Bright Trading

  www.stocktrading.com
  www.stocktrading.com

Bright Trading Reviews

Updated August 6, 2014
Updated August 6, 2014
11 Reviews
3.1
11 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Rob Friesen
4 Ratings

Employee Reviews

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  1.  

    Excellent Trading Firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Trader in Las Vegas, NV
    Current Employee - Trader in Las Vegas, NV

    I have been working at Bright Trading full-time (more than 5 years)

    Pros

    Bright Trading has been an excellent firm to work with. They have access to significant capital and don't have a problem with their traders using it in a rational, low-risk manner. If traders have a particular strategy they would like to implement, management will work with them to ensure that the risk is appropriate. They provide lots of educational opportunities to help traders grow in their trading careers.

    Cons

    It would be nice if other instruments were available for trading, such as options and futures. It would also be nice to have readier access to some additional technologies.

    Advice to ManagementAdvice

    Have more locations around the country

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    You will probably leave disappointed :(

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Prop Trader in Las Vegas, NV
    Former Employee - Prop Trader in Las Vegas, NV

    I worked at Bright Trading full-time (less than an year)

    Pros

    Access to capital well beyond your own. At least 10 times what you put up. Your capital is exposed first -which is typical.

    Cons

    Office culture not as described. More secretive than it should be. New people left to fend for themselves. Supposedly advanced trading techniques are actually dated. Extra training costs you more $

    Advice to ManagementAdvice

    Be more upfront as to how much hands on training you will actually be giving new traders as opposed to leaving them in a room to trade all day and then seeing who won and who lost. Let us see real time what YOU are trading -that is if we are all on the same team.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Tough to make a living

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bright Trading (more than 3 years)

    Pros

    Work when you want to, freedom to try out your own strategies, some good people to work with

    Cons

    No salary, have to pay for training and the training is not very good. Need to come up with your own trading ideas to work here

    Advice to ManagementAdvice

    Get better training programs.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Good training. Pricey commissions. Questionable mentoring.

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Trader in Las Vegas, NV
    Former Employee - Trader in Las Vegas, NV

    I worked at Bright Trading full-time (more than an year)

    Pros

    Community - even for remote traders.

    Cons

    Expensive commissions. Mentoring is pretty useless.

    Advice to ManagementAdvice

    Provide more specific feedback in mentoring.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 2 people found this helpful  

    not everything I'd hoped for in terms of support / guidance.

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

    I worked at Bright Trading full-time (more than an year)

    Pros

    opportunity is there but odds aren't good. There is still money that can be made but how to get there is left up to you except for very general guidance

    Cons

    costs on the high side. you would be better off going elsewhere. instruction is way overpriced for what you get. living off past succeses.

    Advice to ManagementAdvice

    update teaching for today's markets and give more hands on support -let us know what you are doing trade wise

    Doesn't Recommend
  7.  

    Stay away

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bright Trading

    Pros

    They give you a decent amount of capital intra day to trade

    Cons

    stay away. the lie and make many operational mistakes and will promise to fix them but never do. The accounting dept sucks. They will also hit you with fees they will never tell you about. You will wake up one morning to trade and see your account is missing large amounts of money and when you try to find out what the problem is thay will play dumb.

    Advice to ManagementAdvice

    Get some integrity

    Doesn't Recommend
  8.  

    Bright Trading will allow you to operate a proprietary trading business

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Trader in Las Vegas, NV
    Current Employee - Trader in Las Vegas, NV

    I have been working at Bright Trading

    Pros

    They give their traders better leverage (buying power) than anyone else I know. Additionally, if management believes in your trading idea, they are open to you trading the idea with their capital.

    Cons

    Higher than average commission costs. Brights business model is not ideal for traders who are trigger happy day traders. If you aren't using their leverage, there are lower cost options out there.

    Advice to ManagementAdvice

    Bright offers training but too many traders believe that profitability is a paint-by-numbers process. I felt the 3 day class was a good introduction to the basics but the extended boot camp was not worth it.

  9. 1 person found this helpful  

    No guarantee of success, no salary.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Bright Trading

    Pros

    You can make a lot of money if you get something going. They teach you many strategies that can work if you have the discipline and psychological ability to implement it.

    Cons

    There's no guarantee of success as in any trading business. The costs if you don't success are expensive. Considering the investment of your time and energy and the potential loss of your capital, I would do this only if you are willing to dedicate your life to it.

    Advice to ManagementAdvice

    Cut the rent and penalization you impose on traders for not trading enough. That's why you are losing so many traders.

    Doesn't Recommend
  10.  

    A professional enviromnent to develop trading skills and strategies.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Prop Trader in Las Vegas, NV
    Current Employee - Prop Trader in Las Vegas, NV

    I have been working at Bright Trading

    Pros

    Access to other professional traders. Key in developing strategies for a successful trader, access to experienced traders and trading platforms, news services.

    Cons

    In any daytrading job, the greatest risk is loss of capital, your own, which in most cases, results in a high failure rate.

    Advice to ManagementAdvice

    Making sure accessability to experienced traders key in greater success rate of new traders, which Bright Trading is aware of.

    Recommends
  11.  

    As a Prop Firm they are great

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bright Trading

    Pros

    Provide you with plenty of leverage and freedom to do what you want. Can test your own ideas and managers are very approachable.

    Cons

    Need to know its a prop firm so your salary is what you make.

    Recommends
    Approves of CEO

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