ODL Securities Forex Broker Reviews
User reviews of ODL Securities are presented here. All reviews represent only
their author opinion which is not necessarily based on real facts. If you want
more information about this broker, please, read also its description.
| luke from london | 10/30/2007 |
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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.
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| Sean Porter from New Orleans, LA | 12/17/2007 |
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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.
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