First New York Securities

CEO quit

the ceo quit and there are rumors the firm is not doing too well. If you can get a paid gig there, go for it but I would think twice before investing with them given the circumstances.

Trust Score

6.5

User’s Review Ratings

Overall

solid reputation

You train to be more of a research assistant/trader's bitch, but they are pretty selective. They do pay a base salary for SOME POSITIONS, which is more of an analyst type position than an actual trader.

If you are willing to take risk to be independent and earn your income on your own, first NY is not the place to go. You'd be better off going with Broad St, CY Group, Capital Traders Group, or somewhere similar that offers free training.

If you need the security of a base salary, First New York is a great firm to start at.

I'll give a quick disclaimer. I interviewed here but I was looking for rates and BP for a new account, not for a job.

Trust Score

5.1

User’s Review Ratings

Overall

Reputable

They have the best reputation of any prop firm. If you have no experience, their training program takes about 2 years, and they pay you a pretty good salary. It could be frustating not being able to trade for that long, but they are making an investment in you instead of just encouraging you to churn your account like most prop firms.

Trust Score

4.6

User’s Review Ratings

Overall

ultra high quality prop firm

There is a reason this firm only accepts top-10 business school graduates and similarly qualified people. I have heard their program is top-tier and worth the long application process. Definitely a firm to consider strongly if you have the credentials to apply.

Trust Score

10

User’s Review Ratings

Overall