Simplex Reviews

4.2

80% would recommend to a friend

(52 total reviews)

Erik Swanson

91% approve of CEO

87% positive business outlook

Simplex has an employee rating of 4.2 out of 5 stars, based on 52 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Simplex employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

52 reviews
1.0
May 15, 2015

Pathetic, Fake Reviews Below.

Recommend
CEO approval
Business outlook

Pros

Learning the basics of HFT, options.

Cons

Last time Simplex Investments used a marketing company to advertise via YouTube, a brand new website, and FAKE reviews such as the ones below (5 five star reviews all in March, haha), they attracted 20 or so young professionals who all were fired within 2-6 weeks of working there. It took me 3 months of rehab to restore my health after Simplex. I still have nightmares about this place. Their jerk owner (Matt) has the "what have you done for me lately?" attitude and will scream at you for no reason. Sexual harassment, unprofessional behavior, violent outbreaks are the norm. Your hair shedding all over the keyboard as you do your best to appease these monsters is expected. The whole company is based around extracting maximum value out of an employee in the shortest time possible - then instantly firing you. Senior traders who still work at Simplex are out there to feed off your youth, take all of your ideas, and give you no credit whatsoever. STAY AWAY. Only an unethical company would post fake five star reviews to continue leeching off young talent.

1.0
Sep 6, 2015
Recommend
CEO approval
Business outlook

Pros

Literally nothing besides the free lunch that they advertise nonstop.

Cons

Subpar managers, salary was around 30k when I left with promises of "year end bonuses" keeping the desperate staying on... only not to be delivered on. Absolutely terrible working conditions. Learned very little.

1.0
May 15, 2013

Just Plain Awful

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.

Viewing 1 - 3 of 52 Reviews

Glassdoor has 56 Simplex reviews submitted anonymously by Simplex employees. Read employee reviews and ratings on Glassdoor to decide if Simplex is right for you.