FXCM Reviews

Updated 15 April, 2015
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3.3
140 Reviews
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FXCM CEO and Director Drew Niv
Drew Niv
77 Ratings

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 Pros and Cons

Employee Reviews

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  1. Featured Review

    Wonderful Internship Opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Business Intelligence Intern in Plano, TX (US)
    Current Intern - Business Intelligence Intern in Plano, TX (US)

    I have been working at FXCM as an intern (less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

    My supervisor is very supportive and patient. And she always provides great suggestions on my project

  2. Helpful (2)

    Not recommended, unless you are desperate for experience

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

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Easy to get an entry-level position, which can help to move forward in the industry

    Cons

    Punitive work environment. Employees have been yelled at on the floor by managers. Unrealistic productivity goals without adequate focus on quality of work. Management is like a highschool clique.

    Advice to Management

    Hire external, experienced managers.

  3. Helpful (1)

    Compliance Associate

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

    I have been working at FXCM

    Pros

    Interesting, challenging work, great team

    Cons

    high volatility, regulations constantly changing

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Client Relationship Manager and Institutional Sales

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY (US)
    Former Employee - Anonymous Employee in New York, NY (US)

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

    Negative Outlook
    Approves of CEO
    Negative Outlook
    Approves of CEO

    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

  6. Intern Program

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FXCM

    Pros

    It is a great company, very professional.

    Cons

    No bad comments about this company

  7. Good company with caring management

    • 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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good place to learn FX
    Managers are really caring to their subordinates, and they are willing to teach/share with us

    Cons

    there are limited upward mobility

  8. FX trading

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FXCM

    Pros

    Gain a lot experience with FX

    Cons

    Shift duty, and lowest pay

    Advice to Management

    good

  9. A great starter job.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FXCM

    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.

  10. Once Great Company Working Hard to Fail

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

    I worked at FXCM

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    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.

  11. FXCM good place for hard working self-starters with desire to learn and succeed quickly.

    • 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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    • Company takes care of it’s own – If you have a rough quarter, bad day, or need more guidance with something, you typically receive it
    • Lots of responsibility given – company doesn’t seek out big titles, certain ages, previous companies on your resume – can go up quickly with hard work
    • Large number of veteran employees who are passionate about what they do – tends to rub off and inspire healthy competition
    • Ideas are welcome – numerous projects / new initiatives come with an idea from an employee who follows through with analysis
    • Wide array of transferrable skills to future jobs within and outside of industry
    • Further education in form of conferences, seminars, courses, etc. is offered and paid for by company at request of employee where relevant

    Cons

    • Self-starters typically first, if not only, to succeed – must actively seek out opportunity, promotion
    • Can be very stressful work for uncertain amounts of time – I have worked in roles where the stress levels were high for months on end
    • Long term career progression not always clear – my path at the company has never been more than 6 months out (can be both good and bad)

    Advice to Management

    • Ensure large updates/changes are communicated to all offices
    • Consider paying a premium for outside hires in key, high-profile roles (not C-level)

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