Tower Hill Trading

  towerhilltrading.com
  towerhilltrading.com
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Tower Hill Trading Reviews

Updated July 10, 2014
Updated July 10, 2014
26 Reviews
4.2
26 Reviews
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Employee Reviews

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  1.  

    Learn what it means to be trader

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Tower Hill Trading as a contractor for more than a year

    Pros

    -No capital contribution. This is huge. It means guys that wouldn't have a chance to try trading because of the monetary cost can give it a shot here.

    -Live trading. You are exposed to markets right away. You start live trading within a month. You WILL learn what it means to trade US cash equities because that's what you'll be doing everyday. You start small, but if you learn to be profitable you can move up in size quickly.

    -Freedom and flexibility. You make every decision on what to to buy and sell and when.

    -Your success is based on your own effort and ultimately in your own hands. Your results are your own.

    -Program and the environment is constantly improving. Communication is improving between traders and also between management and new traders.

    Cons

    You need to know what you are getting into before you start. Don't have false expectations.

    -No capital contribution doesn't mean no risk and no cost. Because there is no base salary, you are putting in effort and emotional stress with no pay until you make it.

    -Quicker exposure to markets means quicker learning but unfortunately it mean quicker losses. Inexperienced traders will lose money when they start. This is reality. The good news it that your initial losses on small size should be insignificant compared to later gains when you are profitable on larger size.

    - Freedom is also the freedom to fail. No one is going to tell you to stop trying your strategy. The burden is on you to figure it out and make money.

    -It can be hard to accept failure, but program is all about giving guys the opportunity to try and that's what they accomplished.

    Positive Outlook
  2.  

    Good place to start

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

    I have been working at Tower Hill Trading part-time for more than a year

    Pros

    Very flexible, you trade on your time after completing training. You do not owe any money.

    Cons

    No base pay. Either you make money or you don't.

    Advice to ManagementAdvice

    Allow the little guys to see what senior traders are trading.

    Recommends
  3. 1 person found this helpful  

    great for remote employment-great for education-great to make some money

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

    I have been working at Tower Hill Trading full-time for less than a year

    Pros

    great conditions and awesome organizational culture as a foundation to either elevate ones trading skills or start new in this field-no risk opportunity with awesome teachers-the real deal if you wanna become a professional trader-condensed principle based education for efficient path to become a trader-quick and easy setup for remote participants with highly professional tech department and awesome execution platform for trading - if you want to become a trader you wanna try this out

    Cons

    i have not experienced anything that I could put under this column

    Recommends
    Positive Outlook
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  5.  

    Fair opportunity

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

    I have been working at Tower Hill Trading full-time for less than a year

    Pros

    Schedule is extremely flexible. The training is free and pretty decent for a 20 hour training course. You don't have to risk your own money, they will put up their money for you to trade and if you do well, they will allow you to manage more.

    Cons

    No pay and you have to buy your own health insurance. All pay is given through commissions.

    Recommends
    Positive Outlook
  6.  

    Do not work here

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

    I worked at Tower Hill Trading full-time for more than a year

    Pros

    If you are an already proven and experienced trader you might flourish. This is not a place to start or gain experience.
    "Free coffee, and Tea"
    Good location

    Cons

    No mentor-ship
    NO SALARY
    No benefits
    Tight leash
    Management is rude
    They hire anyone, no screening process

    Advice to ManagementAdvice

    pay your damn workers

    Don't treat your workers like cash cows. Develop your traders instead of just hoping they have a proven system.

    Doesn't Recommend
    Neutral Outlook
  7. 1 person found this helpful  

    If you are just starting out as a trader, you would like it here

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

    I have been working at Tower Hill Trading full-time for less than a year

    Pros

    I have been with other prop firms that make you get your licence, pay for training, and fund your own account. As trading is hard as it is, it is even harder to do all of these things and support yourself for everyday life. Although, there is no base salary, you do not have to foot the bill for any of the above expences, which can be as high as 9k just to get started. This, was hugh for me. If you are a trade or want to become one, NOT JUST SOME GUY LOOKING FOR A JOB, this will make it easyier for you to become a full time trade.

    Cons

    There is not base pay, and you will need to trade odd lots for a while to with a bp of $2000 before you move up. This makes it longer to start making money.

    Advice to ManagementAdvice

    The ramp up period is a little fluid. Although I get each trader advances differently, it is important to make sure we have a goal to look forward to. At the very least we can just define the teirs.

    Recommends
    Positive Outlook
  8. 1 person found this helpful  

    Love the freedom and opportunity given to me. The sky is the limit

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

    I have been working at Tower Hill Trading full-time for more than a year

    Pros

    Excellent trading software. Traders are free to learn and trade their own style. There is zero cost to you as a new trader. You pay zero commissions and platform fees until you become profitable. There are many 6 figure traders in the office and you are given the opportunity to become one, simple as that. Very little risk to you when you start, so you do not go in the hole a ton of money. Once you start improving its easy to make a comeback in your profit and loss

    Cons

    There really are no cons. You make no money for 1-2 years minimum but that isnt a con because you already should expect that. DO NOT come to trade here if you only have a year to earn a paycheck before you have to get a real job, because it will just be a waste of time.

    The shop has an "everybody is on their own" atmosphere and I used to think that was a con. When I started I thought I would just go sit next to a guy who made 500k last year and he would be like "this is how its done young grasshopper" but thats not how its done. If you have zero trading experience you need to get a lot of trades under your belt before you even understand what the pros are doing. Everyone has their own strategy and even if one guy makes money doing one thing, you might not like the strategy.

    Advice to ManagementAdvice

    THT t-shirts and stuff!

    Recommends
    Positive Outlook
  9.  

    Amazing opportunity to develop a career as a Trader

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

    I worked at Tower Hill Trading full-time for less than a year

    Pros

    Management is helpful and provide traders with an excellent software that allow you to learn to read the market. Great place to work, beautiful building and office in the financial district of Chicago. Professional traders manage a very interest proprietary account but if you are new, you have the chance to start trading with less money till you show consistency and become profitable too. You pay zero commissions and platform fees After a while, you will gain more confidence and discover an amazing world full of opportunities.

    Cons

    There are really no cons. You just need to know you do not become a profitable trader overnight, so, while you are on your learning curve, you will not be earning much money. But as it is mentioned, one you gain experience, the sky is your limit.

    Recommends
    Positive Outlook
  10. 1 person found this helpful  

    Great for opportunity for those who are willing to put in the effort.

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

    I have been working at Tower Hill Trading full-time for more than a year

    Pros

    They set you up with everything you need to succeed. The people who write that there is no guidance or adequate training are saying that because they have no idea how to trade. They want hand holding and a blueprint for trading; there is no manual because trading is a skill. You can't read a manual to teach you how to shoot a basketball, you have to practice. People try to make this too complicated. Most people who fail here do so because they can't get out of their own way and follow the most basic rules (i.e. get out of losing positions fast) because they think they are the next trading genius. If you are willing to check your ego and be disciplined, there is no reason you can't succeed here.

    Cons

    Communication among traders could be better, but that's more on the traders than the firm.

    Recommends
    Positive Outlook
  11.  

    Tower Hill is a very fair opportunity to start a trading career out of college without prior trading experience.

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

    I have been working at Tower Hill Trading full-time for more than a year

    Pros

    A friendly environment with top of the line equipment and technology.
    There is a lot of freedom, so you can trade with your own style and are not being formed into a trader that they want you to become.
    They accept a lot of applicants and give many new traders a chance that might not get a chance at other firms.
    You get exactly what you expect from the initial informative meeting prior to starting at the firm.

    Cons

    They set it up where the risk for the company is small and it takes a while to get to full size, but there is a huge opportunity for a trader who is willing to put in the time and effort needed to become consistently profitable.
    The training program is kind of short and a lot of the learning process is done on your own, but I feel that the most important characteristic of a great trader is the ability to learn on your own and think for yourself, rather than copying someone's style.

    Recommends
    Positive Outlook

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