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OTC Europa

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Operating status: SCAM

Website: https://otceuropa.com/; http://otceuropa.info/; http://otc-500.support/

Broker violations and abnormal records
  • 2024-10-29 The BaFin releases a warning about OTC Europa

    On October 30, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the services offered by the company OTC Europa (otceuropa.com, otceuropa.info and otc-500.support), which is offering financial and investment services without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_10_30_OTC_Europa_en.html

    On October 30, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the services offered by the company OTC Europa (otceuropa.com, otceuropa.info and otc-500.support), which is offering financial and investment services without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_10_30_OTC_Europa_en.html
  • 2024-10-30 BrokersView has reviewed that OTC Europa is an unregulated broker

    According to its website, its offices are located in the United States and Switzerland. Upon investigation, no matching information was found in the National Futures Association (NFA) and Swiss Financial Market Supervisory Authority (FINMA).

    In addition, the Federal Financial Supervisory Authority (BaFin) warned consumers about the services offered by the company OTC Europa (otceuropa.com, otceuropa.info, and otc-500.support), which is offering financial and investment services without the required authorization. 

    In essence, OTC Europa is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    OTC Europa appears to be a scam.

    According to its website, its offices are located in the United States and Switzerland. Upon investigation, no matching information was found in the National Futures Association (NFA) and Swiss Financial Market Supervisory Authority (FINMA).In addition, the Federal Financial Supervisory Authority (BaFin) warned consumers about the services offered by the company OTC Europa (otceuropa.com, otceuropa.info, and otc-500.support), which is offering financial and investment services without the required authorization. In essence, OTC Europa is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.OTC Europa appears to be a scam.

Related Complaints

Q&A

OTC Europa, safe?

Kieron Panagiotou
Japan
2024-11-01
ANSWER Dear Investor,Thank you for your message. We have verified and confirm that OTC Europa is a scam. OTC Europa provides financial services through three websites, but we have limited information about the company behind this brand. The operators appear to want to stay anonymous, which allows them to dodge authorities and disappear if issues arise. While they claim to operate in the US and Switzerland, there are no indications that OTC Europa is registered with the relevant financial regulators in either country. Additionally, the Federal Financial Supervisory Authority (BaFin) has investigated OTC Europa and issued a warning, noting that it is not authorized and should be avoided.Therefore, we strongly advise you to stay clear of OTC Europa to avoid falling victim to potential fraud. For a safer trading environment, it is recommended to opt for fully regulated brokers instead.
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1 comments

Anastasia Athena
Over a month ago I lost $478000 to a fake trading company when i wanted to make a withdrawal from my trading account my account manager keep asking me to pay more fees to enable me withdraw my capital money and my profits, I was stressed out and frustrated at that moment couldn’t find legit help anywhere. Lucky enough I got referred to a lady called Julie Trish who helped me to recover all my funds and also guide me on how to make a successful withdrawal, this lady is a genius she recovered the full amount which got me speechless God bless you Julie trish greetings from Florida!!! You can also send a direct message via her personal gmail address (julietrish9 @gmail.com ) contact her she can also help you out
14 hours ago
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