OTFX

OTFX | 2024-12-12 11:56

Abstract：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.

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.

Leverage Broker Dealer

Related broker

Website：https://www.otfx.com/#/

Scam Brokers | 2-5 years | Suspicious Regulatory License | Suspicious biz area

Score

1.31

OctaFX Flagged by Malaysian Authorities

OctaFX has been officially listed on warning lists by both Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC). These alerts raise serious concerns about the broker’s status and whether it is legally allowed to operate in Malaysia.

Original 2025-06-07 17:33

IronFX Broker Review 2025: A Comprehensive Analysis of Trustworthiness and Performance

IronFX Review 2025: Explore the broker’s AAAA WikiFX rating, global regulations, and $500,000 trading prize. Is it trustworthy or a scam? Dive into our transparent analysis!

Original 2025-06-07 12:06

TradingPRO: A Closer Look at Its Licences

In an industry where safety and transparency are essential, the regulatory status of online brokers has never been more important. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about TradingPRO and its licenses.

Original 2025-06-06 22:16

New SEBI Regulations on Intraday Trading

The Securities and Exchange Board of India (SEBI) has implemented revised regulations on Intraday trading, with effect from November 20, 2024. These regulations are meant to lessen risks and prevent speculative trading practices.

Original 2025-06-06 19:26