FXCM
2.9 of 5 105 reviews
www.fxcm.com New York, NY 500 to 999 Employees

105 Employee Reviews (View Most Recent)

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  • Disapproves of CEO

6 people found this helpful  

Take a position at your own risk....Be careful before selecting this company as a long-term employer

Anonymous Employee (Former Employee)

I worked at FXCM full-time for more than 5 years

Pros*A good place to learn some basics as a new college graduate;
*If you were a quality student, you will likely have more experience than your manager;
*Based on your department and manager, an opportunity to obtain information quickly over a short period of time prior to moving on to a more professional company;
*There are some good people working for the company, very few, but some;
*The medical and dental plans are okay, but you will never see matching 401K! Forget it!

Cons*The company is corrupt, especially on the upper management level; lacks ethics and integrity;
*The management staff lacks experience and does not have the opportunity to train with other professionals to know that their experience level is below average;
*The inexperience trains the inexperienced, a combination that does not produce top talent that is competitive outside the company;
*The culture and vision is poor, as nepotism is extremely, extremely, high....meaning, mostly all persons in top level positions are related to the partners, friends of the partners, possibly intimate with upper management, in the partner's religion group, or connected to the partners;
*Over 90% of employees will never reach their true goals/potential while working for this company; if you accept a position, only remain for 1-2 years at max for resume purposes and move on to a company that will compensate you fairly, treat you fairly and respect you professionally;
*The best advise, do not trust anyone in this company, not even legal, as there is no real camaraderie....whenever a company is corrupt from top down, you should only trust people as far as you can see them; as soon as your back is turned, your trust level should be at 0;

Advice to Senior Management*In most cases, the management at FXCM are in denial and they have requested for employees to list positive feedback on this site; and they are in denial about the posts on Glassdoor, but from personal experience, almost 100% of the posts have some or all true statements....learn from the feedback, make improvements, and actually care about the employees working for your company. In most cases, upper management could care less about the people working for them, but remember, the people are the company, a company's greatest asset, and without them, FXCM is nothing!

*In addition, to those that believe they are really upper level management (meaning not promoted by a family member), unless you take measures to inhance your career outside of FXCM, (ie. networking, outside training, upper level degree, etc.), your career path outside of FXCM will be very limited, as you are being fooled to think that you are actually VP's/MD's, while you are really, maybe, supervisors, managers, customer service supervisors, and in some cases, regular employees that need additional guidance. If anything, access yourselves and ask yourselves, did I really have enough experience/education to be in this role? In most cases, you will not be truthful because FXCM's management tend to be full arrogance and deceit, so maybe a true 360 assessment done by an outsourced company (someone not related/friends with the partners or employees) will allow you to gain a true insight.

Advise to the employees....if you hear a little voice in your head telling you something is wrong, you cannot trust it, and you feel that you should start looking for another career/company...well, you are 6 months behind and should start looking immediately. This means that you have a conscious, ethics and values and FXCM is certainly not the company for a person that possess those characteristics!

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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FXCM Human Resources responded to this review

Mar 7, 2013

Thank you for taking the time to provide feedback on your experience working at FXCM. We greatly value the opportunity to utilize this information constructively so that we may capitalize on the ... More

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

2 people found this helpful  

Keep Jobs in America

Anonymous Employee (Former Employee)
Plano, TX

I worked at FXCM full-time for less than a year


Pros: Variety of hours available. Met some life long friends there. Cons: Low pay, management team is inexperienced, laid off to send my… Advice to Senior Management: Higher positions should work their way up not just get a position bc of seniority. Many of upper management… No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company… More

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

6 people found this helpful  

An extremely Dysfunctional and Disillusioned organization.

Anonymous Employee (Former Employee)

I worked at FXCM full-time


Pros: There are no positives about working for this company. At one time they had an HR team that would try to help employees but… Cons: -Nepotism runs rampant in this company i.e. family members report to each other. -Promotions are based upon how much kissing up you choose to do. -Management… Advice to Senior Management: The board members should remove the partners/senior management and replace them with competent and experienced professionals to lead the company so it can become successful.… No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company… More

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