100% Brutally Honest Maverick FX Review [It’s not for Everyone]

In this Maverick FX Review let’s dissect why people have a notion that Maverick Fx is a scam and let’s have a brutally honest evaluation of the legitimacy and fairness of such a high membership price.

Maverick Fx Review

 

Maverick Fx Review Summary

Company: Maverick Trading Inc

Price to join: $7000

Best For: Experienced traders who are willing to meet quotas

Recommendation: Not recommended

Overall Rating: 18/100

Summary: Maverick Fx Trading or Maverick Trading is a proprietary trading firm

What Is This Maverick Fx Trading Review About?

Maverick Trading was established in 1997 and was incorporated in 2003. It’s a registered proprietary trading dealing with Options/Equities and Forex. They offer training for their training associates as they are given the chance to trade with with the firm’s capital. Becoming a trading associate doesn’t require having a college degree and they mentioned that they are ope to both the experienced and inexperienced traders.

We have verified their business registration from Utah’s business search feature on their website:

Maverick Fx Review registration details

As it caters to degree, non-degree holders, experienced and newbie traders, It sounds promising but not until you learn about its price. But before we go into that let’s first try to evaluate if Maverick Fx Trading is a scam, or is it a pyramid scheme?

Is Maverick Fx A Pyramid Scheme?

Truth is, we can’t call it a pyramid scheme since they are registered as a business and have long been recognized as a proprietary trading firm. But what does it really mean, it’s not everyday that we hear of a company like that. 

According to Investopedia, “Proprietary trading refers to a financial firm or commercial bank that invests for direct market gain rather than earning commission dollars by trading on behalf of clients.” So basically they are a trading firm that doesn’t cater to clients, but instead trades for their own company gain. But why are there queries and speculations that Maverick FX trading is a scam? Some even say that they are a Ponzi Scheme!

In this Maverick Fx review, we’ll try to diseect every detail that has led them to that association.

What is a Ponzi Scheme?

Just a quick overview, let’s try to first define what a pyramid scheme is so we won’t interchange them. A pyramid scheme is an illegal business structure focusing on recruitment rather than selling products and members profits from commissions gained from downline. A ponzi scheme on the other hand is an investment program that promises high ROIs with little risk and it rewards earlier investors by the money taken from new investors.

So basically, they almost operate in the same idea that when you are a new investor it’s unlikely that you will gain any monetary advantage like those above you since you need to create a network under you before you can get commissions and rewards. What happens is that when the pyramid collapses, either the business caves in or there is a lack of new recruits, you can’t really maximize your investment in the program. 

Imagine paying to join a program where people above you make money from your sales. No matter how hard working you are, unless at some point you recruit and form your own pyramid of downlines, then that’s the only time that you could truly profit from it. 

The reason why people fail to become top of the pyramid is because of the following reasons:

1. They don’t make enough repeat sales/ or reach quota
2. They fail to recruit other people
3. There is no retention in their recruits

It is also vital that you know about the difference of an MLM or a multi-level marketing business. To put it simply, an MLM is just a legalized and regulated pyramid scheme. They basically operate on the same premise but the only thing is, the business is registered and they pay taxes. 

The reason why Maverick Fx or Maverick Trading is accused of being a scam or Ponzi scheme is because they have an expensive membership fee for their traders plus it has a monthly recurring fee and other fees on top of that. But is it fair for Maverick Trading to ask for such a high fee when traders are actually going to work for them?

The short answer is, most likely yes. Why? Let’s discuss it below

How Does The Maverick Fx Trading Work?

So according to their Membership Agreement, the initial payment that you’ll be giving them is considered as your Performance Bond and it could cost a minimum of $5000. This means that the money is still yours but any profits and losses that you may gain through your training and your work there is to be reconciled to that amount.

Maverick Fx Reviewc capital sharing program overview

So this sounds to me like you’re lending Maverick Fx Trading a capital for a while as you prove your skill as a trader, and any profit gained from it, the firm gets a less than or equal to 30 percent of it.

Their Membership Agreement has been upfront with the fees needed to get into their firm which is the $7000 enrollment fee (minimum of $5000 as Performance bond) plus $199 monthly fees. Imagine that would be $2388 per year!

Maverick Fx Review overview of costs


But due to nature of work and the likelihood of actually earning more through trading, it’s not impossible that traders can earn more. But imagine, you’re working for a firm and you pay them for letting you work for them…

Maverick Fx Review meme guy confuses

How To Make Money With Maverick Fx

So you are either invited to be a trader or you apply to them. As long as you have the needed enrollment fee of $7000 then you’re set to be bound on their training and seminars.

Here’s a sneak peek of an experience of a Reddit user some 7 years ago:

Maverick Fx review reddit

Well hopefully their program and training could have become better by now, I mean come on, it’s been years now.

Is Maverick Fx Trading A Scam?

Just to be fully transparent with you, I am a trader or affiliated to Maverick Fx Trading and I do not endorse it in any way.

I have researched the website, testimonials, and information on the Internet to get to the bottom of what Maverick Fx Trading genuinely does. This is because I have been burnt from unprofitable high-ticket programs I want to prevent others from making the same mistakes. If you’d like to learn Ways to Avoid Online Scams then click the highlighted text. 

As a third-party review, I find Maverick FX Trading a legitimate trading firm that offers trading lessons and experience to those willing to learn. But as I have said from the very start of this article, this trading firm experience is not just for anyone because it needs financial resources, dedication, discipline and motivation to hit quota.

Even their Glassdoor, Trustpilot and BBB reviews are being replied courteously and professionally… but of course there would be internal conflict that we may not know of…because here’s some tea from a Glassdoor review of a current employee:

Maverick Fx Review glass door review

To be fair, we can say that we can’t fully trust online reviews that we may see on business profiles because it can be easily faked. So it’s best to actually ask from people who have been inside the firm and is no longer affiliated with them to prevent any bias.

Brutal Truths about Maverick Fx Trading

  1. Even as you train with them they never really lose any resource because your performance bond will be reconciled with any losses that you may incur as you trade under their training program.
  2. They have a recurring $200 desk fee per month
  3. While you may learn a lot from their trainings, the enrollment is something that not everyone can outright afford.

Pros And Cons Of Maverick Fx Trading

Pros

  • Is a legitimate and registered proprietary firm
  • The company has been running for more than two decades now.
  • You can learn a lot from their training
  • You can earn a lot especially with additional capital that you’ll be given

Cons

  • A recurring desk fee, $200 monthly
  • High capital needed to get into the training ($7000)
  • They profit from the capital lended by the trainee during their enrollment, nothing lost for them.
  • Trainees may think that going under the training won’t really cost them anything, until their trading losses are reconciled on their bond.

Is Maverick Fx Trading a scam? Or is it a pyramid scheme?

No. Maverick Fx Trading is a legitimate business and it’s not a pyramid scheme. A legitimate firm can give one the opportunity to earn more profits. But I think it would be best if there was no capital sharing and an actual base salary and benefits.

Maverick Fx Trading review: Final Verdict

Maverick Fx Trading is a legitimate business, a proprietary firm to be exact. While they may require high fees to get into their training program it’s understandable especially as trading has its inherent risks.

A Better Way To Start A Home-Based Business

If you’re looking for a business opportunity where you won’t have the pressure of having a financial quota you should know trading for proprietary firms are not for you.

Trading has its great risks and it’s true that you may incur losses as part of you learning curve. So to think that trading is easy and a sustainable form of income would be underestimating the amount of emotional investment from losses that experienced traders have incurred through the years.

But what if you have a business that could help you earn year-round, and even years after one output? Yes that’s possible! As with every legitimate business opportunity, it would need hard work, dedication and time to learn the trade.

Let me introduce you to affiliate marketing:

How Affiliate Marketing Works - Earn From Your Laptop
How affiliate marketing works

You won’t need downlines, no quota to hit, you can even work whenever you want. You can partner with a brand that you like, create content for the things you love doing and learning from, no scripts to learn.

I know a good community that can guide you towards learning about affiliate marketing. It’s even free to start so you can explore it first! Here’s a comprehensive review about it.

And when you feel like you’re finally ready to do it full time and get extra tools, help, and guidance, you can always upgrade to a Premium that goes for just $49 a month! Plus you’ll get personal help and mentoring from John Stanley. Check it out by clicking below!


Want To Master Affiliate Marketing?

Take a look into what is considered the best training platform & mentoring community for building your own successful online business in any niche you choose.



Louee Gonzales Author

Louee Gonzales has been a content specialist for 4 years now. She has been enjoying writing investigative articles for EFYL. If she’s not writing, she’s either painting or traveling somewhere fun.

She has a degree in Psychology, and quick fact: she can’t read your mind. She has authored articles on the School of Positive Transformation.

Maverick Trading Inc.

$7000
1.8

Credibility

1.0/10

Income Opportunity

3.0/10

Reliability

2.0/10

Price

0.0/10

Business Model

3.0/10

Pros

  • Is a legitimate and registered proprietary firm
  • The company has been running for more than two decades now.
  • You can learn a lot from their training
  • You can earn a lot especially with additional capital

Cons

  • A recurring desk fee, $200 monthly
  • High capital needed to get into the training ($7000)
  • They profit from the capital lended by the trainee during their enrollment, nothing lost for them.
  • Trading losses are reconciled on their bond.

4 thoughts on “100% Brutally Honest Maverick FX Review [It’s not for Everyone]”

  1. HI John, thanks for your comprehensive Maverick Fx Trading review.

    It’s good to hear a balanced point of view about things like these, as figuring out what’s worth it and what isn’t can be a minefield!

    Also a good reminder about how pyramid/ponzi schemes operate. I’ve come across a few business models like this whilst looking into ways to make money online, and some things can look too good to be true, until you dig a little deeper.

    With the high capital investment required, I shall be avoiding this particular program, though I will look into the alternative you suggested.

    All the best, Mike.

    Reply
    • Hi Mike,
      Thank you for reading my honest Maverick Fx Trading review.
      Yes I agree with your key concern, whilst Maverick Fx Trading appears legitimate, I really needed to make readers fully aware of the high cost of entry $5,000 as well as the recurring $199 monthly fees.
      That is a huge investment for anyone and you’d need to be very very committed to the training if you are even going to consider this.
      There are a lot of risks to be aware of from trading as well as losing the $5,000 initial performance bond.

      I too will be avoiding this Maverick Fx Trading and am glad I helped you make the right decision for you.

      Reply
  2. Even though Maverick Trading is the real deal you must have quality skills to join and even then $5,000, they want to make sure that you know what you are doing, or else get your money taken.
    It’s like going to the casino and betting on Russian roulette.
    We did like your other suggestion of a fair and honest platform that you must work to get your work noticed, and with Wealthy Affiliate and the help of John.
    We did enjoy the article it helped straighten things out with them being a scam heard that so many times…

    Cheers,
    Mathew&Deloris

    Reply
    • Hey Matthew & Deloris,
      Thank you for reading my honest Maverick Fx Trading review.
      Yes I agree, Maverick Fx Trading is legitimate but I really wanted to make readers aware of the high cost of entry $5,000 as well as the recurring $199 monthly fees.
      That is a serious investment and you need to be seriously committed to the training if you are even going to consider this.
      There are a lot of risks to be aware of from trading as well as losing the $5,000 initial performance bond.

      This can be too much risk and too much of an investment and ongoing costs for many. The honest feedback from inside Maverick Fx as shown from Glassdoor is a red flag to me.

      So I would much rather build a real online business that helps people than this high cost and high risk course. Fact based, proven since 2005 and a lot more quality (Training, tools, mentoring, community & support) and for reasonable pricing. This is why I recommend this over all others. And yes, there is no need for any credit card information to create a free account to see if it suits your style.
      Hope to see you on this inside, John

      Reply

Leave a Comment