Reported as a scam / unregulated
Why OTC 500 is on the register
OTC-500 claims to be a online trading broker, which has offices in the United Kingdom, the United States, and Switzerland, offering wide range of financial services, including Digital Currencies, Forex, Indices, Shares, Goods and more instruments in global markets. But it lacks crucial regulatory information, a company that offers financial services must give an address and have a license in the country where it is located. Upon investigation, we found that OTC-500 is not regulated by the United Kingdom Financial Conduct Authority (FCA), the National Futures Association (NFA) in the US and the Swiss Financial Market Supervisory Authority (FINMA). The truth is that OTC-500 is not regulated by any regulators. Letting it hold or control investors’money is unsafe, and the money can not be protected by any laws. OTC-500 is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.