The Trading Pit Prime Program
The Trading Pit has expanded its Prime Program, enabling traders to participate in both Futures and CFDs Prime Challenges. This dual offering introduces several new features designed to enhance the trading experience and improve profitability.
Key Features of the Prime Program
- Payout Policy: Traders can withdraw any profits above $100 without needing to hit a profit target. This change offers more immediate access to earnings.
- Withdrawal Frequency: Withdrawal requests can be submitted every 14 days, providing regular access to funds.
- Static Max Drawdown: The program has eliminated trailing drawdowns, implementing a static maximum drawdown to offer greater stability and predictability.
- Higher Profit Share: An 80% profit share is available throughout all Prime Challenges, significantly boosting trader profitability.
- Flexible Challenge Options: The Prime Program offers both 1-phase and 2-phase challenges, accommodating different trading styles and preferences.
- Cost-Effective Challenges: The CFD Prime 100K Challenge is now available for $569, making it more accessible to a broader range of traders.
Prime Scaling Plan
To reward consistent traders, The Trading Pit will increase account balances by 25% upon meeting specific criteria:
- Active trading for at least 3 months
- Receiving at least two payouts
- Achieving an overall profit of 10%.
Updated Challenge Card Names
To simplify the challenge structure, the names of the challenge cards have been updated:
- $10,000 Account (formerly Lite)
- $20,000 Account (formerly Standard)
- $50,000 Account (formerly Executive)
- $100,000 Account (formerly VIP).
Comparison of Prime and Classic CFD Challenges
- Cost: The Prime Challenge is priced at $569, while the Classic Challenge costs $999.
- Phases: Prime offers both 1-phase and 2-phase options, whereas Classic is limited to 1-phase.
- Daily Drawdown: Prime’s drawdown is based on the account balance at 16:00 CT, compared to Classic’s equity-based drawdown.
- Maximum Drawdown: Prime features a static drawdown, while Classic has a trailing drawdown.
- Profit Share: Prime offers a fixed 80% profit share, whereas Classic ranges from 50% to 80%.
- Payout Policy: Prime allows withdrawals above $100 every 14 days, while Classic requires hitting a profit target to request payouts.
These updates reflect The Trading Pit’s commitment to improving traders’ flexibility, stability, and profitability in their trading activities. For more information, visit The Trading Pit website.
