The Trading Pit Account Types and Differences

The trading pit account types and differences empowers traders of all skill levels to pursue their financial goals by providing diverse account types, multiple trading instruments e.t.c. The Trading Pit is a Liechtenstein-based proprietary trading firm that was established in 2021 and offers traders a challenge-based strategy that allows them to show off their abilities and make a sizable profit. Under the direction of CEO Thomas Heyden, the firm offers a variety of trading platforms through its partnerships with FXFlat and GBE Brokers. This article will examine the trading pit account types and differences.

The Trading Pit Diversity and Account Types

Trading Tools

The Trading Pit provides a wide variety of trading tools, such as:

• Forex 
• Indices
• Commodities
• Cryptocurrencies
• Futures 
• Shares

Leverage varies based on the asset class and chosen broker. For example, leverage for MT4 trading with GBE includes: 

• 1:20 for FX currency pairs
• For commodities and indices, 1:10
• 1:02 for cryptocurrency and stock CFDs

The Trading Pit Detailed Account Types

1. Forex Account Types 

With challenge registration costs ranging from €49 for smaller accounts to €1,139 for bigger accounts, Forex Challenge account balances range from €5,000 to €200,000.

Account Profit Splits: 

• 80% profit share for Prime Accounts

Classic Accounts: 

• 50–60% initial profit split
• Scaling could result in an 80% rise.

The prop firm keeps 20% of gains, while funded traders get 80%.

2. Futures Account Types

Challenge entry fee range from €99 to €599, while futures account balances range from $20,000 to $250,000. According to the scaling plan, account balances may increase to €5,000,000 after being funded.

Profit Splits for Futures: 

• Fixed 80% profit split for Prime Accounts

Classic Accounts: 

• 60–70% initial profit split
• Scaling could result in an 80% rise.

Unique Challenge Framework

The Trading Pit sets itself apart by providing:

• Two-phase evaluation
• Two one-step evaluations

Unique qualities such as:

• Unlimited trading time
• 14 calendar days after the first payout
• Bi-weekly Future payout 
• Plans to scale from $500,000 to $5,000,0005

The Prime Two-Phase Evaluation Details:

• Two-phase assessment procedure

Goals for profit:

• First Phase: 8%
• Phase Two: 5 percent

Rules for maximum loss:

• A daily loss of 5%
• 10% maximum loss

No restrictions on the maximum number of trading days

Each evaluation phase must include at least five calendar days of trade.

A special scaling strategy for bigger account sizes 

Guide to Account Selection

Account Types: 

• Executive 
• VIP 
• Standard
• Lite

Enrollment Recommendations:

• Novices: Lite Account 
• Traders with Experience: Standard Account
• Professionals: Executive and VIP Accounts 

Note: Professional accounts have higher enrollment costs, however they are entirely refundable if they qualify.

Technology and Platform

There are several platforms available to traders:

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5) for CFDs
• Specialized websites such as Bookmap for futures and Quantower

Unique Benefits

The Trading Pit Challenge has a number of strong advantages.

• Scaling Plan for $5 Million
• Adjustable Drawdowns
• 80% Profit Share 
• One-Step Challenge
• Trading in Multiple Assets
• No Requirement to Stop Loss
• Platforms for Free Trading
• Official TTP Certification 
• Reduced Trading Costs and Latency
• Unambiguous Pricing with No Extra Charges
• Basic Trading Guidelines
• Opportunities for Career Advancement
• Flexible Income Withdrawal

Emerging Possibilities

The Trading Pit serves traders of all skill levels:

• A €49 CFDs Challenge with a $5,000 starting balance is available to beginners.
• A premium $200,000 CFDs Challenge, costing €1,139, is available to seasoned traders.

The challenges of the firm are intended to: 

• Permit users to exchange real-time accounts
• Earn performance-based profit splits.
• Reduced obstacles to entry
• Reward knowledgeable traders with actual funds.

In conclusion

The Trading Pit provides a thorough, adaptable, and cutting-edge method of proprietary trading. The firm enables traders of all skill levels to accomplish their financial objectives by offering a variety of account types, a range of trading instruments, and distinctive challenge structures.

Frequently Asked Questions

How Does The Trading Pit Profit Split Work?

Forex Accounts:

• Prime Accounts: 80% profit share

Classic Accounts:

• Initial profit split begins at 50-60%
• Can increase up to 80%

• Traders receive 80% of profits, with the prop firm keeping 20%

Futures Accounts:

• Prime Accounts: Profit share is fixed at 80% 

Classic Accounts:

• Initial profit split of 60-70%
• Can increase up to 80% through scaling plan levels

What Are The Features Of Forex CFD Challenge 

• Overnight and weekend holding allowed
• Daily drawdown limit of 5%
• 90-day timeframe to complete evaluation
• 10% profit target (8% for VIP)
• Minimum Trading Days: Three (3)
• Maximum Drawdown: 10%
• Refundable Entry Fee: 100% 
• 1:30 Leverage
• Choice between MT5 and MT4 platforms hosted by FXFlat

What Are The Recommended Account Selection

• Lite Account: Ideal for beginners seeking experience
• Standard/Executive Accounts: Suitable and moderate for experienced traders
• VIP Account: Best for professional traders with a consistent profitability track record