Click Here | About The Trading Pit
The Trading Pit® is a global multi-asset prop trading firm that is dedicated to revolutionizing the world of trading and investing. With a commitment to making trading universally accessible, they provide traders with innovative technology and tools to help them reach their full potential.
Year Founded: The Trading Pit was established in 2022.
Founder and CEO: The Trading Pit was founded by Illimar Matus, who is also the founder of Tickmill.
Office Address: The Trading Pit operates from Liechtenstein.
Challenge Summary: The Trading Pit offers comprehensive evaluation systems for Forex and Futures traders. The challenges are structured to assess traders’ risk management skills, ability to meet profit targets, and adherence to specific trading rules.
Main Trading Rules for Challenges:
- Profit Targets:
- Phase 1 (Forex & Futures): 10%
- Phase 2 (Forex & Futures): 8%
- Subsequent Phases: 5%
- Drawdown Limits: Maximum drawdown up to 10%.
- Daily Loss: Up to 5% of the initial balance is allowed.
Trading Platforms: The Trading Pit provides access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), popular platforms used by retail and professional traders.
Payment Methods: Payments can be processed through
- Perfect Money.
- Apple/ Google Pay.
- Cyptocurrency.
- Neteller/Skrill.
The Trading Pit Specific Trading Rules:
- Expert Advisors (EAs): Allowed but restricted to proprietary or self-developed strategies only.
- Copy Trading: Not permitted.
- News Trading: Allowed, but trading must cease two minutes before and after major news events.
- Weekend Holding: Information about weekend holding is currently not available.
- No Hedging: Hedging is not permitted during evaluations.
- Stop Loss: Optional but recommended for effective risk control.
Scaling Plan: The Trading Pit features a scaling plan allowing traders to increase their accounts based on performance.
- Classic Challenge Scaling Plan: Traders can scale their accounts up to $5 million, with growth contingent on performance and consistency over time.
- Prime CFD Challenge Scaling Plan: This plan is designed for advanced traders, allowing for rapid scaling with leverage of up to 1:100 on CFDs, offering a no-time-limit challenge for flexibility in meeting profit targets.
- Scaling Objectives: Traders can see their account balance increase by +25% after:
- Active trading for 3 months.
- Receiving at least 2 payouts.
- Achieving an overall profit of +10%.
Refund Fees: The Trading Pit refunds the challenge entry fee after the first payout to successful traders, providing a significant incentive for profitable trading.
Key Information:
- Founded Since: 2022
- Headquarters: Liechtenstein
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Scam alert!
Scam alert!!!I was passed my 100k account and then suddenly they terminate my account and my refund was also not offered by them when I want refund they totally deny
Konto wird deaktiviert obwohl
Konto wird deaktiviert obwohl die 21 Tage Inaktivität nicht gegeben sind. Benutzt lieber FTMO anstatt so ein Schmutz.
i was passed my phase 1 and trading pit…
i was passed my phase 1 and trading pit suspended my account without any reason and now they didnot even refund my amount its ridiculous
I was expecting better Just opened my computer to start my trading session to find out that daily pause was breached due two imaginary trades that they claim I opened. I am totally frustrated with the experience, I don’t consider them.
I was expecting better
Just opened my computer to start my trading session to find out that daily pause was breached due two imaginary trades that they claim I opened.
I am totally frustrated with the experience, I don’t consider them.
Normas para retos. Imagina para los retiros…
Queria comentar que wsi para pasar el desafio te ponen como 20 nomras que aplican ellos y no puedes reclamar a nadie porque estan en listetein, imagina que pasas el reto y ganas dinero que normas te aplicarian para los retiros quizas te aplican una anorma que no estas deacuerdo y luego no puedes retirar el dinero que has gernerado si el reto son 100 euros y ponen atntas norams para los retiros no se que pasar´y no puedes reclamara facilemente
Molto buona
L’esperienza è stata molto positiva. Facile acquistare la sfida e ricevere le credenziali. Le regole sono giuste ed equilibrate. L’unica cosa un pò negativa è che per avere il Payout non viene messo in evidenza che occorre completare il NYC per cui si perde tempo a scrivere all’assistenza ed ottenere le risposte. Per il resto molto buono.
The Best Prop Firm Company
The Best Prop Firm Company ,, Stropng Support, and Payout Recieved
Thank You for all You are doing to make the Traders make their Best.
TheTradingPit has exceeded my expectations.
TheTradingPit has exceeded my expectations. Their team is incredibly professional, always ready to answer questions, no matter how many you have. I’m thoroughly satisfied with the service they provide.
So Far not bad
So Far not bad, they just need to improve the leverage, also to change the trailing DD to be Static like most of propfirms
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