OTX Forex review
OTX Forex review: regulation (No), minimum deposit 10, leverage up to 1:500, platforms and current bonuses. Compare the latest forex bonuses, trading…
Trading conditions
- Broker type
- STP/ECN
- Minimum deposit
- 10
- Maximum leverage
- 1:500
- Minimum spread
- 0.1 Pips
- Platforms
- MT5 for PC, MT5 for Mac, MT5 Web Trader, MT5 for Android, MT5 for IOS
- Instruments
- Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures, Exchange Stocks, Exchange ETFs
- Account currencies
- EUR / USD / GBP
Bonuses
- No deposit bonus
- $100 Forex No Deposit Bonus
- Welcome bonus
- 100% Forex Welcome Bonus
- Other promotions
- $100 Forex No Deposit Bonus
Accounts and features
- Demo account
- Yes
- Islamic account
- Yes
- Swap-free
- Yes
- Mini account
- Yes
- VIP account
- Yes
- Managed account
- Yes
- Segregated funds
- Yes
- Hedging and scalping
- Yes
- News trading
- Yes
- Mobile trading
- Yes
- Web trading
- Yes
Deposits and withdrawals
- Deposit methods
- Debit/Credit Card, International Wire Transfer, Sticpay, Netteler, Skrill, VLoad, local wire transfer options
- Withdrawal methods
- Debit/Credit Card, International Wire Transfer, Sticpay, Netteler, Skrill, VLoad, local wire transfer options
Company
- Regulation
- No
- Founded
- 2021
- Country
- United Kingdom
- Address
- United Kingdom
- Publicly traded
- Yes
- Website languages
- English, Arabic, Bengali, Hindi, Indonesian, Malay, Russian, Tamil
- Phone
- 00441865679984
- Email or Skype
- [email protected], [email protected], [email protected]
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OTX Forex pros and cons
Pros
- Regulated by No
- Low minimum deposit: 10
- Raw spreads from 0.1 Pips
- Scalping and hedging allowed
- Swap-free Islamic accounts available
- Free demo account
Cons
- Leverage up to 1:500 magnifies losses as well as profits
- Conditions and bonuses can differ by regulated entity
OTX Forex FAQ
Is OTX Forex a safe and regulated broker?
OTX Forex was founded in 2021 and is regulated by No. Client funds are held in segregated accounts. Your protection depends on which OTX Forex entity opens your account.
What is the minimum deposit at OTX Forex?
The minimum deposit at OTX Forex is 10. Payment providers may set their own minimum amount.
What is the maximum leverage at OTX Forex?
OTX Forex offers leverage up to 1:500. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.
Does OTX Forex offer a no deposit bonus?
Yes. OTX Forex offers a no deposit bonus: $100 Forex No Deposit Bonus. Bonus terms change often, so confirm them on the broker's website.
Which trading platforms does OTX Forex offer?
OTX Forex supports MT5 for PC, MT5 for Mac, MT5 Web Trader, MT5 for Android, MT5 for IOS. Mobile trading is available.
Does OTX Forex allow scalping, hedging and news trading?
Yes. Scalping and hedging are allowed, and news trading is allowed.
Does OTX Forex offer an Islamic (swap-free) account?
Yes. OTX Forex offers swap-free Islamic accounts with no overnight swap charges.
Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.
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OTX Forex at a glance
- RegulationNo
- PlatformsMT5 for PC, MT5 for Mac, MT5 Web Trader, MT5 for Android, MT5 for IOS
- Account currenciesEUR / USD / GBP
- LanguagesEnglish, Arabic, Bengali, Hindi, Indonesian, Malay, Russian, Tamil
- Phone00441865679984
- Email / Skype[email protected], [email protected], [email protected]
- FaxSupport: OTXFOREX
- Head officeUnited Kingdom