FXCM Reviews | Glassdoor

FXCM Reviews

Updated November 12, 2017
221 reviews

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3.5
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Brendan Callan
13 Ratings

221 Employee Reviews

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Pros
  • reasonable hours, casual work environment (in 20 reviews)

  • Smart people /peers, great ability to learn a lot for self-starter and advancement opportunities if you are willing to pursue them (in 10 reviews)

Cons
  • most people not part of "the group" are unhappy and try to leave which results in high turnover (in 10 reviews)

  • Low growth opportunity due to an over saturated upper management team is not very motivating (in 9 reviews)

More Pros and Cons

  1. "developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at FXCM full-time

    Pros

    Good environment, nice view, convenient location

    Cons

    Everything is kinda slow, business not too good now


  2. "Unstable Future"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at FXCM full-time

    Pros

    Flexible schedule, laid back environment

    Cons

    Unsure of company's future, low performing employees weigh down the team

    Advice to Management

    Hire higher quality candidates, stay out of the courtroom

  3. Helpful (2)

    "Working for FXCM"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Associate in Plano, TX
    Former Employee - Operations Associate in Plano, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at FXCM full-time (More than 8 years)

    Pros

    After working there for years, if you kiss your upper management, forget your personal life and willing to dedicate every available minute to work overtime, they may send you to travel the world.

    Cons

    Extremely political. They promote some of the dumbest people, only because they kiss upper managers' behinds. Promotion has nothing to do with how smart you are. International offices only hire model like girls straight out of college and don't look at actually well-qualified candidates. You have to swallow a lot in order to be able to stay at your job here. Upper management as caught by the CFTC doing a lot of dishonest practices, playing against clients' interests, therefore the company can no longer do business in the United States. Well deserved, FXCM!

    Advice to Management

    Start hiring for brain, not looks! Promote smart people who know what they're doing, not those who please you in front of your face and gossip behind your back. Be honest with your clients and in order to succeed. Value your employees.


  4. "FSR"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Service Representative in San Francisco, CA
    Current Employee - Financial Service Representative in San Francisco, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at FXCM (More than a year)

    Pros

    Great co-workers
    team orientated atmosphere
    Clearly defined goals

    Cons

    None. It was great experience to break into the industry


  5. "A good place to grow ( almost )"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Plano, TX
    Former Employee - Financial Services Representative in Plano, TX
    Recommends
    Approves of CEO

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

    Pros

    Management is responsive and attentive. People are nice, the culture is competitive but not mean spirited. I worked there for 3 years and simply did not see a future, but I did not leave because I was dissatisfied with anything in particular. I was sorry to hear that there were dishonest practices at the highest level, but I can attest that during my time there, the culture was always appeared to be attuned to the needs of the clients and fair practices. If I were still in the same industry, I would consider working there again.

    Cons

    The way the culture is set up, the way you get into a different department or to a higher level is by putting on a show with how hard you can work, plain and simple. Or, find ways to inflate the appearance of your performance. I'm sure it's like that at other companies too. But it would be nice if there were advancement opportunities that relied more on training and placement based on aptitude and preference rather than using promotions and lateral movements as a carrot to extract as much toil as possible.

    Advice to Management

    Find ways to reward more than just sales numbers, find better ways to train internally, and you can increase the firms ability to leverage employees who have other skill sets, aptitudes and desires beyond the cookie cutter role structure.


  6. "Ok company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Plano, TX
    Former Employee - Anonymous Employee in Plano, TX
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at FXCM part-time (Less than a year)

    Pros

    Free coffee, the networking was great, getting a chance to communicate with professionals across the world. East to communicste with leaders in the company.

    Cons

    Very cheap company. Too many leaders in one department, no one was ever on the same page. Hard to grow within the company.


  7. "Ops"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at FXCM full-time

    Pros

    Fast paced environment. The work was interesting because getting to know about the FX market was enjoyable

    Cons

    Favoritism is rampant and competent managers are rare in that place

    Advice to Management

    get your act together or the place will vanish

  8. "Great work environment.. lack of advancement opportunities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at FXCM full-time (More than a year)

    Pros

    Good time off (vacation, PTO, and sick days)
    Good work life balance
    Fantastic coworkers, working environment with great collaborative energy
    Team work

    Cons

    limit opportunities to advance
    base pay is on the lower side although the bonuses make up for that

    Advice to Management

    Don't let good talent leave so easily


  9. "This job was a learning experience."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accountant in New York, NY
    Former Employee - Accountant in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    You can develop good relationships with a few of the employees. There are also some good mentors that can help you to build your career.

    Cons

    There isn't much room for growth. The pay doesn't match how much hours and work you put into the job.


  10. "FXCM Review"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FXCM full-time

    Pros

    There is a huge opportunity for growth and independence

    Cons

    The clients that you work with can sometimes be extremely unreasonable

    Advice to Management

    Better and more streamlined communication


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