Basic Information
Registered Region 
Australia
AustraliaOperating Period
2-5 years
Company Name
OTFX
Abbreviation
OTFX
Company employee
--
Company Website
Facebook
Instagram
Global Broker Regulation Inquiry App
WikiFX
Scam Brokers
Score
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/10
OTFX
Australia
|
2-5 years
|
Scam Brokers
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
Suspicious Overrun
|
High potential risk
https://www.otfx.com/#/
Website
Rating Index
Contact
https://www.otfx.com/#/
https://www.facebook.com/Otfxcom
https://twitter.com/OTFX_0
https://www.linkedin.com/company/forexotfx/about/
Keywords 6
Scam Brokers
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
Suspicious Overrun
High potential risk
This platform is a Ponzi Scheme. Please stay away!
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
5
6
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Genealogy
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Company Summary
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Comment
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otfx.com
3.24.204.134Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Genealogy
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Relevant Enterprises
OTFX Limited
Active
Registration No. 1484932-9
Established
Related sources Website Announcement
Company Summary
Note: OTFX's official website: https://www.otfx.com/#/ is currently inaccessible normally.
| OTFXReview Summary | |
| Founded | 1-2 years |
| Registered Country/Region | Australia |
| Regulation | Regulated by ASIC (Suspicious Clone) |
| Market Instruments | Forex, Indices, Stocks, Bonds, Commodities CFDs, and Cryptocurrencies |
| Demo Account | / |
| Trading Platform | OTFX Platform |
| Min Deposit | $50 |
| Customer Support | Social media platforms (Twitter, Telegram, Facebook, and Instagram) |
OTFX Information
OTFX is a broker, established in Australia within the past 1-2 years. It offers six types of trading products and provides its proprietary OTFX Platform along with five deposit methods. However, its regulation is suspicious clone. It has a minimum deposit requirement of $50, and lacks transparency regarding account types and fees.
Pros and Cons
| Pros | Cons |
| Offers six types of trading products | Suspicious clone regulation |
| Provides OTFX Platform | Minimum deposit of $50 |
| Offers five deposit methods | Lacks account and fee information |
Is OTFX Legit ?
OTFX is regulated by the Australia Securities & Investment Commission (ASIC) under license number 670 543 772. However, its current status is Suspicious Clone.
What Can I Trade on OTFX?
OTFX offers six types of trading products: Forex, Indices, Stocks, Bonds, Commodities CFDs, and Cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Bonds | ✔ |
| Commodities CFDs | ✔ |
| Cryptocurrencies | ✔ |
Trading Platform
OTFX offers the OTFX platform, accessible through web, desktop, and mobile devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| OTFX platform | ✔ | Mobile and Desktop（Windows & macOS） | Experienced Trader |
Deposit and Withdrawal
OTFX supports a minimum deposit requirement of $50. It supports several deposit and withdrawal methods, including digital currencies, online banking, bank wire transfers, credit cards, and Skrill. Withdrawals can be made via credit or debit cards or bank wire transfers, with processing times typically ranging from one to two working days for online methods, and three to five working days for international wire transfers.
Keywords
- Scam Brokers
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
News
Exposure What is the matter with OTFX?
OTFX, an Australia-based broker with around two years of trading experience, has recently come under scrutiny for its questionable practices.
News OTFX enhances investment precision through technological progress and professional services.
In the investment field, precision is of utmost importance, as the saying goes, "A miss is as good as a mile.
News The impact of OTFX's business philosophy on the financial investment industry.
Before establishing a successful venture, it is imperative to forge a successful team.
News The future trend of OTFX is guiding the financial technology in the foreign exchange domain, reshaping the ecological landscape of the forex industry.
Navigating the path of technological advancement, constructing new heights
News OTFX's principle of customer supremacy: Rigorously safeguarding client privacy in forex trading to ensure business compliance.
To seek the luxuriance of wood, one must first strengthen its roots
News OTFX's Forex Internationalization Strategy: Expanding into the global forex market to increase brand influence.
As the footsteps of time continue to march forward, a globalized market is gradually taking shape.
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范倩芳
Taiwan
A man I met on a dating app told me that he had recently joined an investment group to invest in foreign exchange. It turned out to be a scam and now I can’t withdraw the money I deposited. So I hurry up to expose the whole thing.
Exposure
外汇行业大师
Malaysia
Rubbish platforms, fraudulent platforms. Difficult to withdraw money. Stay away from black platforms as soon as possible.
Exposure
雨火?
Hong Kong
For a securities firm within a year, it is a daily necessities locked market. There is no real transaction. It is just a packaged market.
Exposure
Mandery
Tunisia
OTFX is awesome! They've got a ton of trading instruments to choose from and their educational tools are top-notch. Whether you're a beginner or an experienced trader, they've got something for you to help you grow and succeed.
Positive
Wentworth-Stanley
Argentina
On OTFX, customer service can be quite a rollercoaster—sometimes prompt, sometimes not. Their platform? User-friendly and pretty intuitive. There’s good news for traders on the spreads and fees front—it's in line with the industry standard. But they could spice things up a bit more on the trading instruments front. Their account types are varied, catering to traders across the board. Overall, my OTFX journey has largely been a positive experience.
Neutral
Alistair Hargreaves
Portugal
While their account types offer commendable variety to cater to all sorts of traders, OTFX has room for improvement when it comes to customer service. It's a bit of a hit or miss. On the bright side, the spreads and fees are competitive. However, traders seeking diversity might be underwhelmed by the range of trading instruments available.
Neutral