FXCM Reviews

1. MICRO MICRO management : When I say this, I really mean it. I saw the reviews here mentioning about this and didn't give them much importance thinking it wouldn't really affect me but I was wrong. The micro management at FXCM will ruin your life at work and it will affect every employee. All the other Cons are a result of this. You basically need to almost function like how they exactly want you to. I felt that the management's focus was on employee's way of doing the tasks by overlooking the results that are actually beneficial to the company. 2. The management doesn't really take any ideas/suggestions for improvement. My ideas have been appreciated when given but no follow ups were provided on them and they weren't implemented either. 3. There is tonnes of favoritism here. That at least is basically how my team's(AML Compliance) managers function. 4. Underpay but I won't give this that much importance. 5. Oh yea, I never saw the concept of one on ones here. There used to be three on one every other week though. 6. The process training is disgusssting to be honest. No formalized training material is provided.

FXCM doesn't match on their 401k. The company has taken a horrific nose-dive recently on the NYSE. If you aren't close with management (part of the cool kids' group) then there is no room for advancement in your career, regardless of whether or not you work your tail off or how much better you are than your peers. Some people in management are less mature than they should be and tend to verbally assault their team members when they make a mistake. Overall, IT is more reactive than proactive here, so be ready. While the work schedule is flexible, your Friday nights will belong to FXCM and possibly even your Saturdays and Sundays. Being on-call is mandatory, so be prepared for numerous occasions where you wake up in the middle of the night. And if you plan to take a company phone, be prepared that you are REQUIRED to answer a text/call regardless of what is going on in your life. Management tends to think they are "bleeding edge" but they are naive and ignorant here, as I'd say they are about 5 years behind other financials when it comes to technologies and having the intelligence to implement them.