Maverick Trading Review
Maverick Trading is a proprietary trading firm who provide trader capital and education. You can get a funded account from $25,000 if you have a successful trading strategy and share 70-80% of profits with monthly payouts.
Founded in 1997, Maverick Trading is a premier proprietary trading firm with trading divisions in stocks/options and foreign currencies. Maverick Trading offers training, support, supervision, and capital to its traders and enjoys one of the highest trader retention rates in the industry. They are looking for prop traders who want to learn how to trade the markets from the comfort of their home.
About
The crew at Maverick Trading comes from a variety of backgrounds in the trading and investing industries and has a wealth of market knowledge. Their objective is to help Maverick’s traders generate the greatest earnings while minimising risk.
They frequently remark that the best aspect of Maverick is the fact that every employee actively trades the markets alongside their traders. They support proprietary traders with significant trading capital to optimise earnings because they are so confident in them and in the qualification process.
By providing risk management oversight, technology, and connection to other expert traders, Maverick Trading is committed to assisting traders in achieving the highest levels of success in the prop trading firm.
Maverick Trading offers access to professional traders through its funded trader program, risk management oversight, and technology access. In addition, the company offers capital access ranging from $25,000 up to $800,000. This allows you to learn how to trade and even finance yourself. The profit share of 80% is generous, although FTMO offer a 90% profit share as an alternative prop firm to consider.
Process
You can start a trading career with Maverick Trading using their capital by following a simple 4-step process which goes as follows:
- Apply to join if you feel they are a good fit for your trading career
- Complete the trading program and improve your skills
- Prove that you have a solid trading strategy and use sensible risk management
- Trade on a funded account and keep 70-80% of profits with monthly payouts
Every Maverick trader creates and adheres to a unique, thorough trading plan employing certain rule-based strategies and procedures. The entire qualifying process is intended to provide prop traders with a broad base of trading knowledge and position them for success on the real market.
Once traders pass a few tests, they gain access to firm capital, ranging from $25,000 initially to millions. Get more trading capital and larger profit splits by consistently making a profit.
The Maverick Qualification Program
Up to 5 live classes are offered as part of the qualification programme each week, ranging from the introductory Market Foundations session to the Advanced Options class. All of the instructors have extensive trading experience and instruct Maverick Trading. The main goal is to teach traders the appropriate capital allocation, risk management, and position sizing needed to be a successful trader. As they are aware that everyone has other obligations, they record all of the classes and make them available for viewing on the website. They have more than 300 pre-recorded videos available for “on demand” viewing.
Maverick Trading have a programme to ensure that each trader has a general understanding of the stock and options market because you will be trading with their money. Each trader will have to successfully complete a series of exams that will evaluate their knowledge of position sizing, risk management strategies, order entry, and profit objectives. The tests will be available to prospective traders in their system at any time, and they can take as many times as necessary to pass them.
Each trader must show that they are capable of putting the tactics they have studied in the Maverick Trading training programme into practise. The trader/coach allocated to each prospective trader will spend time analysing and monitoring their performance on a demo trading platform. A minimum number of winning trades, risk-to-reward ratios, capital allocation, minimal drawdowns, etc. will all be factors considered by management. Traders may be given permission to submit trades on other platforms or brokers where they are already trading.
Capital Sharing Program
The pay structure works well because it aligns the interests of the firm and its traders. You get to keep more money as your performance and skill level improve. The company then allocates more capital to your account as your experience increases.
Again, this is a win-win situation for both parties because the team will raise your trading limits if you show consistent gains, minimal drawdowns, and decreased volatility. Moreover, monthly payouts of all profits are made.
Partnering with Maverick Trading also has the advantage of not nickel and diming its traders. Some companies that offer similar services use “mark ups” on the commissions and advise their traders to trade as frequently as possible. Thus, they profit from the commissions received. Maverick Trading is different as their trading commissions are not subject to mark-ups.
There are no conflicts of interest at Maverick because they profit when you profit. Therefore, they have plenty of trading advantages to offer.
Risk Management
With traders who are accepted into the firm, risk deposits are necessary. Because they have a stake in the outcome, traders are prevented from acting hastily and irrationally. The risk deposit ranges from $5,000 and higher. This provides traders with “breathing room,” especially in light of the Capital Sharing Program’s maximum loss clauses.
To prevent traders from blowing out accounts right away, risk deposit and trader level will determine the maximum position size limitations. Throughout the trader’s time at the firm, Maverick keeps up organised encouragement and reinforcement of positive habits. Risk managers are always monitoring the trading accounts. This maintains traders’ alertness and encourages discipline.
Payouts
Maverick traders receive monthly profit distributions. A 75% profit split means that as one of their traders, if you made $10,000 in gains during a one-month period and were eligible for a payout, you would get $7,500. Instead, you could decide to keep all or a portion of your gains in your trading account. Maverick Trading pays its traders on a monthly basis via ACH directly to your bank account.
The Saturday after an option’s expiration, a trader’s profit will be credited. Monthly trading profits are determined from each option period. The 15th through the 22nd of every month falls inside this range. Profit distributions are done on the first of the month that follows the previous trading period. A trader on a 75% profit split, for instance, would get paid $7,500 on April 1st if they made $10,000 in gains during the March options session. All profits made by a trader can be kept in that account and more funds can be requested.
Capital Sharing
Based on each trader’s trading performance, profits maintained in their account, and size of risk deposit, increases in access to prop firm’s capital are given. The majority of traders are aware that more purchasing power increases prospective profits.
More than anything else, “consistency” is how you unlock this tremendous potential. Consistency along with negligible drawdowns and/or minimal account movements is what they are after. Some of their traders go the full year without suffering a lost month. The management must approve any level advancement.
Trading Strategies
High-probability trading tactics with rigorous risk and money management are the main focus of the “Maverick Way.” They don’t worry about the results of any particular deal since they are confident that, given enough time and favourable statistics, they will accumulate a lucrative batch of trades.
They allow traders to trade for the company because they have the best trading setups, risk-management plans, position-sizing guidelines, and exceptional training. Nonetheless, they must meet the three (3) conditions listed below before they are qualified to work as traders for the company.
Pass Quizzes
Show that you comprehend the “Maverick Method” trading principles that they teach. To confirm that prop traders have a thorough understanding of the fundamentals of the stock and options markets as well as Maverick Trading’s methods and procedures, each quiz in the series must be passed.
Trading Plan
The main cause of a firm failing is a weak or non-existent business strategy. All of the Maverick traders must create and submit a detailed trading strategy that covers all areas of trading, including entry points, position size, position management, capital management, and minimal monthly targets. This aids traders in treating their trading as a business and a career.
Produce Results
Each trader must present a trading statement from a major brokerage that demonstrates a minimum number of profitable trades over a sustained period of time. Management may decide to accept trading statements from a demo (practise) account. They want to be certain that traders can carry out the trading strategies they devise.
Cost
From novice to seasoned traders, Maverick Trading works with them all. Their recruiters will place each trader in a qualifying programme that has been specifically designed by your recruiter based on your degree of experience when you sign up for the programme.
The cost of the qualifying programme depends on your degree of trading expertise and experience, as well as on whether you want one-on-one coaching from an experienced trader or trainer. With current trading records and professional trading experience (at other trading businesses, banks, hedge funds, etc.), traders may be exempt from the qualification programme.
Brokers
Maverick Trading is partnered with Interactive Brokers, one of the top brokerage houses in the globe. As they don’t charge mark-up commissions, their traders pay the same rates as Maverick Trading. Currently, it costs $0.005 per share (half a penny) and $0.50 per side for an options contract ($1.00 round trip).
Maverick Trade Simulator
The numerous features of Maverick’s specialised trading simulator allow traders to sharpen their skills and adjust to market volatility under various circumstances. To avoid being impulsive or emotional, traders are advised to thoroughly plan out all trades with triggers, goals, and stops in advance.
Trading platforms provide risk reward ledgers so that users may track performance and identify management and strategy flaws. With the help of the simulator, traders can practise their flexibility and agility by running various scenarios under various market situations.
Traders can test their strategies in the Maverick simulator under a variety of market situations, from sideways markets to market crashes or corrections.
Trader Chatroom
Due to the remote nature of 90% of Maverick’s traders, the member chatroom is a rich source of trading alerts, ideas, and friendship. To ensure they fully comprehend the terminology and methodology necessary to take maximum advantage of the chatroom, every trader should go through the trading programme. Through the screens, a team environment and ideas are openly exchanged. It’s convenient to stay in touch with the staff members, who all engage in trading and cultivate new connections with other traders.
Instruments
A Maverick Trading Stock/Options Funded Account is designed for traders of all levels. It allows you to join the firm and trade with Maverick’s capital. After passing the initial tests, you will access money from $25,000 up to $800,000.
Education
According to Maverick Trading CEO Darren M. Fischer, traders frequently invest several months in training. For more than 250 hours, Maverick Trading provides its traders in the Stock/Options Division with thorough, organised training. A systematic coaching programme is also provided to each trader to aid them in understanding the content.
Without including remote traders, Maverick Trading has more than 100 years of trading experience. Their collective wisdom is compiled in this programme. It stands for what they consider to be the bare minimum that a trader has to know to be successful. This is applicable to both the Stock/Options Division and the FX Division, according to Darren.
Maverick Trading Book
Many of the company’s current traders have utilised the book, Maverick Trading: Professional Methods to Build Generational Wealth, which was well acclaimed when it was published, as a starting point to learn about the company, trading strategy, and risk management philosophies.
A critical decision is being made while deciding to become a professional trader. They suggest that you go through their book if you want to get to know them before actively applying to the firm. The book will give you a decent notion of whether prop trading is suited for you and whether Maverick Trading is the best prop firm for you. It contains roughly the first third of Maverick’s training programme.
Demo Account
The transactions made on the demo account are examined to see how closely the trader adhered to his trading strategy. Then, in addition to risk control and general coaching, Maverick Trading can offer suggestions to enhance the trading plan.
All of the coaches have been trading with Maverick for a number of years. The fact that all of their coaches are paid and have incentives to boost the success of Maverick Trading’s traders is also crucial.
| Maximum capital | $800,000 |
| Profit split | 80% |
| Scaling | Yes |
| News trading | – |
| Weekend trading | – |
| Automated trading | – |
| Free trial | No |
| Maximum leverage | 1:2 |
Overall, Maverick Trading is a top prop firm that puts extra emphasis on trader education, something which is often overlooked by competitors who are looking for already seasoned traders. Maverick offers its traders leverage, coaching, and support not found in other proprietary trading firms. Their goal is to create a long-term, mutually beneficial relationship with its traders.
Maverick Trading’s unique selling point is its unlimited earning potential. In addition, the firm will provide you with more capital as your performance improves. Capital sharing allows you to increase your leverage without taking on the risks.
Forex and options trading are the main focuses of Maverick Trading. For serious traders who want to make a living trading forex or options, Maverick Trading is worth consideration. They must be prepared to invest the necessary time in learning the material provided by the prop firm.
Maverick Trading provides thorough training, and top-tier accounts there can be as high as $800,000. You must start Maverick Trading with a substantial capitalization. Your investment will be a minimum of $12,000 for the options division and $6,000 for the FX division (membership fee + initial capital risk capital).
The company first interviews you before hiring you. Then they instruct you on Maverick Trading’s tactics and risk management procedures before testing your understanding of them. You must then prepare a trading plan and submit it for review.
Upon your acceptance, you must send $5,000 in risk capital, after which Maverick Trading will deposit an initial trading capital of $25,000 to $800,000 in your funded trading account. Following that, as your success rate climbs, Maverick Trading will offer you with more trading capital power.
Maverick Trading has a fantastic programme, but you must be dedicated to it. Next, you must decide if trading forex or options is the appropriate choice for you. If you’re interested in day trading stocks, Maverick Trading is not the best place to begin.
