MET Traders?? Any info appreciated

This is a discussion on MET Traders?? Any info appreciated within the Home Trader forums, part of the Trading Career category; You do realise that *very* few prop firms will pay you anything for training, right? How much a 1st year ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Aug 22, 2008, 6:02pm   #16
Joined Nov 2007
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.
rawrschach is offline   Reply With Quote
Old Aug 22, 2008, 7:17pm   #17
 
Directional's Avatar
Joined Feb 2005
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.
__________________
Directory of Prop Trading Firms here.

Interesting articles about proprietary trading, including whether you should pay a prop firm for training (don't).
Directional is offline   Reply With Quote
Old Aug 23, 2008, 7:26am   #18
 
9 Posts
Joined Aug 2008
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.
Croupier is offline   Reply With Quote
Old Sep 7, 2008, 3:42pm   #19
 
1 Posts
Joined Aug 2008
any hint about the numerical tests? can someone describe how questions are formulated or give an example? thanks a lot
gavrilageorge2001 is offline   Reply With Quote
Old Sep 7, 2008, 5:07pm   #20
Joined Nov 2007
generic shl tests
rawrschach is offline   Reply With Quote
Old Sep 11, 2008, 4:02pm   #21
 
9 Posts
Joined Sep 2008
If you are really serious about trading, then best to get in asap ie. straight after uni even if your not paid too well intitially the trainign is extremely helpful and with the right mindset you can be earning reasonable money. Think about it in some countries degrees last till your 23 and in the UK, you have to pay a good few thousands to study for a masters which may do sod all for your job prospects. Here you get abit of money & relevent, professional training, so grab it, unless you find something better. It beats doing a job which pays but offers no career progression.
nikkigirl is offline   Reply With Quote
Old Sep 22, 2008, 4:06pm   #22
 
2 Posts
Joined Jun 2008
how does their remuneration package work exactly? and what kind of things did they ask at interview?
Yigzi is offline   Reply With Quote
Old Mar 28, 2009, 4:21pm   #23
 
2 Posts
Joined Aug 2008
Hey Guys,

I believe Mettraders are doing another round of hiring at the moment. I have an interview with them next week anyway. Any1 else interview with them recently? Mine is with two traders. Just wondering if they grill grads on their market views or should I expect to be asked moreso on my cv and so on?

Also I believe there is a numerical test. Just a standard 20 min 20 questions with shl?
FunSeany is offline   Reply With Quote
Old Apr 5, 2009, 3:17pm   #24
Joined Jan 2009
Quote:
Originally Posted by ahussain86 View Post
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 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

they may be making 500k a year but they forget to mention that most prop traders are self employed unless you work for a bank. so that means you have to pay VAT and your own tax bill which is 40%, so they could be making £500k but more like taking home £300k after deductions, still good though!
traderboi29 is offline   Reply With Quote
Old Apr 5, 2009, 9:44pm   #25
Joined Mar 2009
Why exactly are they paying VAT? I see no reason why they should pay any VAT. do not live in the UK, but europe, and the VAT system is the same all the way.

Even IF (!) (and I doubt) they would have to add VAT to the invoices, it would go to the arcade's side (i.. they charge x + VAT), and the VAT would then reclaim the VAT from the government, as they have no VAT income (obviously). Now, do not say the government does not pay that Mine does - I have a small business and zero VAT income, because all our customers are out of country VAT deductabale businesses, so we do not write VAT on the invoice, and MY government happily refunds me the money

Also, do not forget that as independants they can actually deduct possibly a LOT of expenses. Business meetings, business car, allowance for spending etc. Being creative, without lying etc., can help you not exactly saving money, but funnelling some of that money into things that you enjoy (like a nice car).

That said, I am happy to live where I have a choice to tax "income from business activities and capital gain" with a flat 19%
NetTecture is offline   Reply With Quote
Old Apr 6, 2009, 12:19am   #26
 
arabianights's Avatar
Joined Jan 2007
They are not paying VAT (financial companies aren't even allowed to register for VAT afaik) and locals on 500k per annum are usually (not always mind) more sensible than to remain a sole trader and pay 40% income tax/CGT on their earnings... see an accountant/make up your own cunning scheme!
__________________
World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes.

No nuisance spread betters please. Anyone else welcome.
arabianights is offline   Reply With Quote
Old Apr 24, 2009, 12:35am   #27
Joined Dec 2008
these prop firms, from what i've heard, they place a lot of emphasis on technical analysis
tripleogstar is offline   Reply With Quote
Old Jun 5, 2012, 6:53pm   #28
 
5 Posts
Joined Mar 2012
Re: MET Traders?? Any info appreciated

hello guys,
Has anybody finally accepted the offer.How was the numerical tests ?????please do share the experience
amargathani is offline Trading arcade or proprietary trading company   Reply With Quote
Old Jul 26, 2012, 4:59pm   #29
 
1 Posts
Joined Jul 2012
Re: MET Traders?? Any info appreciated

Hi all,
I have just received an email inviting me to an interview, has anybody recently had a successful interview with MET? I would be grateful if you could let me know what kind of numerical test they will give and possible interview questions to help me prepare.

I have already read the previous posts, but just wondering if any of the processes may have changed since 2007/8.

Many thanks
sabotarj is offline Broker   Reply With Quote
Old Aug 8, 2012, 11:45am   #30
 
1 Posts
Joined Sep 2008
Re: MET Traders?? Any info appreciated

Quote:
Originally Posted by sabotarj View Post
Hi all,
I have just received an email inviting me to an interview, has anybody recently had a successful interview with MET? I would be grateful if you could let me know what kind of numerical test they will give and possible interview questions to help me prepare.

I have already read the previous posts, but just wondering if any of the processes may have changed since 2007/8.

Many thanks
Hi sabotarj, did you go to the interview? How did you find the test? Was it similar to an SHL test?

Hope it went well for you.
lsmith150 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Info on Traders International wanted troyss1963 Trading Systems 101 Jan 20, 2013 10:51pm
Anyone have any info on Argo Traders teen_trader Trading Firms 1 Jul 14, 2007 8:27pm
Any help would be appreciated snuffy The Foyer 1 Dec 13, 2004 6:03am
SpecForum.com - new site/opinions appreciated spec Educational Resources 5 Nov 2, 2004 2:04pm
EOD FTSE Trading Strategy. Tweaking Ideas Appreciated! FetteredChinos Trading Systems 9 Jan 7, 2004 5:09pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)