Online Trading Capital (formerly know as OBTFX & OnlineTrading.io) is an offshore Forex broker, that only opened on March 19th 2021.
Like hundreds of offshore brokers, their address is at: DigitalCMedia, Suite 305, Griffith Corporate Center, Beachmont, Kingstown, Saint Vincent and Grenadines. No contact email, phone number or company name is listed on their website. The Official website is constantly changing, from OnlineTrading.IO to now https://onlinetrading.capital.
For withdrawal issues or broker complaints, read this.
Online Trading Capital Review
A review of the trading apps that Online Trading Capital offers their investors shows that it is the Sirix web trader, from Leverate. It is available as a web-based version or you can download the mobile apps for Android and Apple devices. During our review we did not find MT4 or MT5 available.
Online Trading IO lists a variety of underlying assets for CFD trading including; Major and Minor Forex Pairs, Market Indexes, Shares, Commodities, Crypto Currency and Metals. The minimum deposit requirement for a new trading account is typically $250, and this broker accepts deposit via credit card. This broker offers your Bonus Money, which sounds very appealing, but leads to many complaints by new investors who do not understand how it works, read this.
Automated trading robots are very popular now, and that is how we ended up finding this broker. You should know, that most trading apps you received an email about are total scams. If you are interested in using a trading app, look at some popular apps listed here.
Warning! Fake News…
The way you found this broker was because you registered for a crypto trading app, like Bitcoin Loophole. These automated trading apps are promoted via email spammers and fake news websites. You should take a few minutes, and learn how the Crypto Investment Scams operate, see the article.
Before investing your money in an automated trading app, just know that 99% of people lose their money that way! Instead, educate yourself about day trading and only use a licensed broker, look here.
Is Online Trading Capital Legit?
No, Online Trading Capital is not licensed or regulated by any financial regulator. On November 20th 2020, they received this warning from the FCA.
A sophisticated investor researches their Forex broker, by checking for a valid brokerage firms license. And the reason for that, is in the event that the broker does not give you your money back, your money is protected by the government. In the United Kingdom, brokers must get licensed by the FCA, and in Australia by ASIC.
There are many licensed Forex brokers who you can trade with, see here.
What was your experience investing at Online Trading IO? Please share your experience with others, in the comments section below.