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otc 500

Newest

ANSWER Verifying a broker's legitimacy is of utmost importance, rather than simply accepting their claims at face value. Despite claiming to have offices in three countries, OTC 500 is not a regulated broker.The absence of regulatory information is a red flag, indicating potential non-compliance with relevant regulations. Although OTC 500 claims to have offices in the UK, the US, and Switzerland, our checks with the appropriate financial regulators indicate that it is not registered with any of them.Operating outside of regulatory frameworks, OTC 500 presents a significant risk of fraud and identity theft. Funds entrusted to it by investors are not protected in the event of any issues, due to the lack of regulatory safeguards. Therefore, we strongly recommend choosing fully regulated brokers over unregulated ones like OTC 500.

How do I open a demo account on OTC 500?

Lothar

Denmark

May 29, 2024

ANSWER We strongly advise against opening an account with OTC 500, an unlicensed broker.Despite the broker's claims of having offices in various countries, there is no evidence to suggest that it is registered with any financial regulators within these jurisdictions. OTC 500 has not provided any regulatory information to validate its legitimacy and credibility.Investors who deal with a broker operating in an unregulated environment are at risk of financial losses. Their funds are not protected by regulatory safeguards. Therefore, we strongly recommend investors to steer clear of OTC 500 and opt for fully regulated brokers instead.

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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.