Unethical Company - Sales Representative ayondo Employee Review

1.0
11 Oct 2016
Recommend
CEO approval
Business outlook

Pros

Great location, easy foot in the door for getting into the industry

Cons

Company is unethical in there dealings with clients money, clients are offered large imaginary bonus for opening an account which shows on there accounts but is not real money, staff are trained how to dupe clients showing how much money they will make straight away by giving them free money that doesn't really exist in the knowledge it a loss trap and the client will be left with only the imaginary bonus which Ayondo will not need to pay out when the client didn't make them double the commission (in most cases). The traders are compensated well for dragging clients accounts into losses so the whole set up is weighted against the client from the start. One Manager bragged that they are running the equivalent of a 'Californian Gold Rush' operation with Ayondo being the one supplying the spades to dig for gold that was never there. There is a culture of making fun of duped clients the bigger more money was talked out of the clients the bigger the score the bigger the joke the client was. I didn't want to be part of that unethical culture.

Explore other reviews about ayondo

1.0
29 Feb 2024
Recommend
CEO approval
Business outlook

Pros

Some nice people; great location and terrace

Cons

Office manager let the offices become cluttered and untidy, but above all HR would tolerate bullying.

2.0
25 Sept 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- Nice colleagues - Mostly nice senior leadership - Salary at par with market rate, and sometimes willing to go higher

Cons

- Roadmap and path to profitability not clear - Bad technology product management and knowledge - Failed partnerships with other startups, TH, etc

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