The Trading Pit has the goal of being the new global standard in trading and investing. They equip traders with the knowledge and tools that are necessary in becoming successful partners of the firm. Their belief is that partnering with traders is the only way to move forward and grow together during the process.
The Trading Pit is a proprietary trading firm with the legal name The Trading Pit Challenge GmbH that was incorporated in February 2022. They are located in Vaduz, Liechtenstein, as well as in Limassol, Cyprus and Alcobendas, Madrid, and are being managed by CEO Thomas Heyden. The Trading Pit provides traders with the opportunity to choose between three account types, a two-step evaluation, and two one-step evaluations while being partnered with FXFlat and GBE Brokers as their broker.
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.
Thomas has launched and managed multiple investment funds for his own regulated company. He has also received the German Fund Award for his investment fund back in 2009.
In addition to his work in the fund management and trading industries, he was also responsible for hedging commodity price risks for major German companies and the largest public transport companies in Europe. He is a very desirable speaker on commodity prices and foreign exchange risks for medium-sized businesses in Germany.
The Trading Pit is a proprietary trading firm that was incorporated in February 2022. They have a large community of traders who have reached funded status and successfully qualify for a profit split.
While working with The Trading Pit and reaching funded status with the Prime Two-phase Evaluation, Prime One-phase Evaluation, or Classic One-phase Evaluation, you will be eligible to receive your first payout of a minimum of $100 after 14 calendar days. However, after your first payout, you will also be eligible to receive payouts if you exceed the minimum withdrawal amount of $100 every 14 calendar days. Your profit split will consist of a generous 80% based on the profit that you generated on your funded Prime Two-phase Evaluation and Prime One-phase Evaluation, while the Classic One-Phase Evaluation will provide you with a generous profit split of 50% up to 70% on your $10,000 or $20,000 account size and 50% up to 80% on your $50,000 or $100,000 account size.
When it comes to The Trading Pit payment proof, you can find it on numerous websites. One example is Trustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof of The Trading Pit is their Discord channel and YouTube channel, where you can find numerous payout certificates and interviews of the most successful traders.
Examples of Payout Certificates and Payment Proof can be seen in the images below.
In conclusion, The Trading Pit is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between three funding programs: the Prime Two-phase Evaluation, which is a two-step challenge, and the Prime One-phase Evaluation and Classic One-phase Evaluation, which are one-step challenges.
The Trading Pit’s Prime Two-phase Evaluation is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach profit targets of 8% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during either evaluation phase. However, you are required to trade for a minimum of 5 calendar days in each evaluation phase. Finally, it’s essential to note that the Prime Two-phase Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.
The Trading Pit’s Prime One-phase Evaluation is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach a profit target of 10% to become successfully funded. These are realistic trading objectives, considering you have a 4% maximum daily and 7% maximum loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during the evaluation phase. However, you are required to trade for a minimum of 5 calendar days during the evaluation phase. Finally, it’s essential to note that the Prime One-phase Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.
The Trading Pit’s Classic One-phase Evaluation is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 50% up to 80% profit splits. Traders must reach a profit target of 10% to become successfully funded. These are realistic trading objectives, considering you have a 4% maximum daily and 7% maximum trailing loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during the evaluation phase. However, you are required to trade for a minimum of 5 calendar days during the evaluation phase. Finally, it’s essential to note that the Classic One-phase Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.
I would recommend The Trading Pit to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with favorable features, such as an unlimited trading period, first payout after 14 calendar days, bi-weekly future payouts, and a scaling plan ranging from $500,000 up to $5,000,000. After considering everything The Trading Pit has to offer to traders all across the globe, they are indeed a desirable choice within the prop trading industry.
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