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OTX FOREX Forex Broker keeps up-to-date with the latest trading account information, including ECN, VIP, Islamic Account, Micro maximum leverage of 1:200, trading varieties, and more
Rating Index
Pros
Wide range of trading instruments, including forex, commodities, indices, and precious metals.
Access to the MetaTrader 5 trading platform on multiple devices, including PC, web, and mobile.
High leverage options available, up to 1:1000, which can enhance trading potential.
Cons
Lack of regulation raises concerns about the safety and security of client funds.
Limited information about the broker’s establishment and operational history.
Potential withdrawal fees and restrictions, which may complicate fund access for traders.
OTX FOREX broker Accounts
ECN
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$1000
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
0.10
Commission
--
Products
--
VIP
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$5000
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
0.10
Commission
Commission of $7 per Standard Lot
Products
--
Islamic Account
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$200
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
Micro
Environment
--
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
$100
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
OTX Forex Account Type
OTX Forex offers four distinct types of trading accounts to cater to different trading needs:
- Micro Account
- Minimum Deposit: $100
- Spread: From 1.5 pips
- Leverage: Up to 500
- Minimum Lot Size: 0.01
- Commission: None
- Features: Swapping, hedging, and scalping allowed.
- Islamic Account
- Minimum Deposit: $200
- Spread: From 1.2 pips
- Leverage: Up to 500
- Minimum Lot Size: 0.01
- Commission: None
- Features: Swapping, hedging, and scalping allowed; designed for Muslim traders.
- ECN Account
- Minimum Deposit: $1,000
- Spread: From 0.0 pips
- Leverage: Up to 200
- Minimum Lot Size: 0.10
- Commission: $10 per standard lot
- Features: Swapping, hedging, and scalping allowed; provides direct market access.
- VIP Account
- Minimum Deposit: $5,000
- Spread: From 0.0 pips
- Leverage: Up to 200
- Minimum Lot Size: 0.10
- Commission: $7 per standard lot
- Features: Swapping, hedging, and scalping allowed; suitable for high-volume traders.
- Visit the OTX Forex Website: Go to the homepage of the OTX Forex website.
- Click on “Open Account”: Find and click the “Open Account” link.
- Fill in Required Details: Complete the registration form with your personal information.
- Upload Verification Documents: Provide necessary documentation for identity verification.
- Account Approval: Wait for the approval of your account registration.
- Fund Your Account: Once approved, deposit the minimum required amount to start trading.
- Start Trading: After funding, you can begin trading on the OTX Forex platform.
OTX Forex Broker Account Opening Process
Opening an account with OTX Forex is straightforward and can be done in a few simple steps:
For more information, you can visit the official website: OTX Forex
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