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As late as last night (Dec 15-16) I was trading successfully with ODL. I use ODL through their US broker Back Bay.
This morning I received the following email:
Good Morning.
Unfortunately ODL Securities has decided not to allow the FapTurbo Expert Advisor Program. ODL has notified us here at Back Bay FX that those of you on this e-mail have had your accounts suspended at ODL Securities.
We at Back Bay FX, while not associated with FapTurbo, understand the methodology of the FapTurbo Expert Advisor and have partnered up with a clearing firm that willingly accepts the program. Additionally, we have created an agreement with this firm that clients who open an account with Back Bay FX will get a 5% credit on their initial balance!! This offer lasts until Jan 2, 2009. Please note that there are other firms that charge additional pips on your spread!! Back Bay does not; we would rather our clients be successful and have a long lasting relationship with them.
I have put the link to our special offer below. Unfortunately, ODL will not reverse their decision, and your options of brokerage firms that accept FapTurbo is now limited. Please call us with any questions or concerns.
www.backbayfx.com/fxdd_live.php
Regards,
Stephen G. Leahy
President
Back Bay FX Services, LLC
160 Commonwealth Ave, L8
Boston, MA 02116
I talked to Stephen Leahy this morning and he is also very frustrated with ODL. According to him very bad decision making. They don't even give their clients a chance to stop using it to keep their accounts open. Back Bay has partnered with FXDD and if any of
you are using ODL through Back Bay you can sign up and transfer your funds within 24 hours. Stephen has talked to FXDD and they are aware of Fap Turbo and have no problem with it. According to Stephen the people on the dealing desk at ODL don't know how to handle Fap Turbo to make a profit. Instead of finding a way to make it work for them, which is what they should have done according to Stephen, they just decided to dump clients who are using it. Pretty sad.