Reviews on Top Prop Firms

We rely on our personal experiences and gather insights from online research

THE TRADING PIT

The Trading Pit, headquartered in Liechtenstein, is a leading global prop trading firm known for its commitment to cutting-edge technology and a robust infrastructure. They provide traders with a unique and exceptional proprietary trading experience.

Features

  • One-time 100% refundable fee after passing Level 1.
  • 1-step evaluation. Scale up to $5M and get up to 80% profit share.
  • You can withdraw profits at each level.
  • 8% or 10% profit target depending on the account chosen.
  • 5% daily drawdown. 10% max trailing drawdown.
  • No news trading, no high-frequency, no copy-trading. EAs and scalping allowed (more than 1 minute).
  • 1:30 Leverage. Multi-asset: Forex, Futures, CFDs, Indices, Commodities, Stocks and Crypto.
The Trading Pit has solidified its position as a reputable proprietary trading firm, presenting traders with a diverse range of one-step challenge accounts. Let’s delve into the key offerings of this distinguished firm.

One-Step Challenge Accounts

  • The one-step challenge account is designed as a single-phase evaluation, where traders must successfully complete the evaluation phase before attaining funding and qualifying for profit splits.
  • The Trading Pit offers flexibility by allowing traders to select the initial account size that suits their preferences.
  • Profit targets of either 10% or 8% are set in the evaluation phase, depending on the chosen account size. These objectives align seamlessly with pragmatic trading aims.

Risk Management and Transparency

  • The Trading Pit upholds a responsible trading environment with a 5% maximum daily drawdown and 10% maximum loss rule applied consistently across both evaluation phases.
  • It’s important to note that during the evaluation period, account sizes of $10,000 and $20,000 incorporate trailing drawdown, while $50,000 and $100,000 accounts adopt static drawdown. However, upon successfully becoming funded, all account sizes transition to trailing drawdown.
  • Profit splits within the one-step challenge account span from 60% to 80%, offering traders attractive rewards, along with the option to scale their accounts for even greater potential.

A Strong Endorsement

For traders in search of a proprietary trading firm characterized by approachable and transparent trading regulations, I wholeheartedly endorse The Trading Pit. Their one-step challenge program not only provides favorable conditions but also caters to a diverse array of traders with distinctive trading methodologies.

The Review

Upon a comprehensive assessment of The Trading Pit’s offerings, it becomes clear that they represent an alluring choice within the realm of proprietary trading firms. With their commitment to responsible trading and flexibility in account selection, they empower traders to reach new heights in their trading journey.

In conclusion, The Trading Pit stands out as a reputable proprietary trading firm, providing traders with the flexibility to opt for various one-step challenge accounts tailored to different initial sizes.

The one-step challenge account presents a single-phase evaluation, necessitating the completion of the evaluation phase for funding eligibility. Traders at The Trading Pit must achieve profit targets of either 10% or 8%, depending on the initial account size, within realistic trading parameters—a 5% maximum daily drawdown and 10% maximum loss in both evaluation phases. During the evaluation period, trailing drawdown applies to €10,000 and €20,000 accounts, while €50,000 and €100,000 accounts have static drawdown. Upon reaching funded status, all account sizes adopt a trailing maximum drawdown. The one-step challenge account offers profit splits ranging from 60% to 80%, along with the ability to scale your accounts.

I strongly recommend The Trading Pit to those seeking a prop firm with clear and lenient trading rules. Their one-step challenge program, coupled with favorable conditions, makes them an appealing choice for a diverse range of traders. Taking everything into account, The Trading Pit emerges as an attractive option in the proprietary trading firm industry.

  • Competitive pricing for Forex and futures trading.
  • Compatibility with 9 leading platforms, including MetaTrader 4 and MetaTrader 5.
  • Offering futures, Forex, 500+ CFDs, with upcoming availability for cryptocurrencies and stocks.
  • Direct market access, Live Squawk Box tools, and Volume Trader integration.
  • Comprehensive financial tools, from economic calendars to expert analytics.
  • Valuable resources like live webinars, guides, individual mentorship, and skill enhancement programs.
  • Robust affiliate program with favorable terms for trading business representatives.
  • No demo or free plans; minimum plan cost is €99.
  • Challenges have high qualification requirements for professional traders.
exchange rates

Trading Platforms

Card

Deposit Methods

wallet

Withdrawal Methods

propfirmsreviews

Account Size

challenges

Tradable Instruments

€10,000

€100,000

€20,000

€50,000

Bonds

Commodities

Crypto

Forex

Indices

Stocks

funded

Rules

Maximum daily loss

Maximum loss

Maximum trading days

Maximum trailing drawdown

Minimum trading days

No copy trading allowed

Profit target

forex trading

Brokers

exchangerate

Accounts Currencies

FXFlat

GBE Brokers

USD

trading

Trading Programs

One-step Challenge

Forex

Incorporation

propfirms

Maximum Capital Allocation

February 2022

$5,000,000

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