I traded at Bright and have found this firm to be the fairest of them all out there. Only a couple of complaints/suggestions.
1. Desk fees kill new traders accounts. Unless you have 50-100k so that these fees dont eat at you little by little, dont do it.
They should find a way to pay for this in other ways. Maybe payout 98% or 99% and keep the rest for desk fees.
BTW, desk fees= rent plus scan software.
They dont keep money and there is no minimum months for desk fee as I saw posted.
2. No training provided. The $1000 fee that you pay to learn in Vegas, not including airfare and hotel, is too much to learn basic trading skills. They need an office manager to help you through trading as they sit next to new traders. Experienced traders may do well here though, I do think RediPlus isnt the best software out there. They should change it. Why keep it? Just b/c its Spear Leeds Kellog software. Not worth it.
If they didnt have desk fees and charged less for bullets maybe paid out less to cover desk fees and had good in-office training. I may still be there.
But as far as firm reliability, they are top notch. No snake oil there.
Their offices have less than a handful of traders due to their high deposit minimums ($25k) and desk fees. I am trading now with a firm that has 100+ traders, less capital required, less than 100% payout; BUT no desk fees and some training provided.:eek:
1. Desk fees kill new traders accounts. Unless you have 50-100k so that these fees dont eat at you little by little, dont do it.
They should find a way to pay for this in other ways. Maybe payout 98% or 99% and keep the rest for desk fees.
BTW, desk fees= rent plus scan software.
They dont keep money and there is no minimum months for desk fee as I saw posted.
2. No training provided. The $1000 fee that you pay to learn in Vegas, not including airfare and hotel, is too much to learn basic trading skills. They need an office manager to help you through trading as they sit next to new traders. Experienced traders may do well here though, I do think RediPlus isnt the best software out there. They should change it. Why keep it? Just b/c its Spear Leeds Kellog software. Not worth it.
If they didnt have desk fees and charged less for bullets maybe paid out less to cover desk fees and had good in-office training. I may still be there.
But as far as firm reliability, they are top notch. No snake oil there.
Their offices have less than a handful of traders due to their high deposit minimums ($25k) and desk fees. I am trading now with a firm that has 100+ traders, less capital required, less than 100% payout; BUT no desk fees and some training provided.:eek:
