Home -

Main body -

WikiFX Express

Exness

OTM Trade

WikiFX | 2024-08-05 17:31

Abstract：OTM Trade is currently regulated by Badan Pengawas PerdagangarBerjangka Komoditi Kementerian Perdagangan and Indonesia Commodity and Derivatives Exchangeis but it's been under "Clone Firm" status. Both OTM Trade's licenses are clones implies OTM Trade lacks valid regulation. This means that the broker is not a safe forex broker. We recommend that you look for a regulated broker as an option.

Is OTM Trade a Scam？

Scam Brokers List

OTM Trade has been listed on WikiFX's Scam Brokers list. The platform operates as a Ponzi scheme. Please be aware of the scam domain as follows:

https://www.otmtrade.com/

Regulatory Concerns

OTM Trade is currently regulated by Badan Pengawas PerdagangarBerjangka Komoditi KementerianPerdagangan and Indonesia Commodity and Derivatives Exchangeis but it's been under “Clone Firm” status. Both OTM Trade's licenses are clones implies OTM Trade lacks valid regulation. This means that the broker is not a safe forex broker. We recommend that you look for a regulated broker as an option.

Scam Exposure

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there are 59 pieces of OTM Trade exposure in total. I will introduce 2 of them.

Exposure 1. Can not withdraw

Classification	Unable to withdraw
Date	2020-07-01
Post Country	Hong Kong, China

The user said that the fund became unavailable after it was transferred into Ouli. You may visit: https://www.wikifx.com/en/comments/detail/202007012992880781.html

Exposure 2. Fraud broker

Classification	Others
Date	2020-05-30
Post Country	Hong Kong China

The user said the leader Wang Fuwen had disappeared and the platform ripped him off. You may visit: https://www.wikifx.com/en/comments/detail/202005298992219853.html

Leverage Broker Commission Currency Pair Dealer

Related broker

Scam Brokers

OTM Trade

Company name：OTM Capital

Score

1.58

Website：http://www.otmtrade.com/

Scam Brokers | 5-10 years | Suspicious Regulatory License | Suspicious biz area

Score

1.58

Advanced Markets Exposed: Faulty Copy Trading & Execution Failures Cost Traders Dearly

Attracted to Advanced Markets for the expert-led copy trading experience? Did you earn profits from the copy trade executed by the expert hired by the forex broker? But did the broker question some trades even though you paid the performance fee to the expert? Is the trade order execution time too slow at Advanced Markets? Do you witness high slippage issues? You are not alone! Many traders have shared these concerns online. In this Advanced Markets review article, we have described some complaints. Take a look!

Original 2025-12-12 20:39

Is WisunoFX Safe? An Unbiased 2025 Assessment of Platform Risks and Red Flags

Is WisunoFX a safe broker for your money? The answer is not simple. After looking at everything carefully, the platform gets a score of 7.21 out of 10. This means it has both good points and serious risks. For traders who want to research before investing, WisunoFX has two sides: it offers good trading conditions, but it also has some structural and regulatory issues that need careful thought. The broker has been operating for 5-10 years and has built up a presence in the market. However, it's officially labeled as a "Medium potential risk" platform, which cannot be ignored. Before investing, it's important to compare its good points with its bad ones.

Original 2025-12-12 19:29

A Simple Guide to WisunoFX Rules: Understanding Safety and Risks When Trading

When evaluating any trading company, it is essential to conduct a thorough WisunoFX regulation check first. This broker operates under two distinct sets of rules, which you must understand carefully. First, it has a license from the Cyprus Securities and Exchange Commission (CySEC), which is a trusted European regulator. Second, it has another license from the Financial Services Authority (FSA) in Seychelles, which is located offshore. These two licenses don't give traders the same level of protection. The CySEC license means the broker must follow strict European Union financial rules, while the FSA license has much less supervision. This guide will explain what each license means to traders, look at the company structure behind the brand, and examine the safety factors every potential client should think about.

Original 2025-12-12 19:21

Is TradeEU Global Safe? Reports of Extra Deposit Requests, High Spreads & Trader Losses

Does TradeEU Global demand an extra deposit every time you raise fund withdrawal requests? Does the constant deposit and trading pressure make you bear capital losses? Are the high spreads lowering your trading gains? Many traders have criticized the Mauritius-based forex broker for allegedly carrying out these fraudulent trading activities. In this TradeEU review article, we have disclosed some complaints. Take a look.

Original 2025-12-12 18:58