CEODaniela Egli
Country
flag
LI
Date Created10/1/2022
Years in Operation4

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

All account:

  • Forex: 1:50

  • Metals: 1:10

  • Energy: 1:10

  • Cash Indices: 1:15

  • Crypto: 1:2

  • Equities: 1:2

Commissions

Challenge account

  • Forex: $5 per lot

  • Metals: $5 per lot

  • Energy: $5 per lot

  • Cash Indices: $5 per lot

  • Crypto: 0.20%

Instant account

  • Forex: $6 per lot

  • Metals: 0.0016% per lot

  • Crypto: 0.06% per lot

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

Earning Accounts

  • Maximum: 8 active Earning Accounts.

  • Maximum total allocated starting balance: $400,000.

If you pass additional Challenges while already holding the maximum allocation, the additional upgrades can remain queued until an existing Earning Account is terminated.

Daily & Maximum Loss

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

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

  • 2 Step (50k-100k): Daily Loss 4% / Maximum Loss 8%

  • Instant: No Daily Loss / 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, for 50k and 100k account 0.5% floating drawdown is not allowed

  • Maximum risk per trade idea: 1.5% of the initial account balance.

  • All positions related to the same trading idea count as one trade idea.

  • Multiple entries on the same instrument count as one trade idea.

  • Correlated instruments may also count as one trade idea.

  • Splitting a position into multiple trades does not reduce the total risk.

  • A warning is issued when risk reaches 1%.

  • First violation: Warning + forced position closure.

  • Second violation: Account breach.

  • The rule applies to open and closed positions and real-time equity.

  • Accounts up to $50,000: automated enforcement is removed, but the rule remains applicable and is manually monitored by the Risk Team.

  • CFD Prime 1-Phase $100K and $200K: the 1.5% Risk per Trade Idea rule continues to apply regardless of when the account was created.

Consistency Rules

1 Phase – $100K and $200K accounts

  • Consistency: 50%

1 Phase – other account sizes

  • Consistency: None

2 Phase

  • Consistency: None

Instant

  • Consistency: 30%

Minimum Trading Days

  • 1 Step & 2 Step Challenge ONLY: 3 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

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