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ODL Markets reviews
Average: 1.3 based on 3 reviews
ODL Markets
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ODL Markets has been acquired by FXCM
- Website: www.odlmarkets.com
- Year since: 1994
- Headquarters: London, United Kingdom
- Company registration: ODL Securities Ltd., United Kingdom
- Regulation: FSA UK (reg. #171487)
- Notes: ODL Securities Limited is now FXCM Securities Limited, a member under the FXCM Inc. group of companies.
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REVIEWS & RATINGS




fxgoldmaster, Jamaica
February 14, 20104 years Total
1 year live with this Broker
I started an account with these guys first with a few hundred thousand US Dollars, it was being traded by a friend of mine, we made over 100% in profits. We lost most of it in October 2008 during the extreme market movements. I however re- funded the account with much less and tried again. This time after making some good profits, very good, we decided to make a withdrawal of some of those profits. All of a sudden they began to complain about the trades and the lot sizes and all sorts of excuses. They then proceeded to suspend my accounts for no good reason. They after a few days re-instated the accounts and I lost a few % of my balance that day but went on to start to make profits by the next night, they froze my account since then and refunded only a small portion of my account balance. Their automated systems sends me my legitimate statement every night even until tonight 2/14/2010. Yet they refuse to answer me about my money. Only delays and delays and excuses.
They even verbally insulted me the 1st time they sent me a part of my funds and told me to "take it and stuff it "-in their Queen's English Accent. When I opened my account with them they were very polite and accomodating. They are now accusing me of bad trading on some of the trades I made. They have promised me several times that they will tell me what I did wrong in writing. They at even one time told me that they sent via regular mail(snail mail) a report of what I did wrong, and this is since October 2008,still not received. I smell fraud!!
I think that they have the possibility to be a good and honest company and I will try to get my money again, if they respond favorably I WILL send my full report here. But as things stand now... PLEASE BE CAREFUL!!!
They have taken my hard work and my money for a joke and I have had a big suffering because of them.
fxgoldmaster[at]gmail.com R.M. Jamaica
Franck
July 1, 20093 years Total
2 months with this Broker
Extremely poor service. These people will not answer your questions, or acknowledge your requests without processing them, etc...
They fall into the category of broker that only care about getting the (not so cheap) commissions. They actually even overcharged me and I had to negociate to get that fixed!!!
Left ODLS after less than 2 months.
Mohammed furqan/Pakistan
March 10, 20094 years Total
1 year with this Broker
I m not satisfy with odl, because he was always traded against traders and spreads r highly volatile ,not allow trading in before news and he filled prices. I recommend all of new bies please please do not trade with odl. Thanks. Professor Furqan (Economist )