Introduction to Prop Firm in "The Trading Pit"
Two Challenges
1-step and 2-step challenge modes
Scaling Plan
Automatically enter the scaling plan after passing the challenge
Two Kinds of Goods
CFD and Futures Funding Challenges
Customers in some regions (U.S. and Canada) are restricted
The Trading Pit is a Prop Firm established in 2021 and headquartered in Liechtenstein.
The Trading Pit Challenge program is provided to traders who are interested in becoming a funded trader. Traders can obtain large capital injections into their trading accounts if they meet the conditions without violating the rules.
The Trading Pit provides a capital challenge model for CFD and Futures commodities. In the industry, it is rare for prop firms to provide two commodities at the same time.
The Trading Pit (CFD) offers two modes of challenges: Prime and Classic.
Two challenge modes are also offered in The Trading Pit (Futures): Prime and Classic.
These types of proprietary firms can be broadly categorized into Forex Prop Firms and Futures Prop Firms.
However, there are many prop firms in the market, and the industry does not yet have a direct regulatory agency. To screen out unqualified prop firms, they can be evaluated from many levels: the location, withdrawal records, the payment system used, etc.
And this site will continue to pay attention to the prop firm industry, and as far as possible to find out the compliance of prop firms to provide traders with a variety of options, among which this article will introduce the Trading Pit prop firm.
The Trading Pit (Futures) Prop Firm Challenge Rules and Precautions
1 Step & 2 Step
- Time Limit: Prime is 30 days; Classic 20K, 150K, and 200K accounts are 30 days, while 250K is 60 days.
- Daily Drawdown:Varies according to different accounts
- Maximum Drawdown:Varies according to different accounts
- Minimum Trading Day: At least 3 trading days
- Profit targets: Prime has different profit targets for different account sizes; Classic has different profit targets for different account sizes
The Trading Pit (Futures) Allowed and disallowed strategies and behaviors
- No scalping trading (must hold the transaction order for at least 1 minute) soft violation
- Prohibit high-frequency trading strategies (HFT)
- It is forbidden to copy trading (it does not belong to the source of your own trading signals)
- It is forbidden to exceed trading time
- Prohibit high-impact news trading for 2 minutes before and after
- Prohibit weekend positions
- It is allowed to change the IP address every few days (but multiple changes in the IP address within the same day may cause suspicion of account sharing, which is prohibited)
- Allow overnight positions
- Allow copying transactions between own accounts (belonging to the source of your own trading signals)
- Only one funded account is allowed for one customer
The Trading Pit (Futures) Prop Firm Challenge Fees and Basic Rules
The futures funding challenge offers 2 modes: Prime and Classic, each providing different account sizes. The Prime mode consists of only 1-step, while the Classic mode includes both a 1 and 2-step.
Prime Mode:
- $50,000 USD account
- $100,000 USD account
- $150,000 USD account
Classic Mode:
- $20,000 USD account
- $150,000 USD account
- $200,000 USD account
- $250,000 USD account
The fees for the Futures funding challenge modes are one-time payments, not monthly charges. After passing the challenge, only the Classic mode offers a 100% fee refund on the 1st withdrawal (Prime mode does not offer refunds). There is no minimum profit requirement for the 1st profit split withdrawal.
The Trading Pit (Futures) Prime Mode Challenge Fees and Basic Rules
Prime | Account 1 | Account 2 | Account 3 |
---|---|---|---|
Account size | $50,000 USD | $100,000 USD | $150,000 USD |
Challenge Stage | 1 Step | 1 Step | 1 Step |
Time Limit | 30 days (Upgrade) | 30 days (Upgrade) | 30 days (Upgrade) |
Trading Days | 3 days | 3 days | 3 days |
Profit Target | $3000 USD | $6000 USD | $9,000 USD |
Pofit Split | 80% | 80% | 80% |
Challenge Fee | $99 USD | $189 USD | $289 USD |
More Info | Start | Start | Start |
Other Fees for the Prime Mode of The Trading Pit (Futures)
Prime | Account 1 | Account 2 | Account 3 |
---|---|---|---|
Account size | $50,000 USD | $100,000 USD | $150,000 USD |
Time Limit | 30 days | 30 days | 30 days |
Activation Fee | $129 USD | $129 USD | $129 USD |
Upgrade | |||
Upgraded to 60 days | +$70 USD | +$120 USD | +$250 USD |
Upgraded to 90 days | +$120 USD | +$205 USD | +$420 USD |
Account Rescue | |||
Reset | $79 USD | $149 USD | $229 USD |
Extension | $99 USD | $189 USD | $289 USD |
The Trading Pit (Futures) Classic Mode Challenge Fees and Basic Rules
Classic | Account 1 | Account 2 | Account 3 | Account 4 |
---|---|---|---|---|
Account size | $20,000 USD | $150,000 USD | $200000 USD | $250,000 USD |
Challenge Stage | 1 Step | 1 Step | 2 Step | 2 Step |
Time Limit | 30 days (Upgrade) | 30 days (Upgrade) | 30 days (Upgrade) | 60 days (Upgrade) |
Trading Days | 3 days | 3 days | 3 days | 3 days |
Profit Target | $1,000 USD | $5,000 USD | P1&P2: both $3,000 USD | P1&P2: both $3,000 USD |
Pofit Split | 60%-70% | 60%-70% | 60%-80% | 70%-80% |
Challenge Fee | $99 USD | $169 USD | $349 USD | $599 USD |
More Info | Start | Start | Start | Start |
Other Fees for the Classic Mode of The Trading Pit (Futures)
Classic | Account 1 | Account 2 | Account 3 | Account 4 |
---|---|---|---|---|
Account size | $20,000 USD | $150,000 USD | $200000 USD | $250,000 USD |
Time Limit | 30 days | 30 days | 30 days | 60 days |
Upgrade | ||||
Upgraded to 60 days | +$70 USD | +$120 USD | +$250 USD | – |
Upgraded to 90 days | +$120 USD | +$205 USD | +$420 USD | +$420 USD |
Account Rescue | ||||
Reset | $49 USD | $85 USD | $179 USD | $299 USD |
Extension | $99 USD | $169 USD | $349 USD | $599 USD |
The Trading Pit (Futures) Prop Firm Supplementary Rules
Futures funding challenge rules are slightly complicated. The four types of funding accounts have their own rules, so special attention must be paid to them.
The Trading Pit (Futures) Prime Mode Supplementary Rules
Prime | Account 1 | Account 2 | Account 3 |
---|---|---|---|
Account size | $50,000 USD | $100,000 USD | $150,000 USD |
Challenge Stage | 1 Step | 1 Step | 1 Step |
Phase 1 | |||
Contracts | 50 Micros/5 Standard | 100 Micros/10 Standard | 150 Micros/15 Standard |
Daily Pause | $1,000 USD | $2,000 USD | $3000 USD |
Max Drawdown | $2,000 USD (Trailing) | $3,000 USD (Trailing) | $4,500 USD (Trailing) |
The Trading Pit (Futures) Classic Mode Supplementary Rules
Classic | Account 1 | Account 2 | Account 3 | Account 4 |
---|---|---|---|---|
Account size | $20,000 USD | $150,000 USD | $200000 USD | $250,000 USD |
Challenge Stage | 1 Step | 1 Step | 2 Step | 2 Step |
Phase 1 | ||||
Contracts | 10 Micros | 50 Micros/5 Standard | 70 Micros/7 Standard | 100 Micros/10 Standard |
Daily Drawdown | $250 USD | $1,500 USD | $2,000 USD | $2,000 USD |
Max Drawdown | $500 USD (Trailing) | $3,000 USD (Trailing) | $3,500 USD (Trailing) | $5,000 USD (Trailing) |
Phase 2 | ||||
Contracts | – | – | 70 Micros/7 Standard | 100 Micros/10 Standard |
Daily Drawdown | – | – | $1,000 USD | $1,000 USD |
Max Drawdown | – | – | $3,500 USD (Trailing) | $5,000 USD (Trailing) |
The Trading Pit (Futures) Scaling Plan
The Trading Pit (Futures) includes the Classic and Prime models, each with its own expansion plan.
The Trading Pit (Futures) Prime Mode Scaling Plan
The Prime model offers a 1-step funding challenge. Depending on the chosen account size, meeting the conditions allows for the expansion of the number of contracts that can be traded.
The Trading Pit (Futures) Prime Mode Payout Policy
- 80% profit split
- Complete 10 profitable days of 200$+ and request your first payout - Days don't have to be concurrent
- Complete 5 profitable days of 200$+ and request your second payout - Days don't have to be concurrent
- After the 2nd payout, request a payout every 7 days for profits over $200, with no requirement for profitable days
- Payout requests are evaluated within one working day
- After approval you can resume trading while we process the payout
- Payouts are executed every Friday
The Trading Pit (Futures) Classic Mode Scaling Plan
The Classic model offers both 1-step and 2-step funding challenges. Depending on the chosen account size, achieving the profit target will grant access to a profit-sharing account.
Once you get the funded account, you will automatically join the scaling plan and be divided into different levels. The size of the account funds will increase as you rise one level, and the profit-sharing ratio will also grow.
After reaching the profit target of each level, you must withdraw money before you can be promoted to the next level. In the four models, there are also their own capital growth.
The Trading Pit (Futures) Classic Mode Payout Policy
- Traders can earn between 60% to 80% profit share, depending on account
- Complete 3 minimum trading days
- Get paid out only upon reaching the profit targets
- Payout requests are evaluated within one working day
- After approval you can resume trading while we process the payout
- Payouts are executed every Friday
What Instruments does The Trading Pit (Futures) Offer?
The Trading Pit (Futures) provides a variety of futures commodities. You can click on the picture below to view all the commodities provided.
The Trading Pit (CFD) Prop Firm Challenge Rules And Precautions
Prime and Classic mode
- Challenge Period: Unlimited
- Daily Drawdown: Prime mode is 4% for 1-step and 5% for 2-step; Classic mode is 4%.
- Maximum drawdown: Prime mode is 7% for 1-step and 10% for 2-step; Classic mode is 7%.
- Minimum Trading Day: At least 5 trading days
- Profit target: 1-step is 10%; 2-step is 8%/5%.
- Maximum leverage: Prime mode up to 1:50; Classic mode up to 1:30.
The Trading Pit (CFD) Allowed and disallowed strategies and behaviors
- No scalping trading (must hold the transaction order for at least 1 minute) soft violation
- Prohibit high-frequency trading strategies (HFT)
- It is forbidden to copy trading (it does not belong to the source of your own trading signals)
- It is forbidden to exceed trading time
- Prohibit high-impact news trading for 2 minutes before and after
- It is allowed to change the IP address every few days (but multiple changes in the IP address within the same day may cause suspicion of account sharing, which is prohibited)
- Allow weekend positions
- Allow overnight positions
- Allow copying transactions between own accounts (belonging to the source of your own trading signals)
- Only one funded account is allowed for one customer
- If the CFD Challenge account does not trade for 21 consecutive days, the account will be closed and no refund will be made.
The Trading Pit (CFD) Prime Mode Challenge Fee
Prime has 1-step and 2-step challenges, both offering four account sizes: 10K, 20K, 50K, and 100K.
Prime's two types of challenges require attention to the drawdown calculation methods:
- Daily Drawdown: Balance-based
- Maximum Drawdown: Static
The fees are one-time only, not collected on a monthly basis. After passing the evaluation, 100% of the fees will be refunded upon the first withdrawal. There is no minimum profit requirement for the first withdrawal from the profit-sharing account.
Prime 1-Step | Account 1 | Account 2 | Account 3 | Account 4 |
---|---|---|---|---|
Account size | $10000 USD | $20,000 USD | $50,000 USD | $100,000 USD |
Daily Drawdown | 4% | 4% | 4% | 4% |
Max Drawdown | 7% (Static) | 7% (Static) | 7% (Static) | 7% (Static) |
Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Trading Days | 5 days | 5 days | 5 days | 5 days |
Profit Target | 10% | 10% | 10% | 10% |
Pofit Split | 80% | 80% | 80% | 80% |
Challenge Fee | $99 USD | $199 USD | $349 USD | $569 USD |
More Info | Start | Start | Start | Start |
Prime 2-Step | Account 1 | Account 2 | Account 3 | Account 4 |
---|---|---|---|---|
Account size | $10000 USD | $20,000 USD | $50,000 USD | $100,000 USD |
Daily Drawdown | 5% | 5% | 5% | 5% |
Max Drawdown | 10% (Static) | 10% (Static) | 10% (Static) | 10% (Static) |
Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Trading Days | 5 days | 5 days | 5 days | 5 days |
Profit Target | 8%/5% | 8%/5% | 8%/5% | 8%/5% |
Pofit Split | 80% | 80% | 80% | 80% |
Challenge Fee | $99 USD | $199 USD | $349 USD | $569 USD |
More Info | Start | Start | Start | Start |
The Trading Pit (CFD) Prime Mode Scaling Plan
The account balance will be increased by 25% upon meeting the following conditions:
- Account is active for at least 2 months
- Receive at least 2 payouts
- Accumulate a total profit of at least 10% on initial balance
(Example 1)
If the initial account balance is $100,000, the first four scale-ups will each receive $25,000.
From the 5th to the 8th scale-up, based on the new account balance of $200,000, each increase will be $50,000.
Continue to meet the above targets and scale up to $2,000,000.
(Example 2)
Mr. Wang received a $100,000 CFD account. He passed the challenge and received his funded account. Two weeks later, after trading for 8 days, the account balance increased to $104,500. Since he met the following conditions, Mr. Wang decided to withdraw:
- 14 days have passed since his first trade
- At least 5 trading days
- Profits exceeding $100
Three months later, Mr. Wang received four payments totaling $15,000. This made him eligible to request an account balance increase because:
- He has been trading in the same account for two months
- Achieved a total profit of over 10%
- Received more than two payments
Mr. Wang requested an account balance increase, so he must withdraw all profits, leaving the initial account balance of $100,000, to qualify for a new account balance of $125,000 with an adjusted loss limit accordingly.
The Trading Pit (CFD) Prime Mode Payment Policy
- Traders enjoy an 80% profit share
- Payment requests can be made every 14 days, with a minimum amount of $100
- Payment requests will be reviewed within one business day
- Upon approval, traders can continue trading during the payment processing period
- Payments are executed every Friday
The Trading Pit (CFD) Classic Mode Challenge Fee
Classic capital challenge offers 4 account sizes: 10K, 20K, 50K, 100K.
Classic capital challenge mode is a 1-step challenge, please note the drawdown calculation method:
- Daily Drawdown: Equity-based
- Maximum drawdown: Tracking highest equity
The fees are one-time only, not collected on a monthly basis. After passing the evaluation, 100% of the fees will be refunded upon the first withdrawal. There is no minimum profit requirement for the first withdrawal from the profit-sharing account.
Classic | Account 1 | Account 2 | Account 3 | Account 4 |
---|---|---|---|---|
Account size | $10000 USD | $20,000 USD | $50,000 USD | $100,000 USD |
Daily Drawdown | 4% | 4% | 4% | 4% |
Max Drawdown | 7% (Trailing) | 7% (Trailing) | 7% (Trailing) | 7% (Trailing) |
Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Trading Days | 5 days | 5 days | 5 days | 5 days |
Profit Target | 10% | 10% | 10% | 10% |
Pofit Split | 50%-70% | 50%-70% | 60%-80% | 60%-80% |
Challenge Fee | $99 USD | $179 USD | $399 USD | $999 USD |
More Info | Start | Start | Start | Start |
The Trading Pit (CFD) Classic Mode Scaling Plan
The Trading Pit (CFD) provides a 1-stage capital challenge, and a funded account can be obtained by achieving the profit target.
Once entering the profit-sharing account, you automatically join the expansion plan, which is divided into different levels. Except for the daily drawdown and maximum drawdown remaining the same, the account capital size will increase as you move up a level, and the profit-sharing ratio will also grow.
It should be noted that the 50K and 100K accounts have a 10% profit target for completion, but the expansion plan has an 8% profit target.
After reaching the profit target of each level, you must withdraw money before you can be promoted to the next level. In the four models, there are also their own capital growth.
The Trading Pit (CFD) Classic Mode Payment Policy
- Traders can receive 50% to 80% profit sharing, depending on the chosen account
- Payment is received only after reaching the profit target
- Payment requests will be reviewed within one business day
- Upon approval, traders can continue trading during the payment processing period
- Payments are executed every Friday
What Instruments does The Trading Pit (CFD) Offer?
The Trading Pit provides commodities covering major currencies, minor currencies, metals, energy, indexes, US stocks, etc.Basically all major products are available.
You can click on the picture below to view all the products on offer.
"The Trading Pit (CFD)" Prop Firm Trading Environment
Brokers use Orbex, providing the MT4 and MT5 trading platforms. After purchasing an account and logging into the backend, you can find the platform download links. Below are also the download links for MT4 and MT5.
Desktop Trading Platform
- The Trading Pit MT4
- The Trading Pit MT5
"The Trading Pit (CFD)" Prop Firm Read Only Account
The Trading Pit (CFD) provides a read only account, providing traders with an understanding of the trading environment before purchasing a challenge account.
Item | Description |
---|---|
Challenge Type | CFD |
Trading Platform | MT5 |
Server | GBEbrokers-Demo |
Login Number | 825552 |
Investor Password | Trading123! |
The Trading Pit Pros and Cons
- The Trading Pit Pros
- Provide 2 types of capital challenge models for CFD and Futures commodities, with multiple selectivity
- 1-Step and 2-Step Challenge (CFD)
- After the challenge is passed, expand the size of the account funds according to the profit target of each level
- No need to set a stop loss
- Provide up to 80% profit sharing
- The scaling plan provides up to $5 million USD
- Futures Challenge offers a reset account discount
- The Trading Pit Cons Cons
- Restrictions on some areas
"The Trading Pit" Prop Firm Quick Link
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Risk Warning:
Forex and Contract for Difference (CFD) margin trading carries a high level of risk and may not be suitable for everyone. The high degree of leverage can work against you as well as for you. Before deciding to trade forex and CFDs, you should carefully consider your trading objectives, level of experience, and risk appetite. You may sustain a loss of some or all of your initial investment. You should be aware of all the risks associated with forex and CFD trading, and seek advice from an independent financial advisor if you have any doubts.
Please note that before deciding to purchase any retail proprietary trading firm challenge, you should carefully consider the company's challenge trading objectives, drawdown risks, and various rules. You may lose part or all of your initial funds used to purchase the challenge account.
Some proprietary trading firms (Prop Firms) provide all accounts to clients with virtual funds in simulated accounts. All trades are conducted only in a simulated environment. For details, please refer to the announcements on the official websites of each prop firm.