Hey Rocketman7,

I went through the website briefly and did not recognize anyone there. Is the specific part where the person talks about FXCM on the website?

I have not seen the show before but from the website it looks like they are following some hard selling brokers around and videotaping them reality show style.

As far as my comments on this during my time at FXCM we hired pretty much only recent graduates from good schools to man the phones and there was never a cold call made. Those people would service incoming phone and chat traffic and then they would call demo accounts and ask them if they wanted to be walked through the platform.

The one exception to the above was the institutional division of the firm where there was a lots more gloves off mentality where cold calling and things such as this were the name of the game. The difference here however is you are calling hedge funds and financial institutions not individual traders.

So in short, while I was there, and I doubt anything has changed in the 4 months since I have left, there was no cold calling to individuals going on, and there was a conscious effort not to hire that type of person.

This being said in general in finance and trading you should assume that you are swimming with the sharks at all times as like this show seems to be pointing out in general its a dog eat dog industry.

Any other questions or comments please feel free to post them below.

Best Regards,
Dave