Meta OTC Review: Meta-otc.com a Shady Broker
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Meta OTC Review
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Fund Safety
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Customer Support
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Regulation
Summary
Meta OTC founder remains unknown. The scheme operates anonymously. It boosts confidence when you trade with transparent companies. These are entities working with professionals. It is impossible to trade discreet individuals if things go south.
Meta OTC founder remains unknown. The scheme operates anonymously. It boosts confidence when you trade with transparent companies. These are entities working with professionals. It is impossible to trade discreet individuals if things go south.
The venture claims to be trading forex, cryptocurrency, indices, commodities, and stocks. These products are volatile but still have a great opportunity to yield returns. However, it is crucial to do your research properly to avoid any disappointment. Don’t invest what you cannot afford to lose.
Meta-otc.com Review
Meta OTC withdrawal requirements are absurd. The venture charges clients high fees depending on the method of payment. Any broker that would take a 10% fee is unworthy of your time.
Investors should also be able to withdraw any amount they please. Settle with some of the leading crypto companies in the market. The safety of your money should be your top priority.
Meta OTC Trading Condition
Meta OTC offers a web trader interface. The software is inferior compared to popular platforms used by competitors. For instance, the best investment companies use the world-class MetaTrader platform. Sadly, offshore shady firms prefer web-based interfaces because it is easy to manipulate the market price.
A superior trading tool like MT4 or MT5 allows clients to trade automatically. It has advanced charting tools, an economic calendar, indicators, and programmable EAs. Customers can also set buy-stop limits and sell-stop limits.
Meta OTC offers spread ranging from 0.5 pips to 0.2 pips. It is a tight cap that can yield good returns. The leverage is 1:500 which is beyond what the financial body of the United Kingdom approves. Legit brokers in the UK can only provide a 1:30 leverage cap.
Withdrawal and Deposits
Meta OTC does not disclose the minimum deposit. Typically, genuine companies accept lower amounts from $10 to $250. Genuine companies must discuss the amount traders must deposit to start using their websites.
In this case, a shady firm will not set a standard amount. Instead, they will come up with different figures after analyzing your country of origin and occupation. The firm lists multiple payment methods such as PayPal, Neteller, Sofort, credit/debit, bank transfer, Trusly, Skrill, and e-wallet.
However, what offshore platforms advertise is completely different from what they present. Therefore, do not be surprised when you find out the venture only uses methods that limit customers from issuing chargebacks to retain the funds coming into their system.
Regulation Status of Meta OTC
Meta OTC claims it is operating in the United Kingdom. The country has strict rules, especially for investment companies. An entity must meet strict rules for it to acquire a license.
The Financial Conduct Authority (FCA) does not feature this broker’s name in its database. The body requires a company to meet huge capital requirements. It proves an entity can successfully run its business without defrauding traders.
Another requirement is for the broker to report daily transactional history to the financial watchdog. When a firm gets bankrupt and has a license investors stand a chance of getting compensation.
Sadly, with Meta OTC clients can lose more funds because there is no negative account balance protection. The platform is also working independently without segregating funds in top-tier banks.
The entity has no terms and conditions. In case of a dispute, the court of law cannot intervene. Once money is lost the authority cannot do much to protect investors. Refrain from venturing with offshore schemes.
Luckily, Comisión Nacional del Mercado de Valores (CNMV) has blacklisted the shady broker. Dealing with an exposed scam only poses a risk to investors. Look for better legitimate companies to earn you passive income.
Final Verdict
Meta OTC is a dirty Ponzi scheme the venture has unrealistic conditions. Investors can earn passive income by choosing genuine crypto brokers.
