Working at FXCM by James Bernard
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.
This article is about the thoughts of Mr James Bernard, a Senior Treasury Manager at FXCM.
“FXCM is a forex broker with a standout trading platform and a wide array of investment resources. It has low spreads but a high commission price. It provides both standard and mini accounts and so may be a good choice for cautious investors curious about the forex market.” says Mr Bernard.
He added,”FXCM is a fast paced environment, in a niche market of the Financial sector. There is a very steep learning curve, but once mastered, you have the potential to excel. From FXCM I learned a variety of skills in both treasury management as well as sales and client services.”
Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.79% of retail client accounts lose money when trading Forex/CFDs with FXCM LTD. You should consider whether you understand how Forex/CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 1999, the company’s mission is to provide global traders with access to the world’s largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.
Here are few pros and cons about working at FXCM by Mr James Bernard.
- Decent pay with good benefits.
- Fast pace environment and good culture.
- Good for entry level when new starts.
- Dynamic, learning something new everyday.
- Unreliable work status with company due to constant market changes.
- All new growth is overseas in cheaper labor offices.
- Sometimes the work can be stressful.
Overall, if you are a beginner and want to start where you learn a lot of things to grow your expertise in certain areas, then FXCM is the best place to get started.