OTC-500 claims to be a online trading broker, which has offices in the United Kingdom, the United States, and Switzerland, offering wide range of financial services, including Digital Currencies, Forex, Indices, Shares, Goods and more instruments in global markets. But it lacks crucial regulatory information, a company that offers financial services must give an address and have a license in the country where it is located.

Upon investigation, we found that OTC-500 is not regulated by the United Kingdom Financial Conduct Authority (FCA), the National Futures Association (NFA) in the US and the Swiss Financial Market Supervisory Authority (FINMA).

The truth is that OTC-500 is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.

OTC-500 is a scam.

On 27 Jun, 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against OTC 500, believing this company might be providing financial services or products without proper authorization in the Switzerland. https://www.finma.ch/en/finma-public/warnungen/warning-list/otc-500/

On August 28, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the website otc-500.ai, otc-500.com and trade-otc-investment.com, stating that the financial and investment services are being provided on this website without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_08_28_OTC_500_en.html

BrokersView found that the domain "https://otc-500.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.