The Trading Pit

OVERVIEW

The Trading Pit, under the leadership of CEO Thomas Heyden, operates out of Liechtenstein. The firm partners with two brokers: FXFlat and GBE Brokers, committing to providing diverse trading platforms. Traders have access to a variety of platforms including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for CFDs, as well as specialized platforms like Quantower and Bookmap for Futures. The Trading Pit offers a range of account sizes, from $10,000 to $100,000, catering to traders of varying capital levels. Notably, the firm employs a single-phase evaluation process, with profit targets set at either 8% or 10%. The profit split offered to traders ranges from 50% to 60%, depending on the account type. With a maximum daily loss limit set at 5% and a total drawdown limit of 10%, The Trading Pit sets limits to encourage responsible trading practices. In terms of trading instruments, the firm offers a wide variety, including Forex, indices, commodities, cryptocurrencies, shares, and futures. Leverage varies based on the asset class and the chosen broker. When trading MT4 with GBE, leverage is set at 1:20 for FX currency pairs, 1:10 for indices and commodities, 1:02 for CFDs on stocks, and 1:02 for CFDs on cryptos.

  • Forex
  • Indices
  • Commodities
  • Crypto
  • Shares
  • Futures

MT4 GBE

  • FX Currency Pairs: 1:20
  • Indices: 1:10
  • Commodities: 1:10
  • CFDs on Stocks: 1:02
  • CFDs on Cryptos: 1:02

MT5 GBE

  • 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

MT5 FX FLAT

  • 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
  • When trading with GBE Brokers, the floating spread starts from 0 with 7$ commission per lot on FX.
  • When trading with FXFlat, the floating spread average is 7 points on EURUSD. CFD’s are commission free.

At The Trading Pit, Traders can scale their accounts from initial sizes of up to $100,000 to a substantial $5,000,000. This scale-up journey is marked by the achievement of set profit targets. Every time a trader meets these targets, they not only receive a pay-out but also unlock larger account sizes in the future. For example, the trader’s first milestone may be to achieve a 10% profit on their initial capital. So, they aim to earn $10,000, which would be 10% of their starting amount. Once this target is met, the trader sets a new, higher profit target, and continues this process. Each successful achievement contributes to the gradual growth of the account from $100,000 to $5,000,000. Additionally, traders can start earning from Day 1, with the promise of getting paid the following Friday for every profit target met. This swift turnaround between achieving targets and receiving pay-outs can aid the trading experience.

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