Otc-500 Review – Safeguard Your Funds and Avoid This Offshore Sham
Otc-500 Review – Safeguard Your Funds and Avoid This Offshore Sham

Leading online trading organizations, who these charlatans claim to be, are actually nothing like unregulated brokerage platforms. All the claims about next-level security measures and unmatchable trading terms are blatant lies that this fraudster sells for a high price.

Pay attention to the details and how we unmask this dangerous illicit online trading firm in our Oct-500 review.

Regulated by: Unregulated Broker
Is This Company Safe? No, this Forex provider is an unlicensed entity so better stay away!
Known Websites: otc-500.com
Have Warnings from: N/A
Registered in: St.Lucia
Operating since: 2024
Trading Platforms: Web trader
Maximum Leverage: 1:500
Minimum Deposit: €250
Deposit Bonus: Hinted, undisclosed
Trading Assets: Forex, Crypto, Commodities, Indices, Shares
Free Demo Account: No
How to  Withdraw from This Company? Payouts are not allowed as these cons tend to steal all investments! It would be wise to contact our recovery agents for help.

Nothing Legal About Lying Brokers

Security, integrity, trading assistance, and premium technology offered on this online trading portal are all a part of the sham. The company allegedly offering such attractive trading services is actually a nameless conduct with only lies to present instead of a valid license.

Despite claims about having offices all around the world, legal documents actually reveal the true location of the firm’s headquarters – St.Lucia. One certainly unfortunate condition of trading with brokers from this nation is that they can’t be regulated in their jurisdiction. That is because FSRA of St. Lucia, as of July 2023, doesn’t regulate securities market participants.

Since the firm doesn’t appear in registers of any other regulators, such as FCA, ASIC, NFA and CNMV, we have no other choice but to consider the Otc-500 broker a scam.

Number of Victims Increases

Although the scheme has been launched in March 2024, a significant number of victims has already been registered in:

  • United Kingdom
  • United States
  • Canada
  • Australia

The Otc-500 scam promotes their services to traders from the strictest areas in the world when it comes to regulatory standards. They do so with the help of scam agents who operate boiler room schemes. 

These individuals are extremely skilled in convincing unsuspecting victims to invest in proposals that promise quick profit. Victims are usually found on social networks, such as Instagram, where this fraudster has a very active profile.

Bought User Reviews

Less experienced Forex investors are often quick to believe false feedback, like the one detected in various Otc-500 reviews. That’s why this campaign pays for fake reviews to be posted all over the most popular sites, like Trustpilot, Sitejabber and Reviews.io

If you, however, pay attention to the negative comments, you will see users warning other traders not to trust this fraudulent platform and the lies stated in positive reviews. Honest comments actually report unsolicited phone calls and threats from boiler room agents.

Merciless Fees to Rob Customers

Fees applied by the Otc-500 platform are far higher than what their competition tends to charge. Besides standard fees, there’s heaps of other mandatory payments clients have to make.

For example, there’s a withdrawal fee of 3.5% with the maximum withdrawal commission being $3,500. Accounts that have been idle for longer than 60 days will have a $50 inactivity fee deducted from their total balance. Profit clearance fee ranges from $1.50 to $5 per trade, depending on the instrument. 

There’s also a monthly maintenance fee of $20, alongside a verification fee of $100 if the customer doesn’t confirm their identity in a matter of 30 days.

When it comes to basic trading parameters, maximum available leverage according to the website is 1:500, while spreads remain unclarified.

Lack of Advanced Tools

Rarely anything good at all could be said about the trading features found on this platform. From a rigged trading software used by countless other illicit firms to overly expensive accounts, nothing gives an impression of reliability. 

What additionally undermines the entire impression is the cost of the services. Are they worth the price? Keep reading this review and see for yourself.

Don’t Trust the Platform!

Advertised as user-friendly, intuitive, and comprehensive, the Otc-500 app leaves a completely wrong impression on the client. Forex novices will easily believe trading is easy, but once they see the crooked software, it only displays profit. 

While it quickly becomes evident to the experienced eye that the information shown is a part of the deception, beginners may not be perceptive enough. 

Only Several Asset Groups

Compared to thousands of instruments provided by reputable Forex dealers, this firm offers only several basic groups of products. However, it remains questionable if any trading takes place at all when the server is unlicensed. 

Here’s what financial products are listed as available:

  • Currencies – EUR/USD, USD/GBP, USD/JPY
  • Commodities – Coffee, Cotton, Sugar
  • Indices – Dax, Dow Jones, Nikkei
  • Shares – Amazon, 3M, AstraZeneca
  • Crypto – ETH, LTC, SHIB

Investment Plans and Live Accounts

Whoever wishes to purchase an Otc-500 account first chooses between Standard and Advanced packages. Those that cost less only have basic options to offer. 

More expensive ones allegedly include features like guaranteed trades, market reports, and signals. The prices aren’t affordable, however:

Standard Accounts:

  • Test Account – €250
  • Silver – €5,000
  • Gold – €10,000


  • Platinum – €25,000
  • Diamond – €50,000
  • VIP Account – €100,000

Crypto Savings:

  • USDT Savings – rewards up to 3% monthly
  • Ethereum Savings – rewards up to 6% monthly
  • Bitcoin Savings – rewards up to 10% monthly

Xpress Fund also offers mining and staking options yet ruthlessly steals all crypto investments.

Payout is Not an Option

The minimum amount that can be withdrawn from a live trading account is $50. When it comes to other Otc-500 withdrawal information, the user area displays confusing information. 

While deposits can be made in cryptocurrencies, only wire transfers are available for payouts. This is an example of severe negligence of the regulatory rules and AML measures. 

This information is enough to clear all our doubts about this broker’s predatory intentions. Please also beware of Dqsbit, a fraudulent trading site with a special affinity for crypto deposits.

Customer Support Doesn’t Respond

If you’ve already tried to sign up for a new Otc-500 login, you’re probably aware that the promised email with further instructions about account verification never arrives. That isn’t the only problem with the unresponsive client support office. 

When we tried to reach out to the support agents, no one cared about replying to the emails. So much for alleged 24/7 customer assistance!

Get Help With Fund Recovery!

Having difficulties getting your initial investment back from this unscrupulous trading domain? Worry not, help is always available. 

Our recovery specialists are extremely knowledgeable and experienced when it comes to chargeback procedures and legal issues. Book your free consultation with our chat agents and let us recover your lost capital swiftly and seamlessly.

FAQ Section

What is Otc-500?

The false brokerage platform belongs to an anonymous company that promotes fake online investment opportunities. If you have been sold this bogus service, contact us in order to get your money back.

Is Otc-500 Legit?

The broker dealer that runs the website doesn’t have a valid Forex license and is just another offshore fraudster.

Where is Otc-500 Located?

The firm claims to have offices in several locations around the world, but legal documents reveal the actual location of the company to be St.Lucia.


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