FXFlat

GBE Brokers

The Trading Pit

Established in October 2022 and headquartered in Vaduz, Liechtenstein, The Trading Pit provides a range of challenges across CFDs and Futures, with account sizes tailored to fit different levels of traders. 

With their unique approach of unlimited challenge durations, refundable fees, and high-profit splits, The Trading Pit ensures traders have every opportunity to succeed. 

Backed by Pinorena Capital and supported by a robust legal framework, The Trading Pit is a trustworthy and innovative platform for aspiring and experienced traders alike.

## About The Trading Pit Prop Firm: An Overview

### Legal Company Name

The Trading Pit Challenge GmbH

### Address Details

Heiligkreuz 6, 9490, Vaduz, Liechtenstein

### Founding Year

October 2022

### Registration Location

Liechtenstein

### Executive Team

Illimar Mattus (Founder, representing Pinorena Capital)

## Trading Platforms

The Trading Pit supports multiple trading platforms, including:

- MT4
- MT5
- ATAS
- Quantower
- R/Trader
- Bookmap

## Instruments Available at The Trading Pit

The Trading Pit offers trading across a variety of instruments:

- Forex
- Indices
- Commodities
- Crypto
- Shares
- Futures

## How to Make Payments at The Trading Pit Prop Firm

The Trading Pit supports a variety of payment methods, including:

- Credit Cards
- Apple Pay
- Google Pay
- Cryptos
- BinancePay
- Online bank transfers (regional availability)

## Account Sizes

The Trading Pit offers different account sizes depending on the challenge type:

### CFDs

- **Lite**: $10,000
- **Standard**: $20,000
- **Executive**: $50,000
- **VIP**: $100,000

### Futures

- **Lite**: $20,000
- **Standard**: $150,000
- **Executive**: $150,000
- **VIP**: $250,000

## Profit Splits in The Trading Pit Prop Firm

Profit shares vary by account type:

- Lite: 50% up to 70%
- Standard: 50% up to 70%
- Executive: 60% up to 80%
- VIP: 60% up to 80%

## Profit Targets for The Trading Pit Prop Firm

### CFDs

- Lite: $1,000 (10%)
- Standard: $2,000 (10%)
- Executive: $5,000 (10%)
- VIP: $10,000 (10%)

### Futures

- Lite: Phase 1 - $1,000
- Standard: Phase 1 - $5,000
- Executive: Phase 1 - $3,000, Phase 2 - $3,000
- VIP: Phase 1 - $3,000, Phase 2 - $3,000

## Maximum Daily Drawdown and Loss at The Trading Pit Prop Firm

### CFDs

- Lite: $400 (4%) daily, $700 (7%) maximum
- Standard: $800 (4%) daily, $1,400 (7%) maximum
- Executive: $2,000 (4%) daily, $3,500 (7%) maximum
- VIP: $4,000 (4%) daily, $7,000 (7%) maximum

### Futures

- Lite: $250 daily, $500 maximum
- Standard: $1,500 daily, $3,000 maximum
- Executive: $2,500 daily, $3,500 maximum
- VIP: $2,500 daily, $5,000 maximum

## Minimum/Maximum Trading Days Required at The Trading Pit Prop Firm

### CFDs

- Minimum: 5 days
- Maximum: Unlimited

### Futures

- Minimum: 3 days per phase
- Maximum: 30 days (extendable)

## Steps Available Across Challenges

1. **Take the Challenge**: Prove your trading skills.
2. **Access Your Earning Account**: Trade with virtual assets, deliver signals, and climb account levels.
3. **Scale Up to €5M**: Earn from day 5, hit targets, and get paid every Friday.

## Pricing for The Trading Pit Prop Firm Challenge

### CFDs

- Lite: €99
- Standard: €179
- Executive: €399
- VIP: €999

### Futures

- Lite: €99
- Standard: €169
- Executive: €349
- VIP: €599

## Commissions and Fees at The Trading Pit Prop Firm

When trading with GBE Brokers, the floating spread starts from 0 with a $7 commission per lot on FX. CFDs on stocks and cryptos are commission-free.

## The Trading Pit Prop Firm: Refund Policies

- Refund within 14 days of purchase if no trading activity has occurred.
- Refund of the initial Challenge fee upon completing Level 1 of the Scaling Plan.
- Resets and extensions are non-refundable.

## Trial Offers at The Trading Pit Prop Firm

Currently, The Trading Pit does not offer free trial demo accounts but is working on providing this feature in the near future.

## Payout Schedules of The Trading Pit Prop Firm

- Weekly payouts every Friday.
- Crypto transfers processed within the day.
- International Wire/SWIFT: 5-7 business days.
- SEPA Transfer: 1-3 business days.

## Advantages and Disadvantages

(according to Trustpilot Reviews)

### Positive Reviews

- **Trustworthy Partner**: New traders feel confident with Trading Pit due to their reliability and transparency.
- **Responsive Customer Support**: Quick refunds and proactive outreach from lead traders, indicating a customer-focused approach.
- **Timely Payouts**: Users appreciate on-time payouts and reasonable trading rules, profit targets, and drawdowns.
- **Transparency and Variety**: Clear rules, multiple broker choices, and the ability to trade CFDs through Metatrader are highly valued.
- **Generous Compensation**: Instances of offering 100% vouchers to compensate for inconveniences, showing commitment to customer satisfaction.

### Negative Reviews

- **Delayed Account Transfers**: Some users experienced delays in account transfers, though these were eventually resolved with satisfactory compensation.
- **No Significant Negative Feedback**: Generally, no major issues beyond occasional delays and customer mistakes.

## FAQ Section

### Which platforms can I use for Futures trading?

For Futures Challenges, the trading platforms currently supported are ATAS, Quantower, and R/Trader. Additionally, accounts are compatible with Sierra Charts, Jigsaw, and Volfix, but these require separate licenses.

### Can I get a refund if I decide I don't want to take the Challenge?

Yes, you can request a refund within the first 14 days of your purchase as long as there has been no trading activity on your account.

### Can I get a refund after I move to the Scaling Plan?

You will receive a refund of your initial Challenge fee once you have successfully completed one of the Challenges and passed Level 1 of the Scaling Plan. Note that any Resets or Extensions purchased are non-refundable.

### Do you offer free trials?

Currently, The Trading Pit does not offer free trial demo accounts. However, they are actively working on solutions to provide this feature in the future.

### In what currency can I receive my payout?

The Trading Pit has accounts in Euro, US Dollar, and Crypto. You can choose your preferred method and currency upon providing your KYC documents for payout. If your profits were generated trading a EUR account but you want to get paid out in USD, you will receive the amount based on the currency exchange rate of that day.

### What is your payout policy?

To request a payout, reach the profit target on your Earning account and click on "Request Withdrawal" via your Client Area. Ensure your KYC is completed and your preferred payout method is uploaded. If your KYC is approved by Monday, you will be paid the following Friday. If not approved by Tuesday morning, the payout will be executed the following Friday. 

Transfer times are within the day for crypto transfers, 5-7 business days for International Wire/SWIFT, and 1-3 business days for SEPA Transfer. For Crypto payouts, ensure you select the correct network type. Crypto transactions cannot be reversed once sent.

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The Trading Pit - 20K - 1 Step - 60%