We are thrilled to announce that we’ve partnered with Edge-Clear, an innovative futures broker that offers unparalleled service and market access.
By teaming up with Edge Clear, The Trading Pit will have an upgraded execution in futures and offer unique trading conditions to its customers.
Collaborating with Edge Clear emphasizes our mission to provide innovative solutions for our future clients. This partnership will offer outstanding opportunities for traders, making trading accessible for everyone.
Disclosure: Nothing that The Trading Pit shares should be read or construed as constituting advice on the part of The Trading Pit or any of its affiliates, directors, officers, or employees.
Can you help answer these questions from other members on futures io?
The Trading Pit Co-Founder Illimar Mattus Inspires 400 Traders in Madrid: Learn from the Best!
Hola amigos! Our co-founder, Illimar Mattus, has become a Spanish-speaking sensation and is not afraid to show it off! He is ready to serenade you with his newfound linguistic skills in español.
Illimar had the pleasure of meeting 400 incredibly talented traders and investors in the beautiful city of Madrid.
He shared his expertise and insights with fellow traders and investors during the event. Seeing everyone come together to learn and grow as a community was truly inspiring.
Are you looking for opportunities to help you reach your financial goals? Why not join us at The Trading Pit?
And you know what they say about investors - they're always trying to find the next big thing. But don't worry; we’ve got you covered! We'll help you navigate the market to find that diamond in the rough - without sifting through a bunch of coal.
Disclosure: Nothing that The Trading Pit shares should be read or construed as constituting advice on the part of The Trading Pit or any of its affiliates, directors, officers, or employees.
I always leave a balance as a cushion so this has never been a concern. What i don’t like is the ongoing monthly fees. Elite Trader also does this but Apex and Bulenox don’t.
TTP also charges a reset fee if you fail a combine. Apex and Bulenox will automatically reset the beginning of the month. They don’t really say that anywhere but they do.
The deal breaker is no multiple accounts or discounts.
You are able to sign up for multiple accounts with us. We have traders with multiple accounts in the Live Phase along with even more accounts running in evaluation.
In reply to Phoenixoboros comment below, please note that the reason we cannot offer free Resets at the beginning of each month, is because our model is based on a one time fee, therefore if we cannot afford to give out free Resets as the Futures Exchanges (CME & EUREX) will charge us market data fees at the beginning of each month, along with all other platform licenses and tech services we pay on a monthly basis.
To give a deeper insight, we get charged $57,50 per user each month for the Market data which is billed to us on the 1st of each month (available also on our website). If you were to purchase a Challenge on the last day of the month, then TTP would be charged for two months of market data.
This is why we must charge for Resets and Extensions.
Disclosure: Nothing that The Trading Pit shares should be read or construed as constituting advice on the part of The Trading Pit or any of its affiliates, directors, officers, or employees.
Disclosure: Nothing that The Trading Pit shares should be read or construed as constituting advice on the part of The Trading Pit or any of its affiliates, directors, officers, or employees.
The following user says Thank You to TheTradingPit for this post:
Thanks for the feedback on this Phoenixoboros! The reason we have our Daily Drawdown in place is clearly to be able to manage our risk. We only ask for 2 things from our traders before we onboard them as partners:
1. Be able to make profits
2. Demonstrate Risk Management skills
During the Evaluation stage, I think it's pretty straight forward why we would like to have a Daily Drawdown in place. For the Scaling Plan (Live Phase) I understand after a certain amount of profit, traders may want to use the profit they made yesterday as a cushion to take on a riskier trade today. We are willing to discuss about special conditions for our traders after they reach Level 4 of our Scaling Plan. That's when we feel confident that our partner trader deserves an investment which is potentially tailored to his needs. This may mean that he requires a higher daily drawdown and we are willing to review his strategy and proceed accordingly.
Disclosure: Nothing that The Trading Pit shares should be read or construed as constituting advice on the part of The Trading Pit or any of its affiliates, directors, officers, or employees.
The following 2 users say Thank You to TheTradingPit for this post:
Thanks for the reply… i will look over your FAQ’s again.
I believe i read somewhere on you website that once a person is funded they are considered a professional trader. Is this correct? If so, then i see where the fees are coming from. I believe this is the same as what E2T does.
How do other prop firms get away with not charging the monthly market data fees and only charge a on-time fee? Just curious and trying to better understand how different prop firms operate.
