Thread: Anyone trading live with ODL Securities and EFX Group?

Originally Posted by ;

Hello Turbokaos,

contingent or If Done orders

eg.

Buy 100,000 EUR/USD @ 1.3050 on stop

If Done (If the initial order is filled then work the following order)

Sell 100,000 EUR/USD @ 1.2950 online stop.

Cheers

same diff if done or OCO not yet but like I said have noticed in the demonstration beta so it is in the works. . I had been sent a manual upgrade about it but it hasn't been implemented

Originally Posted by ;

Forum users with less than 80 posts or without a live account with them don't respond as I do not wish to trigger some fake responses (thought I am not saying there are any with these 2 companies but I have heard bad things about lots of such behaviour to get a couple other companies based on some thread within this forum).

Additionally, for ODL securities users, what are the minimum deposit requirements for opening up an account today? I understand they're utilizing currenex/hotspotfxi, however do they operate a dealing desk as well? Are there any good?

Thanks.

Either way, in the event that you needed some type of into/answer or maybe not, I believe the min is $500 to open an account. And their appliion method is a breeze in comparison with the forms for a number of these other ones. Not a lover of their charting, however I like the platform.
That's all I know so far, I'm in the process with them right now.

Hello,

what charting do you guys use (or what would you advocate ) as it pertains to Currenex / ODL, etc. ?

Originally Posted by ;

Hello,

what charting do you guys use (or what would you advocate ) when it comes to Currenex / ODL, etc. ?

I use the oanda charts. They are so good, I would be willing to see that oanda is utilizing currenex for upstream hedging.

Originally Posted by ;

Dear all,

I'm pretty much new to the forum and after a month of research I chose to go for a ECN broker. Searching through some old threads on ODL securities and EFX group I have discovered that there are quite limited information on ODL securities so I'm starting a thread to listen to your opinions on these. Around EFX group, other than the long thread run by its own employee (though helpful, however you always wish to hear from somebody not from their business ), I discovered that there are almost nobody starting threads on EFX staff regarding their bad or good experience with them (unlike Oanda, FxSol, a few other that you always see new threads regarding them, poor or good,). Therefore, I would love to know if anybody trading live with ODL Securities and EFX group and what would you consider them please list their pros and cons, like

1) Speed of execution
2) Live expertise with their spreads throughout volative times
3) Honesty (any questionable stop hunts, platform stinks, delay execution,etc)
4) Other

Forum users using less than 80 articles or without a live account with them please don't respond as I don't wish to activate some bogus responses (thought I'm not saying there are any with these 2 companies but I've heard bad things about many such behaviour for a couple other companies based on some ribbon in this forum).

Also, for ODL securities users, what would be the minimum deposit requirements for opening an account today? I understand they are using currenex/hotspotfxi, but do they run a working desk too? Are there any good?

Thanks.

I utilize EFX and love it. No problems. Their Guru platform has worked perfectly for me, no problems ever, and they are quite receptive to questions when I was studying it. Execution is quite fast and they have a ton of liquidity. No complaints.

Anyone is reside with ODL MT4?
What's the minimum to start an account along with the max leverage? I haven't find it within their website

Hello FedePresident,

ODL MT4 has Maximum leverage of 100:1. Minimum to open mini account is US$1000 - if they state mini account that only means that you may trade miniature lot on the standard account (in other broker's duration ). The rate of implementation is pretty good so far as I'm concerned. The spread is pretty constant for the majority of the pairs during volatile times. They DO have dealing desks but I have no trouble getting my oder full - I haven't obtained a requote however but that might just be lucky. They paid attention on unused margin monthly.

In case you want additional details, you can contact them via email and they answer the issue very quickly.

Hope that helps

Originally Posted by ;

Hi,

ODL MT4 has maximum leverage of 100:1. Minimum to start mini account is US$1000 - when they state mini account that simply means you may trade miniature lot on the standard account (in other broker's term). The speed of implementation is pretty good as far as I'm concerned. The spread is pretty constant for most of the pairs during volatile times. They DO have dealing desks but I don't have any difficulty getting my oder full - I haven't obtained a requote yet but that might just be blessed. They paid interest on unused margin monthly.

If you want additional details, you can contact them via email and they answer the issue very fast.

Hope that will help

thank you very much for your infos, really appreciated.
So they're a market maker? Do you believe that they are a broker for news trading?
What's the interest on unused margin?

Hi FedePresident,

that I think you'll find this of some interest http://www.nfa.futures.org/basicnet/...006contrib=NFA

On March 2, 2007, NFA issued a Complaint charging ODL and Dubuque with deceptive promotional actions. The Complaint further billed ODL with failure to embrace enhanced supervisory procedures; failing to keep adequate books and records necessary and proper to conduct its business; failing to take applicable concentration charges; failing to keep adequate adjusted net capital; and failing to file financial statements with NFA in a timely manner. The Complaint also billed ODL and King with failure to supervise.

I know them do not like much people simply trade the news, if you simply trade news other broker.
They look the better option, at least do not have as much complaints as other brokers.
That matter of nfa complaints, do not look so bad as it seems, and its the one thing I see bad from them.