Business Development Executive - Business Development MONEX Employee Review

4.0
Nov 14, 2018
Recommend
CEO approval
Business outlook

Pros

Monex is overall a great firm to work for & a leader in the FX brokerage industry. The company is perfect for a driven (ie: money hungry), ambitious sales rep. A few of the pros: - Very good & comprehensive sales training - You have the potential to make a tremendous amount of commission - Insurance policy is generous - The company rewards employees who perform well - Office is in a great location - Everyone in the Toronto office is generally nice & fun to be around - Great opportunity to grow with the organization as they've recently expanded to North America

Cons

This job is an absolute grind & I would only recommend it to people who are dead set on getting as rich as possible. My reasons are as follows: - FX is an extremely tough industry to sell in without eliminating your profit margin or morals - Product is the exact same as every other competitor - You need to work very long hours (7:45am-5:30pm bare minimum) to be successful - Starting salary is meh - You probably won't be good enough at your job for at least a year to earn a dime of commission (but has the potential to ramp up very high very quickly) - Job is almost 100% cold calling - Most staff & operations are currently based in the UK, which makes for some large challenges. This is being addressed though & likely won't be an issue in the future

Explore other reviews about MONEX

5.0
Jan 28, 2026
Recommend
CEO approval
Business outlook

Pros

Great leadership, competitive pay, a team that supports you and sets you up to succeed

Cons

Healthcare Plan could be better but is still good

2.0
Mar 30, 2026
Recommend
CEO approval
Business outlook

Pros

The company may be a reasonable fit for individuals in sales-oriented roles. Free lunch on Fridays

Cons

Where to begin. At the holiday party, senior leadership boasted about how well the company was performing. Less than two months later, downsizing began — with no forewarning to employees. That kind of disconnect between what leadership says publicly and what is actually happening behind the scenes is a serious red flag for any prospective employee. One pattern becomes clear quickly: the company is heavy on impressive-sounding titles but light on people who actually fit those roles. A handful of individuals are genuinely qualified; the rest appear to hold titles that don't reflect their actual depth of experience or capability. My direct manager was a prime example. He consistently stressed the importance of stakeholder engagement and pushed his direct reports to improve in that area — yet when stakeholders were being unreasonable or difficult, he was unwilling to step in or advocate on the team's behalf. He expected from others what he was not willing to model himself. That kind of hollow management creates an environment where employees are set up to fail while their manager avoids accountability entirely. Onboarding was brief, poorly structured, and lacked any real substance. There was no meaningful training for the role and no guidance on what a successful career path would look like. For those coming from more established or well-structured organizations, be warned: leadership is resistant to being challenged and certain conversations can become unnecessarily toxic. The culture here appears built around sales above all else — professional rigor, accountability, and open dialogue take a back seat. Benefits are among the worst I have encountered. Health insurance for two ran $300+ per pay period — a steep employee contribution by any standard. The 401(k) requires 30 days of employment before eligibility, and the employer match is only 5% on a 6% employee contribution, which is below market. Sick leave is not separate from PTO, meaning any illness eats directly into your vacation time. Compensation was also not competitive for the Washington, D.C. area. The in-office policy required five days per week for the first 90 days — framed in a way that felt more like a lack of trust than a genuine onboarding structure. When the reduction in force occurred, the manner in which it was handled was deeply unprofessional. My direct manager held a conversation lasting no more than a minute, abruptly ended the call, and simply wished me well — no context, no acknowledgment, no basic human decency. There was no severance offered and health insurance was terminated the same day as the layoff. For a company that had just celebrated its own success months earlier, the treatment of departing employees was strikingly cold and disrespectful.

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