FXCM

www.fxcm.com

FXCM Reviews

Updated 10 December 2014
Updated 10 December 2014
129 Reviews
3.1
129 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
FXCM CEO and Director Drew Niv
Drew Niv
71 Ratings

Review Highlights

Pros
  • good place to start if you are new to the industry and market (in 9 reviews)

  • You'll learn a lot and the opportunity for exposure and hands on experience exceeds those top positions at big banks (in 7 reviews)


Cons
  • The company is corrupt, especially on the upper management level; lacks ethics and integrity; (in 8 reviews)

  • High turnover, poor handling of bad staffing choices (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    brilliant and great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FXCM

    Pros

    great work life balance and great compensation

    Cons

    none so far and excellent company all round

  2.  

    Okay place to start out at, but not a good place for growth opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - FXCM sales in London, England
    Current Employee - FXCM sales in London, England

    I have been working at FXCM

    Pros

    good business model, relatively easy sell to customers
    good place to start on the financial markets
    an international work place

    Cons

    no benefits, no pension fund
    nepotism rules
    repetitive work
    management too interested by sometimes irrelevant stats
    too hierarchical
    not enough room is given for employees to improve themselves (e.g. education)
    no growth opportunities
    I agree to what someone else said on this website - the place is run like a high school (maybe even primary school)

    Advice to ManagementAdvice

    don't run the ship so tight; adopt better HR practices such as giving employees the chance to learn more; offer better and more ways to grow in the organisation, too.

    Doesn't Recommend
  3.  

    Great Company To Start At

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FXCM

    Pros

    Exposed to various facets of the business if showing a true interest. A great starting point to learn about the FX trading world if no previous experience.

    Cons

    Overnight hours are (were) mandatory for sales reps depending upon location

    Recommends
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    N/A

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FXCM

    Pros

    There is room for growth

    Cons

    the pay is non nego

    Advice to ManagementAdvice

    Be yourself and be efficient

  6. 8 people found this helpful  

    There are a lot of people jumping ship....I wonder why?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FXCM full-time (more than an year)

    Pros

    Bolstered my ability in sales. Lower level management is very hands-on with their employees and knowledgeable about the FX market. They will work closely with you to develop your weaknesses and turn them into strengths.

    Overall, I think everyone here truly believes in this company and its ability to grow and outperform its competitors.

    Cons

    Increasing workload, while significantly decreasing employee compensation is not a recipe for success. It became very clear during my time with the company that the CEO's primary concern is the majority shareholders' stock price increasing, and has absolutely no regard for the bottom line employees not already vested in the company.

    While there were some highly talented and very committed employees in this company when I first started, they, as well as I, have all now left due to the above mentioned reason. This is quite disconcerting.

    Low growth opportunity due to an over saturated upper management team is not very motivating.

    Lastly, the company's culture needs a defibrillator, it has flat lined.

    Advice to ManagementAdvice

    Remember where you started in the company.

    Promising me a paycheck tomorrow doesn't help my paycheck today.

    If you ever read this feedback, please make some changes.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 2 people found this helpful  

    Average

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Retail Intern in San Francisco, CA (US)
    Former Employee - Retail Intern in San Francisco, CA (US)

    I worked at FXCM as an intern (less than an year)

    Pros

    It was a professional environment to work in. If you love dealing with currency markets and market research in general, it is a great place to learn and pick up new things about the market. Learning about the currency markets here also helped me understand the technicals behind the securities, commodities, and other such markets.

    Cons

    Low salary, very competitive environment, and political.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    good place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FXCM

    Pros

    nice people to work with

    Cons

    uncertain, not stable working

  9.  

    Great learning opportunity, lacking in compensation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Specialist in Plano, TX (US)
    Current Employee - Operations Specialist in Plano, TX (US)

    I have been working at FXCM full-time (more than 3 years)

    Pros

    -Great management (very knowledgable)
    -Co. is top of industry
    -flat org
    -strong strategic planning
    -great learning opportunity for industry (FX) and specific business field (ops, sales, marketing, compliance, etc)
    -productive workforce
    -diverse workforce
    -international for a relatively small company

    Cons

    -lack of leadership (managers are great at managing but have limited leadership skills)
    -lack of company culture (work environment is like the stereotypical office)
    -lacking in compensation: relatively low pay and ok benefits

    Advice to ManagementAdvice

    develop a company culture and invest in your employees (develop internally). Strategically in an external sense, FXCM has done so great.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Solid place for young professional

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern in New York, NY (US)
    Current Employee - Intern in New York, NY (US)

    I have been working at FXCM as an intern (less than an year)

    Pros

    Bright office, good place to start. 8 hour work days, the office hours are based off of trading hours with 8 hour rotations since the FX market is 24 hours a day. The only shift that is awkward would be the London trading hours which is basically when everyone else in NY sleeps. Most people work typical hours though.

    Cons

    Some of the responsibilities aren't highly transferable. It's a nice place to get work experience but you the currency trading is a niche in the greater scheme of things

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Wonderful Internship Opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Intelligence Intern in Plano, TX (US)
    Current Employee - Business Intelligence Intern in Plano, TX (US)

    I have been working at FXCM as an intern (less than an year)

    Pros

    1) very professional and supportive working environment
    2) gave a lot of opportunities for interns to practice
    3) The training is very strict but valuable

    Cons

    need to be a quick learner to get familiar to the forex market

    Advice to ManagementAdvice

    My supervisor is very supportive and patient. And she always provides great suggestions on my project

    Recommends
    Positive Outlook
    Approves of CEO

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