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ODL is Closing US operations

  • #41
  • Jan 26, 2009 1:44pm Jan 26, 2009 1:44pm
Quoting geojams
It is probably just human error. The advertiser hasn't taken down the banner ad yet.

I just called FXCM. They have not setup my account yet and have no ETA on when it will be available. Luckily I have another Forex account with Thinkorswim with some money in it. Also, I will probably end up using my as yet unfunded IBFX account as my main account and just keep a small amount of cash in FXCM. So far they have not instilled a great deal of confidence in me that they are on the ball.
FXCM sent me a private message about this. It seems ODL has not sent over my account info yet. Kudos to them for following up. Now it is in ODL's court. Hopefully this gets resolved today.
  • #42
  • Feb 3, 2009 12:05pm Feb 3, 2009 12:05pm
Just a quick follow up, I ended up opening an account with IBFX. I also have an account with Thinkorswim, so I just pick whoever has the best spread at the time. I faxed over a form to ODL to get my money back from them. Still waiting on that to go through....
  • #43
  • Feb 8, 2009 4:56pm Feb 8, 2009 4:56pm
all MT4 brokers are just crooks waiting to take your money.

forex is no different than gambling really, in the end... the house (broker) always wins.
  • #44
  • Feb 8, 2009 5:33pm Feb 8, 2009 5:33pm
Quoting dengzhi
all MT4 brokers are just crooks waiting to take your money.

forex is no different than gambling really, in the end... the house (broker) always wins.

One of my brokers is MT4 and I make a good full time income from trading. You obviously do not know what you are talking about.
  • #45
  • Feb 8, 2009 6:50pm Feb 8, 2009 6:50pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting dengzhi
all MT4 brokers are just crooks waiting to take your money.

forex is no different than gambling really, in the end... the house (broker) always wins.

Nonsense:nerd:
  • #46
  • Feb 8, 2009 8:48pm Feb 8, 2009 8:48pm
Quoting ut2DaMax
Might FXDD BE A BETTER CHOICE ? I am with IB BBFX and these two are all they offer as alternatives to ODL

Thanks
I have tried FXCM..and will never go back...have been with FXDD for 4yrs now and have no real issues with them....and they offer MT4 Platform....They are not part of NFA...which is fine with me, less rules to worry about, and plenty of brokers that are part of the NFA have gone by the way side.......It's ashame about ODL...since I was thinking about possible switching just because of the 2pip spreads on the Majors....There are some other brokers out there with tight spreads but they are not in US...so make me a little nervious...FX Trading has been calling me latley...but they are located in the Bohamas...but they say the offer 2pip spreads on the majors....if any one here is using them to live trade I would like to hear any comments about this company....
  • #47
  • Feb 8, 2009 9:23pm Feb 8, 2009 9:23pm
Quoting cgforex
I have tried FXCM..and will never go back...have been with FXDD for 4yrs now and have no real issues with them....and they offer MT4 Platform....They are not part of NFA...which is fine with me, less rules to worry about, and plenty of brokers that are part of the NFA have gone by the way side.......It's ashame about ODL...since I was thinking about possible switching just because of the 2pip spreads on the Majors....There are some other brokers out there with tight spreads but they are not in US...so make me a little nervious...FX Trading has been...
I concur about ODL. When I traded with them I always had excellent fills, without slippage or requotes and no stop hunting. I will miss them.
  • #48
  • Feb 17, 2009 11:38am Feb 17, 2009 11:38am
Quoting DaleC
I concur about ODL. When I traded with them I always had excellent fills, without slippage or requotes and no stop hunting. I will miss them.
I am demoing there UK based system now. Why would you not move to the UK side of ODL. I am in Canada so almost all brokers are foreign to me.
  • #49
  • Feb 17, 2009 11:56am Feb 17, 2009 11:56am
Quoting flyer415
I am demoing there UK based system now. Why would you not move to the UK side of ODL. I am in Canada so almost all brokers are foreign to me.
That was the first thing I tried to do when I heard the news, but the UK does not allow USA citizens to trade a live account with a UK firm.
  • #50
  • Last Post: Feb 17, 2009 12:19pm Feb 17, 2009 12:19pm
Ok, I was not aware of that. i thought it was due to a poor opinion of them. thanks for clearing it up.
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