OTM Trade

General Information & Regulation

OTM Trade is online forex and CFD broker. The company behind OTM Trade is OTM Capital registered in Indonesia. Since OTM Trade is not subject to any regulation, we would still advise caution when dealing with unregulated brokers.

Markets Instruments

The selection of trading products available for clients includes currency pairs, CFDs on precious metals, indices, as well as commodities.

Minimum Deposit

While the minimum requirements for all account types at OTM Trade are very low, $100. Although this amount is reasonable for most regular traders, given the fact that this broker is not subject to any regulation, traders are not advised to register trading accounts here.

Leverage

OTM Trade provides a maximum leverage of 1:100. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads at OTM Trade are variable. While usually the spreads are slightly higher than the ones offered other accounts, the company does not provide much information on them. Our testing with the platform revealed spreads starting from 1.2 pips on EUR/USD.

Trading Platform Available

OTM Trade offers MetaTrader4 (MT4) as their trading platform. This is the most popular solution, which is preferred by many brokers. It is also admired by lots of traders, mainly for the outstanding charting capabilities and the add-ons which are available. At the MQL marketplace, a broker independent online store, you can test, loan and purchase newly developed technical indicators and automated trading robots (better known as Expert Advisors).

Deposit& Withdrawal

In terms of payment methods available with OTM Trade, this broker does not make this part clear. In most cases, most broker would supports traders funding their account through Visa, MasterCard, Wire transfer, as well as Skill and Neteller.