ODL Securities — Forex Broker

Strange or not...that yasir from Pakistan and luke from london have the same word in ODL review. ODL review itself...

ODL Securities is full of theft in my own word. Chris Hossain, the manager of Retails Sales is a man who will steal your money. Please do not invest in this company. Poor services, most of broker there absolutely unhelpful. I could imagine how tough environment that'd be like to work there to be able to cope with these bunches of liars!!!! Please please stay away from this company!!!!

Well, I sent them a handshaking email with some inquiries at ask@odlsecurities.com, and they contacted me thirteen (13) days late (this should be their front-desk at sales!) without answering any of my questions! Claiming that they have no collection of my email!

HOW DID YOU KNOW OF MY INTEREST IN INVESTING WITH YOU IN THE FIRST PLACE!!! lols.

This has put me in a lot of panic and made me ditch the whole opportunity to invest with ODL, especially when I read all the sincere reviews of my loyal colleagues here at EARNFOREX.COM :)

Thank you all guys!

I am now targeting FxPro, of course basing on reviews I also read here at EARNFOREX.COM.

I'm just new in the forex market:

ODL really not respectable and not honest with their customers.

I tried to contact Mr. Chris Laird Mr. Anastasiadis,

Mr. James Lawrence to answer my questions .. but the only one answer me too many times and in vain is Chris. they have no respect to their customer they cheat me and suddenly I notice that they open twice usd/chf in my platform without I do my self. they have some tricks to stole their customer. they really very bad and slow customer service they are not available, only if you are new they will answer you. they still owned me 24.87 dollar

they never gave me it back since I closed my account with them . really the made me frustrated so I start say to them bad words like fucken. sorry for that. but they force me to say it. coze I found no help. they Very poor service, I asked them about simple things they always told me to ask someone else from their team or call them

they never call back me in time. from 12/02/2010 they answer me on 18/02/2010. imagine such nice customer care. Mr. Anastassia never reply or Mr. Lawrence as well since 10th of February till now 20/02/2010. they don't care at all. only Mr. Aly bin Qabil talked to me very nice and try to solve some of my issue but I understand their policy he cant do too much coz their policy with customer satisfactions. they try to screwed us and just get our money they did not care about their customer they try to cheat us and using us and ODL is against the customer only stand beside the fx not us.

Extremely poor service. You just cannot trust people from there. They go on leave without letting you know, they acknowledge your requests without processing them etc...

Basically, they only care about getting their (not so cheap) commission (on which they tried to overcharge me!)

Very poor service. They lied or their supporters do not know much about their services as when I asked them about simple things they always told me to ask someone else from their team or call them. And I became furious when they told me that they have no commissions for CFD transactions and when I opened a position and made some profit I was suprised that I am still negative. They take $30 to open a position and additional $30 to close it. THAT'S how they call it "NO COMMISSION"???? 60 bucks for 1 transaction! Can you imagine it??? I lost around $60 and they stopped to reply to my emails in which I asked them to explain their lies....

Read Yasir and Luke's comments below. Spot the difference???!!!!!!!!!!!!

Obviously a ODL Securities or affiliate posting cockup.

ODL is closing its doors in the USA. I got this email in 01-14-2009:

"...Thank you for choosing ODL Securities, Inc. as your online forex provider.

After a recent strategic business review at our parent company (ODL Group Limited), a decision was made to no longer accept and/or service customers from the USA at this time.

As a result, we have made arrangements to transfer client accounts to Forex Capital Markets, LLC (“FXCM”) or return funds to the account owner(s) as desired..."

ODL recently decided to wage war against the users of a robot/EA by closing all the accounts & busting all the trades made using the robot/EA. One manager at ODL accused users of the robot of "stealing" from ODL.

ODL is not friendly to users of EAs and may simply undo trades made that it does not like. They have a twisted view of reality in which they can not deal with clients who win in the markets. Remember... If you use them, you have been warned!

I recently started trading fx. ODL have been very helpful with getting me started and explaining things clearly. They also warned me about the pitfalls I should be careful of when trading fx, such as not getting too over-leveraged. Some other brokers offered me up to 400:1 leverage which sounded great till i discovered that could put me out of business very soon, if things went against me!

ODL offered a maximum of 100:1 but recommended I start well below that till i was used to trading. They also helped me think about my real reasons for trading and what i was hoping to achieve. As a result I've now done a trading plan and thought about the risks as well as the rewards of trading fx. And i'm still in the market! So thank you ODL.

I used to like ODL. They used to let you buy 100 units of currencies pairs which I thought was cool. But then last fall, they adopted a big boys gambler mentality and forced me to buy 10K blocks of currencies pairs. They have no consideration for small traders. They drove me out and I resent them to this day about it. Now I am hearing that ODL has "undercapitalization issues". BTW every I you call their office to resolve an issue, they have gate keeper secretaries that always put me off. Sorry ODL, but I'll stick with OANDA. They are true blue and they respect the small trader.

I recently started trading fx. ODL have been very helpful with getting me started and explaining things clearly. They also warned me about the pitfalls I should be careful of when trading fx, such as not getting too over-leveraged. Some other brokers offered me up to 400:1 leverage which sounded great till i discovered that could put me out of business very soon, if things went against me!

ODL offered a maximum of 100:1 but recommended I start well below that till i was used to trading. They also helped me think about my real reasons for trading and what i was hoping to achieve. As a result I've now done a trading plan and thought about the risks as well as the rewards of trading fx. And i'm still in the market! So thank you ODL.