REVIEW SUMMARY
The Trading Pit is a Futures, and Forex prop firm, located in Liechtenstein. It was founded in 2021.
FEATURES
Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto, Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.
Max balance: $5,000,000
Profit split: up to 80%
Cost: from €99
Platforms: MT4, MT5, NinjaTrader, Rithmic, Volfix, ATAS, SierraChart, MotiveWave, Bookmap X-Ray, Jigsaw Daytradr.
PROS & CONS
What I like:
What could be improved:
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 €5,000 and €200,000. The price to take the challenge is €49 for the smaller account and up to €1139 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 1:50. 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 profit share depends on the account type.
For the Prime accounts, it’s 80%, either for the one-phase or two-phase evaluations.
For the Classic accounts, the profit share starts 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 share also depends on the account type.
For the Prime accounts, the profit share is fixed at 80%.
If you go to the Classic accounts, the profit split starts at 60% or 70% depending on your account size, and can increase up to 80%, as you move up on the scaling plan levels.
Payout frequency
Payouts are now processed twice a week. If you like the possibility of withdrawing often, this is a positive point for a good fit between you and this firm.
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.
The Classic challenge lets you apply for an account with a starting balance from €10,000 and up to $100,000.
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 Prime challenge lets you apply for an account with a starting balance from €5,000, up to $200,000.
Here are all the rules:
This challenge has one single phase. Once you pass it, you get funded with an 80% profit split
The Prime challenge also has this 2-phase variation if that’s what you prefer. Like the other Forex challenges, you can apply for an account with a starting balance of €5,000 and up to $100,000.
Here are all the rules:
This challenge has two phases. Once you pass them, you get funded with an 80% profit split.
This 1-phase challenge lets you apply for an account where you can trade from 10 micro contracts up to 50 micros (or 5 standard). The balances available are $20,000 and $150,000. Quite a big gap in between.
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 is the 2-phase version of the classic challenge. This challenge lets you apply for an account where you can trade with up to 70 micro contracts (7 standard) and up to 100 micros contracts (10 standard).
Here are all the rules:
This challenge has 2 phases. Once you pass it, you get funded with a 60% (smaller account) to 70% (bigger account) and up to 80% profit split on both accounts.
This challenge lets you apply for an account where you can trade with up to 150 micro contracts or 15 standard contracts. It has three account sizes available: $50,000, $100,000, and $150,000.
Here are all the rules:
This challenge has only one single phase. Once you pass them, you get funded with an 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.
Here are all the payment types accepted by The Trading Pit:
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:
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