The Trading Pit Review
The Trading Pit, officially known as The Trading Pit Challenge GmbH, is a proprietary trading firm established in February 2022. Based in Vaduz, Liechtenstein, with additional offices in Limassol, Cyprus, and Alcobendas, Madrid, the firm is led by CEO Thomas Heyden. The Trading Pit offers traders a streamlined, one-step evaluation process and collaborates with FXFlat and GBE Brokers as its brokerage partners. This setup provides traders with a direct path to demonstrate their trading skills and potentially manage significant trading accounts through a simplified evaluation framework.
- Platforms for Prop Trading: Match Trader, cTrader, TradingView
- Participation cost: from $32 to $392
- Available capital for management: from $5,000 to $100,000
- Leverage Available up to 1:100
- Two Distinct Upgrade Paths
- Advanced Trader Dashboard
- Extensive Selection of Trading Instruments (including Forex Pairs, Commodities, Indices, Stocks, Cryptocurrencies)
- Growth-Oriented Scaling Plan
- 90-Day Maximum Trading Period
- Profit Sharing from 50% to 80%
- Permission for Overnight and Weekend Position Holding
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Expert Advisors Suitable for this Prop Firm:
The Trading Pit Funding Program
The Trading Pit aims to set a new global standard in trading and investing. The firm provides traders with essential knowledge and tools required for success, positioning them as valued partners. Traders have the opportunity to manage accounts up to $100,000 and can earn up to 80% in profit splits. This potential for substantial earnings is facilitated through trading a diverse array of financial instruments such as forex pairs, commodities, indices, stocks, and cryptocurrencies.
CFD Challenge The Trading Pit
The Trading Pit rules:
- Profit Target: Traders are required to reach a specified profit target to complete an evaluation phase, withdraw earnings, or scale their trading account successfully. The profit target is set at either 8% or 10%, depending on the initial account size. Similarly, for funded accounts, a profit target of 8% or 10% must be met to enable withdrawals and account scaling, again based on the initial account size.
- Maximum Daily Loss: There is a cap on the amount a trader can lose in a single trading day without violating the account's conditions. This loss limit is uniformly set at 5% for all account sizes.
- Maximum Loss: The total maximum loss a trader can incur without breaching the account is capped at 10% for accounts sized at $50,000 and $100,000.
- Maximum Trailing Loss: This is calculated as the difference between the highest achieved account balance and the lowest point during a drawdown. The maximum trailing loss allowed without breaching the account is 10% for the $10,000 and $20,000 account sizes.
- Minimum Trading Days: There is a minimum number of trading days required to conclude an evaluation phase successfully. This minimum is set at 3 trading days.
- Maximum Trading Period: Traders have a maximum of 90 calendar days to reach their profit target and conclude the evaluation phase.
- No News Trading: Trading around the time of high-impact news releases is restricted. Specifically, traders are prohibited from opening new trades or closing existing ones on affected instruments during a 2-minute window before and after such news announcements.
Participation cost:
- $10,000 - $99
- $20,000 - $179
- $50,000 - $399
- $100,000 - $999
The Trading Pit’s CFD Challenge offers traders the opportunity to manage accounts ranging from $10,000 to $100,000, with the objective of identifying disciplined traders who can generate profits and effectively manage risk through a one-step evaluation. Participants in the CFD Challenge can trade with a leverage of up to 1:20.
During the evaluation phase, traders must meet a profit target of 10%, except for those managing a $100k account, where the target is set at 8%. All traders must adhere to a 5% maximum daily loss and a 10% maximum overall loss. Notably, $10,000 and $20,000 accounts are subject to a trailing drawdown, while $50,000 and $100,000 accounts have a static drawdown. Traders are given 90 calendar days to meet these profit targets and must trade for a minimum of 3 days to qualify for a funded account.
Upon successful completion of the evaluation phase, traders are provided with a funded account where they must again meet profit targets of 8% or 10%, depending on the account size. They must continue to observe the 5% maximum daily loss and 10% maximum trailing loss rules. The initial payout occurs when a trader hits a 10% profit target for $10,000 or $20,000 accounts, and 8% for $50,000 or $100,000 accounts. Subsequent payouts are also based on achieving these profit targets, which will further allow traders to scale their accounts to higher levels. The profit split ranges from 50% to 80%, dependent on the profit generated and the scaling level of the account.
The one-step challenge account in the CFD Challenge includes a scaling plan that necessitates reaching a profit target of either 8% or 10%, determined by the initial account balance and the size of the account being managed. The scaling opportunity is extensive, with potential account sizes ranging from $500,000 up to an impressive $5,000,000, based on the trader's current account size. This scaling feature is designed to reward successful traders by significantly increasing their trading capacity, encouraging them to maximize their trading strategies and profit potential.
Lite Scaling Plan
Standard Scaling Plan
Executive Scaling Plan
VIP Scaling Plan
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The Trading Pit, a proprietary trading firm established in February 2022, boasts a robust community of traders who have achieved funded status and qualify for profit splits.
Upon successfully reaching funded status through The Trading Pit’s CFD Challenge, traders are eligible to receive their first payout once they hit the required profit targets of either 8% or 10%. Subsequent payouts are also processed each time these profit targets are met. The profit split ranges from a generous 50% up to 80%, depending on the profits generated on the funded account.
For those seeking verification of The Trading Pit’s payment practices, ample proof is available online. Trustpilot features numerous testimonials from traders sharing their experiences and confirming receipt of payouts from the company. Additionally, The Trading Pit’s Discord and YouTube channels offer further transparency, showcasing payout certificates and interviews with some of their most successful traders, providing real-world evidence of their commitment to rewarding trader success.
Below are examples of payout certificates and other forms of payment proof available through these platforms.
The Trading Pit Review and Our opinion about this Prop Firm
In conclusion, The Trading Pit is a distinguished and reliable proprietary trading firm offering traders a straightforward path to success through its CFD Challenge, a one-step evaluation program.
The CFD Challenge streamlines the process to becoming a funded trader by requiring completion of just one phase. This allows traders to manage accounts and earn profit splits ranging from 50% up to 80%. Profit targets are set at 10% for account sizes of $10,000, $20,000, or $50,000, and at 8% for the $100,000 account, providing clear and achievable objectives. The firm enforces a 5% maximum daily loss and a 10% maximum overall loss for the $50,000 and $100,000 accounts, while the smaller accounts are subject to a 5% maximum daily and a 10% maximum trailing loss. Traders must also trade a minimum of 3 days and can utilize up to 90 calendar days to meet these requirements. Notably, the CFD Challenge includes a scaling plan, potentially increasing initial account balances significantly.
I recommend The Trading Pit to those looking for a reputable proprietary trading firm with excellent trading conditions that cater to a diverse array of trading styles. With advantages such as a generous 90-day trading period, minimal trading day requirements, unique upgrade options, and a scaling opportunity up to $5,000,000, The Trading Pit stands out as a top choice within the global proprietary trading industry.
