Greetings, Friends!
We are pleased to present another article of our Forex/CFD industry Employers Review series. We want to emphasize that this series of articles is not a form of advertisement or paid promotion. Our approach is to gather information from open sources and provide an honest assessment of the pros and cons of each employer. Our ultimate goal is to create an unbiased and comprehensive database of interesting employer reviews in the Forex/CFD industry.
We primarily focus on reliable sources such as LinkedIn and Glassdoor, which contain a wealth of independent information. In cases where the company operates on other social networks, we also explore those platforms to gather more data.
Let's take a look at our Rabbit in a Hat:
Oanda
Today, let's explore the realm of OANDA, a company with a storied history in the financial sector. Since its establishment in 1996, OANDA has emerged as a global frontrunner in delivering state-of-the-art currency solutions tailored for both retail and corporate clients.
Dr. Michael Stumm and Dr. Richard Olsen founded OANDA in 1996 with a mission to provide comprehensive currency solutions. From currency conversion to FX data services for businesses and online brokerage services for retail FX and CFD trading, OANDA handles it all.
OANDA prioritizes client protection, offering varying levels of account protection based on the region. For instance, OANDA Europe Limited provides ESMA-mandated negative balance protection, while OANDA Asia Pacific Pte. Ltd. offers guaranteed stop-loss orders. However, U.S. clients do not benefit from such protections under OANDA Corporation.
In the U.S., OANDA holds a respectable position in the top 50 in the CFTC's retail forex obligation report. This report reflects the total funds deposited by retail forex customers, adjusted for realized and unrealized profits or losses.
With a user-friendly website emphasizing transparency, client education, and research, alongside diverse user interfaces and global regulatory oversight, OANDA stands out as a leading online forex broker.
At the heart of OANDA's success lies its commitment to innovation and customer-centricity. By offering intuitive and user-friendly products complemented by stellar customer service, OANDA has witnessed remarkable growth over the years. Notable milestones include a substantial $100 million financing round in 2007 and its acquisition by the Asian Fund IV CVC Capital Partners in 2018.
OANDA's dedication to excellence has garnered widespread recognition, epitomized by accolades such as the esteemed "Broker of the Year 2023" award from TradingView. These honors underscore OANDA's unwavering pledge to provide clients with an unparalleled trading experience.
With a global footprint encompassing major financial hubs like Toronto, New York, Singapore, London, and Sydney, OANDA has forged partnerships with industry titans including Airbnb, Deloitte, Expedia, Google, and FedEx.
The company recently partnered with Robert Lewandowski, appointing him as their ambassador.
But let's not stop there! We have uncovered the secret behind Oanda's magical allure on LinkedIn!
Website http://www.oanda.com
Company size 201-500 employee (704 on LinkedIn)
Headquarters London , England
We've encountered a company that truly maximizes LinkedIn's potential to connect with its audience. Oanda stands out with its active presence on LinkedIn, regularly sharing insightful content about its participation in conferences, team-building activities, philanthropic efforts, and even glimpses into employees' personal lives. This includes promotions and podcasts featuring C-level executives. It's commendable to see a company leveraging LinkedIn to foster a sense of community and showcase its organizational culture. Oanda's dedication to transparency and authentic engagement distinguishes it as an employer that values the overall well-being of its employees.
Oanda effectively utilizes LinkedIn to bolster its employer brand and engage with potential candidates. The company consistently posts job vacancies on its LinkedIn page, providing a convenient platform for job seekers to explore career opportunities within the organization. These postings underscore Oanda's commitment to attracting top talent and supporting professional development.
Thanks to LinkedIn's premium analytics, we can observe Oanda's flat trend as an employer in retaining its employees. The average tenure at the company has surpassed 3 years, which is a good indicator.
We found the "Life" section on LinkedIn to be particularly interesting and novel, offering insights into C-level management, company spotlights, and employee testimonials. Within this section, there are video overviews of the company from an employer perspective, along with direct links to specific sections of the Oanda career website. It's the perfect section for prospective employees to explore.
Let us now turn our gaze to the magical realm of Glassdoor!
Glassdoor
Number of reviews 203
Rating on the site 3,6/5,0
On Glassdoor, it's worth noting that not everything is as positive as on LinkedIn. The average rating is below 4. However, more than half of the employees still rate the company positively, and the positive trends in ratings over the past few years are encouraging.
56% of the employees would enthusiastically recommend Oanda as a workplace to their peers, showcasing a highly satisfying and enjoyable employee experience.
The survey also reveals that 51% of respondents have a positive outlook on the business's future, indicating optimism and confidence in the company’s direction.
Analyzing the trend over time, the Glassdoor ratings for Oanda exhibit some fluctuations. While there have been occasional dips in ratings, particularly in relation to specific issues such as end-of-year announcements or decisions affecting bonuses, there is no consistent downward trend. This suggests that any instances of employee discontent are isolated and not indicative of systemic issues within the company. All in all, we can observe Oanda's positive trend as an employer in retaining its employees. The average tenure at the company has exceeded 3 years, which is a promising indicator. This upward trend is undoubtedly encouraging and may be attributed to the company's thorough cultivation of corporate culture, employee benefits system, transparent management approach, and clear yet ambitious goal-setting.
On Glassdoor, OANDA has garnered a variety of employee reviews, reflecting both positive and negative aspects of the company as an employer.
Pros:
- Competitive Compensation: Many employees appreciate OANDA's competitive salary packages and bonuses, which contribute to overall job satisfaction.
- Strong Company Culture: Numerous reviews highlight OANDA's inclusive and collaborative work environment, fostering camaraderie among colleagues.
- Opportunities for Growth: Employees value the ample opportunities for professional development and career advancement within the company.
- Technological Innovation: OANDA is praised for its cutting-edge technological infrastructure and commitment to innovation, enhancing the trading experience for employees and clients alike.
- Global Presence: With offices and operations spanning multiple countries, OANDA offers employees the chance to work in a diverse and dynamic international setting.
Cons:
- Work-Life Balance: Some employees express concerns about work-life balance, citing long working hours and high levels of stress.
- Communication Challenges: There are reports of communication issues between management and staff, leading to misunderstandings and frustration.
- Lack of Diversity: Several reviews mention a lack of diversity and inclusivity within the company, suggesting room for improvement in this area.
- Management Concerns: Poor management practices, including micromanagement and lack of support, are cited as areas of dissatisfaction among employees.
- Limited Benefits: Some employees feel that OANDA's benefits package could be improved, particularly in areas such as healthcare and retirement planning.
Overall, while OANDA receives praise for its competitive compensation, company culture, and opportunities for growth, there are areas where improvement is needed, such as work-life balance, communication, diversity, management practices, and benefits offerings.
Where to look for company vacancies?
To embark on your journey through Oanda's enchanted forest and explore the mystique of its career opportunities, you can seek the company's contact details, including a phone number and email address, on its main website.
While the website itself does not feature a dedicated section for job vacancies, the company channels its magic through its LinkedIn page and Career website.
Note: You can set alerts for new vacancies!
*We hope our mystical journey through Oanda's Rabbit in a Hat has provided you with insights into the magical realm of this esteemed employer. If you wish to enhance your own powers and seek the assistance of our team to strengthen your resume, introduce you to the employer, and prepare for the job interview, you can write to us by email at jk@finwizard.org. May your path be illuminated with success and enchantment as you navigate the ever-changing landscapes of the Forex/CFD industry.