FXCM - Okay | Glassdoor
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There are newer employer reviews for FXCM

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Helpful (5)

"Okay"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Operations Associate in Dallas, TX
Former Employee - Operations Associate in Dallas, TX
Doesn't Recommend
Disapproves of CEO

I worked at FXCM full-time (More than 5 years)

Pros

I met some really great people here who have become lifelong friends. You receive great exposure to the financial markets and have the opportunity to learn about forex.

Cons

Salary is below average compared to most of the other companies in the same industry. There is low employee morale. There is no job security. The company is very bureaucratic and there is a high level of nepotism. Employees are hardly rewarded for successes, but are immediately reprimanded for even the smallest error. High turnover rate.

Advice to Management

Place more value on one of the most important assets of a company - its employees. Many good employees left on their own due to low morale.

Other Employee Reviews for FXCM

  1. Helpful (2)

    "Long time employee"

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

    I have been working at FXCM full-time (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 Management

    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


  2. Helpful (2)

    "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I worked at FXCM full-time (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 Management

    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.

There are newer employer reviews for FXCM
There are newer employer reviews for FXCM

See Most Recent

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