Have you heard of this "Equity Trading Company"?

I

ixus

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I was browsing around some University career webpages and I found this site. They claim to be an equity trading company.

My issue with it is the lack of information and the quality of the web design. This gives me some reservation about it.
Have checked the company profile and the Directors are Irish.

Anyone familiar with this company?
 
As it stands, no CCOVICH, but it is career related.

I'm interested to know are they a reputable company. If they are, I'd make further enquiries about them.

I'm interested in getting into this area in general.
 
Why not contact them and maybe arrange for a visit if you want to check them out?
 
Indeed, I probably will Clubman.

Just thought it would be no harm asking around here considering it's a financial website, so thought someone might have heard of them.

Suppose I'm just a bit skeptical with the quality of the website and having watched "Boiler Room" again lately :)
 
ixus said:
Suppose I'm just a bit skeptical with the quality of the website and having watched "Boiler Room" again lately :)
Click to expand...

I did an interview with this company in March. Like you, I thought they must be dodgy due to their website. I saw Boiler Room recently too, and I thought it would be something like this.

John and Aidan are the owners. It's a new Irish start-up. Basically if you work for them , you're employed as an independant contractor so you don't get a salary or benefits. You trade on the New York Stock Market and only get an income if you make over €2000 profit a month.

Interview was pretty weird as it was scenario based and something I'd never done before.

It's an impressive set-up there, lots of pc's and advanced software.
It'd be an interesting role but there's no gurantee you'll ever get paid. After 3 months if you're still unsuccesful you may be asked to leave.

I was offered a job but turned it down as I got another offer as a trader for a major bank in the IFSC.

Apply for an interview and you can check the place out then
 
I arranged a meeting with these guys a few weeks back also. It's a low cost setup just like the website suggests!

In summary it's a classroom layout in Ringsend with a capacity for about 40 day traders. No fancy fitout & no facilities/parking - just a desk with two screens and keyboard/mouse. Basically the boys teach you how to day trade using their capital.

At the meeting I was advised some day traders in the US make a million a year at this game! However, if you loose your history. If you win they take the first few grand to cover overheads & training. After that you get something like 30% to 50% share of profits depending on profits made.

Wall Street, Equities, etc. Sounds cool, but frankly not one for anybody in a steady job in my opinion. No salary/benefits/guarantees - it's all about being in the ZONE!. It sounds a little like being back in school to me and you probably need permission to go to the bog!

Business hours are 2pm to 9pm five days a week, so at least you won't hit rush hour traffic, but then where do you park?, if you can afford a car?

They use level 2 data to trade - maybe somebody can enlighten me as to what this means and how this makes day trading sure thing?
 
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