- Real accounts with up to $1,000,000 in genuine capital.
- Bi-weekly payouts with profit shares of 70% to 90%.
- 1:100 leverage for Standard challenge accounts.
- Permitted overnight positions and news trading.
- Exclusive benefits for Extended challenge accounts.
The Trading Pit
- Scaling up to $5,000,000 with up to 80% profit division.
- Stellar Trustpilot rating of 4.8/5.
- Wide range of trading instruments.
- Minimal trading requirement of 3 days.
- Flexible trading: overnight, weekends, and news events.
Cons ❌
Funded Academy
- Lot size restrictions
- 1:10 leverage on Extended challenge accounts
- Monthly payouts on Extended challenge accounts
The Trading Pit
- Low initial profit share of 50% or 60%
- Trailing drawdown post-funding
Rules 📋
Funded Academy
Lot Size Limit, Maximum Daily Loss, Maximum Loss, No Weekend Holding, Profit Target, Stop Loss Required, Third Party Copy Trading Risk, Third Party EA Risk
The Trading Pit
Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Maximum Trailing Drawdown, Minimum Trading Days, No Copy Trading Allowed, Profit Target
Funded Academy positions itself as a comprehensive prop firm for serious traders, offering real accounts with a substantial capital ceiling of up to $1,000,000. Traders are enticed by bi-weekly payouts, which importantly range from a favorable 70% to an impressive 90% profit share—a generous offer in the industry. The firm demonstrates flexibility by permitting overnight positions and news trading, which suggests accommodation to various trading strategies. Leverage is standard at 1:100 for Standard challenge accounts, popular among retail traders for amplifying potential profits.
The firm seems to tailor its offerings to more committed traders by providing exclusive benefits for those participating in Extended challenge accounts, likely to involve additional perks, but likely at the cost of higher entry barriers or more stringent rules. Withdrawal methods are exclusively through crypto, which might limit some traders who prefer or require traditional banking methods.
The Trading Pit Overview
On the other hand, The Trading Pit showcases an ambitious scaling program, allowing traders to reach up to $5,000,000 in capital with an 80% profit share, which while slightly lower than Funded Academy's top tier, is still considerable given the capital scale. A high Trustpilot rating of 4.8 attests to customer satisfaction and trust—a vital asset in the brokerage realm where reputation is critical.
Rigorous trading requirements often discourage up-and-coming traders, but The Trading Pit maintains an accessible approach with minimal trading requirements of only 3 days, coupled with flexibility to trade over the weekend and during news events. A wide range of trading instruments is offered, providing diversity and the chance to exploit various markets. However, the initial profit share is on the lower end, and the trailing drawdown post-funding could be a deterrent for those looking for steady and less conditional profit terms.
Withdrawal options are more traditional, with bank wire transfers included, which might be seen as more secure or accessible for certain users who have a preference for or need direct banking service.
Comparative Analysis
Comparing these two entities is significantly dependent on the trader's goals and preferences. Funded Academy appears to cater to a more strategically varied trader with its allowance for news trading and overnight positions. Whereas The Trading Pit promotes a more ambitious scaling opportunity, with benefit terms that may appeal to traders confident in their ability to grow within the firm.
Account sizes imply a broad range with Funded Academy, indicating potential suitability for both newcomers to proprietary trading as well as those aiming high from the outset. The Trading Pit is less clear on this front with general USD account size information provided.
In terms of tradeable instruments, both firms offer a comprehensive selection, with The Trading Pit nudging slightly ahead offering bonds and commodities in addition to those offered by Funded Academy.
Payment methods for deposits and withdrawals could be a significant deciding factor for some traders. Crypto enthusiasts may lean towards Funded Academy, which operates entirely within the crypto sphere for payments. Conversely, The Trading Pit may appeal to the traditionalists seeking the reassurance of bank wire transfers.
Another angle to consider is the incorporation date of each firm, which could correlate to experience and established reputation, where Funded Academy has a few months of seniority.
Downsides and Risks
Despite the advantages, each firm presents certain drawbacks. Funded Academy's exclusive reliance on crypto for withdrawals may limit its appeal, while The Trading Pit's lower initial profit share and trailing drawdown policies could deter traders looking for higher immediate returns and less restrictive drawdown conditions. Moreover, proprietary trading is not without risks, and both firms enforce specific rules such as maximum daily losses and profit targets that traders must navigate.
Conclusion
Choosing between Funded Academy and The Trading Pit ultimately hinges on individual trading styles, risk appetites, and payment preferences. Both firms provide powerful platforms for traders to climb the proprietary trading ladder, but each with unique offerings that will resonate differently depending on the trader's circumstances and end goals. As with any prop firm, potential users should conduct thorough personal research beyond these summaries, assessing all rules and conditions to ensure their chosen firm aligns with their trading approach and financial strategies.
