FXCM

  www.fxcm.com
  www.fxcm.com

FXCM Reviews

Updated December 10, 2014
Updated December 10, 2014
130 Reviews
3.1
130 Reviews
Rating Trends

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FXCM CEO and Director Drew Niv
Drew Niv
72 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.  

    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 (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
  2. 2 people found this helpful  

    good place to start, not a place you want to invest your career

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FXCM

    Pros

    good place to start if you are new to the industry and market.

    Cons

    everything else besides the pro.
    place with no future.
    no compensation.
    hard work does not pay off at this company.
    you are basically working to pay off the salaries of upper management.
    family owned company, nothing pays off to the employees
    high turnover.

    Advice to ManagementAdvice

    human resources need to work with the upper management in providing a better working condition and satisfaction of employees.

    you should start compensating your employees for what they deserve if you want to seek long term for the company. infrastructure is the most important.

  3. 3 people found this helpful  

    Interesting work

    • 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

    Pros

    Great coworkers
    Normal hours
    Workload was never crazy
    Interesting work

    Cons

    Shady business ethics / senior management

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 4 people found this helpful  

    Forgot What Made Them Great

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

    I worked at FXCM

    Pros

    Opportunities to learn different aspects of the forex market.
    Ability to gain many new skills just based on the nature of how each department works.

    Cons

    Pay is less than industry standard.
    Slowly outsourcing jobs to other countries.
    Wasteful spending that results in people getting fired to make the bottom line look good to investors.
    Promotions and job security based on cronyism and nepotism, if you don't fall into those 2 categories, you have to sacrifice your personal life and happiness before you see benefits (if they don't fire you first).
    Managers are clueless in how to develop people but remain in power because of the points listed above.

    Advice to ManagementAdvice

    Actually learn how to manage. You always say that things should change for the better but the management model seems to be exempt from that. Management doesn't seem able to see their own shortcomings and constantly assign their failures to other people under. This is the vicious cycle of FXCM.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    A good place to start your career but not really any room for advancement.

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

    I worked at FXCM

    Pros

    You will enjoy working with your colleagues on the same level as you. You will gain some great experience in the FX markets as well as with interacting with people on the phone.

    Cons

    Management is terrible. They do not value their employees at all. There is extremely little room for advancement within the firm and they are just fine with that, as they consider the majority of their employees to be a dime a dozen.

    Advice to ManagementAdvice

    If you want your employees to excel, show them you care about them. It will speak volumes for the company.

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

    It is very easy to get in to the company. The bar is not very high. Which is reflected in pay.

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

    I have been working at FXCM full-time (more than 5 years)

    Pros

    - Easy environment.
    - Not much of a rush to get anything done.
    - The experience you have will really depends on the manager you get. Some are decent, others are not.

    Cons

    - If you're ambitious, this is a wrong place to be or it should be a stop along the way - very brief stop.
    - Management has been in place forever. 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.
    - Along the same chain of thought - politics is fostered in the company from the highest level. Managers fighting among each other about what they control and how they control it even if it is detrimental to the business or general operations. Example of this is: If something goes wrong, rather than fixing it, every email is dissected to find out who to blame among the many departments working on the project.
    - A lot of employees have recently described the company as a sinking ship. Bonuses are cut, no raises are given. Most of the fault for that goes to the partners who have not diversified the business. They keep thinking of acquiring other FX firms rather than branch in to other markets. This is what it seems to me as an employee of many years. I'm not privy to their future plans.
    - Quality of people is not high. No go-getters... people just going with the flow to earn a living. I'm among them.

    Advice to ManagementAdvice

    - Top management should start firing or laying off managers when politics is being used within the company. Although there will be a vacuum as to who fills those spots. No real leaders all around.
    - Keep an open mind and listen to bottom level employees. Don't just listen to managers you've appointed while back.
    - How is seniority a qualification or requirement for promotion? Wake up.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    FXCM isn't a perfect company, it's tough, you'll grow a lot and its a great place to start

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Service Representative in Dallas, TX
    Former Employee - Financial Service Representative in Dallas, TX

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

    Pros

    **Great coworkers - its the best part of the job. If you're in FSR, you'll be apart of a great team that works well together
    **Welcoming HR team - Asha in Dallas makes the the company look really good to potential candidates
    **Pay is actually pretty good relative to other FSR entry level jobs. However you earn every penny of it for how stressful it can be. Despite the the "cons" listed in some of the other reviews regarding pay - this company pays you in experience where it may not in salary.
    **Great mentors - my boss (mid level manager) was great to work with and definitely helped make me a better professional. I can't say that about my other bosses that I've had in the past - nor can I comment on other departments in this company.

    Cons

    **Insanely tough metrics especially with the current market conditions and low volatility
    **High burnout rate - its stressful, its fast paced, and you will deal with some very difficult clients
    **The coffee in the break room is God awful, nearly tortuous. Bring your own coffee.
    **Computers belong in a museum, your iphone is faster than these things.

    Advice to ManagementAdvice

    Upper level management - Interact with your employees more, be friendly, pretend like you're glad we're busting our butts for you - Don't forget how stressful the job can be.

    Mid level - you guys do a good job, just keep in mind you're the bridge between the lower guys to the upper lever of management. Be able to occasionally vouch for the guys lower than you because they'll definitely be there to make you look good when it counts.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Financial Operations Associate

    • 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 full-time

    Pros

    Good experience, very diverse and global company.

    Cons

    Limited growth and promotion opportunity.

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 3 people found this helpful  

    DailyFX Intern

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

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

    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.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  11. 2 people found this helpful  

    Great education, limited growth opportunities. Learn the business and leave in 2 years or less.

    • 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 5 years)

    Pros

    One of the best places to learn the foreign exchange market.

    Cons

    Terrible compensation unless you can leverage past experience to drive revenue in a short period of time.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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