FXCM Reviews in Plano, TX

Updated September 16, 2014
Updated September 16, 2014
122 Reviews
3.1
122 Reviews
Rating Trends

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

Review Highlights

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

  • Good place to start, you can gain valuable experience (in 7 reviews)


Cons
  • High turnover, poor handling of bad staffing choices (in 6 reviews)

  • The company is corrupt, especially on the upper management level; lacks ethics and integrity; (in 6 reviews)

More Highlights

15 Employee Reviews Back to all reviews

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  1.  

    Great learning opportunity, lacking in compensation

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

    I have been working at FXCM full-time for 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
  2.  

    Wonderful Internship Opportunity

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

    I have been working at FXCM as an intern for less than a 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
  3. 2 people found this helpful  

    Great first time experience. Learned a lot about forex.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Relationship Manager  in  Plano, TX
    Former Employee - Senior Relationship Manager in Plano, TX

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

    Pros

    Great hands on work experience. So great people on the entry level who will work with you and support you.

    Cons

    Internal promotion of management leads to a cycle of nepotism and lack of quality management. Lack of possible growth in movement upward.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Fast paced work environment, good management.

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

    I have been working at FXCM full-time for less than a year

    Pros

    Working for FXCM has been a good experience. Management is very competent and accessible. The company is full of respectable and impressive people. Keeping an eye on the forex market and knowing about trading is necessary.

    This job provides exposure and opportunities that will prove especially valuable if the FX Market continues to grow in popularity.

    Cons

    The job is very fast paced and can be a grind. The upside to this is that anyone in this position will learn a lot, quickly.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 2 people found this helpful  

    Exciting, Growing and Ever-Adapting Environment (Great Jump-Start to a Financial Career)

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

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

    Pros

    - As many reviews have already indicated this before, there is a high amount of growth you will experience here. FXCM is a fast-paced company with limitless potential. Its employees are given a high level of responsibility much quicker than could be expected at other, more bureaucratic financial firms.
    - The Partners and top executivies are very involved in the day to day and care about the employees. They know their staff, by name, and take the time to visit all of the offices. How many people can say at the associate level they individually met with the CEO and COO in one quarter? And for many, this is a weekly occurence.
    - You are working for and with very intelligent people, starting from the top. The CEO, Drew, is brilliant and the entire executive team are very savvy businesspeople. Just look at the astounding growth the company has experienced in the past 14 years. The first to go public in its industry, adapting to the industry and regulatory changes; incomparable to its competitors.
    - The product, education and service is the best in the industry; the business model is mutually beneficial to the client. You will work for the best firm in the FX market here.
    - The energy is high. Employees are excited about the product and company vision. In an ever-changing environment, there is something new everyday; definintely makes you want to come in to work everyday.
    - Entry base salary can lag the market, but this mirrors the performance-driven culture. Excellent performance is rewarded in the form of generous bonuses and annual increases. Raises tend to be from 8-15% for average to top performers. Definitely beats the standard 3% you will be stuck with anywhere else.
    - Medical plan is great; vitually full coverage on most events (no deductibles!). If you are healthy and participate in the wellness plan, you will pay only $50 a month for employee only. Can't beat that...

    Cons

    - Because of the fast-paced nature of the company, responsibility level is high, the company could work on bringing work-life balance to the employees.
    - The firm is still young and growing. Many managers were "home-grown" and could use some leadership development. Bringing in more experienced management from the outside will help bring perspective.
    - Again, the company is fast-growing. At sometimes staffing falls short of current needs due to a lack of forecasting in many areas. The firm could use to implement a talent strategy to avoid straining current resources... hence the work-life balance issue.

    Advice to ManagementAdvice

    As FXCM continues to undergo growth and change, continue to communicate and be transparent with your employees. Communication of the vision is the number one way to instill buy-in from your workforce. Top management should encourage trickle-down communication from middle management to the employees to ensure high morale and camaraderie.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 3 people found this helpful  

    Operations Analyst Intern

    Former Employee - Operations Analyst Intern  in  Plano, TX
    Former Employee - Operations Analyst Intern in Plano, TX

    I worked at FXCM as an intern for less than a year

    Pros

    Laid Back: My Boss was really laid really understood that I had school and worked with me every step of the way.
    Location: Was really close to my house and could take DNT to get here
    People: They are just regular people doing their work, pretty laid back and fun

    Cons

    Pay: 10$ for an intern who is in college is not enough
    People: They don't really welcome the intern and interns just do they work and bounce
    Work: Too redundant and busy work

    Advice to ManagementAdvice

    Build an Internship Program and then hire interns who want to work in operations or any department that you hire in.

    Recommends
  8. 2 people found this helpful  

    Keep Jobs in America

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Plano, TX
    Former Employee - Anonymous Employee in 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 job over seas, micro-managers, people are treated as numbers not humans.

    Advice to ManagementAdvice

    Higher positions should work their way up not just get a position bc of seniority. Many of upper management didn't know how to do the job they were supervising for. Don't micro-manage, trust the people that have been hired.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 2 people found this helpful  

    Excellent company to start a career with

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

    I have been working at FXCM

    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 ManagementAdvice

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

    Recommends
    Approves of CEO
  10. 2 people found this helpful  

    Please do not waste your time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Plano, TX
    Former Employee - Anonymous Employee in Plano, TX

    I worked at FXCM

    Pros

    Good health insurance and life insurance

    Cons

    pay interns 10.00 an hr
     Nepotism is unbelievable.
    Management is very out of touch..
    Jobs are bait and switch
    HR Department is only for company - beware...

    Advice to ManagementAdvice

    Do monthly reviews of VPs and HR from employees . The VPs are inexperienced and should be reviewed and sent to CEO. Things would be different if CEO would quit turning their head . Look at all the good people, they are gone!

    Doesn't Recommend
    Disapproves of CEO
  11. 4 people found this helpful  

    Interesting

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Operations Specialist  in  Plano, TX
    Former Employee - Operations Specialist in Plano, TX

    I worked at FXCM

    Pros

    It's a very diverse, new-age company with several international locations to visit and work. The salary is also very good. The opportunity to travel is awesome.

    Cons

    The management team contained some members that were not fair/approachable and the company has mandatory late night hours that sometimes cannot be avoided which is not acceptable when you have family.

    Advice to ManagementAdvice

    Make sure the management team in place listens to the employees/tries to help more instead of giving random 'errors' or offer ways to improve.

    Approves of CEO

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