Funded Trading Plus vs The Trading Pit

Funded Trading Plus Overview

Funded Trading Plus offers an extensive range of opportunities for traders looking to scale their trading strategies. With four funding programs offering up to a substantial $2,500,000 in capital, Funded Trading Plus stands out for ambitious traders aiming to reach new heights. The firm's impressive 4.9/5 Trustpilot rating underlines the community's trust and satisfaction. With 90% profit splits, this firm takes the lead in ensuring that traders feel adequately rewarded for their trading acumen. The absence of trading day restrictions, including overnight and during news, provides traders the freedom many seek. In today's rapidly changing market, this flexibility can be hugely beneficial. Moreover, access to robust trading tools across a variety of instruments such as forex, commodities, indices, and cryptocurrencies gives traders a broad spectrum for diversification. Factoring in the scaling options and swift support, Funded Trading Plus presents a solid package for serious traders. However, potential downsides for traders include specific rules such as maximum daily and trailing drawdown, as well as restrictions on third-party copy trading and EA risks. These constraints may deter traders who prefer using such strategies or need more flexibility with risk management.

The Trading Pit Overview

The Trading Pit captures attention with its scaling program, which shoots for the stars at $5,000,000 and a commendable profit division of up to 80%. Despite starting off with a lower initial profit share (50% or 60%), the potential to grow earnings as capital scales can be alluring for the trader with a long-term vision. With its own edge of a stellar Trustpilot rating of 4.8/5, The Trading Pit has established a reputable standing in the market quickly, since its incorporation in early 2022. A flexible trading approach, allowing activity over the weekend and during news events, is another highlight that can make this firm a go-to for many. The minimal trading requirement of 3 days is a breath of fresh air for traders who dislike being tied to stringent trade quotas. A wide range of tradeable instruments, including stocks which Funded Trading Plus falls short of, means The Trading Pit is accommodating to those seeking diversity in their trading portfolio. On the flip side, the trailing drawdown condition post-funding might give pause to those wary of stringent risk parameters that accompany their trading latitude. Further, the array of rules, like maximum loss and trading days, though standard, can be seen as restrictive in comparison to the relatively freer environment of Funded Trading Plus.

Funding Terms and Withdrawal Conditions

Both firms accept deposits through credit/debit cards and crypto, which shows they are in touch with mainstream and modern traders. When it comes to withdrawals, Funded Trading Plus allows for modern solutions like Crypto and Deel, potentially ensuring quicker and more global access to funds. Meanwhile, The Trading Pit sticks with the traditional bank wire transfer method, which may suit those who are accustomed to classical banking procedures.

Tradeable Instruments and Account Sizes

Both firms operate with USD as the base currency for their accounts. Funded Trading Plus offers a selection from smaller $5,000 to large $200,000 accounts, whereas The Trading Pit offers an unspecified range of account sizes, potentially more customizable. Funded Trading Plus supports a range of instruments, but The Trading Pit extends its offerings to bonds and stocks, widening the spectrum for those looking to trade equity markets and fixed income.

Final Thoughts

Funded Trading Plus emerges as a robust choice for traders focusing on forex and commodities, providing autonomy in trading schedules and promising high-profit share margins. Its longer presence in the market may also give some traders a sense of reliability and proven track record. In contrast, The Trading Pit is a younger but promising venue for those seeking massive scaling opportunities and variety in tradable assets, including stocks and bonds. The added benefit of minimal trading days and weekend flexibility could swing favor from those feeling constrained by more established norms. Ultimately, the choice between these two firms will hinge on individual trading styles, risk tolerance, and long-term goals. Both firms are evidently customer-centric, albeit with nuanced approaches, and provide fertile ground for retail traders looking to partner with a prop firm.