Suspicious
FXOTP
Contact
Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, LC01 101, Saint Lucia
Regulatory & Licensing Information:
- Regulatory Authority: None
- License Number: Not applicable
- Status: Unregulated
Verification:
- Broker's Claims: FXOTP does not claim to be regulated by any major financial authority.
- Verified Information: Independent reviews confirm that FXOTP is not regulated by reputable financial bodies such as CySEC, ASIC, FCA, or CNMV.
Regulatory Warnings:
- Issuing Body: None identified
- Date of Warning: Not applicable
- Details: No known regulatory warnings have been issued against FXOTP.
Client Feedback
FXOTP has received negative feedback from clients, with reports highlighting issues such as difficulties in withdrawing funds, lack of transparency, and unresponsive customer support. Some users have labeled the platform as a scam due to these concerns.
Important Consideration
Engaging with unregulated brokers like FXOTP carries significant risks, including potential financial loss without adequate recourse. It's advisable to conduct thorough due diligence and consider brokers regulated by top-tier authorities to ensure the safety of your investments.
Tags:
Suspicious Broker
Account & Cost
| Trading Platforms | MT5 |
|---|---|
| Minimum Deposit | - |
| Deposit Options | Bank Transfer, Credit/Debit Cards, Cryptocurrencies, Local Transfers |
| Withdrawal Options | Bank Transfer, Credit/Debit Cards, Cryptocurrencies, Local Transfers |
| Max Leverage | Up to 1:500 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | - |
| Stop Out Level | - |
| Commission | NA |
| Spread Type | Variable, starting from 1.3 pips |
| Account Currencies | USD |
| Trading Instruments | Forex, Indices, Metals, Commodities, Shares |
| Special Promotions | - |
| Additional Features | NA |
| Customer Support | Available 24/5 via email, live chat, and phone |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
| Trading Platforms | MT5 |
|---|---|
| Minimum Deposit | - |
| Deposit Options | Credit/Debit Cards, Cryptocurrencies, Local Transfers |
| Withdrawal Options | Credit/Debit Cards, Cryptocurrencies, Local Transfers |
| Max Leverage | Up to 1:500 |
| Minimum Trade Volume | 0.01 |
| Margin Call Level | - |
| Stop Out Level | - |
| Commission | $7 Per Lot |
| Spread Type | Variable, starting from 0.2 pips |
| Account Currencies | USD |
| Trading Instruments | Forex, Indices, Metals, Commodities, Shares |
| Special Promotions | NA |
| Additional Features | NA |
| Customer Support | 24/5 via email, live chat, and phone |
| Islamic | ✔ |
| EA | ✔ |
| Hedging | ✔ |
| Scalping | ✔ |
| NBP | ✔ |
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