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+54 11 5917 5747 [Buenos Aires]
+27 21 100 3880 [Cape Town]
James Street, Kingstown, , First Floor, First St Vincent Bank Ltd Building, , Saint Vincent and the Grenadines, India
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Thank you for your interest in OTC assets. We are glad to inform you that OTC (Over-The-Counter) assets are formed not within a formal exchange but on the basis of over-the-counter information sources. The distinctive feature of the OTC market lies in the principle that the OTC traders act as market makers and have the right to independently set the price of the assets.
The main difference lies in the fact that the liquidity providers do not participate in transactions with OTC assets, as the company executes the trade independently. That is, the participation of liquidity providers is not required for the opening and early closing of the trade. In OTC the trade is made at the moment of agreeing on the essential terms with the company. If you think that this instrument is too risky for you, then we suggest using cryptocurrencies on weekends and regular currency pairs on working days.
Please let us know if you have any further questions.
Best regards, Olymp Trade team.
Thank you for marking this as “Resolved”. We are glad that we have answered your question. We value your input and encourage you to let us know more details about your experience with us.
Best regards, Olymp Trade team.