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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.

1 comments

Leticia Maria
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
7 hours ago
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