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.
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.
Don't let yourself be scammed! Otc-500 only pretend to be a trustworthy company, they are actually scam artists in disguise. They scammed me out of $8,300 and froze my account under false pretenses, so now I can't withdraw anything. Such a gift the crooks gave me for Easter...
I will share my experience of cooperation with this company, although I registered on this site only recently. I have a little experience in trading, but this terminal is convenient for work, everything is clear to me without unnecessary explanations. I liked the fact that otc-500 works with American sites, which was important to me. Another plus is responsive support. Operators always answer quickly and they are really helpful :) The intermediary has quite a few advantages, for example, there are no commissions here, and the terminal has never crashed, however, you should better evaluate all the advantages yourself, as I can not tell you all the nuances. The main thing about this service is that the intermediary continues to prove its reliability and honesty. You should pass verification at otc-500.com at once, otherwise, you may have problems later when withdrawing funds.
When I registered on this site, there were absolutely no reviews about it online. The scammers freely lied to me about how I would be able to make tons of money with them. They promised to assist me in multiplying my capital, and I believed them. I had no doubts that this company could be unreliable. As it turned out - investing in otc-500.com was dangerous. These crooks took all the money out of my wallet, at most, more than 4 thousand euros, and then blocked my account :( They are absolutely indifferent to their customers, I was gullible, so the scammers easily deceived me.
I have a complicated relationship with this broker. On the one hand, Otc-500 can be a good choice for beginners, as the platform is very easy to understand and its design is oriented to make trading simple in all respects. The first impression is positive as the company has really taken care of comfortable trading. On the other hand, I didn't like the closed nature of the company, there are no regulatory documents and Otc-500 license freely available. As for trading, at first, things went very well for me, transactions with crypto brought profit, but after I switched to shares, some of my transactions were blocked and assets were lost. The support didn't explain anything to me well. As of today, there have been no changes, everything is the same as it was.