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TheTradingPit
|
CEO |
Country |
Trust Pilot |
Date of creation |
Years |
|
Daniela Egli |
🇱🇮 Liechtenstein |
⭐4.5 |
October 2022 |
2 years |
The Trading Pit Evaluation Programs and Accounts
Company details for The Trading Pit
The Trading Pit is a financing firm that offers traders the opportunity to trade with professional capital without using their own money, provided they pass an initial challenge. Upon passing, they can access a funded account, earn up to 80% of the profits, and scale their capital up to five million dollars, within a transparent, global model focused on promoting the financial independence of each trader.
Overview of The Trading Pit
Broker:
Platforms:
Payment methods
Payment methods when purchasing:
Withdrawal methods:
Available instruments and assets
Instruments:
Assets
Leverage Table
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Assets |
Instant |
1-Step |
2-Steps |
3-Steps |
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Forex | ||||
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Metals | ||||
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Indices | ||||
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Crypto | ||||
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Stocks | ||||
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Commodities |
Commissions
💹 Forex
In Forex, each lot traded generates a commission of $4.
📊 Indices
No commissions are applied, which favors trading with these low-cost instruments.
💰 Crypto
No commissions, allowing access to the digital asset market without additional costs.
⛏️ Metals
As in Forex, each lot carries a commission of $4.
⚡ Stocks
No commissions are charged, which encourages trading in this sector.
⚡ Commodities
Also commission-free, encouraging diversification without additional expenses.
📊 Consistency Rules
At The Trading Pit, traders have complete freedom in terms of the consistency of their trades. There are no specific rules restricting the contribution of a single trade to total profits in an evaluated period or in funded accounts.
📑 The Trading Pit Rules
The company rules at The Trading Pit are structured to safeguard the integrity of trading and ensure a fair and disciplined environment for all traders.
💻 Copy Trading
Copy trading is only permitted between a trader’s own accounts at The Trading Pit. This includes the option to replicate transactions between funded accounts and challenge accounts. This flexibility allows traders to maintain consistency across their accounts without violating the platform’s rules.
🤖 Expert Advisors EAs
EAs are permitted as long as they do not engage in prohibited activities as defined in the terms and conditions. This allows for the automation of strategies without compromising the fairness and security of the system.
📰 Trading During News Events
For $5K, $10K, $20K, and $50K CFD accounts, trading during news events is permitted. However, opening trades 2 minutes before and after high-impact economic events is prohibited for $100K and $200K accounts in order to safeguard the stability of accounts against sudden market movements.
⏳ Inactivity Rule
If no trades are made for 21 consecutive days, the account will be considered inactive and will be suspended. This rule promotes discipline and continuous work on the part of the trader.
🎲 Gambling and inconsistent trading
Traders must maintain consistent lot sizes, which demonstrates a strategic and disciplined approach to their trades.
📅 Minimum Trading Days
To qualify for the CFD Prime Challenge program, you must have at least 3 days of profitable trades.
⚡ Gap Trading Rule
When the market will be closed for two or more hours, no trades are allowed in the two hours prior to closing.
Before global events, earnings announcements, or relevant news that could cause significant price gaps, no trades are allowed.
🚫 Prohibited Strategies
Martingale and Grid strategies are strictly prohibited.
In addition, overexposure or overleveraging in any trade is prohibited, ensuring responsible and sustainable trading.
💸 The Trading Pit Payment Policy
In the CFD Prime program, traders have the option to request payments every 14 days, provided they meet the established activity requirements. When 5 unique days of profitable trading are achieved, an 80% profit split is implemented, meaning that the trader retains most of their profits and The Trading Pit only retains 20% as a commission for the service and account management.
The minimum payout amount is $100, which allows traders to withdraw profits easily and maintain a steady cash flow. This approach aims to balance trading discipline with the opportunity to earn regular profits, thereby promoting responsible and consistent tactics.
🌍 Restricted Countries
🇰🇵 North Korea
🇺🇸 United States
🇸🇸 South Sudan
🇨🇦 Canada
🇧🇮 Burundi
🇨🇺 Cuba
🇸🇩 Sudan
🇮🇷 Iran