OTCapital is an ASIC licensed Forex & CFD broker owned by OT Markets Pty Ltd. OT Capital is located at; 22-24 Horne Street , Elsternwick Victoria 3185, Australia, and their phone number is: +61 39 021 6918.
Customer support email address is: firstname.lastname@example.org.
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A review of the new Forex / CFD’s broker OTCapital shows that they offer investors the MetaTrader4 trading platform. There is available both the desktop standalone version, along with the web based and mobile versions. They offer hundreds of underlying assets for trading CFD’s including all the popular Major & Minor Forex Pairs, Market Indexes, Individuals Shares, and Commodities like Brent, Crude Oil, Platinum, Coffee, Sugar etc..
Leverage on all Forex pairs is 500:1, and spreads on the Euro Dollar pair are as low as 0.07. (Trading on leverage is very risky, and new traders should make sure they fully understand the risks associated with using margin.)
There are 3 levels of account types, which offer various benefits (see below), and the smallest account size starts at $250, see here.
When the Scam Broker Investigator reviews a new Forex broker to determine if they are a scam or legitimate company, the first thing we look for is a valid brokers license. The main reason investors always use an authorised and licensed broker is to be sure that your funds are kept safe in segregated accounts.
OT Markets Pty Ltd (ACN 621 714 181) is a Corporate Authorized Representative (CAR), license number 001258906 of AGM Markets Pty Ltd AFSL 422662.
There are many online scams you need to watch out for, read this.
Smart investors always review a few different brokers before making a final decision.
We ask current OTCapital clients to please share your experience with this broker, in the comments section below.