FXCI
Use promo code "FUNDEDTRADING" and get 15% discount. Challenge cost $42, funding amount $5K!
The Trading Pit Analysis: Choose CFD or Futures and Maximise Profits
The Trading Pit provides 50% to 80% returns, training and funding for traders up to $100,000! They have a simple programme and loyal conditions for traders of different levels. With a high rating on TrustPilot of 4.3 they maintain a high level of quality and reliability.
Updated 27-07-2024
Pros
- High Trustpilot Rating: Exceptional Trustpilot score of 4.3/5 reflects strong customer satisfaction.
- Multiple Upgrade Options: Offers two unique upgrade paths for advancing trading careers.
- Professional Trader Dashboard: Access a sophisticated dashboard for efficient trading operations.
- Wide Range of Instruments: Trade diverse assets including Forex pairs, Commodities, Indices, Stocks, and Cryptocurrencies.
- Scalable Plan: Opportunity to scale up trading accounts based on performance.
- Extended Holding Period: Allows overnight and weekend trading flexibility.
- Profit Share: Earn generous profit shares ranging from 50% to 80%.
- No Minimum Withdrawal Requirements: Funded accounts have no constraints on minimum withdrawal amounts.
- Transparent Fee Structure: Clear and upfront pricing without hidden fees.
- Educational Support: Comprehensive mentorship and educational resources for career advancement.
Cons
- Low Leverage: Limited leverage up to 1:30 may restrict trading strategies.
- Minimum Trading Day Requirement: Requires a minimum of 3 trading days, which may be restrictive for some traders.
- Initial Profit Share: Starts with a profit share of 50% or 60%, potentially lower compared to some competitors.
Pros
- High Trustpilot Rating: Exceptional Trustpilot score of 4.3/5 reflects strong customer satisfaction.
- Multiple Upgrade Options: Offers two unique upgrade paths for advancing trading careers.
- Professional Trader Dashboard: Access a sophisticated dashboard for efficient trading operations.
- Wide Range of Instruments: Trade diverse assets including Forex pairs, Commodities, Indices, Stocks, and Cryptocurrencies.
- Scalable Plan: Opportunity to scale up trading accounts based on performance.
- Extended Holding Period: Allows overnight and weekend trading flexibility.
- Profit Share: Earn generous profit shares ranging from 50% to 80%.
- No Minimum Withdrawal Requirements: Funded accounts have no constraints on minimum withdrawal amounts.
- Transparent Fee Structure: Clear and upfront pricing without hidden fees.
- Educational Support: Comprehensive mentorship and educational resources for career advancement.
Cons
- Low Leverage: Limited leverage up to 1:30 may restrict trading strategies.
- Minimum Trading Day Requirement: Requires a minimum of 3 trading days, which may be restrictive for some traders.
- Initial Profit Share: Starts with a profit share of 50% or 60%, potentially lower compared to some competitors.
The Trading Pit brand story
The Trading Pit, legally known as The Trading Pit Challenge GmbH, established in February 2022, operates from Vaduz, Liechtenstein, along with offices in Limassol, Cyprus, and Alcobendas, Madrid. Under the leadership of CEO Thomas Heyden, The Trading Pit collaborates with FXFlat and GBE Brokers to provide a streamlined trading experience through its innovative evaluation and scaling programmes.
Key Features
Streamlined Process:Simple 1-step CFD challenges available.
Accessible Entry:Challenges start at just $99.
Transparent Pricing:No hidden fees
How it works?
Start Your Trading Career in 3 Steps:
- TTP Challenge:Prove your trading skills by meeting our objectives.
- Access Your Earning Account:Trade on demo accounts, keep up to 80% of profits to grow your account.
- Scale Up to €5M:Expand your trading without limits, earn from Day 5, and get paid every Friday!
Programs and Prices
Choose from 1-step programmes for CFDs or Futures.
The goal of the evaluation phase is a 10% profit (8% for $100,000 accounts) while strictly adhering to maximum daily and trailing losses. Successful completion of this stage entitles you to open an accumulation account with profit targets of 8% or 10%, which allows you to start paying out upon reaching these targets and scaling them further depending on performance, with profit shares ranging from 50% to 80%.
The goal of the evaluation phase is a 10% profit (8% for $100,000 accounts) while strictly adhering to maximum daily and trailing losses. Successful completion of this stage entitles you to open an accumulation account with profit targets of 8% or 10%, which allows you to start paying out upon reaching these targets and scaling them further depending on performance, with profit shares ranging from 50% to 80%.
For CFD trading:
The Trading Pit's CFD Challenge allows traders to manage accounts ranging in size from $10,000 to $100,000, with a focus on identifying disciplined and profitable traders during a one-phase evaluation period. Traders can use leverage up to 1:30.
Futures trading
The Trading Pit's Futures Challenge allows traders to manage accounts ranging in size from $20,000 to $250,000, with a focus on identifying disciplined and profitable traders during a one-phase evaluation period.
What is included in the plan?
- Real-Time L1 Data Fees (CME) FREE
- Quantower License ($100 Value) FREE
- Atas License ($69 Value) FREE
- Rithmic License ($35 Value) FREE
Challenges Trading Rules & Objectives
- Profit Target:Traders must achieve a designated profit percentage to successfully conclude the evaluation phase, withdraw earnings, or scale their trading account. The profit target ranges from 8% to 10%, depending on the initial account size. Funded accounts also require reaching this profit target to withdraw or scale their account balance.
- Maximum Trading Period:The evaluation phase has a maximum trading duration of 90 calendar days, within which traders must achieve their required profit target to successfully complete the evaluation.
- No News Trading:Trading is prohibited during high-impact news releases. This restriction includes executing new trades or closing existing trades on affected instruments within the 2-minute period before and after the news announcement.