OTC Forex Brokers

Over-the-Counter or OTC Forex Brokers among the Forex market deals are 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 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.

  • The advances of OTC providers are their usual bonuses for deposits along with more smooth quotes at volatile conditions, comparing to the STP or NDD brokers, which is a great advantage to various trading strategies.
  • The trading cost in OTC condition is a defined make-up –the spread, which is most commonly fixed and is a fantastic benefit to the traders performing long-term deals.
  • 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 on performance and necessity of high capitalization.

Among the OTC disadvantages are less transparency and regulation of this type of exchange, as trading itself 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. Otherwise, you will never know if you truly trade Stocks and other derivatives, or the broker just fakes its status, as unfortunately happening quite often among non-regulated providers.

Broker Detail
alpari review Alpari
Min. Deposit: 20 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: SVG FSC, IFSC
1
Alpari Review
GO Markets
Min. Deposit: 200 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, WebTrader
Regulation: ASIC, CySEC
2
GO Markets Review
FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC
3
FP Markets Review
xm.com_review XM
Min. Deposit: US$5
Max. Leverage: 1:30 to 1:888
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, IFSC
4
XM Review
BDSwiss Review BDSwiss review
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader
Regulation: ESMA, CySEC, FSC, NFA, FSA
5
BDSwiss review Review
Orbex Review Orbex
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, MFSC
Orbex Review
LiteForex logo LiteForex
Min. Deposit: 50 $
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: CySECCySEC, MIBS
LiteForex Review
ForexTime FXTM review FXTM
Min. Deposit: US$200
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5
Regulation: CySEC,FCA, FSCA
FXTM Review
OctaFX
Min. Deposit: 100 EUR
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT5, cTrader
Regulation: CySEC
OctaFX Review
ROinvesting logo ROinvesting
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, WebTrader
Regulation: CySEC
ROinvesting Review