The Trading Pit Review

The Trading Pit empowers traders by furnishing them with the requisite insights and instruments to thrive as the firm's esteemed partners. To ascend to a funded trader role, one must initially excel in a challenge, a testament to your trading acumen and restraint.

The Trading Pit aspires to redefine the benchmarks in the realms of trading and investing. Their dedication lies in bolstering traders with the essentials to transition into triumphant associates of the establishment. The route to becoming a funded trader is punctuated by a challenge, underscoring your trading prowess and discipline. After clearing this hurdle, the reward is a split of profits, ranging from 50% to as high as 80% on your subsequent earnings.

Delving into The Trading Pit

Based in Liechtenstein, The Trading Pit is a proprietary establishment with an expansive presence, including offices in Cyprus, Spain, and Canada. Their influence also spans representatives across Germany, Italy, Egypt, China, Vietnam, and Uruguay. For zealous traders, they promise account ceilings of $100,000, scalable up to a staggering $5,000,000, and a profit share that can oscillate between 50% and 80%. Technological integrations with brokers like FXFlat and GBE Brokers are in place, and they're on the prowl for more broker partnerships.

Their official identity is "The Trading Pit Challenge GmbH," registered under the number FL-0002.693.417-1, with operations that commenced in May 2021.

Their operational nucleus resides at Landstrasse 63, 9490 Vaduz, Liechtenstein.

The Helm of The Trading Pit

At the helm, steering the entity is Thomas Heyden, the CEO. An alumnus of the Johann-Wolfgang-Goethe University, he's well-versed in finance, insurance, and capital market theory. His accolades include the distinction of a certified financial analyst and tenures with eminent German banks and global investment institutions.

His entrepreneurial endeavors encompass establishing and steering multiple investment funds under his regulated umbrella. His fund prowess was recognized in 2009 with the German Fund Award. Besides, he's played pivotal roles in commodity price risk hedging for German corporate giants and Europe's leading public transport entities. His insights on commodity prices and foreign exchange risks make him a sought-after voice for mid-tier German enterprises.

Program Overview

The Trading Pit unfolds four unique one-step challenge accounts for traders.

1. One-Step Challenge Program Account

‍

With the one-step CFD challenge account, The Trading Pit seeks to spot and reward consistent performers. The program offers a 1:30 leverage.

The assessment stage mandates a 10% profit goal (8% for $100k accounts), adhering to a 5% daily loss cap and a 10% total loss limit. Notably, $10,000 and $20,000 accounts have a dynamic trailing drawdown, while $50,000 and $100,000 adhere to a static model. A 90-day window is granted for the evaluation, with a minimum trading stipulation of three days.

Post-challenge success entails a funded account with either an 8% or 10% profit target based on the account size. There's a 5% daily loss ceiling, but now, a 10% trailing loss rule applies. The initial profit requisition stands at 50% or 60% upon hitting the 10% profit mark, unlocking account scaling. Future profits can span from 50% to 80%, contingent on the account size and its current stature.

One-Step Challenge Account Scaling Plan

This account includes a scaling strategy. The profit goals stand at 8% or 10% relative to the account’s initial balance.

The scaling schemes for the two-step challenge accounts are delineated as follows:

Lite Challenge Account Scaling Plan

Standard Challenge Account Scaling Plan

Executive Challenge Account Scaling Plan

VIP Challenge Account Scaling Plan

The trading arsenal for one-step challenge accounts incorporates forex pairs, commodities, indices, bonds, stocks, and digital currencies.

One-Step Challenge Account Regulations

Profit objectives refer to a designated percentage of earnings that traders must achieve prior to finalizing the evaluation process, extracting their earnings, or escalating their account level. The one-step challenge stipulates a profit aim of either 10% or 8%, contingent on the size of the account. Once an account is funded, profit objectives are set at 8% or 10% for the purpose of retrieving earnings and amplifying account balance, based on the original account dimensions.

The daily loss ceiling designates the utmost loss a trader can incur in a single day before the account breaches its limits. Each account category adheres to a 5% daily loss restriction.The Maximum loss threshold indicates the paramount loss a trader is permitted before the account exceeds its permissible limit. For every account magnitude, the loss cap is set at 10%, albeit, this is only applicable during the assessment phase.

Maximum trailing reduction pertains to the utmost reduction, equivalent to the gap between the apex account balance recorded and the peak reduction. Upon attaining the funded phase, all account sizes are bound by a 10% maximum trailing reduction. It's imperative to note that accounts valued at $10,000 and $20,000 also undergo a trailing reduction throughout the evaluation stage.

The minimum trading duration underscores the briefest duration mandated for trading before finalizing the assessment process or initiating a payout request. The appraisal phase obliges traders to adhere to a 3-day minimum trading stipulation.

Conversely, the maximum trading duration signifies the longest time frame permitted to achieve a predetermined profit goal or payout objective. For the evaluation, the trading span is capped at 90 days.A stringent 'no copy trading' policy implies that traders are expressly forbidden from utilizing any variant of copy trading facilities.

Enhancement Alternatives for Your Two-Step Challenge Account

The trading arsenal for one-step challenge accounts incorporates forex pairs, commodities, indices, bonds, stocks, and digital currencies.

One-Step Challenge Account Regulations

Profit objectives refer to a designated percentage of earnings that traders must achieve prior to finalizing the evaluation process, extracting their earnings, or escalating their account level. The one-step challenge stipulates a profit aim of either 10% or 8%, contingent on the size of the account. Once an account is funded, profit objectives are set at 8% or 10% for the purpose of retrieving earnings and amplifying account balance, based on the original account dimensions.

The daily loss ceiling designates the utmost loss a trader can incur in a single day before the account breaches its limits. Each account category adheres to a 5% daily loss restriction.The Maximum loss threshold indicates the paramount loss a trader is permitted before the account exceeds its permissible limit. For every account magnitude, the loss cap is set at 10%, albeit, this is only applicable during the assessment phase.

Maximum trailing reduction pertains to the utmost reduction, equivalent to the gap between the apex account balance recorded and the peak reduction. Upon attaining the funded phase, all account sizes are bound by a 10% maximum trailing reduction. It's imperative to note that accounts valued at $10,000 and $20,000 also undergo a trailing reduction throughout the evaluation stage.

The minimum trading duration underscores the briefest duration mandated for trading before finalizing the assessment process or initiating a payout request. The appraisal phase obliges traders to adhere to a 3-day minimum trading stipulation.

Conversely, the maximum trading duration signifies the longest time frame permitted to achieve a predetermined profit goal or payout objective. For the evaluation, the trading span is capped at 90 days.A stringent 'no copy trading' policy implies that traders are expressly forbidden from utilizing any variant of copy trading facilities.

Enhancement Alternatives for Your Two-Step Challenge Account

Which brokerage does The Trading Pit partner with?

The Trading Pit collaborates with FXFlat and GBE Brokers for their brokerage needs.

FXFlat is a premium online broker with its operational base in Germany. Positioned as a liquidity vendor, they promise traders a dependable experience marked by elevated standards. Initially embarking on their journey as a CFD and Forex broker, they have since broadened their horizons, now offering a comprehensive array of asset categories and financial tools to their clientele.

On the other hand, GBE Brokers is a certified CFD broker boasting a German satellite office situated at the Hamburg Port. Their team, diverse and contemporary, has been meticulously curated to encompass a range of cultures. This ensures that traders can leverage their widespread and profound insights into global banking and financial markets.

In terms of trading platforms, they provide traders the liberty to opt between MetaTrader 4 and MetaTrader 5.

Trading instruments

When you use The Trading Pit, you can trade using the following instruments: forex pairs, commodities, indices, bonds, stocks, and cryptocurrencies.

Trading fees

Trading commission:

Spread:

To have a look at the live spreads, use these login details to gain access to the trading account below:

[Option 1]

Platform: MetaTrader 4

Server: FXFlatMT4-DemoServer

Login Number: 3001017

Password: as1234as

‍Download Platform: Click here

[Option 2]

Platform: MetaTrader 5

Server: FXFlatMT5-DemoServer

Login Number: 101009

Password: as1234as

‍Download Platform: Click here

Learning & Assistance for Traders

The Trading Pit offers a plethora of educational resources.

Traders are entitled to access the following:

• Various Trading Instruments
• StereoTrader (cutting-edge trading enhancement software with a highly adaptable platform offering innovative solutions for both manual and automated trading)
• Squawkbox (Instantaneous news, insights & market commentary)
• Economic Calendar (A comprehensive international economic calendar detailing crucial market movements and forthcoming events)
• CME Heatmap (Harness the capability of CME Group’s Open Interest Heatmap)
• Webinars (Live sessions organized by The Trading Pit)
• Instructional Videos (Educative content by The Trading Pit)
• Terminology Guide (Comprehensive glossary by The Trading Pit)

Feedback from Traders on The Trading Pit

The reputation of The Trading Pit is commendable based on reviews.

On Trustpilot, a myriad of uplifting testimonials and positive feedback from their user base stand as a testament, registering an impressive score of 4.8/5 from a total of 120 reviews.

Many in The Trading Pit's community extol their prompt and supportive customer service, as evidenced by the feedback mentioned.

Digital Footprint

The Trading Pit has a significant presence on various social media platforms.

Their digital footprint includes:

A Facebook page with an audience of 2,131,Instagram handle with 788 followers,Twitter profile boasting 183 followers, LinkedIn with 1,841 professional connections,A YouTube channel that has amassed 233 subscribers and features 45 videos, andA TikTok presence with an audience of 40.Moreover, for real-time interactions, you can engage with The Trading Pit's community on their Discord channel.

Help & Guidance

The Trading Pit offers an exhaustive FAQ section to cater to all your queries about the firm.

For immediate assistance, you can reach out to their dedicated team via live chat, social media channels, or by shooting an email to support@thetradingpit.com.

For more specific inquiries, you might want to ring them at the following number: +4986774014100.

You also have the option to interact with their support staff on Discord, where they are always at your service to resolve your questions.

Summary

To wrap up, The Trading Pit stands as an authentic proprietary trading entity, extending the option for traders to select from varied one-step challenge account sizes.

The one-step challenge account unfolds as a singular phase evaluation test that necessitates the clearance of an assessment phase before achieving funded status and qualifying for profit sharing. With The Trading Pit, traders need to hit either 10% or 8% profit goals during the assessment, based on your starting account balance, prior to being granted funded status. These targets are pragmatic given the 5% daily loss cap and the 10% total loss restrictions during both assessment rounds. It's important to note, during the evaluation, accounts with $10,000 and $20,000 have a dynamic drawdown, while those with $50,000 and $100,000 maintain a fixed drawdown. Post achieving funded status, all account types will observe a dynamic maximum drawdown. With the one-step challenge account, traders stand a chance to garner between 60% and 80% in profit shares while having the flexibility to enhance their account limits.

The Trading Pit is great for those seeking a prop firm with lenient and transparent trading guidelines. Their one-step challenge program is tailored with optimal conditions suitable for a wide array of traders with distinct trading preferences. After weighing all that The Trading Pit encompasses, they undeniably emerge as a top contender in the realm of proprietary trading entities.

The latest update of this review for The Trading Pit was on 19.07.2023 at 11:57 CE(S)T.

How do you perceive the structure of this Proprietary Trading entity? Does The Trading Pit offer the tools you're keen on trading with?

We'd love to hear your thoughts on our analysis of The Trading Pit Proprietary Trading entity.

‍