OTM Forex Broker keeps up-to-date with the latest trading account information, including Standard, Executive, Pro maximum leverage of Forex 1:1000; Shares 1:20, trading varieties, and more
Rating Index
Pros
Wide range of trading instruments including over 70 forex currency pairs, commodities, and indices.
High leverage options up to 1000:1, which can amplify potential profits for experienced traders.
Accessible trading platform available on PC, web, and mobile, utilizing MetaTrader 5 for a user-friendly experience.
Cons
Lack of proper regulation, raising concerns about the safety and security of client funds.
Numerous negative reviews and reports of withdrawal issues, indicating potential scam activities.
Minimum deposit requirement of $100 may attract inexperienced traders to a potentially risky environment.
OTM broker Accounts
Standard
Executive
Pro
OTM Account Types
OTM offers several types of trading accounts tailored to meet the diverse needs of traders. The account types include:
- Standard Account
- Platform: MT5
- Spread: Starting from 1.2 pips
- Commission: Zero
- Minimum Deposit: $100
- Leverage (Forex): 1:1000
- Swap Free: Yes
- Trading Instruments: FX, Metals, Commodities, Indices, US Shares, EUR Shares
- Executive Account
- Platform: MT5
- Spread: 1 pip
- Commission: Zero
- Minimum Deposit: $500
- Leverage (Forex): 1:500
- Swap Free: Yes*
- Trading Instruments: FX, Metals, Commodities, Indices, US Shares, EUR Shares
- Pro Account
- Platform: MT5
- Spread: 0 pips
- Commission: $3.5 (per side)
- Minimum Deposit: $5,000
- Leverage (Forex): 1:400
- Swap Free: No
- Trading Instruments: FX, Metals, Commodities, Indices, US Shares, EUR Shares
Choose Your Account Type: Decide on the type of account that suits your trading needs (Standard, Executive, or Pro).
Visit the OTM Website: Go to the official OTM website to start the registration process.
Fill Out the Registration Form: Provide the necessary personal details, including your name, email address, and phone number.
Submit Identification Documents: You may be required to submit identification documents for verification purposes.
Fund Your Account: After your account is approved, make the initial deposit according to the account type you selected.
Start Trading: Once your account is funded, you can begin trading on the MT5 platform.
*Note: Swap charges will apply when holding positions for more than 10 days.
OTM Broker Account Opening Process
To open an account with OTM, follow these steps:
For more detailed information, you can visit OTM's official website at OTM Account Comparison.
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