Rating Index
Pros
Regulated in New Zealand, providing a level of oversight and credibility.
Offers a user-friendly trading platform, which enhances the trading experience for users.
Positive customer reviews indicate satisfactory customer support and overall value.
Cons
Regulation is considered suspicious, which may raise concerns about investor protection.
Limited transparency regarding fees and commissions, which could affect trading costs.
Potential difficulty in standing out in a competitive market due to similar offerings as other brokers.
ODM broker Accounts
OTM Account Type
OTM offers three distinct types of trading accounts designed to meet various trading and investment goals. Each account type comes with unique features, spreads, and requirements:
- Standard Account
- Platform: MT5
- Spread: Starting from 1.2 pips
- Commission: Zero
- Swap Free: Yes
- Minimum Deposit: $100
- Leverage (Forex): 1:1000
- Leverage (Shares): 1:20
- Margin Call: 100%
- Stop Out Level: 20%
- Partial Closure: Yes
- Executive Account
- Platform: MT5
- Spread: 1 pip
- Commission: Zero
- Swap Free: Yes (with conditions)
- Minimum Deposit: $500
- Leverage (Forex): 1:500
- Leverage (Shares): 1:20
- Margin Call: 100%
- Stop Out Level: 25%
- Partial Closure: Yes
- Pro Account
- Platform: MT5
- Spread: 0 pips
- Commission: $3.5 (per side)
- Swap Free: No
- Minimum Deposit: $5,000
- Leverage (Forex): 1:400
- Leverage (Shares): 1:20
- Margin Call: 100%
- Stop Out Level: 20%
- Partial Closure: Yes
- Choose Account Type: Select the account type that best fits your trading and investment needs.
- Visit the Website: Go to the OTM official website.
- Complete the Application: Fill out the online application form with your personal details.
- Submit Documents: Upload the required identification documents, such as a valid passport or national ID.
- Verification: OTM will vet and verify your information through their CRM system.
- Account Approval: Once verified, you will receive a notification via email that your account is approved and ready for funding.
- Fund Your Account: Deposit the minimum required amount to activate your account.
For more details, you can visit OTM Account Comparison.
OTM Broker Account Opening Process
To open an account with OTM, follow these steps:
For more information on the account opening procedures, you can refer to the Typical Account Opening Procedures for Broker Dealers.
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