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Tower Hill Trading

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Tower Hill Trading Reviews

Updated Jun 27, 2017

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Found 43 of over 54 reviews
3.6
72% Recommend to a Friend

Found 43 of over 54 reviews

3.6
72%
Recommend to a Friend

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What’s the best way to have a lack of compensation and incentive conversation in your department? I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. I thought my 5 year was going to finally show something but it did not. I’ve inquired about pay but it’s gotten nowhere.

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Top Review Highlights by Sentiment

Pros
    There are no pros to display at this time.
Cons
  • "No salary but it's fair to me.(in 7 reviews)
  • "Management is horrid, unprofessional, and fuled by greed.(in 5 reviews)
  • "Inexperienced traders will lose money when they start.(in 4 reviews)
  • "Initial basic training is provided initially, however, new traders would certainly benefit from ongoing training seminars conducted by those who have succeeded in trading.(in 3 reviews)
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
  1. 5.0
    Current Employee, more than 1 year

    Every Chance To Succeed

    May 31, 2015 - Trader in Chicago, IL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    They give you a chance to prove yourself and make money as a day trader in the stock market. If you don't have money to trade; this is a path to develop and succeed as a trader. Or to at least gain more experience and understanding in trading. For me, working at Tower Hill Trading, has proved a means to make a career in a very difficult career. They have proved me a chance to develop and grow as a trader. Developing as a trader takes hours. They will work with you.

    Cons

    You start with very tight risk parameters until you prove yourself. After which, your risk manager will double your risk exposure & capital to trade. It takes a while to get to a point to where you can make a living, but possibility to make a lot of money is there.

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    1 person found this review helpful
  2. 4.0
    Former Employee, more than 1 year

    Great Overall Experience

    Jun 27, 2017 - Equity Trader in Canal Winchester, OH
    Recommend
    CEO Approval
    Business Outlook

    Pros

    -You are free to trade any style/strategy. They start you with 1-5 shares, so it is an experimenting period as you progress to bigger size. -Access to Takion. -Work remotely or from office. This was a great experience. I have learned so much in the screen time I had here. Although I never became profitable, I would have never lasted the amount of time to learn the markets if I opened a retail account.

    Cons

    -Very limited training, but possibly a good thing because you need to find your own way in the end. -No mentoring.

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  4. 1.0
    Former Employee, more than 1 year

    Trader

    Jan 25, 2017 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    They give you a lot of freedom to work from home and learn how to trade equities.

    Cons

    The back office is terrible. They were consistently late with the bumps of buying power after you completed their criteria. There is no draw, which makes the late bumps even more painful. Waited almost 4 weeks to get an increase in buying power after I fulfilled the requirements. They treat you like a number. Got to the 120k level and was let go after one bad day trading size. Some of the criteria to get bumped is ridiculous. If you have a losing day $1.00 over your best winning, automatically you get to wait another week. 4 winning days making $100 each day, and one losing day at $101, sorry you are screwed. They force you to wait for another cycle. That along with the slow nature and lack of competence by the back office is disheartening. They also offer no real training. Their business model is totally outdated compared to every other firm.

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  5. 2.0
    Former Employee, more than 1 year

    Learn what you can and move on quickly

    Nov 4, 2016 - Proprietary Trader 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Easy entry into trading stocks, no significant overhead costs, great trading platform, very low trading fees compared to a typical online broker like E-trade, possibility to get access to larger buying power

    Cons

    No strategy being taught, start with only $2K buying power, have to work up a very long ladder to get any significant buying power, difficult to meet profit targets within the risk parameters given. Unfortunately, this is not a career opportunity because even if you learn how to trade effectively, you can't get much money to trade with unless you go through a very difficult advancement process that will leave you realizing that unless you take your track record and try to convince another firm, you are wasting your time.

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  6. 4.0
    Former Employee

    If you are good at day trading already its for you

    Oct 13, 2016 -  
    Recommend
    CEO Approval
    Business Outlook

    Pros

    They let you trade whenever and however you want as far as equities.

    Cons

    They only let you trade equities, its pretty much sink or swim there is not much in the form of education.

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  7. 2.0
    Former Employee

    Failed idea

    Oct 17, 2016 -  
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Easy to start, very little barriers to entry, nice downtown office

    Cons

    The people training new hires did not know how to trade, the firm was not making money

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  8. 2.0
    Former Employee

    Prop Trader

    Jul 14, 2015 -  
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Good beginning experience for young traders. Its all there money, so the only thing youre risking is your time.

    Cons

    There is no money to be made for a long time. Plus the industry in itself isnt that profitable.

    2 people found this review helpful
  9. 4.0
    Former Employee, more than 1 year

    Great Company and Opportunity

    May 17, 2015 -  
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Tower Hill Trading is the entry level firm to related firm Great Point Capital. Tower Hill is an equities only trading firm that specializes in US stock markets exclusively. I worked here for about a year. In general it is a great opportunity for those with little to no experience in US stock markets and for experienced traders looking to work remotely or in their Chicago office. The compensation is commission only so no salary is offered but this is the norm in prop trading. My prior trading experience was in trading and managing funds in forex markets for nearly a decade so my review comes from that perspective. The pros are as follows: - No capital contribution and all fees and losses are absorbed by the firm up until a certain point. You trade the firm's capital exclusively. - Clearly defined path to increased buying power based on consistent profitability managing your risk. - Team environment. - No hand holding or micro management. - Great commission structure.

    Cons

    - No training other than on their trading platform which is surprisingly brief. - Undefined time horizon for developing traders to reach consistency or profitability.

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  10. 5.0
    Current Employee

    Great place to start

    Apr 25, 2015 - Prop Trader 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    A lot of freedom to learn the way to trade that fits your personality and a good community of traders to ask questions to.

    Cons

    A lot of freedom brings little direction. Gotta work out your strategy the hard way.

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  11. 5.0
    Current Employee

    Working at THT

    Feb 25, 2015 - Proprietary Trader in Chicago, IL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great management team, flexible work environment, emphasis on becoming a better trader

    Cons

    commute can be long if you don't live in chicago

    Continue reading
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Viewing 1 - 10 of 43 Reviews
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Tower Hill Trading Reviews FAQs

Tower Hill Trading has an overall rating of 3.6 out of 5, based on over 54 reviews left anonymously by employees. 72% of employees would recommend working at Tower Hill Trading to a friend and 63% have a positive outlook for the business. This rating has been stable over the past 12 months.

According to anonymously submitted Glassdoor reviews, Tower Hill Trading employees rate their compensation and benefits as 2.9 out of 5. Find out more about salaries and benefits at Tower Hill Trading. This rating has been stable over the past 12 months.

72% of Tower Hill Trading employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Tower Hill Trading 4.0 out of 5 for work life balance, 3.5 for culture and values and 3.7 for career opportunities.

According to reviews on Glassdoor, employees commonly mention the pros of working at Tower Hill Trading to be coworkers, management, culture and the cons to be benefits, career development, compensation.

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Glassdoor has 54 Tower Hill Trading reviews submitted anonymously by Tower Hill Trading employees. Read employee reviews and ratings on Glassdoor to decide if Tower Hill Trading is right for you.