Sorry you might see this review on a few threads but I feel ppl should be informed with my experience and knowledge when considering Maverick or MaverickFX so yes I’ll be posting this on forums that are more popular across the internet. Also sorry it’s long, but seriously if you’re about to pony up thousands you out to be informed.
This seems to be the average thread for MaverickFX. Maybe not exactly this thread, but Starts off by someone curious of joining them asking questions. Shortly thereafter they join or someone that just joined chimes in, Apparently at first it seems legit and doesn’t seem that bad. Meanwhile other posters are warning of a ripoff scam. Then someone that supposedly had great success comes in to verify MaverickFX is great and cleaned up their trading and now they’re making money. All the while the few that recently joined continue to talk about it, but you never hear of their success. They are presented with math problems of the splits, joining fees, desk fees by other posters. They defend this by saying well I’m in it for the training that’s got to be worth something, kind of like a guy that watched his stock fall from $56 to $8 they’re looking for any reason to justify their decision of why it could still work or is worth it. Then they just kind of disappear and fall off after 6 months to a year never following up with how it went with a real review. Ya cause they got ripped off and now feel salty as “F”. I’ve never seen anyone go from inquiry joining stage to coming back and saying “I made it”. Of course why would they come back maverick makes traders out of everybody so they say, and they were the small minority that failed. And trust me I read a lot of threads and never seen a happy ending.
How do I know because I joined MaverickFX and thought about joining Maverick initially. I did get a free week trial to Maverick and had the type of job and time were I watched upwards of 5 of their training videos a day. In fact when I joined MaverickFX I never got cancelled to the options training platform and got to see pretty much all the videos and training on both platforms. If you’re interested in the options side of Maverick read their book. I hate to send money their way but yes their book covers pretty much 80% of their options training, the setups, position sizing, sector analysis, and option strategies, it’s the whole system. It’s the only thing I can recommend about maverick without feeling guilty. Buy the book for $20 and save the $5000 plus joining fee and all the other fees is what I’m saying.
As far as the FX side their training is similar. In fact read their book too for the set ups they’re mostly the same. Instead of going long strong sectors and short weak sectors, You’re going long strong currencies and short weak currencies on the FX side. So you’re looking for the strongest currencies vs the weakest when your placing your trades. The time frame however is a 15M and 1H chart instead of the daily chart for the options traders.
Basically I won’t go into detail about their strategies as they’re all detailed in their book but they’re trend followers. If you already have 100k plus lying around and you’re too lazy to read books and research go ahead and pony up in that case the education might be worth it. But if you’re attracted to Maverick cause your account is too small their education too expensive for someone on a budget and isn’t that special as the strategies they trade are widely used and many places online will have laid them out for free or many books will have similar strategies. In fact another book very similar to their strategies is. Stan Weinstein’s book “secrets for profiting in bull and bear markets”. Except Stan was more of a weekly trader. I almost wonder if they found their strategies from this guy.
Well I can trade from their alerts you think and make money. Speaking from my MaverickFX experience, no you can’t. Often times their alerts get to you too late and and you’d be entering at a price were your risk reward is too far out. In fact I wondered if some of these alerts they sent out were BS cause it seemed to say they entered a trade at 8:11 pm but you’re not alerted til 8:39 or so like the currency moved 30 plus pips before you’re alerted, it’s like they wait til they know that the price won’t be retracing and being like look what we captured. Not only that they seem to forget to log some of their trades, oops and they’re always the losing trades they forget to log never the winning ones so their record is questionable.
Like I said I joined their FX side paid up and everything sure their videos and stuff are interesting but was it worth the money for an average Joe. No way. I would’ve been better off taking the training fee the risk deposit fee and plumping it into my own account and contributing what’s equivalent to the desk fees $200 month to increasing my account with my own capital. Surely if it’s going to cost about 4K to get into the FX division with joining fees and risk deposit. I’d put that in an account and add $200 a month while I’m learning and demo trading after a year I’d have $6400 in my own account not a large account but surely enough to begin trading with. Crap you’re starting with your own 2k at maverick and with 2k you’ll never profit enough to cover the desk fees and splits and if you can produce those kinds results I’d rather do that with $6400 over $2000 I’m sharing with someone else. Same with the options side since it would cost 11k to start, keep your money and add to it, You get the idea.
The guys at Maverick do seem down to earth and sincere. But I’m sure this is their marketing after all they’re trying to convince average down to earth ppl with dreams tired of their current career to come join. If you still wanna join go for it all and all it’s your decision but know the truth. Most of their traders on the FX side for sure wash out, and I think they count on that but why would it matter if new traders keep coming in at 2k a pop and a $200 month subscription. It’s the perfect business model for them but probably not you.