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  • #21
  • Dec 28, 2008 8:35pm Dec 28, 2008 8:35pm
I have a live account with ODL. At the beginning, things were very good, fixed 2 pips spread ...
Now, even I am losing, the spread is changed to variable, my pair eurchf spread is constantly over 10 pips (now is 13 pips, it was 2 pips spread before).
I cannot open demo account.
I contacted ODL asking about the high spread and they say that this is due to low liquidity and the fixed spread will be back at later stage (the same old answer since mid Nov 08)

All of these symptoms make me feel nervous about the company ability to stay alive.
Does anyone else having the same problem
Thanks
  • #22
  • Dec 28, 2008 10:57pm Dec 28, 2008 10:57pm
i can tell you now that ODL DOES NOT like scalpers at all! they banned fapturbo cause we beat them at their own game! no scalping is allowed there and they suspended about 200 accounts using it and are probably still looking for the rest if there's any fapturbo users there left. I have scalping EA's and i kick their ass so i went to forex.com/gain with a fixed spread
  • #23
  • Dec 29, 2008 6:14am Dec 29, 2008 6:14am
Quoting hazelj80
i can tell you now that ODL DOES NOT like scalpers at all! they banned fapturbo cause we beat them at their own game! no scalping is allowed there and they suspended about 200 accounts using it and are probably still looking for the rest if there's any fapturbo users there left. I have scalping EA's and i kick their ass so i went to forex.com/gain with a fixed spread
Which broker did you move to? Are they reliable?
  • #24
  • Dec 29, 2008 6:18am Dec 29, 2008 6:18am
i personally moved to forex.com fxpro.com is good as well and they're 5 digit like forex.com, regulated (FSA,ECB) just like forex.com (cftc, NFA) they said scalp as much as you like.
  • #25
  • Dec 29, 2008 6:33am Dec 29, 2008 6:33am
Quoting hazelj80
i personally moved to forex.com fxpro.com is good as well and they're 5 digit like forex.com, regulated (FSA,ECB) just like forex.com (cftc, NFA) they said scalp as much as you like.
Thanks. I am checking them out now.
  • #26
  • Dec 30, 2008 6:21am Dec 30, 2008 6:21am
can u recomend any reliable brokers that have oil except odl
  • #27
  • Dec 30, 2008 6:44am Dec 30, 2008 6:44am
Quoting hazelj80
i personally moved to forex.com fxpro.com is good as well and they're 5 digit like forex.com, regulated (FSA,ECB) just like forex.com (cftc, NFA) they said scalp as much as you like.
scalp with over one standard lot with fxpro and u will see that everything from slippage -------------several reqoute-------------- will exist
  • #28
  • Dec 30, 2008 12:07pm Dec 30, 2008 12:07pm
I'm looking at ODL because I like their 'rollover' on the oil contract:
http://www.odlmarkets.com/oil/oil_ro..._explained.php
So I may only trade/invest in oil.

i may not be scalping but looking more on hourly or 4 hour charts.
Now my concern is the regulation. If I put a large number of cash, what will happen to my cash if the company has financial problem?
  • #29
  • Dec 30, 2008 1:41pm Dec 30, 2008 1:41pm
Quoting tetis
scalp with over one standard lot with fxpro and u will see that everything from slippage -------------several reqoute-------------- will exist
that will be interesting to see since the makers of fapturbo opened a 100k account to "show off"!

and if i had 100k, i'd be looking to build a mt4 ECN bridge and cut that problem short.
  • #30
  • Dec 31, 2008 10:13am Dec 31, 2008 10:13am
perhaps some of the ODL customers can answer my question regarding the spikes. Does ODL compensate costumers regarding spikes or is it bad luck for the customer?
persistence and determination alone are omnipotent
  • #31
  • Jan 10, 2009 7:13pm Jan 10, 2009 7:13pm
you all can try to demo MBtradings mt4 ECN. looks good to me so far. can't wait till the get out of beta. they said it could be 3 weeks. but ni definate date as of yet. you have to ask the MBT university live support and not the skype live support to give you a username and password or else the platform won't open. no micros, just minis there. I saw the spreads go to zero in the asian session! there is a commision charged and that lets me know they are the real deal ECN.
  • #32
  • Jan 10, 2009 8:41pm Jan 10, 2009 8:41pm
Quoting hazelj80
you all can try to demo MBtradings mt4 ECN. looks good to me so far. can't wait till the get out of beta. they said it could be 3 weeks. but ni definate date as of yet. you have to ask the MBT university live support and not the skype live support to give you a username and password or else the platform won't open. no micros, just minis there. I saw the spreads go to zero in the asian session! there is a commision charged and that lets me know they are the real deal ECN.
Maybe, but they are def th emost expensive ECN out there.
  • #33
  • Last Post: Jan 11, 2009 3:39am Jan 11, 2009 3:39am
Quoting fxtrader42
Maybe, but they are def th emost expensive ECN out there.
you can still make a profit off of .50 cents for every 10k traded. I'd rather do that than deal with a crooked mt4 broker and be able to use my scalping EA's any day
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