What is a Maven Trading Mini Challenge?
MAVEN TRADING OPERATES A SIMULATED TRADING ENVIRONMENT THAT REPLICATES CERTAIN REGULATED FINANCIAL MARKETS BUT DOES NOT INVOLVE TRANSACTIONS IN OR SERVICES CONCERNING REGULATED FINANCIAL INSTRUMENTS.
MAVEN TRADING DOES NOT SUPPLY ANY REGULATED FINANCIAL SERVICES. MAVEN TRADING IS NOT REGULATED OR AUTHORIZED BY ANY FINANCIAL SERVICES REGULATOR IN ANY JURISDICTION.
What is a Maven Mini: The Fast-Track to Instant Funding
A Maven Trading Mini challenge, affectionately dubbed “Maven Mini,” is the younger sibling of instant funding. It’s a one-day sprint designed for traders to hit a profit goal on a funded account. Once you have met that goal, you get paid within 24 hours after requesting your payout.
How is it like Instant Funding?
Much like traditional instant funding models, a Maven Mini allows you to skip past the evaluation phases typical of prop firm challenges. The key is that you need to meet a minimum withdrawal requirement before requesting a payout, much like instant, it is a faster way to reach your prop firm payout. What sets Maven Minis apart is the focus on speed and simplicity. Meet the goal, request your payout, and see the funds hit your account fast.
How it works
Let’s break down the key features of a Maven Mini prop firm account and how it works.
- 3% Minimum Withdrawal: To unlock a payout, your account must achieve a 3% profit. For example, on a $10,000 funded account, you’ll need to grow it to $10,300 to qualify for a withdrawal. It’s a clear, achievable target for disciplined traders.
- Instant Payout in 24 Hours: Once you hit that 3% mark, request your payout, and Maven Trading processes it within 24 hours of approval.
- One-Time Payout per Account: Maven Minis are a one-and-done deal. After you request and receive your payout, the account is closed.
- 20% Consistency Rule (Intraday): Your trading consistency is key. Maven calculates this using the formula: (Your largest winning trade / Total profit) × 100%. Your consistency score must stay within 20% to ensure you’re not relying on a single lucky trade. You can track this metric directly on your Maven dashboard.
- One Trade at a Time: To keep things focused, you’re limited to one open trade at any given moment.
- 3% Trailing Drawdown: Your account has a 3% trailing drawdown, meaning your losses are capped relative to your account’s highest ever value.
- 2% Static Daily Drawdown: Resets at 00:00 UTC.
- 1% Max Running Drawdown: On a single trade, you must keep your losses under 1%.
Consistency Formula Example
If your largest winning trade is $100 and your total profit is $500 you would calculate as follows: ($100 / $500) × 100% = 20%.
Who are Maven Minis For
Maven Minis are made for consistent traders who thrive under pressure and crave quick results. If you’re a trader with a knack for disciplined risk management, this Mini prop firm account may suit your goals. It’s perfect for those who:
- Want instant funding, with a twist.
- Are looking for a fast prop firm payout to capitalize on their trading skills.
- Excel in short, intense trading sessions, and can hit a 3% target in a single day.
- Appreciate the simplicity of a one-time payout with no long-term commitments.
Whether you’re a seasoned trader or a rising star, Maven Minis offer a low-barrier, high-reward opportunity to showcase your skills and walk away with an instant payout.
Why Choose a Maven Trading Mini Challenge?
Overall, the Maven Trading Mini Challenge stands out for its innovation and speed. Unlike traditional prop firm challenges that drag on for weeks, Maven Minis deliver instant funding and a clear path to a prop firm payout in just 24 hours. For traders who want to test their skills in a fast-paced environment, Maven Minis are a game-changer.
Ready to take on a mini challenge? Head to our account selection and choose the right size and platform that meets your trading needs, or check out Maven Trading’s FAQs for more details.
PLEASE SEE THE MAVEN TRADING WEBSITE AND OUR CUSTOMER TERMS AND CONDITIONS FOR MORE DETAIL.
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