Otrade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://toroc.io/open-account, about the company's legal and temporary regulatory information, the company's address .
Otrade Forex Broker
Basic information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: Ospanade's official website: https://toroc.io/ is currently inaccessible normally.
Otrade Information
Otrade, registered in London, UK in 2022. The trading instruments offered by the brokerage are Cryptocurrencies, CFDS and Stocks. But Otrade's website is inaccessible and opaque, offering a small range of trading instruments that are not regulated.
Is Otrade Legit？
Otrade is currently unregulated.
Therefore, the broker may have greater problems and risks in terms of security, legality, credibility and stability.
Investors are invited to choose brokers that are strictly regulated to ensure the legitimacy and standardization of their business operations.
Trading Instruments
Otrade offers three main types of trading instruments to meet the needs and preferences of various investors, mainly Cryptocurrencies, CFDS and Stocks.
Payment Methods
The broker supports these three payment methods, VISA, Bitcoin and Mastercard.
Downsides of Otrade
- Unavailable website
Its official website is not accessible, so the information that can be queried is very scarce.
- Lack of transparency
Otrade lacks transparencyand investors have a relatively low understanding of the broker.
- Regulatory concerns
The broker isnot regulated, which means that its safety factor is not high and the risk is large.
- Less trading instruments
The information that can be queried shows that compared with other brokers, Otrade has fewer trading tools and payment methods, which is not the best choice for investors.
Negative Otrade Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there was 1 piece of Otrade exposure in total. I will introduce it.
Exposure 1. Suspected fraud
The user said that his account has been suspended and has not received a response for a long time, please beware of the broker.
You may visit: https://www.wikifx.com/en/comments/detail/Co202401237731272503.html
Conclusion
In summary, the Otrade official website is not available, information disclosure is less, it is not regulated, and there are problems such as user exposure account suspension and no response. These circumstances show that trading with Otrade is extremely unsafe and vulnerable to capital losses.
Investors are asked to take the above issues seriously, and must be careful when choosing brokers, focusing on the safety of personal funds and property.
Rating Index
Otrade Similarly Rated Brokers
Divergent
Peru
Otrade provides a user-friendly interface with a range of trading options, suitable for both beginners and experienced users. However, occasional real-time data lag, inconsistent customer support, and a confusing fee structure are notable drawbacks. While it's adequate for beginners, seasoned traders may find better alternatives with advanced features and more reliable performance.
Neutral
2023-12-20