OTT TRADING foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://en.ct-bullion.com/en/account/real.html, about the company's legal and temporary regulatory information, the company's address Suite 3d Krukzeiner House, 17 Albert Street, Auckland Central, 1010, New Zealand.
OTT TRADING Forex Broker
Basic Information
New Zealand
5-10 years Suspicious Regulatory License Suspicious Scope of Business New Zealand Financial Service Corporate Revoked Suspicious Overrun High potential riskCompany profile
Rating Index
OTT Trading Forex Broker - Complete Information Guide
1. Broker Overview
OTT Trading, officially known as OTT Trading Group Limited, was established in 2018. The broker is headquartered in New Zealand, with its main office located in Auckland. OTT Trading operates as a private entity, providing trading services primarily in the foreign exchange market. The broker aims to cater to a diverse clientele, including retail traders and institutional investors.
Since its inception, OTT Trading has focused on offering a range of trading solutions, leveraging the popular MetaTrader 4 (MT4) platform. The company's development has been marked by its entry into the competitive forex market, positioning itself as a potential player in the industry. However, the broker has faced scrutiny regarding its regulatory status, which has influenced its reputation among traders.
The business model of OTT Trading centers around retail forex trading, enabling clients to access various currency pairs and financial instruments. As the market evolves, OTT Trading continues to adapt its offerings to meet the needs of its growing customer base, emphasizing a user-friendly trading experience.
2. Regulatory and Compliance Information
OTT Trading operates under the regulatory framework of the Financial Service Providers Register (FSPR) in New Zealand. The broker's license number is 419586. However, it is important to note that OTT Trading's regulatory status has been marked by challenges, including the revocation of its license, which raises concerns about its compliance with regulatory standards.
The regulatory license is expected to cover various trading activities, ensuring that the broker adheres to established guidelines for operating in the forex market. The company has policies in place to ensure client funds are kept in segregated accounts, providing a layer of protection for investors. However, details on the investor compensation fund participation remain unspecified.
OTT Trading implements Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to verify the identity of its clients and prevent fraudulent activities. This is a standard practice aimed at enhancing the security of trading operations and maintaining the integrity of the financial system.
3. Trading Products and Services
OTT Trading offers a variety of trading products, primarily focusing on forex currency pairs. The broker provides access to over 40 currency pairs, including major, minor, and exotic currencies, catering to different trading strategies and preferences.
In addition to forex, OTT Trading also provides Contract for Difference (CFD) products across various asset classes, including indices, commodities, and cryptocurrencies. However, specific details regarding the availability of cryptocurrencies are not clearly defined in the available sources.
The broker is known for its competitive trading conditions, which include tight spreads and flexible leverage options. Regular updates to the product offerings are made to ensure that traders have access to the latest market opportunities, although the frequency of new product introductions is not explicitly mentioned.
OTT Trading primarily serves retail clients, offering tailored trading solutions that meet their individual needs. The broker also provides institutional services, including white-label solutions for businesses seeking to enter the forex market with a branded trading platform.
4. Trading Platforms and Technology
OTT Trading utilizes the MetaTrader 4 (MT4) platform as its primary trading interface, which is widely recognized for its stability and advanced trading features. The MT4 platform is available for desktop, web, and mobile devices, allowing traders to access their accounts and execute trades from anywhere.
The broker does not have a proprietary trading platform, relying instead on the established capabilities of MT4. This platform supports various trading tools, including expert advisors (EAs), custom indicators, and advanced charting options, catering to both novice and experienced traders.
While OTT Trading offers a user-friendly web-based trading platform, it lacks some modern security features, such as two-step authentication and biometric login options. The brokers server infrastructure is located in multiple regions, including Hong Kong and the United States, ensuring reliable connectivity for traders.
Automated trading is supported through the MT4 platform, enabling users to implement algorithmic trading strategies. However, specific details regarding API access for automated trading solutions are not extensively covered in the available information.
5. Account Types and Trading Conditions
OTT Trading offers several account types to accommodate different trading preferences. The standard account requires a minimum deposit, with competitive spreads and commission structures designed to attract retail traders.
For advanced traders, OTT Trading may offer VIP or professional accounts with enhanced features, although specific details on these account types are not provided. The broker does not currently offer a demo account, which could be a limitation for new traders looking to practice before committing real funds.
Leverage options vary depending on the asset class, with forex trading typically offering higher leverage ratios. The minimum trade size is generally set at 0.01 lots, allowing for flexibility in position sizing.
Overnight fees, commonly known as swap rates, are applied to positions held beyond the trading day, although detailed information on these fees is not readily available.
6. Fund Management
OTT Trading supports a variety of deposit methods, including bank transfers, credit cards, and e-wallets. The minimum deposit requirements vary by account type, with specific thresholds set for different services.
Deposit processing times typically range from 1 to 4 business days, depending on the method used. While the broker does not charge deposit fees, it is advisable for traders to check with their payment provider for any potential charges.
Withdrawal methods mirror the deposit options, with processing times also falling within the 1 to 4 business day range. The brokers fee structure for withdrawals is not explicitly detailed, which may require further inquiry by potential clients.
7. Customer Support and Educational Resources
OTT Trading provides customer support through multiple channels, including telephone, email, and social media. The service hours are aligned with the forex market, ensuring that clients can receive assistance when needed.
Support is offered in several languages, catering to a diverse client base. Educational resources include webinars, tutorials, and market analysis reports, aimed at helping traders improve their skills and market understanding.
The broker also offers trading tools such as calculators and economic calendars, which are essential for effective trading strategies. However, the availability of in-depth market analysis services may vary.
8. Regional Coverage and Restrictions
OTT Trading primarily serves clients in New Zealand and Australia, with a growing presence in other regions. The broker has established a network of regional offices to support its operations and client base.
However, OTT Trading does not accept clients from certain countries, including the United States and other jurisdictions with strict regulatory requirements. Specific restrictions are in place to ensure compliance with local laws and regulations.
In summary, OTT Trading aims to provide a comprehensive trading experience for its clients, balancing competitive offerings with regulatory compliance. While the broker has made strides since its establishment, potential clients should remain aware of the challenges and risks associated with trading through less-regulated platforms.
In conclusion, the OTT trading broker presents both opportunities and risks for traders. It is essential for potential clients to conduct thorough research and consider their trading needs before engaging with this broker.
OTT TRADING Similar Brokers
Latest Reviews
Zwei
Hong Kong
I was pulled into a group named”Sailing”, in which were all fraudsters. The fraudsters recommended stock by livestreaming. In early December, saying that the stock market was volatile, teacher Yang Shangwu encouraged us to trade FTSE A50 Index. They have 2 scam website, one is for livestreaming and the other for registration,http://crm.ott-fx.com/apply/real.html. They could tamper the market to make your fund all lost.
Exposure
2019-12-23
随风~
Hong Kong
I was pulled into a group named Wugufengdeng and then into a livestreaming room, in which about 10 thousand person set the position. After we suffered losses, Yang Shangwu said that it was difficult to profit from the stock market and sent the screenshots of his A50 trading, saying that how much money he was earning. He sent the QR code of the customer service and apart us into different groups according to our deposit. He told us to sent the screenshot of deposit amount to the assistant. Then he closed the livestreaming room because of busy schedule. At that night, he claimed that there would be a cocking market. Many clients’ position was closed compulsorily. The assistant dismissed the group, saying that Yang would give one-to-one instruction. Then all related person were out of contact. It is simply a scam.
Exposure
2020-01-03