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Score
South Africa
Regulated in Australia
Inst Forex Execution (STP)
MT4 Full License
Regional Brokers
Medium Risk
Benchmark
Influence
Add brokers
Comparison
Quantity 7
Exposure
Score
Regulatory Index6.05
Business Index7.73
Risk Management Index8.90
Software Index9.35
License Index5.96
Single Core
1G
40G
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Company Name
OTSO Markets (Pty) Ltd
Company Abbreviation
OTSO
Platform registered country and region
South Africa
Company website
X
YouTube
Pyramid scheme complaint
Expose
Using fake market quotes, there is actual hidden manipulation
The platform doesn't let me withdraw my profit, not even my principal. This is a major fraudulent platform. Please be cautious, fellow traders.
The platform deducted my profits. Even after requesting my cooperation in filming a video of myself holding my ID card, they still haven't paid out the principal. More than a week has passed since I replied to their emails, and they still haven't processed the matter.
OTSO is a typical example of a platform that uses "illegal trading and high-frequency trading" as an excuse, but its essence is a gambling model under which client's profit means the platform's loss . They don't allow clients to withdraw without any reasonable explanation, and even communicate directly in internal group chats to prevent withdrawals. Look how shameless they are! Previously, OTSO also had a direct connection with a fraudulent platform called TSKFX—after users complained about being unable to withdraw from TSKFX, their accounts were forcibly migrated to the OTSO platform.
It's a fraudulent platform that doesn't allow withdrawal after making a profit.
If you win money, they accuse you of illegal trading; if you lose, it's a bottomless pit. They never pay the promised commissions. This is a completely dishonest platform. Please be extremely cautious, all users.
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