Avatar Securities Reviews

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3.7
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5 Employee Reviews

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  1. Helpful (2)

    Equity Trader

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Equity Trader in New York, NY
    Former Employee - Equity Trader in New York, NY

    I worked at Avatar Securities full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Perfect company for being a proprietary trader. Excellent location, office, environment and management team. Senior management team and other traders are willing to help in both your account issues and your trading.

    Cons

    I was trading at Avatar for a few year and I did not find any mayor cons. Management team was extremely helpful at all times. It was a pleasure working there.


  2. Helpful (3)

    Not a real job

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Avatar Securities

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    You are your own boss.

    Cons

    After a year, I realized that if you don't get paid a salary or bonus it's not really a job. Company deceptively starts you at very low amount of capital and extremely tight stops which make it very difficult to generate consistent money. Even if you do, you get hit with a surprisingly large amount of fees that are not fully disclosed upfront.

    Advice to Management

    Business model is flawed for people "working" there. Company gets trading profits and then shuts you down if you put their capital at risk. Prop trading sounds great on paper, but because firms like this use such high leverage, they can only allow the traders to take extremely small losses before closing out positions. Makes it a day trading shop where probability of success is very low. Unfortunately for me and others it holds the allure of a real job, but the best thing to do is to quit and stop wasting your time and focus on finding a real job.


  3. Helpful (1)

    Enjoyed fairly steady amount of capital, contingent upon performance while working at the firm's Chicago office."

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in Chicago, IL
    Former Employee - Trader in Chicago, IL

    I worked at Avatar Securities full-time (More than a year)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Payouts are made as agreed, which is not always the norm in the trading world. Flexibility to work remotely as needed if performance is satisfactory.

    Cons

    Strategy training programs could be better regimented. Increase in capital does not necessarily follow positive performance.


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  5. Finance is tough business to succeed in, but Avatar gives you all the tools to try.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Equity Trader in Chicago, IL
    Current Employee - Equity Trader in Chicago, IL

    I have been working at Avatar Securities

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Freedom. Opportunity. Fair compensation. Quick, top of the line computer equipment / platforms. Friendly work atmosphere. Knowledgeable, helpful staff and managers.

    Cons

    Independent trading is a very tough business to be successful in. Avatar (like all trading companies) can only do so much to help. Their fee structure, while consistent with industry standards, adds up quickly.

    Advice to Management

    Not to much feedback. Management was very honest and open about the difficulties of the business, and made no promises.


  6. Nice office. Competent and helpful support staff.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader
    Current Employee - Trader

    I have been working at Avatar Securities

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Good support. Decent BP and rates.

    Cons

    For experienced traders mostly. No training or trading help. But does have an open environment for ideas sharing.

    Advice to Management

    Keep up the good work.



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