Digital Pit has a team that has worked at high-growth startups, where they built brands from the ground up. They are analytics experts who have a passion for discovering new talents.
- Free trial
- One-phase evaluation
- Up to $1,000,000 capital
- Scaling up program
- Static drawdown
- Overnight and weekend position holding allowed
- News trading allowed
- EA’s and algorithms allowed
- No limit to your trading style
- Partnered with EightCap broker
- Relatively new prop firm
- Maximum daily profit limit
- Low leverage 1:1, 15:1 & 30:1
Traders at Digital Pit are encouraged to be successful in their careers. The main priority that they expect from their clients is that they are disciplined individuals who properly manage risk and focus on long-term consistency. They allow them to earn high profits by managing $100,000 maximum allocation per trader or strategy before scaling, and account sizes scaled up to $1,000,000 while taking home profit splits of 70%. They can achieve this by trading Forex pairs, metals, commodities, indices, and cryptocurrencies.
Who are Digital Pit?
Digital Pit is a proprietary firm incorporated on the 24th of September, 2021. Their offices are located in Singapore and Taiwan while offering undercapitalized traders capital up to $50,000 per trader or strategy before the option to scale up your balance with profit splits of 70%. They are partnered with Eightcap as their broker, an ASIC-regulated broker in Melbourne, Australia.
Their headquarters are located at SUNTEC TOWER ONE, 7 TEMASEK BOULEVARD, Postal 038987, #12-07.
Funding program options
You can choose from the following account sizes:
- $10,000 account for $78
- $25,000 account for $178
- $50,000 account for $278
- $100,000 account for $478
Digital Pit requires its traders to complete a one-stage evaluation process where they are required to hit a profit target of 8% in a maximum trading period of 30 days. Your main rule to avoid is the 4% maximum static loss. There is also a maximum daily profit of 2.5%, meaning that you cannot complete the challenge in a day, but you will require a minimum of four days to complete it. You will be allowed to trade forex pairs, metals, oil, indices, and cryptocurrencies with up to 30:1 leverage.
After finishing stage one, you become a funded trader and are eligible for profit splits of 25%. You are required to reach a profits target of 5% without hitting a maximum static loss of 4% to receive an upgrade to your account.
When your account is upgraded, you start receiving 70% profit splits on all the profits you acquire. The only rule you have to respect is a maximum static loss of 4%. You will also receive your initial fee refunded to you for successfully upgrading your funded account.
What makes Digital Pit different from other prop firms?
Digital Pit has a low leverage rate ranging from 1:1 to 30:1 and a Profit Target of 8% for their 1-stage evaluation compared to other prop firms. Comparing that to other firms with 2-Phase Evaluation Processes like FTMO, My Forex Funds, and The Funded Trader Program makes it less difficult to achieve successfully.
The 1-step evaluation also has a maximum daily profit of 2.5%, which makes the challenge possible to complete in a minimum of four days. That being said, it makes it possible to achieve in a shorter period than at other prop firms such as FTMO, which has a 10-day minimum trading days rule, and My Forex Funds with a 5-day minimum trading days rule.
In conclusion, getting funded by Digital Pit can be acquired by many different trading strategies. This is primarily due to their relatively relaxed trading rules and widespread trading instruments that you can use.
Is getting Digital Pit capital realistic?
It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.
After considering all of that, Digital Pit is an excellent choice to get funded since you only have to pass a 1-stage evaluation. That paired with relatively relaxed trading rules and various trading instruments you can use makes it a great combination to succeed.
The rules of the 1-step evaluation are realistic since the profit target is 8% with a 4% maximum static loss. Overnight holding, weekend trading, and news trading are also allowed, which is excellent for every trader looking to work with capital up to $1,000,000.
Digital Pit was incorporated on the 24th of September, 2021, so they are still a relatively new proprietary firm.
You can see an example of payment proof in a certificate below:
Which broker does Digital Pit use?
Digital Pit has integrated its technology with a broker EightCap, an ASIC-regulated broker in Melbourne, Australia. They were founded in 2009 with a simple, straightforward mission to provide exceptional financial services to their clients. They have five offices around the globe and regulation in multiple locations providing clients worldwide with the ability to trade on markets across FX, indices, commodities, and shares.
EightCap is considered average-risk, with an overall Trust Score of 73 out of 99. They have the following features:
- Forex Trading
- CFD Trading
- Cryptocurrency Trading
- Social Trading/Copy-Trading
- A total of 326 Tradeable Symbols
- A total of 45 Forex Pairs
They offer two account types, one being Raw and one Standard. The commissions and fees will depend on which of the two you choose. Prices for Standard accounts are built into a spread and for Raw accounts into a commission.
They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for you to trade on and have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards for doing so.
As for trading platforms, they allow you to trade on MetaTrader 4.
Digital Pit offers a large variety of trading instruments. You are allowed to trade Forex pairs, metals, commodities, indices, and cryptocurrencies.
|FOREX||7 USD / LOT|
|COMMODITIES||0 USD / LOT|
|INDICES||0 USD / LOT|
|CRYPTO||0 USD / LOT|
In order to check the live spreads login to the trading account below:
|Platform||Server||Login number||Password||Download platform|
|MetaTrader 4||EightcapLtd-Demo3||19922367||ZGV8BVsB||Click here|
Education & Support for traders
To see the mentioned thread click here.
They also provide a well-structured dashboard that all of their traders can access, making it easier to manage risk with all the statistics displayed.
Traders comments about Digital Pit
Digital Pit has great feedback from their reviews.
On Trustpilot, they have a large variety of their community commenting and giving positive feedback with a great score of 4/1 out of 5 reviews. They also have a reliable support team that will provide you with all the necessary information you require from them.
A vast majority of their community praises their 1-stage challenge with their maximum static loss, making it easier to achieve compared to other firms.
Another positive feature is their well-structured dashboard that helps you control your progress and manage risk more efficiently.
Social media statistics
Digital Pit has no social media websites.
They also have active live chat support on their website, where you can message them, and you will get a reply in a couple of minutes.
You can also contact them with your message on their website by clicking here.
In conclusion, Digital Pit is a legitimate proprietary trading firm offering funding upon completing its 1-stage evaluation. With funding from $10,000 up to $1,000,000 in balance with a 70% profit split. It’s a great firm for any trader because of the relaxed trading rules and the possibility of getting a funded $1,000,000 in balance trading account after scaling up.
I would recommend Digital Pit to anyone getting consistent results with their trading strategies and looking to trade with a balance of up to $1,000,000. While they are still a relatively new firm, they offer excellent conditions with the 1-stage evaluation for various traders with different strategies. Compared to FTMO, The Funded Trader Program, and My Forex Funds, this is a significant difference as they all have 2-stage Evaluation processes.
This review about Digital Pit was lastly updated on 26.08.2022 at 10:18 (CE(S)T).
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