OTC Forex Brokers
- What are OTC Brokers?
- Best OTC Trading Brokers
- What Broker to use for OTC Stocks?
- Which broker trade OTC Stocks in extending hours?
- OTC Brokers List
What are OTC Brokers?
OTC Forex Brokers are Brokers operating Over-the-Counter and are among the most common trading service providers. The execution model means that deals are conducted via the counter while the broker acts as a market maker broker for bid and ask prices when the client requests the order. The trading is made between two parties without the supervision of exchange, while stocks are passed via a dealer network.
- Some instruments can be traded only by OTC models, alike Stocks are usually traded on OTC since the majority of trading brokers can’t get into the official exchange listing due to the Stocks requirements with high capitalization.
- The trading cost in OTC condition is a defined make-up –the spread, most commonly fixed spread (Also check the list of fixed spread forex brokers), depending on the instrument commission might be applicant (typically for Stocks trading).
- The advances of OTC providers are their usual bonuses for deposits along with more smooth quotes at volatile conditions, comparing to the STP brokers or NDD brokers, which is a great advantage to various trading strategies.
- Among the OTC disadvantages are less transparency and regulation of this type of exchange, since trading is decentralized and done through improvements in the electronic quotation provided by the OTC broker. However, in order to have reliable trading, the OTC Brokers should be sharply regulated by the industry authorities, as this is the only factor that controls brokerage at all times of its operation.
💰 Spread Fixed Spread typically from 1 pip or Variable Spread from 0.6 pip 📊 Commission No / Yes (Depending on instrument) 🔒 Rejection No 📈 Strategies No Restrictions
| 💰 Spread | Fixed Spread typically from 1 pip or Variable Spread from 0.6 pip |
| 📊 Commission | No / Yes (Depending on instrument) |
| 🔒 Rejection | No |
| 📈 Strategies | No Restrictions |
Best OTC Trading Brokers
We made a list of Best selected in category OTC Brokers consistent of only Regulated with good conditions and transparency.
- BDSwiss – Best Broker for Beginners 2022
- BlackBull Markets – Lowest Spread Forex Broker 2022
- FP Markets – Best Platforms Selection Broker 2022
- Pepperstone – Best MT4 Broker 2022
- HotForex – Best CFD Broker 2022
What Broker to use for OTC Stocks?
Firstly you should select the Best Forex Broker among the regulated ones depending on availability based on your residency, then see suitable trading conditions, availability of the instrument or platform you look for.
Which broker trade OTC Stocks in extending hours?
Yes, some Brokers offer trade Stocks OTC extended hours, check Fidelity for US Stock OTC Trading.
List of OTC Forex Platforms
These are the brokers offering OTC Forex Trading or OTC trading and are regulated Brokers:
| Broker | Detail | |
|---|---|---|
 BDSwiss
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App Regulation: CySEC, FSC, FSA |
1
|
 BlackBull Markets
|
Min. Deposit: 200 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: FMA, FSA |
2
|
 FP Markets
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: IRESS, MT4, MT5 Regulation: ASIC, CySEC |
3
|
 Pepperstone
|
Min. Deposit: 200 US$ Max. Leverage: 1:30 to 1:400 Trading Platforms: MT4, MT5, cTrader, TradingView Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN |
4
|
 HFM
|
Min. Deposit: 5 US$ Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, DFSA, FSCA, FSA |
5
|
 Axiory
|
Min. Deposit: 10 US$ Max. Leverage: 1:777 Trading Platforms: MT4, MT5, cTrader Regulation: FSC, FSC |
Axiory Review |
 Eightcap
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC, SCB |
Eightcap Review |
 HYCM
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: FCA, CySEC, DFSA, CIMA, FSC |
HYCM Review |
 Nadex
|
Min. Deposit: 0 US$ Max. Leverage: 1:40 Trading Platforms: Nadex Platfrom, NadexGO Regulation: CFTC |
Nadex Review |
 FxPro
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 | 1:200 Trading Platforms: MT4, MT5, cTrader, FxPro Edge Regulation: FCA, CySEC, SCB, FSCA |
FxPro Review |