Effective from June 1- The Trading Pit New Changes!

The Trading Pit had some significant changes and updates to its trading conditions. They designed this to guarantee all their clients a fair and optimal trading environment.

Starting from Thursday, 1st of June 2023, the firm prohibits the following strategies, and any account caught engaging in these activities will violate their terms and conditions, leading to the implementation of necessary actions. 

The Trading Pit New Changes

The exploitation of Price Discrepancies or Glitches: Arbitrage Trading Exploiting price discrepancies or glitches between clients’ feeds and other feeds, commonly known as arbitrage trading, is strictly forbidden.

High-Frequency Trading (HFT): They now prohibit rapid and automated trading execution, characterized by its fast and automated nature. This change aims to promote a more balanced and stable trading environment, enhancing the overall trading experience for all clients. 

News Trading Restrictions: They now prohibit trading based on news events, including pending orders, within a two-minute timeframe before and after the release of important news. They made this adjustment to reduce potential volatility and safeguard clients from unfavorable market conditions linked to news-related trading.

Copy Trading: They no longer permit the practice of copying trades, whether from your account or another trader. This adjustment ensures that each client is responsible for trading decisions, promoting individual growth and accountability. 

EA’s Utilizing Tick Scalping: The usage of Expert Advisors (EAs) that engage in tick scalping is now disallowed. This change aims to maintain a fair-trading environment by discouraging trading practices. This may disrupt market liquidity or hinder the execution of trades for other participants. 

About The Trading Pit

The Trading Pit is a proprietary firm that is based in Lichtenstein. They offer motivated traders account sizes up to $100,000 with a scaling plan of up to $5,000,000 and a profit split of 50% up to 80%. They have integrated their technology with two brokers FXFlat and GBE Brokers.

For more info, read the Review or use our discount code (FPREVIEWS20OFF) for a 20% discount!