About The Trading Pit
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More info The Trading Pit
Customer Reviews (256)
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2 years ago
Cristal Carter
I have had a mixed experience with The Trading Pit. One thing I appreciated is the well-known management team; they are not just another anonymous entity like many proprietary trading firms. The company’s main jurisdiction is in Liechtenstein, a central European country nestled between Switzerland and Austria, and their operational offices seem to be situated in both Spain and Cyprus.
The firm’s payout system has a limited structure, capped at ten levels, and anything beyond that requires purchasing a new challenge. I decided to take the plunge and bought multiple challenges, though I initially failed a few due to my own mistakes. Thankfully, some of the challenges got me through the evaluation stage, although I stumbled at the first level. Recently, I cleared Level 1 and received my payout without any hitches, which reassured me that it isn’t a scam operation.
In terms of finances, I’m at about a breakeven point with the challenges I bought and my payout. With a quick refund, I’ve actually gained around USD 300.
However, a key factor behind my choice of The Trading Pit was their static drawdown rules, boasting a maximum drawdown of 10% and a daily drawdown of 5%. Unfortunately, they recently switched to a trailing drawdown based on the highest equity. Essentially, if you have a position worth USD 1,000 that you’re not closing, your max drawdown increases by that amount, which is quite significant.
Moreover, they reduced the maximum drawdown from 10% to 7% and the daily drawdown from 5% to 4%. These rule changes make their conditions some of the least favorable in the industry.
I initially purchased my challenges based on their original rules, and this recent shift has led me to reassess my stance on recommending this company. The reality is they seem to change rules as they please, seemingly to enhance their profits at the expense of their traders.
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2 years ago
Lucas Howell
I’ve been trading with The Trading Pit for a few months now, and I have to say, I’m quite satisfied. Before getting started, I did my homework and looked through a few reviews, which helped shape my expectations. Thankfully, my experience has been positive; I’ve encountered no major issues or red flags so far. Overall, it seems like a solid choice for traders looking to dive in.
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2 years ago
Mya Hansen
I faced some challenges a few months back, but I have to say, The Trading Pit’s team and support staff are truly top-notch in the proprietary trading sector. They stand out as one of the most transparent and legitimate firms around. Thank you!
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2 years ago
Lily Yundt
Everything operates exactly as outlined. The customer support is quite responsive, the challenges feel fair, and the payouts arrive right on schedule. Overall, it’s a solid firm.
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2 years ago
Friedrich Bahringer
Hello again, it’s the Whales Pit admin here, addressing you as fellow traders. I’ve been involved with this company for nearly three months, working with two separate accounts of $1,000 each. Unfortunately, my first account was flagged for scalping trades that lasted less than a minute. This was clearly a mistake on their part, and I’ve got the evidence to back it up. It seems this firm is not interested in your success; they will go to great lengths to ensure you fail during Phase 1. I’ve worked with other prop firms before, and they don’t wait until you hit your targets only to hit you with penalties.
After opening another account with the same company, I managed to pass Phase 1 after just eight days and over 100 trades. One of my trades on US100 brought me a whopping 500 pips in profits—truly significant. However, when I requested an account upgrade, I was notified that I had breached a gambling rule. The way they handle clients is perplexing, and yes, I have evidence to support my claims.
As part of a substantial trading community, we reached out to the company, but their response was dismissive, essentially telling us we were scamming them. This ends now; my entire community plans to exit this firm by the middle of next week. I personally intend to campaign against them to prevent others from being scammed.
A concerning discovery I made is that a former employee revealed to me that the head of risk management isn’t even a trader, and nearly 60% of the staff lacks trading experience. I can’t fathom how the owner of the company, the one responsible for tick milling, can effectively manage client relations. My advice? Be cautious with this company. As I said, I will take it upon myself to fight back against them.
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2 years ago
Giovanni Jacobs
Overall, my experience with Futures VIP has been positive. I’ve received my refund already and am now just waiting on the level 1 payout. The technology they use is solid, and honestly, I haven’t encountered any issues yet. Fingers crossed I won’t face any payout denials when the next level comes around!
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2 years ago
Jennyfer Connelly
I just got an email informing me that my account was compromised because I executed a trade right before or after a news release.
Their calendar shows that a news event was published at 4:33, while my trade was placed at 4:36. They mentioned that you shouldn’t open any trades within two minutes of the news.
It feels like another attempt to take money from traders.
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2 years ago
Dorcas Orn
I’ve had a really positive experience with the support team. Most importantly, I received my funded account in under two hours after completing my evaluation. Keep up the great work!
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2 years ago
Augusta Jones
This has to be one of the worst proprietary trading firms I’ve encountered. They impose a trailing drawdown at the highest levels and offer a scaling plan that restricts losses to under 1%. While they claim to prioritize traders, there’s a significant disconnect between the evaluation phase and the performance account. It’s honestly quite disappointing. I lost just 1%, and my account was wiped out. It’s absolutely unacceptable.
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2 years ago
Damion McDermott
The service here is exceptional. They are consistently helpful and provide quick, reliable processing for payouts. I would highly recommend this firm to anyone looking for a trustworthy trading partner.
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2 years ago
Ismael Predovic
I encountered an issue, but then I was pleasantly surprised when Mr. Andreas Pilavakis, the Head of Customer Support at The Trading Pit, reached out to me directly. He addressed my concern effectively and resolved the problem.
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2 years ago
Saul Towne
I quickly got my challenge refund and the initial payment, just like they promised on their site. Plus, their customer service was really responsive, addressing all my queries without delay.
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2 years ago
Audie Gulgowski
As someone who is relatively new to proprietary trading, I’ve had the chance to try out three different firms, and I can say that my experience with Trading Pit has been quite positive. Everything they advertised on their website has been accurate, and I successfully progressed through their scaling plan while also receiving my payouts without delay. When it came time for me to scale up, they were quick and efficient, which I greatly appreciated. Given the amount of negativity often surrounding prop trading, I can confidently recommend Trading Pit to anyone looking to get started.
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2 years ago
Eloisa Morar
Absolutely fantastic! I have complete trust in this firm!
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2 years ago
Theresia Russel
This company is fantastic! Their response time is impressive. I received a refund promptly after realizing I had selected the wrong challenge. My money was returned quickly, allowing me to buy the correct challenge right away. I’m currently working on it and am nearly at the point of passing the first step. Honestly, I can’t say enough good things!
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2 years ago
Howard Daugherty
My initial experience was quite positive. I purchased a Challenge VIP and managed to successfully complete level 2 with a profit of around 12,000 euros. However, I made the mistake of trading during news events, which resulted in a profit of approximately 2,800 euros from two trades. It’s worth noting that this rule was only introduced recently. Consequently, my challenge was rendered invalid, and I had to start over from scratch by purchasing a new challenge. There were no issues related to drawdown violations, and I received no suggestions to disregard those two trades or any other form of concessions. This situation was deeply disappointing. It’s unfortunate. Also, payouts typically take about two weeks if you’re proactive.
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2 years ago
Tanner Hudson
This trading firm leaves much to be desired. It’s advisable to reconsider investing your time and resources in Trading Pit. A significant number of reviews appear to be self-generated, raising questions about their authenticity. Be cautious and don’t take their word at face value.
They focus on low-volume currencies, which severely limits profitability. Sure, they boast an impressive win rate of 80%, but in reality, you’re likely to find it challenging to turn a profit. Why? Because the profits you gain on successful trades often get wiped out by losses in just a couple of trades involving these low-priced currencies.
From my perspective, their actual win rate hovers around 65%, if that.
In short, it’s hard to recommend them. Definitely not a worthwhile endeavor.
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2 years ago
Betsy Hill
The trading pit stands out as one of the best options around. There are no hidden rules, which makes everything much clearer. This environment has truly helped me develop my skills as a trader, and I feel much more confident in my abilities now.
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2 years ago
Aubrey Hegmann
This trading firm is truly dependable! I can honestly say, folks, we should definitely collaborate with them!
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2 years ago
Clovis Kunze
The service and support here are quite commendable. They really go above and beyond to assist their clients. Whether you have a question or need help navigating their platform, you can count on them for prompt responses. Overall, it’s a positive experience and a strong point for the firm.
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2 years ago
Blair Effertz
This platform is genuinely impressive and quite user-friendly. It makes the trading process feel smooth and straightforward. Whether you’re a beginner or more experienced, navigating the features is a breeze. Overall, it’s a solid choice for those looking to engage in proprietary trading without a steep learning curve.
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2 years ago
Ethan Zulauf
This is definitely one of the top proprietary trading packages out there. When it comes to affordability, they really stand out, especially with their reset costs being the lowest I’ve seen. What I appreciate is that there are no hidden account charges or activation fees—just consistent rhythmic fees, which makes it easier for traders to manage expenses. Plus, the payment scaling they offer is impressive. It’s clear why I would rank them as the best in the field!
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2 years ago
Loma Monahan
I have to say, my experience with this trading firm has been quite disappointing. I invested in a few of their challenges, but it felt like the rules were constantly changing—every week brought something new. I ended up getting flagged for a “rule violation” simply for engaging in what they term “news trading.”
It really feels like they are setting traps for their customers, finding creative ways to declare rule-breaking that ultimately prevent traders from being successful. Just when I thought I was making progress, my account was in the green before I got banned! It’s frustrating to feel like the odds are stacked against you.
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2 years ago
Nikki Sipes
The company has a solid reputation, and I’ve found their commissions to be quite favorable. While the spreads are a bit higher compared to some other proprietary trading firms, they still remain acceptable. One downside is that the document analysis and payout process can be somewhat sluggish. Despite this, I believe it’s a good firm overall. I also find their scaling plan to be particularly intriguing.
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2 years ago
Ervin Fritsch
Why is Gap Trading considered a rule breaker? I was all set to invest in an account, but then I came across this information. My apologies, it seems I got my wires crossed and was thinking of something different.
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2 years ago
Arvel Kunze
This company is the worst I’ve ever come across. Even though they don’t share any news, I consistently experience price slippage that triggers my stop losses. I really recommend steering clear of this firm if you’re considering trading with them.
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2 years ago
Glennie Durgan
The support from this trading firm has certainly deteriorated.
As a trader who has been with The Trading Pit since its inception, I feel compelled to share an honest review. I truly believe that I risk facing consequences for revealing the truth.
Let me share my experience, and the choice of whether to join this firm is yours to make. Personally, my patience with them has worn thin.
In the beginning, The Trading Pit was a small entity with a clear policy of not exceeding 30% in profits. I worked with them from those early days, and I must say, their attitude was friendly, polite, and respectful toward clients. To this day, I still observe a level of professionalism in their dealings.
However, since a new individual took over the company’s leadership, things have become chaotic—chaotic to a point where it feels unacceptable.
Within a month, they altered the rules repeatedly, changed all of the fees, and made it increasingly difficult for customers like myself to get in touch with them. Nonetheless, I accepted these changes due to their initially friendly demeanor.
My disappointment in The Trading Pit has reached a peak for a number of reasons:
1. They increased the fees for all challenges while simultaneously adjusting their algorithms, which resulted in my stop-loss levels slipping dramatically—yet curiously, the take-profit levels remained unaffected.
2. They implemented a complete system overhaul without any prior notice, during which I had two active trading accounts. I was unable to close my trades even when they hit my take-profit levels, leading to daily losses until the market shifted. Instead of an upgrade, my accounts appeared to have been taken away. When I approached their support team, they brushed off the issue and claimed to see no problem. In contrast, firms like FTMO, MFF, Fundednext, and TFT swiftly took action to protect customer interests—these are the firms with which I’ve built relationships over time.
3. My ultimate frustration with The Trading Pit stems from what I perceive as robbing me of my two funded accounts without justification. I had two level 2 accounts waiting for withdrawals when I received a vague email stating one account violated their policies and was subsequently locked. Despite their claim, I was not compensated for the $7,200 in profit, even after they sent me a performance report, which I completed just a day prior. My account number is 400043529. Oddly enough, right after locking my account, they communicated that only one trader is allowed to operate with one funding account. This reason for the violation seems completely fabricated, likely to legitimize blocking my account and stealing my hard-earned profits.
Things didn’t stop there. With the remaining account, I traded and reached level 4 (400045026), currently holding a balance of $11,000, nearly 4% of the account size. On November 29th, they notified me yet again of blocking my account due to alleged gambling activities, again without providing any concrete evidence. They claim to operate transparently, yet their FAQs do not address any gambling strategies. Having carefully studied the rules—I am not a novice trader—I have even traded with prop firms before The Trading Pit was established. I’ve consistently withdrawn profits from FTMO funds every two weeks for four months, demonstrating my discipline. You can imagine how seriously I take my trading. Furthermore, on my level 4 account, I executed just one order and made a 4% profit, with checks in place like moving my stop loss to break even and employing a trailing stop. Where exactly do they draw the line? Do they really consider these responsible moves as gambling? If that’s the case, I have nothing more to say.
The culmination of these outrages pushed me to voice my concerns. I emailed them asking for specific proof regarding their allegations of “violations,” only to receive a response citing a range of rules I had thoroughly reviewed. I know I haven’t broken any regulations. It seems they are more concerned that my discipline and profitability led them to seek to strip me of everything I have built over time.
At this point, I have completely lost faith in The Trading Pit. Their actions contradict their promises. I do not anticipate them learning from this and improving like My Forex Funds has.
Due to character limitations, I will share their email response in the comments below.
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2 years ago
Clement Rice
It’s essential for the firm to establish live support; having a direct line for inquiries would greatly enhance convenience for traders. Also, it’s worth noting that weekends, specifically Saturday and Sunday, should not be counted as part of the trading days. This change would provide a clearer structure for everyone involved.
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2 years ago
Aurelie Kohler
There was a strong sense of optimism regarding the speed of payouts here. I really hope that they can improve this aspect going forward.
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2 years ago
Daniella Simonis
This firm truly stands out. I received my first payout in no time at all, which was impressive. Additionally, the customer service here is top-notch.
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3 years ago
Frank Runolfsdottir
This is a respected fund that deserves consideration from traders looking for opportunities. If you’re in the market for a reliable trading firm, it’s definitely worth exploring what they have to offer.
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3 years ago
Amani Willms
The overall experience here is quite impressive. Everything seems to work well, and the services provided are excellent. I have to say, it’s refreshing to see such a consistent level of quality. It’s really a pleasure to be part of this firm.
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3 years ago
Krista Nicolas
The Trading PIT offers a solid payout structure and provides excellent support. Whenever I had a question, they responded promptly.
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3 years ago
Candice Gottlieb
This trading firm has proven to be highly reliable, consistently processing payouts multiple times. I want to extend my gratitude to the trading pits for their support.
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3 years ago
Marjorie Marks
The transparency of the scaling plan truly sets it apart from the rest. With straightforward and uncomplicated rules, it’s easy for anyone to grasp. Additionally, the support service is commendable; although it may take a little longer at times, rest assured that problems and issues are addressed promptly.
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3 years ago
Beryl Kerluke
The team is friendly, and the support is quite effective. Payouts are always on time, which is a big plus. They genuinely do what they promise, and when issues arise, they make an effort to resolve them swiftly. Overall, a solid experience.
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3 years ago
Antwon Kassulke
I recently got my profit payout from Level 1, and I couldn’t be happier. A big thank you to The TradingPit for making this possible!
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3 years ago
Josefa Kuvalis
My experience with The Trading Pit has been truly outstanding. Their services, attentive follow-up, and the comprehensive systems they have in place all contribute to an unparalleled trading experience in our industry. I’m excited about the prospect of a long-term trading career and utilizing everything TTP offers.
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3 years ago
Eileen Bradtke
I’m afraid I have to give this firm just one star. I simply can’t recommend them. I started with a €10,000 account and managed to earn €1,700 in just 12 hours. However, things took a turn for the worse when they closed four of my positions, leading to a loss of €221 that impacted my maximum drawdown. To make matters worse, I noticed they changed the maximum drawdown limit three times within just eight hours.
I attempted to address the issue in a civil manner, but every time I reached out with questions, they kept dodging my inquiries. It wasn’t until I provided proof of the closed positions that they completely stopped responding. I’m not someone who makes a fuss over nothing, but I refuse to be scammed. I’ve asked three times to retake the challenge since their actions directly impacted my drawdown. Now, I’ve opened a transaction dispute with them. Overall, I wouldn’t advise anyone to engage with this firm.
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3 years ago
Muhammad Windler
This is hands down the best proprietary trading firm I’ve come across. They truly stand out for their reliability and trustworthiness. If you’re looking for a firm you can depend on, this is it. You really can’t go wrong here.
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3 years ago
Phoebe Goyette
I encountered a problem with the Rithmic Connection, and I need to say that Athina Panousi was incredibly helpful. She managed to resolve the issue in no time at all. The level of support I received was truly outstanding!
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3 years ago
Madie Swift
I’m really pleased with the scaling plan they offer, and the support has been exceptional. Keep up the great work!
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3 years ago
Mariah Ledner
My experience with The Trading Pit has truly been exceptional. There are several compelling reasons to consider this proprietary trading firm:
Firstly, their support team is not only responsive but also genuinely friendly.
Secondly, the scaling plan they offer is outstanding; for those aiming to become professional traders, TTP is certainly the best choice.
Lastly, they are very trustworthy—I’ve always received my payouts quickly and without any hassle.
Trying out The Trading Pit could very well transform your trading journey!
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3 years ago
Hattie Zemlak
Recently, I encountered a problem with my account, and I must say, the customer support team was incredibly quick to help me sort it out. Their response was almost immediate, which I really appreciated!
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3 years ago
Eugenia Dicki
I’ve been trading with this firm for quite a while now, and I’ve previously purchased numerous fund trials, though I never managed to pass them. Currently, I’m managing two accounts and have successfully exceeded levels LV1 and LV2 with balances of 104225 and 103903 respectively. However, they refuse to issue my payout, alleging that I was copying my own trades. This accusation is baseless and totally unacceptable.
What exactly do they mean by “copy operation”? Every trade on my accounts is distinctly separate, manually entered with different prices, timing, profit margins, and risk levels. Their definition of copying seems to be their own fabrication and simply doesn’t hold up. I’ve generated profits for them, yet they label my trading strategy as risky and prohibited, thereby withholding my earnings.
This company gives the impression of wanting to profit-share with traders and actively seeks out new talent, but their actions suggest otherwise—it feels like a scam. They argue that new rules implemented in June were meant to exclude traders like myself, but I opened my account in May, and I shouldn’t be held to these recent regulations.
You can check their website to confirm that from the moment you buy a challenge to the time of payment and account allocation, there is no mention of any new terms. They claim to be transparent, yet their operations are anything but—unprofessional, opaque, and covert. I am seriously considering legal action against this organization. Can anyone provide guidance on how to proceed?
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3 years ago
Gloria Satterfield
The Trading Pit stands out as an exceptional company to work with. I highly recommend them for their credibility and professionalism. Plus, their customer service team is multilingual, which is a great advantage.
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3 years ago
Laurence Heathcote
I had a really positive experience with this firm. Their support team is fantastic and consistently stays on top of everything.
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3 years ago
Lorenz Murazik
To whom it may concern, this firm is genuinely honest. It’s certainly challenging, but I assure you, they are a respectable company. Their integrity is commendable. They provide two MT4 platforms, but I wouldn’t recommend jumping into forex trading right away; consider other options first. Personally, I hope to establish a scaling plan instead of sticking with a fixed amount. Thank you.
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3 years ago
Dereck Schmidt
Great platform for scalping futures! The evaluation system is solid, and they offer valuable scaling options. Plus, access to tools like Quantower and Atas is a big plus. The support team is always responsive, friendly, and professional. Overall, it’s all good!
Frederique Hyatt
I found the experience to be quite manipulative. While my friends were consistently winning trades that I was also entering at the same time, I kept losing. It really feels like this system is designed to deceive. 😡