✔️ Information reviewed and updated in September 2024 by Eduardo López
IS Otc-500 RELIABLE? OPINIONS
CONTENT
- 1 IS Otc-500 RELIABLE? OPINIONS
- 2 ℹ️ BROKER DATA:
- 3 📞 LIST OF PHONE NUMBERS:
- 4 💰 DEPOSITS AND ACCOUNTS:
- 5 🌐 WEBSITE – WEBSITE:
- 6 ⭐ REVIEW OF Otc-500:
- 7 💬 WHAT TO THINK ABOUT A COMPANY LIKE Otc-500?:
- 8 📣 LATEST UPDATES:
- 9 ✔️ START CLAIM PROCESS AGAINST Otc-500:
- 10 🚨 REPORT TO Otc-500:
- 11 ❓ FAQS – FREQUENTLY ASKED QUESTIONS:
In this post I will analyze Otc-500. Is it the cryptocurrency, forex, indices and stocks broker Otc-500 (with otc-500.com website) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.
I'll explain to you why Otc-500 It seems to me to be an UNSAFE AND NOT RELIABLE company. BE CAREFUL WITH THIS TYPE OF COMPANIES!
ℹ️ BROKER DATA:
I would like to emphasize two things: (1) the first is the regulation and (2) the second is the location of the company. Both are fundamental data to evaluate the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
| Information | About the company |
|---|---|
| ❓ Company type | cryptocurrency, forex, indices and stocks broker |
| (I.e. Company | Otc-500 Limited |
| 🕑 Website age | Its registration date was: March 5, 2024 (very recent) |
| 📄 Registration | Not mentioned |
| 🛡️ Regulapain | Not mentioned |
| ???? Address | Not mentioned |
| 🌐 Website | otc-500.com |
| Does not have | |
| ️ ️ Phone | Does not have |
| ???? Live Chat | No |
| 💳 Payment methods | Credit card, cryptocurrencies, Visa, Mastercard |
📞 LIST OF PHONE NUMBERS:
No contact phone number is provided in the company. The lack of means to communicate makes me nervous. This is not common.
💰 DEPOSITS AND ACCOUNTS:
Here is a small analysis of the types of plans/accounts that Otc-500 offers; They are divided into 3 plans/accounts. Here is a table with a little more information about minimum deposits by type of plan/account.
| TYPE OF plans/accounts | MINIMUM INITIAL DEPOSIT |
|---|---|
| Test | €250 |
| Silver | €5,000 |
| Gold | €10,000 |
🌐 WEBSITE – WEBSITE:
Below you will see the company's website and a small analysis about the website:
- Age of the website: the domain “otc-500.com” was registered on March 5, 2024. That is, it is a website that is not very old. 🚩
- The website states that it belongs to “Otc-500 Limited“But when I searched the company records, I didn't find anything, which makes me think it could be a non-existent company. 🚩
- As I told you, the company does not say anything about being regulated, which makes me assume that it is not regulated. 🚩
⭐ Otc-500 REVIEW:
After having carried out an analysis of the company, I have come to the following conclusions:
1) Here I see a notable lack of transparency: the company does not provide details about its location, which is essential to evaluate its legitimacy and security.
2) Here I see that there is no indication that the company is regulated, which suggests that it could be an unregulated entity.
3) I think the company has very little seniority or history. As I mentioned, I was able to check that the domain “otc-500.com” was registered on March 5, 2024. It is very recent.
4) The company reports a significant rate of return, a claim so impressive that it seems exaggerated and hardly credible.
5) The company has been reported by the following financial regulator(s): finma, Swiss Financial Market Supervisory Authority. It is a very unsafe company, be careful.
“Personally, I would not consider investing in such a company: it is not regulated. Mentions belonging to a company Otc-500 Limited Which apparently is a fake company. “I do not feel in a position to recommend a company with these qualities.”
💬 WHAT TO THINK ABOUT A COMPANY LIKE Otc-500?:
Based on the Otc-500 analysis, several critical points are highlighted that raise significant concerns. Firstly, the website has a notable lack of transparency by not providing details about its physical location, which is essential to assess its legitimacy and security. Furthermore, the domain “otc-500.com” was recently registered on March 5, 2024, suggesting that the company has a very limited history in the financial market.
Another major concern is the claim that the company belongs to “Otc-500 Limited”, as no records of this entity were found in company databases, which could indicate that the company may not legally exist. This lack of business verification is a significant red flag that should be taken into account when considering any type of financial interaction with them.
Furthermore, Otc-500 makes no mention of being regulated by any financial authority, suggesting that it operates without being subject to any official regulatory framework. This lack of regulation could expose investors to greater risks and lack of legal protection in the event of disputes or financial problems.
Finally, extremely high performance claims by Otc-500 may seem exaggerated and not credible, which is cause for additional caution. In addition, the company has been reported by financial regulators such as finma, the Swiss Financial Market Supervisory Authority, reinforcing concerns about its security and reliability.
In conclusion, due to the lack of transparency in ownership and location, the absence of regulation, the recent creation of the domain, and warnings from financial regulators, extreme caution is advised when considering any financial relationship with Otc-500.
📣 LATEST UPDATES:
1) Update July 2024: la finma, Swiss Financial Market Supervisory Authority, has denounced Otc-500.
✔️ START CLAIM PROCESS AGAINST Otc-500:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can rescue your capital.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT TO Otc-500:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
Otc-500 is an investment broker in cryptocurrencies, forex, indices and stocks.
In my assessment, definitely yes. I strongly believe that Otc-500 is a scam. This conclusion is supported by multiple problematic aspects of the company, including unfavorable reports and questionable business practices that have been pointed out by users and industry experts. I strongly recommend not entering into any business relationship with this entity due to the high risk involved.
If you have been the victim of a scam or lost money, it may be helpful to seek help from a capital recovery service.
In my experience, Otc-500 is not a company I would recommend. Questionable practices and lack of transparency can pose significant risk to investors. It is advisable to avoid any commercial relationship with this entity.
To find a reliable and safe company, I would recommend you check eThe ranking of the best brokers and also investigate the 3 best brokers of the month.
This broker will not get your money back. I know because I've lived it, don't fall into the trap, I know you'll thank me.
Hello Jordi, Otc-500 is a SCAM, we are receiving many complaints from investors, they do not return the money, they should never invest in a broker without REGULATION.
They create positive comments of their own to confuse investors and pose as a serious and legal company but everything is invented and if you mention our review they say that we are the competition and that is not true (we only do reviews of brokers).
When you request a withdrawal of capital or benefits, if they make excuses and force you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.
If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you
Greetings.