Find out the major disadvantages of The Trading Pit Proprietary Trading Firms and alternatives with lower fees and more security. Unbiased The Trading Pit Alternatives reviews.
So which Proprietary Trading Firms are better than The Trading Pit? Want to jump straight to the answer? FunderPro is the best alternative prop firm to The Trading Pit for April 2024 .

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 drawdowns
 Quite tough trading targets
 Low initial profit splits
 Customer service complaints

  Head to head With ...

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 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

Challenge Assessment
90%
4.5/5
Support
100%
5.0/5
Trading Fees
100%
5.0/5
Payout Scheme
90%
4.5/5

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 offering

#1
FunderPro 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.

4.1 / 5

Rating breakdown

Challenge Assessment
90%
4.5/5
Support
70%
3.5/5
Trading Fees
70%
3.5/5
Payout Scheme
100%
5.0/5

Things we liked:

 FTMO charges a one-time fee only
 FTMO has generous conditions for its traders

Things we didn't like:

 Complaints about the platform freezing
 Complaints about lack of customer support

#2
FTMO Overview

FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.

3.9 / 5

Rating breakdown

Challenge Assessment
70%
3.5/5
Support
70%
3.5/5
Trading Fees
90%
4.5/5
Payout Scheme
80%
4.0/5

Things we liked:

 Let you trade with leverage of up to 1:30

Things we didn't like:

 5%ers Challenge fee is on the higher end of the spectrum
 There are other holes in the 5%er offer

#3
the5ers Overview

The 5%ers is a prop trading firm founded by Gil Ben Hur and Snir Chiel. Both former forex day traders, Gil and Snier, experienced first-hand the frustrations that lack of capital bring to experienced traders ready to play the markets. Hence, the 5%ers Funding Program was born: a platform to reward worthy traders with significant capital, with profits shared in a win-win outcome.

The Trading Pit Alternatives Frequently Asked Questions (FAQs):

Are there any sites like The Trading Pit?
Yes, there are many sites offering similar services to The Trading Pit. These include FunderPro, Lux Trading Firm, My Forex Funds and many more. If you are looking for an alternative to The Trading Pit,  FunderPro is currently rank as the number one on the list of top Forex Prop Firms.
Who are The Trading Pit Top Competitors?
The Trading Pit 's top competitors in April 2024 are: FunderPro, FTMO, the5ers and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

Are you Satisfied with what They Offer?