Anyone trading live with ODL Securities and EFX Group? - Page 3
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Thread: Anyone trading live with ODL Securities and EFX Group?

  1. #21
    I was looking at them they have damn good spreads gbp/jpy and gbp/chf just 6 pip spreads most broker or in 8-10

  2. #22
    Quote Originally Posted by ;
    I understand them do not like much people simply trade the news, in the event that you simply trade news other broker.
    They look the better choice, at least do not have as much complaints as other brokers.
    That thing of nfa complaints, do not look so bad as it appears, and its the only thing I see poor from them.
    They do not like people only trade the news? I think it's ridicolous, should a trader pay the disperse exactly what they want more? They can tell us exactly what trade to do to lose all and make them joyful???

    Anyhow, what is a good broker for news? I think is a neverending looking like I've seen on this forum too

    thank you guys for all these very useful infos

  3. #23
    After long term research and fougth, I believe they have some reason when they complaint because traders only trade news, afterall in the news there are a few very competitive movements, and market makers trade at gross, wich is not compatible with agressive movements.
    To trade news you better go with a ECN, but take carefully with market orders.

  4. #24
    Well, I am trying opening account with them, I have never seen a lot of bureaucracy requirements.

  5. #25
    Quote Originally Posted by ;
    After lengthy term research and fougth, I believe they have some reason when they complaint because traders only trade news, afterall in the news there are some quite aggressive movements, and market makers trade at gross, wich isn't compatible with agressive movements.
    To trade news you go with a ECN, but take carefully with market orders.
    Regrettably, in what I know, there isn't an ECN Using metatrader

  6. #26
    The advantage of metatrader is the EA. But to exchange news EA isn't needed by you.
    Or you've got any access to your database together with the time of the news and it is speculation?

  7. #27
    After opening an account with ODL there's this clause

    7. NOVATION OF OPPOSING CONTRACTS . Whenever there may exist in any Customer Account two or more receptive and opposite Contracts supplying in whole or in part for the sale and purchase of the same Foreign Currency or Cross Currency Pairs on the same Value Date, these Contracts will automatically be canceled and replaced by an obligation to repay only the net difference between amounts payable in respect of the applicable currencies under the applicable Contracts, and/or the difference between the quantities of the appropriate currency deliverable thereunder.


    Does that mean there's no hedging in this?


    I'd like to think some other Metatrader can do hedging.

  8. #28
    Hmmm....ODL had a 3000 PIPs spike of USD/CHF the other day which took my transactions out completely. Although they put everything back into the initial state and returned all my money 2 hours after the spike(without talking to them because I was asleep at that time), it's something which you might want to aware with their MT4 platform.

    To reply previous query, they pay LIBOR-175 foundation point for brand new margin.

  9. #29
    Quote Originally Posted by ;
    Hmmm....ODL needed a 3000 PIPs spike of USD/CHF the other day which required my trades out completely. Although they put everything back to the initial state and returned all my money 2 hours after the spike(without talking to them since I was asleep at the time), it's something which you might want to conscious with their MT4 platform.

    To answer previous query, they pay LIBOR-175 foundation point for unused margin.
    3000 pips spike?
    Do you utilize ODl currened or even ODl retail?

  10. #30
    Quote Originally Posted by ;
    Hmmm....ODL had a 3000 PIPs spike of USD/CHF the other day and that took my trades out entirely. Even though they put everything back into the original state and returned my money 2 hours following the spike(without talking to them because I was asleep at that time), it is something that you might need to conscious with their MT4 platform.

    To answer previous question, they cover LIBOR-175 foundation point for unused margin.
    Wow, do you have a chart screenshot of this? Was this on their MT4 platform or their Currenex platform? There's another thread going around about a 250 pip slide in their Currenex feed, this might be just as frightening.

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