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Maverick FX: Review Exposing Maverick Trader As A Ruthless Scam

Maverick FX: Review Exposing Maverick Trader As A Ruthless Scam

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Maverick FX or Maverick Trading is yet another Forex investment ‘company’ with claims that they will train, support and even fund your trading account for ‘free’ if you join them.

In fact, Maverick FX appeals to investors with little to no capital because they claim that they will fund your account with $800,000 and that you will take profits of between 70-80% every month from your trading activities.

Truth is, there is no ‘firm capital’ here since Maverick FX is just dishing out lies to attract investors.

It has also come to our attention that Maverick FX is currently funding a series of ”help wanted” ads on the internet, and they are mostly targeting people in the United States. They masquerade as a prop trading job opportunity when, in the real sense, no job is being offered.

If you are naive or new to Forex trading, they will tease you and probably suck you into an expensive Forex education program where you will incur never-ending monthly fees in the name of training.

Another thing that Maverick FX is not telling you is that all trading capital will be provided by the job seeker as opposed to the prop firm.

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Maverick FX simply fits the description of a modern-day work at home scam. And to make matters worse, this program targets people in a huge geographical area. It is run and managed by highly skilled salesmen where there is clearly nothing to benefit from at the end of the tunnel.

Maverick FX: what you should know about them

So what exactly is Maverick FX or Maverick Trading? The answer is simple: they are a ‘prop firm’ that purport to recruit individuals with the intention of training and supporting them with capital to trade the Forex markets.

maverick scam

The website states that the company is based in Salt Lake City, Utah. While this is the purported ‘official address’ for the said company, we are not considering it a physical address since Maverick trading is just an internet-based company with no real physical offices.

The stated location is just a credibility showpiece. You don’t use a mail drop location to claim that a company exists in that area.

Now, basically this ‘company’ is looking to train and fund new traders. However, at the core of this ‘opportunity’ is a Forex education program that costs a whooping $6,000 per student.

You have to complete this training for you to qualify for the ‘fully-funded’ Forex account. In other words, you have to dish out an upfront investment of $6,000 for you to get the ‘job’.

Unfortunately, there is no fully-funded account at the end of the tunnel

When we started this review, we mentioned that Maverick FX was not actually providing fully-funded trading accounts to anyone. In fact, they will never do this.

So this is what actually happens when someone is foolish enough to ignore our recommended Forex products …. they pay them an upfront fee (which is $6,000). Once the person settles that fee, they will be made to jump through a few hoops here and there.

The moment they finish with the jumping, Maverick FX will send them a congratulatory message claiming that they’ve ‘passed’ the test and are ready to start.

However, more shock is still awaiting them because for this person to become a full Maverick Trader, they have to throw in an extra $5,000.

Because most people are unwilling to abandon ship halfway (since they risk losing the initial $6,000), they make a decision to add Maverick FX another $5,000 which the ‘company’ will use to open a Forex account on their behalf.

So, if you actually make profits while trading this account, Maverick FX will take anywhere between 20-30% of the profit. You get to keep 70-80% of your profit.

But what happens when you lose? Well, you get to keep 100% of your losses since Maverick FX doesn’t share in your losses at all 😛 😛 .

To add insult to the injury, you must foot the bills by maintaining a monthly fee of $199 just to remain a member of Maverick Trading society. I hope you see how things are going by now. .

So, why are you paying this monthly fee after every 30 days? Well, the answer is simple… you are paying it to meet other traders twice a week and it’s through an online meeting. Don’t think someone will give you an air ticket here.

And what do you achieve from attending these meetings? Well, apparently, these meetings help with brainstorming and learning from the experience of other traders using the platform.

At this point, I think it’s worth reminding you that this website does not provide any trading capital to anyone.

Maverick FX: A money-minting scam

This phony website also runs a stocks trading program besides their prop trading opportunity which they call Maverick FX.

With this other ‘opportunity’, you will pay an upfront fee of $1500 in addition to the $199 monthly fee. Once again, you will be subjected to the same jumping. In a few days, you will receive a congratulatory message informing you that you are now an insider.

The website claims that traders should expect a minimum of $25,000 to $800,000 from them. But this is just a lie because the money you’re using to trade is your own money, not Maverick Trader’s money.

This is a very clever tactic anyway. It’s just how they do business and fleece unsuspecting investors.

So, how do they find people to scam?

The trick is simple…. just run hundreds if not thousands of ‘help wanted ads’ on the internet.

This is how they market the scam to citizens of the United States. They make use of several job advertisement websites to propagate this lie. We actually took a screenshot below for one of the career website where they literally put up hundreds of ads for the same ‘job’.

Now, these ads are quite entertaining and well-positioned for people who are looking for jobs in the financial sector.

maverick fx scam

The ads look like real job listings on the surface although deep inside, things are not as they look on the outside.

Now, the supposed income that every Maverick Trader earns is quite ridiculous. They claim in these ads that their traders make between 80-160k annually. Of course these are make-believe stuff. No one can prove that this is true.

Another ridiculous claim is that a now ”full-time employee” of Maverick Trader used to work at Goldman Sachs before he quit his job to work for Maverick FX instead. Really? I cannot hold my laughter 😀 😀 😀 .This is pure comedy and a shit-show of financial fraud.

Complaints about Maverick Trader

It’s fairly easy to know what people are thinking about this website. As soon as people saw that Maverick FX was selling something that was too good to be true, they decided to seek our opinion on the same.

It didn’t take us long to review the site together with ridiculous offers which it sells to the members of the public.

Guess what, we contacted the owner of the site, spoke to him and asked the hard questions. As always, it reached a point when our questions were ignored.

Our Best advice for you

Always be on the look out and never throw your money in the trash can. Maverick FX is a trash can in this case, and we can promise you that anyone who puts his money here will surely lose all of it. Now, if you are tired of scams in this industry, just make your work easier and sign up to any of the products you’re seeing on this list. You can thank us later for having made your work easier.

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6 Replies to “Maverick FX: Review Exposing Maverick Trader As A Ruthless Scam”

  1. $800,000 wow i am impressed with the review. I have no idea how big money is in flow with the time. I recommend this article to everyone who would like to learn more. Thank you for your share.

  2. Darren Fischer here. I’m the CEO of Maverick Trading, which includes Maverick FX. There is quite a bit of inaccurate information in your review. We believe in being transparent and want people to be educated and informed when coming on board Maverick. Please contact me directly and I will be happy to answer any questions you have, clear up some of your statements, and grant you access to both our Stock/Options Division and our FX Division. Thanks.

  3. I started filling out an application and soon decided to see if my hunch was right. Even if their own pitch the deceit is soooo obvious ….lol

  4. We must also bare in mind the fact that at least half of the monthly fee’s cover the costs of using the best software out there (tradebench, tradeview, IB, a tutor, signals and a***ysts etc) seems pretty fair to me.

  5. Darren Fischer says:
    March 11, 2019 at 3:36 pm
    Darren Fischer here. I’m the CEO of Maverick Trading, which includes Maverick FX. There is quite a bit of inaccurate information in your review. We believe in being transparent and want people to be educated and informed when coming on board Maverick. Please contact me directly and I will be happy to answer any questions you have, clear up some of your statements, and grant you access to both our Stock/Options Division and our FX Division. Thanks.
    Did anyone contact Darren Fischer to see what he had to say. If yes, please let us know.

  6. I found this so completely biased and inaccurate, that I felt compelled to leave a comment.

    No, I don’t work for them or trade for them, but have done my own due diligence on them as I’m currently looking for a prop firm to join. I don’t trade FX, but options instead, and I’ve been bouncing between Maverick Trading and SMB Capital. There aren’t too many prop firms that fund you to trade options.

    Inaccuracies,
    1. Capital requirements for FX and options are different. Article mentions the requirements for options, which are higher than FX. What are they for FX? If memory serves me correctly, they are 2K. 2K, +/- $500… This article does not list the accurate FX requirements. They are NOT 5K. What are they? Go to the web site. I know they were even less 5yrs (hearing from a trader who’s been with them a long time) than now. By the time you read this 6 months or more into the future, it may be different again.

    The $6000 “membership fee” (I believe it’s the same for FX. This is the amount for Options) is essentially paying for the education and is not out of the ordinary for prop firms that I’ve researched. SMB Capital is also in that price range.
    The article does NOT say anything about them refunding you the $6000, after you’ve generated that much “profit” for Maverick Trading, from their 30% cut. I’ve calculated you’d have to make 20K gross, for them to reach 6K, fromm their 30% cut. You will find this in their FAQ as a “performance bonus”, but it’s basically refunding you.
    The 5K of your skin to put in to trade their capital (again, this is the number for options, not FX, ha..), is not a surprise. It’s clearly written on their website. If you can’t read or didn’t read this detail, I’m sure you’re making other mistakes in life.
    For options, the 5K of your capital, will give you access to 25K of firm capital, for their level 1.
    FX, ~2K of your capital gives you access to 10K at level 1. Article here says nothing about that, but it does say you have to put up 5K, which again, is for options, not FX. FX is closer to 2K of your own capital. That’s a ballpark from memory.. It’s definitely less than 2.5k of your own capital to access 10K. The buying power for FX many multiples higher than 10k, for a 10k account. Does the article say anything about that? No. Ha…
    The two statements, “When we started this review, we mentioned that Maverick FX was not actually providing fully-funded trading accounts to anyone. In fact, they will never do this.”
    and,
    “At this point, I think it’s worth reminding you that this website does not provide any trading capital to anyone.” is hysterical to read.
    I’ve seen the accounts for people who do trade for them. YouTube also has a video of a Maverick trader, funded, been with them for over 6 months, and shares his personal experiences trading for them and walks you through his account and what he sees from his side.
    In addition, they’re yearly gathering of traders must also be fictitious too. Ha.. Seriously, this is so ridiculous to read. I think you also have another web site that says the USA never landed on the moon and that it was a Hollywood production too.
    This is an absolutely confusing and wrong statement.. “This phony website also runs a stocks trading program besides their prop trading opportunity which they call Maverick FX.” “stock trading program” that is called Maverick FX?!? The currency side is called Maverick FX. Ha.
    This is also completely wrong, “With this other ‘opportunity’, you will pay an upfront fee of $1500 in addition to the $199 monthly fee. ” Again, as I’ve said before, and can be found on their web site, 5K is for Options and ~300/month for options too. It’s closer to $1500 and $199 for FX, but this article doesn’t say that.
    This is a seriously ridiculous comment.. “To add insult to the injury, you must foot the bills by maintaining a monthly fee of $199 just to remain a member of Maverick Trading society. ” A Prop Firm who has many people trading their capital, would be smart to hire Risk Managers to keep them out of trouble. Seriously, how can it be such a far out crazy idea that there would be infrastructure to manage the traders, capital, and education?

    I see several more holes, but I’m not tired of typing all this and can feel I’m just talking to a wall. It also occured to me as I typed this, that it will probably not even post. Ha.

    Vinmo has a good number videos from them with many daily summaries of the market.

    As I said, I don’t trade for them (yet), or work for them, but I’ve done my research on them and feel extremely comfortable to join them if I chose them to join. I felt compelled to write this because this was so biased, false, and unfair. I think you’re more p***ed off by all the job ads more than anything.

    If you want to start a business, that will generate money, and you don’t have enough of your own capital to do it, you go to a bank for a loan.
    A bank will will not give you their money unless you can prove your business will make money (submit a business plan) AND give collateral. If your business doesn’t make money, and you can’t pay back the loan, the bank can take the collateral.

    I personally find it not unreasonable, for a Prop Firm, who takes all the risk, to require you to front risk money before trading their capital, and require losses to hit that first, to reduce their exposure. If you are not making money, want to stop, and you still have risk capital, you can take that back.

    Prop firms have frequently gone belly up in the 80s, 2000s, 2008, and even in the last week. Personally, I find it very comforting and confidence inspiring that a Prop Firm will go to lengths to protect it’s capital and stay afloat. If you can’t trade profitably under they’re requirements, then maybe you just aren’t good enough.

    You can’t blame the bank because you can’t run a business profitably.
    And you can’t blame a prop firm because you are a bad trader and can’t do it profitably.

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