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No Regulation
Score
1.56 /10
Danger
OTT TRADING
5-10 yearsSuspicious Regulatory License
New Zealand Financial Service Corporate Revoked
Suspicious Overrun
High potential risk
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Comparison
Quantity 2
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.35
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
3
Previous Detection :
2024-09-28
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- New ZealandFSPR (license number: 419586) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
WikiFX Verification
Exposure
2 pieces of exposure in total Pyramid scheme complaint
ExposeNote:OTT Trading's official website:http://www.OTT Trading.com/en// is currently inaccessible normally.
| Aspect | Information |
| Company Name | OTT Trading |
| Registered Country/Area | New Zeland |
| Founded Year | 2012 |
| Regulation | (FSPR)Revoked |
| Trading Platform | MT4 |
OTT Trading Information
Founded in 2012 and situated in New Zealand, OTT Trading runs on a revoked FSPR rule. Although the platform provides trading through MT4 and MT5, its revoked regulatory status calls questions regarding its validity and security for traders.
Is OTT Trading Legit or a Scam？
 | Financial Service Providers Register(FSPR) |
| Current Status | Revoked |
| Regulated by | FSPR |
| License Type | Financial Service Corporate |
| License No. | 419586 |
| Licensed Institution | OTT TRADING GROUP LIMITED |
Downsides of OTT Trading
Operating under a revoked FSPR regulation, OTT Trading greatly compromises its reputation and calls questions on its authenticity and the protection of traders' cash.
The website has been identified for having a dubious scope of business and suspicious overruns, so suggesting a high possible danger for users who might come into contact with dishonest behavior.
Manipulated market circumstances and disappearing customer assistance following deposits are among the several user complaints concerning scams and dishonest behavior linked with OTT trading.
Negative OTT Trading Reviews on WikiFX
WikiFX lets users remark using exposure as a key tool in the exposure part.
Before trading on unofficial platforms, traders should check material and evaluate dangers. About related details, kindly review our website.
OTT trading has 2 exposures on Wikifx. I will introduce everyone of them.
Exposure.1 Scam
| Classification | Scam |
| Date | January 3rd,2020 |
| Post Country | Hong Kong,China |
The client claimed OTT Trading collected deposits, then vanished, tricking them through a livestream group.You can go:
https://www.wikifx.com/en/comments/detail/202001037762562148.html
Exposure.2 Fraudulent platform
| Classification | Fraudulent platform |
| Date | December 23rd,2019 |
| Post Country | Hong Kong,China |
The customer claimed OTT Trading is a fraud platform designed to manipulate the market so users lose money.You can go:
https://www.wikifx.com/en/comments/detail/201912238932573670.html
Conclusion
OTT Trading is not a safe place to trade.The FSPR regulation has been repealed and there have been several complaints about scams. In order to have a more secure experience, users should select regulated brokers who have clear business practices.
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