February 2022 Archives - Forex Prop Reviews https://forexpropreviews.com/Incorporation/february-2022/ We provide reviews, ratings, and the latest news for Proprietary Trading Firms. Wed, 02 Apr 2025 09:54:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://forexpropreviews.com/wp-content/uploads/2021/04/cropped-Icon-1-32x32.png February 2022 Archives - Forex Prop Reviews https://forexpropreviews.com/Incorporation/february-2022/ 32 32 The Trading Pit Review (10% Discount Code: FOREXPROPREVIEWS) https://forexpropreviews.com/Proprietary-Trading-Firm/the-trading-pit/?utm_source=rss&utm_medium=rss&utm_campaign=the-trading-pit https://forexpropreviews.com/Proprietary-Trading-Firm/the-trading-pit/#respond Sun, 06 Dec 2020 14:11:00 +0000 https://forexpropreviews.com/?post_type=casino&p=18330 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 to become successful partners of the firm. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $100,000 and receive up […]

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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 to become successful partners of the firm. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $100,000 and receive up to 80% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.

Who are The Trading Pit?

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.

The Trading Pit headquarters are located at Landstrasse, 63 9490 Vaduz, Liechtenstein.

Who is the CEO of The Trading Pit?

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.

Video Review

Funding Program Options

The Trading Pit provides its traders with three unique funding program options:

  • Prime Two-phase Evaluation
  • Prime One-phase Evaluation
  • Classic One-phase Evaluation

Prime Two-phase Evaluation

The Trading Pit’s Prime Two-phase Evaluation provides traders the opportunity to manage account sizes ranging from $5,000 up to $100,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Prime Two-phase Evaluation allows you to trade with up to 1:50 leverage.

Account SizePrice
$5,000€49
$10,000€99
$20,000€199
$50,000€349
$100,000€569

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of five trading days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase two. However, you are required to trade a minimum of five trading days in order to proceed to a funded account.

By completing both evaluation phases, you are awarded a funded account with a minimum withdrawal amount of $100. You must only respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 14 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted on a bi-weekly basis. Your profit split will be 80% based on the profit you make on your funded account.

Prime Two-phase Evaluation Scaling Plan

The Prime Two-phase Evaluation also has a scaling plan. If a trader has an actively funded account for at least two months and receives a minimum of two payouts while accumulating a total profit of at least 10%, then you will become eligible for an account size increase equal to 25% of the initial account size. It is also worth noting that every 4th scale-up will serve as your major milestone. Your new balance at that point will become the new basis for the 25% account size increase.

Prime Two-phase Evaluation Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10%.
  • Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. Both evaluation phases have a minimum trading day requirement of 5 days.
  • No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news.

Prime One-phase Evaluation

The Trading Pit’s Prime One-phase Evaluation provides traders the opportunity to manage account sizes ranging from $5,000 up to $200,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the one-step evaluation period. The Prime One-phase Evaluation allows you to trade with up to 1:50 leverage.

Account SizePrice
$5,000€49
$10,000€99
$20,000€199
$50,000€349
$100,000€569
$200,000€1,139

The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily loss or 7% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during the evaluation phase. However, you are required to trade a minimum of five trading days in order to proceed to a funded account.

By completing the evaluation phase, you are awarded a funded account with a minimum withdrawal amount of $100. You must only respect the 4% maximum daily loss and 7% maximum loss rules. Your first payout is 14 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted on a bi-weekly basis. Your profit split will be 80% based on the profit you make on your funded account.

Prime One-phase Evaluation Scaling Plan

The Prime One-phase Evaluation also has a scaling plan. If a trader has an actively funded account for at least two months and receives a minimum of two payouts while accumulating a total profit of at least 10%, then you will become eligible for an account size increase equal to 25% of the initial account size. It is also worth noting that every 4th scale-up will serve as your major milestone. Your new balance at that point will become the new basis for the 25% account size increase.

Prime One-phase Evaluation Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 4%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 7%.
  • Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. The evaluation phase has a minimum trading day requirement of 5 days.
  • No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news.

Classic One-phase Evaluation

The Trading Pit’s Classic One-phase Evaluation provides traders with the opportunity to manage account sizes ranging from $10,000 up to $100,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The Classic One-phase Evaluation allows you to trade with leverage up to 1:50.

Account SizePrice
$10,000€99
$20,000€179
$50,000€399
$100,000€999

The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily loss or 7% maximum trailing loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during the evaluation phase. However, you are required to trade a minimum of five trading days in order to proceed to a funded account.

By completing the evaluation phase, you are awarded a funded account with a minimum withdrawal amount of $100. You must only respect the 4% maximum daily loss and 7% maximum trailing loss rules. Your first payout is 14 calendar days from the day you place your first position on your funded account, while all other withdrawals can also be submitted on a bi-weekly basis. Your profit split will be 50% up to 70% based on the profit you make on your $10,000 or $20,000 funded account, and 60% up to 80% based on the profit you make on your $50,000 or $100,000 funded account.

Classic One-phase Evaluation Scaling Plan

The Classic One-phase Evaluation also has a scaling plan. You are required to reach a profit target of 10% on your $10,000 or $20,000 funded accounts or a profit target of 8% on your $50,000 or $100,000 funded accounts. It is also worth noting that the scaling ranges from $500,000 up to $5,000,000, depending on the account size that you are trading on.

$10k Scaling Plan

$20k Scaling Plan

$50k Scaling Plan

$100k Scaling Plan

Classic One-phase Evaluation Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 4%.
  • Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 7%.
  • Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. The evaluation phase has a minimum trading day requirement of 5 days.
  • No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news.

What Makes The Trading Pit Different From Other Prop Firms?

The Trading Pit differs from most industry-leading prop firms due to offering three unique account types: a two-step evaluation and two one-step evaluations. In addition, they also provide numerous 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.

The Trading Pit’s Prime Two-phase Evaluation is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules. You also 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. The Prime Two-phase Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Prime Two-phase Evaluation stands out mainly for having 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.

Comparison between The Trading Pit & FundedNext

Trading ObjectivesThe Trading PitFundedNext (Evaluation)
Phase 1 Profit Target8%10%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%10%
Minimum Trading Days5 Calendar Days5 Calendar Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: 4 Weeks
Phase 2: 8 Weeks
Profit Split80%80% up to 95%

Comparison between The Trading Pit & Funding Pips

Trading ObjectivesThe Trading PitFunding Pips
Phase 1 Profit Target8%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5% (Scaleable up to 7%)
Maximum Loss10%10% (Scaleable up to 14%)
Minimum Trading Days5 Calendar Days3 Calendar Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split80%60% up to 100% + Monthly Salary

Comparison between The Trading Pit & Alpha Capital Group

Trading ObjectivesThe Trading PitAlpha Capital Group
Phase 1 Profit Target8%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%10%
Minimum Trading Days5 Calendar Days3 Calendar Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split80%80%

The Trading Pit’s Prime One-phase Evaluation is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 10%, with a 4% maximum daily and 7% maximum trailing loss rules. You also 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. Keep in mind that the Classic One-phase Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Classic One-phase Evaluation stands out mainly for having 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.

Comparison between The Trading Pit & FTUK

Trading ObjectivesThe Trading PitFTUK
Profit Target10%10%
Maximum Daily Loss4%4%
Maximum Loss7%8% (Trailing)
Minimum Trading Days5 Calendar Days4 Calendar Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80%50% up to 80%

Comparison between The Trading Pit & City Traders Imperium

Trading ObjectivesThe Trading PitCity Traders Imperium
Profit Target10%10%
Maximum Daily Loss4%❌
Maximum Loss7%6%
Minimum Trading Days5 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80%50% up to 100% + Monthly Salary

Comparison between The Trading PitFunded Trading Plus

Trading ObjectivesThe Trading PitFunded Trading Plus
Profit Target10%10%
Maximum Daily Loss4%4%
Maximum Loss7%6% (Trailing)
Minimum Trading Days5 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80%80% up to 100%

The Trading Pit’s Classic One-phase Evaluation is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 10%, with a 4% maximum daily and 7% maximum trailing loss rules. You also 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. Keep in mind that the Classic One-phase Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Classic One-phase Evaluation stands out mainly for having 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.

Comparison between The Trading Pit & PipFarm

Trading ObjectivesThe Trading PitPipFarm (Static)
Profit Target10%12%
Maximum Daily Loss4%3%
Maximum Loss7% (Trailing)6%
Minimum Trading Days5 Calendar Days3 Calendar Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split50% up to 70% ($10,000 & $20,000)
60% up to 80% ($50,000 & $100,000)
70% up to 95%

Comparison between The Trading Pit & Goat Funded Trader

Trading ObjectivesThe Trading PitGoat Funded Trader
Profit Target10%10%
Maximum Daily Loss4%4%
Maximum Loss7% (Trailing)6%
Minimum Trading Days5 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split50% up to 70% ($10,000 & $20,000)
60% up to 80% ($50,000 & $100,000)
75% up to 95%

Comparison between The Trading Pit & FXIFY

Trading ObjectivesThe Trading PitFXIFY
Profit Target10%10%
Maximum Daily Loss4%5%
Maximum Loss7% (Trailing)6% (Trailing)
Minimum Trading Days5 Calendar Days5 Calendar Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split50% up to 70% ($10,000 & $20,000)
60% up to 80% ($50,000 & $100,000)
75% up to 90%

In conclusion, The Trading Pit differs from other industry-leading prop firms by offering three unique account types: a two-step evaluation and two one-step evaluations. In addition, they also provide numerous 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.

Is Getting The Trading Pit Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

  • Receiving capital from the Prime Two-phase Evaluation is realistic primarily due to its below-average profit targets (8% in phase one and 5% in phase two) coupled with average maximum loss rules (5% maximum daily and 10% maximum loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 5 calendar days. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80%.
  • Receiving capital from the Prime One-phase Evaluation is realistic primarily due to its average profit target of 10% coupled with average maximum loss rules (4% maximum daily and 7% maximum loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 5 calendar days. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 80%.
  • Receiving capital from the Classic One-phase Evaluation is realistic primarily due to its average profit target of 10% coupled with average maximum loss rules (4% maximum daily and 7% maximum trailing loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 5 calendar days. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 50% up to 70% on the $10,000 or $20,000 account sizes and 60% up to 80% on the $50,000 or $100,000 account sizes.

After considering all the factors, The Trading Pit is highly recommended since you have three unique funding programs to choose from, a two-step evaluation and two one-step evaluations, which all feature realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

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.

Which Broker Does The Trading Pit Use?

The Trading Pit is partnered with FXFlat and GBE Brokers as their broker.

FXFlat is a first-class online brokerage. They are a liquidity provider with company headquarters located in Germany, which offers traders reliability with high standards. They originally started as a CFD and Forex broker. However, they expanded and are now additionally offering the entire spectrum of asset classes and financial instruments to their traders.

GBE Brokers is a regulated CFD broker with a German office in the Port of Hamburg. They have a young and professional team that has been deliberately put together in a multicultural way so that traders can benefit from their international and extensive banking and financial market experience.

As for trading platforms, while you are working with The Trading Pit, they allow you to trade on MetaTrader 4 or MetaTrader 5 if you choose FXFlat, and if you choose GBE Brokers, you also have the option to trade on MetaTrader 4 or MetaTrader 5.

Trading Instruments

As mentioned above, The Trading Pit is partnered with FXFlat and GBE Brokers, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, stocks, and cryptocurrencies with a leverage of up to 1:20, depending on the trading instrument that you are trading.

FX Flat Forex Pairs

AUD/USDEUR/USDGBP/USDUSD/CADUSD/CHFUSD/JPY
AUD/CADAUD/CHFAUD/JPYAUD/NZDAUD/SGDCAD/CHF
CAD/JPYCHF/JPYEUR/AUDEUR/CADEUR/CHFEUR/DKK
EUR/GBPEUR/HKDEUR/JPYEUR/NOKEUR/NZDEUR/PLN
EUR/SEKEUR/SGDEUR/TRYEUR/ZARGBP/AUDGBP/CAD
GBP/CHFGBP/DKKGBP/JPYGBP/NOKGBP/NZDGBP/SEK
GBP/SGDNOK/SEKNZD/CADNZD/CHFNZD/JPYNZD/USD
SGD/JPYUSD/CZKUSD/DKKUSD/HKDUSD/HUFUSD/MXN
USD/NOKUSD/PLNUSD/SEKUSD/SGDUSD/TRYUSD/ZAR

FX Flat Commodities

GOLDGOLDmSILVERSILVERmBRENTcash
WTIcash

FX Flat Indices

AUS200STOXX50F40DE40HK50
JP225N25ES35SWI20UK100
US500USTECUS30US30mini

FX Flat Cryptocurrencies

BTC/USDLTC/EURLTC/USDRIP/USDBCC/USD
DSH/USDETH/USDADA/USDDOT/USDLINK/USD
EOS/USD

GBE Broker Forex Pairs

AUD/CADAUD/CHFAUD/JPYAUD/NOKAUD/NZDAUD/SEK
AUD/SGDAUD/USDCAD/CHFCAD/JPYCHF/JPYCHF/NOK
CHF/PLNEUR/AUDEUR/CADEUR/CHFEUR/GBPEUR/HKD
EUR/HUFEUR/JPYEUR/MXNEUR/NZDEUR/PLNEUR/NOK
EUR/SEKEUR/SGDEUR/TRYEUR/USDGBP/AUDGBP/CAD
GBP/CHFGBP/DKKGBP/JPYGBP/NOKGBP/NZDGBP/PLN
GBP/SEKGBP/SGDGBP/USDGBP/ZARHKD/JPYMXN/JPY
NOK/JPYNOK/SEKNZD/CADNZD/CHFNZD/JPYNZD/SGD
NZD/USDSEK/JPYSGD/JPYTRY/JPYUSD/CADUSD/CHF
USD/CNHUSD/CZKUSD/DKKUSD/HKDUSD/HUFUSD/JPY
USD/MXNUSD/NOKUSD/PLNUSD/RUBUSD/SEKUSD/SGD
USD/TRYUSD/ZARZAR/JPYEUR/CZK

GBE Brokers Commodities

XAU/EURXAU/USDUKOilWTIOilUSOil
XPD/USDXPT/USDXAG/EURXAG/USD

GBE Brokers Indices

AUS200F40STOXX50UK100US500
USTECHK50DE40NE25DJ30
ES35SWI20JP225

GBE Brokers Cryptocurrencies

BTC/USDBCH/USDBTC/JPYETH/USDLTX/USD
DOT/USDEOS/USDLINK/USDXMR/USDADA/USD
DGO/USDXLM/USD

As mentioned above, The Trading Pit also allows you to trade a wide range of stocks. To view the full list, please refer to the Spread Account below, which will enable you to log into the MetaTrader 4 or MetaTrader 5 trading platform and view the complete list of available stocks.

Trading Fees

Trading Commission

Trading InstrumentCommission Fee
FOREX Prices vary
COMMODITIES Prices vary
INDICES Prices vary
STOCKS Prices vary
CRYPTO Prices vary

Spread Account

To check the live spreads, log in to the trading account below.

PlatformServerLogin NumberPasswordDownload Platform
MetaTrader 4FXFlatMT4-DemoServer3001017as1234asClick here
MetaTrader 5FXFlatMT5-DemoServer101009as1234asClick here

Education

The Trading Pit provides its community with a detailed Blog with valuable educational articles.

Additionally, The Trading Pit also provides its community with the following educational and trading tools:

  • Ebooks
  • Webinars
  • Podcasts
  • Videos
  • Infographics
  • Glossary
  • Press Releases
  • LiveSquawk
  • StereoTrader
  • Economic Calendar
  • CME Heatmap

Lastly, The Trading Pit also provides traders with a well-developed trading dashboard, making it easier to follow your trading progress with the numerous live statistics of all trading objectives.

Trustpilot Feedback

The Trading Pit has gathered an excellent score on Trustpilot based on their community’s feedback.

On Trustpilot, The Trading Pit has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 4.4 out of 5 from a substantial pool of 575reviews. Notably, 79% of these reviews have awarded The Trading Pit the highest rating of 5 stars.


The first comment shows the client praising The Trading Pit for its unparalleled transparency in the scaling plan. They appreciate the simplicity and clarity of the rules, making it accessible to everyone. Additionally, the client acknowledges the excellent support service, noting that while response times may be slightly longer at times, problems and issues are resolved quickly and efficiently.

The client describes their experience with The Trading Pit as exceptional, praising the services, follow-up, and systematic approach designed to provide traders with the best possible experience in the industry. They express anticipation for a long-term trading career while utilizing all the resources and support provided by The Trading Pit.

Social Media Statistics

The Trading Pit can also be found on numerous social media platforms.

Instagram13,900 Followers
Twitter5,560 Followers
LinkedIn6,612 Followers
YouTube4,450 Subscribers
Reddit
TikTok592 Followers & 2,494 Likes
Discord14,593 Members
Telegram2,754 Members

Customer Support

Live Chat✅
Emailsupport@thetradingpit.com
Phone+4232379000
DiscordDiscord Link
TelegramTelegram Link
FAQFAQ Link
Help Center❌
WhatsApp❌
Messenger❌
Supported LanguagesEnglish

Account Opening Process

  • Registration Form – Register with The Trading Pit through our affiliate link by filling out the registration form with your personal details and logging into the trading dashboard.
  • Choose Your Account – Choose your account type, account size, and trading platform.
  • Apply Discount Code – Apply our discount code FOREXPROPREVIEWS and enjoy a 10% discount on all The Trading Pit account sizes.
  • Choose Your Payment Method – Choose between Apple Pay, Google Pay, Perfect Money, Binance, Skrill, Neteller, cryptocurrency, and credit/debit card payment methods.

Conclusion

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.

Our detailed review of The Trading Pit was last updated on 07.03.2025 at 09:24 (CE(S)T).

What are your individual opinions on The Trading Pit and the services they offer? Do they align with the trading conditions and services you’ve been seeking?

Let us know if you enjoyed our detailed The Trading Pit review by commenting below!

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OFP Review (15% Discount Code: FOREXPROPREVIEWS) https://forexpropreviews.com/Proprietary-Trading-Firm/ofp/?utm_source=rss&utm_medium=rss&utm_campaign=ofp https://forexpropreviews.com/Proprietary-Trading-Firm/ofp/#respond Mon, 22 Jun 2020 10:20:00 +0000 https://forexpropreviews.com/?post_type=casino&p=57575 OFP is a proprietary trading firm that understands the inherent challenges of trading. To address this, they have introduced a genuine instant funding program, offering participants a range of benefits to support them in their trading journey. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $200,000 […]

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OFP is a proprietary trading firm that understands the inherent challenges of trading. To address this, they have introduced a genuine instant funding program, offering participants a range of benefits to support them in their trading journey. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $200,000 and receive up to 80% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, cryptocurrencies, and bonds.

Who are OFP?

OFP is a proprietary trading firm with the legal name FINTEKNOLOGY LTD that was incorporated in February 2022. They are located in London, UK, and are being managed by CEO Ruggero Catalano Rossi Danielli. OFP provides traders with the opportunity to choose between a customizable instant funding program while being partnered with Thunder Markets as their broker.

OFP’s headquarters are located at 28 Great Smith Street, England, London, SW1P 3BU.

Who is the CEO of OFP?

Ruggero Catalano Rossi Danielli is the CEO of OFP. Note that we will be adding more information about their CEO in the future. Stay tuned!

Video Review

Funding Program Options

OFP provides its traders with a single funding program option.

Instant Funding

OFP’s Instant Funding provides traders the opportunity to manage account sizes ranging from $5,000 up to $200,000. The aim is to allow traders to skip the evaluation altogether and start earning from the start.  Instant Funding allows you to trade with up to 1:100 leverage while also being able to choose your account funding between USD, EUR, and GBP.

Account SizePrice
$5,000$18.25 up to $166.80
$10,000$25.75 up to 249.60
$25,000$42.75 up to $399
$50,000$87 up to $788.40
$100,000$171.50 up to $1,507.80
$200,000$338 up to $2997

By purchasing Instant Funding, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 3%, 4%, or 5% maximum daily and 6%, 8%, or 10% maximum trailing loss rules. Your first payout can be on a monthly basis, bi-weekly basis, or on-demand when the Trader Value Score has been met, while all following withdrawals can be submitted on a monthly, bi-weekly, or on-demand basis, depending on the account type that you are trading on. Your profit split will be 26% up to 80% based on the profit you make on your funded account.

Instant Funding Scaling Plan

Instant Funding also has a scaling plan. If a trader is profitable and manages to secure a 20% profit within a three-month period, then they will become eligible for an account size increase equal to 25% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account, which secured a 20% profit, will increase to $125,000.

After the Next 3 Months: A qualified $125,000 account, which secured a 20% profit, will increase to $150,000.

After the Next 3 Months: A qualified $150,000 account, which secured a 20% profit, will increase to $175,000.

And so on…

Customizable Instant Funding Trading Objectives

Trading ObjectiveObjective Options
Maximum Daily & Maximum Loss Limits3% Max Daily & 6% Max,
4% Max Daily & 8% Max,
5% Max Daily & 10% Max
Profit Split26%, 40%, 60%, 80%
Type of PayoutMonthly, Bi-weekly, On-demand
CurrencyUSD, EUR, GBP

Instant Funding Trading Rules & Objectives

  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 3-5%.
  • Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 6-10%.
  • No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news.
  • No Martingale – Traders are prohibited from employing any form of martingale strategy during their trading activities.
  • Consistency Rule – Mandates traders to maintain uniformity in various aspects such as position sizes, risk management, losses, gains, and more. This implies that the account results should not exhibit significant variations in their characteristics. The Trader Value Score is a measure of a trader’s consistency, which cannot be equal to or higher than each individual’s Max Trader Value Score. It’s calculated as the total profit of your best trading day divided by the total PnL of your trading period. The Max Trader Value Score is different with each account type. It is also worth noting that a higher Trader Value Score doesn’t result in account closure. However, it is mandatory to be within the limit to be eligible to request a withdrawal.

What Makes OFP Different From Other Prop Firms?

OFP differs from most industry-leading prop firms due to offering a single account type, an instant funding program. In addition, they also provide numerous favorable features, such as access to instant funding programs, customizable funding programs, no profit target requirements, an unlimited trading period, and an opportunity to receive on-demand payouts.

OFP’s Instant Funding is a direct funding account that allows traders to skip the evaluation altogether and start earning from the start. There are no withdrawal requirements, only a 3%, 4%, or 5% maximum daily, and 6%, 8%, or 10% maximum trailing loss rules. You also have no minimum or maximum trading day requirements. Instant Funding also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, Instant Funding stands out mainly for having access to instant funding programs, customizable funding programs, no profit target requirements, an unlimited trading period, and an opportunity to receive on-demand payouts.

Example of comparison between OFP & FTUK

Trading ObjectivesOFPFTUK
Profit Target❌❌ (10% For Scaling)
Maximum Daily Loss3%, 4%, or 5%❌
Maximum Loss6%, 8%, or 10% (Trailing)6%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split26% up to 80%50% up to 80%

Example of comparison between OFP & Funded Trading Plus

Trading ObjectivesOFPFunded Trading Plus
Profit Target❌❌
Maximum Daily Loss3%, 4%, or 5%6%
Maximum Loss6%, 8%, or 10% (Trailing)6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split26% up to 80%80% up to 100%

Example of comparison between OFP & The5ers

Trading ObjectivesOFPThe5ers
Profit Target❌10%
Maximum Daily Loss3%, 4%, or 5%3% (Daily Pause)
Maximum Loss6%, 8%, or 10% (Trailing)6%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split26% up to 80%50% up to 100%

In conclusion, OFP differs from other industry-leading prop firms by offering a single account type, an instant funding program. In addition, they also provide numerous favorable features, such as access to instant funding programs, customizable funding programs, no profit target requirements, an unlimited trading period, and an opportunity to receive on-demand payouts.

Is Getting OFP Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

  • Receiving capital from Instant Funding is realistic primarily due to no profit target requirements coupled with average maximum loss rules (3%, 4%, or 5% maximum daily and 6%, 8%, or 10% maximum trailing loss). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can trade at your preferred pace. Furthermore, upon successfully generating a profit, participants qualify for payouts featuring an advantageous profit split of 26% up to 80%.

After considering all the factors, OFP is highly recommended since you have a single funding program to choose from, which features realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

OFP 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 OFP and reaching funded status with Instant Funding, you will be eligible to receive your first payout after 30 calendar days, 14 calendar days, or on an on-demand basis if you meet the Trader Value Score based on which funding program type you choose while purchasing the trading account. However, after your first payout, you will be eligible to receive payouts if you exceed your initial account size every 30 calendar days, 14 calendar days, or on an on-demand basis. Your profit split will consist of a generous 26% up to 80% based on the profit that you have generated on your funded account. The profit split also depends on the percentage that you choose while purchasing your trading account.

When it comes to OFP 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 OFP is their Discord channel, where you can find numerous payout certificates of the most successful traders.

Examples of Payout Certificates and Payment Proof can be seen in the images below.

Which Broker Does OFP Use?

OFP is partnered with Thunder Markets as their broker.

Thunder Markets combines cutting-edge technology with first-class customer service to create a trading experience that stands out in the competitive world of Forex and financial markets. Built with the needs of ambitious traders in mind, Thunder Markets leverages state-of-the-art trading platforms, robust security measures, and advanced analytical tools to provide a seamless and efficient trading environment.

As for trading platforms, while you are working with OFP, they allow you to trade on cTrader, TradeLocker, or Match-Trader.

Trading Instruments

As mentioned above, OFP is partnered with Thunder Markets, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, cryptocurrencies, and bonds with a leverage of up to 1:100, depending on the trading instrument that you are trading.

Forex Pairs

AUD/CADAUD/CHFAUD/JPYAUD/NZDCAD/CHFCAD/JPY
CHF/JPYEUR/AUDEUR/CADEUR/CHFEUR/GBPEUR/JPY
EUR/NZDGBP/AUDGBP/CADGBP/CHFGBP/JPYGBP/NZD
NZD/CADNZD/CHFNZD/JPYAUD/USDEUR/USDGBP/USD
USD/CADUSD/CHFUSD/JPYNZD/USDAUD/SGDCHF/SGD
EUR/DKKEUR/HKDEUR/NOKEUR/PLNEUR/SEKEUR/SGD
EUR/TRYEUR/ZARGBP/DKKGBP/NOKGBP/SEKGBP/SGD
GBP/TRYNOK/JPYNOK/SEKSEK/JPYSGD/JPYUSD/CNH
USD/CZKUSD/DKKUSD/HKDUSD/HUFUSD/MXNUSD/NOK
USD/PLNUSD/RUBUSD/SEKUSD/THBUSD/TRYUSD/ZAR
USD/SGD

Commodities

XAG/EURXAG/USDXAU/AUDXAU/EURXAU/USD
XPD/USDXPT/USDBRENTCOCOACOFFEE
CORNCOTTONOJSOYBEANSUGAR
WHEATWTIXBR/USDXNG/USDXTI/USD

Indices

AUS200DE40F40JP225STOXX50
UK100US30US500USTECCA60
CHINA50CHINAHES35HK50IT40
MIDDE50NETH25NOR25SA40SE30
SWI20TECDE30US2000

Cryptocurrencies

BTC/USDETH/USD

Bonds

EURBOBLEURBUNDEURSCHAITBTP10YJGB10Y
UKGBUST05YUST10YUST30Y

Trading Fees

Trading Commission

Trading InstrumentCommission Fee
FOREX0 USD / LOT
COMMODITIES0 USD / LOT
INDICES0 USD / LOT
CRYPTOCURRENCIES0 USD / LOT
BONDS0 USD / LOT

Spread Account

To check the live spreads, log in to the trading account below.

PlatformServerLogin NumberPasswordDownload Platform
cTraderClick here
TradeLockerClick here
Match-TraderClick here

Education

OFP provides educational content to their community, including a comprehensive video market analysis twice a week and an insightful podcast, which focuses on the trading mindset. This content is designed to help traders improve their skills and understanding of the market. All of these resources are readily accessible through OFP’s Discord and YouTube channels, ensuring that members have convenient access to valuable information and expert advice. Additionally, the content is tailored to address various aspects of trading, from technical analysis to psychological strategies, offering a well-rounded educational experience.

Additionally, OFP offers all clients access to a carefully designed trader dashboard, streamlining risk management by offering constant access to detailed statistics and objectives. This ensures real-time updates, contributing to an improved user experience.

OFP Trading Dashboard

Trustpilot Feedback

OFP has gathered a great score on Trustpilot based on their community’s feedback.

On Trustpilot, OFP has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an average rating of 3.7 out of 5 from a substantial pool of 3,293 reviews. Notably, 61% of these reviews have awarded OFP the highest rating of 5 stars.

In the first example, the client approached OFP cautiously, starting with a small account to test the waters. They appreciated that there’s no challenge required to get a funded account, though the consistency rule must be met to receive a payout. The client noted that while it might be tempting to take larger positions during big market moves, staying consistent with daily PnL is more beneficial in the long run. They achieved their first payout with the company and were contacted early in the morning to confirm they had reached the payout threshold, and the money was in their bank account within two hours via UK bank transfer.

The second client had a positive experience with OFP, praising its instant funding model and realistic trading rules, which provide ample flexibility. They also highlighted the excellent customer service, sharing that when they requested a refund on their first account due to personal circumstances, it was handled promptly and professionally. The client described OFP as a great firm.

Social Media Statistics

OFP can also be found on numerous social media platforms.

Facebook1,700 Followers & 1,500 Likes
Instagram23,300 Followers
TikTok51 Followers & 118 Likes
Twitter2081 Followers
LinkedIn2,051 Followers
YouTube2,990 Subscribers
Telegram899 Members
Discord39,428 Members

Customer Support

Live Chat✅
Emailsupport@ofpfunding.com
DiscordDiscord Link
TelegramTelegram Link
FAQFAQ Link
Supported LanguagesEnglish

Account Opening Process

  • Registration Form – Register with OFP by filling out the registration form with your personal details and logging into the trading dashboard.
  • Choose Your Account – Choose your type of payout, currency, account size, maximum daily drawdown, and profit split.
  • Apply Discount Code – Apply our discount code FOREXPROPREVIEWS and enjoy a 15% discount on all OFP customizable funding program.
  • Choose Your Payment Method – Choose between a credit/debit card and a cryptocurrency payment method.

Conclusion

In conclusion, OFP is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose a single funding program, Instant Funding, which is a direct funding program.

OFP’s Instant Funding is a direct funding account that allows traders to skip the evaluation altogether and start earning 26% up to 80% profit splits from the start. Traders have no profit target requirements, with a 3%, 4%, or 5% maximum daily and 6%, 8%, or 10% maximum trailing loss rules, which are realistic trading objectives. Regarding time limitations, you have no minimum or maximum trading day requirements, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that Instant Funding features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommend OFP 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 unique features, such as access to instant funding programs, customizable funding programs, no profit target requirements, an unlimited trading period, and an opportunity to receive on-demand payouts. After considering everything OFP offers to traders worldwide, they are indeed a desirable choice within the prop trading industry.

Our detailed review of OFP was last updated on 07.03.2025 at 09:55 (CE(S)T).

What are your individual opinions on OFP and the services they offer? Do they align with the trading conditions and services you’ve been seeking?

Let us know if you enjoyed our detailed OFP review by commenting below!

The post OFP Review (15% Discount Code: FOREXPROPREVIEWS) appeared first on Forex Prop Reviews.

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