FXCM

www.fxcm.com
There are newer employer reviews for FXCM

3 people found this helpful  

Disappointing career move

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Operations Associate in Dallas, TX
Current Employee - Operations Associate in Dallas, TX

I have been working at FXCM full-time (less than a year)

Pros

-Team members are friendly enough
-They offer the opportunity for people with little to no experience to get their foot in the door of the financial industry

Cons

-There is no opportunity for growth
-Productivity matrix puts extreme pressure on employees and causes them to make mistakes... then the errors are reported and used against the employees
-Management can't be bothered to even talk to the employees, much less guide them
-Salaries are much lower than the industry standard and bonuses are held over employees' heads
-Quarterly performance reviews for associates that include review of errors and anonymous peer feedback

Doesn't Recommend
Negative Outlook
No opinion of CEO

129 Other Employee Reviews for FXCM (View Most Recent)

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  1. 6 people found this helpful  

    Total Unprofessional Employees Work Here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FXCM full-time

    Pros

    Nothing positive to say about this company or its employees

    Cons

    Contentious, arrogant and rude management. Would discourage anyone from doing business with this company. Is not truthful and like to disparage people.

    Advice to ManagementAdvice

    Take some lessons in professionalism and respect.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 5 people found this helpful  

    You will feel like you are back in high school...and NOT in a good way!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FXCM

    Pros

    Some flexibility to work in different departments/ locations - employees are able to apply to/ change departments relatively easily and some also have the opportunity to travel/ transfer to different office locations.

    Cons

    Nepotism/ favoritism will determine your $/ promotions not how hard you work or your actual productivity.
    Salary VERY low for industry, dental & medical plans are mediocre at best, 401K here will NEVER be matched.
    Arrogant managers that are usually a few years out of college, they would barely be qualified to work at staff level positions at other companies.
    MD/VP level positions are allowed to laterally transfer to other departments so in many cases entry level staff has more knowledge of that area of business than their manager.
    Co-workers are miserable and act like zombies, most would not even speak to each other in breakrooms or elevator and live w/ their ipod headphones on - employee morale is non-existant!!!
    Very dog eat dog, no one here can be trusted, every employee out for themselves not a unified working environment.
    HUGE turnover in the past few months of long time employees (6+ years w/ company)
    The only employees who have any job security here are related to the partners...
    Disconnect between departments since they are managed by many different partners - feels like seperate businesses not a unified company.

    Advice to ManagementAdvice

    You once prided yourselves on being a "mom & pop/ family oriented" company, since the IPO that has ALL gone out the window, maybe focusing on those beliefs and realizing that your employees ARE your company will help resolve some of these issues - although most managers are too busy micromanaging to notice the bigger picture!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
There are newer employer reviews for FXCM

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