Simplex Reviews

Updated Dec 14, 2020

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3.4
60%
Recommend to a Friend
93%
Approve of CEO
Simplex CEO Erik Swanson (no image)
Erik Swanson
13 Ratings
  1. "Good for Developers"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Developer in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Simplex full-time for more than 3 years

    Pros

    good work-life balance, good pay, interesting projects

    Cons

    messy codebase, some unpleasant traders

  2. "Excellent company for software developers"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Engineer in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Simplex full-time for less than a year

    Pros

    Lots of opportunities to work on what you want Everyone is extremely helpful and willing to answer your questions Your concerns are always addressed if you are willing to speak out Very little to no meetings at all. Perfect for developers who don't want to deal with bureaucracy and just work on their projects Many company sponsored events throughout the year Never have to take your work home as long as you do your work while you're at work

    Cons

    You're always allowed to take a break but it's difficult to do so when everyone around you is working so hard.


  3. Helpful (3)

    "Options Trader"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Options Trader in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Simplex full-time for more than a year

    Pros

    Best Technology and access to developers is great

    Cons

    Very high stress and the bar is set high for expectations

  4. Helpful (5)

    "So-so experience"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    No opinion of CEO

    I have been working at Simplex full-time for more than a year

    Pros

    Free lunch and snacks, but the snacks are primarily some of the unhealthiest junk available.

    Cons

    For the most part this place feels cold and unfriendly. There's very little camaraderie. The flip-side to the free food is that you feel like you can never leave your desk for a proper break.

  5. "Independent trader"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Trader 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Simplex full-time for more than 3 years

    Pros

    Plenty of in house analytics at our disposal.

    Cons

    The profit split kept moving in favor of management.

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  6. Helpful (1)

    "Good Place to learn"

    4.0
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    Former Employee - Anonymous Employee 

    I worked at Simplex full-time for more than a year

    Pros

    Good place to learn Work environment was generally young, hard working, intelligent people

    Cons

    High employee turnover High pressure/responsibility - money is on the line every second of the day

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  7. Helpful (11)

    "Option Trader"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Simplex

    Pros

    Good place to get your feet wet. Begin looking for a new job when you accept this one.

    Cons

    No support for new traders. Held to unattainable standards with absurd profit splits, desk fees and minimum wage. No innovative trade strategies on the point-and-click side. I would highly suggest thinking twice about working here.

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  8. Helpful (6)

    "Maybe good for developers"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Trader in Chicago, IL

    I worked at Simplex full-time for less than a year

    Pros

    Good introduction to options trading while getting paid minimum wage and high amounts of stress. It feels like your achieving, but the reality is much different I believe. Trading is a lot like Hollywood, lots of wannabes and very few make it. It's unfortunate because its a very interesting industry

    Cons

    Low pay, burn out, and odds are good unless you have the right combination of programming skills and treader mentality and also maturity you won't last in the industry.

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  9. Helpful (3)

    "Good Experience"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Software Developer in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Simplex full-time for more than 3 years

    Pros

    * You start becoming productive on day one. There is no drawn out onboarding process. You start writing and committing code right away. The transition is smooth yet definite. * The team has some really smart engineers who perform at a very high level. It is surprising how every developer does so many different things and does it well. * You get total ownership of your projects and you mostly have complete autonomy on how to go about it and there is always help if you need * Good production monitoring system

    Cons

    * The developer workflow tools/platform could use some upgrading * Emacs not installed on all machines by default (LOL, j/k)

  10. Helpful (6)

    "Software Enginner"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Simplex

    Pros

    If you are an established and seasoned developer, you will do good here

    Cons

    Horrible Management. Jr developers are not given proper mentorship and direction. I once saw a traders punch through a monitor. As a co-worker, it demotivates you when you see stuff like this.

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