Otto Forex Account Type

Otto Forex offers a variety of account types to cater to different trading needs. Although specific details about the account types are limited, the following information is available:

• Micro Account:
• Minimum Deposit: $100
• Spread: From 1.5 pips
• Leverage: Up to 500
• Minimum Lot Size: 0.01
• Islamic Account:
• Minimum Deposit: $200
• Spread: From 1.2 pips
• Leverage: Up to 500
• Minimum Lot Size: 0.01
• ECN Account:
• Minimum Deposit: $1,000
• Spread: From 0.0 pips
• Leverage: Up to 200
• Minimum Lot Size: 0.10
• VIP Account:
• Minimum Deposit: $5,000
• Spread: From 0.0 pips
• Leverage: Up to 200
• Minimum Lot Size: 0.10

Otto Forex Broker Account Opening Process

To open an account with Otto Forex, follow the steps below:

• Visit the Website: Go to the official Otto Forex website.
• Select Account Type: Choose the account type that suits your trading needs (e.g., Micro, Islamic, ECN, VIP).
• Complete Registration Form: Fill out the online registration form with your personal details.
• Submit Documents: Provide necessary identification and proof of address documents as required for verification.
• Account Verification: Wait for the verification process, which typically takes 24-48 hours.
• Fund Your Account: After verification, deposit the required minimum amount to activate your trading account.
• Start Trading: Once your account is funded, you can begin trading on the Otto Forex platform.