OTTO FOREX Review : Fees, Pros and Cons, Reviews by Real Traders

OTTO FOREX

Operating status: SCAM

Website: https://www.ottofxtrading.com/

Broker violations and abnormal records

Feb 23, 2022 The UK FCA Added OTTO FOREX into Its Warnings
On 24 Feb 2022, the FCA issued a warning that OTTO FOREX has not been authorised to carry out financial services and products in the UK, you may visit: https://www.fca.org.uk/news/warnings/otto-global-forex-limited

On 24 Feb 2022, the FCA issued a warning that OTTO FOREX has not been authorised to carry out financial services and products in the UK, you may visit: https://www.fca.org.uk/news/warnings/otto-global-forex-limited
Apr 03, 2022 The Spanish CNMV Added OTTO ROREX into Its Warnings and Alerts
On 4 Apr 2022, the CNMV issued a warning that OTTO FOREX has not been authorised to provide investment services, you may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=Otto%20Forex%20Global%20Limited

On 4 Apr 2022, the CNMV issued a warning that OTTO FOREX has not been authorised to provide investment services, you may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=Otto%20Forex%20Global%20Limited
Apr 13, 2022 BrokersView has reviewed that OTTO FOREX is an Unregulated Forex Broker
OTTO FOREX claims it is a reliable broker supervised by the US National Futures Association (NFA) with a license number: 05445302. We did find a match result to the company name "Otto Forex Global Limited" in NFA. However, the license number of Otto Forex Global Limited is 0545302 which is not the one this broker claims on the website. Besides, the result shows that this broker is not under valid regulation by NFA as Otto Forex Global Limited is not an approved member of the regulator. That means the regulation info this broker claim on its website is a false statement for unsuspecting traders.
More importantly, two professional regulators-the National Securities Market Commission (CNMV) and the Financial Conduct Authority (FCA) both issued warnings that this firm has not been authorized to provide forex investments and services. So OTTO FOREX is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

OTTO FOREX claims it is a reliable broker supervised by the US National Futures Association (NFA) with a license number: 05445302. We did find a match result to the company name "Otto Forex Global Limited" in NFA. However, the license number of Otto Forex Global Limited is 0545302 which is not the one this broker claims on the website. Besides, the result shows that this broker is not under valid regulation by NFA as Otto Forex Global Limited is not an approved member of the regulator. That means the regulation info this broker claim on its website is a false statement for unsuspecting traders.More importantly, two professional regulators-the National Securities Market Commission (CNMV) and the Financial Conduct Authority (FCA) both issued warnings that this firm has not been authorized to provide forex investments and services. So OTTO FOREX is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
Jul 07, 2022 BrokersView has found that OTTO FOREX is not working
On 8 Jul 2022, BrokersView found the domain https://www.ottofxtrading.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

On 8 Jul 2022, BrokersView found the domain https://www.ottofxtrading.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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