Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
10/10 · CriticalNo trading licence found with any regulator, and the NFA register holds no record of any firm called OTM despite the operation presenting a United States corporate identity while taking deposits.
Identity & transparency
9/10 · CriticalEntity names shift across OTM Capital LLC, OTM Ventures Inc and OTM Capital, and the Danish regulator confirmed the predecessor was not present at the address published on its own site.
Withdrawals & conduct
10/10 · CriticalFund integrity complaints across two independent venues describe one mechanism: withdrawals refused, then further payments demanded as tax, fees or credit repair before release.
Reputation
9/10 · CriticalUnresolved loss reports on a public forum and a broker directory over 2019 to 2021, with a regulator warning already attached to the immediate predecessor brand and no positive footprint anywhere.
Website claims
8/10 · CriticalGuaranteed returns of 100 per cent and 5 to 8 per cent monthly were promoted, and an Indonesian licence was claimed to clients, but we could not read the broker's own site directly so some claims stay untested by us.
Operational history
9/10 · CriticalAbout four years of trading that ended in collapse rather than an orderly wind down, followed by an abandoned website and a domain that has now been released.
Who they are
A quick desk file on the company behind the brand.
Key facts we established.
- Brand: OTM Trade, part of an OTM-branded family that also used the names OTM Capital, OTM Trust and OTM Preferred.
- Legal entity: OTM Capital LLC, a Connecticut limited liability company. The earlier brand traded as OTM Ventures Inc.
- Registered: 28 Wysteria Court, Torrington, Connecticut 06790, United States.
- Website: otmtrade.com. The domain no longer resolves and is no longer registered.
- Only licence: none. No trading licence was found with any regulator, and the firm is absent from the United States NFA register.
- Offers: forex, metals, indices and commodities on MetaTrader, sold largely through agents and messaging groups.
- Not accepted: no published restricted-country list survives. Marketing was aimed at China, Taiwan, Malaysia, Thailand, Vietnam and Indonesia.
- Age claim: the operation dates from about 2017 under the OTM Capital name and about 2019 under OTM Trade. It stopped functioning around 2021.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
No licence claims on record.
Why we reached this verdict
How the evidence adds up.
We reached this verdict on positive evidence of harm, not on the absence of a licence alone.
- No permission to take the money it took. We searched the NFA BASIC register for OTM on 27 August 2026 and got zero results. The register states plainly that a firm returning no result is one that is not and has not been registered with the CFTC. A business presenting a United States corporate identity while taking retail forex deposits has no lawful basis to do so without that registration.
- A regulator already named the predecessor. The Danish FSA warning of 1 December 2017 against OTM Capital confirmed the company was not registered in Denmark, held no authorisation, and was not located at the address published on its own website. A fake regulatory address is not an administrative slip.
- The rename does not clear that history. Independent posters on a Malaysian forum state that OTM Trade is a repackaging of OTM Capital, run by the same people through a series of empty shell companies. We found nothing showing the operations were separated, so the earlier record carries forward.
- Clients did not get their money back. The complaint record describes one mechanism repeatedly: trade, request a withdrawal, get refused, then get asked for more money first. Reported demands include ten per cent of the balance to correct bank details, a further sum to repair a credit score, and a tax of 86,536.32 RMB. A demand for extra payment before funds are released has no legitimate counterpart.
- It ended the way these schemes end. Reports describe deleted accounts, a closed trading platform and a dishonoured company cheque. The site then decayed to a hosting placeholder, a parking page and finally a bare error page, and the domain has now been dropped altogether.
- Coverage limits, stated plainly. The Connecticut company register could not be opened, so the incorporation details we report are unconfirmed, and the operation is not a young business whose age we had to estimate.
Note on operating history: the 8.4-year track record rests on company incorporation alone. No domain registration date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1A firm name search for OTM on the United States NFA BASIC register returned zero results. The register states that a firm returning no result is not and has not been registered with the CFTC.
StrongNFA BASIC registerE2The Danish Financial Supervisory Authority published a warning on 1 December 2017 against OTM Capital, the predecessor brand, confirming it was not a registered company in Denmark, held no authorisation, and was not residing at the Danish address given on its website.
Hard proofDanish Financial Supervisory AuthorityE3A public Malaysian forum thread running from December 2017 into 2020 in which multiple independent posters describe OTM Trade as a repackaging of the failed OTM Capital scheme, run by the same people through a succession of empty shell companies.
StrongLowyat.NET public forumE4In the same thread an investor in Vietnam reports about 1.5 million US dollars taken, a company cheque refused by the bank for lack of funds, client accounts deleted, and thirteen months without payment.
ModerateLowyat.NET public forumE5An archived copy of the predecessor site from February 2018 identifies the operator as OTM Ventures Inc trading as OTM Capital, and offers English, Simplified Chinese, Traditional Chinese, Korean, Thai and Vietnamese versions, matching the markets where client losses were later reported.
E6The archived history of otmtrade.com contains no working broker site at any point: an empty directory listing in 2020, a web hosting placeholder page in January 2021, a domain parking page in 2024 and a bare server error page by August 2025.
E7The domain otmtrade.com no longer resolves in DNS and the .com registry returns no record for it, showing the registration has lapsed and the name has been released.
ModerateVerisign .com registry lookupE8A third-party broker directory carries roughly fifteen client reports dated between 2019 and 2021 tied to this exact website and support address, describing refused withdrawals and demands for further payment as tax, fees or credit repair before funds would be released. Treated as a lead and corroboration only.
ModerateA third-party broker directoryE9No Trustpilot profile exists for otmtrade.com, so the operation left no mainstream consumer review footprint despite several years of active promotion.
WeakTrustpilot
The other side
The strongest case in this broker’s favour.
We looked hard for an innocent reading before settling on this verdict.
- Is there a real licensed OTM? Yes, and this matters. PT OTM Kapital Berjangka is a genuine Indonesian futures broker holding a Bappebti permit and exchange membership. But it is a different legal entity, at a Jakarta office, and nothing we found ties it to otmtrade.com or to OTM Capital LLC. We have therefore not credited its licence to this operation, and readers should not confuse the two.
- Could the complaints be planted by a competitor? Unlikely. They span two unrelated venues over roughly two years, are written by users with ordinary posting histories, and carry the kind of detail fabricators rarely bother with: named amounts, dates, a bounced cheque and a specific tax figure to two decimal places.
- Is a dead website simply a failed business? Sometimes, and a quiet wind-down would not be fraud. That is not this pattern. The site went dark while clients were still reporting blocked withdrawals, which is the shape of a collapse, not a retirement.
- Is the Danish warning really about this firm? It names otmcapital.com, not otmtrade.com, so we have not recorded it as a warning against this domain. We treat it as the immediate predecessor's history, which is how it is presented above.
- What genuinely counts in their favour: no regulator has published a warning naming otmtrade.com itself, and we could not read the broker's own site to see what it actually claimed, so some of the marketing claims described by users remain untested by us.
What would change this
What we would need to see to revise the verdict.
This verdict is falsifiable. Any of the following would force us to revisit it.
- An entry on the NFA register, or any other recognised regulator's register, showing OTM Capital LLC authorised to hold client money during the period it was trading.
- Documentary proof that PT OTM Kapital Berjangka and OTM Capital LLC are the same regulated group, and that client funds sat inside the licensed Indonesian entity.
- Evidence that clients who reported blocked withdrawals were in fact paid out in full, such as bank records or a settlement.
- Proof that OTM Trade was owned and operated separately from OTM Capital, with different owners, a different entity and no shared staff or infrastructure, which would detach the 2017 Danish warning from it.
- A credible showing that the forum and directory reports were fabricated, for example the same wording appearing under unrelated brands.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Frequently asked questions
Quick answers about this broker’s safety.
Is OTM Trade a scam?
Yes, on the evidence we found. It took deposits without any trading licence, clients report being refused withdrawals and then asked for extra payments, and the operation has since collapsed and abandoned its website.
Is OTM Trade regulated?
No. We found no trading licence with any regulator. A search of the United States NFA register, which covers firms authorised to take retail forex deposits in the US, returned no record of any firm called OTM.
Is the website otmtrade.com still online?
No. The domain no longer resolves, and the .com registry holds no record of it, meaning the registration lapsed and was released. Archived copies show the site decayed to a parking page and then a bare error page.
Can I still withdraw my money from OTM Trade?
Almost certainly not. Clients reported deleted accounts, a closed trading platform and a company cheque refused by the bank. There is no functioning company left to pay you.
Who was behind OTM Trade?
The contracting entity on record is OTM Capital LLC, a Connecticut company. The earlier brand traded as OTM Ventures Inc under the name OTM Capital. Forum posters describe the same group also using the names OTM Trust and OTM Preferred.
What is the connection between OTM Trade and OTM Capital?
Independent posters on a Malaysian forum describe OTM Trade as a repackaging of OTM Capital after the earlier scheme failed, run by the same people. OTM Capital was formally warned by the Danish financial regulator in December 2017.
Was OTM Trade a US-regulated broker because it had a Connecticut company?
No. Registering a company in a US state is not a financial licence. It says nothing about permission to hold client money, and this firm never appeared on the NFA register.
Is OTM Trade the same as the licensed Indonesian broker PT OTM Kapital Berjangka?
We found no evidence that they are the same. PT OTM Kapital Berjangka is a separate Indonesian company with a genuine Bappebti permit and a Jakarta address. Do not treat that licence as covering OTM Trade.
Why were clients asked to pay a tax or fee before withdrawing?
Because that demand is the scam itself. Reported charges included ten per cent of the balance to correct bank details and a tax of 86,536.32 RMB. A genuine broker deducts costs from your balance and never asks for new money to release it.
How old was OTM Trade?
The OTM brand appears from about 2017 as OTM Capital, and OTM Trade launched around 2019. It stopped functioning around 2021. We could not confirm the company incorporation details on the state register.
Are there reviews of OTM Trade anywhere?
There is no Trustpilot profile for the domain. The substantive record sits on a Malaysian discussion forum and on a third-party broker directory, both carrying client reports of blocked withdrawals between 2019 and 2021.
What should I check before depositing with any broker?
Open the regulator's own register yourself and confirm the exact company name and website match the site asking for your money. Check that the licence permits holding client funds, and treat any request for an upfront payment to release a withdrawal as fraud.
What we recommend
The practical takeaway from everything above.
Treat this name as dead and dangerous.
- Do not send money to anyone using the OTM Trade or OTM Capital name. The company no longer operates a website and the domain has been released, so any live site using the brand today is a fresh operation trading on the old name.
- Ignore anyone offering to recover your OTM losses for an upfront fee. Collapsed schemes attract recovery scams that target the same victims a second time.
- If you lost money, report it to the police and to the financial regulator where you live, and keep your deposit receipts, chat logs and account screenshots.
- If you were asked to pay a tax, a fee or a credit repair charge to release a withdrawal, say so explicitly in your report. That demand is the clearest evidence of fraud.
- Before depositing with any broker, check the regulator's own register yourself and confirm the company name and website match exactly.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 27, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.