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The Trading Pit

Award-winning Prop Trading Firm

The Trading Pit Review

The Trading Pit Review: The Trading Pit is a modern prop trading firm offering up to 80% profit share.

Traders can start by selecting a challenge that aligns with their trading style. Upon passing, they gain access to a funded account where they can earn up to 80% of the profits while trading global markets, including CFDs and Futures.

The Trading Pit, founded by professional traders including Illimar Mattus in 2022 and backed by Pinorena Capital, offers a platform for traders to develop their skills using advanced simulated trading environments. Supported by Pinorena Capital, a fintech-focused private equity firm with investments in leading brokerage firms and tech innovators like OpenAI, The Trading Pit benefits from strong resources and credibility.

Advantages of using The Trading Pit

Career Growth Opportunities: The Trading Pit’s step-by-step challenge model is designed to help traders prove their skills and unlock access to funded trading accounts. With programs tailored to different trading styles, traders can grow their accounts and careers through consistent performance.

Attractive Profit-Sharing: Successful traders receive 80% of their profits, allowing them to benefit directly from their trading success while the firm covers losses. The scaling plan further rewards consistent profitability by increasing account sizes up to $5,000,000.

Global Access and Market Variety: The platform supports multi-asset trading across futures, forex, indices, commodities, and cryptocurrencies, allowing traders to diversify and explore different markets globally.

Risk Management and Transparent Rules: The Trading Pit promotes disciplined trading through structured rules on drawdowns and risk management. This ensures a sustainable trading approach while limiting large-scale losses, promoting long-term success.

Educational and Technological Support: With a range of educational tools such as webinars, eBooks, and podcasts, The Trading Pit empowers traders with the knowledge needed to succeed. Their use of top-tier platforms like TradingView and a commitment to transparency have earned them multiple industry awards.

Award-Winning Service: The Trading Pit has been widely recognized for its excellence, winning several prestigious awards including "Most Transparent Prop Trading Firm Global 2023," "Best Educational Resources 2023," "Fastest Growing Proprietary Firm in Europe 2022," and "Best Futures Prop Firm 2022."

Frequent Payouts: Traders can request payouts every 14 days once they meet the minimum criteria, making it easier to manage financial goals and offering flexibility in withdrawing profits.

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The Trading Pit at a Glance

The Trading Pit serves two types of Traders

New Traders

The Trading Pit provides a structured environment for beginners to develop trading skills, focusing on risk management and discipline. It offers educational resources and a challenge-based model to help traders prove their abilities.

While the platform can be beneficial, it's not a "learn as you go" environment. Beginners should be prepared to invest time in learning and practicing risk management before diving into the challenges. For those committed to growing their skills, The Trading Pit offers a clear path for scaling and long-term success.

Experienced Traders

The Trading Pit offers experienced traders substantial benefits, including the ability to scale accounts up to €5,000,000, attractive profit-sharing up to 80%, and access to a wide range of trading instruments like Forex and Futures.

With a transparent, veteran-led team, and fast payout options after just 10 profitable days, it's an appealing choice for traders looking for long-term growth in a professional environment. While the firm’s strict evaluation process demands discipline, it provides significant opportunities for those who can navigate its structure.

The Trading Pit Challenges

Prime CFD Challenge (1-Phase Evaluation)

Account Balance: $50,000 (Other account sizes $10k, 20k, 100k)
Profit Target: 10% ($5,000)
Daily Drawdown (Balance-Based): 4% ($2,000)
Maximum Drawdown (Static): 7% ($3,500)
Minimum Trading Days: 5
Profit Share: 80%
Price: $349 (Prices range depending on account sizes)

The Prime challenge focuses on fast progress while minimizing drawdowns. Traders can request payouts of at least $100 every two weeks and can increase their account size by 25% after meeting certain conditions. To qualify for the scale-up, traders must be active for two months, receive at least two payouts, and achieve a 10% profit on their initial balance. This approach encourages consistent performance and can lead to significant account growth over time.

Classic Challenge (1-Phase Evaluation)

Account Balance: $50,000 (Other account sizes $10k, 20k, 100k)
Profit Target: 10% ($5,000)
Daily Drawdown (Equity-Based): 4% ($2,000)
Maximum Drawdown (Trailing on Highest Equity): 7% ($3,500)
Minimum Trading Days: 5
Profit Share: 60% - 80%
Price: $399 (Prices range depending on account sizes)

Similar to Prime, the Classic challenge allows for fast progress with a focus on limited drawdowns. However, scaling and payouts are only available once the trader meets the profit target.

Prime CFD Challenge (2-Phase Evaluation with Extended Drawdowns)

Account Balance: $50,000 (Other account sizes $10k, 20k, 100k)
Profit Target: 8% ($4,000) in Phase 1, 5% ($2,500) in Phase 2
Daily Drawdown (Balance-Based): 5% ($2,500)
Maximum Drawdown (Static): 10% ($5,000)
Minimum Trading Days: 5
Profit Share: 80%
Price: $349 (Prices range depending on account sizes)

This option allows for more extended drawdowns, catering to traders who prefer a more gradual pace to reach their profit targets. The challenge is split into two phases, each with distinct profit targets and drawdown limits, providing more breathing room for traders to recover from drawdowns before moving on to Phase 2.

Prime Futures Challenge (1-Phase Evaluation)

Account Balance: Options include $50,000, $100,000, and $150,000
Profit Target: Ranges from $3,000 to $9,000 depending on account size
Daily Drawdown: Between $1,000 and $3,000
Maximum Drawdown: $2,000 to $4,500 depending on account size
Challenge Duration: 30 days
Profit Share: 80%
Price: Starts at $99 for the $50,000 account, $189 for $100,000, and $289 for $150,000

This challenge offers flexibility with different account sizes and profit targets. Traders can trade both standard and micro contracts, with the number of contracts increasing as profits grow. The Prime program also includes a scaling plan, where traders' buying power increases daily based on their end-of-day profit. This approach rewards consistency and progressive trading success.

Example of Prime Scaling Plan:

$50,000 Account: Starts with 2 standard/20 micro contracts. If profits exceed $5,000, the trader can trade up to 4 standard/40 micro contracts.
$150,000 Account: Starts with 5 standard/50 micro contracts. If profits exceed $5,000, the trader can trade up to 10 standard/100 micro contracts.

Classic Futures Challenge (1-Phase/2-Phase Evaluation)

Account Balance: Options from $20,000 to $250,000
Profit Target: Ranges from $1,000 to $5,000 depending on account size
Daily Drawdown: Between $250 and $2,000
Maximum Drawdown: $500 to $5,000
Minimum Trading Days: 3
Profit Share: Up to 80%
Price: Starts at $99 for a $20,000 account and goes up to $599 for a $250,000 account

In the Classic challenge, the profit targets and account scaling are tied together. Traders can scale their account and request payouts only upon meeting the profit target. The Classic challenge offers a more structured path, with contract limits increasing steadily as traders hit profit milestones.

Example of Classic Scaling Plan:

$20,000 Account: Starts with 10 micro contracts. Once the trader reaches a profit target of $250, the payout is $150, and the account scales up.
$250,000 Account: Allows up to 10 standard/100 micro contracts with a $5,000 profit target.

CFD Mini Challenge

The CFD Mini Challenge is a cost-effective trading challenge designed to provide traders with a realistic prop trading experience. For just $9, participants get a starting balance of $5,000, enabling them to test and improve their trading strategies without significant initial risk. Key benefits include:

Profit Target: Reach a 10% profit ($500) with no daily drawdown limit and a high maximum drawdown (50%), giving traders substantial room to maneuver.
Leverage: Trade with 1:50 leverage, mimicking real-market conditions.
Reward: Upon successful completion, earn a $50 voucher toward future challenges.

With unlimited duration and a one-time purchase limit, this challenge provides flexibility for traders at any level to grow their skills in a low-risk environment.

🔗Sign up for the CFD Mini Challenge here

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The Trading Pit FAQs

Who are The Trading Pit Top Prop Traders currently?

As of August 2024, The Trading Pit has highlighted its top-performing proprietary traders, showcasing a diverse group of talent from around the world. The current top traders are as follows:

Felix from Germany leads the leaderboard with an impressive total profit of $117,565.66, making 11 payouts.
Tho from Vietnam follows closely with $100,343.94 in profits and 10 payouts.
Francis from Canada ranks third, earning $99,718.93 with 6 payouts.

These traders have excelled in various markets, reflecting the global reach and talent nurtured by The Trading Pit. Traders like Karl from Germany and Ko from Malaysia also demonstrate remarkable consistency, with 45 and 13 payouts, respectively.

Is The Trading Pit a legitimate prop firm?

Yes, The Trading Pit is a fully legitimate proprietary trading firm. Founded in 2021, it is headquartered in Liechtenstein with operations in several countries, including Canada, Cyprus, and Spain. It’s known for its reliable funding programs and has received high ratings on platforms like Trustpilot (4.6/5).

How does The Trading Pit’s funding process work?

The Trading Pit offers multiple funding challenges where traders can manage accounts up to €5,000,000. Both one-step and two-step evaluation processes assess your trading performance. Upon successful completion of a challenge, you can receive up to an 80% profit split. The rules are designed to be flexible, with minimum trading days, allowing weekend and overnight trading, and scaling opportunities.

What trading platforms does The Trading Pit support?

The Trading Pit supports a variety of industry-leading trading platforms, including MetaTrader 4, MetaTrader 5, Quantower, and Rithmic. Traders can also use proprietary tools like Bookmap for more advanced trading strategies.

What are The Trading Pits rules?

The Trading Pit has established a clear set of rules designed to ensure consistent, disciplined trading and protect both the trader and the firm from undue risk. Here are the key rules you need to know:

Profit Target: To pass a challenge, you must meet the set profit target without holding open positions. Achieving this target with a single large trade is prohibited; consistent, risk-managed trades are expected.
Daily and Maximum Drawdown: These rules limit how much you can lose in a day and across the account's lifetime. The daily limit is updated at 16:00 CT daily, while the maximum drawdown is static throughout both the challenge and earning phases. Breaching either will result in the closure of your account.
Minimum Trading Days: You must trade on at least five unique days. Simply holding overnight positions won't count toward this total. This ensures consistency and risk management.
Inactivity: If you do not place a trade within 21 consecutive days, your account will be deemed inactive and closed, without the option for a refund.
One Active Account: Each trader is limited to one active earning account. If you pass another challenge, the new account will be queued until your existing one is closed.
Prohibited Practices: The following are strictly prohibited:
- Copy Trading: You cannot copy trades from other traders. Copying from your own external account is allowed, but it must be your strategy.
- High-Frequency Trading (HFT): This is not permitted.
- News Trading: Trading two minutes before or after high-impact news events is restricted, though orders placed earlier are allowed to be executed.
- Gambling and Inconsistent Trading: You must maintain consistent lot sizes and avoid risky, high-deviation strategies.
System Exploitation and Arbitrage: Engaging in practices that exploit system errors, slow data feeds, or arbitrage is not allowed. Such behavior will result in account termination.
Gap Trading: Opening trades close to the market's closure in anticipation of price gaps upon reopening is considered malicious and will lead to account termination.

Which countries does The Trading Pit support?

The Trading Pit supports traders from over 200 countries globally, offering access to a wide range of asset classes, including Forex, Stocks, ETFs, Futures, Options, and Cryptos. However, due to various restrictions, The Trading Pit does not provide services to residents of the following countries: Burundi, Cuba, Iran, North Korea, South Sudan, Sudan, and Syria.

For futures trading, Rithmic restricts accounts from residents in Myanmar, Bonaire, Sint Eustatius and Saba, Sint Maarten, Afghanistan, Libya, Palestine, Iraq, Somalia, and Zimbabwe. DxFeed does not accept accounts from residents of Iraq and Belarus.

Additionally, CFD trading is unavailable to residents of the USA, Canada, and Russia.

These restrictions are primarily due to payment issues or market data provider limitations.