OTT Markets is an emerging online trading platform established on January 4, 2023, offering a variety of financial product trading services, including forex, indices, commodities, and cryptocurrencies. Operated by OTT Markets LTD, the platform is currently unregulated.
Company Background and Regulatory Information of OTT Markets:
The official website of OTT Markets is: https://ottmarkets.com/, with the domain established on January 4, 2023. The platform claims to offer trading services in forex, indices, commodities, and cryptocurrencies, operated by OTT Markets LTD and regulated by the Moheli International Services Authority (MISA), under license number T2023301.
However, after investigation, we found the company's name on MISA's list of suspended companies and confirmed that its official website (https://ottmarkets.com/) is no longer regulated. This means the platform is currently not supervised by any financial regulatory authority, so investors should carefully consider whether to trade funds on this platform.
Account Registration Process of OTT Markets:
- Log in to the OTT Markets official website and click the registration button
- Fill out the application form
- Submit identity verification/documents
- Deposit funds and start trading
Account Types of OTT Markets:
Standard Account
- Minimum Deposit: $100
- Available Base Currencies: USD, EUR
- Spreads: From 0.0 pips
- Maximum Leverage: 1:100
- Negative Balance Protection: Yes
- Minimum Trade Lot: 0.01
- Commission: $9 per $100K trade (single-side)
Prime Account
- Minimum Deposit: Not specified
- Available Base Currencies: USD, EUR
- Spreads: From 0.0 pips
- Maximum Leverage: 1:100
- Negative Balance Protection: Yes
- Minimum Trade Lot: 0.01
- Commission: $6 per $100K trade (single-side)
Institutional Account
- Minimum Deposit: Not specified
- Available Base Currencies: USD, EUR
- Spreads: From 0.0 pips
- Maximum Leverage: 1:100
- Minimum Trade Lot: 0.01
- Commission: $3 per $100K trade (single-side)
Trading Software of OTT Markets:
OTT Markets uses cTrader as one of its main trading platforms, offering traders an advanced and comprehensive trading environment. The cTrader platform is renowned for its user-friendly interface, powerful features, and high flexibility, suitable for traders of all types, from beginners to professionals.
Trading Products of OTT Markets:
OTT Markets offers trading services for a variety of financial products to meet the needs of different types of investors. Detailed below:
Forex: OTT Markets provides a wide range of forex currency pair trading, including major pairs (such as EUR/USD, USD/JPY), minor pairs, and emerging market currencies.
Indices: Traders can invest in major global stock market indices through OTT Markets, such as the S&P 500, Dow Jones Industrial Average, Nasdaq Composite, and Germany's DAX.
Exchange-Traded Funds: OTT Markets offers trading services for various exchange-traded funds (ETFs).
Spot Metals and Energy: The platform offers trading in spot metals (such as gold, silver) and energy (such as crude oil, natural gas).
Stocks: OTT Markets allows traders to buy and sell global major market company stocks, including technology companies, financial institutions, healthcare companies, etc.
Cryptocurrencies: OTT Markets provides trading services for various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple. The high volatility of the cryptocurrency market attracts many speculators and long-term investors.
By offering these diverse trading products, OTT Markets aims to meet the needs of different types of investors. Whether novices or experienced traders, everyone can find suitable investment opportunities and trading tools. The platform's advanced technology and powerful trading functions provide users with an efficient, secure, and reliable trading environment.
What are the Spreads, Leverage, and Commissions of OTT Markets?
OTT Markets offers three types of accounts: Standard, Prime, and Institutional. All accounts have spreads starting from 0.0 pips, a maximum leverage of 1:100, and negative balance protection. In terms of commissions, the Standard account charges $9 per $100K trade (single-side), the Prime account charges $6 per $100K trade (single-side), while the Institutional account charges $3 per $100K trade (single-side). These account types are designed to meet the needs of different traders, from beginners to professionals, allowing them to find an account type that suits their requirements.
What are the Deposit and Withdrawal Methods of OTT Markets?
The specific deposit and withdrawal methods are not detailed on the OTT Markets official website. Typically, traders might be able to use various common payment methods for deposits and withdrawals, including bank transfers, credit cards, e-wallets, etc.
Customer Support of OTT Markets:
OTT Markets has not yet provided information on customer support methods.
Conclusion:
There are issues with the regulatory information of OTT Markets. The platform is currently not supervised by any financial regulatory authority. Moreover, the lack of clear customer support information adds potential risks. Investors should carefully consider these factors when choosing to trade with OTT Markets to ensure the safety of their funds. On TraderKnows, OTT Markets is rated as "Suspected Fraud."
