Otet Markets review and ratings

Established 2023
Location Marshall Islands Mwali
Regulation MISA
Offices Majuro, Fomboni, Limassol
Broker type STP | ECN
Leverage up to 1:3000
Deposit from 100 USD
Spreads low  low
Platforms Web MetaTrader 5 cTrader
Instruments Currencies Crypto Indices Metals Energies Stocks
Funding methods Credit Cards WebMoney Perfect Money Bitcoin Tether

Company information

Otet Markets group includes 2 related companies.

Otet Markets MH - located in the Marshall Islands, but not regulated by any government agency.
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.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

70+ Currency Pairs Based on major and minor world currencies.
500+ Crypto Pairs Based on many various 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.

Comprehensive review

Otet Markets is an offshore forex & CFD broker registered in both the Marshall Islands and the Comoros Union. The broker also has a presence in Cyprus, but it is not regulated there or in any other EU country.

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 1:3,000 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 a massive selection of more than 500 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 seven different account types, depending on the platform used.

For trading on MT5, the choices are:
– Beginner, with $100 minimum deposit, no commissions and normal spreads
– Classic, with $100 minimum deposit, no commissions and normal spreads
– ECN, with $200 minimum deposit, commission-based trading and lower spreads
– Premium, with $10,000 minimum deposit, commission-based trading and lower spreads
– Huobi Crypto, with $100 minimum deposit, commission-based trading and zero spreads

For trading on cTrader, the choices are:
– Standard, with $200 minimum deposit, no commissions and normal spreads
– Pro, with $500 minimum deposit, no commissions and lower spreads

The available leverage varies from 1:1 on the Huobi Crypto account, 1:20 on the Beginner account, and 1:3,000 for all other account types.

USD is the base currency for all of the trading accounts.

To fund a trading account, Otet Markets clients can use crypto in the form of Bitcoin (BTC) or the stablecoin Tether (USDT) over the Ethereum or Tron networks. 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 deposits, but there is a $15 minimum funding amount for each transfer. To open an account and start trading a minimum deposit of $100 is needed.

Finally, Otet Markets' customer support can be reached by calling its Cyprus office directly. The broker can also be reached via instant messaging on WhatsApp and Telegram, through live chat on the website, or via email. The broker promises that its support team is available 24/7, which is something we always appreciate.

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