Interbank FX Reviews

Updated July 22, 2015
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3.6
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Gary Weiss
3 Ratings

15 Employee Reviews

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  1. My Review

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Representative in Salt Lake City, UT
    Former Employee - Sales Representative in Salt Lake City, UT
    Recommends
    Neutral Outlook

    Pros

    Great place to work and with great people.

    Cons

    There aren't enough options around to eat lunch.


  2. Software Engineer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in Cottonwood Heights, UT
    Former Employee - Software Engineer in Cottonwood Heights, UT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Great crew at IBFX. Times two! Freedom to pursue ideas.

    Cons

    Frantic busy. Always hair on fire.

    Advice to Management

    Stop chasing shiny new objects. Work on stabilizing infrastructure.


  3. Not what it used to be.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Senior Management
    Former Employee - Client Services Manager in Salt Lake City, UT
    Former Employee - Client Services Manager in Salt Lake City, UT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Parking lot is just 25 minutes from Snowbird parking lot.

    Cons

    It is no longer InterbankFX having been acquired by Trade Station a couple of years ago. Word is that it isn't the place it once was and working there is very tiresome.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Enjoyed the company though the markets were brutal

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - International Sales Manager in Cottonwood Heights, UT
    Current Employee - International Sales Manager in Cottonwood Heights, UT
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Interbank FX full-time (Less than a year)

    Pros

    great people, interesting market, open to ideas. New management at the time (TradeStation) was open to exploring all options in stepping up our game.

    Cons

    difficult market conditions (at the time, heard they've improved) which directly affected performance and hence morale. If market volatility was up, things would have been much better!


  6. Interesting and strange mix of people

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Lead Software Engineer in Salt Lake City, UT
    Current Employee - Lead Software Engineer in Salt Lake City, UT
    Negative Outlook

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

    Pros

    Updated technology, fun people. You can grow and learn new things. Plenty of opportunity to push for improvement. The team is very cohesive and we're able to accomplish hard goals.

    Cons

    Many good, smart people, but the talent pool is imbalanced. There are key positions filled by those lacking the correct experience while others who could fill that role better are left at the bottom. Compensation is also very skewed. New employees seem to be able to demand top of the line salaries while those who have shown dedication to the company have to fight and are often denied raises.

    Advice to Management

    Before scrapping to meet the salary demands of a new hire ask yourself if you're still paying market rates for all of your current employees.


  7. Fun technology, great experience, fun people

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in Salt Lake City, UT
    Current Employee - Senior Software Engineer in Salt Lake City, UT
    Recommends
    Neutral Outlook

    I have been working at Interbank FX full-time (Less than a year)

    Pros

    Interesting architecture and work. GREAT experience in financial and stock market fields

    Cons

    Not huge opportunities for advancement No clear path/guidance on what to work on next


  8. It was mostly a positive experience.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative/Customer Service in Salt Lake City, UT
    Former Employee - Financial Representative/Customer Service in Salt Lake City, UT
    No opinion of CEO

    Pros

    The pay is good, the company just sold recently to Tradestation so this may be a good move for them, probaly more growth potential. At the time I was there the training was basically on your own but it may be more positive now. The company started small and had tremendous growth and also the turnover rate was strange. Alot of politics at this company. Customers were great but had questions we couldnt answer because we were left in the dark along with the customers.

    Cons

    Very political, managment played favorites. The office desks are set-up so your right next to your neighbor, they hear everything you say and vice versa. The mix of people was strange, you had very young inexperienced people doing management jobs. Very experienced people were not promoted just given more work to do. The whole place was one big secret, I never knew if what I told the customer was the exact truth because management didnt communicate with reps very well. It could also be growing pains? Overall it just seemed like one of the strangest places I ever worked at.

    Advice to Management

    When new information about the company or market is released (good and bad) you need to communicate to the reps asap. (not just send an email) Sometimes the customers knew more than us. Don't hire people based on how they appear on the outside, find out what they know about the financial markets and what they can bring to the company. (what can you learn from them) Find out why some reps do most of the work all day while others watch movies online all day.


  9. Helpful (2)

    It has gone down hill...

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Salt Lake City, UT
    Current Employee - Anonymous Employee in Salt Lake City, UT
    Doesn't Recommend
    Disapproves of CEO

    Pros

    My direct supervisor is great.

    Cons

    Interbank FX was once a great place to work but it has really gone down hill. The CEO doesn't give any direction and is not involved with the employees or the company. The IT department is a mess and no one seems responsible for ensuring the company is operating appropriately.

    Advice to Management

    Act like you care about employees and the company. Have a vision and stick with it.


  10. If you are pursuing a career, Interbank FX will not be your choice.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Doesn't Recommend

    Pros

    Forex is an interesting subject. You will learn something you might never hear before. The company also offer competitive benefit.

    Cons

    Company is small, not as many opportunities for promotion as big companies. compensation is low. Management is poor and unorganized.

    Advice to Management

    Establish a more stable policy. Better communication skills with employees. Provide pay raises and bonuses. Re-evaluate current management and their educational background.


  11. Ok

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

    Pros

    Some opportunity to advance, depending on your department. There is decent mobility between departments. Normal hours, looks decent on a resume.

    Cons

    Since this is a young company some of the management seems inexperienced. Workload greatly differs between departments. Company has had some issues with violations.

    Advice to Management

    Some of the management is incredibly unprofessional when dealing with other employees and management. Listen to your employees, many good ideas have not been implemented.



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