Oanda
2.7 of 5 16 reviews
www.oanda.com Toronto, Canada

Oanda Reviews

Updated Apr 06, 2014

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2.7 16 reviews

                             

29% Approve of the CEO

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K Duker

(7 ratings)

36% of employees recommend this company to a friend
16 Employee Reviews
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  • Disapproves of CEO

2 people found this helpful  

Awesome job out of college, but not more

Software Engineer (Former Employee)
Toronto, ON (Canada)

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

ProsDepending which team you join, you'll learn a lot. Culture under Michael Stumm used to be awesome. But I hear it is changing now.

ConsUnless you do something really extraordinary, like have a smoke break with management, there is really no way to grow. Many people feel unappreciated despite putting long hours to execute the company vision. Thus getting recognition and raise is almost impossible.

Advice to Senior ManagementIn technology business, your staff is your biggest asset. There are a lot of smart people in OANDA don't treat them like they are stupid.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Extremely disorganized

Anonymous Employee (Current Employee)
Toronto, ON (Canada)

I have been working at Oanda full-time

ProsIt was great under Michael Stumm. Flat structure and work used to get done quickly and efficiently. Free lunch once a week.

ConsWe have a new CEO and he's ok so far. K Duker is still hanging around after the transition period and no one knows what he is doing even though he dishes out work and chimes in once in a while on emails. Also not sure what the interim CFO is up to as he is getting most of his buddies involved with the company. A lot of the employees are disengaged and there are no clear steps that will be taken to achieve the unrealistic task of doubling revenue this year.

Advice to Senior ManagementIt is great to set high goals but please let the employees know how these goals will be achieved. At this point, an IPO is nothing but wishful thinking.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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A good company gone bad

Software Engineer (Former Employee)
Toronto, ON (Canada)

I worked at Oanda full-time

ProsGood 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.

ConsThere 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 Senior ManagementThe 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.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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5 people found this helpful  

i will tell you what is actually happening here

Anonymous Employee (Current Employee)
Toronto, ON (Canada)

I have been working at Oanda full-time

Prosrock-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

Consnew 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 Senior ManagementIt 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.

No, I would not recommend this company to a friend

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3 people found this helpful  

A mixed bag of an experience

Software Engineer (Former Employee)
Toronto, ON (Canada)

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

ProsThere 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.

ConsThey 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 Senior ManagementLead 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.

No, I would not recommend this company to a friend

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Continuous Learning and Opportunities

Manager (Current Employee)

I have been working at Oanda full-time for more than 5 years

ProsOpportunities available, Employee welfare, Continuous learning, Good Exposure and Experience

ConsHead office is in Toronto, 12 hours time difference

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Time for a change

Anonymous Employee (Former Employee)
Toronto, ON (Canada)

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

ProsCompany had brilliant developers, a great product.

Consenvironment was isolating and unforgiving

No, I would not recommend this company to a friend

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1 person found this helpful  

Interesting Business Model; Technology-Driven Company

Anonymous Employee (Current Employee)
Toronto, ON (Canada)

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

ProsCollaborative work environment. Tremendous reputation in the industry. Lots of really gifted people, especially developers. Freedom to work in your own style. No silly rules about dress code or face time.

ConsThere have been major changes in senior management since I left so this may not still be true, but there was a lack of transparency, communication and process that could make it a frustrating place to work. They tend to be stingy and inconsistent with compensation. Half the company is developers so the whole place is very engineering-focused. It can feel like the tail wagging the dog sometimes.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Software Developer

Software Developer (Current Employee)
Toronto, ON (Canada)

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

ProsGreat place to work.. People are treated well

ConsYou need to be proactive.

Advice to Senior ManagementNeed to introduce more structure

Yes, I would recommend this company to a friend

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Operations Specialist

Operations Specialist (Current Employee)
Toronto, ON (Canada)

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

ProsGenerally smart people. Good team structures - small and focused but not myopic. Generally good inter-team cooperation.

ConsNot well-managed. Senior management appeared to be unable to formulate and execute clear plans to deal with the challenges the company faced.

Advice to Senior ManagementAbandon silos. Cross-discipline cooperation is crucial, and the more people are fighting internally the less they're fighting the world outside.

No, I would not recommend this company to a friend

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Glassdoor is your free inside look at Oanda reviews and ratings - including employee satisfaction and approval ratings for Oanda CEO K Duker. All 16 reviews are posted anonymously by Oanda employees.