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:
The Trading Pit is a prop firm located in Liechtenstein.
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:
If you want to trade Futures, you have access to these instruments:
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.
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.
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.
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.
This challenge lets you apply for an account with a starting balance of €10,000.
Here are all the rules:
This challenge has one single phase. Once you pass it, you get funded with a 50% but up to 70% profit split
This challenge lets you apply for an account with a starting balance of €20,000.
Here are all the rules:
This challenge has one single phase. Once you pass it, you get funded with a 50% but up to 70% profit split
This challenge lets you apply for an account with a starting balance of €50,000.
Here are all the rules:
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
This challenge lets you apply for an account with a starting balance of €100,000.
Here are all the rules:
This challenge has one single phase. Once you pass it, you get funded with a 60% but up to 80% profit split
This challenge lets you apply for an account where you can trade with up to 10 micro contracts.
Here are all the rules:
This challenge has 1 single phase. Once you pass it, you get funded with a 60%, and up to 70% profit split.
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:
This challenge has 1 single phase. Once you pass it, you get funded with a 60%, and up to 70% profit split.
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:
This challenge has two phases. Once you pass them, you get funded with a 60% and up to 80% profit split.
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:
This challenge has two phases. Once you pass them, you get funded with a 60% and up to 80% profit split.
You can use EAs/robots to trade but there are a few restrictions:
Currently, the prop firm doesn’t offer free trials to traders.
There are no free repeats, but there’s a reset option in case you breach any rule.
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:
If you have a license, you can also use one of these platforms:
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.
Yes, The Trading Pit is a legit company.
Here are their contacts:
Address: Landstrasse 63, 9490 Vaduz, Liechtenstein
Email: support@thetradingpit.com
Phone: +4232379000
Here is a list of the best The Trading Pit alternatives:
Futures alternatives:
Forex alternatives:
For more alternatives check our alternative prop firm tool:
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