OTFX
Abstract：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.
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.
| Trading Platform | Supported | Available Devices | Suitable for |
| OTFX platform | ✔ | Mobile and Desktop（Windows & macOS） | Experienced Trader |
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.
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