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There are more than 50 FX brokers. Narrow your selection to 2-3 brokers; then evaluate these few in depth.

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BROKER RANKING

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FX Broker Rankings
Leaders by Broker Satisfaction
Worldwide
Americas
Europe
Asia
Africa
Oceania
#1Go Markets64 %----------
#2ThinkOrSwim33 %----------
#3CMS Forex24 %44 %30 %------
#4Deutsche Bank (DB FX)21 %45 %0 %------
#5Forex Club (US)18 %----------
#6Interactive Brokers14 %41 %--------
#7OANDA8 %9 %6 %10 %--36 %
#8Interbank FX8 %20 %-10 %2 %----
#9Alpari (UK) Ltd6 %--4 %-8 %6 %--
#10MB Trading5 %2 %7 %27 %----
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RANDOM BROKER PROFILE

ODL Securities
www.odls.com
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FOREXDS EVALUATION

OverallOverallPlatformClient SvcsAccountsFunding
all timelast 3 moall timeall timeall timeall time
Official Name:ODL Securities
Website:www.odls.com
Company Domicile:United Kingdom
Business Model:Principal broker (Dealing Desk)
Spreads:Variable
Accounts Notes:They are not specific about Micro, standard, etc sized accounts. Only Individual, Joint, Corporate, Introducing Agent, Introducing Broker, Fund Manager, and Trust Accounts.
Minimum Deposit:$2000
Islamic Account:Available
Highest Leverage:100:1
Trading Platform:MT4, Strategy Runner, MyBroker, Currenex, Lava, Hot Spot. A few of these are specific to equities and commodities trading.
Currency Pairs:26 pairs
Other Securities:Spot gold and spot silver, equities, futures, options, warrants
Scalping Allowed:Yes
Spread Notes:Variable Spreads. Spreads as low as:
  
EURUSD:2.0 pips
USDJPY:2.0 pips
GBPUSD:3.0 pips
USDCHF:3.0 pips
GBPJPY:6.0 pips
Type of Deposits Accepted:Credit/debit card, check, or bank transfer
Deposit Remarks:Wachovia Bank NA, Charlotte, NC Account Name ODL Securities Ltd
Deposit Currencies:USD, JPY, GBP, EUR, CAD, AUD, CHF, Danish Krona, Swedish Krona
Client Funds Bank:
Benficiary Name On Accounts:
Country of Regulation:United Kingdom
Regulatory Organization:UK Financial Services Authority
Regulation Start2004
Known Owners:Garden Party, Ltd; Lorenzo Naldini; ODL Securities Group Ltd; Garret G Wellesley
Ownership Remarks:Sep 09 Update. ODL Securities (also known as ODL Markets for its retail FX business) was formed in 1994 as an options broker. Headquartered in London and regulated by the UK FSA, ODL Securities launched its FX brokerage business in 2004 at which point the firm wisely adopted the MT4 trading platform. Besides FX, ODL also offers precious metals, CFD's, spread betting, equities, futures, options, and crude oil trading - one of the most robust multi-asset offerings of any broker. In 2008, ODL closed its US operations ahead of major regulatory changes that the NFA was pursuing - such as increasing the minimum capital requirement to $20 million. According to ForexDatasource.com data, more than 80% of ODL clients are concentrated in Europe and Asia. In terms of Broker Satisfaction, ODL ranks 3rd in Europe and 2nd in Asia. In terms of platform satisfaction, ODL ranks 1st in Europe and 3rd in Asia.
Number of Clients:Over 30,000 (Forexds estimate)
Client Funds in Custody:
Source
Capital Note:Currently, the United States regulators (CFTC and NFA) are the only ones that publish financial information for FX brokers - meaning that this information is only available for less than 15 brokers.
Regulatory Capital:--
Source:--
Graphical Display:Unavailable
Sep 09 Update. ODL Securities (also known as ODL Markets for its retail FX business) was formed in 1994 as an options broker. Headquartered in London and regulated by the UK FSA, ODL Securities launched its FX brokerage business in 2004 at which point the firm wisely adopted the MT4 trading platform. Besides FX, ODL also offers precious metals, CFD's, spread betting, equities, futures, options, and crude oil trading - one of the most robust multi-asset offerings of any broker. In 2008, ODL closed its US operations ahead of major regulatory changes that the NFA was pursuing - such as increasing the minimum capital requirement to $20 million. According to ForexDatasource.com data, more than 80% of ODL clients are concentrated in Europe and Asia. In terms of Broker Satisfaction, ODL ranks 3rd in Europe and 2nd in Asia. In terms of platform satisfaction, ODL ranks 1st in Europe and 3rd in Asia.
EVALUATIONS
35 votes
AmericasEuropeAsiaAfricaOceania
9 %43 %43 %6 %3 %

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