Jefferies
Jefferies Financial Group89.0Regulated
United StatesEst. 1962FCA
2 licences
Is OTM Trade a scam?
Wikilix independent safety report
0%Scam riskScam risk is our overall estimate that this broker is unsafe, from 0% (safe) to 100% (almost certainly a scam). It blends the six risk areas below, weighted by how strong the evidence is. Higher means riskier.
Confirmed scamOur overall call, based on the evidence we could verify. From safest to worst: Appears legitimate, Insufficient evidence, High risk (unverified), Likely scam, Confirmed scam. A separate "Not a broker" verdict is used when it does not really offer trading.Confidence: HIGHHow sure we are of this verdict, based on how much solid, checkable evidence we found. Shown as Low, Medium or High.
1.5/5Safety rating 1.5 out of 5
The Wikilix safety rating, from 1 to 5 stars. It mirrors the scam risk (5 = safest, 1 = riskiest), so a higher risk percentage means fewer stars.Yes. OTM Trade was an unlicensed forex operation that collapsed on its clients, and its website otmtrade.com is now gone entirely. We found no trading licence anywhere. A search of the United States…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation10/10 · CriticalIs it overseen by a strict, well-known financial regulator? Offshore-only or missing licences score higher.Scored 0 (clean) to 10 (worst). This area is 10/10 (Critical).Identity & transparency9/10 · CriticalHow openly it shows who and where it is (legal entity, address, owners). Hidden details score higher.Scored 0 (clean) to 10 (worst). This area is 9/10 (Critical).Withdrawals & conduct10/10 · CriticalCredible reports of clients being unable to withdraw their money. More such reports score higher.Scored 0 (clean) to 10 (worst). This area is 10/10 (Critical).Reputation9/10 · CriticalWhat independent reviews, regulators and watchdogs say about it. A poor track record scores higher.Scored 0 (clean) to 10 (worst). This area is 9/10 (Critical).Website claims8/10 · CriticalWhether the site claims (awards, years active, licences) actually check out. False claims score higher.Scored 0 (clean) to 10 (worst). This area is 8/10 (Critical).Operational history9/10 · CriticalHow long and how consistently it has genuinely operated. Brand-new or murky history scores higher.Scored 0 (clean) to 10 (worst). This area is 9/10 (Critical).
Broker Summary
Summary of the broker
OTM Trade, also marketed under the Chinese name Aomei, was a retail forex and investment brand operated from the United States by OTM Capital LLC, a Connecticut limited liability company registered under number 0865107 at 28 Wysteria Court, Torrington, CT 06790. The brand promoted managed forex trading to investors in China, Indonesia, Malaysia and Taiwan through agent networks and a mobile application rather than through a conventional regulated brokerage.
Regulation. No forex trading licence can be confirmed for OTM Trade in any jurisdiction. The operator promoted itself as supervised by Indonesian commodity futures bodies, but that supervision could not be substantiated and matches the pattern of a firm quoting another company's registration. A United States limited liability company registration is not a licence to accept client deposits or to deal in foreign exchange, and it confers no client-money segregation, no capital requirement and no compensation scheme.
Corporate standing. The State of Connecticut business registry records OTM CAPITAL LLC with the status Forfeited, the result of a failure to file an annual report. The registry also shows the entity registered on 26 June 2006, well before the brand and its website appeared, which is consistent with an existing shell being reused rather than a business built for this purpose.
Offering and platforms. Nothing about account tiers, spreads, leverage, execution or funding channels can be documented: the brand's website no longer resolves, so there is no published trading condition, no account schedule and no deposit or withdrawal policy left to examine.
Who it suits. Nobody. The operating entity is administratively dead, the website is gone, no regulator supervises the business, and the promotional model was based on guaranteed returns and recruitment rather than on trading. Anyone still holding a balance should treat the funds as at risk and preserve transfer records, agent communications and account statements for a police or financial-crime report.
Regulatory Licenses
Compliance & oversight
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for OTM Trade. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Account Types
Trading account options
No Account Types
Account type information is not available for this broker yet.
Funding Methods
Deposit & withdrawal options
No Funding Methods
Funding method information is not available for this broker yet.
Social Presence
Digital community engagement
0 platform
No Social Media Presence
This broker doesn't have active social media accounts
Corporate Network
Enterprise structure & relationships
1 entities
OTM CAPITAL LLC
United States
dissolved
Registration
0865107
Established
2006-06-26
Company Registration
Legal entity checked against the official company registry
Legal entity
OTM Capital LLC
Registration number
0865107
Jurisdiction
United States
Incorporated
2018-04-16
Registry
Connecticut Secretary of the State
Registered address
28 Wysteria Court, Torrington, CT 06790, United States
From our latest investigation · Verified Aug 27, 2026
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