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Otet Markets group includes 2 related companies.
Otet Markets LC - located in Saint Lucia, regulated by the Financial Services Regulatory Authority (FSRA).
Otet Markets MW - located in Mwali, regulated by the Mwali International Services Authority (MISA).
Otet Markets group accepts clients from all over the world, excluding USA, Canada, Turkey and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
| 70+ Currency Pairs | Based on major and minor world currencies. |
| 10+ Crypto Pairs | Based on various prominent coins and tokens. |
| 13 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 6 Metal CFDs | Based on Gold, Silver, Platinum, Palladium. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 200+ Stock CFDs | Based on shares of US and EU companies. |
Otet Markets is an offshore forex & CFD broker registered offshore in both Saint Lucia and Mwali in the Comoros Union. The broker has its physical headquarters in Montenegro in Europe and a technical support office in the UK, but it is not regulated there or anywhere else in the EU.
As an unregulated and offshore forex broker, it's important to stress that trading with Otet Markets comes with certain risks, including the possible loss of funds if the broker ever goes out of business. However, it's also worth noting that some traders find offshore forex brokers attractive because of the more flexible trading conditions they offer.
Among the things that Otet Markets and many other offshore brokers offer is ultra-high leverage (up to 1:1000 for Otet Markets), account funding with crypto, and a pretty simple and straightforward account registration and ID verification process.
One area where Otet Markets really stands out is the superb selection of trading instruments it offers. This includes more than 70 forex pairs, stocks from more than 200 companies listed in the US and Europe, major stock indices, popular commodities, as well as 13 crypto pairs.
All of the instruments offered by Otet Markets can be traded on either MetaTrader 5 (MT5) or cTrader, which are the two trading platforms Otet Markets offers. In addition, a proprietary mobile trading platform is also available from Otet Markets for Apple and Android mobile devices.
When signing up with Otet Markets, new clients are given the choice between five different account types, four for use with the MT5 platform and one for cTrader:
– No Swap account, for Muslim traders, with a $0 minimum deposit, spreads from 0.5 pips, and no commissions
– ECN account, with a $25 minimum deposit, spreads from 0.4 pips, and $5 commissions per side
– ECN+ account, with a $5,000 minimum deposit, spreads from 0.2 pips, and $4 commissions per side
– Stock account, for non-leveraged stock trading only, with a $500 minimum deposit, spreads from $0 and commissions from 0.2% per lot per side
– cTrader account, with a minimum deposit of $25, tight and floating spreads, and the lowest commissions available
For all trading accounts except the stock account, leverage can be set anywhere between 1:20 and 1:1000. USD is used as the base currency for all account types.
To fund a trading account, Otet Markets clients can use crypto in the form of Bitcoin (BTC), Tron (TRX), or the stablecoins Tether (USDT) and USD Coin (USDC). In terms of more traditional payment methods, Otet Markets also accepts Web Money, Perfect Money, as well as Visa and MasterCard credit & debit cards.
The broker does not charge any fees for processing crypto deposits and withdrawals, but a (pretty large) 4.9% fee is added for Visa and MasterCard deposits and a 3% fee is added for withdrawals. A $25 minimum funding amount applies to crypto deposits.
Finally, Otet Markets' customer support can be reached by calling its London office directly. The broker can also be reached via instant messaging on Telegram and a website-based live chat, or via email. Unfortunately, the broker has not disclosed anything about its support team's working hours, which makes us doubt that 24 hour support is available here.
The fact that I was able to open an ECN account with just 25$ really meant a lot to me. From what I saw, while comparing different brokers, the minimum deposit for this type of account usually starts at around $100.
I like that theiy offer both MT5 and cTrader. The spreads are really tight, espessially on the majors. Deposits and withdrawals can be processed via USDT (TRC20), which is quite convinient for me. Overall, not bad.
My withdrawal from Otet was surprisingly quick. No delays, no issues – just straight to my wallet. Thumbs up!
Professional and fast support that solved my problem in the shortest time. Many thanks for that.
