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Bright Trading Reviews

12 reviews

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3.2
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
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Rob Friesen
4 Ratings

12 Employee Reviews

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  1. "Excellent Trading Firm"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader in Las Vegas, NV
    Current Employee - Trader in Las Vegas, NV
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

    Have more locations around the country


  2. "Trader"

    StarStarStarStarStar
    Former Employee - Equity Trader
    Former Employee - Equity Trader
    Recommends
    Positive Outlook

    I worked at Bright Trading full-time (More than 8 years)

    Pros

    Freedom to employ your own trading strategies.

    Cons

    No support system to educate traders with algorithmic strategies

    Advice to Management

    Create a better network for traders to share successful strategies.

  3. "Freedom to work how and when you want with no one looking over your shoulder."

    StarStarStarStarStar
    Current Employee - Equity Trader in Chicago, IL
    Current Employee - Equity Trader in Chicago, IL

    Pros

    Pretty much your own boss. Unlimited upside potential with access to more capital to trade then you could probably ever need. Back office is very competent and with Goldman clearing, you have a reputable operation.

    Cons

    There is no base salary and no training unless you pay for it but even then it's very basic. Commissions are a little high.

    Advice to Management

    I wish they kept more offices open instead of turning to the remote at home model.


  4. "You will probably leave disappointed :("

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Prop Trader in Las Vegas, NV
    Former Employee - Prop Trader in Las Vegas, NV
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Bright Trading full-time (Less than a 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 Management

    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.


  5. "Tough to make a living"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

    Get better training programs.


  6. Helpful (1)

    "Good training. Pricey commissions. Questionable mentoring."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Senior Management
    Former Employee - Trader in Las Vegas, NV
    Former Employee - Trader in Las Vegas, NV
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Bright Trading full-time (More than a year)

    Pros

    Community - even for remote traders.

    Cons

    Expensive commissions. Mentoring is pretty useless.

    Advice to Management

    Provide more specific feedback in mentoring.


  7. Helpful (2)

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

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in Las Vegas, NV
    Former Employee - Trader in Las Vegas, NV
    Doesn't Recommend

    I worked at Bright Trading full-time (More than a 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 Management

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

  8. "Stay away"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    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 Management

    Get some integrity


  9. "Bright Trading will allow you to operate a proprietary trading business"

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

    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 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.


  10. Helpful (2)

    "No guarantee of success, no salary."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend

    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 Management

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


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