In-Depth Comparison: Maverick Trading vs. FundedElite

For traders hoping to reach their full potential in the world of proprietary trading, choosing the correct firm is essential.  With an emphasis on their account types, pricing schemes, profit-sharing schemes, and general offerings, this article offers a thorough comparison of Maverick Trading and FundedElite.

 

Maverick Trading

Overview:

Established in 1997, Maverick Trading is a respectable proprietary trading firm that specializes in FX and options trading. The organization prioritizes a friendly community, comprehensive training, and risk management.

Account Types and Capital Allocation:

Maverick Trading provides its traders with an organized advancement system.

• Initial Capital: At Levels 1-2, traders start with capital allocations between $25,000 and $40,000.
• Scaling Up: Traders can reach larger capital levels, up to $800,000 at Levels 5–6, with steady performance.

Pricing Structure:

Joining Maverick Trading involves several financial commitments:​

• Lifetime Membership Fee: To join the FX Division, a $4,000 one-time payment is needed.
• Monthly Desk Fee: Traders must pay a $199 monthly fee from the second month.
• Risk Capital Deposit: To protect against possible losses, live trading requires a $2,000 refundable deposit. 

Profit-Sharing Model:

Traders keep between 70% and 80% of their winnings, depending on their performance and account level.

Additional Features:

• Comprehensive Training: Videos, podcasts, and mentorship programs are just a few of the instructional materials offered by Maverick Trading
• Risk Management Oversight: The company uses strong risk management procedures to promote disciplined trading.
• Community Support: Traders have access to a network of professionals for collaboration and support. ​

FundedElite

Overview:

FundedElite is a relatively new entrant in the proprietary trading industry, offering traders the opportunity to access funded accounts upon successful completion of evaluation challenges. 

Account Types and Capital Allocation:

FundedElite provides various challenge-based funding options:

• Account Sizes: There are multiple account sizes are available to traders: $7,000, $15,000, $25,000, $50,000, $100,000, and $200,000
• Evaluation Challenges: Traders must complete a one- or two-step evaluation process before they can get money.

Pricing Structure:

The cost of challenges varies based on account size:

• 1-Step Challenge:
  • $7,000 Account: $90
  • $15,000 Account: $130
  • $25,000 Account: $225​
  • $50,000 Account: $339​
  • $100,000 Account: $569​
  • $200,000 Account: $1,085 

Profit-Sharing Model:

Traders start with an 80% profit split, which can increase up to 95% as they achieve consistent profitability and scale their accounts. 

Additional Features:

• Flexible Payouts: FundedElite offers biweekly payouts, with options to increase frequency based on performance.
• Intuitive Trader’s Dashboard: A streamlined interface provides essential tools for effective trading.
• Dynamic Scaling System: Successful traders benefit from increased account balances, higher profit splits, and enhanced drawdown limits.
• Second Chance Program: Certain challenges include a free second attempt, offering traders additional opportunities to succeed.

Comparison: Maverick Trading vs. FundedElite

When choosing between Maverick Trading and FundedElite, it’s critical to consider your trading experience, financial commitment capacity, and chosen support network.

Maverick Trading serves traders who are willing to make a sizable upfront commitment and are looking for a thorough training program. Levels 1-2 of the company’s structured progression scheme offer capital allocations ranging from $25,000 to $40,000, with Levels 5–6 offering access to up to $800,000. However, there is a significant financial commitment involved, which includes a $4,000 one-time membership charge, a $2,000 refundable risk capital deposit, and a $199 monthly desk cost beginning in the second month. Depending on performance and account level, traders can keep anywhere from 70% to 80% of their profits under the profit-sharing scheme.

Conversely, FundedElite is the best option for traders looking for flexibility and reduced upfront expenses. Various challenge-based funding alternatives are available from the firm, and account sizes range from $7,000 to $200,000. Depending on the size of the account, challenges range in price from $90 for a $7,000 account to $1,085 for a $200,000 account. When traders reach steady profitability and grow their accoRunts, their initial profit split of 80% can rise to 95%.

Join us today and elevate your trading journey! Connect with our dedicated support team at Futures Elite through our 24/7 Discord channel: Join our Discord.

By registering on our website, you can purchase your challenge account, monitor your trading progress, participate in exciting monthly trading competitions, and engage with our dynamic online community. Don’t miss out on the chance to win giveaways by taking part in various activities at Futures Elite.

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