ODL Markets is a top brokerage company part of the International ODL Group having its registered offices in the United Kingdom. In the UK it is registered with the Financial Services Authority and in Japan it is registered with the Japanese FSA. ODL Markets has regulated offices in UK, Japan, Monaco, Canada and partner offices in Australia and Turkey. Apart from English, the website is available in Spanish, Portuguese, French, Italian, and German.
The Company’s avowed policy is to make sure that its forex trading products are well designed to suit all trading styles. To this extent, the Company has been successful as it has a trader base of thousands of customers from over one hundred countries.
A demo account is not readily available, but a video guided tour of the trading platform and a dealing guide is available.
Apart from foreign exchange, you could trade in gold, silver, foreign exchange corporate delivery deals and exchange for physicals (EFPs).
The minimum amount required to open a forex account is US $ 2000
With this broker you also have the advantage of running both long and short positions in the same currency pair at the same time.
The spreads are tight starting from 2 pips in the major currency pairs, and all this is done in a 24-hour commission free environment.
The Company’s principal trading platform is known as Meta Trader 4 (MT4) Fx Client Terminal. Apart from having trading facility, this platform provides technical analysis of forex markets in real time mode.
Some of the key features of this platform include trailing stops, a technical analysis package with more than thirty in-built indicators, and charting tools.
On-line news feeds from Dow Jones are an added feature. The Company also provides a mobile trading option via Meta Trader 4 Mobile platform. This platform could be used for PDAs and suitable mobile phones.
The trading platform itself has an internal e-mailing feature. That apart, the “faq” page is excellent. The helpdesk is 24/5 functional.
It is slightly confusing to a newbie forex trading. But for a trader with intermediate forex knowledge the site should pose no problems.
The website appears to be useful only for a forex trader who is reasonably market experienced.