applicants are accepted, so you need to be serious about it and prove your skills if you wish to be selected.