OFX Reviews

3.5

49% would recommend to a friend

(217 total reviews)
avatar

Skander Malcolm

61% approve of CEO

43% positive business outlook

OFX has an employee rating of 3.5 out of 5 stars, based on 217 company reviews on Glassdoor which indicates that most employees have a good working experience there. The OFX employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

217 reviews
1.0
3 Jun 2020

No. Don't do it to yourself.

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Rosie the Barista is lovely and always up for a chat. You will form friendships that you wouldn't anywhere else (trauma, its due to the trauma).

Cons

Do not work here if you have any ANY mental health concerns. Even ones you aren't aware of. Working here will make them worse. Do not work here if you are female. You will either be ignored (boys club) or sexually harassed. Speaking of sexual harassment, it will be ignored -no matter who you raise it to, internally AND externally- and if you are a victim of it, you will either be expected to work with your harasser -but not directly, so that’s ok, right?-, or be forced out -but not fired, so it came down to your choice-. There is no in between. Think you are ok if you have a female manager? Nope, that's just a different kind of harassment, that includes gaslighting and bullying. Both of which are ignored too. Expect to be worked to the bone. You WILL be expected to come in early, and stay back late, as well as likely work through your breaks. This is expected, not a one off. You might get a thank you, but very likely not, and you definitely won’t get paid for your extra time (do not even expect it come bonus time, because working back was a “choice”). Do not create bonds with anyone, this will be used against you and management will attempt to play you off one another. HR or as they like to call themselves “People & Culture”. They have neither the people or the culture in mind. They will break confidentially, they will tell you that any issue you have is ‘just a misunderstanding’, they will “ask” permission to contact your doctor directly even though there is no need apart from trying to bully you about private medical issues. You may also be lucky enough to hear about your problem that you came to them with, through the grapevine, but not with any names attached, of course. That’s the privacy line. The problems are never resolved, and sometimes not even hidden, they are just ignored until the complainant either leaves or just accepts it. At best, they are incompetent. At worst, they are complicit. Either way, they ALL need to be replaced. Ever had a recruiter laugh about how it’s common knowledge, that OFX pays so little in the finance sector? I have. 
Conclusion - if you want to be overworked, underpaid, under appreciated (unless you are in the boys club of corporate), harassed, never really able to take any steps in your career (because who would cover your work, while you are attempting to learn more?), and just generally treated like you are nothing, you are in for a treat. 
I am not someone who generally writes reviews, and never ever a negative review, but I am more than a year out of working at OFX and I am still dealing with the ramifications, on my mental health, and physical health, let alone my career prospects, and its not because I was or am a bad worker. People currently from OFX still reach out to me to ask for advice as somehow the real reason I left got out too. Shock. Have a look at the replies to these comments from OFX. They never seem to be able to reply to the negative ones, because then they would have to lie and they know it.

avatar
OFX Response
6y
Thanks for taking the time to write this. You have raised some pretty serious allegations in your post. We take such allegations very seriously and I would like to invite you to meet with me to further discuss. Feel free to contact me offline and I welcome addressing your concerns openly and constructively.
2.0
6 May 2019

Better Not.

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

There are some genuinely fantastic people who work there and if you are lucky, you will learn a lot from them. On site Barista (can I give her 5 stars?) That’s it. That’s all I can think of.

Cons

Pretty much everything else. If you have a serious concern (like claims of bullying or harassment), it will get swept under the rug, usually by People & Culture. While some managers are genuinely committed to the success of their team, others go out of their way to undermine them (usually as publicly as possible, with no evidence to back themselves up and limited to no understanding of the facts). The environment is toxic and has caused genuine harm to peoples mental health. And it gets ignored as being that persons problem instead of signs of a deeper issue. Don’t believe the hype about “work/life balance” or “flexible working arrangements”. If your manager doesn’t like you, no matter the quality of your work or how hard you work, it won’t happen for you. And all the free fruit and coffee in the world will not make up for how underpaid you are.

1.0
25 Sept 2019
Recommend
CEO approval
Business outlook

Pros

Rosie the coffee lady Salary Maybe the location

Cons

Where do we start with OFX? To begin with, at anytime you see someone who rates this place more then 1 star I would assume its a current employer or someone trying to get there rating up. They have absolutely no idea what they are doing? As a BDM you are told that they are an innovative company , however after a few months you realise you are selling spot and forward products only. They will not listen to you when you tell them to try something new and you will get absolutely no support at all. The corporate dealing team has some of the worst people you will ever work with as its a massive boys club (most are all old boys from the North Shore btw). The entire place is filled with work place bullying, innuendos, and people who seem to get off making fun of others. Its not a nice place to work and the management team are extremely unsupportive. If you are behind on target expect to be forced out in a few months. Also no one wants to fix the culture, it seems its ok to ostracize, make fun of people, and also exclude them. Finally the managers get very threatened when you come to them with an idea on how to improve anything, its almost as if you will show them up and people could realise that they really should not be people leaders, let alone middle or upper managers. They will talk about diversity and work life balance and there really isn't any. You cant work from home, you are expected to come in at 8am, no one wants to help you , and there is no point using modern technology when it is all bad technology. Also they dont have an identity, on one hand they want to be this cool tech company and on the other they want to be an FX company - it doesn't work. The share price, enough said lol. All year I keep hearing about the share price and our share holders.. its gone from $2.00 to a $1.80... In terms of products these guys are stuck in the early 2000, they still think people will sign for the name and they still think that its easy to get people on big margin. Also they will tell you to go after enterprise clients but when you do you are told to not worry about it???? Let me finish with this real life incident, you know its a classy place when your manager tells you in a one on one meeting " I don't know if I am going to keep you on and it has nothing to do with HR or racial background". All class OFX, all class.

Viewing 1 - 3 of 217 Reviews

Glassdoor has 220 OFX reviews submitted anonymously by OFX employees. Read employee reviews and ratings on Glassdoor to decide if OFX is right for you.