On February 12th 2018, ASIC has warned the public not to deal with this company!
OTCapital was an Australian CFD Forex broker, that opened in 2017. They are growing quickly, and integrated with a variety of popular automated trading systems.
This broker offers clients CFD and Forex trading on Bitcoin and regular assets classes like Forex, Stocks, Oil, Gold, and Market Indexes. They have available more than 200 underlying assets to trade. The leverage amount and spreads vary depending on the time of day and the volatility of the asset. Leverage starts at 200:1 and goes as high as 500:1 for platinum account types.
A web based trading platform is available, along with the classic MT4 desktop software. Investors can also download the MT4 mobile trading apps for Android and iOS from the app stores. Investors at OTCapital can receive email alerts with trading signals and new trading ideas. Speak with customer service to ensure that your account is setup to receive the emails.
Automated trading systems are very popular with new investors. Be careful and make sure you don’t use one of the scam systems that are promoted via emails. You can see the most popular Forex trading robots today, listed here.
License & Regulation
When traders and investors compare Forex CFD brokers, they usually look for a broker that is licensed and regulated in their home country. The largest regulator of Forex broker is the FCA in United Kingdom.
OTCapital is an ASIC regulated and licensed broker. OT Markets PTY is a Corporate Authorized Representative of AGM Markets Pty Ltd, which has an Australian Financial Services License, number 422662. Client funds are kept at Commonwealth Bank of Australia.
You can find the popular licensed brokers listed here.
OT Markets Pty Ltd (ACN 621 714 181), Office 9, 242 Hawthorn Road, Caulfield North Victoria 3161, Australia.
Phone Number: +61 39 999 7330 | Email: [email protected] | Website: https://www.otcapital.com
Compare Forex Brokers
You have hundreds of licensed Forex brokers to choose from online. You can see an updated list of the popular brokers on the best brokers page.