OANDA

  www.oanda.com
  www.oanda.com

OANDA Reviews in Canada

Updated December 1, 2014
Updated December 1, 2014
26 Reviews
2.3
26 Reviews
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Edmond Eger III
8 Ratings

19 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Headed for failure

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations in Toronto, ON (Canada)
    Current Employee - Operations in Toronto, ON (Canada)

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

    Pros

    Free drinks and lunch. That's about it. I am really having a hard time thinking of anything positive to say about this operation.

    Cons

    Management is highly incompetent, poor decision making, even worse leadership. There is a major disconnect between departments. Hard work is not rewarded. Also close to 40% of the company was laid off in 2014.

    Advice to ManagementAdvice

    Thanks for ruining what was once a great company.

    Advice to anyone thinking of working here - look elsewhere.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    A company in decline headed for bankruptcy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Toronto, ON (Canada)
    Former Employee - Anonymous Employee in Toronto, ON (Canada)

    I worked at OANDA full-time (more than an year)

    Pros

    lots of food and beverage and some party perks that are not appreciated by staff based on comments to the person who arranges food/beverages

    Cons

    Management worst I have seen like to promote from within which is great if within has any talent they don't huge issue between software company or financial company engineers think software rest think financial. Money when profitable (not in any month in 2014) comes from being a trading company not from selling software which sounds like a financial company to me? Two rounds of downsizing so far in 2014.

    Advice to ManagementAdvice

    find a buyer or close shop current plans require massive expense cuts (30%) and market good not great market performance to break even. Do you need engineers when cheaper 'coders' from college can likely be more productive in most positions.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    The Truth from a Marketing Employee

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Marketing in Toronto, ON (Canada)
    Current Employee - Marketing in Toronto, ON (Canada)

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

    Pros

    free lunch twice a week
    not much else

    Cons

    Have you ever worked in a place where your manager was COMPLETELY CLUELESS? Welcome to Oanda's marketing team. Don't let the LinkedIn profiles fool you either, there's no 'Director-level' skill here. The sad part here is that I'm not even trying to be mean. When your creative director pulls out a ruler to measure pixels, you've got a SERIOUS problem!

    Advice to ManagementAdvice

    Go find a new job, one where you actually can contribute instead of holding the team back with your astounding level of ignorance.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

    Disrespect the people who works there. Senior management sucks!

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

    I have been working at OANDA full-time

    Pros

    Casual culture. People who works there is very smart and cool.

    Cons

    Unable senior management. .
    Unable communication between management level and their staff.
    .

    Advice to ManagementAdvice

    Stop wasting time on politic and fight for your personal benefits but really do set down and listen what your staff is thinking.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 4 people found this helpful  

    Once great company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at OANDA full-time

    Pros

    - Casual, open environment, but becoming less so as company tries to grow
    - Decent benefits and vacation time
    - Strong, but unfortunately shrinking group of lower to mid level experienced, intelligent employees
    - Decent technology

    Cons

    - Employees who actually get meaningful work done and try to help the business are mostly lower level/lower paid
    - Too many mostly useless upper level employees compared to those lower down who actually know what's going on and do the work
    - Has gone from lean and profitable to overstaffed and disorganized
    - Seems to be all about appearance now, no substance

    Advice to ManagementAdvice

    Too many new, overpaid, higher level employees that have very little knowledge of the company or business. Try listening to the good, longer term employees who built a strong company. Currently being destroyed by new ownership/board, and executives with a lot of bad ideas

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    A good company gone bad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Engineer in Toronto, ON (Canada)
    Former Employee - Software Engineer in Toronto, ON (Canada)

    I worked at OANDA full-time

    Pros

    Good environment and friendly people. If there is one team that I would recommend joining, it would be the mobile team. It's awesome participating in hackathons and other social events. Free lunches twice a week.

    Cons

    There are more managers, Directors and VPs on a project than actual developers who can do the work. I hear the company went from a very flat structure to another extreme. I also can't say people are passionate about their work. It seems many are there to do their day-to-day job without putting in any extra effort. Good luck dealing with HR, it's all about pleasing the agencies. I see lots of pain and transformation for this company if it has any chance of succeeding.

    Advice to ManagementAdvice

    The targets for the year are unreal and everyone knows that. Sr. Management has not explained how is it even possible to achieve them for two years in a row. Get some good recruiters and stop using agencies and contractors. There is no culture of transparency at all.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 6 people found this helpful  

    i will tell you what is actually happening here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Toronto, ON (Canada)
    Current Employee - Anonymous Employee in Toronto, ON (Canada)

    I have been working at OANDA full-time

    Pros

    rock-solid technical infrastructure, well-oiled money making machine 24/7, the money machine is so well tuned that it's almost impossible to break it

    Cons

    new incompetent senior management team, i.e. K Duker and the suckups, who don't actually know anything about the business. glad they are finally being fired by the board. hopefully the new CEO can patch the wounds. yet to be seen.

    Advice to ManagementAdvice

    It took 10+ years of financial research and hard core software development to get the machinery to be where it is now. Even the incredibly incompetent K Duker was unable to destroy it. But he did manage to drive away, with his relentless BS, a lot of core employees who made the place what it is today.

    So, new CEO, don't pretend to know what you don't know like K did, and listen to your employees, because some of them know way more about FX marketmaking business than you do.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    management is terrible , coo is xxx

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Head in Toronto, ON (Canada)
    Former Employee - Head in Toronto, ON (Canada)

    I worked at OANDA full-time (more than an year)

    Pros

    good technology , not thing at all

    Cons

    very micro management from the ceo

    very unprofessional coo

    Doesn't Recommend
    Negative Outlook
  10. 3 people found this helpful  

    A mixed bag of an experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Engineer in Toronto, ON (Canada)
    Former Employee - Software Engineer in Toronto, ON (Canada)

    I worked at OANDA full-time (more than 3 years)

    Pros

    There are lots of smart, collaborative employees at OANDA. You are given a lot of autonomy and you can choose how you want to approach problem-solving since there are no prescribed methods. This also means, you are free to learn about and concentrate on subjects that interest you.

    Cons

    They are extremely disorganized. The management are poor communicators and it seems being aggressive and un-collaborative are prerequisites for becoming a manager. While most employees are great, the management makes it a very bad place to work.

    Advice to ManagementAdvice

    Lead by example, not with words. No more talk about world-class, just be world-class. Stop putting incompetent, aggressive jerks in management; it ruins the culture and the work environment. People need to have respect for their leaders to do their best work.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Time for a change

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Toronto, ON (Canada)
    Former Employee - Anonymous Employee in Toronto, ON (Canada)

    I worked at OANDA full-time (more than 3 years)

    Pros

    Company had brilliant developers, a great product.

    Cons

    environment was isolating and unforgiving

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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