MET Traders?? Any info appreciated

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wind

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Hi, I've got an interview with MET Traders based in West Hampstead, London. Does anyone have any info on them? anyone had an interview with them before?
I've looked around on these boards and as far as i can tell its an arcade (they charge you to trade their with your own money). I've applied for a junior graduate role and am not sure what to expect. Any help would be greatly appreciated. Thanks
 
yep, from what I know they're big on euribor, sterling and eurodollar spreads, flies etc.... more than likely they train up bods to leg these things up all day..... for a trainee they're pretty similar to most of the other arcades (STA/Marex/etc etc). Seem reasonably respectable.
 
Anyone got direct experience of Met Traders? Are they mostly spreads or mixture of spreads and outright traders? How good is the training etc?
 
Yeah, I have an interview with them soon...is it definite that they do not offer a salary?? What sort of £ would you expect to earn in your first year? I graduate from Cam shortly and prob want a salary tbh. Can anyone tell me what the numeracy test and interview was like please??? Cheers!
 
Hi smithe7. How did you get on?

I had a numerical test and interview with them recently and have been offered a place. I need to make a decision in the next few days and am pretty sure I'm gonna take it. If anyone has a good reason why I shouldn't, speak now or forever hold your peace :p The only thing that was a slight turn off is the lack of salary for the first 3 months...but I guess that is gonna be the same anywhere and is probs worth the struggle if I am making decent commission after training period is over.

Re: pay...there is an article on the efinancialcareers.com website in which Danny Kessler of Met Traders says that there are 23yr olds at the firm making half a mill a year. Altho these traders may not represent the norm it does show that such earnings are possible at MET. Does anyone have any idea on what the average trader might be earning in their first year trading STIR futures (on 50% commission)? Thanx
 
ive basically had an offer. not really sure if i should persue it. not sure if they are using us, or if they actually see us as a possible investment.
 
Had an interview with MET traders...they said you get paid 12k a year for first 3 months, then after that no basic and 50% of trading profits. does anyone know how much 1st year grads are earning here?
 
d20814 said:
Had an interview with MET traders...they said you get paid 12k a year for first 3 months, then after that no basic and 50% of trading profits. does anyone know how much 1st year grads are earning here?
Click to expand...

errr.. £12k a year for the first three months? you mean £1k a month for three months (£3k) and then you're on your own?
 
Yep thats the offer I was given although it has changed now, they delay the pay. You don't get paid until you are ready to trade (6wks - 3mths approx) then from that date you earn 1k a month for 3 months, nevertheless I turned it down.

Basil, however, is a true legend!
 
You do realise that *very* few prop firms will pay you anything for training, right?

How much a 1st year grad earns depends how good they are.
 
yeah, almost none pay anything for the training stage nowadays, because so few stay the full mile. Paying a salary is dead money on the whole for the firm.
 
After I sent them my CV, I got an email from the reception, they where not interested.

So, in my opinion, be happy with that offer and take it. Even for £ 5k / year, or nothing.
 
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