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Any part-time quants trade with Bright Trading?
- Thread starter shmohawk
- Start date
Last I heard was that the old geesers are dead and all desciples now work at either car dealerships or at funeral parlors...they earned big bonus bucks during covid dumping bodies at the Jersey shore.
Also wondering if Bright is still going strong. I, like many, heard of it through Ernie Chan's book.
Give them a call, let us know what you find out. I don't need prop capital anymore but I'm curious if they ever reduced their crazy high fees.
Give them a call, let us know what you find out. I don't need prop capital anymore but I'm curious if they ever reduced their crazy high fees.
I'm going to do that and some other investigation today. I'll report back later. Did you ever get prop capital?
No, I ended up just growing my account organically. I was close to signing up with a few of them back in 2014, including some that I later heard went bust.I'm going to do that and some other investigation today. I'll report back later. Did you ever get prop capital?
I did go as far as opening an account with Global Prime Trader but never ended up funding it because their software was not up to my expectations. Just checked and I can't even find their website anymore... so might have dodged a bullet with that one too.
Give them a call, let us know what you find out. I don't need prop capital anymore but I'm curious if they ever reduced their crazy high fees.
Just talked to them. It's about 6k/year in fees, 'recommended' 1 yr deposit of 50k, and 2k to compliance department to start the process of sponsoring the SIE exam. 80/20 profit split on each withdrawal and 30x leverage.
Remind us, what exactly are you gaining in exchange for forking over all that money?
Just talked to them. It's about 6k/year in fees, 'recommended' 1 yr deposit of 50k, and 2k to compliance department to start the process of sponsoring the SIE exam. 80/20 profit split on each withdrawal and 30x leverage.
Sounds pretty different than when I inquired in ~2014. IIRC it was 99% payout, but high commissions and margin interest.Just talked to them. It's about 6k/year in fees, 'recommended' 1 yr deposit of 50k, and 2k to compliance department to start the process of sponsoring the SIE exam. 80/20 profit split on each withdrawal and 30x leverage.
For 80/20 and 6k desk, what kind of fees and interest did they quote you?
Sounds pretty different than when I inquired in ~2014. IIRC it was 99% payout, but high commissions and margin interest.
For 80/20 and 6k desk, what kind of fees and interest did they quote you?
Don't remember at this point, wasn't interested enough to write anything down.