Score
The Trading Pit
Germany|2-5 years| https://www.thetradingpit.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Germany
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed The Trading Pit also viewed..
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Website
thetradingpit.com
Server Location
United States
Website Domain Name
thetradingpit.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2004-10-14
Server IP
172.67.69.122
Company Summary
| Basic | Information |
| Registered Countries | Germany |
| Regulation | No License |
| Minimum Deposit | N/A |
| Maximum Leverage | N/A |
| Minimum Spread | N/A |
| Trading Platform | MT4, MT5, ATAS, Quantower, Rithmic |
| Demo Accounts | Available |
| Trading Assets | Forex, Futures, COMBO |
| Payment Methods | Bank Wire |
| Customer Support | Telephone, Email, Online Chat |
General Information
The Trading Pit is an award-winning global proprietary trading firm, aiming to challenge the conditions that traders have been working under for years. The Trading Pit boasts that it offers global access to all major asset classes, including forex, stocks, ETFs, Futures, Options, and Cryptos.
Here is the screenshot of The Trading Pit official website:
The Trading Pit is not regulated by any regulator to support its operation, and thats why WikiFX has given it a very low score of 1.14/10. Trading with an unregulated broker is a surefire way to lose money. Please be aware of the risk involved.
Market Instruments
The Trading Pit give clients the opportunity to trade currencies, futures, Como on the global markets.
Account Types
The Trading Pit has designed various trading plans or accounts for Forex trading, Futures trading and COMO trading. Take forex trading as an example, this broker has set four types of trading accounts and these trading accounts are determined by the minimum deposit:
Lite-Challenge Account Balance: 2,500 euros
Standard-Challenge Account Balance: 5,000 euros
Executive-Challenge Account Balance: 10,000 euros
VIP-Challenge Account Balance: 20,000 euros
For Futures trading, there are also four types of trading plans listed, with the account balance required for each account extremely higher than forex trading.
COMO trading has two types of trading accounts offered, namely Lite and Executive accounts, with the Lite account requiring an account balance of 2,500 euros and Executive account requiring an account balance of 10,000 euros.
Trading Platform
When it comes to trading platforms available, The Trading Pit has offered multiple trading platform options, including MT4, MT5, Rithmic, EDGE, STEROTRADER, SIERRA, ATAS, QUANTOWER.
Deposits & Withdrawals
The minimum deposit is 250 EUR/GBP/USD, and the minimum deposit is 100 USD. The Trading Pit allows its clients to make a deposit and withdrawal through the following payment methods, including VISA, MasterCard, Wire Transfer, Maestro, Bitcoin, Tether, and Litecoin.
Customer Support
Clients with any inquiry or trading-related issues can get in touch with The Trading Pit through the following contact channels:
Telephone: +4986774014100
Email:support@thetradongpit.com
Live Chat Support
Or you can also follow this brokerage on some social media platforms, such as Facebook, Instagram, Twitter, Linkedin, Youtube, TikTok, etc.
Educational Resources
The Trading Pit offers clients some educational resources, such as Webinars, Squawkbox, Educational Videos, Economic Calendar, CME Heatmap, as well as Glossary.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
| Pros | Cons |
| Multiple trading platforms | No regulation |
| High minimum deposit | |
| Limited trading platform |
Frequently Asked Questions
What trading instruments can I trade with on The Trading Pit？
The Trading Pit allows investors to trade currencies, futures, Como on the global markets.
What is the minimum deposit required by TheTrading Pit？
The minimum deposit is 250 EUR/USD/GBP.
Does The Trading Pit offer educational resources？
Yes, The Trading Pit offers educational resources, including Webinars, Squawkbox, Educational Videos, Economic Calendar, CME Heatmap, as well as Glossary.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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