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Bright Trading

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www.stocktrading.com..
Category: Prop-Firms
Bright Trading is one of the largest Professional, Proprietary Stock Trading Firms in the U.S., with trading rooms Nationwide (and Canada) with hundreds of traders. Formed in 1992 by two long time traders and friends, with the intention of providing the tools and capital necessary for serious traders to succeed. We have an expanding group of Remote Traders with individual managers.
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Displaying 1-8 of 8 Total Reviews
waste of time and money
They don't really provide anything other than execution and leverage. Everything else is a la carte. Redi+ provides cheap charts.

Execution is excellent.

Training is non-existent even if you pay for it. Nothing actionable. The best you'll get is vague strategies or general guidelines. Most is filler. I cannot comment on their mentoring or advanced training.

They don't offer any tools for free. Everything appears to be in beta mode, disorganized, and/or poorly managed. Documentation on the platform is extinct. Third party support for common programs is shaky; although they do support excel based trading which is cool.

Support from goldman and redi is a mixed bag since they separated. One hand doesn't know what the other is doing.

Slowly losing traders because management/support is cheap or overworked or underpaid or aging. Couldn't put my finger on it. The general consensus from traders is that management doesn't care about the traders. They seem more interested in their reputation online than in reality. In other words, a general sense of detachment from support staff and management.

I think one of the main problems when signing up is that you have no idea what is offered through their platform and have to discover it over time. I mean they tell you that esignal works but there is support for other programs through redi and excel. Before I send you money,I want comprehensive details for what I'm able to do on your platform. Not two months down the line. Maybe that's a lot to ask but I stand by my opinion and review.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Great Firm but High Deposit
I contacted them to get more info. They were very helpful and patient. Seems like a really interesting firm. I know they have been around for a long time so I would feel safe with them.

Their minimum is pretty high though compared to others which are around 2500 - 5000.

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not for you if your not an experienced (successful) trader
I wanted to find out what prop trading was all about and also to learn some day trading techniques near the end of 2008 since the overall market was headed only in one direction (down) and volatility was high, so long term trading was basically on hold.

2 years later, looking at my records of how much I spent for training, commissions, platform fees, and how much I learned, I wish I had never heard of them. Bob Bright is a smart guy and successful trader and businessman, but as others have mentioned in reviews, they are looking out for their own interests. Thats not a bad thing since that is the purpose you start a business. But they definitely do not prepare an inexperienced trader for what lies ahead.

Yes, you will learn a few techniques that may work for some people, but they encourage you to increase share size per trade almost immediately.

I was a bit naive when I joined, and I did end up getting an education. They do have some traders who are successful, but I doubt they learned their techniques from Bright.

Commissions are not cheap either, but you can negotiate depending on volume.

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Traderstan Pasadena, California

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Good prop firm, stocks only
You can negotiate a fair deal here and, if you earn it, you can have all the leverage you want.

I haven't traded there in several years but I recently talked to Bob and it doesn't seem like things have changed much.

I wouldn't go here as an amature, but if you know what you are doing, you're licensed, and you need to trade with a lot of leverage, this would be at the top of my list to check out.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
1 of 1 people have found this review helpful.
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Better options
Early in my career as a remote trader, I looked for the help some of the more experienced traders but thought I was a low priority. The ongoing education and support services were ok but I felt more like a check to them and not as a person.

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6 of 6 people have found this review helpful.
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Luke11 Charleston, SC

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The following review is from www.elitetrader.com
Could never recommend them
I traded with them for two years as a remote. They really don't care how you are trading as long as you are churning and generating commissions for them. Sure, it's great to have the funds to trade with, but they make certain one nickel of their money isn't put at risk.

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2 of 2 people have found this review helpful.
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The following review is from www.elitetrader.com
Well managed, solid firm
As a remote trader unfamiliar with NYSE trading, I was introduced to a gamut of strategies through daily interaction with more experienced traders in our team (virtual) meeting room. The software (REDI and Zoe pair trading) is top notch, management is responsive, with ongoing education and support services a clear priority. The initial commissions, however, are high.

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1 of 2 people have found this review helpful.
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The following review is from www.elitetrader.com
everything done for benefit of BRIGHT family first and foremost
everything done for benefit of BRIGHT family first and foremost

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2 of 2 people have found this review helpful.
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Displaying 1-8 of 8 Total Reviews
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