OTTO FOREX Review
25
Fast Facts
Contact Info and Support
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | - |
| Country Code | - | |
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| Category Rank | - | |
| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
| Pageviews per Visit | 0 | |
| Avg. Visit Duration | 0 | |
| Estimated monthly visits | July 2025 | 0 |
| August 2025 | 0 | |
| September 2025 | 0 | |
| Traffic sources | Social | - |
| Paid Referrals | - | |
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| Referrals | - | |
| Search | - | |
| Direct | - |
About OTTO FOREX
Otto Forex (operating also under Otto Forex Global Limited and potentially using Expand Assets Global Limited in documentation) holds no regulation by any recognized authority. The UK’s Financial Conduct Authority (FCA) issued a warning that Otto Forex is providing financial services in the UK without authorisation; websites associated include ottofxtrading.com and ottoforex.com. The US National Futures Association (NFA) lists Otto Forex as not authorised (license number 0545302 claimed but not valid). Spain’s CNMV issued a similar warning. The company was reportedly incorporated in December 2021 and dissolved by June 2023. Otto Forex offers MetaTrader 5 (MT5), claims access to forex, CFDs, commodities and other assets, and reportedly has a minimum deposit around $100. Trading conditions, spreads, commissions, withdrawal terms, and deposit methods are not transparently disclosed. Numerous customer complaints cite withdrawal refusals, demands for additional deposits, and nonresponsive support.
Pros and cons
Pros
- MT5 trading platform available.
- Claims to offer a variety of tradable assets including forex, CFDs, commodities.
- Reportedly accessible minimum deposit (around $100).
Cons
- Unregulated by FCA (unauthorised), NFA (not authorised), CNMV (warning issued).
- Lack of transparency on trading conditions, fees, deposit and withdrawal methods.
- Company dissolution after short lifespan (incorporated December 2021, dissolved June 2023).
- Multiple user complaints regarding withdrawal issues and pressure for additional deposits.
