OTC 500 looks international as it has offices in different countries. Is it a good option?

https://otc-500.com/

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.