A lose money position (Former Employee) – Seattle, WA – January 23, 2017
After speaking with the recruiter I decided not to go through with the hiring process. They said that I have to fund my own account and pay an expensive price for a vigorous day trading training program. The recruiters push you to spend money on their job resources otherwise you won't advance. This really isn't even a career it's not even a job either. They're an expensive stock brokerage in disguise and they just want to suck money out of you.
Trader (Former Employee) – New York, NY – June 22, 2016
The fees will eat into your PnL. There is no compensation. Whatever you make is what you take minus the firms cut. Monthly trading fees. You pay for all the exams. This place is a sweat shop. High turnover.
The other 5 star reviews are obviously fake. Look at the down votes.
Advice for company: need to firm up on the hiring process and not hire anyone that applies. Play a base salary for those starting out in the first year.