Overview
The Trading Pit is a prop firm, or “proprietary trading firm.” based in Liechtenstein. Like most prop firms, the concept behind the Trading Pit is simple: they offer company capital to traders through funded accounts. The Trading Pit takes the hit of any losses, but the trader gets to keep up to 80% of the profits.Things we didn't like:
Strict drawdownsQuite tough trading targets
Low initial profit splits
Customer service complaints
Why would you want an alternative to THE TRADING PIT?
For all its numerous accolades, the Trading Pit may not be for everyone. The tradeable assets are limited to forex and futures and some traders may prefer to find a prop firm that also offers access to other markets such as stocks and cryptocurrency. While they offer up to 80% in shared profits the initial cut to traders is 50% and this does not get above 55% until Level 5.
Affiliates may be put off by the Trading Pit Affiliate scheme, which only pays out monthly. While the Trading Pit claims it offers “competitive commissions” to its Affiliates the exact percentage is not published, and some would-be applicants may be discouraged by the lack of information online.
What other users do not like about The Trading Pit
The Trading Pit TrustPilot Customer Reviews, Feedback and Complaints
On Trustpilot, The Trading Pit has currently 122 number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.80/5.00.
What to look for in a THE TRADING PIT Alternative?
In view of the above, improvements to the Trading Pit could include transparent commissions for Affiliates, fewer steps for traders during the KYC process, and access to markets other than forex and futures. Traders looking for an alternative to the Trading Pit should search for prop firms specializing in cryptocurrency or stocks trading and affiliates looking for new programs could use their ideal percentage as a search term.
Best THE TRADING PIT alternatives – Proprietary Trading Firms like (or better than) THE TRADING PIT
Rating breakdown
Things we liked:
Exclusive Discount Code (20% Off Exclusive Offer)Minimal rules & unlimited time for completion
Two-part assessment leading to $200,000 in funding
Scaling plan & fast-track funding opt
Things we didn't like:
A Relatively New player in the funded account offeringFunderPro Overview
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
Rating breakdown
Things we liked:
Unlimited evaluation free retries (Exclusive Refund Code 120%)No restrictions on trading style
Overnight and weekend holding allowed
A large variety of trading instruments
Things we didn't like:
Consistency rule for express accountsNo free trials available
Minimum 5 trading days
FundedNext Overview
In 2022, Next Ventures launched a new platform: FundedNext was live. The prop firm quickly made a name for itself by its generous capital allowance: a staggering $4 million was on the table for FundedNext traders who get to keep 90% of any profits made.
Rating breakdown
Things we liked:
Exclusive Discount Code (25% Off Exclusive Offer)Low challenge fees from $40
Crypto trading available
Offers scaling up to $2 million
Things we didn't like:
Strict rules on news tradingLimited payment options
BlueBerry Funded Overview
Blueberry Funded is a proprietary trading firm offering sustainable challenges, advanced technology, and fast payouts. Backed by 20+ years of combined brokerage and prop firm experience, it provides top-tier trading conditions and long-term opportunities for traders. Traders can manage accounts up to $200,000 with profit splits up to 90%, trading forex, commodities, indices, and cryptocurrencies.