The Trading Pit is a leading proprietary trading firm that has established itself as a trusted platform for traders worldwide. With over 10,000 active accounts monthly, it demonstrates a vibrant and engaged trading community.
The firm boasts impressive performance metrics, with $4 million+ in payouts and 450,000 trades executed each month, highlighting its commitment to providing traders with ample opportunities for profit.
Operating in 180+ countries, The Trading Pit prop firm offers tailored account options, including Prime and Classic accounts, catering to the diverse needs of traders at different experience levels. Let explore this in detail with The Trading Pit Review.
The Trading Pit company overview
TheTradingPit (TTP) is a leading proprietary trading firm taking the world by storm. Majority-owned by Pinorena Capital, a fintech-focused private equity firm, TTP is on a mission to elevate the lives of traders worldwide through innovative strategies, cutting-edge technology, and unparalleled support.
Led by a seasoned management team with over half a century of combined experience, The Trading Pit is committed to empowering traders to succeed. Here's what sets them apart:
- Global reach: Operating in over 180 countries, TTP serves a diverse community of traders and partners;
- Multi-asset trading: You can access a wide range of asset classes, including Forex, Futures, Cryptocurrencies, and Stocks;
- Educational resources: Benefit from learning materials, including eBooks, webinars, podcasts, and videos;
- Award-winning excellence: Recognized with prestigious awards such as "Most Transparent Prop Firm 2024" and "Best Educational Resources 2023."
By fostering a collaborative and supportive environment, The Trading Pit aims to empower traders to reach new heights in their trading careers, offering a "win-win" formula for successful prop trading partnerships.
The company’s specifications summary
Account currency | USD |
Minimum price | $99 |
maximum leverage | 1:50 on FX |
maximum profit split | 80% |
Instruments | FX, Indices, Commodities, CFDs on Stocks, CFDs on Cryptos, Metals, Energies |
Assets | BTC, S&P 500, Oil, Tesla, EUR/USD, Gold, Gas |
evaluation steps | 1-step, 2-step |
Trading platform | ATAS, Quantower, VolSys, R|Trader |
Withdrawal methods | bank wire, cryptos |
maximum fund size | $250,000 |
first profit target | $1000 |
Max. daily loss | $2,000 (on Futures) |
Challenge time limit | N/A |
news trading | No (2 minutes before or after) |
Maximum total drawdown | 10% (On CFD Prime) |
commission per round lot | $5 |
trust pilot score | 4.1 out of 5 |
payout frequency | bi-weekly |
established country | Liechtenstein |
established year | 2021 |
The Trading Pit offers a robust prop trading ecosystem, catering to traders of various experience levels and capital requirements. With its flexible evaluation process and attractive profit-sharing model, TTP provides an excellent opportunity for traders to grow their careers and maximize their earning potential.
The Trading Pit prop firm pros & cons
proprietary firms have gained popularity for offering unique opportunities and resources to traders. Among these firms, "The Trading Pit" stands out for its innovative approach and community-oriented ethos.
While it presents a range of advantages that can enhance a trader's experience, there are also potential drawbacks to consider.
Pros | Cons |
Multiple platforms | Strict rules in some cases |
Highly Trusted based on users’ feedbacks | Limited Personalization |
Multi assets Trading | - |
Educational Resources | - |
Understanding both the pros and cons is essential for anyone looking to navigate the complexities of trading within a prop firm environment.
TTP funding & prices
The Trading Pit, led by Pinorena Capital, recently secured €10 million in growth funding. This substantial investment will help TTP accelerate its growth initiatives and solidify its position as a global leader in online prop trading.
Account Size | Calssic | Prime |
$10,000 | $99 | $99 |
$20,000 | $179 | $199 |
$50,000 | $399 | $349 |
$100,000 | $999 | $569 |
The Trading Pit registration & verification
Getting started with The Trading Pit is a straightforward process. Here's how you can join this innovative prop trading firm:
- Go to the TTP’s official website and click on Sign Up button;
- provide basic personal details such as name, email, country and phone number;
- receive your account credentials in the email inbox;
- Login to your account;
- click on “start a challenge”;
- choose your asset (CFDs or Futures);
- Choose a plan and your trading platform afterward;
- Make more with Add Ons;
- choose your payment method and proceed to pay;
- complete the KYC process by providing a government-issued ID and residence Document (to proof your address).
TTP Evaluation steps
The Trading Pit offers two evaluation programs—Prime and Classic—designed to cater to different trading styles and goals. Both programs provide a structured path for traders to access funded accounts, with varying evaluation phases, drawdown limits, and profit-sharing schemes.
The Prime program focuses on quick progression and bi-weekly payouts. Traders can select either a 1-phase or 2-phase evaluation, depending on their preference for a fast or steady approach. With clear guidelines for daily and maximum drawdowns, this program offers flexibility while maintaining strict performance criteria.
Program | Prime | Classic |
Evaluation Type | 1-phase (fast track) or 2-phase (steady progress) | 1-phase with steady progress |
Daily Drawdown | 4% ($2,000) for a $50,000 balance | 4% ($2,000) equity-based for a $50,000 balance |
Maximum Drawdown | 7% ($3,500) static | 7% ($3,500) trailing on highest equity |
Profit Target | 10% ($5,000) to pass the evaluation | 10% ($5,000) before scaling up |
Minimum Trading Days | 5 days required to complete the process | 5 days required to complete the evaluation |
Profit Share | 80% for successful traders | 60% to 80% profit share |
Payout Structure | Bi-weekly payout request with a minimum of $100 | Payouts only available upon reaching the profit target |
Cost | $349 for a $50,000 account evaluation | $399 for a $50,000 account evaluation |
TTP prop firm bonuses and discounts
The Trading Pit prop firm currently does not appear to offer any discounts or bonuses as part of its evaluation programs. While many firms may provide promotional incentives, The Trading Pit focuses on providing straightforward and transparent evaluation processes, allowing traders to earn funded accounts based on their performance and adherence to the firm’s criteria. Any updates or changes to their bonus or discount offerings may be reflected in future announcements, but as of now, no such promotions are available.
The Trading Pit trading platforms
TTP offers multiple trading platforms tailored to the needs of different traders. These platforms include ATAS, Quantower, VolSys, and R|Trader Pro. Each platform is equipped with features that enhance trading performance and suit various trading styles:
- ATAS: Known for advanced trading analytics, ATAS focuses on order flow analysis, volume profiles, and footprint charts, making it a powerful platform for those who prioritize volume-based trading strategies;
- Quantower: This platform provides versatile trading tools and a highly customizable interface. It supports multiple asset classes and offers advanced charting options, making it suitable for both beginners and professional traders;
- VolSys: Primarily oriented around volume analysis, VolSys includes advanced volume profile, TPO (Time Price Opportunity), and order flow tools. It also features proprietary volume indicators, basic and advanced DOM (Depth of Market), and DxFeed market data credentials;
- R|Trader Pro: Designed to offer a balance between simplicity and functionality, R|Trader Pro is a multi-asset platform that enables effective risk management and order execution.
The Trading Pit ensures that traders have access to robust platforms that provide essential tools for executing and analyzing trades across various financial markets.
What instruments & symbols can I trade on TTP CFD?
The Trading Pit offers a comprehensive selection of tradable instruments across various asset classes. CFDs Instrument List:
- Forex;
- Metals;
- Energies Futures;
- CFD Cash Indices;
- CFD Futures;
- Crypto;
- Equities.
This diverse range of instruments allows traders to diversify their portfolios and capitalize on opportunities across different markets and asset classes.
The Trading Pit prop firm payment methods
TTP has expanded its payment options to provide traders with more flexibility and convenience. Available methods include:
- Credit Cards (Visa, Master Card, Discover, Diners, Maestro, Amex);
- Apple Pay;
- GooglePay;
- Cryptos;
- Giropay (DE);
- Binance;
- Perfect Money.
These diverse payment methods ensure traders can easily fund their accounts and start trading with minimal delays.
The Trading Pit commission & costs
Understanding the commission structure and costs associated with prop trading is crucial for maximizing your profits. Here's an overview of The Trading Pit's approach to commissions and costs:
- FOREX: $5;
- METALS: $5;
- ENERGIES FUTURES: $5;
- CFD CASH INDICES: $5;
- CFD FUTURES: $5;
- CRYPTO:20%;
- EQUITIES:
- US: 0%;
- EU: 20%;
- UK: 20%.
Does The Trading Pit prop firm offer vast educational resources?
Absolutely! TTP has been recognized with the "Best Educational Resources 2023" award from Forex Prop Reviews, highlighting its commitment to trader education. TTP offers a comprehensive suite of learning materials, including:
- Insightful blogs: Regular articles covering trading strategies, market analysis, and industry trends;
- Comprehensive eBooks: In-depth guides on various trading topics and techniques;
- Interactive webinars: Live sessions with experienced traders and industry experts;
- Informative podcasts: Audio content for learning on-the-go;
- Engaging videos: Visual tutorials and explanations of complex trading concepts;
- Easy-to-understand infographics: Visual representations of key trading information.
The Trading Pit prop firm Trust scores on Trustpilot
The Trading Pit has garnered positive reviews on Trustpilot, with an impressive overall rating of 4.1 out of 5 stars from 388 reviews. Here's the breakdown:
- 78% of reviews are 5-star: Indicating high customer satisfaction;
- Professionalism and responsiveness: Many reviewers praise the support team's helpfulness;
- Reliable payouts: Traders appreciate the smooth and timely withdrawal process;
- Challenging environment: Users note that TTP helps improve their trading skills;
- Flexible refund policy: Some reviewers mentioned receiving refunds when needed.
While the majority of reviews are positive, it's worth noting that some traders may find the evaluation process challenging. However, this challenge is often seen as a valuable learning experience that prepares traders for real-world market conditions.
The Trading Pit customer support
TTP provides several ways for users to get in touch, ensuring easy access to support or inquiries. Whether you prefer sending an email, making a phone call, or using real-time chat for immediate assistance, Trading Pit has options for you.
- Email: Reach out via support@thetradingpit.com for written inquiries;
- Phone: Call directly at +4232379000 for personalized assistance;
- Live Chat: Engage in real-time conversation through the website's live chat feature.
These various contact channels allow users to select the method that best fits their needs for prompt and effective support.
The Trading Pit social media channels
“The Trading Pit” has established a robust presence across various social media platforms, ensuring they reach a wide audience and engage with their community effectively. Their strategy involves leveraging the unique features of each platform to share content, interact with followers, and provide updates on their services. Here are where you can find the TradingPit on various platforms:
- Instagram;
- Twitter;
- LinkedIn;
- YouTube;
- TikTok.
Expert suggestions
In conclusion, The Trading Pit emerges as a reputable proprietary trading firm that effectively caters to a global audience with its diverse offerings. While it provides access to multiple platforms (ATAS, Quantower, VolSys, and R|Trader) and a highly trusted environment, traders should be aware of the strict rules and limited personalization that may affect their experience.
With account options such as Classic and Prime, accommodating varying levels of investment, The Trading Pit stands as a compelling choice for both novice and experienced traders alike. Write with your thoughts on The Trading Pit Review in the comments below.
