Any guys with ODL? | Forex Factory

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Any guys with ODL?

  • #1
  • First Post: Jul 7, 2007 10:57am Jul 7, 2007 10:57am
Any guys here have experience with ODL esp their Meta platform? Swaps are not showing up on their demo and wondering if this is also with live?

How's the withdrawal procedure like? As I can't seem to find any information on their withdrawal and I was told by them that withdrawal can be done by just sending a email to them.

Thanks!
  • #2
  • Dec 29, 2007 5:28pm Dec 29, 2007 5:28pm
I currently use ODL, I'm in the U.S. so they are based out of Chicago for U.S. accts. I did MT4 demo with them for awhile before I went live. I have had no problems with them yet. In their live acct they do charge/credit for the overnight swaps. Haven't done any withdrawals yet but getting a withdrawal does require more security steps than just an email.
trading naked.......
  • #3
  • Dec 30, 2007 4:43am Dec 30, 2007 4:43am
Quoting piphitman
I currently use ODL, I'm in the U.S. so they are based out of Chicago for U.S. accts. I did MT4 demo with them for awhile before I went live. I have had no problems with them yet. In their live acct they do charge/credit for the overnight swaps. Haven't done any withdrawals yet but getting a withdrawal does require more security steps than just an email.
How much do they charge for overnight swaps? And to clarify, by overnight swaps, you're referring to holding positions "overnight" 5pm EST? Or am I not understanding?
  • #4
  • Dec 31, 2007 10:57pm Dec 31, 2007 10:57pm
yes after 5 p.m. swaps....... but it all depends on the pair your holding overnight
trading naked.......
  • #5
  • Jan 1, 2008 12:01am Jan 1, 2008 12:01am
I received an email from ODL lately that they have changed their policy for new accounts. Now non-UK residents don't need to send Notarized copies to open account, simple scanned copies of ID will do the job.

I don't use them so I won't know how they are.
  • #6
  • Jan 2, 2008 7:31pm Jan 2, 2008 7:31pm
that's how I opened my live account. Scanned my drivers license and utility bill, emailed to them, and that was it.
trading naked.......
  • #7
  • Jan 3, 2008 3:39am Jan 3, 2008 3:39am
Quoting OzFx
I received an email from ODL lately that they have changed their policy for new accounts. Now non-UK residents don't need to send Notarized copies to open account, simple scanned copies of ID will do the job.I don't use them so I won't know how they are.
About time they introduced some common sense. That was the main reason why I didnt open an account with ODL. I had no time for this silly requirement. I also received the email regarding their policy change and will soon open an account with them to try them out.
  • #8
  • Jan 3, 2008 3:51am Jan 3, 2008 3:51am
Quoting PipStar
About time they introduced some common sense. That was the main reason why I didnt open an account with ODL. I had no time for this silly requirement. I also received the email regarding their policy change and will soon open an account with them to try them out.
I think the requirement is enforced by organization similar to NFA in UK. Wonder if them playing with policies is legal??

My be look at Alpari...they seems to have similar spreads.
  • #9
  • Jan 3, 2008 9:43am Jan 3, 2008 9:43am
any one hare have 50000$ or more

with odl dose it safe?
  • #10
  • Jan 3, 2008 10:20am Jan 3, 2008 10:20am
Quoting MRmojtaba
any one hare have 50000$ or more

with odl dose it safe?
i have a 700k account with them and not realy worry about my money with them. i love this broker, spreads are low and they allow me to use mt-4 and upto 100 million per trade.
If I Go Broke Trying Then I Will die happy.
  • #11
  • Jan 3, 2008 11:22am Jan 3, 2008 11:22am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Moe
i have a 700k account with them and not realy worry about my money with them. i love this broker, spreads are low and they allow me to use mt-4 and upto 100 million per trade.
LOL than i guess you opened the account with $ 1.000.000 when you started trading with them....;-)
  • #12
  • Jan 3, 2008 1:50pm Jan 3, 2008 1:50pm
Quoting onu
LOL than i guess you opened the account with $ 1.000.000 when you started trading with them....;-)
no and i don't trade 100 million per trade, just nice to know i can trade over the 10 million that interbankfx was giving me.
If I Go Broke Trying Then I Will die happy.
  • #13
  • Jan 3, 2008 2:00pm Jan 3, 2008 2:00pm
Moe,

Aren't you concerned about ODL's status on the NFA Capital Requirement?
I have been considering funding the account I opened with them because of the great spreads and swap rates. But I am just not sure after looking at the following thread.

http://www.forexfactory.com/showthread.php?t=35930
  • #14
  • Jan 3, 2008 2:20pm Jan 3, 2008 2:20pm
Quoting ssherwood76
Moe,

Aren't you concerned about ODL's status on the NFA Capital Requirement?
I have been considering funding the account I opened with them because of the great spreads and swap rates. But I am just not sure after looking at the following thread.

http://www.forexfactory.com/showthread.php?t=35930
no im not, go with who you want.
If I Go Broke Trying Then I Will die happy.
  • #15
  • Jan 10, 2008 10:44am Jan 10, 2008 10:44am
Quoting piphitman
I currently use ODL, I'm in the U.S. so they are based out of Chicago for U.S. accts. I did MT4 demo with them for awhile before I went live. I have had no problems with them yet. In their live acct they do charge/credit for the overnight swaps. Haven't done any withdrawals yet but getting a withdrawal does require more security steps than just an email.
How much is ODL Paying for 1 lot of GBPJPY?
What´s you rpersonal experience?
Thxs Juan
  • #16
  • Jan 10, 2008 1:14pm Jan 10, 2008 1:14pm
Quoting juangecko
How much is ODL Paying for 1 lot of GBPJPY?
What´s you rpersonal experience?
Thxs Juan
100k lot, $32.00 long, $35.00 short.
If I Go Broke Trying Then I Will die happy.
  • #17
  • Jan 10, 2008 1:22pm Jan 10, 2008 1:22pm
I think you are wrong. In the demo account they pay 3.2 pips per lot..that makes 3.2*9=28.8usd near that. Do you have a real account and trade GBPJPY for swap?
  • #18
  • Jan 10, 2008 1:49pm Jan 10, 2008 1:49pm
Quoting juangecko
I think you are wrong. In the demo account they pay 3.2 pips per lot..that makes 3.2*9=28.8usd near that. Do you have a real account and trade GBPJPY for swap?
if you knew the answer to your question why ask.
If I Go Broke Trying Then I Will die happy.
  • #19
  • Jan 10, 2008 1:52pm Jan 10, 2008 1:52pm
i do have a real account, i just look up there swap rates on there platform, since i get $6.00 long on gbp/usd i assume all there swap rate was set at $ per pip.
If I Go Broke Trying Then I Will die happy.
  • #20
  • Jan 10, 2008 1:54pm Jan 10, 2008 1:54pm
Quoting Moe
if you knew the answer to your question why ask.
Becuase I want to know if a rep of ODL from Chicago (they behave as boiler room) that does not know what he sells, is giving me accurate info.

He said to me that demo account have same sswap paying that real accounts... mmm... i do not believe him... So i want to know swap paying for 1 lot GBPJPY.

Thxs
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