FXCM Reviews | Glassdoor

FXCM Reviews

Updated February 13, 2017
37 reviews

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2.0
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FXCM CEO and Director Drew Niv
Drew Niv
20 Ratings

37 Employee Reviews

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Pros
  • Everyone was laid back and nice to talk to and you can learn a lot here as a fresher (in 10 reviews)

  • reasonable hours, casual work environment (in 15 reviews)

Cons
  • most people not part of "the group" are unhappy and try to leave which results in high turnover (in 9 reviews)

  • unreasonable request from senior management (in 8 reviews)

More Pros and Cons

  1. "reconcilation specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at FXCM full-time (More than 10 years)

    Pros

    good benefits , do not have to work long hours.

    Cons

    management needs to be improved.


  2. "Great 1st internship"

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

    I worked at FXCM as an intern

    Pros

    Teach a lot. Get to help clients

    Cons

    immature culture. Nobody is very productive.

    Advice to Management

    be more productive.


  3. "Aml investigator"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Compliance Associate in Plano, TX
    Current Employee - Compliance Associate in Plano, TX
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Great co-workers, looks good on resume.
    I have had opportunity to teach myself a lot of things I can take to next job

    Cons

    Micro managing, very high turnover rate in many departments, poor management, not competitive pay at all, hard work not appreciated

    Advice to Management

    Make all management take classes on how to be managers. Stop nitpicking the little things, and listen when employees say they have ideas or are unhappy


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  5. "Sales"

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

    Pros

    * good company to learn

    Cons

    * bad management
    *no bonuses
    *stressful

    Advice to Management

    learn how to treat employees


  6. Helpful (4)

    "Over 10 years experience"

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

    Pros

    Great co-workers and fun environment.

    Cons

    After the company went public, owners and managers checked out after they cashed out. Things went downhill fast as they brought in new management with lack of internal knowledge to lead the company into a series of bad moves. This includes cutting margins by 30%, reducing/eliminating bonuses, requiring employees to clock in and out and a serious downgrade of health benefits based on political and religious biases.

    Advice to Management

    Stop listening to the brown noses. They're only telling you what you want to hear.


  7. Helpful (10)

    "Waste of time. You'd rather stay an extra month unemployed than joining FXCM"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anti Money Laundering Investigator in Plano, TX
    Current Employee - Anti Money Laundering Investigator in Plano, TX
    Negative Outlook
    No opinion of CEO

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

    Pros

    Literally can't think of any. Oh yeah.. the team is usually nice - the management.

    Cons

    1. MICRO MICRO management : When I say this, I really mean it. I saw the reviews here mentioning about this and didn't give them much importance thinking it wouldn't really affect me but I was wrong. The micro management at FXCM will ruin your life at work and it will affect every employee. All the other Cons are a result of this. You basically need to almost function like how they exactly want you to. I felt that the management's focus was on employee's way of doing the tasks by overlooking the results that are actually beneficial to the company.

    2. The management doesn't really take any ideas/suggestions for improvement. My ideas have been appreciated when given but no follow ups were provided on them and they weren't implemented either.

    3. There is tonnes of favoritism here. That at least is basically how my team's(AML Compliance) managers function.

    4. Underpay but I won't give this that much importance.

    5. Oh yea, I never saw the concept of one on ones here. There used to be three on one every other week though.

    6. The process training is disgusssting to be honest. No formalized training material is provided.

    Advice to Management

    All of the above cons ^


  8. Helpful (1)

    "Interesting Place to Work"

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

    Pros

    Good quarterly bonuses, fun work environment

    Cons

    Terrible Base Salary, Poor Job Security

    Advice to Management

    Pay higher salary, less bonuses


  9. Helpful (1)

    "Financial Services Representative"

    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
    Negative Outlook
    No opinion of CEO

    Pros

    great work life balance
    friendly atmosphere
    easily able to transition to other departments

    Cons

    compensation is sub par
    could be used as a case study for office politics


  10. Helpful (3)

    "Ok place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at FXCM (More than a year)

    Pros

    Good Benefits
    They left you alone if you made money, for the most part
    Coworkers were extremely nice

    Cons

    Senior management not very hands on


  11. Helpful (5)

    "Once Great Company Working Hard to Fail"

    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
    Negative Outlook
    Disapproves of CEO

    Pros

    Get to learn a lot about the Forex Market
    Opportunity to learn about different departments and gain new skills

    Cons

    Company no longer cares about their employees
    Promotions/Bonus structure is highly biased and subjective
    Management hasn't learned to "manage" and don't take responsibility for their short-comings

    Advice to Management

    Purge management and start over. Things can't get better if you don't fix the root of the problem.



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