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OTX FOREX

Moderate riskForex / CFD broker
🇻🇨 Saint Vincent and the Grenadines · 5-10 years · since 2020-04-13 · Oxford Ventures LLC
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
2 reviews ›
0
Licenses ›
0
Withdrawal issues ›
$100
Min. deposit ›
1:200
Max leverage ›
4
Account types ›
45/100
Scam risk ›
0
Clone sites ›
Accounts: ECN · $1000VIP · $5000Islamic Account · $200Micro · $100
▲ 100% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.61/10
Trustpilot—/5
Forex Peace Army—/5
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OTX FOREX operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
45
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Saint Vincent and the Grenadines (offshore, light oversight)
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration808%
Transparency (site/info/social)2210%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameOxford Ventures LLC
Headquarters🇻🇨 Saint Vincent and the Grenadines
Founded2020-04-13
Years operating5-10 years
Employees0
Official websiteotxforex.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
ECN 1:200$1000----✓
VIP1:200$5000--Commission of $7 per Standard Lot✓
Islamic Account 1:500$200----✓
Micro--$100----✓

Review analysis AI

OTX Forex is an unregulated broker based in Saint Vincent and the Grenadines, offering retail forex and CFD trading with high leverage and bonus promotions. The complete absence of regulatory oversight poses substantial risks, including lack of client fund segregation and no recourse in case of disputes. FXCanary advises extreme caution; traders should only commit funds they can afford to lose and consider regulated alternatives.

Best for
  • Traders seeking high leverage up to 1:500 with low initial deposits
  • Experience traders looking for raw spread ECN accounts with commission-based pricing
  • Traders requiring Islamic (swap-free) accounts
Not for
  • Traders who prioritize regulatory oversight and investor protection
  • Those seeking a broker with a long established track record
  • Risk-averse individuals uncomfortable with unregulated brokers
Period:
What users praise
Where reviewers are from
Australia1
Germany1

Real user reviews

Where OTX FOREX operates

Active across 2 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇮🇳 India
🇺🇸 United States

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What OTX FOREX says about itself as stated by the broker · not independently verified by FXCanary

Overview

OTX Forex describes itself as a leading online forex broker providing access to the global forex market through top-tier FX liquidity providers. The broker claims to offer trading in FX pairs, stocks, indices, energy, and commodities, boasting 20,000+ active traders, over $200M in executed trades, 1 MS trade execution, $0 deposit and withdrawal fees, and 24/5 support.

According to its website, OTX Forex allows traders to access the 'trillion-dollar market' with just $100, and offers a 30% tradable and withdrawable bonus as well as a 100% Welcome Bonus up to $5000. The broker also promotes a 'Prop Trading NEW' feature.

Account Types

OTX Forex claims to offer four account types: Micro (minimum deposit $100, leverage up to 1:500, spread 1.5 pips, no commission), Islamic (minimum deposit $200, leverage up to 1:500, spread 1.2 pips, no commission), ECN (minimum deposit $1000, leverage up to 1:200, spread 0.0 pips, commission $10 per lot), and VIP (minimum deposit $5000, leverage up to 1:200, spread 0.0 pips, commission $7 per lot). All accounts offer MT5 platform, technical analysis, and hedging. Scalping is permitted on all accounts.

The broker states that each account type comes with an account manager, and the Islamic account is swap-free. Free signals are available on Islamic, ECN, and VIP accounts.

Trading Platforms

OTX Forex states it provides the MetaTrader 5 (MT5) trading platform, available for Windows, Android, Android Tablet, and as a Web Terminal. The broker claims the MT5 platform offers unique opportunities to trade Forex, Stocks, Gold, Oil, and Equity Indices from one platform with no rejections, no re-quotes, and flexible leverage.

Features highlighted include a single login for all platforms, technical analysis tools with multiple indicators and charting tools, multilingual interface, real-time management and execution, and one-click trading.

Products

According to its website, OTX Forex offers over 70 trading products including currency pairs (majors to exotics), highly traded commodities (e.g., Oil, Coffee), spot metals (Gold, Silver), energies (Natural Gas), indices, and share CFDs. The broker claims spreads as low as 0.1 pips on currency pairs like EUR/USD and USD/JPY.

The broker promotes diversification across multiple asset classes using a single trading platform, emphasizing energy as a highly volatile instrument with huge price movement.

Promotions and Policies

OTX Forex advertises a 30% tradable and withdrawable bonus and a 100% Welcome Bonus up to $5000. The broker's Payments and Refunds Policy outlines deposit and withdrawal procedures, stating all payments must be made according to instructions on the client's personal area and that third-party or anonymous payments are not accepted.

The Client Agreement includes terms and conditions covering margin, commissions, fees, account management, and liability. The broker's contact details include a UK phone number (+441865679984) and support email (support@otxforex.com).

About OTX FOREX

Introduction

OTX Forex is an online forex and CFD broker registered in Saint Vincent and the Grenadines, established on April 13, 2020. The company operates the website otxforex.com and presents itself as a multi-asset brokerage offering trading in forex, indices, shares, commodities, spot metals, and energies.

The broker is not authorized or regulated by any financial regulatory authority. Traders should be aware that operating without regulatory oversight means there is no external supervision or investor protection schemes in place.

Registration and Regulation

OTX Forex is registered as a business entity in Saint Vincent and the Grenadines, a jurisdiction known for low regulatory requirements. Our records confirm that the broker holds no valid licenses from any recognized regulator, such as the FCA, CySEC, ASIC, or similar bodies.

The absence of regulation is a significant factor for traders, as it means the broker is not required to adhere to standard financial conduct rules, client fund segregation, or dispute resolution processes. FXCanary advises traders to exercise caution when dealing with unregulated entities.

Account Types

OTX Forex offers four account types tailored to different trading styles and capital levels: Micro, Islamic, ECN, and VIP. The minimum deposit ranges from $100 for the Micro account to $5000 for the VIP account.

Leverage varies by account type: up to 1:500 for Micro and Islamic accounts, and up to 1:200 for ECN and VIP accounts. Spreads and commission structures also differ, with ECN and VIP accounts offering raw spreads from 0.0 pips plus a commission per lot, while Micro and Islamic accounts have fixed spreads with no commission.

Trading Platforms and Instruments

The broker provides the MetaTrader 5 (MT5) platform, available on desktop (Windows), mobile (Android), and web-based interfaces. MT5 is a widely recognized platform offering advanced charting tools, technical indicators, and automated trading capabilities.

Traders can access over 70 instruments, including forex pairs (majors, minors, exotics), commodities (e.g., oil, gold, silver), energies (natural gas), indices, and share CFDs. The broker claims to offer competitive spreads and fast execution.

Funding and Support

OTX Forex states that deposits and withdrawals are free of charge, with a minimum deposit of $100 for the Micro account. The broker's contact information includes a UK telephone number and an email address, suggesting a customer support team is available 24/5.

Payment methods are not explicitly listed on the website, but the Payments and Refunds Policy indicates that clients can fund their accounts via the personal area, and third-party payments are not accepted.

Target Audience

OTX Forex appears to target both novice and experienced traders, offering low minimum deposits and high leverage options. The inclusion of an Islamic (swap-free) account caters to traders who require Sharia-compliant trading conditions.

The broker also promotes bonus schemes and a prop trading feature, which may appeal to traders seeking additional capital or incentives. However, the lack of regulation means that these offers carry higher risk.

Overview compiled by FXCanary from regulatory records and public data. full OTX FOREX review