employer cover photo

Propex Derivatives

Is this your company?

Biggest career mistake - Anonymous employee Propex Derivatives Employee Review

1.0
16 May 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

As many nesspresso as you can drink

Cons

Incompetent management Poor company culture No future Let me explain first the selection process to you, before you are accepted as a trainee, you will have to go through several interviews and an online simulator. After you are selected, you will spend about 2 months in training. Before you make your first real trade, you will have already spent over 4 months of your time. If you, like the many others here are willing to sacrifice your time in hopes to learn valuable trading skills in Propex, you will be sorely disappointed. Firstly, you will be trained by a trainer who himself has no trading abilities. You will not learn anything from his incompetence or anyone in the management as a matter of fact who are all too selfish to be bothered with you. Be expected to learn how to make money on your own and if you are a new trader be expected to struggle initially for months. Working at Propex, you will be forced to churn volume for the company which main revenue likely come from commission rebates than the money you make through speculating the markets. Your PnL will be secondary to the volume you can generate. Be prepared to work more than 10 hours a day given the trading style this company employ, there are people who used to sleep in this office during weekdays. The management loves to see traders sitting at their desk for long hours. This company is managed by a poor leader. You will not be given any basic respect and be expected to be insulted regularly. He is one of the biggest reasons why the turnover rate is the highest in any company i have ever seen. Be expected to be reminded that you are replaceable and beneath him in every way regularly. That brings me back to my first paragraph. If you choose to join this company, it is a matter of time you come to realize what many reviewers have written here, but by then you will have wasted at least 6 months of your life. My best advice to anyone reading this, if you are in you're early 20s and would like to experience first hand how the trading industry is, that's fine, but if you are someone who is older and/or bearing significant responsibilities, then i urge you not to waste your time here, this is not a place to build a long term career and the lost opportunity costs may be great.

Explore other reviews about Propex Derivatives

5.0
3 Jan 2022
Recommend
CEO approval
Business outlook

Pros

Great environment and support systems

Cons

No cons to be honest

3.0
18 Jul 2024
Recommend
CEO approval
Business outlook

Pros

Good profit split, flexible terms. can work from home

Cons

no such thing of work / home balance.

See reviews by: Helpful|Rating|Date|All