What is OTOFPR LIMITED？
OTOFPR LIMITED, based in China, operates as a broker without regulatory oversight, as it lacks official regulation. The absence of regulatory compliance raises concerns regarding the platform's adherence to financial standards and user protection measures.
Pros & Cons
Pros:
High Leverage: OTOFPR LIMITED provides a high leverage of 1:400, offering traders the potential to amplify their positions and enhance trading outcomes.
24/7 Customer Service: The platform offers round-the-clock customer service, ensuring users can seek assistance and address inquiries at any time.
APP Available: OTOFPR LIMITED provides a mobile application that enhances accessibility and allows users to trade on the go.
Cons:
No Regulation: OTOFPR LIMITED operates without regulatory oversight, indicating a lack of adherence to established financial standards and potentially posing risks to users.
Info on Key Trading Conditions Are Missing: Crucial information on key trading conditions such as leverage, spread, and commission is not provided, leaving users in the dark about essential aspects of the trading environment.
Is OTOFPR LIMITED Safe or Scam？
Regulatory Sight: OTOFPR LIMITED operates without regulatory oversight and lacks an official license, making it a non-regulated trading platform. The absence of regulatory authority raises potential concerns as the platform does not adhere to established financial standards and consumer protection measures enforced by regulatory bodies.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
Trade 62 currency pairs with ultra-low spreads and fast execution. This allows traders to engage in the foreign exchange market and capitalize on currency price movements.
Speculate on the price movements of precious metals such as gold and silver against the DOLLAR. Trading metals adds diversity to the trading portfolio.
OTOFPR LIMITED provides access to mainstream virtual currencies like BTC (Bitcoin), ETH (Ethereum), BCH (Bitcoin Cash), ETC (Ethereum Classic), DASH, and more. Traders can take advantage of the growing cryptocurrency market.
Access major international stock indexes and crude oil without fees, re-quotes, or hidden markups. This allows traders to participate in broader market trends and commodity trading.
Leverage
OTOFPR LIMITED offers a high leverage of 1:400. This means that traders can control a position size up to 500 times the amount of their initial margin. While high leverage can amplify potential profits, it also increases the level of risk, requiring traders to exercise caution and implement effective risk management strategies.
Trading Platform
OTOFPR LIMITED offers TradingView as its trading platform. It is also available as an app on both IOS and Android. TradingView provides a robust charting standard with 31 chart analysis tools and 30 technical indicators. Traders can customize technical indicator parameters and time-limit patterns, and the position indicator and technical parameters are displayed on the chart.
The platform provides super-fast order execution, with servers cross-linked to the ECN for ultra-low latency, making it suitable for automation and high-frequency trading. Traders can create customized metrics, scripts, and function libraries using the platform's programming language (MQL5), including expert consultant trading programs.
OTOFPR LIMITED establishes real ECN connections, linking to leading banks, hedge funds, and liquidity pools for fair trade execution. The platform boasts low point differences, drawing from a diversified pool of liquidity from up to 50 different banking institutions.
Conclusion
OTOFPR LIMITED, as a non-regulated broker offers high leverage, 24/7 customer service, and a mobile app, but crucial information on key trading conditions is missing, and its non-regulated status poses potential risks to users. We do not recommend users (especially beginners) to start trading with this broker.
Frequently Asked Questions (FAQs)
Q: Is OTOFPR LIMITED regulated？
A: No, OTOFPR LIMITED operates without regulatory oversight.
Q: What leverage does OTOFPR LIMITED provide？
A: OTOFPR LIMITED offers a high leverage of 1:400.
Q: Can I trade on mobile？
A: Yes, OTOFPR LIMITED offers a mobile app for trading on the go.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2024-02-07 17:53
2024-01-18 18:50
