OTFX

Note: OTFX's official website: https://www.otfx.com/#/ is currently inaccessible normally.

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

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.

Trading Platform

OTFX offers the OTFX platform, accessible through web, desktop, and mobile devices.

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.