Good to Know (Before Trading)

Key things to understand before you begin live trading.

• What is the stop out level?
• How much am I charged for each trade?
• What is HFT (High Frequency Trading)?
• If I set a small SL or TP, will this breach the no Scalping Rule?
• How does the Daily Drawdown work (CFD Prime Challenges)?
• Inactivity Breach Policy
• Why should I choose The Trading Pit?
• How can I contact you?
• Do you offer Demo or Live Accounts?
• Where can I view the status of my request on The Trading Pit?
• How do I access my Dashboard?
• What do you mean by Breached?
• Is Hedging allowed?
• How much do your Challenges cost?
• What value do you provide traders that purchase one of your Challenges?
• How can I see my demo trading account information?
• Will my changing IP address cause me any issues?
• How much capital am I eligible to trade with?
• What is the difference between order types?
• How often should I trade?
• How do I purchase a Challenge?
• In which cases do you suspend an account in the Scaling Plan?
• How does your Max Drawdown (Static) work?
• What is High WaterMark level?
• What holidays can affect my trading?
• What is Max Drawdown trailing on Highest Balance?
• What does Profit Target mean?
• What is the difference of the Challenges and the Scaling Plan?
• What are Earning Accounts or TTP Earning Accounts?
• Are stop loss and take profit required?
• How do I calculate my Daily Drawdown Limit?
• What does Daily Drawdown mean?
• How can I move to the Scaling Plan after completing my Challenge?
• What is Max Drawdown trailing on Highest Equity?
• What can I see in my Trading Dashboard?
• What are your prohibited trading practices?
• Where is your server located?
• Do you accept clients under 18 years old?
• Why do I have to pay for the Challenges?
• Will there be a monthly subscription fee?
• How does proprietary trading work?
• Do I have to use my own funds to trade with The Trading Pit?
• Do you accept traders from the United States?
• Do you offer free trials?
• When does the Challenge countdown begin?
• Are there any hidden fees?
• What's the process to start earning with The Trading Pit?
• How many accounts can I open in The Trading Pit?
• How can I update my Profile details (name, email, phone number, address)?
• Do you offer trading advice?
• What is your Maximum allocation?
• How do I register with The Trading Pit?
• Can I reset my password?
• What can I do if I forgot my username or password?
• What is The Trading Pit?
• Can I get a refund if I decide I don't want to take the Challenge?
• How long does it take for the processing of my purchase?
• What payment methods are available?
• Can I get a refund after I move to the Earning Phase?
• What happens after I pass Level 10 of the Scaling Plan?
• How can I earn during the Scaling Plan?
• Do you have Terms & Conditions I can read?
• What documents can I send to verify my Proof of Residence?
• Do you accept corporate registrations?
• Do you need KYC verification for taking part in Challenges?
• When do I have to provide my KYC documents?
• What documents can I send to verify my Proof of Identity?
• Can I merge accounts?
• For how long can I trade on my Challenge?
• Which are the restricted countries for your services?
• I made a purchase but did not receive my account or credentials, and I was charged. What should I do?