FIRMA Foreign Exchange Reviews | Glassdoor

FIRMA Foreign Exchange Reviews

Updated February 24, 2017
16 reviews

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Full-time Part-time

4.1
Star Star Star Star Star
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FIRMA Foreign Exchange CEO Dave Dominy
Dave Dominy
3 Ratings

16 Employee Reviews

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  1. Helpful (3)

    "Been here 4 years"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Corporate Trader
    Current Employee - Corporate Trader
    Recommends
    Positive Outlook

    I have been working at FIRMA Foreign Exchange full-time (More than 3 years)

    Pros

    I'm coming up on 4 full years at FIRMA as a Corporate Trader and I could not be happier. There's no question that this job can be stressful and takes a lot of hard work but the rewards are endless if you can tough it out. Head office is extremely helpful and I get all the support I need from my on site managers. They have a Flight Plan for high performers so there is also room to grow if that's the direction you wish to take.

    Cons

    There are slightly above average turnover ratios but that is simply because the positions here are highly challenging and require extremely high work ethic and dedication to the process. If you can bring that, you will succeed. The organization is growing tremendously and wants to get the most out of its people.


  2. Helpful (3)

    "Numbers, Numbers, Numbers."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    I worked at FIRMA Foreign Exchange full-time

    Pros

    Coworkers were awesome, branch management really wants you to succeed, normal working hours, great work/life balance.

    Cons

    Where to begin, upper management was rude and to them you are just a number, very high amount of cold calling (which you are told about in the interview process) very boring and no room for career advancement. Even (or if you make it that far) when promoted, you are still doing everything that the entry level position does, just with a fancier name. If you are a fan of sitting at a desk all day and calling/lead generating yourself, then this is a great place for you!

  3. Helpful (2)

    "Trader"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader
    Current Employee - Trader
    Recommends
    Positive Outlook

    I have been working at FIRMA Foreign Exchange full-time (More than 3 years)

    Pros

    I worked at FIRMA for the last 4 years,
    All the people above are crying because they can’t handle the hard work. AT FIRMA U REAP WHAT YOU SOW. You have to put in the time in order the get in the results.
    I work at FIRMA for the last 4 years and I am still loving it here. The guys in the office are amazing, management is amazing. The head office is amazing.

    Cons

    The hard part is cold calling, WOW!
    You have to talk to people.

    Advice to Management

    It just got changed. Look out!!!!


  4. Helpful (4)

    "Good Company, needs better direction from management"

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

    Pros

    Growing company, good perks for employees. Management willing to listen to employees.

    Cons

    Need better direction from upper management, compensation plan could be better to attract better quality employees. Training program and tools outdated need to invest in better training for traders.

    Advice to Management

    Have a long term plan for growth and better compensation to keep the best and the brightest.


  5. "BEST PLACE TO WORK FOR!!!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Toronto, ON (Canada)
    Former Employee - Anonymous Employee in Toronto, ON (Canada)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at FIRMA Foreign Exchange full-time (More than 3 years)

    Pros

    I had been with the company for a little over 3 years and throughout my entire time at Firma, I had been treated with nothing but respect! I was always supported by management and my opinions were always taking seriously. It is a really fun place to work in and a great group to be around. If I hadn't moved out of the GTA I would still be there today! I really miss those fun, hardworking souls!

    Cons

    Upper management could be faster at completing projects to support the sales team.

    Advice to Management

    Keep doing what you are doing! Support the troops!


  6. Helpful (1)

    "The Best Financial Service Jobs in Canada"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous
    Current Employee - Anonymous
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FIRMA Foreign Exchange full-time (More than a year)

    Pros

    The culture and leadership team are amazing. Everyone is dedicated to providing great service to clients and to each other. Bad employees are removed and great employees are rewarded. Great branding, service and future!!

    Cons

    Company is awesome and they have no cons

    Advice to Management

    Keep up the good work


  7. "Can't complain!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader in Ottawa, ON (Canada)
    Current Employee - Trader in Ottawa, ON (Canada)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FIRMA Foreign Exchange full-time (More than 5 years)

    Pros

    - Competitive compensation and benefits package
    - Management that takes action and follows through. Very supportive.
    - Work life balance is great
    - Room to grow and learn
    - Great office culture. Lots of fun team building events.

    Cons

    - High pressure. Some stress but manageable.
    - Maybe slightly above average turnover ratios on the lower end. Some people aren't cut out for Sales.
    - Training could be a little bit more structured but overall it is plenty to be successful

    Advice to Management

    Keep doing what you're doing. Continue to support your staff and make it known that work is important but family always comes first. Fantastic place to work!

  8. "Good Place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Authorizer in Edmonton, AB (Canada)
    Former Employee - Authorizer in Edmonton, AB (Canada)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at FIRMA Foreign Exchange (More than 3 years)

    Pros

    Friendly Environment with great team members. FIRMA was a great place for someone looking to get into the FX market.

    Cons

    The Salary seemed to be low for the type of work being done. Growth within the company is limited, if you are looking to move and grow this is not necessarily the company for you.

    At times, office politics come into play with "favorite" employee getting the win even though it might not be the best course of action.


  9. "Wire authorizer"

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

    Pros

    Coworkers are good benefits are good relaxed atmosphere

    Cons

    Pay could be higher less micromanagent

    Advice to Management

    Set better promotion path


  10. "A grind at first, but worth the hard work."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Corporate Trader in Vancouver, BC (Canada)
    Former Employee - Corporate Trader in Vancouver, BC (Canada)
    Recommends
    Positive Outlook

    I worked at FIRMA Foreign Exchange full-time (More than 5 years)

    Pros

    -Great work atmosphere; coworkers are always willing to help
    -Training program is comprehensive
    -You will learn something new everyday
    -Management is transparent with employees

    Cons

    -When you first start, primary method of acquiring clients is by cold calling. Referrals start to come in after year 1.
    -Any job in financial markets can be very stressful at times.

    Advice to Management

    Implement an employee pension plan.


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