CFD Challenge Trading Rules & Objectives
- Profit Target: Traders must achieve the profit percentage designated to their account sizes. For $10,000 or $20,000 accounts, the profit percentage to meet is 10%. For $50,000 or $100,000 accounts, the specified profit target is 8%. The same requirements apply for both the evaluation phase and funded accounts.
- Maximum Daily Loss: The $50,000 and $100,000 accounts have a maximum loss limit of 10%. If it is surpassed, then the account will be breached.
- Maximum Loss: The maximum loss on the $50,000 and $100,000 accounts is 10%.
- Maximum Trailing Loss: Maximum trailing loss is the difference between the highest achieved account balance and the lowest drawdown. The maximum trailing loss for the $10,000 and $20,000 accounts is 10%.
- Minimum Trading Days: There is a minimum time period you must trade before successfully concluding the evaluation phase. The evaluation phase has a minimum trading day requirement of 3 days.
- Maximum Trading Period: The evaluation stage has a maximum trading period of 90 days during which you must reach your designated profit percentage to successfully proceed to a funded account.
- No News Trading: The Trading Pitdoes not allow trading when high-impact news is released due to the increased volatility in the market. This means that executing new trades or closing old ones is not permitted within the 2-minute period before or after the announcement of such news.
What Makes The Trading Pit Different From Other Prop Firms
The Trading Pit sets itself apart from other major prop trading firms with its unique offerings and convenient environment for trading. There is only a one-step evaluation which has to be successfully completed within 90 calendar days to be eligible for a funded account and payouts.
For most account sizes, traders are required to reach a profit target of 10%. However, for the $100k account, you are expected to hit a profit target of 8% without surpassing the 5% maximum daily or 10% maximum loss rules. There are time limitations for all account sizes and you have a minimum trading requirement of 3 days and a maximum trading requirement of 90 calendar days to complete the evaluation phase successfully. In addition, the $10,000 and $20,000 accounts have a trailing drawdown while the $50,000 and $100,000 accounts have a static drawdown.
Once you receive the funded account and show that you can be consistently profitable, then you can grow your account using the available scaling options and you can scale up to $5,000,000.
It partners with both FXFlat and GBE Brokers to provide first-class services to traders. Traders can trade with a wide spectrum of asset classes and financial instruments and enjoy extensive banking and financial experience that the two brokers provide.
The Trading Pit stands out from other prop firms due to its unique account type, realistic profit and risk trading requirements. The Trading Pit offers profitable traders more room to grow with its scaling options and trading tools.
Is Getting The Trading Pit Capital Realistic?
Before trading with a prop firm, it is important to access its features and trading requirements to determine if it aligns with your trading style and needs. If a company provides an attractive profit split but sets high trading costs and commissions, it reduces the possibility of growing your account exponentially. Time constraints are also an important factor to consider.
Flexibility in trading is essential because it takes the burden off an already stressful process. Moreover, the more time you have to trade, the easier it is to acquaint yourself with the trading rules of the firm.
Getting capital from The Trading Pit is realistic because:
The CFD challenge sets realistic profit targets (8% or 10% depending on your account size) coupled with average maximum loss rules (5% maximum daily and 10% maximum loss or 5% maximum daily and 10% maximum trailing loss). Note that there is a minimum trading day requirement of 3 days and a maximum trading day requirement of 90 calendar days.
Once the evaluation phase is completed, traders qualify for payouts and a profit split of 50% and up to 80% depending on how profitable they are. In addition, there is the opportunity to scale your account to up to $5,000,000 if you meet the profit target and maximum loss rules for the funded account.
With this in mind, The Trading Pit comes highly recommended in the prop trading industry. It is suitable for traders that want to avoid multiple evaluation stages before gaining access to a funded account. It is also desirable to talented traders that want access to a sizable amount of capital and a variety of financial instruments.
Payment Proof
The Trading Pit is a proprietary trading firm that was founded in February 2022. They have garnered a large community of traders who have successfully qualified for funded accounts and high profit splits. Upon reaching funded status, you become eligible for your first payout if you hit the 8% or 10% profit target. Subsequent payouts follow the same procedure with a profit split of up to 80% based on the profit you generate.
You can find multiple payment proof on numerous websites. Traders on The Trading Pit post their payment proof on Trustpilot. They also give comments regarding their experience with the company and how they have successfully received payouts.
You can also find payment proof on their Discord and YouTube channel where they post payouts and interviews with successful traders. On their Discord channel, you can also discuss with other traders on the features and programs The Trading Pit offers to get insight into what to expect.
