Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators

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
The WikiFX Score of this broker is reduced because of too many complaints!

OTM Trade

United States | 5-10 years |
Scam Brokers | Suspicious Regulatory License | Suspicious Scope of Business | Clone Firm Indonesia | High potential risk

--

Website

Rating Index

Contact

support@otmtrade.com
--
28 WYSTERIA COURT, TORRINGTON, CT, 06790 United States
The WikiFX Score of this broker is reduced because of too many complaints!
Keywords 6
Scam Brokers
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Clone Firm Indonesia
High potential risk
This platform is a Ponzi Scheme. Please stay away!
2025-09-23
  • 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!
6

Basic Information

Registered Region
United States
Operating Period
5-10 years
Company Name
OTM Capital
Abbreviation
OTM Trade
Company employee
--
Customer Service Email Address
support@otmtrade.com
Company Website
--
Company address
28 WYSTERIA COURT, TORRINGTON, CT, 06790 United States

12356c

Unverified

Hong Kong

It induced you to deposit and blocked the investment in the name of money laundering, then asked for depositing to unlock the account. Unable to withdraw.

Exposure

2021-10-21

FX3623203756

Unverified

Hong Kong

I relied my friend so I invest here but we know nothing about it. It look like a pyramid scheme. I wanna die

Exposure

2020-09-10

FX1994845060

Unverified

Hong Kong

Fraud platform. Unable to withdraw. I was kicked out from the WeChat group by the broker as they didn’t let me tell the truth. False advertising.

Exposure

2020-08-28

陆宁

Unverified

Hong Kong

After the fund was transferred into Ouli, it became unavailable. The leader said it would go to Indonesia for verification after the virus. Currently, I could make withdrawals.

Exposure

2020-07-01

真心对人

Unverified

Hong Kong

The leader Wang Fuwen is disappeared. The platform ripped me off.

Exposure

2020-05-30

光辉岁月72412

Unverified

Hong Kong

All data in OTM Trade has been deleted. MT4 is closed. Call the police as soon as possible.

Exposure

2020-04-17

对方正在输入.........

Unverified

Hong Kong

It is simply a Ponzi Scheme, in which both fund and profit are unavailable. When I asked for explanation, I was removed off the group. Please call the police as soon as possible, or your fund will be doomed.

Exposure

2020-04-13

HaHa1234

Unverified

Malaysia

Clients from Chinese mainland, Malaysia, and Taiwan cannot withdraw fund.

Exposure

2020-03-27

FX2021999212

Unverified

Hong Kong

It is one of the scams in Indonesia, which give no access to withdrawal.

Exposure

2020-03-07

一个被骗者

Unverified

Hong Kong

OTM Trade , with its agent and data teachers, inveigled clients to open accounts with high returns and manipulated their accounts maliciously. Then they also closed position compulsorily and charged high rollover. The following pics are the fake record by agent and the faced of the APP. Don’t be cheated. I have been scammed of 200 thousand RMB.

Exposure

2020-02-20

58
Genealogy
Relevant Enterprises
Employees
Company Summary
Comment

Users who viewed OTM Trade also viewed..

XM

9.10
Score
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
XM
XM
Score
9.10
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website

Hantec Markets

8.57
Score
ECN Account 15-20 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
Hantec Markets
Hantec Markets
Score
8.57
ECN Account 15-20 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
Official website

TMGM

8.55
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
TMGM
TMGM
Score
8.55
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website

Neex

8.73
Score
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Neex
Neex
Score
8.73
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website

Genealogy

vip VIP is not activated.
Please visit the WikiFX App to be our VIP.
Open Now

Relevant Enterprises

OTM CAPITAL LLC(Connecticut (United States))
Abnormal
United States
Registration No. 0865107
Established 2018-04-16
Related sources Website Announcement

Company Summary

Is OTM Trade a Scam?

  • Scam Brokers List

OTM Trade has been listed on WikiFX's Scam Brokers list. The platform operates as a Ponzi scheme. Please be aware of the scam domain as follows:

https://www.otmtrade.com/

  • Regulatory Concerns

OTM Trade is currently regulated by Badan Pengawas PerdagangarBerjangka Komoditi KementerianPerdagangan and Indonesia Commodity and Derivatives Exchangeis but it's been under “Clone Firm” status. Both OTM Trade's licenses are clones implies OTM Trade lacks valid regulation. This means that the broker is not a safe forex broker. We recommend that you look for a regulated broker as an option.

Clone BAPPEBTI
Clone ICDX
  • Scam Exposure

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

User Exposure on WikiFX

As of now, there are 59 pieces of OTM Trade exposure in total. I will introduce 2 of them.

Exposure 1. Can not withdraw

ClassificationUnable to withdraw
Date 2020-07-01
Post CountryHong Kong, China

The user said that the fund became unavailable after it was transferred into Ouli. You may visit: https://www.wikifx.com/en/comments/detail/202007012992880781.html

Exposure 1. Can not withdraw

Exposure 2. Fraud broker

ClassificationOthers
Date 2020-05-30
Post CountryHong Kong China

The user said the leader Wang Fuwen had disappeared and the platform ripped him off. You may visit: https://www.wikifx.com/en/comments/detail/202005298992219853.html

Exposure 2. Fraud broker

Keywords

  • Scam Brokers
  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • Clone Firm Indonesia
  • High potential risk

User Reviews 58

All (58) Exposure (58)
Scroll down to view more
Write a review
Exposure
Neutral
Positive

Content you want to comment

Please enter...

Submit now
Write a comment
58
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com