Just Plain Awful - Trader Simplex Employee Review

1.0
May 15, 2013
Recommend
CEO approval
Business outlook

Pros

The management is cool and the developers are extremely talented and friendly. The prop software they have developed is nothing but the best. ONLY go here if you back your own account.

Cons

Sadly, that's where the pros stop. I spent some time here a while back and the traders who work here are a despicable bunch. I couldn't believe the amount of trash talk and obvious backstabbing that was actually allowed. They want trading ideas, but when you provide them, someone else takes your idea and claims it as their own, and gives you no credit whatsoever. They also love to leave their email chat up just so you can see them talk about you behind their back. A fine way to develop trust between coworkers. There's NO upward mobility and the turnover rate is astounding. Look at prior reviews. Every graduating class they bring in new traders just to let them go (conveniently right before bonus time) as the next wave of college grads come in. You think that many reviews could be wrong? They aren't. The pay is also insulting; you could easily find another trading firm that will ON AVERAGE pay you double. Be wise and look elsewhere. Oh, and forget about their business outlook. Once they can't get any more speed, this place is toast. No matter how pretty you wrap your lump of coal under your Xmas tree, it's still a lump of coal.

Explore other reviews about Simplex

5.0
Apr 9, 2025
Recommend
CEO approval
Business outlook

Pros

precise technology development freedom to generate profit with personalized strategy transparency in all aspects of structure

Cons

no cons directly related to Simplex. Any cons would be about choosing to be a trader specifically ie stress management, no residual income.

5.0
Jan 19, 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Working at Simplex Trading in Chicago is an incredible experience! The company fosters a collaborative and dynamic environment where innovation is encouraged, and everyone’s contributions truly matter. The flat structure also keeps bureaucracy to a minimum, allowing work to be done at a rapid pace.

Cons

None that I can think of.

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