ODL Review

Important: ODL is Now Closed

The following is no longer correct – see our spread betting company comparison.

At ODL they want you to win, they make a profit from the spread, not your losses.

According to ODL, “ODL Markets is powered by FXCM and only makes a profit from the spread.

“Our No Dealing Desk technology (or NDD for short) gives you access to trade with many of the worlds largest liquidity providers which are all competing for your business.

“Each trade is executed back to back with one of these providers. As a result, ODL does not need to spend time worrying about how to hedge its exposure to a particular currency, we let the banks deal with this part of the transaction.

“The net effect of trading in this way means that we have no conflicts of interest with our clients, in fact, because we only make money on the spread it is in our interests for you to be profitable”

Why ODL?

  • No trade re-quotes
  • No conflict of interest between broker and trader
  • No dealer intervention
  • Place limit and stop orders within 1 pip of the market price
  • Pricing from over 10 banks all competing for your business
  • No maximum deal size
  • Anonymous trade execution
Forex, CFDs, spread bets, futures and options are leveraged products and carry a high degree of risk to your capital and it is possible to lose more than your initial investment and account balance.

Dealing in equities also carries significant risk, and profits are not guaranteed. You should only speculate with money that you can afford to lose. These investments may not be suitable for all investors; therefore, please ensure that you fully understand the risks involved and seek independent advice if necessary prior to entering into such transactions.

Forex Capital Markets Ltd. (FXCM UK) is a subsidiary of FXCM Holdings LLC and is authorised and regulated by the FSA [Registration No. 217689]. ODL Group has agreed on terms to be acquired by FXCM Holdings, and ODL Securities Ltd. will become an affiliate of FXCM UK.

FXCM UK and ODL provide general advice that does not take into account your objectives, financial situation or needs. The content of this e-mail must not be construed as personal advice.