META OTC Review – Everything Fake About This Firm

Managed portfolios in this firm are allegedly built by financial experts and target sustainable, long-term income. This is probably how every single textbook fraudster advertises their unlicensed services. After all, who wouldn’t like a stable income with minimum effort? 

Things work differently in reality, so better read this META OTC review if you don’t want to become another victim of these notorious swindlers.

New Fake Regulator in the Game

The fake Forex provider which goes by the name of META OTC broker claims to be operated and owned by a company called OTC LIMITED, allegedly located in the UK. Looking through the database of the regulatory body in charge of supervising brokers, FCA, we found only one similar company – OTCX Trading Limited. 

However, it’s clear that this entity is a regulated firm that has nothing to do with the first mentioned scammer. The official website of the licensed conduct is otcxtrading.com and not meta-otc.com. To support their claims, the con artists claim to be registered with a suspicious and entirely illicit regulator – Ifinma.

On the other hand, the fraudulent broker claims to be operating under the laws of Estonia, but is also blacklisted by the regulator in that country (FI) along with CNMV, FSMA, IOSCO, and AFM. This is proof enough about the firm being a scam, so better avoid them along with NOOBEX.

Who Are They Aiming to Entrap?

The website states that the firm has been ruling the online financial markets and putting clients first since 2016. However, it is apparent that the scheme has been operating since 2023 and is relatively new in the Forex world. Lack of META OTC reviews is another proof of their anonymity. 

The illicit business has been employing aggressive advertising strategy on clients from various countries, though, including but not limited to:

• Italy
• Mexico
• Chile
• Spain
• Greece

Most common tactics that quickly turn interested traders into financial hostages pertain to high passive income and unrealistic returns on investment. 

So if you get an unsolicited phone call or email from this firm, make sure to break off all contact and contact us for help with recovery if needed.

Fees are Only Hinted

Every piece of information provided by this firm about META OTC trading fees concerns promises about free service and lowest costs in the industry. That couldn’t be any further from the truth because the company is completely untransparent and dishonest about the whole subject. 

Therefore, fees could only be found as vaguely mentioned in the legal documents. For example, it is said that deposits and withdrawals are subject to processing and handling fees, but they remain unrevealed. Only the inactivity fee of 10% monthly is somewhat better defined.

When it comes to the trading parameters, leverage is said to be up to 1:500 and trading commission just 0.08% which attracts customers seeking for higher trading exposure.

What to Expect

Signing up for a new META OTC login is a quick and not an overly demanding process. Once that is complete, clients get access to the trader’s dashboard and software.

However, performing any other operation is halted until you confirm your identity. For an anonymous platform to ask for users to reveal their sensitive information is just outrageous.

Poorly Designed Trading Area

Attempting to trade on the rudimentary META OTC app is useless until you deposit. However, from the looks of the platform itself, you get a pretty clear idea that the whole deal is not worth your money. 

You see, the overly simplified software only leaves an impression of being intuitive and user-friendly. In actuality, it is so heavily devoid of any functionality and analytical tools. In essence, it doesn’t differ from a common, heavily manipulated webtrader that AGIMX scam uses.

40.000 Promised Assets

It’s obvious that the site is trying to impress potential future clients and unsuspecting victims by promising a lot. One of the elements of the lies is certainly the asset availability.

Out of everything that is supposed to be available, we only located several instruments for the following groups:

• Forex – EUR/USD, AUD/NZD, CAD/EUR
• Index – FTSE100, S&P500, JPN225
• Commodities – Coffee, Sugar, Wheat
• Shares – Alcoa, Coca-Cola, Boeing
• Crypto – BTC, ETH, LTC

Zero Account Variations

To urge their clients to deposit real cash immediately, these fraudsters have only enabled the default live trading account. Not even separate account types or packages exist. 

Demo account also isn’t available as you’re instantly required to deposit. The minimum deposit requirement or what features this one live account unlocks are not made public. 

Illusion of Education

There’s a whole separate section of the website that promotes seemingly rich learning materials. It appears all of it is locked behind the sign up page. 

Sadly, even after we created an account we weren’t presented with any learning options. It seems like this feature isn’t even there, it just exists as an advertisement to motivate clients to open an account.

Scammers Don’t Allow Withdrawals

Instantaneous and allegedly fully automated, the META OTC withdrawal should be the fastest form of payout we’ve seen yet. Whatever these miscreants advertise however is significantly different from reality. With hidden fees and trading volume requirements lurking behind every corner, don’t expect to be able to withdraw a single penny from your account.

Bank transfers and crypto payments are said to be the accepted funding methods, but we couldn’t verify these statements. Processing time is estimated to 10 days, which is just too suspiciously long for today’s age and technology.

Fake Contact Data

You can hardly get in touch with a company that claims their phone number to be “+4444444444”. Information like this is proof of a sloppy illicit firm that doesn’t care about their customers. You can try and contact them via email, but you’ll probably get no answer.

We Help Victims of Fraud!

If you’re still wondering something like: “Is META OTC legit?”, the answer is negative. With false registration information and multiple regulatory warnings issued against this business, it’s clear their intentions are not honest and fair. 

Therefore, contact our recovery specialists promptly and enjoy the best chargeback services there are. Our first consultation costs nothing!

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