FXCM Reviews

Updated April 22, 2015
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5.0
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FXCM CEO and Director Drew Niv
Drew Niv
10 Ratings

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

  • You do learn a lot about trading Forex (in 7 reviews)

Cons
  • These few people who joined the company a while back have held the spot and control the information going to upper management to keep it that way (in 8 reviews)

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

More Pros and Cons

19 Employee Reviews

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  1. Featured Review

    Wonderful Internship Opportunity

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

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


  2. Helpful (3)

    Compliance Associate

    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FXCM

    Pros

    Interesting, challenging work, great team

    Cons

    high volatility, regulations constantly changing


  3. great company

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

    I have been working at FXCM

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    it is a great company

    Cons

    constantly growing company, must work hard to get your self notice


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    N/A

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 Management

    Be yourself and be efficient


  6. Great Company

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

    I have been working at FXCM full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The company is a Market leader in it's industry. There is lots of room for learning and growth within the company. Management is very approachable and cares about their employees.

    Cons

    Salaries are fair, not tops around. But for most the other benefits and good salary, outweigh any financial gains available elsewhere.


  7. Helpful (3)

    DailyFX Intern

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - DailyFX Intern in New York, NY
    Former Intern - DailyFX Intern in New York, NY

    I worked at FXCM as an intern (More than a year)

    Recommends
    Neutral Outlook
    Disapproves of CEO
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    You'll learn a lot and the opportunity for exposure and hands on experience exceeds those top positions at big banks. You'll work with excellent analysts/strategists and learn all the while. The position is what you make out of it and if you love markets and are willing to learn, this is for you.

    Cons

    Poor management, vision, direction, execution. Not only limited to DailyFX, but also other departments. Seems CEO only want to be surrounded by yes men, but this comes at the cost of (1) progress (2) team moral and (3) turnover rates. CEO should hire good leaders instead who actually have a vision and will lead a team rather than be micromanaged.


  8. Helpful (3)

    Great place to gain valuable international experience.

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

    I worked at FXCM full-time (More than 3 years)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    The entrepreneurial atmosphere at FXCM is great for junior employees looking for an organization that truly values meaningful contributions to the company and rewards them with more exciting and challenging responsibilities. There are virtually no limits to what bright, driven, dedicated individuals can do at FXCM because new opportunities are consistently given to those who offer innovative solutions to challenges that the company faces. This includes, and almost certainly will involve, international opportunities. The partners are also very involved in what happens at the company on many levels - so direct interaction with the most senior management is not uncommon. For those interested in the challenge, FXCM is a great place to work.

    Cons

    High turnover and lack of stability. Because the company is so entrepreneurial, things are constantly changing. While this can be exciting it at times, it also leads to frustrations and disappointments.

    Advice to Management

    Constant changes and surprises may be good for the bottom line, but it's eating away at the human resources that make these goals come to fruition. Effective project planning, better training, and compensation that's more in line with comparable roles in the industry are all important for recruiting talent and keeping resources from flocking away.


  9. Helpful (1)

    Great Summer Internship

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FXCM

    Pros

    Learned how to use a Bloomberg Terminal and work with a great team of market analysts

    Cons

    None that I can think of


  10. Helpful (2)

    FX Broker Intern

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - FX Broker Intern in Dallas, TX
    Current Intern - FX Broker Intern in Dallas, TX

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    It was a great interview. An individual from HR went ahead and asked standard fit questions and then handed a document reading today's market news and your told to read it. Afterwards, the hiring manager came in and asked questions scanning over your resume and then asks basic market questions. Just brush up on the economy particularly the FX market and as long as you can articulate well, you'll be fine.

    The job was great and gives a strong foundation in market analysis. You also get very good on the phone. The other works are great and enjoy spending time together outside of work. We went to a Rangers Baseball game once which was alot of fun.

    Cons

    Sometimes, management may get too busy, and you may be stuck by yourself, but everyone was very accommodating and willing to help.


  11. Helpful (2)

    Excellent company to start a career with

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Service Representative in Plano, TX
    Current Employee - Financial Service Representative in Plano, TX

    I have been working at FXCM

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    - Great learning opportunities
    - Good place to develop several skills
    - Development opportunities
    - Good leadership
    - Excellent environment to learn more about the financial markets

    Cons

    - Management pushes you to perform at your best, which can be stressful at times. But, can be rewarding when you do well.

    Advice to Management

    - Communicate the company vision more frequently
    - Other than that, keep it up, you are doing a good job



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