Rating Index
Pros
User-friendly trading platform with MetaTrader 5 available on PC, web, and mobile.
Offers a wide range of trading instruments, including over 70 forex currency pairs and various CFDs.
High leverage options available, allowing for potentially larger returns on investments.
Cons
Lack of proper regulation raises significant concerns about the safety of funds and the legitimacy of the broker.
Numerous user complaints regarding withdrawal issues and allegations of fraudulent activities.
High leverage can also lead to substantial losses, increasing the risk for traders, especially beginners.
OTM Trade broker Accounts
OTM - Account Type
OTM offers a variety of account types tailored to meet different trading and investment goals. The available account types include:
- 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
- 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 Your Account Type: Evaluate the available account types (Standard, Executive, Pro) based on your trading needs and minimum deposit requirements.
Visit the OTM Website: Navigate to the OTM official website to access the account registration page.
Fill Out the Application Form: Provide the necessary personal information, including your name, address, email, and phone number.
Submit Identification Documents: You may need to upload identification documents for verification purposes.
Fund Your Account: After approval, fund your account with the minimum deposit required for your chosen account type.
Start Trading: Once your account is funded, you can start trading on the MT5 platform.
For more details, visit OTM Account Comparison.
OTM Broker Account Opening Process
Opening an account with OTM is straightforward. Follow these steps:
For more information, visit OTM Official Site.
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