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.
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.
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’.
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.
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.
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.
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.
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.
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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