The Trading Pit Breakdown

Today, we are going to do a breakdown of The Trading Pit and what they are offering to its traders worldwide. They have a goal of equipping traders with knowledge and the tools that are necessary in becoming successful partners to the firm. To become one of their funded traders, an individual must first pass a challenge to demonstrate their trading knowledge and discipline. Upon successful completion of the challenge, traders are rewarded with a 50% up to 80% profit share on all of their future payouts.

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 with a profit split of 50% up to 80%. They have integrated their technology with two brokers FXFlat and GBE Brokers, while also looking to add more to the list rapidly.

They are a registered company under the official name The Trading Pit Challenge GmbH and have been operating since May 2021.

The Trading Pit offers its prop traders regulatory and structural support while conducting business with transparent and equitable policies. In addition, they also managed to create a network of experienced traders and a library of educational resources where new traders could learn and improve along the way. You can learn more about their educational content on their website.

Thomas Heyden is the CEO of The Trading Pit, who studied finance, insurance, and capital market theory at the Johann-Wolfgang-Goethe University and graduated successfully. He is a certified financial analyst who has worked for German banks and international investment houses.

According to Mr. Heyden, he believes in the importance for the company to support traders while attending to the regulatory, structural, and funding requirements.

With The Trading Pit, traders can choose between three one-step challenge accounts and a two-step challenge account. Account sizes range from $20,000 up to $100,000 while having specific rules and objectives such as profit targets, maximum daily loss, maximum trailing drawdown, minimum and maximum trading days, and a consistency rule. While trading on their evaluation or funded accounts, traders are allowed to trade forex pairs, commodities, indices, bonds, stocks, and cryptocurrencies.

For anyone interested in The Trading Pit, we suggest that you check our in-depth review to learn more about the proprietary trading firm and its offerings!