Score
Otrade
United Kingdom|1-2 years| https://toroc.io
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Otrade also viewed..
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Website
toroc.io
Server Location
United States
Website Domain Name
toroc.io
Server IP
172.67.137.117
Company Summary
Note: Otrade's official website: https://toroc.io/ is currently inaccessible normally.
Otrade Information
Otrade, registered in London, UK in 2022. The trading instruments offered by the brokerage are Cryptocurrencies, CFDS and Stocks. But Otrade's website is inaccessible and opaque, offering a small range of trading instruments that are not regulated.
Is Otrade Legit？
Otrade is currently unregulated.
Therefore, the broker may have greater problems and risks in terms of security, legality, credibility and stability.
Investors are invited to choose brokers that are strictly regulated to ensure the legitimacy and standardization of their business operations.
Trading Instruments
Otrade offers three main types of trading instruments to meet the needs and preferences of various investors, mainly Cryptocurrencies, CFDS and Stocks.
Payment Methods
The broker supports these three payment methods, VISA, Bitcoin and Mastercard.
Downsides of Otrade
- Unavailable website
Its official website is not accessible, so the information that can be queried is very scarce.
- Lack of transparency
Otrade lacks transparencyand investors have a relatively low understanding of the broker.
- Regulatory concerns
The broker isnot regulated, which means that its safety factor is not high and the risk is large.
- Less trading instruments
The information that can be queried shows that compared with other brokers, Otrade has fewer trading tools and payment methods, which is not the best choice for investors.
Negative Otrade Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there was 1 piece of Otrade exposure in total. I will introduce it.
Exposure 1. Suspected fraud
| Classification | Account problem |
| Date | 2024-01-23 |
| Post Country | Argentina |
The user said that his account has been suspended and has not received a response for a long time, please beware of the broker.
You may visit: https://www.wikifx.com/en/comments/detail/Co202401237731272503.html
Conclusion
In summary, the Otrade official website is not available, information disclosure is less, it is not regulated, and there are problems such as user exposure account suspension and no response. These circumstances show that trading with Otrade is extremely unsafe and vulnerable to capital losses.
Investors are asked to take the above issues seriously, and must be careful when choosing brokers, focusing on the safety of personal funds and property.
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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