Otet Markets Review

About Otet Markets

Otet Markets is operated by Otet Group LTD, incorporated in Saint Lucia with company registration number 2023-00595 (International Business Company). The firm’s website states that services are not offered to residents of Türkiye, Canada, and the United States, and that the official domain is otetmarkets.com. The website also states that Otet Group Ltd is registered as a U.S. Money Services Business with FinCEN (MSB Reg. No. 31000278731653). Terms FinCEN

The broker advertises trading in multiple asset classes including forex, metals, indices, energy, U.S. and EU stocks, and cryptocurrencies, available on MetaTrader 5 and cTrader across desktop, web, and mobile. Account types shown on the site include No Swap (Islamic), ECN, ECN+ and Stock, with minimum deposits from $25 (MT5) and $300 (Stock), published spreads “from” 0.5/0.4/0.2 pips (No Swap/ECN/ECN+) and commissions of $5 (ECN), $4 (ECN+), and “from 0.2% per lot” on Stock. The accounts page states base currency USD; the Client Agreement references USD or EUR. Max leverage is shown as up to 1:1000 (with notes that initial leverage may be 1:200 and increases can be requested), stocks at 1:10 and crypto at 1:2, with crypto trading noted as available via cTrader on weekends/holidays. Stop-out levels are listed at 50% (No Swap/ECN) and 45% (ECN+). Accounts Platforms

The funding page shows crypto deposits (USDT BEP20/TRC20/ERC20, USDC BEP20, DAI, BTC) with “0” internal deposit commission, and card deposits (Visa/Mastercard) with a 4.9% fee. For withdrawals, the page lists “0%” internal commission for wallets and specific network fees (TRC20 $2, ERC20 $4, BTC $6), while card withdrawals show a 3% fee with processing “within 72 hours.” The site banner also states “0% Deposit and Withdrawal Fees,” which is qualified on the funding page by the network/card charges above. Financial/Deposits & Withdrawals Official site

The website and legal pages reference a brokerage license in the Comoros (Mwali). The Mwali International Services Authority’s public register of authorised brokerage companies does not show “Otet Group Ltd” or a license entry under the number referenced on marketing materials; the authority states that its website is the only official list of licensed entities. In the event of any contradiction, regulator records take precedence. M.I.S.A. register Terms

Who it’s for

• Traders seeking MT5 and cTrader access across desktop, web and mobile, with multi‑asset CFDs (forex, metals, indices, energy, stocks, crypto) in one place. Platforms
• Users looking for small starting balances (from $25) and several account profiles, including an Islamic/No‑Swap option. Accounts
• Clients who prefer crypto funding/withdrawals with published network fees and card options with stated percentages. Financial

Pros and cons

Pros

• Multiple platforms (MT5 and cTrader) and asset classes, including listed pages for U.S./EU stocks and crypto. Platforms
• Published account lineup with minimum deposits from $25 and stated spreads/commissions; swap‑free (Islamic) account available. Accounts
• Detailed funding section with crypto networks and explicit card fees and withdrawal network charges. Financial

Cons

• Not listed among authorised brokerage companies on the M.I.S.A. public register, despite website references to a Mwali license. M.I.S.A. register
• Website states service is unavailable to residents of Türkiye, Canada, and the United States. Fraud warning
• Card deposits show a 4.9% fee and card withdrawals 3%; crypto withdrawals include specified network fees. Financial