Worse of the worse trading firm ever - Anonymous employee XY Capital Employee Review

1.0
Aug 24, 2021
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You can experience one of its kind which, the tech team is led by all junior workers who have little to no experience; Very easy to get promoted because your supervisor will probably resign soon or later. You could also have a chance of going to work at 5 AM in the morning, give you a healthy lifestyle of waking up early.

Cons

All seniors are left including the CTO, the whole company consists of a bunch of amateurs who think they know it all and execute without knowing the consequences, or they know nothing and refuse to do anything. We spent time and trying to get talented people to join, and it was rejected by the CEO due to the reason of being "too expensive", randomly hiring incompetent workers just for the sake of filling up the office space. Free breakfast and lunch are either very low-end meals or gives you diarrhea. 50-70% of your time will be in the meeting room, because CEO has a difficult time understanding any concept, really no different than talking to a golden retriever. When you try to make a difference, the CEO will listen to you and refuse to move forward. Your project direction will be based on daily liking from the CEO, yesterday's agreement doesn't mean it's valid for today, constantly battle with what exactly you should do next. Since the CEO doesn't understand and doesn't want to understand technology, everything will be banned, WFH? VPN? Mobile email access? all banned. Laptop assignment? not exists. Cybersecurity is a big thing in XY, CEO eyes will turn shiny when your project is related to cybersecurity. CEO always said "it's not a trust issue" because you can't be trusted, he is so afraid of people stealing the company's secret, which is worth really close to nothing given the fact that the profit dip to a historical low. You will have a chance of coming to work at 5 AM in the morning due to other regional markets still open, it's particularly harsh on the trading operation team, with a lot of manual check and validation, zero automation in place; There was hype on automation in the company, but everyone involved into that subject already left the firm for good. One of the most heard complain is medical insurance, I heard people who have family complain the medical doesn't cover their family members, and the personal medical plan is also below average, basically trying to cut corners every time when they have a chance. You will be treated very close to a slave. Another complaint is the size of the company desk, I can guarantee your home desk will be bigger than the office desk, the office chair is as cheap as you can get, very uncomfortable and dangerous of flipping when rolling on the floor. Have you heard about in-office boat trips? Yeah, we just had one not long ago, sitting in the office is the same as going out to the sea on a boat right? (At least that's what the CEO thinks). If you are planning to join, make sure you put your employment contract to a lawyer to review first, XY will try to screw you up, for example, part of your bonuses will be forced to invest into XY pool, when you want to withdraw, 30-50% fee will be introduced before you could even see your money, which means your money will cut in half. Another term to be careful would be the term when you want to leave XY, noticing period will be 3 months, but 9 months isn't abnormal depends on your seniority, then another 6-8 months non-compete period, which makes it very difficult to find a new job. All the recent resignations are joining the cryptocurrency market to avoid non-compete restrictions. Oh, good luck with getting your compulsory investment back due to the recent dip in profitability. You will also have a chance to work in the UK office, but XY has no compensation for the increase of income tax between the UK and Hong Kong, so your take-home money will be a lot less than working in the Hong Kong office. XY will be game over if they don't replace that incompetent CEO, who wants to be in charge of the technology team without knowing technology itself. P.S: XY logo changed already, and the company obviously doesn't care to change it on Glassdoor.

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5.0
Aug 10, 2023
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CEO approval
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Pros

The bathrooms were very nice

Cons

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4.0
Feb 10, 2019
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Pros

Good hardware and free snacks

Cons

low pay and nobody really cares about you

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