The Trading Pit
Company Background: The Trading Pit aims to revolutionize the global trading landscape by creating an innovative super app where traders and investors meet in one secure and trustworthy ecosystem. It is backed by Pinorena Capital, a fintech-focused private equity firm.
Year Established: October 1, 2022
Head Office Location: Head office registered in Vaduz, Liechtenstein.
Prohibited Countries: United States, Canada, Belgium, Israel, Certain countries in the Middle East (specific restrictions apply), Any country currently under international sanctions
Associated Brokers: Yes, associated with Tickmill and Darwinex.
Evaluation Description: Traders must pass two evaluation stages. They need to hit specific profit targets while adhering to daily and maximum drawdown limits and complete a minimum number of trading days.
Funded Trader Benefits: Access to funded accounts, competitive profit splits, and professional trading tools.
Profit Split: Up to 80%.
Account Size (USD): N/A
Max Trading Days: N/A
Min Trading Days: N/A
Max Daily Loss: 4%
Max Total Loss: 10%
Profit Target: 8%
Challenge Fee (USD): $150 to $980
Fee Refundable: Yes, upon successful completion
News Trading Allowed: Yes
EAs Allowed: Yes
Copy Trading Allowed: No
Describe Scaling Plan: Traders can scale up their accounts by achieving specific performance metrics.
Scaling Plan Requirements:
Min Months Prior to Scaling: 4 months
Total Minimum Profit Percentage Achieved: 10%
Positive Account Balance Required: Yes
Increased Profit Split: Yes, details not specified
Max Account Value: Up to $2 million
Trading Platforms Used: MetaTrader 4, MetaTrader 5, TradingView
Tools & Services Provided by the Prop Firm: Educational resources, webinars, market news, economic calendar, and trading tools.
Prop Firm Trading Educational Material Provided: N/A
Testimonials:
Trustpilot Rating: 4.2
Number of Trustpilot Reviews: 242 reviews
Prop Firm Social Presence: Facebook, Instagram, Twitter, LinkedIn, Discord (numbers not specified)
Online Opinion of Prop Firm: The Trading Pit appears to be a trustworthy and well-supported prop firm with a comprehensive approach to trading and strong backing from reputable financial entities.