OT Capital Review 2024

When opening an account with OT Capital, I knew that trading on the Forex market is always risky, but the biggest risk was the company itself. At first, everything was fine and I earned some money. Although high spreads worried me, I made a good profit. When I decided to withdraw some money, problems began. First, I uploaded bank statements at their request, but the money didn’t arrive. Support said that they transferred the amount in two different payments. I checked, but there were no transfers from OT Capital. I contacted support again, but they insisted. Then they stopped responding. As I found out later, the company’s funds were frozen by the court decision.

I am a novice trader, so OT Capital provided me with a manager, who was supposed to teach me trading. At first, everything was fine, I even made money, though not much. I started with a small capital, as there was no demo account, and I didn’t want to risk too much. When I understood how to trade, I added another $500 to a $200 initial deposit. The manager advised me to open a trade without a stop loss. The market reversed and I started losing money. I wanted to close the orders, even at a loss, but the manager insisted that I should deposit more money to ensure the margin. I did so, but I lost almost everything.

OT Capital is a scam that promises mountains of gold, tricks you with favorable conditions, persuades you to fund your account, and then doesn’t withdraw your money. I started trading with $500 with leverage of 1:500, and I managed to double my initial deposit very quickly. So, I decided to withdraw my profit and continue trading with the same $500. I waited three days for the withdrawal, but with no result. I wrote to support, but they didn’t answer. Then I called them and they promised to solve the issue as quickly as possible. However, time passed and there was still no money. I started calling again, but no one answered the phone. They didn’t respond to my emails either. So I wasted a lot of time and lost not only my profit but also my own money.

Trading Forex with OT Capital has brought nothing but disappointment. For a long time, it tried to persuade me to open an account. They promised to reduce fees subject to the investment amount and to provide me with a personal manager. I funded my account with $5,000, and started trading currencies with spreads from 2 pips and leverage up to 1:500. Everything was bad from the very beginning. The manager insisted on opening dubious trades, and I constantly had to argue with him, which left a bad impression. He was more distracting than helpful. My first withdrawal of $200 was easy and quick. But the broker took the rest of the amount for itself. No matter what I did, I couldn’t withdraw another cent!

OT Capital are scammers who do not have the right to advise on financial markets and stock trading because the license provided on their website does not belong to them! Unfortunately, I learned about this too late and believed that they would help me earn from cryptocurrencies. As a result, I wasted a lot of time and lost my money. At first, everything was not bad, but then their advice resulted in trades closed with more losses than profits. I think that either they did everything so that I drained all my investments, or their consultants didn’t understand trading cryptocurrency. Eventually, I lost $700.

If I had read reviews of Ot сapital before dealing with it, my money and nerves would have been spared. I was unlucky to open an account there and lose a considerable amount. I was going to use that money to make additional income, since I knew Forex well. When I submitted my first withdrawal request, they told me that I needed to get verified again, because there was something wrong with their server and my documents were not saved. I uploaded everything again. More than a week passed, but no one checked the documents. Support responded unwillingly and said that my question would be transferred to the verification department. I still didn’t receive my money. Then I found out that Ot сapital’s accounts were frozen and the company was under liquidation by the court.

OT Capital is a scam that does everything to make a trader open an account and deposit money and then it does not return it. I lost more than $3,000, and the money I earned from trading currency. I wanted to make a withdrawal, but they told me that I needed to provide the missing information. I uploaded additional documents, including bank statements, and confirmed the registration address, but I never received my money. I wanted to file a complaint, but it turned out that OT Capital didn’t have a license. The representation that its activities were regulated by ASIC was a lie.