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The Trading Pit: Reviews And In-Depth Analysis

The Trading Pit is a prop trading firm located in Liechtenstein.

In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from the Trading Pit.

Here’s what you’re going to learn:

What Is The Trading Pit

The Trading Pit is a prop firm located in Liechtenstein.

What Can You Trade With The Trading Pit?

The Trading Pit is a prop firm that funds traders to trade Forex and (real) Futures.

Here’s a list of all of the CFD instruments:

  • Forex
  • Metals
  • Energies
  • Indices
  • Shares
  • ETFs
  • Crypto

If you want to trade Futures, you have access to these instruments:

  • Equity Futures
  • Foreign Exchange Futures
  • Agricultural Futures
  • Energy Futures
  • Interest Rate Futures
  • Metals Futures
  • Cryptocurrency Futures
  • Bonds Futures

What Are The Trading Pit Account Sizes?

The Trading Pit has different challenges and account sizes depending if you’re trading Forex or Futures.

When trading the Challenge, the available Forex account balances are between €10,000 and €100,000. The price to take the challenge is €99 for the smaller account and up to €999 for the bigger account.

In case you’re trading Futures, the account balances vary between $20,000 and $250,000. The price to take the Futures challenge is between €99 for the smaller account and €599 for the bigger one.

After getting funded, your account balances can grow up to €5,000,000 according to the scaling plan.

Important to note that your trading fee is refundable once you pass the evaluation phase.

What Is The Trading Pit Leverage?

The default Forex leverage is 1:30. For Indices and Commodities, the leverage provided is 1:10. If you’re trading Stocks or Cryptos, you can do it with a 1:2 leverage.

When it comes to the Futures account’s leverage, the trading account balance is the buying power, meaning that the leverage is 1:1.

How Much Is The Trading Pit Payout?

Forex accounts

The Trading Pit shares the profits with the trader starting at a 50% or 60% profit split, depending on the account size. It can later be increased up to an 80% profit split according to the scaling plan. You get 80% of all the profits that you make once you get funded, and the prop firm keeps 20% for them.

Futures accounts

For futures trading, the profit split starts at 50% or 60% depending on your account size, and can increase up to 70%, as you move up on the scaling plan levels.

The Trading Pit Reviews

According to Trustpilot, The Trading Pit is classified as excellent. It’s scoring 4.8/5.0. It just doesn’t have tons of reviews, it’s about to hit 100 at the moment.

Forex Challenge – Lite

This challenge lets you apply for an account with a starting balance of €10,000.

Here are all the rules:

  • Minimum days to trade: 5 days.
  • Challenge duration: Unlimited, trade for as long as you need.
  • Maximum trailing drawdown: 7%
  • Maximum daily drawdown: 4%
  • Profit target: 10%

This challenge has one single phase. Once you pass it, you get funded with a 50% but up to 70% profit split

Forex Challenge – Standard

This challenge lets you apply for an account with a starting balance of €20,000.

Here are all the rules:

  • Minimum days to trade: 5 days.
  • Challenge duration: No limit.
  • Maximum trailing drawdown: 7%
  • Maximum daily drawdown: 4%
  • Profit target: 10%

This challenge has one single phase. Once you pass it, you get funded with a 50% but up to 70% profit split

Forex Challenge – Executive

This challenge lets you apply for an account with a starting balance of €50,000.

Here are all the rules:

  • Minimum days to trade: 5 days.
  • Challenge duration: Limits removed, you can take the time you need.
  • Maximum trailing drawdown: 7%.
  • Maximum daily drawdown: 4%.
  • Profit target: 10%.

This challenge has only one phase (in the past it had two). Once you pass it, you get funded with a 60% but up to 80% profit split

Forex Challenge – VIP

This challenge lets you apply for an account with a starting balance of €100,000.

Here are all the rules:

  • Minimum days to trade: 5 days.
  • Challenge duration: No limit.
  • Maximum trailing drawdown: 7%.
  • Maximum daily drawdown: 4%.
  • Profit target: 10%.

This challenge has one single phase. Once you pass it, you get funded with a 60% but up to 80% profit split

Futures Challenge – Lite

This challenge lets you apply for an account where you can trade with up to 10 micro contracts.

Here are all the rules:

  • Minimum days to trade: 3 days.
  • Challenge duration: 30 days (with extension option).
  • Maximum trailing drawdown: 2.5%.
  • Maximum daily drawdown: 1.3%.
  • Profit target: 5%

This challenge has 1 single phase. Once you pass it, you get funded with a 60%, and up to 70% profit split.

Futures Challenge – Standard

This challenge lets you apply for an account where you can trade with up to 50 micro contracts or 5 standard contracts.

Here are all the rules:

  • Minimum days to trade: 3 days.
  • Challenge duration: 30 days (with extension option).
  • Maximum trailing drawdown: 2%
  • Maximum daily drawdown: 1%
  • Profit target: 3.3%

This challenge has 1 single phase. Once you pass it, you get funded with a 60%, and up to 70% profit split.

Futures Challenge – Executive

This challenge lets you apply for an account where you can trade with up to 50 micro contracts or 5 standard contracts.

Here are all the rules:

  • Minimum days to trade: 3 days/phase.
  • Challenge duration: 30 days (total for both phases but with an extension option).
  • Maximum trailing drawdown: 2.3% on each phase.
  • Maximum daily drawdown: 1.7% on phase 1 and 0.7% on phase 2.
  • Profit target: 2.0% for each phase.

This challenge has two phases. Once you pass them, you get funded with a 60% and up to 80% profit split.

Futures Challenge – VIP

This challenge lets you apply for an account where you can trade with up to 100 micro contracts or 10 standard contracts.

Here are all the rules:

  • Minimum days to trade: 3 days/phase.
  • Challenge duration: 60 days (total for both phases but with an extension option).
  • Maximum trailing drawdown: 2.0% for each phase.
  • Maximum daily drawdown: 1.0% for phase 1 and 0.6% for phase 2.
  • Profit target: 1.2% for each phase.

This challenge has two phases. Once you pass them, you get funded with a 60% and up to 80% profit split.

The Trading Pit EAs (Expert Advisors)

You can use EAs/robots to trade but there are a few restrictions:

  • You cannot copy trades that are not yours.
  • You cannot scalp, the minimum trading duration is 1 minute.
  • You cannot perform latency/reverse/hedge arbitrage trading.
  • You cannot use emulators.

The Trading Pit Free Trial

Currently, the prop firm doesn’t offer free trials to traders.

The Trading Pit Free Repeat

There are no free repeats, but there’s a reset option in case you breach any rule.

The Trading Pit Platforms

Forex:

To trade a Forex account you have available the popular MetaTrader platform. You can select the MT4 or MT5 version.

Futures:

All Futures accounts come with free real-time data and a free Rithmic license key.

Besides that, The Trading Pit supports the most popular futures trading platforms.

You can use for free:

  • ATAS
  • Rithmic/R/Trader
  • Quantower

If you have a license, you can also use one of these platforms:

  • Sierra Charts
  • Jigsaw
  • Volfix

The Trading Pit News Trading

If you like to trade news, then this is a good prop firm for you.

You just can’t open any trade within 2 minutes before and after a high-impact news event.

You can however close any trade during that period, or let a pending order be executed during that period, as long as it was set before the 2-minute window.

Make sure that you trade carefully during news time and have good risk management. Learn how to calculate your maximum lot size wisely.

Is The Trading Pit Legit?

Yes, The Trading Pit is a legit company.

Here are their contacts:

Address: Landstrasse 63, 9490 Vaduz, Liechtenstein

Email: support@thetradingpit.com

Phone: +4232379000

The Trading Pit Alternatives

Here is a list of the best The Trading Pit alternatives:

Futures alternatives:

Forex alternatives:

For more alternatives check our alternative prop firm tool:

Get Alternatives To Any Prop Firm

Recap

  • The Trading Pit is a prop trading firm based in Liechtenstein.
  • You can get a funded account with up to $5,000,000 in balance and up to an 80% profit split payout.
  • To get access to a funded account you need to pass a challenge, with different rules and phases, depending on the account type that you want to apply to.
  • You can trade Forex and real Futures.
  • The popular MetaTrader platform is available to trade Forex.
  • Amongst others, you can trade Futures using a free Rithmic platform.

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