Profile

The Trading Pit

CEODaniela Egli
Country
flag
LI
Date Created10/1/2022
Years in Operation4
The Trading Pit logo
The Trading Pit
20%OFF

The Trading Pit Prop Firm Details

Firm Overview

Broker:

TickmillTickmill

Platform:

cTradercTraderMT4MT4MT5MT5

Payment Methods:

PaypalPaypalSkrillSkrillGiropayGiropayNetellerNetellerApple PayApple Pay Credit Card Credit Card Google Pay Google PayCryptoCryptoBank TransferBank Transfer

Payout Methods:

CryptoCryptoBank TransferBank Transfer

Type of Instruments:

forexcfdcryptometals

Leverage

FX

  • 1 Step 1:50

  • 2 Steps 1:50

  • instant 1:50

Indices Metals & Commodities

  • 1 Step 1:10

  • 2 Steps 1:10

  • instant 1:10

Crypto & Stocks

  • 1 Step 1:2

  • 2 Steps 1:2

  • instant 1:2

Commissions

FX & Metals

  • $5/lot

Indices Crypto Stocks & Other Commodities

  • None

Account Sizes

  • 1 Step | $5k to $200k

  • 2 Step | $5k to $100k

  • instant | $5k to $20k

Max Allocation

  • You can merge your accounts up to $400k for both challenges and funded accounts

Daily & Maximum Loss

  • 1 Step: Daily Loss 3% / Maximum Loss 6%

  • 2 Step: Daily Loss 5% / Maximum Loss 10%

  • instant: Daily Loss 3% / Maximum Loss 6%

Drawdown

Phase 1

  • 5k - 10k - 20k - 50k: Static Balance Based Drawdown

  • 100k - 200k: Trailing Drawdown

Phase 2

  • 5k - 10k - 20k - 50k: Static Balance Based Drawdown

  • 100k: Trailing Drawdown

instant

  • all account size :Trailing Drawdown

Risk Management

You must hold trades for a minimum of 1 minute

  • instant : 1% floating drawdown is not allowed for any open trades. Breaking this rule will lead to account closure

Consistency Rules

  • No consistency rule

  • instant: 30%

Minimum Trading Days

  • 1 Step & 2 Step Challenge ONLY: 5 profitable days (0.5%)

  • instant : no minimum trading days

News Trading

Allowed

  • News trading is allowed in all challenges

  • News trading in funded accounts is allowed only for accounts below $100k

Not Allowed

  • Funded accounts for both $100k and $200k

  • Open/close a position 2 minutes before & after a High Impact News event

Overnight & Weekends Holding

  • Allowed in all challenges & funded accounts

Copy Trading

Allowed

  • You are allowed to use a trade copier across all The Trading Pit challenges & funded accounts

  • You are allowed to use a trade copier from your The Trading Pit accounts to an external account, or vice versa

  • All accounts must be under your name

Best website/app to copy trades between your own accounts:

https://bit.ly/4kZqXSJ

Not Allowed

  • Copying trades from another trader’s account (signals, purchased strategies, social copy platforms)

  • Copy trading from different user to The Trading Pit accounts

Experts

Allowed

  • Trade using your own Expert Advisor

Not Allowed

  • Prohibited activities like scalping for few seconds, perform HFT, hedge, & arbitrage

VPN/VPS

  • Allowed the use of a VPS ONLY for your Expert Advisor

Profit Share

  • 1 Step: 80%

  • 2 Step: 80%

  • instant: 80%

Payout Policy

  • Minimum amount to withdraw is $100

  • Complete 5 unique trading days for each payout

  • Payout request every 14 days

instant :

  • For all rewards, the maximum withdrawal amount is the lower of $2,500 or 50% of the total realized profit.

Scale Up Plan

  • CFD Scaling Plan: Account balance increased by 25% when account is active for at least 2 months, trader receives at least 2 payouts and accumulates a total profit of at least 10% on initial balance.

  • Every 4th scale-up act as a milestone, where the new scaled balance becomes the basis for subsequent 25% increases.

Inactivity Rules

  • If no trades are opened within 21 days after warnings, the account will be closed

Prohibited Strategies

  • Martingale

  • HFT

  • Less than 1 minute scalping

  • Arbitrage

  • Hedging

Restricted Countries

Burundi
Burundi
Cuba
Cuba
Iran
Iran
North Korea
North Korea
Sudan
Sudan
South Sudan
South Sudan
Syria
Syria

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