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ODL Markets

ODL Markets rating: 2 votes, average: 3.00 out of 52 votes, average: 3.00 out of 52 votes, average: 3.00 out of 52 votes, average: 3.00 out of 52 votes, average: 3.00 out of 5 (2 votes, average: 3.00 out of 5, rated)
Write your own review of ODL Markets

odl_markets_logoODL 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.

Company’s Market Position

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.

Types of Services offered

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.

Trading Platform

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.

Trader Support

The trading platform itself has an internal e-mailing feature. That apart, the “faq” page is excellent. The helpdesk is 24/5 functional.

Site design and ease of navigation

It is slightly confusing to a newbie forex trading. But for a trader with intermediate forex knowledge the site should pose no problems.

Advantages

  • With ODL Markets you could also trade over the telephone.
  • Real time news feeds and analysis of market data before and after major economic data releases is helpful.
  • Live chat interaction with other Forex dealers is a plus point.

Disadvantages

The website appears to be useful only for a forex trader who is reasonably market experienced.

Write your own review of ODL Markets

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2 Comments»

Comment by whittaker
2009-08-23 10:56:35

ODL has one of those multi-purpose platforms that can be used for trading not only forex, but also gold, silver, and other instruments. I tried the demo as the minimum amount required to open a regular account was on the high side at $2000. I got a 2 pips spread on the majors, and I could hedge as well.

Platform was good as it was meta trader, with the usual trailing stops, tech analysis, charting and other indicators. If you ask me what’s best about these data feeds, it is undoubtedly the Dow jones live feeds. Couple this with the multilingual availability of the website, and that makes the trading experience enjoyable. It is one of those few traders that is even registered with the FSA in Japan. So you are safe with a company that is pretty well regulated. Another advantage with ODL is the real time market analysis whenever crucial economic data releases are made. That helps your trading because often these insights prove useful in figuring out which way the market would move. It is these small features that sets ODL apart from the others.

whittaker ratings for this post: whittaker gives a rating of 3whittaker gives a rating of 3whittaker gives a rating of 3whittaker gives a rating of 3whittaker gives a rating of 3
 
Comment by bruno
2009-08-25 12:14:58

Faq page and live support are tops with ODL

bruno ratings for this post: bruno gives a rating of 3bruno gives a rating of 3bruno gives a rating of 3bruno gives a rating of 3bruno gives a rating of 3
 
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