Day Trading & Forex Forum

4 of 5 members found the following review helpful:

Slippage and more slippage
1/10
every trade opening and closing suffers slippage. 2 pips spread on cable is effectively 4 pips. Almost every trade I take I get slipped 1 pip away... second later I look at the price and its back up 1 pip. It's almost like they have add 1 pip to every trade order. Just because I'm paranoid doesn't mean they're not out to get me lol

3 of 4 members found the following review helpful:

A bucket of ODL
1/10
Im only trying the demo and its awful. I trade crude oil a lot and recognize when to trade and patterns on the charts. Sudden 30 pip spikes do not happen when it is only the asian market trading. On this platform it does if you place stops.
I placed a sell only for the platform to freeze immediatley after. We all know what happens next dont we? I only got back after 85 pips of upward movement.
I emailed my queries to them and after a few days still no reply.
I hope this thread saves a few people some time and a lot of money.

1 of 3 members found the following review helpful:

ODL the best
10/10
I have been trading CFD using MEtaTrader With ODL. All orders are executed nicely. I think they are good. I am a satisfied customer.

3 of 4 members found the following review helpful:

Another bucket shop!
1/10
I have been trading with ODL Markets for some time. I really just want to give traders a warning about a naive practice that is conducted by this firm.

If you trade using guaranteed stops then expect to see the G-Stop disappear before significant price movements. The trading platform also has a habit of throwing you out before a price move. Obviously you can use this to your advantage or as a confirmation signal that the price is about to go in the opposite direction - which I have done now on numerous occassions - but for those who expect to be trading the market.... BEWARE...

What the above basically means is that you can not leave the computer while you have a live trade or certainly while the price is 50-100 pips away from your stop-loss. Otherwise you may get back to the computer only to find out that you have lost the entire account, the house, the car and the dog...BEWARE!

While their entire offer isn't all bad such tactics mean that I have to rate this company as low as possible.

Okay, time for me to move on to test the next SB company.

9 of 12 members found the following review helpful:

Keep Away from ODL
1/10
Their platform logs you off especially at start of good trading oppertunitites. Then you have to reboot the PC just to get connected with the Internet again?
Stay away