Philippines
2023-10-23 15:02
IndustryThe investor claimed that Otet Group blocked the withdrawal request
Otet Group LTD is a forex broker registered in Cyprus. According to what we know, this broker is not regulated by any regulatory institution. WikiFX has labeled this broker “No License” and given this broker an alarmingly low score of 1.50/10.
An investor, who opted to remain anonymous, shared the distressing experience with Otet Group LTD with WikiFX. The investor revealed that he engaged in high-risk trading with the broker, managing to accrue over nine thousand dollars in profit. However, when the investor attempted to withdraw the funds, problems arose.
On Friday, October 6, the investor requested a withdrawal of $200 and intended to transfer the remaining funds to a Huobi crypto account offered by Otet Group LTD. However, the withdrawal request was not processed, even worse, Otet Group requested the investor to share their trading strategy.
The investor provided a portion of their trading strategy but was hesitant to disclose the entirety of it. After this, Otet Group LTD ceased communication and failed to respond to the investor's subsequent inquiries through email and support tickets. The only responses this investor received through online chat were automated templates.
Like 1
WikiFX2023
Brokers
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
The investor claimed that Otet Group blocked the withdrawal request
Philippines | 2023-10-23 15:02
Otet Group LTD is a forex broker registered in Cyprus. According to what we know, this broker is not regulated by any regulatory institution. WikiFX has labeled this broker “No License” and given this broker an alarmingly low score of 1.50/10.
An investor, who opted to remain anonymous, shared the distressing experience with Otet Group LTD with WikiFX. The investor revealed that he engaged in high-risk trading with the broker, managing to accrue over nine thousand dollars in profit. However, when the investor attempted to withdraw the funds, problems arose.
On Friday, October 6, the investor requested a withdrawal of $200 and intended to transfer the remaining funds to a Huobi crypto account offered by Otet Group LTD. However, the withdrawal request was not processed, even worse, Otet Group requested the investor to share their trading strategy.
The investor provided a portion of their trading strategy but was hesitant to disclose the entirety of it. After this, Otet Group LTD ceased communication and failed to respond to the investor's subsequent inquiries through email and support tickets. The only responses this investor received through online chat were automated templates.
Like 1
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.