There are newer employer reviews for FXCM

2 people found this helpful  

Long time employee

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

I have been working at FXCM full-time for more than 5 years

Pros

1. The people around you are very intelligent. It is a pleasure working with a group of evry intelligent and capable people. Some managers are truly amazing.
2. You learn the ins and outs of the FX industry.
3. This job is a spring board to other jobs in the industry and within finance.
4. Young people are promotoed often and you have the ability to learn a lot about management.
5. If you have been at the company for a long time, no doubt your position may have changed 3-4 times so you have the opportunity to try out multiple roles.
6. If you have been at the company for a while, you may have had the opportunity to work out of a different office/country/relocation option.
7. Truly open door - you are free to speak to anyone - including the CEO.

Cons

1. As the company has grown, the close knot environment has vanished. Many people feel that they are just a number and the company may not always be loyal to them.
2. Because many managers are very young - a few years out of college - their ability to manage is sometimes poor. Oftentimes you have very nitpicky goals that do not represent your work and your value to the firm.
3. Salaries are not competitive within the financial industry.
4. Things change very quickly - which can be a pro at times - but for the junior employee it can be very frustrating because benchmarks/requirements/standards are constantly changing. You are often told one thing but then judged on something completely different.
5. Culture top down is to manage via negative reinforcement. They don't do this on purpose but because they are so ambitious and set such challenging goals, they are reticent to ever give positive feedback. It's always about what you can do better . WHile this works for some - this is not very encouraging for many employees.

Advice to ManagementAdvice

Focus on your talent. Employees are the most important thing about a company.
Hire outside management that have experience
Standardize development/training procedure across the company.
Maintanance is just as important as launches of new ideas/products

Recommends
Approves of CEO

124 Other Employee Reviews for FXCM (View Most Recent)

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  1. 2 people found this helpful  

    Vice President

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  New York, NY
    Former Employee - Vice President in New York, NY

    I worked at FXCM full-time for more than 5 years

    Pros

    FXCM is a great spring board for your next career. Hard-working people are given the chance to prove themselves in rolls that are beyond their experience level.

    Cons

    Employee churn is many departments is quite high. Because insiders are promoted to management and senior rolls, little outside talent is hired which would bring in valuable outside knowledge. People working at FXCM come to believe that the FXCM way is "normal".

    Advice to ManagementAdvice

    The industry is rapidly changing, but the business goals and directions seem to change far more quickly; staff are often directed to chase the newest "company changing" idea of the week.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Horrible, Do not work here if you have any self value

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Compliance  in  New York, NY
    Current Employee - Compliance in New York, NY

    I have been working at FXCM full-time for more than 3 years

    Pros

    It is a good place to get entry level experience however be careful as it does not have a good name and if you want to move on other financial institutions will not identify with the firm.

    Cons

    Salary and working conditions are sub par. You are not treated well and there is no form of recognition whether it is via compensation or via other means.

    Advice to ManagementAdvice

    Learn how to manage talent and work on promoting a more positive environment.

    Doesn't Recommend
    Negative Outlook
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