Interbank FX

  www.ibfx.com
  www.ibfx.com

Interbank FX Reviews

Updated August 1, 2014
Updated August 1, 2014
13 Reviews
3.6
13 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Gary Weiss
2 Ratings

Employee Reviews

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  1.  

    Not what it used to be.

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Services Manager in Salt Lake City, UT
    Former Employee - Client Services Manager in Salt Lake City, UT

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Enjoyed the company though the markets were brutal

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

    I have been working at Interbank FX full-time (less than an 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!

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Interesting and strange mix of people

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

    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 ManagementAdvice

    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.

    Negative Outlook
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  5.  

    Fun technology, great experience, fun people

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

    I have been working at Interbank FX full-time (less than an 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

    Recommends
    Neutral Outlook
  6.  

    It was mostly a positive experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Representative/Customer Service in Salt Lake City, UT
    Former Employee - Financial Representative/Customer Service in Salt Lake City, UT

    I worked at Interbank FX

    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 ManagementAdvice

    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.

    No opinion of CEO
  7. 2 people found this helpful  

    It has gone down hill...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Salt Lake City, UT
    Current Employee - Anonymous Employee in Salt Lake City, UT

    I have been working at Interbank FX

    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 ManagementAdvice

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

    Doesn't Recommend
    Disapproves of CEO
  8.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Former Employee - Anonymous Employee in Salt Lake City, UT

    I worked at Interbank FX

    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 ManagementAdvice

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

    Doesn't Recommend
  9.  

    Ok

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

    I have been working at Interbank FX

    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 ManagementAdvice

    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.

  10.  

    Amazing Growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Salt Lake City, UT
    Current Employee - Anonymous Employee in Salt Lake City, UT

    I have been working at Interbank FX

    Pros

    The company is in an amazing growth pattern and indications are it will continue in that direction indefinitely. The Founder/President is incredibly kind as well as being an aggressive and talented entrepreneur whose drive and vision seems to know no bounds.

    Cons

    The company is in an amazing growth pattern and indications are it will continue in that direction indefinitely. As such, there are growing pains. As with any pain, if you survive it, you're stronger.

    Advice to ManagementAdvice

    Great Vision, great talent, great company... just increase communication to all levels.

    Recommends
  11.  

    Interbank FX: A Growing Company with an Excellent Work/Life Balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Salt Lake City, UT
    Current Employee - Anonymous Employee in Salt Lake City, UT

    I have been working at Interbank FX

    Pros

    Interbank FX is an amazing company. The growth opportunity is huge in this company. Even in this horrible economy, it is growing by leaps and bounds and continues to hire new employees in all departments. The CEO is a very kind person and it is a joy to work for him. There is definitely a "younger vibe" in the office that inspires a lot of energy. It is just so much fun to work there!

    Cons

    I feel that my salary is low for my position, given my credentials and the average salary for my position in the Salt Lake market. Yet, people in other "key" departments seem to be making a ton. I also feel that the workspace is a little cramped. There are a lot of cubicles, but the walls are very low, so you can hear a lot of noise and it can sometimes be distracting. Not enough people have offices and there are just too many people populating a relatively small space. The office is currently expanding, so it is possible that this will no longer be an issue.

    Advice to ManagementAdvice

    Job well done. Any problems that we are currently experiencing are, in my opinion, simply growing pains. Thanks for making this a great place to work!

    Recommends

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