The Trading Pit Forex Broker

The Trading Pit Review SummaryFounded2004Registered Country/RegionGermanyRegulationNot RegulatedMarket Instrumentsforex, commodities, indices, crypto & stocks CFDsDemo AccountNot MentionedLeverageUp to 1:50Customer Supportsupport@thetradingpit.com+4232379000The Trading Pit Information The Trading Pit is a fintech-focused private equity firm. The platform offers global access to all major asset classes, including forex, commodities, indices, crypto & stocks CFDs on the global markets. It designs different plans for CFDs trading and Futures trading, where clients can choose an evaluation type that aligns most with their trading style and risk tolerance.Pros and ConsPros Cons Offers multiple assets to tradeLack of regulationOffers many different account typesLimited information on trading fees and platformLess flexible leverageIs The Trading Pit Legit? The Trading Pit is an unregulated broker. The WHOIS search shows the domain thetradingpit.com was registered on October 13, 2004. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.What Can I Trade on The Trading Pit? The Trading Pit gives clients the opportunity to trade forex, commodities, indices, crypto & stocks CFDs on the global markets.Tradable Instruments Supported Forex✔Stocks✔Commodities✔Indices✔Crypto✔Shares❌Metals❌Trading Plans The Trading Pit has designed various trading plans or accounts for CFDs trading and Futures trading. For CFDs trading, you can “Build Your Challenge” with two evaluation types: 1-Phase Evaluation with fast progress and limited drawdowns, and 2-Phase Evaluation with steady progress and extended drawdowns. You can select an initial account balance ranging from $5,000 to $200,000. You will get your own “Order Summary” based on the selected configuration, detailing parameters like daily and maximum drawdown, profit target, minimum trading days, profit share, and the price. For futures trading, there are PRIME and CLASSIC programs. PRIME offers three plans with the same activation fee of $129 and an 80% share profit. The most popular PRIME program is the $189 contract with an account balance of $100,00.Account BalancePriceContractsDaily PauseMax DrawdownResetExtend$50,000$995 Standard / 50 Micros$1,000$2,000$79$99$100,000$18910 Standard / 100 Micros$2,000$3,000$149$189$150,000$28915 Standard / 150 Micros$3,000$4,500$229$289 CLASSIC program offers four plans with no activation fee. If you're starting out or prefer lower risk, the $20,000 plan offers the lowest entry price and drawdown. For higher potential profit share and more trading capacity, consider the $200,000 or $250,000 plans.Account BalancePriceContractsMax DrawdownProfit ShareResetExtend$20,000$9910 Micros$500Up To 70%$49$99$150,000$1695 Standard / 50 Micros$3,000Up To 70%$85$169$200,000$3497 Standard / 70 Micros$3,500Up To 80%$179$349$250,000$59910 Standard / 100 Micros$5,000Up To 80%$299$599Leverage The leverage offered for different CFD instruments includes 1:50 for Forex, 1:10 for Metals, Energies, and CFD Cash Indices, and 1:2 for Crypto and Equities.Deposit and Withdrawal The Trading Pit supports many payment methods, including Credit Cards, PayPal, Apple Pay, Google Pay, Cryptos, and BinancePay. Online bank transfers are also available based on the region. But other information, like the minimum amount or the fees for deposit and withdrawal, is not provided.