The brokerage firm positions itself as one of the leading companies in the world of online trading, operating for over 10 years. In addition, this “licensed service provider” describes itself as an exceptionally “honest” intermediary that encourages the introduction of “innovative technologies”. However, the official website does not provide the founding date, license, names of the executives, or the business model.

Is this platform really safe and can you easily trade here with profit? Our independent Otc-500 review will show how reliable this broker is.

How to Trade

The trading platform provides customers with the opportunity to earn on 150 currency pairs of the Forex market and leveraged CFDs. Overall, the intermediary offers trading in commodities, indices, and cryptocurrencies with more than 200 instruments.

You can choose from the following services:

  • Opening a trading account from 9 tariff plans.
  • No margin trading and use of scalping.
  • Negative balance protection and expert assistance.

You will enjoy zero commissions and instant processing of withdrawals via bank and electronic payment systems. The firm guarantees to keep client assets separate from corporate funds. However, Otc-500 does not provide details about its partners.

Your account will be blocked until the activated bonus is worked out.

Additional functions are represented by a ticker of online quotes of currency pairs; the site has a News section.

Otc-500 Vital Info

The broker proudly claims many years of experience, thanks to which the platform has received several awards. However, the owners of the project are in no hurry to show proof of this information and do not disclose its start date. As for the domain, it was created only in March 2024. Where could the rewards come from for such a short period of work? Perhaps in this way the company is trying to convince us of its reliability.

The project team is supposedly based in the UK, and it also has offices in Switzerland and the US. Note that we checked the registers of legal entities in these countries and did not find Otc-500 in any of them. Meanwhile, this brokerage firm is not at the address in Zurich, where the watch and perfume stores are located. There are no offices of this company listed either in the Financial Building in New York or at the listed address of its headquarters in London. Therefore, we did not look for licenses; it is clear that this broker cannot have them.


What are the key facts about Otc-500?

The company's start date is not indicated on the website. The owners of the project mislead potential clients regarding the company's legal address and the location of its offices. The brand is not registered in any country and does not have a license for brokerage activity.

What's the risk to my wallet when working with this broker?

The lack of legal status and license to conduct financial activities, as well as the company’s statement about many years of work and numerous awards in the presence of a fresh domain, indicate the danger of cooperation with this project. In addition, leverage of more than 1:30 is prohibited in the UK as it is risky for the trader.

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