Otto Forex review - Pros, Cons, and Traders Ratings.

Not yet rated
2 REVIEWS
Out of business Otto Forex Global Limited
Updated: Oct 24, 2022

What is Otto Forex?

Otto Forex is a forex broker with MT5, MT Web and Mobile forex trading top platforms.

OttoFXTrading.com offers over 50 forex currency pairs, CFDs on shares, futures, indices, metals and energies for your personal investment and trading options.

Please read Otto Forex Reviews below and share your live trading experiences with this broker.

Otto Forex Global Limited claims to be NFA regulated under NFA ID: 0545302, but this is NOT TRUE.

The information on NFA BASIC shows NFA ID: 0545302 Otto Forex Global Limited is Not an NFA member, Non-Member not subject to NFA oversight. Please CLICK HERE to verify.

The FPA recommend against placing money with this broker.
is not NFA regulated.
Other websites of this company include OttoForex.com.
Website is down. Company seems to be out of business.
Otto Forex
Out of business
Not yet rated
2 REVIEWS

Recent User Reviews of Otto Forex

S
Sofitrader
Sao Paulo, Brazil,
Apr 11, 2022,
Registered user

Sneak/Scam company !!!

Service use: Live Length of use: 0-3 Months
Otto Forex is a SCAM broker, dont ever deposit there.
I have place a deposit via BTC and when i requested the withdrawal at first they approved, sent an email with the confirmation of withdrawal, took the money from my account and then i notice that was taking to long for a BTC transaction and i went to check for the pending transactions on my BTC address and there was none.
I then went to the live chat and spoke with the 'costumer support' which seems super scammy, they told me that the withdrawal was actually reject because i needed first to deposit more 823$ in order to them to proceed the withdrawal of the amount i have there 3166$. where in the world do i need to deposit more so the broker can proceed with the withdrawal when i have 3166$ positive amount on my wallet? LOOL
I tried to ask and requested multiple times for them to proceed with my withdrawal and without answers.
this is clearly a SCAM broker. Ill say that FPA should check and make this review public so everyone can see it and make sure to DO NOT DEPOSIT A CENT ON THIS SCAM BROKER.
J
Jaime
Florida, USA,
Feb 23, 2022,
Guest

SCAM

Service use: Live Length of use: 0-3 Months
Otto Forex Global Limited is a scam. I unfortunately selected them via MT5 trading platform (as victim of a con) and after several "successful" trading, I was not able to withdraw my funds after several days and times I tried.