Trading with borrowed capital
Trade with millions without high equity.
Entry fee starts at $99
For efficient trading with low
latency times and minimal costs.
Certification
Complete your challenges
to obtain a dealer certification
received.
5 MILLION DOLLARS
SCALING PLAN
Trade in shares, futures,
commodities and foreign exchange.
How to get started in prop trading
Start your prop trading career with little start-up capital and the potential to move millions. Sign up for TTP, master challenges for merchant certification and scale your success with the 5 million dollar plan. Discover how!
01
The trader pays an entry fee for registration
This means that the prospective trader pays a fee to register with a prop trading company and get the opportunity to participate in their trading program. This entry fee can vary depending on the company and is often used to cover administrative costs.
02
The trader goes through the initial valuation phase
After registration, the trader must go through an initial verification or evaluation phase. During this phase, his ability to trade in the financial markets is assessed. This may include reviewing his trading strategies and skills and understanding market mechanisms.
03
The trader passes the challenge
In this phase, the trader must successfully overcome certain goals or challenges in order to prove his skills and trading performance. The exact requirements may vary from company to company, but may include, for example, achieving profit targets or limiting losses.
04
The trader receives a live account with the company’s capital to go through a scaling plan
Upon successful completion of the evaluation phase and the challenge, the trader is given the opportunity to open a live trading account. This account is often funded with capital from the prop trading company to support the trader’s trading activities. The trader can then go through a scaling plan to gradually increase his trading capital.
05
If successful, the trader receives a portion of the realized profits and can move on to the next stage
If the trader trades successfully and achieves the targets in the scaling plan, he receives a share of the profits he has made. This percentage may vary depending on the agreement. In addition, after completing a level, the trader can advance to the next level and expand his trading opportunities.
The Trading Pit as an example
Proprietary trading is the practice whereby a company allows a third party, known as a prop trader, to trade with its capital. This enables the company to gain more from profitable trades than just the commission for processing customer transactions. In addition, the trader receives a considerable share of the profits if he concludes successful transactions.
Prop trading usually focuses on various financial instruments such as shares, foreign exchange, futures, commodities and others.
This type of trading company offers numerous advantages to people all over the world who want to trade with minimal risk. Registration only requires an entry fee. Most prop trading firms require expertise to ensure that traders can operate successfully. After an assessment of the trader’s skills and trading style, the trader receives a live trading account and can gradually make profits. This incentive enables traders to compete with the market’s elite and advance their careers.
A notable example in the prop trading industry is “The Trading Pit”. The company recently received growth financing of 10 million dollars and is enjoying great popularity. It allows traders to demonstrate their skills through valuation plans and offers substantial profit sharing for successful trades.
You can find out more about TTP’s futures and forex challenges on their website.
The Trading Pit has also developed scaling plans to help traders reach milestones, minimize their risk and make profits more frequently as they scale up. An important advantage of TTP is that traders receive their payouts immediately, with no minimum or maximum trading days. As they progress, they gain larger live trading accounts and therefore the potential to earn more.
The Trading Pit not only promotes trading, but also the personal development of traders. Their goal is to make retailers their best version. A successful trader can even meet the requirements for an official asset management license and become a fund manager.
The basic steps of how TTP works are as follows:
- The trader pays an entry fee for registration.
- The trader goes through the initial valuation phase.
- The trader passes the challenge.
- The trader receives a live account with the company’s capital to go through a scaling plan.
- If successful, the trader receives a portion of the realized profits and can move on to the next stage.
- Once a trader has reached the maximum level, he can apply for an official asset management license.
Traders who trade with TTP receive comprehensive support, including access to state-of-the-art tools and training from experienced traders.
Prop trading offers an attractive career option for traders as they can utilize the company’s capital and resources to increase their success. One of the main advantages is that traders can use different trading strategies, from scalping and day trading to swing trading and fundamental analysis. This enables them to work from anywhere and flexibly shape their trading career. The Trading Pit offers talented traders the opportunity to trade large amounts with a low entry fee.
Frequently Asked Questions
What is proprietary trading?
Proprietary trading is the practice whereby a company allows a third party, known as a prop trader, to trade with its capital. This enables the company to gain more from profitable trades than just the commission for processing customer transactions. In addition, the trader receives a considerable share of the profits if he concludes successful transactions.
