Bright Trading Reviews

Pros

They were always great with ensuring I had everything I needed. Response times were quick with any questions or issues that arose. I had more than enough leverage to trade. As others have mentioned, the freedom existed to trade my own strategies.

Cons

As a remote trader, there are often times were you feel a disconnect. While consent communication via morning calls and e-mails does exist, it's not the same as engaging face - to - face with someone.

Pros

Provide you with plenty of leverage and freedom to do what you want. Can test your own ideas and managers are very approachable.

Cons

Need to know its a prop firm so your salary is what you make.

Pros

Very little positive to say. This a firm that makes commissions, and also takes a 20% cut if you do well.

Cons

See Above. I would avoid this as a productive career choice.

Pros

Access to capital. You can get leveraged 10-20 times

Cons

Good ol Vegas boys taking you for a ride. YOU are their business model, risky behavior encouraged (despite initial speeches about the importance of risk management) because you’re paying commissions, which overtime will significantly eat out of your return. (I.e make Bright tons of money) Most, and by that I mean at least 9 out of 10 new traders won’t make it, but they don’t really care because they can get another cohort of fools whom they can lure with “modern strategies”. If you absolutely know what you’re doing, by that I mean a proven track record with real money and you need leverage- it is for you, otherwise do yourself a favor and buy an index fund.

Pros

Get to do what you love

Cons

must bring intelligence and discipline to the table

Pros

Good leverage, fair rates, plenty of capital to provide traders

Cons

Management mediocre, but good people working there. As with most prop firms you're largely on your own.

Pros

Freedom to employ your own trading strategies.

Cons

No support system to educate traders with algorithmic strategies

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.

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 $

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