FXCM Reviews | Glassdoor

FXCM Reviews

Updated February 22, 2017
191 reviews

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191 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 11 reviews)

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

Cons
More Pros and Cons

  1. Helpful (3)

    "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
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Excellent vacation time and benefits areally good.

    Cons

    Bonuses are discretionary so no Guanrantee. Micro management is everyday life here.
    salary is not commiserate with responsibilities and required knowledge base.
    Bonus is for meeting qrtly goals. In no way are you compensate for the equity you bring in or accounts you bring in.
    Also, no matching 401k

    Advice to Management

    Raise salary/grant more autonomy/recognize success as well as failure.


  2. Helpful (11)

    "Great flexibility and fair pay, lack of career advancement opportunity"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Network Engineer in New York, NY
    Former Employee - Senior Network Engineer in New York, NY
    Recommends
    Negative Outlook
    Disapproves of CEO

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

    Pros

    The flexibility in one's schedule is unmatched. You have no set hours as to when you need to be there or when you can leave, so if you have kids this helps out a lot. You also have the ability to work from home, and depending on how good you are at your job you may be able to work from home consistently. The pay is great if you are close with the management but, if you aren't, then the pay is simply "fair". There is free coffee, tea, and hot chocolate and they provide the utensils, plates, and bowls to employees. As I was part of the IT staff, this particular group of people are young and easy-going and everyone (for the most part) gets along with each other which makes coming to work more enjoyable. And you get to work with different technologies for the most part, just don't expect any datacenter technologies.

    Cons

    FXCM doesn't match on their 401k. The company has taken a horrific nose-dive recently on the NYSE. If you aren't close with management (part of the cool kids' group) then there is no room for advancement in your career, regardless of whether or not you work your tail off or how much better you are than your peers. Some people in management are less mature than they should be and tend to verbally assault their team members when they make a mistake. Overall, IT is more reactive than proactive here, so be ready. While the work schedule is flexible, your Friday nights will belong to FXCM and possibly even your Saturdays and Sundays. Being on-call is mandatory, so be prepared for numerous occasions where you wake up in the middle of the night. And if you plan to take a company phone, be prepared that you are REQUIRED to answer a text/call regardless of what is going on in your life. Management tends to think they are "bleeding edge" but they are naive and ignorant here, as I'd say they are about 5 years behind other financials when it comes to technologies and having the intelligence to implement them.

    Advice to Management

    You are not elite, and you will be educated on that when you are forced to look for other employment after the company finishes tanking. And the days of getting drunk and high in the office and rarely showing up to work will, I ASSURE YOU, not be tolerated at any real company.


  3. Helpful (5)

    "The best of times, the worst of times."

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

    I worked at FXCM full-time (More than 10 years)

    Pros

    You can get exposed to a lot of different areas of the business quickly. The level of responsibility you have over your work is quite high.

    Cons

    The level of expectation by senior management is not at all in line with salary. Senior management can be passive aggressive and childish. Mixed messages often sent to teams, leading to lack of vision and direction.

    Advice to Management

    Pick a direction, and stick with it. Adjust your expectations of employees to something realistic.


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  5. Helpful (4)

    "Compliance Associate"

    Star Star Star Star Star
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Interesting, challenging work, great team

    Cons

    high volatility, regulations constantly changing


  6. "Currency Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - CURRECY ANALYST in Jersey, NC
    Former Employee - CURRECY ANALYST in Jersey, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at FXCM (More than a year)

    Pros

    - Hours were flexible and micro managing was limited.

    Cons

    There were little to non team building activities.


  7. "Client Relationship Manager and Institutional Sales"

    Star Star Star Star Star
    • 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
    Negative Outlook
    Approves of CEO

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

    Pros

    Public company, Largest between competitors, Access to best pricing

    Cons

    Bureaucratic, politics, no communication between departments

    Advice to Management

    Focus on what's important


  8. Helpful (2)

    "A great starter job."

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    The environment is relaxed, but the employees are still driven. The benefits are very good, especially compared to other companies' benefit plans.

    Cons

    The company is full of relatives of management or their friends. There are very few opportunities for growth. Salary is below average.

    Advice to Management

    Don't give certain employees what they want just because you want to make them happy; other employees have to deal with the aftermath.


  9. 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.


  10. "great company"

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

    Pros

    it is a great company

    Cons

    constantly growing company, must work hard to get your self notice


  11. "Accounting clerk"

    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
    Neutral Outlook
    Approves of CEO

    Pros

    Good company, ceo is usually at the office and very friendly. Nice work environment

    Cons

    Underpaid- pretty much the only con I can think of.



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