Review summary
OTSO Markets (Pty) Ltd, operating globally from South Africa, has been established for 5-10 years. The broker holds a Derivatives Trading License (EP) from the Financial Sector Conduct Authority (FSCA) in South Africa under regulation number 54190, providing a regulated framework for its operations. It also holds an Institutional Forex Execution (STP) license from ASIC in Australia under number 551283 through Abigail Funds Management Pty Ltd. OTSO's trading infrastructure is built on MetaTrader 4, with three server clusters identified, supporting an average execution speed of 165.4 milliseconds. The broker offers two primary account types: a Standard account with spreads from 1.2 pips and an ECN account with spreads from 0.7 pips. Both accounts feature floating spreads, allow scalping and automated trading (EAs), support a minimum trade size of 0.01 lots, and offer leverage up to 1:1000. The minimum deposit requirement is $100 USD. Deposit and withdrawal methods include USDT transactions and internet banking for multiple currencies (CNY, THB, VND), typically with immediate deposit processing and 1-2 business days for withdrawals after a 24-hour review period, all conducted with zero stated transaction fees. The broker's overall WikiFX score stands at 5.89. OTSO Markets presents as a regulated entity with a comprehensive trading offering suitable for various trader profiles. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-24)
FX6620564082
Hong Kong
The platform deducted my profits. Even after requesting my cooperation in filming a video of myself holding my ID card, they still haven't paid out the principal. More than a week has passed since I replied to their emails, and they still haven't processed the matter.
Exposure
11111111111
Hong Kong
The platform's spreads were initially around 26, which stabilized, but later fluctuated abnormally to 30-35 with extremely high slippage. I sent an email, but received no response and no one addressed the issue. The entire page was filled with slippage data. This is how a new platform treats people! I urge you to be cautious when opening an account with the platform.
Exposure
FX6536204002
Hong Kong
OTSO is a typical example of a platform that uses "illegal trading and high-frequency trading" as an excuse, but its essence is a gambling model under which client's profit means the platform's loss . They don't allow clients to withdraw without any reasonable explanation, and even communicate directly in internal group chats to prevent withdrawals. Look how shameless they are! Previously, OTSO also had a direct connection with a fraudulent platform called TSKFX—after users complained about being unable to withdraw from TSKFX, their accounts were forcibly migrated to the OTSO platform.
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FX1869791177
Hong Kong
It's a fraudulent platform that doesn't allow withdrawal after making a profit.
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11111111111
Hong Kong
Using fake market quotes, there is actual hidden manipulation
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