Maverick Trading

Has anyone heard of Maverick Trading, particularly the fx side and are they a scam?

thanks for your time,
RR

I have been trading with Maverick Trading since 1998. They are a good shop and have always treated me right. Their FX division is only about 2 years old and I have heard good things about it; but, I can't claim to have personal experience. I have been with their stock/options trading firm for a long time and don't plan on leaving anytime soon.

Good Luck

lol last activity 1hr 13 min. ago. member since 1 hr and 16 min ago.

1 post.


lawl

I'm also looking for any reviews of this company.

Zule, doesnt seem to be any reviews at all, and thats cause I think thier forex division is new. What I like is that you pay them a monthly fee for their education and trade calls but you open the account yourself with a firm owned by duetche bank! Now that makes me feel good. Id contact them by email and ask to speak to John, one of the principles. This way you can get every question answered. Im probably going to start up with them by end of June. Id like to get a blog going for those of us who are new and want to share experiences and ideas. I think you just need a 2k minimum to open the account and they open a demo account for you right off so you dont lose money. Sounds like a good deal. Id like to check out that duetche bank thing, though. John was honest and said it will take a good 18 months before you can quit your job and be making enough every week to be living well. Seems like a decent guy. Let me know what you find out. What I like is they only have about 6 setups so you dont get overwhelmed.

Marc

I am SO relieved to finally get a response from someone(and honestly, happy it is a positive one)

You are indeed correct, the FX side of the company is new. I found articles at http://www.newsguide.us/business/inv...ading-Results/
indicating that. I also found
http://www.newsguide.us/business/inv...ading-Results/

talking from 2009. Additionally, they have A+ rating with BBB and since it says they were registered with BBB in 2000 I think(or 99) I don't believe they have had complaints against them under another name and just switched names.

The guy you talked to must have been from the non FX side of the company. I talked to Drew and he was also quite up front and honest and NOT PUSHY which I really appreciated. Because I have very limited funds, he even offered a bit of a payment plan to get me going so I can start learning right away.

Regarding startup, it's 800 to start plus the first month of 200 due. That gets you trading and you get a demo account. Once you are approved to go live, you have to give 2k of your own money and it's off to the races. I'd be happy just making what they reference in the video, 2k @70% so keeping 1400 a month, that combined with my job would be enough to help me get ahead a bit in the world. Don't get me wrong though, I'd love to really really get up there and live off trading.

Anyway, I think the blog is a great idea. Feel free to PM me. If you cant do that let me know and we'll figure something else out.

zule,

I looked at the article you sent me. I saw it too. It kinda worries me a little. Why? All there are are penny stock advertisements all around the site. I dont think its a credible site at all for real news. Who ever heard of that site? And they didnt even post their results. Also, why do they only have 70 traders if they are around so many years? Makes no sense. I am also taking a look at this forex software co calledroacttraders.com or proacttrading. It gives you lots of free stuff and they have a special on their charts now for 77 a month. So im spending my time investigating them. they have a free room you can go to between 8:30am-9:30. As for maverick, im stil considering it very much. I thought it was like a total of $600 gets you rolling, not $800. I spoke to John and he is
one of the owners.

marc

800 plus the first month of 200, then 200 every month after that.

I actually sent out mass messages to friends of theirs on facebook to see if anyone had any opinions or experiences. I have gotten back 3 responses from people who are actually trading with them. They all had very good things to say and have no financial interest in me joining, so I believe they are legit. I talked on the phone to one guy and he explained how he started on the stocks side of things. I also got a message today from someone on the forex side. I've been in contact with Drew and he has sufficiently answered all my questions as well. I will be going in with them, hopefully by the end of the week.

I will be starting a blog to post my experiences so that something is out there on the net for others who might be searching.

iF ITS $300 a month, how much can the set up fee be? Anyway, let me know when you start your blog, Im very interested. They claim they average over 400 pips a month. I can live with that if I am working up to trading 3 standard lots. -)

Marc

200 a month. Setup is 800 plus the first month so 1k to start then 200 a month every month after that

blog is http://eioprofits.blogspot.com

Hey,

I just joined maverick fx trading in may. I joined primarily because they are inexpensive. The fx side is only 300 down and 200 a month. Other firms I looked at were 5000 up front and 1500 a month for a desk.
I was really worried maverick was a "scam" in the beginning, but I am a gambler and what's 500 bucks to find out for myself??...

So far, I am satisfied with the classes. Robb (post #2) actually runs about every webinar class. He is a good teacher. I'm finding the classes are a bit basic for me as I already went through 4 years of college studying finance. But, that only has made me think about doubling up and joining their equities and options trading program as well. That program is 600 or 800 down and 200 or 300 a month. They say that if you show profitability for 3 months and pass some tests that they will fund an account for you. I have yet to see if this is true. I do know there are other traders that have been funded... but I do not know how many unfunded "members" there are taking the classes.

They do have great trade alerts and their strategies are very good. They are high probability traders and make very few trades. They do not pitch any robot trading systems. The fx classes teach about 6 to 8 high probability trade setups.

One disadvantages is the communication. If you pay a lot of money at other prop firms you can actually sit next to other traders and bother them all day with questions. Maverick is not like that. They are all online and I have no means of communicating with other traders. I wish they would set up some type of chat system. Also they have typical problems with the website... sometimes the recorded classes files have issues and sometimes there are scheduling errors on the classes. But if you pay attention and attend the live classes there are no problems.

Overall, I am satisfied with their program so far. It's very good for someone with little money and NO trading experience or finance knowledge.

I am hearing from ivy league educated, experienced traders that these prop firms offering 80/20 splits can be scams. Highly educated beginning traders start as assistants getting a salary at JPM, MS, GS, etc... their splits are 50/50. But not everybody has a finance degree from Wharton.

If it does turn out to be a scam, I only paid 300 down and 200 x 3 for 3 months... only 900 loss. That is far less than paying 10,000 for something like SMB Capital or other shops.

I will update this as a get farther along in their program.

I am very interested in hearing from someone who is in the stock side of Maverick...

Thanks for the lengthy reply. It seems we are finally starting to get some experiences even though several of us have small post numbers.


You must have gotten a deal starting in May because I paid 500 down and am paying 300/month for 3 months to cover the 200 dollar/month fee plus the extra 300 I owe of the startup costs(total 800 to start)

My blog has more in depth opinions, but so far I like what I see. My goal is to be trading their money starting in early september. That will depend on if I'm able to come up with 2k to start. That is some very interesting information about them actually being willing to fund your initial 2k. I will have to contact them about that. I'd be willing to demo for say, 4 months, if I had that capability. Otherwise I have to work more hours at other jobs in order to come up with the 2k which takes away from the time I can be trading.

More opinions are always welcomed!

I just wanted to update that I contacted Maverick about funding the 2k and if they would work with me regarding having me demo longer or something of that nature and the answer is no. They don't do that anymore unfortunately :-( oh well, I guess it's 60hr weeks for me until I have the 2k ready

Subscribed for updates, I'm currently a college student but have been demoing fx accounts for a couple years with mixed results. I definitely want to follow a professional/successful trader to actually produce consistent profits.

I joined Maverick aprox. 1 mth. ago So far I am happy, Would love to interact/chat with other traders just starting out with them, if intersted please send me a message

Please do share your experiences so far, how is the training/mentorship? Have you improved your profitability since joining them?

So far it has been a very positive experience my demo account is in the green, the class's are very good, as far as them getting back in touch with my question's no problem, I am going do work very hard to make this work for me, I will send you my im. on yahoo

feel free to come over to my blog and post in the comments section as well. It is encouraging that you're in the green, because I haven't started out so well. Since there is no live chat, I'd like to maybe get a group together to chat on Skype or something like that. Hearing other opinions on trades, what to look for or not, would be very helpful.

The only thing I haven't been too happy with is response time on emails. Since there are what? 2 main trading guys, response time is lacking right now and I think one of them has been traveling or something. I really wish they would offer a live chat room for members even if the owners were not in there, it would help a lot. This is something I will ask Drew about.

for some reason i can not send you a email- my email is [email protected] also the same on yahoo messenget i will be back for london session, what part of the us are you in, my phone is 863-449-0179

I just found out about Maverick as well, and I am very interested in learning more and reading about the experiences of others on this board. I hope it is legit, as it would provide what I have been missing...a support system, accountability, and ultimately....access to capital. I'll be following the blog as well...