What do you guys(gals) have on Vortex Capital, Toronto?

Water Cooler Careers
#1

I got a candidate selection invite to interview and test to be a trader with Vortex Capital. It’s a boutique investment firm in Toronto. The funny thing is that they ask for $2500 US for software, training fees, and LOSSES. They say they allow their traders a daily loss of $250. The email I got says “Moreover, all our traders are required to provide a minimum capital contribution of US$2,500 which would cover software fees (US$200/m) + entitlements in advance as well as any incurred losses.” What’s going on here? Anyone know what this is about?

#2

I’m not sure what’s going on the bold italics, analyst forum formatting error maybe?

#3

I got the same email. Personally, I wouldn’t do it because I am looking for a full time asset management type of position. Whereas this is purely trading and basically you get like 60-75% of the profits you make and 100% of the losses without any salary or additional compensation. They are essentially selling you their software or training for the initial $2500 and then taking a cut from your profits.

#4

I noticed this too… It looks like text between dollar signs gets read as italic. I bought something for between $5 and $10 of greenback money. Asterisks probably do bold: to *boldly go* where no man has gone before. I noticed the formatting and image inserting tools arent there anymore. Clearly, some changes are happening under the hood.

#5

Sounds sketchy to me… scam

#6

Hmm. I see, so rahkab, would you do it otherwise? and woodywoodford, yeah, it seems a little sketchy when an employer asks you to pay money

#7

^^^ Don’t consider the 2500 as a fee, that’s your risk capital. You lose that and you’re out. The question then becomes do you think you have a trading strategy with good enough risk adjusted returns that you can provide a living for yourself and not have a drawdown > 2500. I’m strongly guessing no, simply because pretty much no one does. Yes, you can start small and grow your capital base, but given such a low initial dd limit, that will take time. Your chances of success here are extremely slim, imo, I’d look elsewhere. HTH.

#8

Seriously wtf is up with this italic/bold nonsense?! Just changed my post, weird.

#9

That makes sense, thanks.

And yeah, the italic shit is fucked up