Remote Prop Trading
Anyone know anything about the likes of Bright Trading and other such prop shops?
Bright said I need to pay them $1k up front for "compliance costs" and then fund my own account with $25k minimum.
Don't do it (assuming you are an undergrad)
Also interested
I'm a UG and my career services says any job you have to pay to apply/interview/etc is bullshit. I think it applies here.
It's a chop shop. Basically, they give you some additional capital to work with. The training is crap, and they'll throw you out onto the floor within a week or two. If you make money great, you get to keep a percentage of it after fees (generally fairly high, like 50%+), but if you lose money, you're out pretty quick. Unless you already know how to trade, it's a pretty bad bet
Have you guys heard of Trader's Capital, and their remote training?
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