Swift Trade Reviews

Updated May 15, 2014
Updated May 15, 2014
7 Reviews

3.4
7 Reviews
Rating Trends

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Peter Beck
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Employee Reviews

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  1.  

    Very great experience and learning process about the stock markets.

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

    I worked at Swift Trade

    Pros

    Great office atmosphere
    Hands-on learning
    Great pay if successful

    Cons

    Training is not paid for
    Not enough support for the number of offices

    Doesn't Recommend
  2.  

    Equity Trader

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Equity Trader  in  Mississauga, ON (Canada)
    Former Employee - Equity Trader in Mississauga, ON (Canada)

    I worked at Swift Trade full-time for less than a year

    Pros

    Each day was different
    Trading was fast during morning and evening hours. During lunch time it was sometimes difficult to make trades
    It was a great learning experience for me as I just completed my Bachelor Degree in Finance

    Cons

    it was all commission and so it was difficult for a new trader like me to start making money at the start

    Advice to ManagementAdvice

    give a base pay

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Fair

    Former Employee - Trader  in  Toronto, ON (Canada)
    Former Employee - Trader in Toronto, ON (Canada)

    I worked at Swift Trade full-time for more than 5 years

    Pros

    Relaxing and friendly environment where I can meet and work with fellow traders. The risk management system keeps the trader disciplined.

    Cons

    Relatively low payout rate, not state of the art execution system. It is commission based. The training program is not too useful. The rate of becoming a successful day trader is fairly low.

    Recommends
    Neutral Outlook
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  5.  

    Great learning experience for those who want to trade

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

    I worked at Swift Trade

    Pros

    If you want to learn about the markets and day trading

    Cons

    Compensation is purely commission based-but it makes sense.

    Recommends
  6.  

    ok

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

    I have been working at Swift Trade

    Pros

    if u really want to learn, there will be someone to talk to. but it is hard to maintain a long term sucess

    Cons

    timing is everything, and it is very hard to be long term sucessful. the stop loss system sometimes can be a pain

  7.  

    Overall its a great company to begin your career with as long as you are aware of the pros and cons

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Trader (HQ)  in  Toronto, ON (Canada)
    Former Employee - Trader (HQ) in Toronto, ON (Canada)

    I worked at Swift Trade

    Pros

    Zero Capital Required
    Losses are covered by Swift-trade
    Relaxed Atmosphere
    Good Setup to learn and make losses (and learn from those mistakes of course)

    Cons

    Not-so-great Training
    Business Model is for the most part set to help the company more than the trader
    Not-so-great Reviews and Feedback from the Management
    Not as lucrative for a seasoned trader

    Advice to ManagementAdvice

    Instead of bringing in candidates that will result in a higher attrition and a not-so-serious about the business attitude, you should get people who will add towards the culture of the company and profession rather than be a turn-off for everyone else. Over and above that dont you think feedback from successful traders would be better than having a crew of failed traders to train and monitor the current traders?

  8.  

    Avoid this place

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

    I worked at Swift Trade

    Pros

    To learn how to trade stock using direct access. Compare to many day trading firms, this firm pays commission to its contract workers on time and has been in business for more than a few years. All other day trading firms are unreliable and can go out of business anytime.

    Cons

    Once you know the mechanics of trading, go elsewhere. The company has no whatsoever to offer to its so called contract workers. Just learn as much as you can and quit for your own good. If you want to know anything about its company management and its ethics, just google it.

    Advice to ManagementAdvice

    Judging by the many closures of its many Canadian operations/ franchise, my point of view can be justified.

    Doesn't Recommend

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