ODLS Securities Offers Stable Forex Investment Platform

Finding the best Forex broker can be a bit difficult because there are literally dozens of reputable firms from which to choose and all seem to offer some distinct advantage or service that makes them a little different than the rest. If you are new to the currencies market then you might be a bit surprised by the “commission-free trades” so commonly advertised by many of the top brokers. However, with Forex, the cost of the trade really comes down to the spread, or the difference between the “bid” and the “ask” price.

The bid price is the amount that a retail Forex trader would pay a broker for a currency pair. The bid price is the minimum amount that a trader can turn around and sell that position back to the broker. You see, the broker never actually charges anyone directly but instead buys a position from a large investment institution, then sells it to the retail trader, and then pockets the difference. So, a broker might set the ask price of a currency pair at $1.250 and the bid price at $1.246 leaving the spread at 4 pips. Because the standard transaction size on the Forex is $100,000, that means the broker would make $40 on that trade.

With a minimum deposit of $5,000, ODLS will provide investors with a 2 pip spread on all the major currency pairs, including: EUR/USD, USD/JPY, USD/CHF, EUR/JPY, EUR/GBP, AUD/USD, and the GBP/USD. ODLS also offers a mini account with a minimum deposit of $500 and their regular accounts have a minimum deposit of $2500 but both will involve higher spreads because smaller transactions will necessarily be leveraged more and thus will necessitate larger spreads.

To help you learn how to use their Forex trading platform called ODL J-Trader, the broker offers a free demo that will allow you conduct trades without risking any of your money. Once you are ready to begin actual trading, features like One Click Scalping and the ability to engage in multi exchange spread trading will allow you to enhance profits and take better advantage of emerging opportunities as they present themselves.

Although they have only been a Forex broker since 2003, ODLS has been offering investment services since 1994 and is based out of England. All ODLS Forex transactions are regulated by the NFA, FSA, and CFTC so you can be sure that your money is secure. Interest is paid on any cash balances at the current rates.

ODLS is definitely not the best place for newbie investors but is a great firm for those who know what they want and have a pretty good idea how to play the market. There is no live chat function so your support questions will have to be address by e-mail which is part of the reason why this broker is not the best for newer investors. However, they are a very reputable firm offering very competitive spreads and a host of investment options to choose from outside of Forex for the more adventurous investor.

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