The Trading Pit Review
3.8

The Trading Pit Review

The Trading Pit is a forex prop firm with an attractive Two-step challenge. They offer up to $100,000 in funding to traders.

The Trading Pit is a forex prop firm with an attractive Two-step challenge. They offer up to $100,000 in funding to traders.

Pros
  • Expanding the scaling plan to €5,000,000
  • Achieving an outstanding Trustpilot rating of 4.6/5
  • Offering a diverse selection of trading instruments
  • Setting a minimal trading day requirement of just 3 days
  • Providing a profit-sharing structure of up to 80%, scalable as needed
  • Presenting various upgrade options for users
  • Allowing overnight and weekend holding
  • Permitting news trading within the platform
Cons
  • Initial profit share starting at 50% or 60%
  • Implementation of a trailing drawdown feature upon funding

What is The Trading Pit?

Logo of The Trading Pit

The Trading Pit is a privately owned company with its main office located in Liechtenstein and other branches in Cyprus, Spain, and Canada. In addition, they maintain subsidiaries in Germany, Italy, Egypt, China, Vietnam, & Uruguay. Prospective traders can oversee accounts with sizes ranging from €100,000 to €5,000,000 through a scaling plan. 

The profit-sharing scheme varies from 50% to 80%. The company has included its technology with two brokers, FXFlat and GBE Brokers, and intends to broaden its collaborations with more brokers.

The company operates as The Trading Pit Challenge GmbH and is registered with the number FL-0002.693.417-1. The company has been operational since May 2021, with its corporate offices located at Landstrasse 63, 9490 Vaduz, Liechtenstein.

The Trading Pit seeks to position itself as the emerging worldwide benchmark in trading & investing. They provide traders with the necessary information and tools to become effective partners in the organization. Prospective-funded traders face a challenge to demonstrate their trading expertise and self-control. After successfully finishing the challenge, members have the right to receive a portion of their future earnings, which can range from 50% to 80%.

Thomas Hoyden (Chief Executive Officer) at The Trading Pit 

Thomas Heyden, the CEO of The Trading Pit, is an experienced executive with a highly accomplished education. After completing his studies in finance, insurance, & capital market theory at Johann-Wolfgang-Goethe University, he graduated with honors. Thomas is a certified financial analyst with a wealth of experience working for both German banks & international investment firms.

Thomas has exhibited proficiency by successfully initiating and overseeing numerous investment funds via his duly authorized organization. In 2009, he was honored with the German Fund Award for his exceptional investment fund, which further acknowledged his achievements.

In addition to his investment in fund management and trading, Thomas has been instrumental in minimizing commodity price risks for prominent German corporations and Europe’s largest public transportation organizations. 

He is highly knowledgeable and in demand as a lecturer on commodities prices and foreign exchange issues, specifically for medium-sized firms in Germany. Thomas Heyden possesses extensive expertise and experience in his position as CEO of The Trading Pit.

The Trading Pit  Funding Programs and Challenges: Rules and Requirements 

The Trading Pit provides its traders with a selection of four one-step challenge accounts to pick from.

  • One-step challenge program account

The Trading Pit has launched a new CFD challenge account that aims to acknowledge and incentivize proficient and committed traders based on how they perform in a single evaluation session. This program provides a one-step challenge for individuals to engage in trading with a leverage ratio of 1:30.

Traders must meet a profit goal of 10% during the review period, although accounts with €100k have a slightly lower aim of 8%. Participants are required to adhere to the guidelines of a maximum daily loss of 5% and a maximum loss of 10%. 

A trailing drawdown is implemented for accounts with balances of €10,000 and €20,000, whilst a static drawdown is implemented for accounts with balances of €50,000 and €100,000. The assessment phase has a strict time limit of 90 consecutive days, during which traders are required to engage in trading activities for a minimum of three days to advance to a funded account.

Upon completing the one-step challenge, people will be awarded a funded account with a profit target of either 8% or 10%, depending on the size of their account. The 5% limit on daily losses is still obligatory, but the maximum decline is now regulated by a rule that allows for a trailing loss of up to 10%.

Upon reaching their profit target, members have the option to seek an initial profit split of either 50% or 60%, depending on the size of their account. This accomplishment enables them to expand their account to the next level. 

Additional withdrawals can only be made after achieving the subsequent 10% profit milestone. The percentage of profit to be shared in future withdrawals will vary between 50% and 80%, depending on the individual’s starting account size as well as the current level of their trading account.

One-step Challenge Account Scaling Plan

The one-step challenge account includes a scalability strategy. Someone must achieve a profit goal of either 8% or 10% based on the initial account balance, which will vary depending on the size of the account. It is important to be aware that the scale varies between €500,000 and €5,000,000, depending on the amount of the account they are trading on.

Below, find the scaling plan for the two-step challenge accounts:

Levels Account Balance Profit TargetDaily Drawdown(STATIC)Max Drawdown(Tarling On Open Positions)Profit Share %Payout WithdrawableAt Every Level 
Level 1€10,00010%5%10%50%€500
Level 2€20,00010%5%10%50%€1,000
Level 3€40,00010%5%10%55%€2,200
Level 4€60,00010%5%10%55%€3,300
Level 5€100,00010%5%10%60%€6,000
Level 6€150,00010%5%10%60%€9,000
Level 7€200,00010%5%10%65%€13,000
Level 8€250,00010%5%10%65%€16,250
Level 9€350,00010%5%10%65%€22,750
Level 10€500,00010%5%10%70%€35,000
  • Standard Challenge Account Scaling Plan
Levels Account Balance Profit TargetDaily Drawdown(STATIC)Max Drawdown(Tarling On Open Positions)Profit Share %Payout WithdrawableAt Every Level 
Level 1€20,00010%5%10%50%€1,000
Level 2€40,00010%5%10%50%€2,000
Level 3€60,00010%5%10%55%€3,300
Level 4€80,00010%5%10%55%€4,400
Level 5€100,00010%5%10%60%€6,000
Level 6€150,00010%5%10%60%€9,000
Level 7€200,00010%5%10%65%€13,000
Level 8€250,00010%5%10%65%€16,250
Level 9€500,00010%5%10%65%€32,500
Level 10€750,00010%5%10%70%€52,500
  • Executive Challenge Account Scaling Plan
Levels Account Balance Profit TargetDaily Drawdown(STATIC)Max Drawdown(Tarling On Open Positions)Profit Share %Payout WithdrawableAt Every Level 
Level 1€50,0008%5%10%60%€2,400
Level 2€100,0008%5%10%60%€4,800
Level 3€150,0008%5%10%60%€7,200
Level 4€200,0008%5%10%65%€10,400
Level 5€300,0008%5%10%65%€15,600
Level 6€400,0008%5%10%70%€22,400
Level 7€500,0008%5%10%70%€28,000
Level 8€650,0008%5%10%75%€39,000
Level 9€850,0008%5%10%75%€51,000
Level 10€1,000,0008%5%10%80%€64,000
  • VIP Challenge Account Scaling Plan
Levels Account Balance Profit TargetDaily Drawdown(STATIC)Max Drawdown(Tarling On Open Positions)Profit Share %Payout WithdrawableAt Every Level 
Level 1€100,0008%5%10%60%€4,800
Level 2€150,0008%5%10%60%€7,200
Level 3€200,0008%5%10%65%€10,400
Level 4€300,0008%5%10%65%€15,600
Level 5€400,0008%5%10%70%€22,400
Level 6€500,0008%5%10%70%€28,000
Level 7€650,0008%5%10%75%€39,000
Level 8€850,0008%5%10%75%€51,000
Level 9€1,000,0008%5%10%80%€64,000
Level 10€5,000,0008%5%10%80%€320,000

The accessible trading instruments for one-step challenge accounts encompass a wide range of options, including FX pairings, commodities, indices, bonds, stocks, and cryptocurrencies.

One-step Challenge Account Rules

  • Profit Target: A predetermined % of the profit that traders should attain to successfully conclude an evaluation period, extract earnings, or expand the size of their accounts. The one-step challenge sets the profit target at either 10% or 8%, based on the size of the account. Funded accounts adhere to a profit target of either 8% or 10% to withdraw profits and scale the account. The specific profit target depends on the size of the initial account.
  • Maximum Daily Loss: The highest permissible amount of daily loss for traders before the account is deemed to be in violation. Irrespective of the total amount of the account’s balance, the maximum daily loss is capped at 5%.
  • Maximum Loss: It refers to the highest permissible cumulative loss that can occur before an account is deemed to have been in breach. During the evaluation phase, all account sizes have a maximum loss threshold of 10%.
  • Maximum Trailing Drawdown: The maximum drawdown refers to the largest decline in an account’s balance from its peak value. Once the funded status is achieved, all account sizes will have a maximum trailing drawdown of 10%. It is important to be aware that account sizes of $10,000 and $20,000 also encounter tail drawdowns throughout the review phase.
  • Minimum Trading Days: The minimum period during which traders must participate in trading before concluding an evaluation stage or making a withdrawal request. The evaluation step mandates a minimum trading day prerequisite of 3 days.
  • Maximum Trading Days: The uppermost timeframe in which traders are required to achieve a particular profit or withdrawal objective. The evaluation phase has a trading duration limit of 90 trading days.
  • No Copy Trading Allowed: Traders are not permitted to use any type of copy trading services on the site.

Upgrade Options For the Two-step Challenge Account

Account Size Reset Option Fee Extend Option Fee
€10,000€49€99
€20,000€85€179
€50,000€120€399
€100,000€299€999

1. Reset option: If, someone qualifies for a fresh start at a reduced cost. A new account will be created, granting access to the remaining duration of the challenge. If someone opts to reset the account within five days after the initial transaction, the newly created account will commence with the remaining 85 days. There is no restriction on the number of resets one can obtain. In the event of an account breach, users will be sent an email containing a distinctive link that enables them to reset & continue their challenge.

2. Option 2: Someone has the opportunity to purchase an extension that will meet the requirements. For instance, if anyone has a remaining duration of three days before the challenge concludes, then have the opportunity to prolong the trading period by an extra 90 calendar days.

The Trading Pit  Broker: Do They Use a Reliable Platform? 

The Trading Pit supports trading on both МТ4 and МТ5 platforms. Customers have the option to employ renowned exclusive trading software like ATAS, Quantower, Rithmic, & Bookmap Market Data Analysis & Trading Platform. By conducting a comparison analysis, these platforms stand out as the top options in the fields they serve. 

The Trading Pit’s unique trading infrastructure facilitates the incorporation of additional solutions, such as Volume Trader. The Trading Pit offers a wide range of functions and instruments to promote effective trading experiences. 

In addition, the company offers possibilities for professional development through seminars, webinars, & a unique mentorship program.

The Trading Pit Fees: How Much Do They Charge? 

Trading Commission: 

AssetsFee Terms 
Forex Prices vary 
Commodities Prices vary 
Indices Prices vary 
Bonds Prices vary 
Stocks Prices vary 
Crypto Prices vary 

For further information about The Trading Pit’s commission system, please refer to this source.

Spread:

To verify the real-time spreads, please log in to the trading account provided below:

qA4 HQhu8CdOy4ZnwyvoM6Nv9Pg hEX91mxFcgEV1 58Na BYvBE moVf tjyBPcqyghaJGwk5arPHGQ

The Trading Pit  Proof of Payment:

The Trading Pit is a trading firm that was legally established in February 2022. Traders affiliated with The Trading Pit have the option to request a payout after they attain funded status and reach their initial profit target of either 8% or 10%. Profit targets for financed traders have no time constraints. 

Traders receive a profit split ranging from 50% to 80%, which is determined by the amount of their funded account and the level of scaling they have accomplished.

The Trading Pit Customer Support: 

The Trading Pit acknowledges the significance of accessibility and involvement in the trading industry, and this principle is evident in its broad presence on various social media platforms.

Below are the different channels where you may locate and engage with The Trading Pit:

  1. Facebook Page: The Trading Pit has a Facebook page that is both informational and engaging, and it has a membership of 1.2K. 
  1. Instagram: The Trading Pit’s Instagram account is flourishing, boasting a following of 6,3062 individuals. This platform delivers a visually immersive experience into the realm of trade, offering a distinct viewpoint on the company’s actions and accomplishments. It serves as a catalyst for traders’ creativity and a means of maintaining connectivity with the community.
The Trading Pit reviews on Instagram
  1. Twitter: The Trading Pit has amassed a community of 4,070 followers on the social media platform Twitter. This platform serves as a dynamic space for real-time updates, news, and interactions with the trading community. To stay informed about the newest updates and engage in discussions with like-minded individuals, traders can subscribe to their Twitter account.
The Trading Pit reviews on Twitter
  1. YouTube: The Trading Pit has a YouTube channel that is educational and engaging, with a total of 2.03K subscribers. This channel offers a compilation of 566 uploaded videos, which serve as a valuable resource for traders of all proficiency levels. The YouTube channel complements The Trading Pit’s products by delivering educational videos and providing visual insights into the world of trading.
The Trading Pit reviews on YouTube
  1. Support and FAQ Page: The Trading Pit has created a thorough FAQ page to provide information and support to individuals who are looking for answers regarding the company, its products and services, and the trading program. Hence, The Trading Pit provides a FAQ page that contains full details regarding the firm. 

The support team can be reached through their live chat & social media platforms, or you may choose to directly contact them via email at help@thetradingpit.com.

To obtain additional information, please call The Trading Pit at the following telephone number: +4986774014100. In addition, you may also contact their support team via their Discord channel, wherein they will willingly address all of the issues.

What Makes The Trading Pit Unique? 

The Trading Pit is a proprietary trading firm that provides a distinctive one-step evaluation challenge with greater flexibility in trading regulations. Traders have permission to retain transactions overnight and during the weekend, and they also can execute news trading pending orders.

Before receiving rewards, traders must complete a one-step challenge, which involves a single-phase examination. The profit target varies between 8% and 10%, while the maximum daily loss is capped at 5%. However, there is a possibility of incurring a maximum loss of 10%, which is contingent upon the original amount of the account. 

Accounts with €10,000 and €20,000 experience trailing drawdowns, whereas accounts with €50,000 and €100,000 have static drawdowns. The review phase must be concluded within a timeframe of 90 days, and traders are required to engage in trading activities for a minimum of three days before switching to funded status.

After receiving funding, traders do not have a specific maximum time limit for achieving their profit aim. Attaining success enables the submission of withdrawal requests and enables the account to be scaled up to the next level. Furthermore, the maximum drawdown applies to all account sizes and is calculated over a trailing period.

The one-step challenge account incorporates a scaling strategy that includes restrictions on average drawdown and relatively low minimum trading day criteria. This characteristic distinguishes The Trading Pit from other prominent proprietary enterprises in the sector.

The Trading Pit distinguishes itself by providing lenient trading regulations that permit news trading, holding positions overnight, and maintaining deals throughout the weekend. In addition, they offer a distinctive single-step evaluation challenge along with a scaling plan that distinguishes them from other proprietary organizations.

The Trading Pit Reviews: What Do Their Customers Say?

Trustpilot: 

The Trading Pit has received a rating of 4.6 out of 5 stars on Trustpilot, based on reviews from a total of 239 consumers. 

The Trading Pit reviews on Trustpilot

#1. Mohammad Khot emphasized that the transparency of the scaling plan sets it apart from all others. Straightforward and unambiguous guidelines that are accessible to all individuals. An excellent customer support assistant as well. Although there may be a slight delay, difficulties, and issues are resolved promptly.

The Trading Pit complaints on Trustpilot

#2. One of The Trading Pit’s customers, Hassan Elaamrani, shared his insights by expressing that he lacks any prior knowledge in this matter. 

The Trading Pit complaints on Trustpilot 2

#3. The user stated that The Trading Pit, a corporation, has been difficult to use.

The Trading Pit responded accordingly. 

Greetings, Mr. Half! We apologize for the inconvenience caused by the complexity of our service. We are available to provide assistance and offer clarification for any inquiries you may have. Contact us at support@thetradingpit.com. We may also arrange a phone call if you like.

#4. AGA expressed their discontent. Exercise caution! They unilaterally alter situations. The leverage was reduced from 1:30 to 1:20 overnight, and a notification was given by email. In the EURUSD market, the maximum number of lots that can be bought or sold is limited to 11. 

The proliferation of the spread undermines nearly all scalping strategies. However, the customer service is exceptionally courteous and assures you that they will promptly address your grievances. Although they may be pointless, they are at least pleasant. He will personally continue to work at other proprietary firms and advise everyone to do the same.

The Trading Pit complaints on Trustpilot 3

Conclusion

In summary, The Trading Pit is a well-regarded proprietary trading firm that offers traders the option to select from a range of one-step challenge accounts of different sizes, providing them with flexibility.

The one-step challenge account has a streamlined review process that requires traders to complete it to achieve funded status and qualify for profit sharing. Achieving profit targets of either 10% or 8% during the evaluation phase is a feasible goal, particularly considering the limitations of a maximum daily drawdown of 5% and a maximum loss of 10% applied in both evaluation stages. 

The attainment of these targets is reliant on the original account size. During the evaluation period, account sizes of €10,000 and €20,000 exhibit a trailing drawdown, whilst account sizes of €50,000 and €100,000 display a static drawdown. 

Once the funding is secured, the maximum drawdown shifts to trailing for accounts of any size. The one-step challenge account offers traders the chance to secure profit splits ranging from 60% to 80% and allows them to potentially increase the size of their accounts.

The one-step challenge program of this prop firm provides favorable conditions and loosened trading restrictions, making it suitable for individuals with varied trading styles. After careful evaluation of all the offerings provided by The Trading Pit, it stands out as an attractive option in the proprietary trading firm sector.

The Trading Pit Review Details

Trading Platforms
Deposit Methods
Withdrawal Methods
Account Currencies
Trading Programs
Incorporation

Account size up to:
€5,000,000
Profit Split Up to 80%
*Choose your account type and start trading

3.0
Fees
4.0
Trading Platforms
4.0
Deposit and Withdrawal
4.0
Customer Support
3.8 Overall Rating

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The Trading Pit Review
3.8/5
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