OANDA Reviews

Updated Aug 31, 2021

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Found 130 of over 143 reviews

3.0
54%
Recommend to a Friend
58%
Approve of CEO
OANDA CEO Gavin Bambury (no image)
Gavin Bambury
24 Ratings
Pros
  • "fixed working hour, work-life balance(in 8 reviews)

  • "most of the time a fairly relaxed work environment(in 8 reviews)

  • 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
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 5.0
      Current Employee, more than 3 years

      great company for the movers and shakers

      May 5, 2021 - Project Manager in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      If you are all for getting stuff done this is the company for it

      Cons

      benefits could be better, health and dental

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    2. 2.0
      Current Employee, more than 8 years

      Striving to do better

      Aug 3, 2021 - Developer in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Striving to do better and catch up with its competitors and the fast phase of the market. Still optimistic for better future.

      Cons

      Striving to do better and catch up with its competitors and the fast phase of the market. Still optimistic for better future. Has its pros and cons

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      1 person found this review helpful
    3. 1.0
      Former Employee, more than 1 year

      job seekers, avoid this toxic place

      Aug 14, 2021 - Anonymous Employee in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      1. It’s a global company, you can work with people in different time zones and with different cultures 2. Flexible work hours for most departments 3. In-office perks used to be good, free pops, snacks, meals etc 4. Most co-workers are nice and friendly, but you will also find everyone is super busy

      Cons

      1. A lot of positive reviews are either fake or written by new employees 2. The management team only cares about short-term benefits because of expectations from the owner. 3. Executives don’t have a vision, strategy and roadmap for the company. Whatever they think that can make money, they’ll do it without any cost/benefit analysis, and it has to be delivered ASAP. 4. Executives and senior leadership pushes very hard to get things delivered, they don’t care about employees mental health and physical health. Don’t expect you will get any support, instead they will push you harder and harder. They may pay you 10-20% more, but workload would be 50% more. Many people I know they work at least 10 hours a day. 5. Executives and most senior leadership don’t care about employees career development. They introduced a mentorship program just to keep some employees happy, but in reality they simply don’t care. 6. There is a blame culture here, what’s even worse is, when you get blamed, your leader won’t defend you. 7. Many teams here are structured so badly, and roles are not defined clearly. As a result, many people wear multiple hats and are responsible for stuff that should belong to other people. Like Project managers here are just meeting scheduling assistants. 8. Many people, especially some senior leaders, are tasked with work that they are not good at, which is one of the main reason for #7 9. The executives keep lying to employees and customers saying they care about their customers, but in fact they don’t. In summary, keep looking unless you desperately need a job.

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      3 people found this review helpful
    4. 1.0
      Former Employee

      Inhumane and socially irresponsible

      Aug 14, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Not much to share. They give you a good quality computer and they used to give free food and snacks in the office, not sure why people talk about this as a pro for work.

      Cons

      First of all do not believe any of the positive feedback given on glassdoor. It’s all 100% fake, and produced from HR. If you’re looking work for a company who’s purpose driven with a vision, keep looking. The company has no social purpose, it does more harm than good to everyone and everything involved. The company is so short term focused and this is what leads to impatient / aggressive / bullying behaviour and use of threats and humiliation to “motivate” us with zero respect for their employees, vendor partners and worse their clients. I can’t give real examples of bad strategic leadership here but when it comes to moral and ethical standards, they go way offsides. It’s public information: Search on Google for Oanda’s regulatory violations and you get just the tip of the iceberg. They don’t care about ethics or clients, and they sure as heck don’t care about you, your family of your health in any way.

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      2 people found this review helpful
    5. 4.0
      Current Employee, more than 5 years

      Remote work

      Jun 30, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good communicate to employees from EXCO's

      Cons

      There are a lot of projects going on and there are not enough time.

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    6. 4.0
      Current Employee, more than 1 year

      Good Tech Company

      May 27, 2021 - Software Engineer in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good culture and working environment. Work-life balance. Technology driven company.

      Cons

      There's no company QA team

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    7. 4.0
      Former Employee

      Great company

      May 11, 2021 - Product Designer in Markham, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - nice and friendly co-workers - social events - mentorship opportunities

      Cons

      - corporate work setting, can be slow at times

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    8. 3.0
      Former Employee

      Mostly Okay

      Apr 19, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Talented people, positive culture, flexible management. Pre-covid, office location, in-office perks (e.g. snacks, games, events, catered lunches, comfortable meeting spaces) and overall energy were great.

      Cons

      Difficult to negotiate even minor salary increases - expect several meetings and a lot of resistance. Poor inter-departmental communication on time-sensitive issues can foster high tensions on cross-functional projects.

      1 person found this review helpful
    9. 1.0
      Current Employee, more than 3 years

      Horrible management. Don't work for OANDA if you respect yourself.

      Apr 22, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      free shacks, hmm, that's pretty much it

      Cons

      Well, what can I say. The upper management cares only about the profits of the company and their own ambitions. No work-life balance especially during COVID. Nice people work at the company but the managers are way too incompetent causing a toxic environment. Low pay, low bonuses, no salary increase. After a couple of months working at OANDA people completely lose any interest or ambition. I hope someone from upper management will read that and maybe think for a second about what can be done to resolve a problem with incompetent managers in the company. Don't waste your time for this company, there many more places in the industry you can enjoy working at.

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      13 people found this review helpful
    10. 1.0
      Current Employee, more than 1 year

      Proceed with caution

      Apr 21, 2021 - Project Manager in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      There's some genuinely nice/interesting people who work at this company.

      Cons

      Most of the positive reviews on here are fake. Our HR department puts up fake reviews to bolster our well-deserved 2.4-2.7 rating to a 3.4. This is not a 3-star company. This is certainly not a 3.4-3.5-star company. This is the sort of company you work for when you've exhausted all other options, or your resume is lacking in work experience. Anyone worth their salt who falls into this companies' orbit will start planning for their exit shortly after being hired. You'll have one of two experiences at OANDA, you might be a doer or a sitter. If you're a doer, your role encompasses 3-4 roles, tough luck, you’re going to be underpaid and underappreciated. If you're a sitter, you hit the jackpot, that is if you don't have self-respect, career objectives - or care about how this company makes money or divides work amongst its employees. Spoiler alert, if you’re an engineer or developer you’re probably a sitter as you can get away with working an hour or two a day. Don’t worry, the people who manage you aren’t technical in anyway and have no idea what you do. You’ll be shocked a few weeks in when you learn this is in fact a profitable well-established company (30 years in the business) and not some VC backed startup. You might even start questioning yourself why everything you work on seems like it’s amateur hour. The answer is attrition, people who own the process don’t stick around long enough to maintain it. If you’re semi-established in your career and care about how companies make money and people are treated, hold on, another job offer will come, you can do better. This is a post VC acquired vulture pit where your job can be done by someone younger, cheaper, and likely not in the same country as you. It might seem like a great place to work for those in Poland, where most of our workforce now lives, but remember there is somewhere even cheaper than Poland to hire people. OANDA has no commitments to people or culture, it has commitments to capital and capital will determine where and when the next office is closed and opened.

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      10 people found this review helpful
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