The Trading Pit Review (10% Discount Code: FOREXPROPREVIEWS) (2024)

The Trading Pit has the goal of being the new global standard in trading and investing. They equip traders with the knowledge and tools that are necessary to become successful partners of the firm. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $100,000 and receive up to 80% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.

Who are The Trading Pit?

The Trading Pit is a proprietary trading firm with the legal name The Trading Pit Challenge GmbH that was incorporated in February 2022. They are located in Vaduz, Liechtenstein, as well as in Limassol, Cyprus and Alcobendas, Madrid, and are being managed by CEO Thomas Heyden.The Trading Pitprovides traders with the opportunity to choose between a single one-step evaluation while being partnered withFXFlat and GBE Brokersas their broker.

The Trading Pit headquarters are located at Landstrasse, 63 9490 Vaduz, Liechtenstein.

Who is the CEO of The Trading Pit?

Thomas Heyden is the CEO of The Trading Pit, who studied finance, insurance, and capital market theory at the Johann-Wolfgang-Goethe University and graduated successfully. He is a certified financial analyst who has worked for German banks and international investment houses.

Thomas has launched and managed multiple investment funds for his own regulated company. He has also received the German Fund Award for his investment fund back in 2009.

In addition to his work in the fund management and trading industries, he was also responsible for hedging commodity price risks for major German companies and the largest public transport companies in Europe. He is a very desirable speaker on commodity prices and foreign exchange risks for medium-sized businesses in Germany.

Video Review

Funding Program Options

The Trading Pit provides its traders with a single funding program option.

CFD Challenge

The Trading Pit’sCFD Challenge provides traders with the opportunity to manage account sizes ranging from $10,000 up to $100,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The CFD Challenge allows you to trade with leverage up to 1:20.

The evaluation phase requires a trader to reach a profit target of 10%, except if you are managing a $100k account, where you have to reach a profit target of 8% while not surpassing the 5% maximum daily or 10% maximum loss rules. Note that $10,000 and $20,000 account sizes have a trailing drawdown, while the $50,000 and $100,000 accounts have a static drawdown. When it comes to time limitations, note that you have 90 calendar days to reach the profit target during phase one. Additionally, you are also required to trade for a minimum of 3 calendar days in order to a funded account.

By completing the evaluation phase, you are awarded a funded account with an 8% or 10% profit target, depending on your account size. You must respect the 5% maximum daily loss and 10% maximum trailing loss rules. Your first payout is when you manage to hit your 10% profit target if you are managing a $10,000 or $20,000 account. However, if you are managing a $50,000 or $100,000 account, your first payout is when you manage to hit your 8% profit target. Your future payouts can be requested only when you hit your next 8% or 10% profit target, depending on the account size that you are managing, which will also scale your account to the next scale level account size. Your profit split will be 50% up to 80% based on the profit you make on your funded account, depending on your initial account size and the scaling level of your trading account.

CFD Challenge Scaling Plan

The one-step challenge account also has a scaling plan. You are required to reach a profit target of 8% or 10% based on your initial account balance, depending on your account size. Note that the scaling ranges from $500,000 up to $5,000,000, depending on the account size that you are trading on.

Lite Scaling Plan

Standard Scaling Plan

Executive Scaling Plan

VIP Scaling Plan

CFD Challenge Trading Rules & Objectives

• Profit Target– Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 8% or 10%, depending on the initial account size. Funded accounts also have an 8% or 10% profit target requirement in order to withdraw and scale your account balance, depending on your initial account size.
• Maximum Daily Loss– The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
• Maximum Loss– The maximum loss limit a trader is allowed to lose overall without breaching the account. The $50,000 and $100,000 account sizes have a maximum loss of 10%.
• Maximum Trailing Loss– The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. The $10,000 and $20,000 account sizes have a maximum trailing loss of 10%.
• Minimum Trading Days– The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. The evaluation phase has a minimum trading day requirement of 3 days.
• Maximum Trading Period–The maximum trading duration during which you must reach your required profit target and conclude your evaluation phase. The evaluation has a maximum trading period of 90 calendar days.
• No News Trading– Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news.

What Makes The Trading Pit Different From Other Prop Firms?

The Trading Pit differs from mostindustry-leading prop firmsdue to offering a single account type, a one-step evaluation. In addition, they also provide numerous favorable features, such as a 90 calendar-day trading period, reduced minimum trading days, two unique upgrade options, and a scaling plan up to $5,000,000.

The Trading Pit’s CFD Challenge is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 8% if you are managing a $100,000 account. However, if you are managing a $10,000, $20,000, or $50,000 account size, the profit target is 10%. When it comes to drawdown limitations, if you are managing a $50,000 or $100,000 account, you have a 5% maximum daily and 10% maximum loss rules to follow. However, if you are managing a $10,000 or $20,000 account, you have a 5% maximum daily and 10% maximum trailing loss rules to follow. You also have a 3 minimum trading day requirement during the evaluation phase, as well as a maximum trading period of 90 calendar days. The CFD Challenge also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the CFD Challenge stands out mainly for having a 90 calendar-day trading period, reduced minimum trading days, two unique upgrade options, and a scaling plan up to $5,000,000.

Comparison between The Trading Pit & SurgeTrader

Comparison between The Trading Pit &True Forex Funds

Comparison between The Trading Pit & Finotive Funding

In conclusion, The Trading Pit differs from otherindustry-leading prop firms by offeringa single account type, a one-step evaluation. In addition, they also provide numerous favorable features, such as a 90 calendar-day trading period, reduced minimum trading days, two unique upgrade options, and a scaling plan up to $5,000,000.

Is Getting The Trading Pit Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

• Receiving capital from the CFD Challenge is realistic primarily due to its average profit targets (8% or 10%, depending on the initial account size) coupled with above-average maximum loss rules (5% maximum daily and 10% maximum loss or 5% maximum daily and 10% maximum trailing loss, depending on the initial account size). It is important to note that there is a maximum trading period of 90 calendar days, with a minimum trading day requirement of 3 calendar days. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 50% up to 80%.

After considering all the factors,The Trading Pitis highly recommended since you have a single funding program to choose from, which features realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

The Trading Pit is a proprietary trading firm that was incorporated in February 2022. They have a large community of traders who have reached funded status and successfully qualify for a profit split.

While working with The Trading Pit and reaching funded status with the CFD Challenge, you will be eligible to receive your first payout after you manage to hit your 8% or 10% profit target. However, after your first payout, you will be eligible to receive your payouts if you manage to hit your 8% or 10% profit target. Your profit split will consist of a generous 50% up to 80% based on the profit that you generated on your funded account.

When it comes to The Trading Pit payment proof, you can find it on numerous websites. One example isTrustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof ofThe Trading Pitis theirDiscordchannel andYouTubechannel, where you can find numerous payout certificates and interviews of the most successful traders.

Examples of Payout Certificates and Payment Proof can be seen in the images below.

Which Broker Does The Trading Pit Use?

The Trading Pit is partnered with FXFlat and GBE Brokers as their broker.

FXFlat is a first-class online brokerage. They are a liquidity provider with company headquarters located in Germany, which offers traders reliability with high standards. They originally started as a CFD and Forex broker. However, they expanded and are now additionally offering the entire spectrum of asset classes and financial instruments to their traders.

GBE Brokers is a regulated CFD broker with a German office in the Port of Hamburg. They have a young and professional team that has been deliberately put together in a multicultural way so that traders can benefit from their international and extensive banking and financial market experience.

As for trading platforms, while you are working with The Trading Pit, they allow you to trade onMetaTrader 4orMetaTrader 5if you chooseFXFlat, and if you chooseGBE Brokers, you also have the option to trade onMetaTrader 4orMetaTrader 5.

Trading Instruments

As mentioned above, The Trading Pit is partnered with FXFlat and GBE Brokers, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, stocks, and cryptocurrencies with a leverage of up to 1:20, depending on the trading instrument that you are trading.

FX Flat Forex Pairs

FX Flat Commodities

FX Flat Indices

FX Flat Cryptocurrencies

GBE Broker Forex Pairs

GBE Brokers Commodities

GBE Brokers Indices

GBE Brokers Cryptocurrencies

As mentioned above,The Trading Pitalso allows you to trade a wide range of stocks. To view the full list, please refer to the Spread Account below, which will enable you to log into the MetaTrader 4 or MetaTrader 5 trading platform and view the complete list of available stocks.

Trading Fees

Trading Commission

Spread Account

To check the live spreads, log in to the trading account below.

Education

The Trading Pit provides its community with a detailedBlogwith valuable educational articles.

Additionally, The Trading Pit also provides its community with the following educational and trading tools:

• Ebooks
• Webinars
• Podcasts
• Videos
• Infographics
• Glossary
• Press Releases
• LiveSquawk
• StereoTrader
• Economic Calendar
• CME Heatmap

Lastly, The Trading Pit also provides traders with a well-developed trading dashboard, making it easier to follow your trading progress with the numerous live statistics of all trading objectives.

Trustpilot Feedback

The Trading Pit has gathered an excellent score onTrustpilotbased on their community’s feedback.

On Trustpilot, The Trading Pit has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 4.4 out of 5 from a substantial pool of 297 reviews. Notably, 86% of these reviews have awardedThe Trading Pitthe highest rating of 5 stars.

The first comment shows the client praising The Trading Pit for its unparalleled transparency in the scaling plan. They appreciate the simplicity and clarity of the rules, making it accessible to everyone. Additionally, the client acknowledges the excellent support service, noting that while response times may be slightly longer at times, problems and issues are resolved quickly and efficiently.

The client describes their experience with The Trading Pit as exceptional, praising the services, follow-up, and systematic approach designed to provide traders with the best possible experience in the industry. They express anticipation for a long-term trading career while utilizing all the resources and support provided by The Trading Pit.

Social Media Statistics

The Trading Pit can also be found on numerous social media platforms.

Customer Support

Conclusion

In conclusion,The Trading Pitis a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose a single funding program, the CFD Challenge, which is a one-step evaluation.

The Trading Pit’s CFD Challenge is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 50% up to 80% profit splits. Traders must reach a profit target of 8% if they are managing a $100,000 account to become successfully funded. However, if you are managing a $10,000, $20,000, or $50,000 account size, the profit target is 10% to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow if you are managing a $50,000 or $100,000 account. However, if you are managing a $10,000 or $20,000 account, you have a 5% maximum daily and 10% maximum trailing loss rules to follow. Regarding time limitations, you have a 3 minimum trading day requirement during the evaluation phase, as well as a maximum trading period of 90 calendar days. Finally, it’s essential to note that CFD Challenge features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommendThe Trading Pitto individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with favorable features, such as a 90 calendar-day trading period, reduced minimum trading days, two unique upgrade options, and a scaling plan up to $5,000,000. After considering everythingThe Trading Pithas to offer to traders all across the globe, they are indeed a desirable choice within the prop trading industry.

Our detailed review of The Trading Pit was last updated on 06.03.2024 at 09:15 (CE(S)T).

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