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7,0%
Top 10
5,0%
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1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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The Trading Pit Review 2024
Minimum
deposit:
deposit:
- €99
Trading platform:
- MetaTrader4
- MetaTrader5
Minimum
deposit:
deposit:
- €99
Trading platform:
- MetaTrader4
- MetaTrader5
Trading features:
- Hundreds of futures and Forex assets, 9 trading platforms, financial analysis tools, and integration with external services
Leverage:
- 1:30
Summary of The Trading Pit Trading Company
The Trading Pit is a moderate-risk prop trading firm with the TU Overall Score of 5.66 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by The Trading Pit clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this firm as not all clients are satisfied with the company, according to reviews. The Trading Pit ranks 18 among 41 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Thetradingpit.com was launched only recently, but it is already possible to speak about its merits. It is convenient, multifeatured, and easy to master. The firm has a low entry threshold and favorable cooperation conditions. For example, after passing the challenge, traders receive up to 80% of profits. This prop firm has some drawbacks; however, they don’t look significant compared to the obvious advantages. The Trading Pit is one of the best options for those who want to move to the major league of futures and Forex.
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1
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5.7
/10
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2
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5.28
/10
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3
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6.68
/10
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The Trading Pit is a young proprietary (prop) trading firm with favorable conditions of cooperation. It is notable for its patented trading infrastructure, availability of 9 platforms (including МetaТrader 4 and МetaТrader 5), intuitive interface, and absence of supplemental charges. The Trading Pit currently offers over 500 CFDs [contract for (price) differences], and the variety of trading instruments is constantly expanding. The company provides its clients with educational content and mentors, allowing them to quickly hone their skills all the way to the professional level. Traders can connect their accounts at The Trading Pit to their Volume Trader accounts. Enrollment fees are from €99 to €999.
| 💰 Account currency: | USD, EUR |
|---|---|
| 🚀 Minimum deposit: | €99 |
| ⚖️ Leverage: | 1:30 |
| 💱 Spread: | No |
| 🔧 Instruments: | Real Futures & Forex CFDs, including CFD Commodities, Indices, Crypto & Stocks. |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with The Trading Pit:
- Reasonable prices for trading both Forex and futures.
- The Trading Pit supports 9 of the most popular platforms, including MetaTrader 4 and MetaTrader 5.
- The firm presently offers futures, Forex, and over 500 CFDs. Cryptocurrencies and stocks will soon become available.
- Direct access to the markets, plus Live Squawk Box tools and integration with Volume Trader.
- Numerous financial solutions from an economic calendar to expert analytics.
- Live webinars, guides, individual mentorship, and other qualification improvement methods.
- A powerful affiliate program with favorable conditions for trading business representatives.
👎 Disadvantages of The Trading Pit:
- No demo version or free plans. The minimum plan cost is €99.
- High qualification requirements in challenges for professional traders.
Evaluation of the most influential parameters of The Trading Pit
Trade with this prop-trading company, if:
- You're looking for a substantial amount at a slow deposit. The Trading Pit's prop account, Lite, has a balance of $10,000. To open it, you need to deposit $100 and complete a 1-stage challenge.
- You're aiming for the highest possible account balance. Each client at The Trading Pit has account scaling available, with a maximum amount of $5 million. Traders retain 80% of their profits.
- You value freedom in actions. The prop-trading company allows scalping, hedging, and the use of advisors. The only requirement is trading for at least 3 days a month, achieving the required metrics.
Do not trade with this prop-trading company, if:
- You're seeking comprehensive education. The educational section on the website offers minimal materials, and most of it might not be useful for traders with even minimal experience.
Table of Contents
Geographic Distribution of The Trading Pit Traders
Popularity in
16.9%
DE
11.7%
US
4.7%
TR
4.6%
MY
4.3%
MA
45.8%
Others
User Satisfaction i
55 comments
Total score:
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Expert Review of The Trading Pit
Established in 2022, The Trading Pit is one of the youngest proprietary trading firms. Nevertheless, it can be trusted. The company is officially registered and headquartered in Liechtenstein. Its license number is FL-0002.688.743-6. TU has analyzed the whole period of the company’s operation and found no cases of nonfulfillment of its obligations to clients or fraud. The firm keeps its tax returns in order, operates transparently, and does not charge hidden or additional fees.
The Trading Pit’s cooperation conditions are competitive. Presently, clients can only trade two types of assets: futures and Forex, comprising a few hundred assets. The company promises to add cryptocurrencies and stocks shortly. TU has no doubt that when they are added, the influx of clients, which is already quite high, will increase multifold. This is largely explained by the low entry threshold. For example, to pass the two-stage futures challenge, a trader pays €99, gets a balance of $10,000, and has to earn $1,000 in 30 days.
The Trading Pit supports trading on МТ4 and МТ5. Clients can also use popular prop trading software, such as ATAS, Quantower, Rithmic, or Bookmap Market Data Analysis & Trading Platform (Bookmap). Comparative analysis shows that these are the top platforms in their segment. The firm’s unique trading infrastructure allows users to set up additional solutions like Volume Trader. The Trading Pit provides a full list of features and tools that enhance successful trading. The firm also offers professional skills improvement courses, webinars, and a personal mentorship system.
Dynamics of The Trading Pit’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
This prop firm does not offer investment tools. It only provides novice and professional traders with funds for trading. After a client pays an enrollment fee and proves his qualifications via the challenge, he receives a certain amount of the firm’s funds and starts trading without the risk of losing his own money. He keeps a major part of the profit, has access to numerous trading instruments, and can constantly progress thanks to an integrated trading skills development system. Consequently, The Trading Pit does not offer passive earning options.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
The Trading Pit’s affiliate program
Partnership with the firm consists in attracting clients by using a referral link. Every new client who starts trading with the firm via the referrer’s link brings his referrer 5% of his profit (this percentage is subtracted from the company’s profit, not the referee’s). Depending on which assets the client trades, there are 10 to 15 earnings levels. The higher the level, the higher the referee’s payout percentage. Therefore, attracting experienced traders to The Trading Pit is favorable for affiliates.
Trading Conditions for The Trading Pit Users
Enrollment fees depend on asset types and levels at which clients want to trade. There are 3 futures levels with enrollment fees of €99, €349, and €499, as well as 2 Forex levels, with enrollment fees of €399 and €999. If a trader proves his trading skills, he is refunded the fee along with the profit earned during the challenge. If a trader fails the challenge, he does not get any profit or refund. Trading leverage is determined individually after passing the challenge. Tech support responds in many major languages, and its call center and email are available 24/7.
€99
Minimum
deposit
1:30
Leverage
24/7
Support
| 💻 Trading platform: | MetaTrader 4, MetaTrader 5, ATAS, QUANTOWER, R/TRADER, BOOKMAP |
|---|---|
| 📊 Accounts: | Lite, Standard, Executive, VIP |
| 💰 Account currency: | USD, EUR |
| 💵 Replenishment / Withdrawal: | Visa/ Mastercard, Wire Transfer, Crypto, Google Pay, China UnionPay and various local payments available globally (wallets, local bank transfers) |
| 🚀 Minimum deposit: | €99 |
| ⚖️ Leverage: | 1:30 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Spread: | No |
| 🔧 Instruments: | Real Futures & Forex CFDs, including CFD Commodities, Indices, Crypto & Stocks. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No |
| ⭐ Trading features: | Hundreds of futures and Forex assets, 9 trading platforms, financial analysis tools, and integration with external services |
| 🎁 Contests and bonuses: | No |
Comparison of The Trading Pit to other prop firms
| The Trading Pit | Topstep | FTMO | Funded Trading Plus | Fidelcrest | SurgeTrader | |
| Trading platform |
MetaTrader4, MetaTrader5, BOOKMAP, R Trader, QUANTOWER | Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net | MetaTrader4, MetaTrader5, cTrader | MetaTrader4, MetaTrader5 | MetaTrader4 | EightCap M4, EightCap M5 |
| Min deposit | $99 | $1 | $155 | $119 | $99 | $250 |
| Leverage |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:10 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points | From 0.1 points |
| Level of margin call / stop out |
No | 1% / 1% | 50% / 50% | No | 10% / 10% | 50% / 50% |
| Execution of orders | No | ECN | Instant Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Prop firms’ comparative table by trading instruments
| The Trading Pit | Topstep | FTMO | Funded Trading Plus | Fidelcrest | SurgeTrader | |
| Forex | Yes | No | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | Yes | Yes |
| CFD | Yes | No | Yes | Yes | Yes | Yes |
| Indexes | Yes | No | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | No | No | Yes |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
The Trading Pit Commissions & Fees
Information
The Trading Pit does not charge trading commissions, but they are charged by the broker with which the prop firm cooperates. The firm keeps part of trader’s profits and charges market data fees that depend on which platform is used by each trader. For example, for Rithmic, the standard monthly fee is $25; $20 for Eurex; $12 for CME; Comex, NYMEX, or CBOT; and $35 for CME Bundle. Note that, unlike enrollment fees on challenges, monthly fees are not reimbursed. Monthly fees can be scaled depending on each trader’s qualifications and income. Highly-skilled professional traders pay less, which incentivizes beginners to progress and achieve new profit levels.
| Account type | Spread (minimum value) | Withdrawal commission |
| Lite | From $1 | No |
| Standard | From $1 | No |
| Executive | From $1 | No |
| VIP | From $1 | No |
Detailed review of The Trading Pit
The Trading Pit enables traders to earn in the futures and Forex markets using the firm’s capital. Stocks and cryptocurrencies will shortly become available for trading. Generally, this is a traditional proprietary trading firm, however, in terms of programs, it surpasses many of its competitors. The Trading Pit’s website is perfectly optimized and has a mobile version. The firm supports several major trading platforms and special solutions for prop trading. Qualification requirements are minimal, and traders that pass the challenge get unlimited access to honing their skills and earning profit.
The Trading Pit by the numbers:
-
€99 minimum enrollment fee;
-
100% of the enrollment fee is reimbursed if the challenge is completed successfully;
-
up to 80% of profit goes to the trader;
-
500 CFDs are available for trading;
-
affiliate profit from 5%.
The Trading Pit | Prop firm for trading Forex and futures
The firm offers many benefits, but keep in mind that, presently, users can only trade two categories of assets: futures and Forex. Cryptocurrencies and securities will be added soon. Considering the number of available assets, entry threshold, and profit potential, The Trading Pit does not have many competitors. Very few firms leave up to 80% of profits to traders. These are the conditions offered by The Trading Pit to everyone who wants to trade futures contracts and currencies without risking their own funds.
The Trading Pit’s useful features:
-
User accounts on thetradingpit.com can be connected to Volume Trader accounts, which gives traders unique opportunities to monitor their assets and analyze daily markets.
-
Clients can use the economic calendar, calculators, and other tools that are extremely useful for those who rely on fundamental analysis.
-
Educational articles, guides, and webinars are placed in a special section. This unique content is available to all users, even to unregistered visitors.
Advantages:
1
The challenges are objectively reasonable. For example, earning $500 on Forex in 60 days using a balance of $150,000 is an achievable target even for novice traders.
2
Low entry threshold and favorable cooperation conditions. As soon as a trader passes the challenge, he is refunded the enrollment fee and keeps up to 80% of his profit.
3
The firm does not impose considerable restrictions on traders. The most significant ones are that you need to trade at least 7 days and cannot exceed the daily drawdown limit.
Monthly fees depend on the market data a trader receives. His profit is determined, among other things, by leverage and available capital. These parameters are set individually after the challenge.
Guide on how traders can start earning profits
At most proprietary trading firms, account types determine the activeness of trading. Therefore, accounts should be selected carefully. For example, if you are a beginner and want to trade futures, open the Lite account. The Standard account is suitable for most experienced traders, while the Executive, VIP option is only recommended to professionals. Enrollment fees are higher on professional accounts, but they are refunded in full if you prove your qualification.
CFD Account Types: (One-Step Challenges)
Account Type
Description
Lite
with €10,000 Account Balance at the price of
€99
Standard
with €20,000 Account Balance at the
price of €179
Executive
with €50,000 Account Balance at the
price of €399
VIP
with €100,000 Account Balance at the price of
€999
FUTURES Account Types:
Account Type
Description
Lite
with a $20,000 Account Balance at the price
of €99 (One-Step Challenge)
Standard
with a $150,000 Account Balance at the
price of €169 (One-Step Challenge)
VIP
with a $250,000 Account Balance at the price of
€599
Note that many prop firms significantly restrict traders until they pass the challenge. The Trading Pit does not have demo accounts. Users trade for real and get real profits at once. Even if you select the Futures Lite account, you are provided with $20,000 and keep 70% of profit after you complete the challenge. In this respect, The Trading Pit differs favorably from most of its competitors.
Investment Education Online
Information
Many prop firms offer their clients training that improves their trading skills. This is logical because firms want to cooperate with experts who bring them the highest profits. The Trading Pit is not an exception. Besides providing access to important tools, such as a financial calendar and heatmap, the company actively teaches traders using specialized materials.
Information featured in the Resources section
What is not on thetradingpit.com
Video lessons on Forex trading
Concrete trading strategies
Schedule and archive of webinars
Trader’s glossary, economic calendar, and heatmap
Live news from the global financial market
Expert advice and commentaries
Note that the newsfeed, market analytics, and expert advice and commentaries are available in Squawkbox, an integrated software with numerous customizable features. It can be installed on a smartphone.
Security (Protection for Investors)
Information
The Trading Pit is officially registered in Liechtenstein and complies with the financial laws of that country. The company is licensed and has all the proper documents that can be reviewed on the official website. However, The Trading Pit is not controlled by any international regulator.
👍 Advantages
- Traders can contact the prop firm’s lawyers
- Traders can file a complaint about the prop firm with the Financial Market Authority of Liechtenstein
👎 Disadvantages
- Traders are not supported by financial bodies of their countries
- Traders cannot refer to international regulators for help
Withdrawal Options and Fees
-
After the challenge is complete, a trader’s enrollment fee and up to 80% of his profit are transferred to his account. These funds can be withdrawn at any time.
-
The payout amount depends on a trader’s qualification. He gets 60-80% of his profit right after closing successful trades.
-
Funds can be withdrawn without any restrictions. Transfers to bank cards and accounts, online transfers, and other channels are available.
-
There’s no minimum withdrawal amount. Charges do not apply.
Customer Support Service
Information
The Trading Pit’s technical support service works 24/7 and can be contacted by both clients and unregistered users. TU’s experts have analyzed reviews of the prop firm’s support, and they are mostly positive. Clients compliment the promptness and competency of the specialists.
👍 Advantages
- Three contact methods: phone, email, and online chat
- Support can be contacted anytime
👎 Disadvantages
- Support is only available in a few languages. English is the primary one
How to contact The Trading Pit’s client support:
-
multi-channel call center;
-
email;
-
live chat via a link on the website or in the app.
This prop firm has profiles (the links are in the footer) on all popular social media, including Facebook, Instagram, Twitter, YouTube, Reddit, and even TikTok. They are useful in that they keep you updated on the company’s news. Also, in its profiles, the firm promptly posts analytics and educational content.
Contacts
| Foundation date | 2018 |
| Registration address | Landstrasse, 63 9490 Vaduz, Liechtenstein |
| Official site | thetradingpit.com |
| Contacts |
Email:
support@thetradingpit.com,
Phone: +4986774014100 |
Review of the Personal Cabinet of The Trading Pit
To cooperate with this prop trading firm, you need to register on thetradingpit.com and get a user account. Below, TU considers the registration process in detail and describes The Trading Pit’s user account features.
1
Go to the company’s website and click “Sign Up” in the top right corner of the screen. If you need a different language, use the button right above “Sign Up”.
2
Include your title and enter your first and last names, country, email, and phone number. Only use real data, otherwise, you will not be verified. After filling in the fields, accept the terms of service by ticking the box. You can review the terms by following the links. If you don’t accept the terms, you won’t be able to trade with the company. Click “Create Account”.
3
Wait till you receive a message at the email address you included. It usually takes a few seconds, but sometimes you need to wait a few hours. If you don’t receive the message, contact tech support via chat. The message includes your login (email address) and password. The password can be changed in account settings. Click “Log in” in the message and enter the required information.
4
Select a challenge in the “My client area” of your user account. Follow the on-screen instructions to pay the enrollment fee and start trading. You can select several challenges.
5
You can monitor your progress in “Challenges overview”, where active challenges and trading results are displayed.
6
“Transaction history” displays incoming and outgoing transfers on all your accounts (you may have several).
7
Click on your name in the top right corner and choose “My profile”. Include your place of residence. This is necessary to verify your user account.
8
Click the “Dashboard” button and enter your login and password. In this section, you can see all your activity at The Trading Pit.
In your user account, you can deposit and withdraw funds, monitor your trades, and start conversations with tech support by clicking the button in the bottom right corner of the screen. To install the mobile app, follow the guide in the corresponding section of the website. Also, in the “Resources” section, you can learn how to set up trading platforms and other services.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FAQs
How do client reviews impact The Trading Pit rating?
Any review can raise or lower the rating of any company in the Forex prop firms rating. To read reviews about The Trading Pit you need to go to the company's profile.
How can I leave a review about The Trading Pit on the Traders Union website?
To leave a review about The Trading Pit , you need to register on the Traders Union website.
Can I leave a comment about The Trading Pit if I am not a Traders Union client?
Anyone can post a comment about The Trading Pit in any review about the company.
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