MAIGREEN developed a unique 2-step evaluation course for Traders. This evaluation process consists of the MAIGREEN Challenge and the Verification and is specifically tailored to discover trading talents.
Upon successful completionSuccessful completion refers to meeting the Trading Objectives of MAIGREEN Challenge and Verification and demonstrating the trading history which is in compliance with the real market conditions described in clause 5.4 of the General Terms & Conditions. of the evaluation course, you are offered a placement in the MAIGREEN Proprietary Trading firm where you can remotely manage the MAIGREEN Account with a balance of up to After the client signs an agreement with our Proprietary Trading Firm, he/she will be provided with the demo account with virtual funds. The MAIGREEN Account is connected to our Proprietary Trading Firm’s live trading account with real capital.50,000 USD. Your journey to get there might be challenging, but our educational applications, account analysis and performance coach are here to help you on the endeavour to financial independence.
The MAIGREEN Challenge is the first step of the evaluation process. You need to succeed here to advance into the Verification stage. Prove your trading skills and discipline in observing the Trading Objectives
The Verification is the second and the last step towards becoming the MAIGREEN Trader. Once you Pass the Verification stage and your results are verified you will be offered to trade for our Proprietary Trading Firm.
You are becoming a trader of the MAIGREEN Proprietary Trading firm. Trade responsibly and consistently and receive 50% of your profits. If you consistently generate profits on your MAIGREEN Account, we can scale your account according to our Scaling Plan.
Before we allow you to trade for our Proprietary Trading Firm, we need to be sure that you can manage risk. For this reason, we developed Trading Objectives. By meeting the Trading Objectives, you prove that you are a disciplined and experienced trader. Your trading style is entirely up to you; we don’t set any limits on instruments or position size you trade.
The MAIGREEN Challenge duration is 30 calendar days; the Verification duration is 60 calendar days.
If you manage to pass the Trading Objectives sooner, you do not need to wait for the remaining duration days.
For example, if you pass all the Trading Objectives of the MAIGREEN Challenge in just 11 days, no need to wait another 19 days. We will advance you to the Verification as soon as possible.
To meet this objective, you must trade for at least 10 days during the testing period. At least one position must be opened in each of these days.
A trading day is defined as a day when at least one trade is executed. If a trade is held over multiple days, only the day when the trade was executed is considered to be the trading day.
This rule can also be called “trader’s daily stop-loss”. According to our rules, this is set as 5% (10% in case of an Aggressive version) from the initial capital value. The rule says that in any moment of the day (CE(S)T – Central European Summer Time), the result of all closed positions in sum with the currently open floating P/Ls (profits/losses) must not hit the determined daily loss limit. The counting formula:
Current daily loss = results of closed positions of this day + result of open positions.
For example, in a case of the MAIGREEN Challenge with the initial capital of €40000, the Max Daily Loss limit is €2000. If you happen to lose €1000 in your closed trades, your account must not decline more than €1000 this day. It must also not go -€1000 in your open floating losses. The limit is inclusive of commissions and swaps.
Vice versa, if you profit €2000 in one day, then you can afford to lose €4000, but not more than that. Once again, be reminded that your Maximum Daily Loss counts your open trades as well. For example, if in one day, you have closed trades with a loss of €1000 and then you open a new trade that goes into a floating loss of some -€1200 but ends up positive in the end, unfortunately, it is already too late. In one moment, your daily loss was -€2200 on the equity, which is more than the permitted loss of €2000.
Be careful as the Maximum Daily Loss resets at midnight CE(S)T! Let’s say that one day you had a profit of €600. On the same day, you have an open position with a currently floating loss of €2500. On this day, the maximum daily loss is not violated. The current daily loss is €1900. ( €600 closed profit – €2500 open position). However, if you hold this position with the open loss of €2500 after midnight, the daily loss limit will be violated. This is because your previous day profit doesn’t count to a new day and the open loss of €2500 exceeds the max daily permitted loss of €2000.
The size of the Maximum Daily Loss gives trader enough space for trading and it guarantees a clearly defined daily risk to the investor. Both the trader and investor benefit from this rule as the account value will not drop below the limit. That’s also why Maximum Daily Loss limit includes your possible floating losses.
You can get more insight into why this rule is in place in this article.
This rule can also be called “account stop-loss”. The equity of the trading account must not, at any moment during 30-days duration, decline below 90% of the initial capital. For the MAIGREEN Challenge with the capital of $100,000, it means that the account lowest possible equity can be $90,000. Again, this is a sum of both closed and open positions (account equity, not balance). The logic of the calculation is the same as with the Maximum Daily Loss; the only difference is that it’s not limited to one day but the entire duration of the testing period. The limit is inclusive of commissions and swaps.
10% of the initial capital gives trader enough space to prove that his/her account is suitable for the investment. It is a capital buffer that should keep the trader in the game even if there were some initial losses. The investor has an assurance that the trader’s account cannot decline below 90% (80% in case of Aggressive version) of its value under any circumstance.
The Profit target in the MAIGREEN Challenge is set to 10% (20% in the Aggressive level) of the initial balance and 5% (10% in the Aggressive level) in the Verification. Profit target means that a trader reaches a profit in the sum of closed positions on the assigned trading account anytime within 30 calendar days in the MAIGREEN Challenge or anytime within 60 calendar days in the Verification. Also, at the end of the trading period, all positions must be closed.
For example: If you trade Challenge with $100,000 capital, your profit target is $10,000 in the MAIGREEN Challenge and then $5,000 in the Verification.
Note that we will provide you with a new free Challenge every time you meet all the Trading Objectives (regardless of whether that is Challenge or Verification) except for the Profit Target. To receive the new MAIGREEN Challenge for free, your account profit must be positive at the end of the duration with all positions being closed.
The fee is reimbursed to you with the first profit split when you become the MAIGREEN Trader.
We offer all our clients the best trading solution in the form of our MT4, MT5 and cTrader accounts powered by data-feed directly from our prime liquidity providers. We do our best to simulate the real market conditions with super-raw spreads, very low commission and no markup to all demo trading accounts with virtual funds.
The most popular trading platforms
MAIGREEN platform with a wide choice of assets across the board, with very low commissions and super-raw spreads.
No limits on trading style!
Trade your own trading strategy with no limits or restrictions. You can use EAs, hedging or trade discretionary.
Dedicated Customer Support
Reach us via Live Chat, E-Mail or arrange a call with us.
Several platforms to trade on
MT4, MT5, or cTrader. Choose yourself!
Use professional trader’s leverageLeverage in trading uses borrowed virtual funds and can significantly magnify both gains and losses. Leverage should be used by experienced traders who understand its implications. MAIGREEN can reduce leverage upon request. to your advantage with no limits on position size.
Trading Applications & Coach
Access to in-house developed trading applications and support from our Performance Coach.
Trade every instrument you want
Forex, Commodities, Indices, Crypto, Energies.
One-time fee only
No recurrent charges, no membership or other hidden fees. Moreover, the fee is automatically reimbursed to you with the first profit withdrawal
A thorough analysis of your trading account with constructive feedback from our company.
MAIGREEN is pretty much the only funding company where I’ve experienced myself they truly stand to their commitments. I’ve got my second profit withdrawal, full 70% and it came only one day after sending the invoice, automatically! Couldn’t be happier. All I have to do now is to trade responsibly. Good for all
Forexpeacearmy – https://www.forexpeacearmy.com/review/goto?id=123556
My name is Sami and I am a funded trader at MAIGREEN. I have multiple accounts with them and did the challenge+ verification multiple times. December 8th 2019 was the first time I asked for my profit split and the man who is responsible for giving me…
Forexpeacearmy – https://www.forexpeacearmy.com/review/goto?id=126979