Otet Markets Review 2025
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- cTrader
- MetaTrader5
- Marshall Islands and Comoros
Our Evaluation of Otet Markets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Otet Markets is a moderate-risk broker with the TU Overall Score of 5.82 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Otet Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Although Otet Markets provides attractive features like high leverage and a wide range of assets and platforms, their transaction fee structure is complex and may be disadvantageous for some traders.
Brief Look at Otet Markets
Otet Markets is a broker operating on STP and ECN models. It offers a wide range of trading instruments, including Forex pairs, CFDs on stocks, indices, commodities, and cryptocurrencies, through popular platforms like cTrader and MetaTrader 5. For over 10 years, Otet Markets has been serving retail traders worldwide interested in these instruments. The broker supports passive trading strategies like copy and algorithmic trading, provides 24/7 support through various communication channels, and offers a rewarding partnership program. Otet Markets is licensed by MISA (Comoros Islands) and registered in the Marshall Islands.
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- Excellent selection of trading instruments — over 800 CFDs are available.
- Trading is conducted on MetaTrader 5 and cTrader trading platforms.
- Wide variety of trading accounts, both with and without commissions.
- There are no restrictions on using EAs and copy trading.
- Very low spreads on professional accounts.
- Commission-free deposit of funds.
- 24/7 support for any questions on any day of the week.
- The minimum deposit ranges from $100 to $10,000 depending on the account type.
- Lack of analytics, fundamental data, education, and calculators for calculating commissions and profit on the broker's website.
- High spreads on accounts that use Straight Through Processing (STP) technology.
TU Expert Advice
Author, Financial Expert at Traders Union
Otet Markets offers trading services utilizing MetaTrader 5 and cTrader platforms, presenting an array of instruments encompassing Forex pairs and CFDs on stocks, indices, commodities, and cryptocurrencies. The broker provides various account types, catering to different trader levels from beginners to professionals. High leverage up to 1:3000 on certain accounts is available. Additionally, Otet Markets supports copy and algorithmic trading.
However, Otet Markets has limitations, such as complex fee structures and limited deposit/withdrawal methods constrained to cryptocurrencies. Regulatory oversight from the Marshall Islands and Comoros lacks Tier-1 protection, impacting perceived safety. These drawbacks suggest that while Otet Markets may be enticing for experienced traders seeking high leverage and diverse assets, less experienced traders may find the lack of comprehensive educational resources and cent accounts less accommodating.
Otet Markets Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 5, cTrader |
|---|---|
| 📊 Accounts: | Demo МТ5, Demo cTrader, Beginner МТ5, Classic МТ5, ECN МТ5, Premium МТ5, Huobi Crypto МТ5, Standard cTrader, Pro cTrader |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bitcoin and Tether cryptocurrency transactions. Underway: WebMoney, Perfect Money, Visa, MasterCard, online payments |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:3000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,2 pips |
| 🔧 Instruments: | Forex, metals, indices, energies, equities (U.S, EU), digital currencies |
| 💹 Margin Call / Stop Out: | 70%–100%/40%-50% depending on account type |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: | Leveraged cryptocurrency trading is not available |
| 🎁 Contests and bonuses: | Otet Plus (prop-bonus) |
The account types available at Otet Markets depend on the trading platform chosen by the trader. You can deposit as little as $25 into your account wallet, but the minimum deposit to activate MT5 accounts is $100, and for cTrader accounts, it's $200. When you open a trading account, the maximum leverage is 1:200, but you can request an increase up to 1:3000. This does not apply to Beginner and Crypto accounts: the leverage on Beginner accounts does not exceed 1:20, and margin trading is not available on Crypto accounts.
Otet Markets Key Parameters Evaluation
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Regulation and safety
Otet Markets has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
Otet Markets Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
| MISA (Mwali) | Mwali International Services Authority | The Comoros | No specific fund | Tier-3 |
Otet Markets Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Otet Markets have been analyzed and rated as Low with a fees score of 9/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Otet Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Otet Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Otet Markets Standard spreads
| Otet Markets | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,8 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,4 | 0,4 | 0,1 |
| GPB/USD max, pips | 2,1 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Otet Markets RAW/ECN spreads
| Otet Markets | Pepperstone | OANDA | |
| Commission ($ per lot) | 2,0 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,4 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Otet Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Otet Markets Non-Trading Fees
| Otet Markets | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Otet Markets offers a wide range of MT5 and cTrader accounts, including accounts with and without additional commissions and special accounts for cryptocurrency trading without spreads. Traders can have multiple account types and transfer funds between them. The desired account type can be opened in the user account after verification.
Account types:
You can open a demo account on any platform to test the trading conditions. The wide range of accounts is one of Otet Markets’ advantages over other brokers.
Deposit and withdrawal
Otet Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Otet Markets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Low minimum withdrawal requirement
- No deposit fee
- USDT (Tether) supported
- No withdrawal fee
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
What are Otet Markets deposit and withdrawal options?
Otet Markets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT.
Otet Markets Deposit and Withdrawal Methods vs Competitors
| Otet Markets | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Otet Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Otet Markets supports the following base account currencies:
What are Otet Markets's minimum deposit and withdrawal amounts?
The minimum deposit on Otet Markets is $25, while the minimum withdrawal amount is $25. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Otet Markets’s support team.
Markets and tradable assets
Otet Markets provides a standard range of trading assets in line with the market average. The platform includes 800 assets in total and 70 Forex currency pairs.
- 70 supported currency pairs
- Copy trading platform
- 800 assets for trading
- No ETFs
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Otet Markets with its competitors, making it easier for you to find the perfect fit.
| Otet Markets | Plus500 | Pepperstone | |
| Currency pairs | 70 | 60 | 90 |
| Total tradable assets | 800 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Otet Markets offers for beginner traders and investors who prefer not to engage in active trading.
| Otet Markets | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Support is available in English, Persian, and Arabic 24/7. Communication with company representatives in Hindi, Chinese, or Spanish is also possible, but each of these departments operates on a schedule listed in the user account.
Advantages
- 24/7 support is available
- Variety of communication channels
Disadvantages
- There is a delay in the live chat service
- Live chat and messengers can only be used to request help with technical issues
To contact Otet Markets, you can use:
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The chat feature on the website and user account.
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The company's email.
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The contact form.
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The phone numbers are listed on the website.
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The ticket system in the user account.
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WhatsApp.
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Telegram.
In the contact form, you can select the department your question is directed at and provide your mobile number for phone consultations.
Contacts
| Registration address | Otet Group Ltd, BP 724, Fomboni, L’île de Mwali (Mohéli), Autonomous Island of Mwali (Mohéli), Comoros Union |
|---|---|
| Regulation | Marshall Islands and Comoros |
| Official site | https://otetmarkets.com/ |
Education
Traders who do not know how to trade financial instruments will not be able to use the Otet Markets website for learning, as it lacks the necessary educational content. The definitions of basic terms are provided in the client agreement, but these are just brief explanations without examples or in-depth analysis.
While the company's website does not offer trading theory, Otet Markets' demo accounts can be used to develop practical trading skills, create personal strategies, and master technical analysis.
Comparison of Otet Markets with other Brokers
| Otet Markets | Eightcap | XM Group | RoboForex | Markets4you | IC Markets | |
| Trading platform |
cTrader, MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MobileTrading, MT5 | MT4, cTrader, MT5, TradingView |
| Min deposit | $100 | $100 | $5 | $10 | No | $200 |
| Leverage |
From 1:1 to 1:3000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:10 to 1:4000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 1.8 point | From 0 points | From 0.8 points | From 0 points | From 0.1 points | From 0 points |
| Level of margin call / stop out |
70% / 100% | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 20% | 100% / 50% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | Yes | No |
Detailed Review of Otet Markets
Otet Markets is committed to providing comfortable trading conditions for every client by offering a wide selection of trading accounts and platforms. Operating on STP and ECN models allows traders to choose their preferred execution technology. Otet Markets periodically adds new trading instruments and plans to expand the list of supported payment systems, enabling every client to use convenient services and invest in assets that interest them the most.
Otet Markets by the numbers:
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Over 10 years in operation.
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870+ financial instruments are available for trading.
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Leverage is up to 1:3000.
Otet Markets is a broker with a wide variety of financial instruments
Otet Markets offers 72 currency pairs, 13 indices, 164 American stocks, and 43 European stocks. Traders can also access three energy CFDs: UKOIL.c, USOIL.c, and WTI_OIL. Additionally, CFDs for four metals are available: gold and silver against USD or EUR, and platinum and palladium against USD. Otet Markets also offers a special account for trading a vast array of cryptocurrencies, currently including Bitcoin and 579 altcoins.
The specific Stop Out and Margin Call levels depend on the account type. For MT5 accounts, Stop Out levels are set at 45% for Beginner accounts and 50% for Classic, ECN, and Premium accounts. Margin Call levels are 70%, 80%, and 90% respectively. cTrader accounts have Stop Out/Margin Call levels of 40%/100% for Standard and 50%/100% for Pro. Margin trading is not available on Huobi Crypto accounts, so Stop Out and Margin Call do not apply.
Otet Markets analytical services:
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Two-factor authentication and phishing protection system.
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Holiday schedule for various financial markets.
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Rewards program for the most successful traders.
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24/7 support via messengers and online chat.
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Demo account for MetaTrader 5 and cTrader platforms.
Advantages:
Start trading with $100, with subsequent deposits as low as $25.
Active on social media, sharing useful information for traders and clients.
Floating spreads are suitable for most trading strategies.
Accounts can be secured with 2FA, requiring an access code for each login in addition to the standard password.
Regular rewards for top traders.
Otet Markets guarantees its clients data confidentiality, an innovative approach to service delivery, and high-speed order execution.
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