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Currency Solutions

Is this your company?

Awful company do not waste your time - Anonymous employee Currency Solutions Employee Review

1.0
1 July 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The feeling after I quit Literally 0 pros to this job, not even a desirable location in London or a nice office.

Cons

A lot of lying If you are applying for the junior 'broker' role you are essentially cold calling for 6 to 12 months, with no help or training. You're given a trial where you cold call for two days, but I was told that was 10% of the job and the role is varied, this materialised to be another lie from the company. My first day entailed me, and the following every other day, googling businesses which you think could trade foreign exchange and call them up under a different business name to hassle for the contact details of the finance manager. At this point the 'lead' is then stored for you to call in the late future. You are given a buddy which I thought was a nice idea, but they're not a buddy at all they are there to micro manage you. They do not speak to you in a friendly manner, they raise their tone and tell you that you're not good enough. You are also forced to stand up and speak on the phone for some bizarre reason. Training isn't provided within your working hours, so you will do 7 hours off cold calling businesses who unfortunately have already been spoken to 10 times that day, the FX market is very saturated. So unpaid training, expected to create lists at home for businesses to call even though they have software to do so for you which was weird to see they don't empower you to do your best. You have to meet certain call times which are difficult when you are researching and cold calling people with phone calls lasting averagely 1 minute as they're not interested, meaning by their standard you are meant to speak to 400 people, if you do not then you will not receive a lunch break... No one is really that friendly, and you will not really be trading. They have someone to do the options trading. You are told that their competitors inflate the real earning potential so you can trust them you will make 30k in the first year. You will not, you will make 18k (if that, in your first year) I was told I would make £200 commission in my first month, however I wasn't actually allowed to create any business, just research clients and give off any big clients to those above as I was told it was a right of passage. You probably will not 'graduate' from their training as the juniors that were on my team had been there over a year, it's not a time scale, it's how much money you make for them.

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Currency Solutions Response
8y
Thank you for your feedback it all helps to build a better company for everyone involved so despite it being rather negative, I prefer someone providing a review whether its good or bad. We do explain to all candidates interested in joining that this is one of the most competitive industries out there and it takes a lot of hard graft to be successful. As for training, this is not unpaid. Phones are down at 5pm and you get at least 1 hours training per day on the area you are struggling with, the office is shut at 6pm so there is no possibility of you being trained outside of office hours. I have to say, I believe you have judged both us and the industry before really giving it a go. There is only 1 candidate who left us in the last 6 months so I know you were only here for 1 and a half weeks and did not stay around long enough to actually progress through the training or even for your training to actually start. I can't stress more before anyone starts just how difficult the industry and the work can be. All brokers trade their own customers, however as you have highlighted they are not legally able to sell or advise on options unless you have CF30, so it was never a possibility for you to trade on options, you would have course understood this if you stuck it out and attended the training. In terms of commissions - obviously this is based on actually on boarding customers, obviously you are not going to make commission if you do just 1/3 of the work everyone else is doing. Unfortunately it sounds like you have had a terrible opinion of us and the markets because you never applied yourself or committed to the hard work we discussed at your interview. In terms of the ld reception from your team leader and the team, it is very difficult to open up and build a relationship with someone who did not want to be here from day 1, so I would imagine if you want a warmer reception in your next company, then it might be best to make more of an effort with your new coworkers, and stick around for longer than a couple of weeks and not give up before you even came up to the first hurdle. I hope if you take anything away from this its that your views will be very different to almost everyone else who works here because you didn't try from day 1. A company can only be as good as you make it, if you put no effort in people around you why would you expect them to make the effort with you? I hope whatever it is you want to achieve in your career, you get every success out of it, and if you want a more in depth conversation on the things you will need to change moving forward, please dont hesitate to give us a call.

Explore other reviews about Currency Solutions

4.0
9 Mar 2025
Recommend
CEO approval
Business outlook

Pros

I really liked my bosses/managers, they were very supportive and very understanding. The people are nice.

Cons

A lot of pressure in the role, so it isn't for everyone, so there's a high turnover but its a tough role, and quite technical. Salaries are low, especially for London. You don't get many breaks, its very strict and intense. The company is good, but the actual role I found very difficult.

2.0
1 June 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

They pay you on time

Cons

The CEOs and leadership could be the least professional people to ever exist.

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