Prime OTP Forex Broker

Prime OTPReview SummaryFounded2024-01-12Registered Country/RegionMauritiusRegulationUnregulatedMarket InstrumentsForex/Commodities/Indices/Shares/Metals/CFDsDemo Account❌LeverageUp to 1:500SpreadFrom 0.2 pipsTrading PlatformMT5 (Windows/Mac/Android/iOS)Min Deposit$100Customer SupportEmail: info@primeotp.comOnline chatSocial Media: Facebook, Instagram, Telegram, LinkedIn, YouTube, TwitterPrime OTP Information Registered in Mauritius, Prime OTP is an unregulated forex broker offering forex trading instruments. The broker also provides a standard and raw account. The minimum spread is from 0.2 pips and the minimum deposit is $100. Traders can access the MetaTrader 5 platforms with 24/5 customer support. Customer support is available via email, Facebook, Instagram, Twitter, LinkedIn, YouTube, and Telegram. Prime OTP Ltd is still risky due to its unregulated status.Pros and ConsPros Cons 24/5 customer supportUnregulatedAccessible official websiteNo 24/7 customer supportMT5 availableDemo account unavailableLeverage up to 1:500Is Prime OTP Legit? Prime OTP is not regulated, even though it claims to be regulated by the Financial Services Commission(FSC). However, an unregulated broker is not as safe as a regulated one.What Can I Trade on Prime OTP? Traders can choose different investment directions because the broker provides traders access to forex, commodities, indices, shares, metals, and CFDs. Tradable Instruments Supported Forex✔Commodities✔Shares✔Indices✔CFDs✔Metals✔Cryptocurrencies❌Stocks❌ETFs❌Bonds❌Mutual Funds❌Account Type Prime OTP has two account types: Standard account and Raw account. Traders who want to have both low spreads can choose to open a raw account.Account Type StandardRawSpreadsFrom 1.3 pipsFrom 0.2 pipsCommissionNo commission$7Prime OTP Fees The spread of the standard account isfrom 1.3 pips, and the spread of the raw account is from 0.2 pips. The commission of the standard account is 0, and the commission of the raw account is $7. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:500meaning that profits and losses are magnified 500 times.Trading Platform Prime OTP cooperates with the authoritative MT5 trading platform available in Windows, Mac, Android, and iOS versions. Traders with rich experience are more suitable for using MT5.Trading PlatformSupported Available Devices MT5✔Windows/Mac/Android/iOSDeposit and Withdrawal The minimum deposit is $100. Deposit and withdrawal methods include USDT TRC20, Skrill, Neteller, WebMoney, Local Transfer, and Bank Transfer.