OTCapital was an Australian Forex & CFD broker that is owned by OT Markets Pty Ltd. OT Capital is located at; Office 9, 242 Hawthorn Road, Caulfield, North Victoria 3161, Australia.
Their phone number is: +61 39 999 7330, and customer support email address is: firstname.lastname@example.org.
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February 12th 2018, ASIC has warned the public not to deal with this company. Read more…
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, and the smallest account size starts at $250.
WARNING! You Will Lose Money Using a Bad Software, see why.
First Look at the BEST trading robots, see here.
When the Scam Broker Investigator reviews a 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) was a Corporate Authorized Representative (CAR), license number 001258906 of AGM Markets Pty Ltd, AFSL number 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.
They offer a great trading platform, and require a $100 minimum deposit, Free Demo.
We ask current OTCapital clients to please share your experience with this broker, in the comments section below.