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FXOTP

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Operating status: SCAM

Website: https://fxotp.com

Broker violations and abnormal records
  • 2024-09-24 BrokersView has Reviewed that FXOTP is an Unregulated Broker

    FXOTP claims to be a forex company registered in Saint Lucia with registration number 2023-00396, operated in Dubai, U.A.E., which offers forex trading services to clients worldwide.

    Upon investigation, we found that Fxotp Ltd is registered with the International Financial Centre (IFC) in Saint Lucia, an International Business Companies Registry that doesn't license forex trading brokerage activities. It is critical to note that this mere registration doesn't mean being licensed to carry on forex trading activities. The financial watchdog of St. Lucia, Financial Services Regulatory Authority (FSRA) has stated that forex trading activities are not licensed there. Without any other valid financial licenses, FXOTP's financial services for forex trading are not legitimate. 

    However, FXOTP is also not authorized and regulated by the DuBai Financial Services Authority (DFSA), the Central Bank of U.A.E.(CBUAE), the Securities and Commodities Authority(SCA) in the United Arab Emirates.

    The truth is that FXOTP is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.

    FXOTP is a scam.

    FXOTP claims to be a forex company registered in Saint Lucia with registration number 2023-00396, operated in Dubai, U.A.E., which offers forex trading services to clients worldwide.Upon investigation, we found that Fxotp Ltd is registered with the International Financial Centre (IFC) in Saint Lucia, an International Business Companies Registry that doesn't license forex trading brokerage activities. It is critical to note that this mere registration doesn't mean being licensed to carry on forex trading activities. The financial watchdog of St. Lucia, Financial Services Regulatory Authority (FSRA) has stated that forex trading activities are not licensed there. Without any other valid financial licenses, FXOTP's financial services for forex trading are not legitimate. However, FXOTP is also not authorized and regulated by the DuBai Financial Services Authority (DFSA), the Central Bank of U.A.E.(CBUAE), the Securities and Commodities Authority(SCA) in the United Arab Emirates.The truth is that FXOTP is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.FXOTP is a scam.

Related Complaints

Q&A

I doubt FXOTP is a scam.

DonR
France
2024-09-25
ANSWER Dear Investor,FXOTP is likely a scam.Alleged Offshore Registration: FXOTP claims to be registered in St. Lucia, an offshore center that provides minimal protections for investors. It is important to note that this area does not license forex trading, meaning FXOTP operates in an unregulated environment.Lack of Authorization: Despite claiming to be located in Dubai, FXOTP has not obtained the required licenses from relevant financial regulators.Therefore, we strongly advise against using FXOTP to protect yourself from potential fraud schemes. For a safer trading environment, we recommend opting for fully regulated brokers instead.
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1 comments

Goodness
I will advice everyone all over the world to stop wasting their money on fake brokers and scammers who promise you instant cash out. it's not as easy as you think. Please try to stay off because you would loose money. People who have lost money are so much and it gives a bad name to real investors. If you really lost alot of money in the name of bitcoin mining and binary option trading because you kept meeting the wrong managers. I work with recovery expert/consultants. He help people recover money they have lost from binary options crypto currency trading and bitcoin investment. You can reach him out on via( lucassalex11 @gmail.com) and he will guide you on steps to take to recover all your lost money just in 5 working days
6 hours ago
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