WikiFX

Reply

In my experience evaluating brokers, regulatory status is a crucial factor for assessing trustworthiness. With Maven, I found that although they were founded in the UK and previously held an Investment Advisory License from the Financial Conduct Authority (FCA), their current standing is concerning. The information I reviewed indicates that Maven's FCA license is now “exceeded.” In practical terms, this means they do not currently have a valid or active regulatory license from the FCA. For me, that's a major red flag, as it removes the important layer of oversight and recourse that comes from active regulation. When a broker is described as having “no valid regulations” or a “suspicious overrun,” I interpret this as a high potential risk, and I personally would not feel confident trading with a firm in this situation. Active regulation from a recognized authority like the FCA assures me of regular audits, client fund segregation, and access to regulatory protection in disputes—none of which can be fully relied on when a broker’s license is expired or exceeded. In conclusion, while Maven was previously regulated by the FCA in the United Kingdom, they currently do not operate under any active, valid financial regulator. Based on that, I would advise others to approach with great caution and prioritize brokers whose regulatory status is clear and current.