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The Trading Pit is a relatively young proprietary trading firm, having been established in October 2022. Despite its brief tenure in the industry, the firm has gained a moderate following across social media platforms, including a robust 60k Facebook following, although its presence on X and LinkedIn remains modest compared to some of its peers. CEO Daniela Egli has a comfortable linkedIN presence with 14k followers leading the company with seasoned brokerage experience. The Trading Pit operates with liquidity providers FXFlat and GBE Brokers, offering a range of instruments from Forex, Indices, and Commodities to Cryptos, Shares, and Futures. Their commitment to partnering with established liquidity providers like FXFlat and GBE Brokers enhances the firm’s credibility, though traders may note the relatively low number of Trustpilot reviews at 398, indicating that the firm is still building its reputation in the competitive prop trading space.
The Trading Pit is a relatively young proprietary trading firm, having been established in October 2022. Despite its brief tenure in the industry, the firm has gained a moderate following across social media platforms, including a robust 60k Facebook following, although its presence on X and LinkedIn remains modest compared to some of its peers. CEO Daniela Egli has a comfortable linkedIN presence with 14k followers leading the company with seasoned brokerage experience.
The Trading Pit operates with liquidity providers FXFlat and GBE Brokers, offering a range of instruments from Forex, Indices, and Commodities to Cryptos, Shares, and Futures. Their commitment to partnering with established liquidity providers like FXFlat and GBE Brokers enhances the firm’s credibility, though traders may note the relatively low number of Trustpilot reviews at 398, indicating that the firm is still building its reputation in the competitive prop trading space.
The Trading Pit offers a 2-step challenge plan with balanced-based drawdown limits. The maximum total drawdown ranges from 7% to 10%, and traders can earn an 80% profit split upon successfully passing the challenges.
• Phase 1: 8%
• Phase 2: 5%
This setup provides a structured approach for traders looking to prove their skills while adhering to moderate risk parameters. The inclusion of futures trading in their instruments broadens opportunities for traders focused on long-term strategies.
The Trading Pit provides varying levels of leverage depending on the instrument and platform. Here’s a breakdown:
• Major Currency Pairs: 1:15
• Exotic Currency Pairs: 1:10
• Major Indices: 1:10
• Non-major Indices: 1:10
• Commodities: 1:10
• CFDs on Stocks: 1:02
• CFDs on Cryptos: 1:02
• Major Currency Pairs: 1:20
• Exotic Currency Pairs: 1:10
• Major Indices: 1:10
• Non-major Indices: 1:10
• Commodities: 1:10
• CFDs on Stocks: 1:02
• CFDs on Cryptos: 1:02
The leverage offered is fairly competitive, though traders should note the lower leverage options for CFDs on stocks and cryptocurrencies, which may limit exposure for those asset classes.
The Trading Pit provides access to a wide range of platforms, including MT4 and MT5 for CFDs, ATAS, Quantower, R/Trader, and Volsys for futures trading. The variety of platforms accommodates traders who prefer more specialised software, especially in futures trading. However, U.S.-based traders should note that MT4 and MT5 are not available to them, and they will need to rely on the futures platforms instead.
The firm’s website is easy to navigate, and finding information is straightforward, which adds to its overall user-friendliness compared to some competitors.
The Trading Pit offers traders an 80% profit split, which aligns with industry standards. However, there is little publicly available information on the specifics of their payout structure, raising some concerns about transparency. While the firm showcases success stories and payouts on its website, independent reviews are minimal on confirmed payments on external platforms like Propfirmmatch. This lack of verification may raise red flags for traders considering joining the program.
The Trading Pit is still carving out its place in the proprietary trading industry. Its partnership with well-known liquidity providers, diverse range of trading instruments, and user-friendly interface offer solid advantages. The Trading Pit offers competitive leverage, profit splits, and platform flexibility, particularly for futures traders. Nevertheless, traders should approach with caution and seek out additional confirmation of payout reliability before fully committing.
