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ODL Markets review, oil trading platform
Published on February 23, 2010 by oilprices · 1 CommentODL Markets Review – Oil Trading Platform
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ODL Markets (ODL Securities Limited) is a leading, independent FOREX, derivatives, equity and commodity trading house. ODL Securities Limited is authorised and regulated by the FSA and is a member firm of the London Stock Exchange and NYSE Euronext, LIFFE. It is also a designated broker and a member of APCIMS.
Trading oil, as opposed to buying it, is exactly the same as trading forex or shares. As an investor you can gain exposure to the oil markets without the hassles and costs of storing and insuring the physical commodity. You can profit from falling prices as well as rising prices but similarly can lose from rising prices as well as falling prices. You can take advantage of leverage, effectively enabling you to buy huge quantities with just a small deposit, potentially pocketing handsome profits (or equally risking large losses) from even the smallest movements in price.
Oil Trading With ODL Markets
Online oil trading allows you to gain cost-effective, fast, flexible and geared exposure to gas oil and crude oil markets via the world renowned MetaTrader 4 platform. The ODL/MetaTrader system has a user-friendly front-end trading interface and is rich in features such as technical analysis, charting and expert advisors to help you develop and better manage your trading strategies. MetaTrader 4 Mobile is available for your PDAs and mobile phones too, so you can trade from wherever you like.
Visit ODL Markets today and Start Trading Oil With the Pro’s
The Positive Points:
• Trade in both WTI and Brent crude oil futures
• Low margin requirements of just 1% together with fixed and highly competitive spreads
• No exchange fees, no clearing fees, no commission and no dealer intervention
• Access to the latest news on oil prices and our free daily oil commentary offering fundamental and technical analysis
• 100 barrels minimum trade (exchange minimum of 1,000 barrels)
• $1.00 tick value
• 5 cent spread
• Our market leading products, cutting-edge technology and unrivalled 24-hour support
• Our fast online application process
• Transparent, instantaneous processes and pricing
• Services designed around your needs giving you complete control
• Real time risk management enabling you to derive maximum profit for minimum risk
The Negative Points:
• The minimum amount required to trade oil is $500 USD, which is slightly higher than other more basic systems, however ODL Markets cater for a more professional investor or speculator, hence if you are serious about trading oil then this is the platform to go for.
Summary:
ODL Markets understand oil trading and it’s their aim to help you understand it too. You will be able to trade in both WTI and ICE Brent oil on a fixed 5 cent spread. Their world renowned MetaTrader 4 platform, the ultimate solution for online trading, technical analysis and automated trading. With MetaTrader 4, you get everything you need to boost your trading.
You will be able to practice trading in Brent & WTI mini spot oil contracts with your MT4 Demo Account for free. You are allowed to hold simultaneous long and short positions on the same account.
Visit ODL Markets today and Start Trading Oil With the Pro’s
Tags: forex, odl markets, odl markets review, oil trading platform, review
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ODL has one of those multi-purpose platforms that can be used for trading not only oil, but also gold, silver, and other instruments. I tried the demo as the minimum amount required to open a regular account was on the high side at $2000. I got a 2 pips spread on the majors, and I could hedge as well.
Platform was good as it was meta trader, with the usual trailing stops, tech analysis, charting and other indicators. If you ask me what’s best about these data feeds, it is undoubtedly the Dow jones live feeds. Couple this with the multilingual availability of the website, and that makes the trading experience enjoyable. It is one of those few traders that is even registered with the FSA in Japan. So you are safe with a company that is pretty well regulated. Another advantage with ODL is the real time market analysis whenever crucial economic data releases are made. That helps your trading because often these insights prove useful in figuring out which way the market would move. It is these small features that sets ODL apart from the others.