Magma Trading Salary

Magma Trading Salary

How much does the Magma Trading Pay for employees?

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As of August 2026, the average annual salary for employees at Magma Trading in the United States is $85,681. This translates to an approximate hourly wage of $41. Salaries at Magma Trading typically range from $75,159 to $97,100 annually, reflecting the diverse roles and experience levels within the company. Magma Trading’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Magma Trading Pay for Different Roles?

Explore detailed salary information for specific jobs at Magma Trading. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at Magma Trading

Ready for your next career move? Explore current job openings at Magma Trading. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Magma Trading’s Pay Competitive? Salary Benchmarking Analysis

How does Magma Trading’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
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Average Salary ($/year)
Magma Trading
Financial Services
i3 LLC
Allan Erdy Escrow Inc
Industry Comparison
Our data shows that, on average, compensation at Magma Trading is below the average for the U.S. Financial Services industry by approximately 29%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magma Trading average annual salary with several similar companies. Magma Trading average salary of $85,681 is higher than i3 LLC, which has an average salary of $82,812. It is lower than Allan Erdy Escrow Inc, with their average salary at $99,615. This places Magma Trading in a mid-range position among its peers.
See Your True Competitors
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How Magma Trading's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Magma Trading. Click a company name to learn more.

Employee Reviews: Working at Magma Trading

Considering a career at Magma Trading? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Teamwork drives strong performance. The leadership team at this financial institution is truly inspiring. Strategic direction is clear, and the company adapts well to industry shifts. Work-life balance varies by team and manager support.
Commented in April 25, 2025
14
2
Financial companies can be rigid, but this one balances structure with creativity. The leadership team is ethical, focused, and genuinely interested in long-term success. It’s a place where I feel genuinely motivated every day. Management consistently checks in on team morale and actively seeks feedback for improvement. My role is challenging and fulfilling. Training is offered but can meet evolvi...
Commented in May 28, 2024
25
3
Training programs are detailed and continuous. Working here has exceeded my expectations. Ideas are judged on merit, and there's a conscious effort to ensure all voices are heard. Teamwork is encouraged, and the tools provided make it easy to stay productive and effective. Leadership is communicative and values employee contributions.
Commented in March 11, 2024
47
1

Magma Trading Overview

Website
www.magmatrading.com
Founded In
2016
Employees
<25 employees
Industry
Financial Services
Headquarter Address
1333 Meadowbrook Dr West Palm Beach Florida FL 33417
Revenue
<$5 Million
Phone Number
+1 7044915603
Social Media
About Magma Trading
Magma Trading has developed a platform for market-makers and order-entry broker-dealers to interact anonymously to improve execution quality. their management team includes professionals who have been CEOs and senior executives of several large Wall Street technology and trading firms.

What Benefits Does Magma Trading Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magma Trading offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near West Palm Beach?

Understanding the cost of living near West Palm Beach is key to truly evaluating a salary offer or your current compensation at Magma Trading.
West Palm Beach's Cost of Living Index is approximately 113.8 (13.8% more expensive than US average; 10.4% more than FL average). South Florida city, higher housing costs, near affluent Palm Beach. Palm Tran, Tri-Rail. When planning your budget based on a salary from Magma Trading, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Magma Trading salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (Palm Tran monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $430 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $730+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,190 - $5,060+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magma Trading

1. What is the typical salary range (low to high) for most roles at Magma Trading?

The typical annual salary range for most roles at Magma Trading is approximately from $75,159 to $97,100. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Magma Trading pay compared to i3 LLC?

The average annual salary at Magma Trading is $85,681, or an hourly wage of $41, in comparison to i3 LLC which pays $82,812 per year or $40 per hour.

3. Do salaries differ significantly between departments at Magma Trading?

Yes, salaries often differ between departments at Magma Trading due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Magma Trading?

Experience level is a significant factor in determining salary at Magma Trading, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Magma Trading in West Palm Beach is fair given the local cost of living?

To determine if a salary offer from Magma Trading in West Palm Beach is fair, first compare the gross salary to our data for similar roles at Magma Trading and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for West Palm Beach" to understand its purchasing power.

6. What factors influence salary increases at Magma Trading?

Salary increases at Magma Trading are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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