An Overview of OTFX’s Market
OTFX is an emerging broker based in Australia, offering a variety of trading products, including Forex, commodities, indices, stocks, bonds, and cryptocurrencies. This diverse portfolio caters to different trading preferences and strategies. However, OTFX operates under a suspicious regulatory status, as it is regulated by the Australian Securities and Investment Commission (ASIC), yet categorized as a clone, raising concerns about legitimacy.
The broker utilizes its proprietary OTFX trading platform, which is accessible on web and mobile devices, providing a user-friendly experience for traders. OTFX offers a minimum deposit of $50 and various account types, although specific details about these accounts and associated fees are often lacking, which may pose challenges for potential investors seeking transparency.
Trading at OTFX: A Comprehensive Market for FX and Beyond
What Makes Forex the Heart of OTFX’s Market?
The Forex market is pivotal to OTFX’s offerings, underscoring its central role in the broker’s operations. As the most liquid financial market globally, Forex attracts traders seeking high volume and rapid transactions. OTFX capitalizes on this by providing a diverse range of Forex trading options, catering to both novice and experienced traders. The allure of the Forex market lies in its extended trading hours and the ability to trade major currency pairs, which enhances liquidity. OTFX’s positioning in this market is supported by its proprietary trading platform, designed for ease of use, thereby simplifying the trading process. Additionally, the broker’s commitment to transparency and competitive trading conditions appeals to investors, allowing them to benefit from the Forex market’s inherent advantages.
How Does OTFX Facilitate Forex Trading?
OTFX offers a range of trading tools and services tailored to enhance the Forex trading experience. Central to these offerings is the OTFX trading platform, accessible on both web and mobile devices, which ensures a seamless trading environment. The platform’s user-friendly interface and execution speed facilitate efficient trading, while real-time data and analytical tools empower traders to make informed decisions. Although specific details about leverage and spreads are not disclosed, OTFX aims to maintain competitive trading conditions. Furthermore, the broker provides various educational resources that help traders refine their strategies and improve their overall trading performance. By fostering an environment that supports effective Forex trading, OTFX positions itself as a valuable partner for traders.
Why Opt for OTFX When Trading Forex?
Choosing OTFX for Forex trading comes with several advantages that enhance the trading experience. The broker has garnered positive feedback, particularly for its user-friendly platform and diverse account types, making it suitable for a broad spectrum of traders. OTFX’s reputation in the market is bolstered by its commitment to customer support, which, while noted as variable, is aimed at addressing traders’ needs effectively. The broker’s competitive edge lies in its low trading costs, which align with industry standards, and its focus on personalized services, such as account management. These factors, alongside OTFX’s position as a regulated entity under ASIC, contribute to its appeal, making it a practical choice for those looking to engage in Forex trading.
Trading at OTFX: A Comprehensive Market for FX and Beyond
How Broad is the Range of OTFX’s Trading Markets?
OTFX offers a diverse array of trading markets that cater to various investor preferences. With products spanning Forex, stocks, commodities, indices, bonds, and cryptocurrencies, OTFX provides ample opportunities for traders to engage in different asset classes. This market diversity allows investors to build a well-rounded portfolio, helping them manage risk while taking advantage of various market conditions. By offering multiple markets, OTFX meets the needs of both novice and experienced traders, giving them the flexibility to choose trading strategies that align with their individual goals. The ability to trade in various markets enhances traders’ options for diversification, which is an essential aspect of effective risk management.
What Trading Platforms Does OTFX Provide for Market Access?
OTFX utilizes its proprietary trading platform, accessible via web and mobile devices, ensuring traders can engage with different markets conveniently. This platform is designed with user-friendliness in mind, allowing both novice and seasoned traders to navigate easily. Although specific information about additional platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5) is not provided, the OTFX platform focuses on delivering a seamless trading experience. Traders can access various markets such as Forex, stocks, and commodities through this platform, which supports real-time data and analytical tools essential for making informed trading decisions. A detailed comparison of the platform’s features is not available, but its capabilities are tailored to enhance market access for all types of traders.
How Does OTFX Cater to Traders with Varying Risk Profiles?
OTFX recognizes the importance of catering to traders with different risk profiles by offering a range of account types. While specific details regarding account types and their features are lacking, OTFX aims to provide options that accommodate both high-risk traders and those with a more conservative approach. The flexibility in leverage options allows traders to execute larger trades or manage their risk more effectively, depending on their individual trading strategies. However, without specific details available, a comprehensive understanding of the account types and their corresponding features is not provided. It is crucial for traders to review these options carefully to ensure they align with their risk appetite and trading goals.
Scam Brokers
Score
0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
OTFX
https://www.otfx.com/#/ Website)
Time Machine
Rating Index
1.37
Contact
https://www.otfx.com/#/
Forex License
__
No forex trading license found. Please be aware of the risks.
Keywords 5
Scam Brokers
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
This platform is a Ponzi Scheme. Please stay away!
2026-02-20
* This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX’s Scam Brokers list. Please be aware of the risk!
4
Basic Information
Registered Region
Australia
Operating Period
2-5 years
Company Name
OTFX
Abbreviation
OTFX
Company employee
—
Company Website
https://www.otfx.com/#/
Facebook
https://www.facebook.com/Otfxcom
X
Tweets by OTFX_0
Instagram
https://www.instagram.com/otfx_trading/
Linkedin
https://www.linkedin.com/company/forexotfx/about/
WikiFX Survey
OTFX MalaysiaWikiFX Survey
OTFX Malaysia
范小倩 Unverified __Taiwan A man I met on a dating app told me that he had recently joined an investment group to invest in foreign exchange. It turned out to be a scam and now I can’t withdraw the money I deposited. So I hurry up to expose the whole thing. Exposure 2024-03-14 外汇行业大师 Unverified __Malaysia Rubbish platforms, fraudulent platforms. Difficult to withdraw money. Stay away from black platforms as soon as possible. Exposure 2024-01-19 雨火? Unverified __Hong Kong For a securities firm within a year, it is a daily necessities locked market. There is no real transaction. It is just a packaged market. Exposure 2023-11-29 Mandery Unverified __Tunisia OTFX is awesome! They’ve got a ton of trading instruments to choose from and their educational tools are top-notch. Whether you’re a beginner or an experienced trader, they’ve got something for you to help you grow and succeed. Positive 2024-07-10 Wentworth-Stanley Unverified __Argentina On OTFX, customer service can be quite a rollercoaster—sometimes prompt, sometimes not. Their platform? User-friendly and pretty intuitive. There’s good news for traders on the spreads and fees front—it’s in line with the industry standard. But they could spice things up a bit more on the trading instruments front. Their account types are varied, catering to traders across the board. Overall, my OTFX journey has largely been a positive experience. Neutral 2023-12-01 Alistair Hargreaves Unverified __Portugal While their account types offer commendable variety to cater to all sorts of traders, OTFX has room for improvement when it comes to customer service. It’s a bit of a hit or miss. On the bright side, the spreads and fees are competitive. However, traders seeking diversity might be underwhelmed by the range of trading instruments available. Neutral 2023-11-30
6
Genealogy
Related Companies
Company Summary
News
Comment
MT4/5
MT4 Servers
MT5 Servers
Average Latency (ms)/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Users who viewed OTFX also viewed..
GTCFX
9.23
Score
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
GTCFX
Score
9.23
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Details
Official Website
FXTRADING.com
8.67
Score
ECN AccountAbove 20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
FXTRADING.com
Score
8.67
ECN AccountAbove 20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Details
Official Website
FXCM
9.40
Score
Above 20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
FXCM
Score
9.40
Above 20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Details
Official Website
Biz Area
Influence E
By region
By company
* __0
* __2
* __4
* __6
* __8
* __10
Cooperative Company
Website
Genealogy
Subscribe in the App to unlock!
Download APP
OTFX
Related Companies
OTFX Limited
Active
Australia
Registration No.1484932-9
Established2023-03-15
Related sourcesWebsite Announcement
Company Summary
Note: OTFX’ s official website: https://www.otfx.com/#/ is currently inaccessible normally.
OTFXReview Summary
—
Founded| 1-2 years
Registered Country/Region| Australia
Regulation| Regulated by ASIC (Suspicious Clone)
Market Instruments| Forex, Indices, Stocks, Bonds, Commodities CFDs, and Cryptocurrencies
Demo Account| /
Trading Platform| OTFX Platform
Min Deposit| $50
Customer Support| Social media platforms (Twitter, Telegram, Facebook, and Instagram)
OTFX Information
OTFX is a broker, established in Australia within the past 1-2 years. It offers six types of trading products and provides its proprietary OTFX Platform along with five deposit methods. However, its regulation is suspicious clone. It has a minimum deposit requirement of $50, and lacks transparency regarding account types and fees.
Pros and Cons
Pros| Cons
—|—
Offers six types of trading products| Suspicious clone regulation
Provides OTFX Platform| Minimum deposit of $50
Offers five deposit methods| Lacks account and fee information
Is OTFX Legit ?
OTFX is regulated by the Australia Securities & Investment Commission (ASIC) under license number 670 543 772. However, its current status is Suspicious Clone.
What Can I Trade on OTFX?
OTFX offers six types of trading products: Forex, Indices, Stocks, Bonds, Commodities CFDs, and Cryptocurrencies.
Tradable Instruments| Supported
—|—
Forex| ✔
Indices| ✔
Stocks| ✔
Bonds| ✔
Commodities CFDs| ✔
Cryptocurrencies| ✔
Trading Platform
OTFX offers the OTFX platform, accessible through web, desktop, and mobile devices.
Deposit and Withdrawal
OTFX supports a minimum deposit requirement of $50. It supports several deposit and withdrawal methods, including digital currencies, online banking, bank wire transfers, credit cards, and Skrill. Withdrawals can be made via credit or debit cards or bank wire transfers, with processing times typically ranging from one to two working days for online methods, and three to five working days for international wire transfers.
Keywords
* Scam Brokers
* 2-5 years
* Suspicious Regulatory License
* Suspicious Scope of Business
* High potential risk
View More
Disclosure
__
__
Change Record
Item
Date
Before
After
Details
No results found.
Try different filters or a wider search.
※ Data Source
WikiFX Dataprovide
Special Note
Agree and Continue
News
Exposure What is the matter with OTFX? OTFX, an Australia-based broker with around two years of trading experience, has recently come under scrutiny for its questionable practices. __2024-08-20 16:16 News OTFX enhances investment precision through technological progress and professional services. In the investment field, precision is of utmost importance, as the saying goes, “A miss is as good as a mile. __2023-12-07 10:04 News The impact of OTFX’s business philosophy on the financial investment industry. Before establishing a successful venture, it is imperative to forge a successful team. __2023-12-07 10:02 News The future trend of OTFX is guiding the financial technology in the foreign exchange domain, reshaping the ecological landscape of the forex industry. Navigating the path of technological advancement, constructing new heights __2023-12-06 10:18 News OTFX’s principle of customer supremacy: Rigorously safeguarding client privacy in forex trading to ensure business compliance. To seek the luxuriance of wood, one must first strengthen its roots __2023-12-06 10:17 News OTFX’s Forex Internationalization Strategy: Expanding into the global forex market to increase brand influence. As the footsteps of time continue to march forward, a globalized market is gradually taking shape. __2023-12-06 10:16
View More
Wiki Q&A
No more
User Reviews6
All (6) Positive (1) Neutral (2) Exposure (3)
范小倩 3-5 years Exposure No true love on dating apps. Be careful about romance scam. A man I met on a dating app told me that he had recently joined an investment group to invest in foreign exchange. It turned out to be a scam and now I can’t withdraw the money I deposited. So I hurry up to expose the whole thing. __2024-03-14 __Taiwan
外汇行业大师 6-10 years Exposure OTFX cannot withdraw money Rubbish platforms, fraudulent platforms. Difficult to withdraw money. Stay away from black platforms as soon as possible. __2024-01-19 __Malaysia
雨火? 6-10 years Exposure Fake forex For a securities firm within a year, it is a daily necessities locked market. There is no real transaction. It is just a packaged market. __2023-11-29 __Hong Kong
Mandery 6-10 years Positive OTFX: Unleash Your Trading Potential with Diverse Instruments and Premier Education OTFX is awesome! They’ve got a ton of trading instruments to choose from and their educational tools are top-notch. Whether you’re a beginner or an experienced trader, they’ve got something for you to help you grow and succeed. __2024-07-10 __Tunisia
Wentworth-Stanley 6-10 years Neutral OTFX Review: Mixed Customer Service, User-Friendly Platform, Competitive Fees, Room for More Trading Instruments On OTFX, customer service can be quite a rollercoaster—sometimes prompt, sometimes not. Their platform? User-friendly and pretty intuitive. There’s good news for traders on the spreads and fees front—it’s in line with the industry standard. But they could spice things up a bit more on the trading instruments front. Their account types are varied, catering to traders across the board. Overall, my OTFX journey has largely been a positive experience. __2023-12-01 __Argentina
Alistair Hargreaves 6-10 years Neutral OTFX: Competitive Spreads, Mixed Customer Service, Limited Instrument Diversity While their account types offer commendable variety to cater to all sorts of traders, OTFX has room for improvement when it comes to customer service. It’s a bit of a hit or miss. On the bright side, the spreads and fees are competitive. However, traders seeking diversity might be underwhelmed by the range of trading instruments available. __2023-11-30 __Portugal
No more
__
Write a review
Exposure
Neutral
Positive
Content you want to comment
Please enter…
Submit now
Comment 6
__
Write a comment
6
__[](/en/contract.html)[](/en/download.html)TOP
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
__
Scam Brokers
Score
0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
OTFX
https://www.otfx.com/#/ Website)
Time Machine
Rating Index
1.37
Contact
https://www.otfx.com/#/
Forex License
__
No forex trading license found. Please be aware of the risks.
Keywords 5
Scam Brokers
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
This platform is a Ponzi Scheme. Please stay away!
2026-02-20
* This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX’s Scam Brokers list. Please be aware of the risk!
4
Basic Information
Registered Region
Australia
Operating Period
2-5 years
Company Name
OTFX
Abbreviation
OTFX
Company employee
—
Company Website
https://www.otfx.com/#/
Facebook
https://www.facebook.com/Otfxcom
X
Tweets by OTFX_0
Instagram
https://www.instagram.com/otfx_trading/
Linkedin
https://www.linkedin.com/company/forexotfx/about/
WikiFX Survey
OTFX MalaysiaWikiFX Survey
OTFX Malaysia
范小倩 Unverified __Taiwan A man I met on a dating app told me that he had recently joined an investment group to invest in foreign exchange. It turned out to be a scam and now I can’t withdraw the money I deposited. So I hurry up to expose the whole thing. Exposure 2024-03-14 外汇行业大师 Unverified __Malaysia Rubbish platforms, fraudulent platforms. Difficult to withdraw money. Stay away from black platforms as soon as possible. Exposure 2024-01-19 雨火? Unverified __Hong Kong For a securities firm within a year, it is a daily necessities locked market. There is no real transaction. It is just a packaged market. Exposure 2023-11-29 Mandery Unverified __Tunisia OTFX is awesome! They’ve got a ton of trading instruments to choose from and their educational tools are top-notch. Whether you’re a beginner or an experienced trader, they’ve got something for you to help you grow and succeed. Positive 2024-07-10 Wentworth-Stanley Unverified __Argentina On OTFX, customer service can be quite a rollercoaster—sometimes prompt, sometimes not. Their platform? User-friendly and pretty intuitive. There’s good news for traders on the spreads and fees front—it’s in line with the industry standard. But they could spice things up a bit more on the trading instruments front. Their account types are varied, catering to traders across the board. Overall, my OTFX journey has largely been a positive experience. Neutral 2023-12-01 Alistair Hargreaves Unverified __Portugal While their account types offer commendable variety to cater to all sorts of traders, OTFX has room for improvement when it comes to customer service. It’s a bit of a hit or miss. On the bright side, the spreads and fees are competitive. However, traders seeking diversity might be underwhelmed by the range of trading instruments available. Neutral 2023-11-30
6
Genealogy
Related Companies
Company Summary
News
Comment
MT4/5
MT4 Servers
MT5 Servers
Average Latency (ms)/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Users who viewed OTFX also viewed..
GO Markets
8.98
Score
Above 20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
GO Markets
Score
8.98
Above 20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Details
Official Website
AVATRADE
9.50
Score
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
AVATRADE
Score
9.50
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Details
Official Website
XM
9.11
Score
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
XM
Score
9.11
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Details
Official Website
Biz Area
Influence E
By region
By company
* __0
* __2
* __4
* __6
* __8
* __10
Cooperative Company
Website
Genealogy
Subscribe in the App to unlock!
Download APP
OTFX
Related Companies
OTFX Limited
Active
Australia
Registration No.1484932-9
Established2023-03-15
Related sourcesWebsite Announcement
Company Summary
Note: OTFX’ s official website: https://www.otfx.com/#/ is currently inaccessible normally.
OTFXReview Summary
—
Founded| 1-2 years
Registered Country/Region| Australia
Regulation| Regulated by ASIC (Suspicious Clone)
Market Instruments| Forex, Indices, Stocks, Bonds, Commodities CFDs, and Cryptocurrencies
Demo Account| /
Trading Platform| OTFX Platform
Min Deposit| $50
Customer Support| Social media platforms (Twitter, Telegram, Facebook, and Instagram)
OTFX Information
OTFX is a broker, established in Australia within the past 1-2 years. It offers six types of trading products and provides its proprietary OTFX Platform along with five deposit methods. However, its regulation is suspicious clone. It has a minimum deposit requirement of $50, and lacks transparency regarding account types and fees.
Pros and Cons
Pros| Cons
—|—
Offers six types of trading products| Suspicious clone regulation
Provides OTFX Platform| Minimum deposit of $50
Offers five deposit methods| Lacks account and fee information
Is OTFX Legit ?
OTFX is regulated by the Australia Securities & Investment Commission (ASIC) under license number 670 543 772. However, its current status is Suspicious Clone.
What Can I Trade on OTFX?
OTFX offers six types of trading products: Forex, Indices, Stocks, Bonds, Commodities CFDs, and Cryptocurrencies.
Tradable Instruments| Supported
—|—
Forex| ✔
Indices| ✔
Stocks| ✔
Bonds| ✔
Commodities CFDs| ✔
Cryptocurrencies| ✔
Trading Platform
OTFX offers the OTFX platform, accessible through web, desktop, and mobile devices.
Deposit and Withdrawal
OTFX supports a minimum deposit requirement of $50. It supports several deposit and withdrawal methods, including digital currencies, online banking, bank wire transfers, credit cards, and Skrill. Withdrawals can be made via credit or debit cards or bank wire transfers, with processing times typically ranging from one to two working days for online methods, and three to five working days for international wire transfers.
Keywords
* Scam Brokers
* 2-5 years
* Suspicious Regulatory License
* Suspicious Scope of Business
* High potential risk
View More
Disclosure
__
__
Change Record
Item
Date
Before
After
Details
No results found.
Try different filters or a wider search.
※ Data Source
WikiFX Dataprovide
Special Note
Agree and Continue
News
Exposure What is the matter with OTFX? OTFX, an Australia-based broker with around two years of trading experience, has recently come under scrutiny for its questionable practices. __2024-08-20 16:16 News OTFX enhances investment precision through technological progress and professional services. In the investment field, precision is of utmost importance, as the saying goes, “A miss is as good as a mile. __2023-12-07 10:04 News The impact of OTFX’s business philosophy on the financial investment industry. Before establishing a successful venture, it is imperative to forge a successful team. __2023-12-07 10:02 News The future trend of OTFX is guiding the financial technology in the foreign exchange domain, reshaping the ecological landscape of the forex industry. Navigating the path of technological advancement, constructing new heights __2023-12-06 10:18 News OTFX’s principle of customer supremacy: Rigorously safeguarding client privacy in forex trading to ensure business compliance. To seek the luxuriance of wood, one must first strengthen its roots __2023-12-06 10:17 News OTFX’s Forex Internationalization Strategy: Expanding into the global forex market to increase brand influence. As the footsteps of time continue to march forward, a globalized market is gradually taking shape. __2023-12-06 10:16
View More
Wiki Q&A
No more
User Reviews6
All (6) Positive (1) Neutral (2) Exposure (3)
范小倩 3-5 years Exposure No true love on dating apps. Be careful about romance scam. A man I met on a dating app told me that he had recently joined an investment group to invest in foreign exchange. It turned out to be a scam and now I can’t withdraw the money I deposited. So I hurry up to expose the whole thing. __2024-03-14 __Taiwan
外汇行业大师 6-10 years Exposure OTFX cannot withdraw money Rubbish platforms, fraudulent platforms. Difficult to withdraw money. Stay away from black platforms as soon as possible. __2024-01-19 __Malaysia
雨火? 6-10 years Exposure Fake forex For a securities firm within a year, it is a daily necessities locked market. There is no real transaction. It is just a packaged market. __2023-11-29 __Hong Kong
Mandery 6-10 years Positive OTFX: Unleash Your Trading Potential with Diverse Instruments and Premier Education OTFX is awesome! They’ve got a ton of trading instruments to choose from and their educational tools are top-notch. Whether you’re a beginner or an experienced trader, they’ve got something for you to help you grow and succeed. __2024-07-10 __Tunisia
Wentworth-Stanley 6-10 years Neutral OTFX Review: Mixed Customer Service, User-Friendly Platform, Competitive Fees, Room for More Trading Instruments On OTFX, customer service can be quite a rollercoaster—sometimes prompt, sometimes not. Their platform? User-friendly and pretty intuitive. There’s good news for traders on the spreads and fees front—it’s in line with the industry standard. But they could spice things up a bit more on the trading instruments front. Their account types are varied, catering to traders across the board. Overall, my OTFX journey has largely been a positive experience. __2023-12-01 __Argentina
Alistair Hargreaves 6-10 years Neutral OTFX: Competitive Spreads, Mixed Customer Service, Limited Instrument Diversity While their account types offer commendable variety to cater to all sorts of traders, OTFX has room for improvement when it comes to customer service. It’s a bit of a hit or miss. On the bright side, the spreads and fees are competitive. However, traders seeking diversity might be underwhelmed by the range of trading instruments available. __2023-11-30 __Portugal
No more
__
Write a review
Exposure
Neutral
Positive
Content you want to comment
Please enter…
Submit now
Comment 6
__
Write a comment
6
__[](/en/contract.html)[](/en/download.html)TOP
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
__