Jon Alex has been accused of being a fraudster. His prop firm, Maven Trading, has received numerous complaints for defrauding others.
In my post, I’ll try to explain how dangerous Jon Alex and his prop firm are. If you know anyone who is thinking of investing in Maven Trading, share this post with them, please.
Could Maven Trading be considered a legitimate proprietary trading company?
Maven Trading asserts that it is a brand that is owned and operated by Maven Trading Group Ltd., a corporation that is headquartered in Canada. Prop businesses are exempt from the requirement to obtain a licence from IIROC, which is a local Forex trading authority, because they do not accept funds from customers.
Despite this, it would be fascinating to learn more about the company. Based on the registry, we were able to determine that the company was established in the year 2022. In the course of our conversation with staff members, we concluded that the proprietor of the company is “Chris Hunter, along with Seb and Jon.”
The truth is that this response did not make us feel more at peace. The use of nicknames for the purported owners does not inspire trust or lead us to expect that we would be compensated for our losses.
Furthermore, the employee in question informed us that the only evidence of credibility that we would be able to obtain is testimonials from Trustpilot and payouts from Discord. We strongly recommend that you steer clear of the Maven Trading scam since everything from A to Z is a complete and utter failure.
Reviews from Traders: What Do Investors Have to Say About Jon Alex and His Firm?
Taking into consideration the fact that the Maven Trading support team discusses Trustpilot as a source of validity, we are inclined to conclude that these reviews are not as genuine as they claim to be. Especially after coming to the realization that a significant number of them are from clients who have recently begun investing but have not yet withdrawn their profits.
365 comments were found at the time that this article was written. A significant number of the negative ones make reference to covert policies, which is not surprising to us. In any case, the company does not possess any legal documents; rather, it only has “testimonies on social media.”
How does the scam known as Maven Trading work?
Investors are persuaded by Maven Trading that the company is indeed based in Canada. In addition, they recommend working together with EightCap, which is a trustworthy online trading firm that provides a trading platform.
All of those that are successful in the challenge round are eligible to get financing ranging from $5,000 to $200,000 from the prop firm. On the other hand, reviews indicate that there are a great number of hidden clauses that restrict your ability to proceed to the next stage. In its place, you will be required to pay for new participation consistently. Even though the minimum fee is $45, it is not apparent whether there are any additional costs.
Who are the victims of Maven Trading?
Registration of the Maven Trading website took place in 2016, and it was last updated in 2023. The majority of the company’s customers are people living in Nigeria, the United States, and the United Kingdom.
But we are certain that there is more to it than that. Because everything about this company screams fraud, you should avoid doing business with them. In addition, make sure that you read our comments regarding Funded Trading Plus and Fidelcrest.
Platforms for Trading Offers Available
A mention to Maven Trading’s own proprietary platform may be seen on the homepage of the website. Following that, they assert that the software of EightCap is responsible for all of the trading that takes place. Traders can take advantage of the reputable company’s MT4 and MT5 trading platforms.
Due to the fact that we are unable to verify which platform is genuinely available, at least not without first paying to participate in the challenge stage, we will refrain from making any further comments. All things considered, the Maven Trading login seems to have a questionable quality to it.
What Am I Able to Trade?
In addition, there are several inconsistencies in the information that we have. To give just one example, the company claims to provide access to such:
Pairs of currencies, including EUR/USD, USD/ZAR, and GBP/NOK
FTSE100, BE20, and AU200 are the indices.
Bitcoin, Bitcoin Cash, and USDT are examples of cryptocurrencies.
They do, however, offer a list of trading products that are available through EightCap, which includes commodities and shares. As a result, we are confused about what you can trade and how you can trade it.
Different kinds of live accounts
You have the option of working with live accounts that are either one-step or two-step, with a profit target of either nine percent for the first step or five percent for the second phase. The following is the approximate sum of money:
- The fee is $5,000. Cost: $45 or $55 – charge of $10,000 Either $80 or $100
- a fee of twenty thousand dollars Either $150 or $180
- As a fee, $50,000 Either $300 or $360
- $100,000 is the fee. Either $500 or $600
- The fee is $200,000 Both $1,000 and $1,200
It is dependent on the programme that is selected, with the 2-step one having a lower fee than the other programmes. In addition, the daily drawdown for a programme with two steps is 5%, whereas the drawdown for a programme with one step is 4%.
With each of them, you will have the opportunity to share the profits with the company in an 80-20 split, which means that you will receive 80 percent of the earnings.
Leverage and Commissions
As stated in the advertisement, the maximum leverage is 1:30, which is by the European restriction. A commission of $2.5 per lot or $5 each round is charged for foreign exchange trading, which does not have a spread. The spreads on other assets are low, and there are no commissions involved.
In spite of this, you can never be absolutely certain that this will be the case, particularly when you take into account the fact that the company conceals information about the owner and the official address.
The procedure for withdrawing from Maven Trading
Imagine for a moment that everything goes according to plan and you can trade and make a profit. If the profit amount is greater than one percent of the total amount you traded, you are eligible to seek a payout every fourteen days.
According to the information provided by the support team, the following are the various payment options:
A cryptocurrency wallet and a wire transfer.
However, they were unable to disclose which bank manages the funds or whether or not they are kept apart from their banking operations. Therefore, it would not come as a surprise to us if you were to report that you are having problems with Maven Trading withdrawals.
If I am experiencing any difficulties with Maven Trading, what should I do? Question and Answer Section
You can file a complaint with the local authorities if you experience any difficulties with the account or the payout. In addition, you might try to rectify the transaction by getting in touch with your financial institution. Finally, you have the opportunity to communicate with our specialists in Global Fraud Protection.
We have crypto experts at CipherTrace who can assist you in tracking and tracing your digital money and are also able to provide a comprehensive report for the authorities. In addition, we can assist you in the process of gathering evidence for the next court dispute.
Complaints Against Jon Alex’s Maven Trading
#1. Because I had informed them that they were a scam, they took my account, on which I had only ever made one trade, and told me that I was not allowed to trade it. I made one transaction on it, and there was hardly any drawdown at all. However, I did it because I suggested that they were a scam, which they are. This violates the law! I WILL RECEIVE MY MONEY WITHOUT QUESTION! They are not legitimate; you should look elsewhere for your business dealings because they do not provide what they claim to provide; the details are all in the fine print. Avoid going there!
#2. I opened a three-step ten-thousand-dollar account, made one trade, and then left it to sit overnight. When I woke up, I discovered that I had reached the twenty-dollar daily drawdown… The trade was stopped for $92. We reached out to support, but they were of no assistance whatsoever. It is not worth your time to work with this firm since they are a complete and utter fraud.
For clarification, support informed me that my account was increased to $10119; nevertheless, when the trade was closed, it was classified as a loss of more than $200 due to the fact that my account equity was really lower than that amount. Honestly, I don’t know what else could scream “scam” more than that.
Edit number two: They attempted to label this review as slanderous. Thank you to Trustpilot for pointing out the contrary. Consider this to be evidence that Maven is not a reliable firm, and you should go elsewhere for your financial support. I recently disputed a transaction with them through my bank, and it was successful; if they have burned you, I would recommend that you do the same thing.
#3. I have an open trade with Maven, and they are already calculating it to my balance and open position. Now, there was a little retracement, and they sent me an email stating that I have a drawdown on my account. This is so frustrating, and I read the rules, but there was nothing of this nature there. Therefore, I would recommend that you look for another professional firm rather than Maven because it is a scam.
#4. I am sorry to say that I have missed by maven on multiple occasions. Last but not least, I recently purchased an instant account, which resulted in a growth of four percent; however, this time, my account was closed, and I was informed that I had violated our roll. Believe me, I have not committed any violations in my shirt, and I am completely frustrated and time and money have been wasted.
#5. I have been working for our rights as a breaxh maven, and it has been a terrible scam and a waste of my time.
Neither have I suggested it to anyone else.
#6. Although I have reached my daily drawdown limit, there is no error on my part. My daily drawdown limit is 200$ in 54$ left. I took a trade with 49$ SL, but my Trade cut at 57$ & my daily drawdown limit hit. When I contacted the support team, they told me the account has been set back to activate, but my account is still disabled. I faced the same problem 2 times with Maven.
#7. To cause traders to incur financial losses, this prop business was established. Under these stringent regulations, I do not believe any Traders will be able to succeed. Two completely absurd regulations are the trailing drawdown and the maximum risk of 1%. Because of these two conditions, no trader can avoid losing their account.
Considering the low cost of an account on Maven, no one will purchase an account here because of the low pricing. It is possible that you will lose your minimal balance if you decide to get an account here because the price is so low.
And in addition to that, you are doomed to fail. Because every rule they have is intended to cause you to fail. Two of the rules that are sufficient to cause a trader to lose money are the trailing drawdown and the maximum open risk of 1%.
Red Flags in Jon Alex’s Maven Trading Prop Firm
Maven Trading, spearheaded by Jon Alex, has attracted attention in the prop firm world with claims of elite support, flexible funding options, and performance-driven scaling. But beneath its polished surface lurk serious concerns that deserve close inspection. Based on trader testimonials, online commentary, and industry observations, here are the standout red flags you should scrutinize before committing your time and capital.
1. Rampant Payout Disputes and Denials
A persistent concern involves Maven’s handling of payouts. Numerous traders report being denied withdrawals despite apparently meeting performance requirements. Reasons cited often seem arbitrary: violations of unwritten rules, unverified inconsistencies in order timing, or surprise clauses that never appeared in onboarding materials. In many cases, payout rejections arrive after traders have passed profit targets, executed tens of live trades, and accumulated zero infractions on paper.
The timing raises suspicion: once payouts near release, suddenly, rule enforcement becomes aggressive, and communication tightens. This trend suggests that payout denial may be baked into the system, not simply a rare oversight, but a structural design to hold back funds.
2. Opaque Rulebook and Hidden Clauses
While Maven advertises a clean and intuitive rulebook—clear profit targets, low drawdowns, and simple phase progression—real user experiences tell another story. Traders report discovering clauses late in the evaluation process that penalize seemingly legitimate behavior: certain “pattern day trades,” the choice of using specific indicators, or execution timing about news releases.
These rules often lack clear definitions or timestamps, leaving traders guessing what counts as a violation. Reactive announcements about prohibited strategies, emailed without follow-up confirmation, only add to the confusion. A transparent prop firm should publish all relevant rules before an evaluation begins—anything else suggests opacity and unfair enforcement.
3. Technical and Execution Issues During Critical Moments
Several traders recount inexplicable trade execution behaviors—limit orders suddenly skipping entry or exit by a few pips, or platform delays during key market moves. These issues rarely occur during demos; they seem to manifest during funded accounts or near payout eligibility. For a firm that touts institutional-grade tech and fast fills, this inconsistency poses major concerns. Traders worry that by the time orders matter most, Maven’s platform may actively hinder performance.
4. Slow or Deficient Customer Support
Maven’s customer support may appear responsive during the onboarding and payment phases, but once traders encounter problems, access to prompt, helpful assistance drops. Researchers and forum posts highlight generic replies, long wait loops, and advice to search old FAQ entries rather than proactively resolve issues.
Without timely, human-backed support, traders can be left in limbo as platform errors, payout delays, or contract questions arise. In critical trading moments, this can cost real money and undermine confidence in operational reliability.
5. Profit Splits That Don’t Tell the Whole Story
While Maven advertises an 80% profit split on funded accounts as an attractive headline, many traders report effective splits far lower due to opaque fees or scaling thresholds. Some mention:
- Required monthly platform or management fees are deducted before profit release
- Profit caps that reset scaling tiers prematurely
- Additional “admin” fees for phase upgrades
These charges can erode gains without being disclosed upfront. If a firm expects traders to digest complex fee structures after funding, beware that the true profit potential may be far less than advertised.
6. Rule Changes Introduced Retroactively
One alarming pattern involves rule changes deployed mid-challenge without notice. Candles not counted in backtesting suddenly excluded, changes in execution timing policies, or renewed scrutiny of stop-loss and take-profit placement all appear weeks after traders have passed audits or reached targets. When this happens, sudden notifications of violations or stalled payouts follow. Not only does this break trust, but it can invalidate entire trading sessions that were compliant at the time.
7. Emotional Manipulation Over Structural Failures
Traders report that Maven often employs emotional or psychological tactics when addressing failed challenges or payout denials. Complaints involve tone shifts on support channels—from friendly encouragement to corporate formality as soon as an account underperforms. Rejections are framed as trader errors, not systemic issues. Compounding pressure comes in follow-up emails implying that full transparency is a privilege granted only to “top performers.”
In a psychologically sensitive space like trading, these tactics may discourage complaint escalation, funneling funds back to the firm rather than resolving real problems.
8. No Independent Auditing or Public Verification
Credible firms often publish audit statements, third-party verification statistics, withdrawal logs, or perform spot account checks. Maven, on the other hand, does not appear to have any external auditing or certification. Claims around funded traders, payout volume, and rule enforcement rely solely on internal reporting. Without external verification, traders must take everything at face value—a luxury few elite traders can afford.
9. Aggressive Scaling With Little Follow-up
Maven allows traders to scale up to much larger funded accounts based on success. However, traders report being fast-tracked through scaling tiers without adequate review or strategy checks. Then, just before accessing equity, payout requests stall—sometimes indefinitely. In other words, the offer of growth entices traders in but the payoff never materializes. This pattern aligns with the notion that scaling is designed to trap capital, not reward skill.
10. Lack of Refund or Dispute Pathways
When traders are dissatisfied—because of a denied payout, platform issue, or sudden rule shift Maven’s terms of service leave little room for official appeal or refund. There is no structured arbitration path, no legal oversight, and no third-party ombudsman to mediate disputes. All grievance handling appears to follow internal hierarchy, controlled by the same team that implements the rules. For an industry based on trust, this is a glaring absence.
Conclusion
Maven Trading under Jon Alex offers a polished front, enticing traders with high potential earnings and a scalable capital model. But numerous red flags suggest systemic issues:
- Payout denials near target achievement
- Hidden or shifting rules enforced retroactively
- Execution problems during critical windows
- Low support, responsiveness, and psychological manipulation
- Opaque fees eroding advertised profit splits
- Absence of external auditing or transparency
- No clear dispute or refund mechanisms
If you’re considering a funded trading platform, weigh these concerns carefully. Ask hard questions upfront:
- Can I review every rule before trading starts?
- Is there a clear escalation path when problems arise?
- Are trading logs and execution data fully accessible in raw format?
- Where can I independently verify their claims—via audit, 3rd‑party, or public stats?
Experience in the prop trading space has taught experienced traders to look beyond clever marketing. Firms that prioritize control over transparency and revenue over trader success are ultimately unsustainable or unethical. Maven’s red flags may be subtle individually, but taken together, they reveal a firm built more to collect fees than foster long-term trading excellence. Choose wisely.
