OTTMarkets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-06 17:49

Abstract：OTTMarkets is a broker with three account types that provide a maximum leverage of 1:100. The tradable instruments include forex, index, ETFs, spot metals, energies, stocks, and cryptocurrencies. The minimum spread is from 0 pips and the minimum deposit is $100. OTTMarkets is still risky due to its unregulated status, high leverage, and incomplete information about contact details, payment methods, and more.

OTTMarketsReview Summary
Founded	2023-01-04
Registered Country/Region	China
Regulation	Unregulated
Market Instruments	Forex/Index/ETFs/Spot Metals/Energies/Stocks/Cryptocurrencies
Demo Account	✅
Leverage	Up to 1:100
Spread	From 0
Trading Platform	OTT Markets cTrader(Mobile/Desktop/Web）
Min Deposit	$100
Customer Support	Not mentioned

OTTMarkets Information

　　OTTMarkets is a broker with three account types that provide a maximum leverage of 1:100. The tradable instruments include forex, index, ETFs, spot metals, energies, stocks, and cryptocurrencies. The minimum spread is from 0 pips and the minimum deposit is $100. OTTMarkets is still risky due to its unregulated status, high leverage, and incomplete information about contact details, payment methods, and more.

Pros and Cons

Pros	Cons
Leverage up to 1:100	Unregulated
Spread as low as 0 pips	Missing contact details
Demo account available	No payment method
Have educational resources

Is OTTMarkets Legit?

　　OTTMarkets is not regulated, which makes it less safe than regulated brokers.

What Can I Trade on OTTMarkets?

　　Traders can choose different investment directions because the broker provides forex, index, ETFs, spot metals, energies, stocks, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Index	✔
ETFs	✔
Spot Metals	✔
Precious Metals	✔
Energies	✔
Stocks	✔
Cryptocurrencies	✔

Account Type

　　OTTMarkets has three types of accounts: Standard, Prime, and Institutional. Traders who want low commission can choose an institutionalaccount and those who prefer low deposit can open a standard account.

Account Type	Standard	Prime	Institutional
Minimum Deposit	$100	$2000	$10000
Available Base Currencies	USD, EUR	USD, EUR	USD, EUR
Spreads From	0.0 pips	0.0 pips	0.0 pips
Max Leverage	1:100	1:100	1:100
Negative Balance Protection	Yes	Yes	Yes
Min. Lots	0.01	0.01	0.01
Commissions	$9 per side per $100K traded	$6 per side per $100K traded	$3 per side per $100K traded
Hedging Allowed	Yes	Yes	Yes