FF Podcast Ep.26: The Trading Pit’s Daniela Egli sheds light on FX Prop Trading

Rick Steves

FinanceFeeds is thrilled to announce the release of the 26th episode of our podcast, featuring a special guest, Daniela Egli. Egli is the CEO of the Cyprus-based operation of The Trading Pit, a leading prop trading firm making significant strides in the FX trading industry.

Daniela Egli FinanceFeeds podcasts

Daniela Egli, with her extensive background in Business Management, Executive Management, and Compliance, brings a wealth of experience to The Trading Pit. Her career spans over a decade in roles including the COO position at Skilling, Managing Director at Fxview, and key positions at Blackwell Global and MeritKapital.

As a CySEC-certified AML expert and CISI-certified specialist in risk, Egli’s insights are invaluable for understanding the rapidly evolving prop trading sector and the strides being made by women in the financial sector.

Listen on your favorite audio streaming portal or our YouTube channel.

The Trading Pit offers a multi-asset approach

Daniela Egli delves deep into the unique offerings of The Trading Pit, a prop trading firm making waves in the industry. She highlights the firm’s diverse trading options, including CFDs, futures, and upcoming stock trading, noting their commitment to scalability and trader-focused growth. “We are a multi-asset prop firm… We listen to our traders’ feedback, we improve our products based on their feedback.”

This diversity caters to the varied interests of traders, allowing them to explore different market segments. TTP’s commitment to scalability and trader-centric growth is evident in its attractive product offerings and responsive approach to trader feedback.

The Trading Pit, having registered about 40,000 traders predominantly in Europe, is rapidly expanding its global reach, particularly in emerging markets. Egli shares her vision of providing a transparent and efficient trading environment, enabling traders to hone their skills and reach their full potential.

Listen on your favorite audio streaming portal or our YouTube channel.

The firm’s model is innovative, offering traders up to 80% of profits with a maximum drawdown set at 10 percent of the virtual capital, ensuring a balanced approach to risk management. Unlike traditional retail trading, The Trading Pit allows traders to operate on set risk parameters, providing simulated accounts and virtual capital to traders in order to ensure skillful traders can advance and potentially make profits.

Known for its disruptive approach in the prop trading industry,

How to choose a prop trading firm

For prop traders seeking the right firm, Daniela provided a comprehensive checklist. The reputation and reviews of a firm are crucial, providing insight into its track record and reliability.

She advised caution against firms with misleading information or non-transparent support. Real Success stories and legitimate payouts are indicators of a firm’s commitment to its traders’ growth. Equally important is the alignment of a firm’s risk management practices with a trader’s strategy, ensuring that the trading environment complements their approach.

Listen on your favorite audio streaming portal or our YouTube channel.

Additionally, Egli highlighted the importance of a firm’s ability to cater to diverse trading preferences. She emphasized that a prop trading firm should have the capability to address various user needs, whether it be stock trading, high-frequency trading, or other specific strategies. This adaptability and range of options ensure that traders can engage in activities that align with their expertise and interests, offering a more tailored and effective trading experience.

Egli also suggested that traders examine the success stories and payout proofs from a firm. This can provide insights into the firm’s legitimacy and its commitment to trader success.

By considering these factors, traders can make a more informed decision when selecting a prop trading firm that not only has a solid reputation and aligns with their risk strategies but also caters to their specific trading needs and preferences.

Price vs Value

In the podcast, Daniela Egli touched on an important aspect of the prop trading industry: the competition between firms based on price versus value. She expressed the viewpoint that while many firms in the prop trading sector currently compete primarily on price, this approach has its limits. Egli suggested that a race to the bottom in pricing is not sustainable, as it leads to a scenario where there’s little to no profitability.

Egli predicts that in the long run, the firms that will succeed and endure are those that compete based on the value they provide to traders. This includes aspects like the quality of service, the range of trading options offered, the firm’s infrastructure, and the overall trading experience. She anticipates that around 20 to 30 major firms will survive in the industry, predominantly those that focus on delivering value and fostering long-term relationships with traders.

Listen on your favorite audio streaming portal or our YouTube channel.

This shift from price competition to value-driven offerings, according to Egli, will be a key factor in the consolidation of the prop trading industry, particularly as it matures and potentially faces more regulatory attention. Her insights indicate a future where the emphasis will be more on comprehensive service quality and the overall value proposition to traders, rather than just competing on the cost of services.

Women in the financial industry

Egli opened up about her personal journey, noting that often, the most significant barriers she faced in her ascent were self-imposed. She highlighted the importance of personal development and the need to confront and overcome limiting beliefs to progress in one’s career.

Egli stressed the value of mentorship and continuous learning, particularly for women aspiring to leadership roles. She advised seeking mentors and consistently acquiring new skills and knowledge, underscoring the power of knowledge in career advancement. According to Egli, understanding the business in-depth, using data for objective decision-making, and getting involved in various business areas are crucial for those aiming for senior positions.

Listen on your favorite audio streaming portal or our YouTube channel.

Reflecting on the broader landscape, Egli noted a positive shift over the past decade in opportunities available to women in fintech. This change, she believes, is a result of evolving societal attitudes and an increase in women’s participation in the workforce. For women targeting executive roles, Egli’s advice centers on the importance of emotional intelligence, including managing emotions, focusing on solutions and maintaining resilience under stress. This approach, she suggests, is key to handling the responsibilities and challenges that come with high-level positions.

This episode of the FinanceFeeds Podcast is a must-listen for anyone interested in the future of the FX trading and prop trading industries. Daniela Egli’s insights provide a glimpse into the dynamic world of prop trading and the evolving role of prop firms in shaping the industry.

Listen on your favorite audio streaming portal or our YouTube channel.

Tune in to FinanceFeeds Podcast Episode 26 to hear the full conversation with Daniela Egli and gain a deeper understanding of the prop trading landscape.

Sponsorship opportunities on FinanceFeeds Podcast

FinanceFeeds is the world’s premier online news publication for the global online trading industry. Our podcast series opens up new sponsorship opportunities for companies looking to tap into our niche audience. For more information, please email us at [email protected].

  • Read this next

    Digital Assets

    Bitcoin nears $62,000, sparking retail buying frenzy

    Bitcoin dashed past the $61,000 barrier on Wednesday, a peak it hadn’t touched since the waning days of November 2021.

    Market News

    OPEC+ Extension of Oil Output Cut Causes Rally

    The dynamics surrounding crude oil are indeed fascinating, given its unique role as both a globally traded commodity and a vital energy source deeply influenced by the OPEC+ alliance’s decisions.

    Institutional FX

    DKK reports 226% growth in 2023 with eyes on African expansion

    “Our numbers are beginning to show how we are powering, the growth required by emerging markets, and we plan for the success of our strategies to continue to thrive in 2024.”

    Industry News

    ‘WTF’ as in ‘What The Fraud?’, Sumsub’s new podcast on digital fraud

    “We found a lack of informative podcasts talking about digital fraud threats and prevention for business owners. So, we decided to dive in and share our expertise along with industry top minds in the ‘What The Fraud?’ podcast.”

    Digital Assets

    Coin Metrics integrates market data from Cboe Digital

    “We are pleased to work with Coin Metrics and believe that having quality and timely data, and systems to analyze that data, will help crypto markets mature as well as evolve to become a core component of a diversified investment portfolio. We are focused on providing access and solutions to the spot and derivatives crypto market in a way which mirrors an investor’s experience with traditional markets.”


    AU10TIX launches KYB solution to address regulatory requirements

    “Our customers have been requesting a comprehensive KYB solution, because money laundering and fraud have become far too prevalent in the corporate world. Our unified KYB/KYC solution is essential for identifying bad actors and maintaining a safe business environment in 2024.”

    Digital Assets

    Japan Is Rapidly Emerging As A Global Leader In Compliant Crypto Payments

    Japan is often hailed as one of the most forward-thinking nations in the crypto industry, with its government taking a very positive stance on the potential of concepts such as Web3. 

    Digital Assets

    Kraken launches institutional arm

    “If you already work with Kraken, you know how much we care about offering high quality products and a client-first experience. We’ve been the leading crypto exchange for more than a decade and through Kraken Institutional, we’ll offer the same deep expertise and cutting-edge technology to propel trading excellence for institutions.”


    Centroid integrates with brokerage solutions provider GTN

    “We are thrilled to integrate GTN into Centroid Bridge, our multi-asset connectivity bridging engine. This integration allows our clients to gain access to the wide range of multi-asset products offered by GTN.”