Today I’m taking a look at a capital sharing program that gives traders access to over $100,000 to trade with, Maverick FX. The concept of this community is different than any other Forex product I’ve ever looked at. As is frequently the case with innovation, there are many comments on both sides of the fence. There are traders that believe this is a scam, and there are traders that claim it is working very well for them. I’ll do my best to analyze both sides, and give the Forex Robot Nation readers the ability to weigh in.
Maverick Management, LLC is located at 1910 East Fort Union Boulevard, Cottonwood Heights, UT 84121. For customer support, you can email firstname.lastname@example.org for more information.
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Maverick FX Review
To start, I’ll give you a breakdown of the service and let you know what Maverick FX is offering the Forex marketplace. Then, as the review progresses I’ll take a look at the community response and analyze the viability of this trading product.
The developers tell us that their system is tied directly to the success of their clients. With that being said, their mission is “to provide its community of traders with all of the best support, technology, training and service that they need to become the best traders possible.”
The main draw of this service, is that they offer traders firm capital access. They claim that their qualification program and application process is so effective that they are willing to give their traders access to large amounts of capital to trade with. This makes it so that the trader has limited risk, as they aren’t trading with their own funds. Then, they promise that the traders get to keep 70 to 80% of the profits they make trading with this money.
There are six levels FX Maverick traders can climb. Based on the trader’s performance, and past trading history management can approve a level increase which comes with access to even more capital.
- Associate Trader
An associate trader is the beginning point, for traders in levels 1 and 2. Associates can trade $10,000 – $20,000 in firm trading capital.
- Master Trader
Master traders receive $40,000 – $80,000 in levels 3 and 4.
- Elite Trader
This is levels 5 and 6, where traders get access to $150,000 – $300,000+ in trading capital.
The entire concept comes across as too good to be true. The developers of this project are essentially telling us that we can trade with their money, and take profits when we win. Yet this is very difficult for me to imagine as a viable business plan for Maverick FX. The fact is, that the average Forex trader loses money. Thus, it would be very difficult for this large capital they offer to be sustainable.
The Other Side Of The Coin
So, what does the trading community have to say about Maverick FX?
This is where the review gets a little more interesting. While this service is offered as a career and job opportunity with no risk, there are fees that need to be paid, to be involved. It may seem like you can sign up and start trading with their capital right away, but this isn’t what the community is experiencing.
You essentially have to pay for their training program and then they still have the ability to tell you that you did or did not make the cut. So you can essentially pay $200 a month during the training process and then never get access to the trading capital.
It’s very possible that effective Forex traders are having success with this service, but that doesn’t mean it’s for the average person. Maverick does a fair bit of advertising their service on craigslist, but it’s my opinion that this is not the way to recruit talented traders. So, while this service may work very well for talented traders, they are also looking to make money off as many people as they possibly can.
I can’t say that the Maverick FX service is a scam, because they are offering a service, but it’s difficult for me to give a full recommendation. Traders have to pay monthly for the course, and then trade their own money until they are profitable, the whole time hoping that they will gain access to the trading capital. This does not seem like an easy process, or something that the average trader can achieve.
Please let me know what you think about this service, and whether or not you believe that it’s a worthwhile endeavor.