Dear valued clients,
Please be advised that we have received numerous inquiry from clients in regards to the newly established broker – Fintech, which the company is in relations with Odin Management. This announcement is to announce that Odin Management has no business corporation with Fintech and therefore Odin Management will not be responsible for any matters in regards to Fintech.
If you have any queries or request, please do not hesitate to contact us, we are most happy to assist.
Odin Management Customer Support Team
For an exact understanding of the principles of ECN broker working, let us remind ourselves how the market value of any financial asset is formulated on FOREX - the dynamic of value is subordinate to the law of supply and demand. An increase in price always follows increased demand and vice versa. On FOREX (as in any other market) some participants wish to buy, others want to sell.
ECN brings together several major FOREX participants, significantly widening the flow of liquidity on financial assets. Accordingly traders receive access to the interbank market. The mechanism for ensuring this access will be looked at in more detail later.
Having implemented the technology for transmitting its clients' bids (for their subsequent execution) into the trading systems of the major market participants, Odin Forex has gained the opportunity to invite traders to exploit all the advantages of ECN in their work.
It can be said that ECN is an interbank market in which the execution of bids not only precludes a conflict of interest between brokers and traders but also, in the absence of a monopoly on pricing, allows the execution of clients' bids at best prices. A regular ECN broker receives income on his commission account which clients pay for each transaction, and does not take any part in the formation of the pricing on a specific trading instrument. Current prices are primarily determined by the bids of participants in the system.
Odin Forex is a financial institute offering a gateway to interbank liquidity allowing to provide our clients with top class trading facilities.
We use our MT4 bridge to connect your trading terminal directly to the interbank market.
We are looking for loyal clients who will be with our company for a long period of time. We realize that only full transparency of business and unrestricted trading opportunities can lead to success.