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ODL Securities Inc (USA)

Company
Name of the Broker ODL Securities Inc (USA)
Accounts
Demo account link
Live account link
Ratings
Overall Rating 7
Safety of funds 5
Software ease of use 8
Tools and resources 4
Set-up process 5
Customer support 6
Timeliness of application 5
Funding options 8
General
Dealing desk/NDD DD
Minimum account size 2000
Max leverage 100:01
Application processing time 1 week
Fixed spreads yes
Fractional pips no
Automated trading yes
Offer options yes
News and Charts
Free charts yes
Free charts with broker feed no
Premium charts w/feed no
Trading off charts no
News yes
Economic calendar yes
Applications and Usability
Integrated charts yes
Integrated news yes
Margin watcher yes
Trailing stops yes
Web based application no
Downloadable application no
MT4 available yes
Training video available no
Usability of software (1=poor, 5=very good) no
Courses and Webinars
Free training signals no
Webinars no
Beginner course yes
Intermediate course yes
Advanced course no
Help and Support
Phone Support 1 312 893 5070
Live Chat Live Chat
Email support Email Support
Other Details
CFTC/NFA member yes
FSA (London) yes
Other (by whom)
Segregated account available no
Segregated account standard no
Client funds held separate from operating funds no
Balance sheet available yes
NFA member page

ODL Securities Basics

ODL Securities, which was established in 1994 and has offices in London, Chicago and Tokyo, offers trading in the forex market as well as CFDs, equities, futures, and options, depending on where the trader is located. For US residents, they offer forex as well as gold and silver. Spreads start at 2 pips and they offer both a proprietary trading platform as well as Metatrader 4. ODL Securities is regulated by the CFTC and an NFA member. Clients of ODL Securities can fund via credit card, check or bank wire. They also have prime brokerage services.

Most Popular Features of ODL

ODL Securities is one of a handful of firms that pay interest on unused funds. They also offer clients in the US the ability to trade gold and silver which is also very rare. 

Trading Tools

ODL Securities provides traders with an economic calendar to prepare them for the trading day ahead. 

Education Provided by ODL Securities

ODL Securities offers what it calls, ODL Forex Tutor. This is a 6 step program that teaches traders the basics about the forex market. The features that help this program to stand out from other forex tutorials is that it teaches entry points as well as money management..

Spreads

Spreads start at 2 pips for ODL securities, but are variable.

Regulation

ODL Securities is regulated by the CFTC and an NFA member. More can be learned about ODL from their NFA member page or their website, http://www.odlsecurities.com/usa/.

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