OANDA Reviews

Updated 24 April, 2015
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2.2
35 Reviews
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Edmond Eger III
12 Ratings

Employee Reviews

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  1. Supervisor

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

    I have been working at OANDA full-time (More than 5 years)

    Pros

    Great people to work with, team mates intelligent and hard working

    Cons

    Senior Management lacks direction and understanding of the market and customer base

  2. Helpful (1)

    Once great but no longer

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

    I have been working at OANDA full-time

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    As others have pointed out the biggest pro is the one free lunch per week plus breakfast if you're in early on Monday or pizza if you're in late on Tuesday.

    It used to be working with really intelligent people in a great environment and solving interesting challenges but that none of that is true any more. Almost all of the best people are gone and now the biggest challenge is making more money at any cost.

    Cons

    Staff demoralized, the so-called "exco" is confused about direction and the ceo is telling the board and the employees what they want to hear rather than steering the company in a good direction. Lots of talk about how the company is an industry leader but it's now a follower in every way including bad directions especially for the clients.

    Advice to Management

    The company is proud of its previous lead in technology and focus on client fairness being called the "white knight" in the industry. That's all been thrown away and is only paid lip service to as the company has now become like all of the competitors. It's marketing and sales heavy and the best technical people have left. Special pricing for clients depending on who or where you are or how much money you might make us means that we're no better than our competitors.

    If you really want to change the future of the company focus on what made the company great rather than the recent trend for profit chasing.

  3. Helpful (1)

    Software Engineer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Engineer in Toronto, ON
    Former Employee - Software Engineer in Toronto, ON

    I worked at OANDA

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Full of smart developers and great people to hang out with.

    Cons

    A couple of their applications have old codebases that are a pain to work on.

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  5. Helpful (1)

    IPO pipe dream

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

    I have been working at OANDA

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Lunch, breakfast, pizza...... what else?

    Cons

    The "executive committee" is made up of the most ego-centric people i have ever met. The focus is on an IPO and they have taken the company away from the path that made it great. The company has become an experiment for venture capitalists and their cronies that now occupy senior positions. If you're not brown nosing them, you're pretty much a goner.

    Oanda is merely a crumb compared to GAIN Capital or FXCM who make more in a quarter than this company makes in a year. IPO? yeah right.

    Advice to Management

    Keep it real and tell employees what's really happening. The town-hall meetings give us sugar coated information.

  6. Horrible place to work!

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

    I worked at OANDA full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Once a great company. Some very talented people working there but the talent is dwindling. Free lunch a couple times a week I guess is the best pro.

    Cons

    Management unfit for their positions. Very abrasive, rude and self entitled leaders if that's what you call them. Status is more important to senior management than the team working for them.

    Advice to Management

    Support your employees!!!

  7. Helpful (3)

    Nothing to see here, move along

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

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    This company is very open minded in terms of technology. Its academic roots foster creativity.

    Cons

    You will almost certainly not get ahead here unless you are an old friend of management. Salaries are firmly middle of the road, benefits are very basic and after multiple changes in administration and rounds of layoffs, the staff is demoralized and management is isolated and confused.

    The very small group that occupy the core of this company and stand to gain from the long-awaited hockey stick in the profit graph and the resultant IPO have stood before us and said, with absolutely straight faces, that getting a job at Google is a bad idea.

    Advice to Management

    There is no risk of OANDA's management accepting advice.

  8. Helpful (3)

    terrible company

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

    I worked at OANDA

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    some intelligent people. Cool office.

    Cons

    management not smarter than employees - please take a pay cut if you are worth your value

    Advice to Management

    cut your pay if you truely think this company will grow....otherwise you are just milking it because you know you won't get paid the same elsewhere

  9. Helpful (3)

    Headed for failure

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

    I have been working at OANDA full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Free drinks and lunch. That's about it. I am really having a hard time thinking of anything positive to say about this operation.

    Cons

    Management is highly incompetent, poor decision making, even worse leadership. There is a major disconnect between departments. Hard work is not rewarded. Also close to 40% of the company was laid off in 2014.

    Advice to Management

    Thanks for ruining what was once a great company.

    Advice to anyone thinking of working here - look elsewhere.

  10. Helpful (1)

    A company in decline headed for bankruptcy

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

    I worked at OANDA full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    lots of food and beverage and some party perks that are not appreciated by staff based on comments to the person who arranges food/beverages

    Cons

    Management worst I have seen like to promote from within which is great if within has any talent they don't huge issue between software company or financial company engineers think software rest think financial. Money when profitable (not in any month in 2014) comes from being a trading company not from selling software which sounds like a financial company to me? Two rounds of downsizing so far in 2014.

    Advice to Management

    find a buyer or close shop current plans require massive expense cuts (30%) and market good not great market performance to break even. Do you need engineers when cheaper 'coders' from college can likely be more productive in most positions.

  11. Great people, management not great in some places

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

    I have been working at OANDA full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Free drinks and lunches and snacks. The people are great and historically, OANDA has been really good at keeping talent and treating their people well.

    Cons

    A significant amount of volatility in the company and almost no career growth opportunity within the customer service department. There is definitely a cultural divide and this causes many misunderstandings

    Advice to Management

    Find out who the valuable people are and trust them.

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