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The Trading Pit-Some Important Details about This Broker

WikiFX | 2025-04-29 10:23

Abstract:The Trading Pit is an award-winning global proprietary trading firm, aiming to challenge the conditions that traders have been working under for years. The Trading Pit boasts that it offers global access to all major asset classes, including forex, stocks, ETFs, Futures, Options, and Cryptos.

The Trading Pit Review Summary
Founded2004
Registered Country/RegionGermany
RegulationNot Regulated
Market Instrumentsforex, commodities, indices, crypto & stocks CFDs
Demo AccountNot Mentioned
LeverageUp to 1:50
Customer Supportsupport@thetradingpit.com
+4232379000

The Trading Pit Information

The Trading Pit is a fintech-focused private equity firm. The platform offers global access to all major asset classes, including forex, commodities, indices, crypto & stocks CFDs on the global markets. It designs different plans for CFDs trading and Futures trading, where clients can choose an evaluation type that aligns most with their trading style and risk tolerance.

The Trading Pit Information

Pros and Cons

Pros Cons
  • Offers multiple assets to trade
  • Lack of regulation
  • Offers many different account types
  • Limited information on trading fees and platform
  • Less flexible leverage

Is The Trading Pit Legit?

The Trading Pit is an unregulated broker. The WHOIS search shows the domain thetradingpit.com was registered on October 13, 2004. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.

Is The Trading Pit Legit?
Is The Trading Pit Legit?

What Can I Trade on The Trading Pit?

The Trading Pit gives clients the opportunity to trade forex, commodities, indices, crypto & stocks CFDs on the global markets.

Tradable Instruments Supported
Forex✔
Stocks✔
Commodities✔
Indices✔
Crypto✔
Shares❌
Metals❌
What Can I Trade on The Trading Pit?

Trading Plans

The Trading Pit has designed various trading plans or accounts for CFDs trading and Futures trading.

For CFDs trading, you can “Build Your Challenge” with two evaluation types: 1-Phase Evaluation with fast progress and limited drawdowns, and 2-Phase Evaluation with steady progress and extended drawdowns. You can select an initial account balance ranging from $5,000 to $200,000.

You will get your own “Order Summary” based on the selected configuration, detailing parameters like daily and maximum drawdown, profit target, minimum trading days, profit share, and the price.

Trading Plans

For futures trading, there are PRIME and CLASSIC programs. PRIME offers three plans with the same activation fee of $129 and an 80% share profit. The most popular PRIME program is the $189 contract with an account balance of $100,00.

Account BalancePriceContractsDaily PauseMax DrawdownResetExtend
$50,000$995 Standard / 50 Micros$1,000$2,000$79$99
$100,000$18910 Standard / 100 Micros$2,000$3,000$149$189
$150,000$28915 Standard / 150 Micros$3,000$4,500$229$289
Trading Plans

CLASSIC program offers four plans with no activation fee. If you're starting out or prefer lower risk, the $20,000 plan offers the lowest entry price and drawdown. For higher potential profit share and more trading capacity, consider the $200,000 or $250,000 plans.

Account BalancePriceContractsMax DrawdownProfit ShareResetExtend
$20,000$9910 Micros$500Up To 70%$49$99
$150,000$1695 Standard / 50 Micros$3,000Up To 70%$85$169
$200,000$3497 Standard / 70 Micros$3,500Up To 80%$179$349
$250,000$59910 Standard / 100 Micros$5,000Up To 80%$299$599
Trading Plans

Leverage

The leverage offered for different CFD instruments includes 1:50 for Forex, 1:10 for Metals, Energies, and CFD Cash Indices, and 1:2 for Crypto and Equities.

Deposit and Withdrawal

The Trading Pit supports many payment methods, including Credit Cards, PayPal, Apple Pay, Google Pay, Cryptos, and BinancePay. Online bank transfers are also available based on the region. But other information, like the minimum amount or the fees for deposit and withdrawal, is not provided.

Trading Plans

Forex tradingForex Broker

Related broker

No Regulation
The Trading Pit
Company name:Futures.de GmbH
Score
1.42
Website:https://www.thetradingpit.com/
2-5 years | Suspicious Regulatory License | Regional Brokers | High potential risk
Score
1.42

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