Maverick Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 16:36

Abstract：Incorporated in 2000, Maverick Share Brokers Private Ltd (“Maverick”) is India-based financial brokerage firm offering its clients a series of investment options, including Foreign Exchange, Options, Commodities, Futures, Shares. Maverick acquired NSE membership in 2001, and it acquired CDSL DP Membership in 2003, then BSE Membership in 2007.

MaverickReview Summary
Founded	2000
Registered Country/Region	India
Regulation	No regulation
Market Instruments	IPOs, Shares, Futures & Options, Commodities, Currency
Account Type	Demat, Trading
Demo Account	✔
Leverage	Up to 1:200
Trading Platform	Web, Mobile, Desktop App
Min Deposit	$500
Payment Methods	Various methods including bank transfer, UPI, and more
Customer Support	Phine:+91 0141-2360627
	Email: info@maverickgroup.in
	Physical Address: 211, Laxmi Complex M.I.Road, Jaipur

Maverick Information

　　Maverick, founded in 2000, is a dynamic financial services provider registered in India. The trading instruments it provides cover IPOs, Shares, Futures & Options, Commodities, Currency.

Pros and Cons

Pros	Cons
Offers diverse market instruments	Unregulated
Multiple channels for customer support	High minimum deposit of up to $500
Demo account available	Lack of specified information regarding accounts
	No MT4

Is Maverick Legit?

　　It is clear that Maverick is currently unregulated.

What Can I Trade on Maverick?

　　Maverick offers traders the opportunity to trade stocks, forex, commodities, indices, cryptocurrencies, bonds, derivatives.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stocks	✔
Cryptocurrencies	✔
Indices	✔
Bonds	✔
Derivatives	❌
Futures	❌
Options	❌

Account Types

　　Maverick offers 2 different types of accounts to traders - Demat Account, Trading Account. But there is no more information about accounts on its official website.

Trading Platform

　　Maverick's trading platform is Web, Mobile, Desktop APP, which supports traders on PC, Mac, iPhone and Android.

Trading Platform	Supported	Available Devices
Web	✔	Web
Mobile	✔	Mobile
Desktop APP	✔	Web
MT4 Margin WebTrader	❌
MT5	❌

Deposit and Withdrawal

　　Maverick offers a lot of deposit and withdrawal methods.

　　Clients can choose from options such as bank transfers using NEFT, RTGS, or IMPS, seamless transactions via UPI apps like Google Pay, PhonePe, or Paytm, easy demat account transfers from other brokers, cheque or demand draft submissions, and even cash deposits at specific branches of ICICI Bank and HDFC Bank.

　　Notably, Maverick does not impose any fees for utilizing these deposit methods.