You must reach 3% minimum withdrawal in order to request a payout. If you have a $10,000 account, this account must reach $10,300 in order to reach a payout. 

You will be required to do KYC when you request a payout. 

At no point can your account have more than a 1% loss in floating PnL. This is the difference between your balance and equity, if this happens then your account will be breached. For example if you have a $10,000 account, and your account level at any point goes beneath $9,900 then your account will be breached.

Your max loss limit is trailing from your high watermark. This means if you get your account up to $10,350, if at any point your account goes beneath ($10,350 – $310.5) = $10039.50, then your account will be breached. 

The daily loss limit is 2%, meaning whatever is highest out of your equity/balance at 00:00 UTC, you cannot let your equity go beneath this level. For example, if you have a $10,000 account and you get it to $10,200 at 00:00 UTC. 2% of $10,200 is $204. Therefore; $10,200 – $204 = $9996, if your equity goes beneath $9996 you will lose the account. 

A consistency score is a measure of how consistent your trading is. You can only withdraw from your instant account when your consistency score is 20% or below. This is calculated by (your biggest winning day / total profit) * 100%. If your consistency score is above 20% then you have to keep on trading in order to get that number below 20%.

Example: ($5,000 account)

Day 1: +$600

Day 2: +$450

Day 3: +$500

Day 4: +$700

Day 5: +$800

Total Profit = $3,050

Biggest Trading Day = Day5 ($800).

$800 / $3,050 = 26.2%. This is greater than 20%, the user has to keep on trading until they reach a consistency score of 20%. This could look like this:

Day 6: +$400

Day 7: +$500

Day 8: +$500

Total profit = $4,450

Biggest trading day = $800

$800 / $4450 = 18%. This is less than 20%, therefore the user could withdraw $4,450 and after profit split will receive $3,560. 

This gives direct access to a funded account, meaning you don’t have to spend time doing challenges. You have to keep a certain consistency score at all times during the challenge in order to be eligible for a payout. 

Provide accurate information: 

Ensure personal details match your government-issued ID. Inaccurate details or missing documents may result in KYC failure. 

NOTE: You can only use one email for one person throughout your Maven journey. The card you use must be your card, the use of someone else’s card will result in a breach when you come to do KYC.

When purchasing multiple accounts please ensure you use the same email. If you use another email you will not make it through the KYC process.

Use official documents: 

Submit valid government-issued ID (e.g., Passport, Driver’s License, Residence Permit, ID Card). 

Nigerian traders (Optional): 

Provide us a selfie and your NIN number (that’s it!)

ID authenticity:

Using someone else’s ID or being an underage trader will result in automatic KYC rejection. 

NOTE: You cannot change your personal information once you have placed a trade in your challenge account or during the KYC process. To see the documents accepted by Veriff, click the link: https://www.veriff.com/supported-countries

You must use your own credit card that matches your name in order to proceed through Maven. If you use someone else’s card, you will not be able to get a funded account after the KYC phase.

You can request a withdrawal every 10 business days after your first trade. A full refund will be issued on the third withdrawal.

Our Buyback feature lets you get back on a funded account in minutes without taking any more challenges. Simply open a support ticket to request a buyback.

The cost of a buyback is:

• $2,000 Account = $200
• $5,000 Account = $400
• $10,000 Account = $750
• $20,000 Account = $1,400
• $50,000 Account = $3,500
• $100,000 Account = $6,000

Our challenges have no time restrictions; you can pass in as little or as much time as you need!

You can scale your account up to $1,000,000 in capital.

In order to scale, the trader must profit 10% over the course of 4 months (2.5% per month). The trader is also required to process at least 1 payout per month. Afterwards the trader’s account will be rewarded with a 25% increase.

Simplify your portfolio management by merging your funded accounts. Just email us at [email protected] to get started.

Forex: 75:1

Commodities: 20:1

Digital ETF’s: 2:1

Indices: 20:1

We have a huge variety of instruments you can trade. Including all majors in FX, commodities, indices and digital ETF’s.

Here is a list of all our instruments that are available to trade:

Commodities

ALUMINIUM | BRENT | COCOA | COFFEE | COPPER | CORN | COTTON | NGAS | SOYBEAN | SUGAR | WHEAT | WTI | XAGUSD | XAUUSD | XPDUSD | ZINC | XPTUSD

Digital ETF’s

BTCEUR | BTCUSD | ETHBTC | ETHUSD

FX

AUDCAD | AUDCHF | AUDJPY | AUDNZD | AUDUSD | CADCHF | CADJPY | CHFJPY | EURAUD | EURCAD | EURCHF | EURGBP | EURJPY | EURNOK | EURNZD | EURPLN | EURSEK | EURTRY | EURUSD | GBPAUD | GBPCAD | GBPCHF | GBPJPY | GBPNZD | GBPUSD | NZDCAD | NZDCHF | NZDJPY | NZDUSD | USDCAD | USDCHF | USDENH | USDHKD | USDJPY | USDMXN | USDPLN | USDSEK | USDSGD | USDTRY | USDZAR 

Indices

AUS200 | CHNIND | EU50 | FRA40 | GER30 | HKIND | ITA40 | JAP225 | SPA35 | SUI20 | UK100 | US100 | US2000 | US30 | US500

Commission

$2 USD commission per way ($4 USD round trip). 

Note: If the pair is not in USD, it will auto convert to USD. 

Digital ETF’s, Indices, and Commodities have $0 commissions!

Spreads

Spreads will vary with market conditions. 

Swap

We have ZERO swap fees across all accounts.

You can withdraw funds via Digital Currencies, Direct Bank Transfer, or through Rise. 

We offer direct bank transfer dependent on your country of residence. If you are from South Africa, Nigeria, Kenya, or Ghana you can receive your payout through Direct Bank Transfer or Digital Currencies. Payments via Rise incur a $20 withdrawal fee.

If you are from one of the beneath countries you can only receive your payout through Rise or Digital Currencies.

United Kingdom Ireland Spain France Albania American Samoa Andorra Anguilla Antigua & Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia & Herzegovina Botswana Bouvet Island Brazil British Virgin Islands Brunei Bulgaria Cameroon Canada Cape Verde Caribbean Netherlands Cayman Islands Chad Chagos Archipelago Chile China mainland Christmas Island Cocos (Keeling) Islands Colombia Comoros Cook Islands Costa Rica Croatia Curaçao Cyprus Czechia Denmark Djibouti Dominica Dominican Republic Ecuador El Salvador Equatorial Guinea Estonia Ethiopia Falkland Islands Faroe Islands Fiji Finland French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Heard & McDonald Islands Honduras Hong Kong Hungary Iceland India Indonesia Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kiribati Kosovo Kuwait Kyrgyzstan Latvia Lesotho Liberia Liechtenstein Lithuania Luxembourg Macao Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Nigeria Niue Norfolk Island North Macedonia Northern Mariana Islands Norway Oman Palau Papua New Guinea Pakistan Paraguay Peru Philippines Pitcairn Islands Poland Portugal Puerto Rico Qatar Romania Rwanda Réunion Samoa San Marino Saudi Arabia Senegal Serbia Seychelles Singapore Sint Maarten Slovakia Slovenia So. Georgia & So. Sandwich Islands Solomon Islands South Africa South Korea Sri Lanka St. Barthelemy St. Helena St. Kitts & Nevis St. Lucia St. Martin St. Pierre & Miquelon St. Vincent & the Grenadines Suriname Svalbard & Jan Mayen Sweden Switzerland Sao Tome & Principe Taiwan Tajikistan Tanzania Thailand Timor-Leste Togo Tokelau Tonga Turkmenistan Turks & Caicos Islands Tuvalu Turkey US Outlying Islands US Virgin Islands Ukraine United Arab Emirates United States Uruguay Uzbekistan Vatican City Vietnam Wallis & Futuna Western Sahara Zambia 

The profit split is 80% across instant, one step, two step and three step.

You can have up to $200,000 in starting capital on funded, but you are entitled to scale the accounts to $1M (refer to scaling program).

Overflow

To ensure a prompt and efficient payout service to all our traders, we implement an overflow feature which works as follows:

You are entitled to a maximum withdrawal of $10,000 per two withdrawal cycles (per trader). If you profit more than $10,000, you will be given the maximum of $10,000. As you scale your account, the max withdrawal scales proportionally. If you are trading on multiple accounts, your accounts will treated as the same account. With the time between withdrawals being calculated with respect to the first account. The withdrawal cycle will be based on the account with the first withdrawal. 

Example: If you have a $100,000 account and you profit $8,000 first withdrawal and $6,000 second withdrawal You will be eligible to withdraw a total of $10,000. Your next two withdrawal cycles you will be eligible to withdraw $10,000 total. Your account balance will reset back to $100,000 after both withdrawal cycles. 

Profit Exceeding $5,000

If your total profit exceeds $5,000, your best trading day (day counted between two singular trades, with not 24h between closing trade 1 and opening trade 2) or singular trade (a singular trade can be made up of multiple trades entered at the same time) may not exceed 50% of your profit in the funded stage payout cycle. If you do exceed the 50%, the profits made will be contracted to the 50% mark. 

After exceeding $5,000 in payouts, you must participate in a risk interview with one of our analysts. We understand that life happens, so we allow you the flexibility to cancel your scheduled interview once. However, you must attend the rescheduled interview. If you fail to attend and participate in your interview, your payout will not be processed. You have two weeks from receiving the invitation to book and attend the interview. Interviews of traders with less than $5,000 in profit may be conducted randomly or at Maven’s discretion.

Example: Lets say you have a $100,000 account, in day 1 you make $5,000, day 2 you make $3,000. Your total balance is now $108,000. Your total withdraw before split will be $6,000. You also have the choice to continue trading to ensure none of your trading days are more than 50% of your total profits. If on one trade you make $10,000. If you choose to withdraw the amount you withdraw before split will be $5,000.

Max Lifetime Withdrawals?

After having profits of $100,000 (over the course of all challenges), you have successfully graduated from the Maven program, every time you scale an account, the max withdraw scales along with it. 

Yes, we absolutely do!

In order to scale, the trader must profit 10% over the course of 4 months (2.5% per month). The trader is also required to process at least 1 payout per month. Afterwards, the trader’s account will be rewarded with a 25% increase.

The function is repeatable, up to $1,000,000. The max withdrawal cap scales alongside with the scaling plan. The max withdrawal does not scale along.

Once you’ve passed the assessment, our team will review your account, which takes 1-3 days. Upon approval, you’ll receive a KYC (Know Your Customer) email through our provider, Veriff, to verify your identity. 

For this process, you will have to send a government-issued ID and also take a selfie so we know who we do business with and comply with AML regulations.

Three Step Challenge:

Phase1: 3%

Phase2: 3%

Phase3: 3%

Two Step Challenge

Phase 1: 8%

Phase 2: 5%

One Step Challenge

Overall profit target: 8%

Static: The drawdown doesn’t change.

Equity Based: The drawdown resets based on equity or balance (whichever is highest) at 00:00 UTC.

Example: You have a $1000 account, you open a trade and leave it running overnight. Your equity at 00:00 UTC is $1100, but your balance is $1000. Your max daily drawdown will be 4% of $1100 ($44), your account will breach the daily drawdown if you go beneath $1,056 on that day. 

Balance Based: The drawdown resets based on the Balance at the daily rollover.

Example: You have a $1000 account, you open a trade and leave it running overnight. Your equity is $1,100, but your balance is $1,000. Your max daily drawdown will be 4% of $1,000 ($40).

Trailing: The drawdown moves automatically with the highest equity point in your account.

If you start with $1,000 in equity and your trailing max drawdown is 3%, your starting trailing max drawdown is $30. If you gain $100 in equity your new highest equity point is $1,100 and your new trailing max drawdown is 3% of $1,100 which is $33. So if your account goes below $1,067 that would be a breach.

Two Step Challenge:

Max Drawdown: 8% (Static)

Daily Drawdown: 4% (Based on the higher of your equity/balance at 00:00 UTC)

One Step Challenge:

Max Drawdown: 5% (trailing off your highest watermark of equity)

Daily Drawdown: 3% (based on the higher of your equity/balance at 00:00 UTC)

Three Step Challenge

Max Drawdown: 3% (Static)

Daily Drawdown: 2% (based on the higher of your equity/balance at 00:00 UTC)

Note: If your challenge or funded account hits any of the drawdown limits then your account will be breached

Once you’ve read our trading rules, head to our account setup and pick the best size, steps, and plan.

You can pay with a credit card or digital currencies (click “NowPayments” in checkout). When paying with digit, copy the value shown in the chosen coin, not the USD value.

Your IP address for your Phase 1, Phase 2, and live account must match the same geographical region to verify you didn’t receive outside assistance. 

If we see that your IP address has changed, we will ask for proof and reasoning of why this has occurred. (Proof may involve plane tickets, live location checking through another medium, or another approach that Maven sees fit.)

All account holders must adhere to the terms in the Terms & Conditions signed when purchasing a challenge. All customers are responsible for paying taxes applicable to their place of residence.

Cheating: Using The Demo Trader inefficiencies such as High-Frequency Trading, Toxic Trading Order Flow, Long/Short arbitrage, reverse arbitrage, tick scalping, and server execution. You cannot copy trade from another individual, if found, both users will be breached.

Reverse/Group Hedging: Using your account to bet in one direction on a singular trade against another account, as this is an attempt at reversing the trade of another account for a 100% chance of winning. 

Hedging: You cannot exclusively hedge through a challenge or live account. Numerous malicious EA hedging bots aim to exploit the demo-trading environment, and we cannot accurately copy your trading onto a live server. If we see your account is exclusively hedging, we will ask you to provide the EA you have used (if applicable).

EA: EAs are not permitted under any circumstances across Match Trader and C-Trader.

Note: A ‘trade’ can be determined as a position held by the trader on a specific pair. ‘Trade’ may be one or multiple entries with similar timings and lot sizes. A trade could be determined by multiple entries on the same pair at the same time. Trades with vastly smaller lot sizes will NOT count as a trade. If your account is flagged, you must rerun the challenge.

Your account will be terminated if you perform any of these actions.

We have ONE trading style rule:

Gambling: You cannot gamble your way through a challenge phase, Maven defines gambling as:

1. Excessive Scalping: Holding 50% or more of your trades for less than a minute.
2. Martingale: Having five positions opened simultaneously in drawdown, on the same pair
   
3. All in: Betting in one direction and holding until you pass or fail. This is defined as making one trade with no risk management (not having a stop-loss in place or risking more than the drawdown limit), which would either pass or fail the challenge. 
   

Examples:

Excessive Scalping:

The Trader is trying to execute trades rapidly, the trader takes a total of 50 trades, 26 of which have been executed in under a 60s hold time. This means a total of more than 50% of trades have been executed in under a 60s hold time and contributes to excessive scalping.

Martingale: 

The trader identifies several promising long opportunities in the EUR/USD pair and decides to open positions: Long EUR/USD at 1.2000. Long EUR/USD at 1.1980. Long EUR/USD at 1.1950. Long EUR/USD at 1.1975. However, the trader fails to monitor their positions closely and overlooks the existing limit of five positions in drawdown. In a moment of excitement, they open another long position without considering the rule. Long EUR/USD at 1.1995. With five long positions now opened in drawdown, The trader has breached the rule.

All in: 

A trader opens a one lot position on EUR/USD, they do not put in a SL and the trade runs all the way to passing the challenge in one go. This trade had two outcomes, either passing the challenge or failing the challenge, this does not show trading ability and the trader will not be processed to the funded stage. The trader enters a EURUSD on their two step challenge, they put the SL at 6% of the balance, if this hits SL this will fail the challenge. The trader would not advance to the funded stage. Layering positions on the same pair and direction within close intervals without setting a stop loss or layering positions exceeding the drawdown limit.

EA’s / bots

EA’s / bots  are not permitted during any phase.

Note: A ‘trade’ can be determined as a position held by the trader on a specific pair. ‘Trade’ may be one or multiple entries with similar timings and lot sizes. A trade could be determined by multiple entries on the same pair at the same time. Trades with vastly smaller lot sizes will NOT count as a trade. If you are found to be gambling, you will not be advanced to the funded stage and offered to retry the challenge. 

Yes, but…

Traders cannot open or close trades 2 minutes either side of a red folder news event release. The two-minute window includes trades hitting TP, profit target and pending orders. This includes trades that have been opened prior to the news event and trades, that hit our profit target during the time window. Any evaluation accounts passed based on this style of trading, will not pass our challenge. 

We have an auto-close feature where your trades are automatically closed when your target profit has been met. If your trades are closed during a news event, whether or not a take profit is set, it will be considered a violation of our 2-minute before and 2-minute after news trading time restriction. Traders who pass based on trades executed during these restricted times will not pass the challenge.

Live Accounts

Live accounts follow the same news trading procedures. Any profits generated from a news trading event will not be credited during the challenge phase or live phase in the allocated time window. News trading for instant funding does not apply. 

What is considered Red Folder news?

Any Red Folder news events on ForexFactory are deemed part of the news restriction period. 

Different Red Folder news impacts the rules for the pairs you might be trading. If the Red Folder News aligns with one of the pairs below, that will be implemented in our news trading procedures:

Affected Instruments:

Macroeconomic Announcements  

ALL INSTRUMENTS; 

CPI; FOMC Statement; FOMC Meeting Non-Farm Employment Change;

XAUUSD | XAUUSD | XAGUSD | XAGUSD 

All USD high impact news; All AUD high impact news;  All CAD high impact news; All currency  – Interest Rate decision + Press Conference all currency – CPI all currency – GDP Growth Rate all currency – CORE PCE USD (related to Forex, Commodities & US indices, US30, US100 US500). 

USD 

High impact news Unemployment Rate; Non-Farm Payrolls and Employment PMI; ISM; CPI; PPI; GDP Federal Funds Rates and Statements + Press conference; FOMC Balance of Trade Jobless Claims; Consumer Confidence/Sentiment; JOLTs Job Openings; Average Hourly Earnings; 10Y Note Auction; 30Y Bond Auction; Existing and New Home Sales; Durable Goods Orders; Speeches; Empire State Manufacturing Index; Retail Sales Core PCE 

EUR 

(FOREX Only, EU Indices) PMI; CPI; GDP Employment Change; Unemployment Rate; Retail Sales; Balance of Trade; ECB Rates and Statements + Press conference; Deposit Facility Rate; Economic Sentiment Index; Business Climate Consumer Confidence Speeches;

GBP 

(FOREX Only) PMI; CPI; GDP Nationwide House Prices Mortgage Approvals; Retail Sales; Retail Price Index; Housing Price Balance; BoE Rates and Statements + Press conference; Trade Balances Industrial and Manufacturing Production; Unemployment Rates; Employment Change Claimant Count; Change Consumer Confidence Speeches

CAD 

(FOREX, Oil) BoC Rates and Statements + Press conference; PMI; CPI; GDP International Merchandise Trade; Wholesale Sales Housing Starts Balance of Trade Employment Change; Unemployment Rate Retail Sales Speeches;

AUD

(FOREX Only) Cash Rate & RBA Statement + Press conference Employment Change/Unemployment Rate; CPI; GDP Retail Sales Speeches;

NZD 

(FOREX Only) Official Cash Rate & RBNZ Rate Statement + Press conference; Employment Change/Unemployment Rate; CPI; GDP Speeches;

CHF 

(FOREX Only)  CPI; GDP; SNB Policy Rate + Press conference Speeches;

JPY 

(FOREX, Asian Indices) PMI; CPI; GDP Monetary Base Leading Economic Index Japan to Sell Bonds; Industrial Production Merchandise Trade; Balance BoJ Rates and Statements + Press conference; Retail Trade Consumer Confidence Balance of Trade Speeches  

USOIL.PRO/RAW | UKOIL.PRO/RAW | ALL CAD HIGH IMPACT NEWS 

Crude Oil Inventories