OLT Investment International [“OLT”], owned by EFG Hermes Group

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1

Hi,

Saxobank informed me that they close their MENA operations and recommend to move to OLT Investment International [“OLT”], owned by EFG Hermes Group. Does someone reviewed or has experience with this broker.

Thanks.

2

Hi there,

Thanks for your message. Saxo Bank is indeed adjusting its global operations and has stopped onboarding new clients from certain countries.

While we don’t currently have a detailed review of OLT Investment International, I’ve gathered some useful information.

OLT Investment International is a Bahrain-based investment firm that operates under a Category 1 license from the Central Bank of Bahrain, meaning it can legally engage in various investment-related activities. It is owned by EFG Hermes, a well-established financial services company. OLT Investment International provides services in investment management, financial consultancy, and more, with an authorized capital of over BD 1.3 million (Bahraini dinars). As a subsidiary of EFG Hermes, OLT is integrated into the broader operations of the EFG Hermes Group, known for its extensive experience in the MENA region.

Although Saxo Bank likely recommends reputable firms, if you’re considering alternatives, I recommend checking out this list of brokers for Bahrain citizens: https://brokerchooser.com/best-brokers/best-international-online-brokers-for-citizens-in-bahrain.

I hope this helps.

Best wishes,
Andris

3

Thanks very much, Andris.