Abstract：Did you receive contradictory emails from The Trading Pit, with one approving payout and another rejecting it, citing trading rule violations? Did you purchase multiple trading accounts but receive a payout on only one of them? Did The Trading Pit prop firm refund you for the remaining accounts without clear reasoning? Did you face account bans despite using limited margins and keeping investment risks to a minimum? These are some raging complaints found under The Trading Pit review. We will share some of these complaints in this article. Take a look.
Did you receive contradictory emails from The Trading Pit, with one approving payout and another rejecting it, citing trading rule violations? Did you purchase multiple trading accounts but receive a payout on only one of them? Did The Trading Pit prop firm refund you for the remaining accounts without clear reasoning? Did you face account bans despite using limited margins and keeping investment risks to a minimum? These are some raging complaints found under The Trading Pit review. We will share some of these complaints in this article. Take a look.
Top Trading Complaints Against The Trading Pit
Trader Reports Partial Refunds, Unpaid Profits & Unexplained Account Invalidation
A trader reported that out of six purchased accounts, five were refunded and one received a payout. However, another account where profits had already been secured was invalidated before the payment date, resulting in non-payment. Despite asking the customer support service for clarification, the trader never received a clear explanation of which rule or trade was violated. They claim to have followed all visible trading rules, maintaining only a 1% risk per trade, but believe there are hidden or unexplained rules that led to their accounts disqualification. To know more about the complaint, check this screenshot.
Contradictory Emails on the Payout Date
A trader reported having done so well by registering a profit worth 1870 USD. As he requested the payout, the profit share stood at approximately 1470 USD. The trader did not trade since he requested a payout. The trader received two emails, one showing payout rejections owing to the trading rule violation, and another showing payout approval. As it turned out, the trader sought clarification from the broker. However, the trader did not receive any response. This made him give The Trading Pit review, this way.
Traders Report Account Bans Despite Adherence to Challenge Norms
The Trading Pit prop firm is accused of banning trading accounts of even those traders who meet challenge norms by keeping the risk down and using minimum margins. The Germany-based forex broker delivers account ban notices to traders, citing excessive leverage use and other inefficiencies, which, according to the traders, are not true. Here are some screenshots explaining the problem in greater detail.
WikiFX Shares The Trading Pit Review: Score & Regulatory Details
The Trading Pit review by WikiFX is made after considering numerous trading complaints on funding and the brokers regulatory status. Viewing the complaints seriously, the team investigated the broker thoroughly, only to find that it is not regulated by any competent financial authority. This explains all the problems traders found while dealing with account bans despite adherence to norms, as claimed by them. This made the WikiFX team give the broker a poor score of 1.43 out of 10.
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