Bright Trading Reviews

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 Senior Management

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.

Pros

Real People doing actual trading.

Cons

A huge disadvantage of this firm is that they don't promise what they deliver. They are deceptive. They are insincere. When you first sign up, it seems that they are going to be there to provide guidance and support and then nothing happens. They take 20% of any profits, have huge monthly fees and for this, they should provide more.

Advice to Senior Management

Be professional and deliver what you promise.

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 Senior Management

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

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 Senior Management

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