OANDA Reviews

Updated Jun 24, 2020

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2.5
30%
Recommend to a Friend
61%
Approve of CEO
OANDA CEO Gavin Bambury (no image)
Gavin Bambury
5 Ratings
Pros
Cons
  • "Status is more important to senior management than the team working for them(in 6 reviews)

  • "Whoever on the board that made that decision, should also be removed from decision making duties(in 5 reviews)

More Pros and Cons
  1. "Good company"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Engineer in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at OANDA full-time for less than a year

    Pros

    Food great work life balance

    Cons

    Nothing I can think of

  2. "Dynamic"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Manager in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at OANDA full-time for more than 5 years

    Pros

    Good access to career progression

    Cons

    Like most organisations, HR is the weakest area.

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  3. Helpful (7)

    "People are nice mid management horrible"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I have been working at OANDA full-time for more than a year

    Pros

    free bfast once a week, free snacks, free lunch once a week.

    Cons

    no growth. if you are ambitious just do not work in this company. low pay. and your opinion as an employee do not matter to your boss.

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  4. Helpful (5)

    "Lack of caring"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Toronto, ON
    Doesn't Recommend

    I have been working at OANDA full-time

    Pros

    Work-life balance. You can choose between working an extra hour on your project or not, and whatever you do it doesn't make a difference in the outcome so you might as well not work hard.

    Cons

    This company has the least caring upper management I've ever seen. Yes that's a stereotype but the Toronto team at least understands/cares very little about the way their own company/business works and is very out of touch. The place is basically held together with duct tape using cheap/temp coops to hack legal/regulatory knowledge straight into the codebase and filling most leadership positions from outside. The only thing that matters is pushing blame for your failures onto someone else, when everyone plays the game the hot potato just ends up with former employees who aren't around to fight back and nothing gets done. Of course there's little energy or effort to spare for understanding individual skills and interests of current employees or helping them advance towards their goals. If you just need job security where the pay sucks it will work, but long term this kind of disempowering working environment is bad for your career and your health.

  5. Helpful (1)

    "Everyone is trying hard to make things better"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Engineer in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at OANDA full-time for less than a year

    Pros

    - Many challenges and many problems to be solved in tech. A true engineer's playground. - New leadership team with genuine interest in growing the company - Backing by CVC who are investing in both people and technology - Growing, starting a new office aa well so this is the time to get in

    Cons

    - The scars from tech debt created over the last decade make you wonder if the systems and technology would ever improve. - Engineering is high majority of males - Most of the engineers who built the systems have left so it can be hard to find answers in some cases

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  6. Helpful (4)

    "friendly but low quality"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Software Developer in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I worked at OANDA full-time for more than 3 years

    Pros

    friendly work environment. Good office location.

    Cons

    Mostly junior low quality engineers due to unattractive pay. Unrecognized name and lower value on resume.

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  7. Helpful (7)

    "Toxic for Engineers"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Engineer in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at OANDA full-time

    Pros

    Free breakfast once a week.

    Cons

    This is a company that pretends to embrace many positive values but in practice is a horrible place to work.

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  8. Helpful (8)

    "Terrible work ethics"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Customer Service Associate in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at OANDA full-time for more than a year

    Pros

    free food on Mondays and Wednesdays

    Cons

    you are the robot that supposes to do what you've been told to do - nobody is interested in your opinion or suggestions you won't be included in any meetings, so you won't have any idea of what is going on in the company HR is almost nonexistent - no reviews, no follow-up feedback, and no HR processes were set up If you believe you can get promoted internally - NO, it's not possible Wages are low and annual growth max is around 3%

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  9. Helpful (9)

    "Dysfunctional team and old technology"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Engineer in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I have been working at OANDA full-time for more than 3 years

    Pros

    The company has developed a very reputable brand that stands for integrity in an industry that is full of bad actors Great downtown location and some good perks - breakfast and lunch catered once a week, beer keg and free snacks

    Cons

    Technology that was once leading edge is now old and needs a major overhaul. Management doesn't understand how to motivate and engage the team Lots of uncertainty and change since the CEO left in April New CEO is remote - based in London, UK Compensation is low versus other tech companies in Toronto

  10. Helpful (11)

    "Totally wasted a year of my life, pay wasn't worth it"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I worked at OANDA full-time

    Pros

    It's kind of like working in a big bank or telco. Most regular employees are cool, the company is stable, as long as the lights stay on it's super chill with hardly any pressure to do anything. If you don't care at all about growth opportunities or what you do for most of your day, you have no particular professional goals or principles you just want a job where you kind of sit there from 9-5 collecting some salary until one day you become a middle manager and you get to multiply your kind of sitting there pretending you're doing something important across everyone working under you, then this place will be great for you. But why not try harder to get into an actual big bank or telco, where at least the compensation packages are much better?

    Cons

    It's a ULC in a very conservative industry where the vast majority of traders lose money and some get very upset about it. Just like everywhere else the number one goal for all decision making and organizational policies is to shield management from liability and the consequences of their decisions. So you can safely ignore all the corporate virtue signalling, especially all talk about learning and growth - if given a choice between an 'ambitious thing', a 'right thing', and a 'safe thing' to do, the company will inevitably try to figure out what the 'safe' thing is, as long as 'no thing' isn't on the table anyways. All the things that make money here are well established, they say lots of buzzwords about themselves and how smart and innovative they are but nobody actually has any hunger to try and bring a new product to market or make meaningful improvements to a current offering, it's just failed attempts to revamp old systems and undelivered promises to "do it right this time" for years. Major decisions that actually affect direction or day-to-day work are made behind closed doors and make zero sense, bad projects that block progress for other teams and aren't going anywhere can't be killed or have their scope adjusted because they're just done for political reasons and the people behind them lack the humility to recognize and learn from failure. Things may be mostly alright within the small team you work with every day using whatever tiny bit of autonomy you have, but as soon as you step a little outside your silo things become extremely political and it's very much a "fall in line" and "disagreeing equals disrespecting" kind of environment, causing a lot of "elephant in the room" type problems to get ignored. Management is a club where if you're an insider you don't need to perform and you don't need to know the first thing about forex or tech or, you know, management. People who just wait to take advantage of politics and turnover to obtain titles well above their level of motivation/ability stand on insecure foundations, they need to make everything personal, they need yes-men to boost their status and that's the only way forward in this place. Most reasonably normal people will probably end up dragging themselves into the office, looking at the 'work' they're supposed to do if there even is any, seeing that it can't possibly benefit the clients and can't possibly benefit the company, you're not even a cog in some machine most of the time you just spend the majority your day working so your boss's boss can keep trying to grandstand in front of their boss's boss and get into the club. OANDA's been around a long time and leans heavily on its reputation, but almost everyone who cared enough to make it what it was left or were forced out years ago, smart people don't stick around and the situation now ain't no mere case of growing pains. Especially these days when Toronto is full of ambitious companies able to actually value you and guve you real work, you don't need to ignore the red flags and waste your time in a company like this where they just want help catching a ride on the success built by someone else that they don't understand.

Found 98 reviews