OtetMarkets Review 2026: Regulation, Safety, Policy

Editorial review

Updated Oct 28, 2026

Broker Summary

What Wikilix has recorded about OtetMarkets: its history, the licences it holds, its trading conditions and its fees.

OtetMarkets Broker Overview

OtetMarkets is the trading brand of the Otet group, an offshore forex and CFD broker operating since 2023 that offers MetaTrader 5 and cTrader. Clients contract with Otet Group Ltd., a company registered in Saint Lucia, while the group's only licence, a brokerage licence from the Mwali International Services Authority in the Comoros held by Otet Group LTD, passed its end date of 14 June 2026 with no renewal confirmed. Most of its seven accounts open from 25 USD, every account lists leverage from 1:20 up to 1:1000, and the range covers around 72 forex pairs plus metals, indices, energies, cryptocurrencies and United States and European stocks. Residents and citizens of the United States, Canada and Türkiye are not accepted.

OtetMarkets Regulation and License

The licence on record is brokerage licence No. T2023304, issued on 14 June 2023 to Otet Group LTD, company number HY00523012, by the Mwali International Services Authority (MISA), the registrar of the autonomous Comoros island of Mwali, and the broker's site still names it. The register's verification page, read on 21 October 2026, lists the licence as Active with an end date of 14 June 2026 in a verification dated 12 May 2025; that date has passed and the page shows no later term, so no renewal has been confirmed. MISA is not a recognised financial supervisor, and the licence brings no capital requirements, no segregation of client money, no compensation scheme and no effective complaints route.

Is OtetMarkets Regulated?

No. OtetMarkets is not supervised by any mainstream financial regulator, and its only licence comes from an offshore registrar rather than a financial supervisor, with no term shown on the register after 14 June 2026. The Saint Lucia company registration is a corporate record, not a licence to provide investment services. WIKILIX classes the broker as offshore.

Otet Group Ltd. and Otet Group LTD

The broker's documents name two companies with almost the same name. Otet Group Ltd. is the brokerage company named in the terms and conditions, client agreement and privacy policy, and its registration is confirmed. Its GLEIF LEI record, 254900GDWDMGGGZPZH29, validated against the Saint Lucia Registry of Companies and Intellectual Property, shows it registered under number 2023-00595 on 27 November 2023. Its registered address is care of ACE Corporate Services Inc. at Rodney Court Building, Rodney Bay, Gros-Islet. The homepage links the same LEI under the caption 'Official Member of Economic Operators'; an LEI identifies a company and is not a licence or a form of supervision.

Otet Group LTD, company number HY00523012 in the Comoros (Mwali), is the company that holds the MISA licence. The site also gives a registered office address in Europe, in Bečići, Budva, Montenegro.

The website describes itself as the official English-language representative of the 'IB Master' service for Otet Group LTD, whose role is to connect traders with the Otet platform and provide client support, and says its marketing is managed by third parties not under the company's direct supervision. The Persian and Arabic versions it links, otetmarket.com and otetmarkets.net, say the same in their own languages, while the broker's fraud warning states that websites in Arabic or Persian referencing the Otet name are not owned by the company and are not authorised to provide brokerage services. All three versions send clients to the same account portal at otet.org.

Is OtetMarkets Safe?

Client protections are thin. The licence on record has no compensation scheme behind it and has passed its end date, and the structure spans Saint Lucia, the Comoros and Montenegro, with the website itself run as a partner service. The client agreement gives the company wide discretion: it may act as counterparty or as agent at its choice although the ECN account page calls Otet a no dealing desk provider, it is not obliged to disclose its fees, and it may void profits and reject withdrawals it attributes to trading abuse, including abusive hedging and copy trading. In the broker's favour, it names its companies, their registration numbers and its licence number, the Saint Lucia company that signs its client agreement is confirmed as registered, and it publishes its legal documents in full.

OtetMarkets Account Types

Seven accounts are published, all with leverage from 1:20 up to 1:1000. Six run on MetaTrader 5 and one on cTrader, and they differ mainly in entry cost, commission and swap treatment:

ECN Account: 25 USD minimum, 5 USD per lot.
No Swap Account: 25 USD, 5 USD per lot, labelled an Islamic account and swap-free for the first 14 nights of each position, after which standard swap may apply.
Festival Account: 25 USD, 7.5 USD per lot, swap-free for up to 14 nights, and presented as the gateway to the broker's campaigns and trading competitions, although the Otet Plus page calls that account the only one eligible for campaigns and incentive plans.
cTrader Account: 25 USD, the only cTrader account, with a commission described as minimal on the accounts page and as depending on the symbol on the cTrader page.
Social Trade Account: 100 USD, 4 USD per lot, for copying master traders with no subscription or performance fee.
Otet Plus Account: a variable minimum that the broker says is determined by its active plans, 7.5 USD per lot, and the account that carries the broker's capital bonuses.
ECN+ Account: 5,000 USD, a fixed 4 USD per lot.

OtetMarkets Spreads, Commissions and Fees

Spreads are variable, from 0 pips on the ECN+ and Social Trade accounts, 0.4 pips on ECN and Otet Plus and 0.5 pips on No Swap and Festival, and commission is charged per lot on every account. An account is charged 1 USD a month after 90 days without activity, one with no activity in the 30 days after opening may be blocked or deleted, and the client agreement says the company is not obliged to disclose its fees.

OtetMarkets Leverage

Every account lists leverage from 1:20 up to 1:1000 on forex, but the accounts page says a new account opens at 1:200 by default and is raised on request through a support ticket after a trading period. Stocks are capped at 1:10 and cryptocurrencies at 1:2, and the client agreement lets the company reduce leverage before weekends, market closures and high-impact events.

OtetMarkets Trading Platforms

MetaTrader 5 serves six of the seven accounts, with Windows and macOS downloads, iOS and Android apps and a browser terminal at mt5web.otetmarkets.com. cTrader serves only the cTrader Account, with Windows and macOS downloads, iOS and Android apps and a browser version at ct.otetmarkets.com, and it is the platform for weekend crypto trading, which the broker says MetaTrader 5 does not offer. The cTrader page lists cTrader Copy among its features, yet the same page and the Social Trade Account page say copy trading at Otet runs only on MetaTrader 5. There is no MetaTrader 4.

OtetMarkets Deposits and Withdrawals

Funding is by Visa and Mastercard in USD or EUR, Bitcoin, Tether on the BEP20, TRC20 and ERC20 networks and USDC on BEP20 and ERC20. There is no bank transfer, TetoPay and Skrill are listed as coming soon, and the homepage's promise of more than 20 methods, including e-wallets and local rial payments, is not matched by the eight channels on the funding pages. Crypto carries no deposit fee and no withdrawal fee from Otet, with the client paying a network fee from 1 USD on BEP20 to 6 USD on Bitcoin.

The broker's own pages disagree on cards. The deposit page charges 4.9 percent on card deposits and the withdrawal page 3 percent on card payouts within 72 hours, while the card payment terms state a 6.5 percent deposit fee and a 3,000 USD limit per card deposit, and say that withdrawals to cards are not permitted, only refunds to the original card at 3.7 percent plus 1 USD. Withdrawal times differ in the same way: the withdrawal page gives an average of 3 hours and 24 hours at most for crypto, while the client agreement says requests are processed on business days in 24 to 72 hours, after a compliance and risk review.

The wallet can be funded from 5 USD, a trading account needs 25 USD, and withdrawals are capped at 10,000 USD a day. Withdrawals return by the deposit method in proportion, bonus credit is removed when a withdrawal is requested, and the funding pages restrict all methods for residents of the United States, Iran and Canada and cards in Turkey.

OtetMarkets Support

The broker advertises 24/7 online support through a chat window labelled 'Otet Support Live AI', which offers English, Pashto, Urdu, Persian and Arabic and does not say when a person rather than the AI answers. It also lists a United Kingdom support line, a Montenegro number, a Telegram support bot and separate e-mail addresses for support, sales, partnerships and verification, with an average response time of under an hour. Complaints go by e-mail or through the ticket system in the client area, within 3 working days of a trading issue or 5 of a non-trading one.

OtetMarkets Pros and Cons

The strengths are a 25 USD entry on most accounts, a choice of MetaTrader 5 or cTrader with a browser version of each, a swap-free option for positions held up to 14 nights, crypto funding with no fee from the broker, openly named companies and licence number, and a confirmed registration for the Saint Lucia company clients contract with.

The limitations are a single offshore licence past its end date with no compensation scheme, leverage up to 1:1000, card fees and card withdrawal rules that conflict between the broker's own pages, withdrawal times that run from about 3 hours to 72 hours depending on the page, no bank transfer, and contract terms that let the company void profits and reject withdrawals it attributes to trading abuse.

OtetMarkets Review and Assessment

OtetMarkets pairs low entry costs and a choice of MetaTrader 5 or cTrader with an offshore structure that gives clients little to fall back on: a registered Saint Lucia company but no licence confirmed as current, no compensation scheme, and a client agreement that leaves withdrawals and profits largely to the company's discretion. The most important step before funding an account is to read the client agreement and the card payment terms, which set higher card fees, stricter card rules and longer withdrawal times than the broker's marketing pages.

Spread check

Updated Oct 29, 2026

OtetMarkets live spreads

OtetMarkets's typical spread on EURUSD is 0.58 pips, measured on a real trading account. We read every price the broker sends and weight each spread by how long it actually held — across 10 instruments and 67.8M quotes so far.

Measured continuously

EURUSD typical spread0.58pipsmeasured as EURUSD.ecn

UsualThe median. Half the time the spread was tighter than this, half the time wider.: 0.57 pips
Bad momentsThe 95th percentile. One reading in twenty was worse than this — the moments that cost you.: 0.76 pips
Best seenThe tightest spread recorded on this instrument.: 0.10 pips
Worst seenThe widest spread recorded, usually at the daily rollover or around news.: 18.0 pips

Spread over time

Tap an instrument to add it to the chart. Hover the lines for the exact reading at that moment.

pips

Above 1.50 pips the scale compresses, so one rollover window does not flatten the rest. The widest reading in view is 6.96 pips.

Every instrument we measure at OtetMarkets. Spreads in pips, except gold, which is quoted in points.
Instrument	TypicalThe average spread, weighted by how long each one actually held rather than by how many quotes were sent. Read every 10 minutes.	UsualThe median: half the readings were tighter than this, half were wider.	Bad momentsThe 95th percentile — one reading in twenty was worse than this.	BestThe tightest reading recorded.	WorstThe widest reading recorded. Spreads usually widen at the daily rollover and around news.	QuotesHow many individual price updates from the broker these figures are built from. A bigger number means a steadier measurement.
EURUSDEURUSD.ecn	0.58 pips	0.57	0.76The 95th percentile — one reading in twenty was worse than this. Widest at Oct 26, 21:00 UTC.	0.10Tightest at Oct 1, 21:40 UTC.	18.0Widest at Oct 26, 21:00 UTC.	5.7MFrom 7780 ten-minute windows that passed the completeness check.
GBPUSDGBPUSD.ecn	1.08 pips	1.00	1.55The 95th percentile — one reading in twenty was worse than this. Widest at Sep 10, 21:30 UTC.	0.10Tightest at Sep 24, 22:00 UTC.	19.9Widest at Sep 10, 21:30 UTC.	7.6MFrom 7783 ten-minute windows that passed the completeness check.
USDJPYUSDJPY.ecn	0.94 pips	0.88	1.34The 95th percentile — one reading in twenty was worse than this. Widest at Sep 16, 21:00 UTC.	0.10Tightest at Sep 29, 23:10 UTC.	17.2Widest at Sep 16, 21:00 UTC.	6.9MFrom 7789 ten-minute windows that passed the completeness check.
USDCHFUSDCHF.ecn	1.26 pips	1.27	1.61The 95th percentile — one reading in twenty was worse than this. Widest at Oct 22, 21:00 UTC.	0.60Tightest at Sep 18, 16:00 UTC.	28.5Widest at Oct 22, 21:00 UTC.	3.5MFrom 7787 ten-minute windows that passed the completeness check.
USDCADUSDCAD.ecn	1.07 pips	1.06	1.33The 95th percentile — one reading in twenty was worse than this. Widest at Sep 7, 21:10 UTC.	0.10Tightest at Oct 4, 12:50 UTC.	15.8Widest at Sep 7, 21:10 UTC.	4.2MFrom 7773 ten-minute windows that passed the completeness check.
AUDUSDAUDUSD.ecn	0.75 pips	0.73	0.94The 95th percentile — one reading in twenty was worse than this. Widest at Sep 27, 21:30 UTC.	0.10Tightest at Sep 15, 17:30 UTC.	16.7Widest at Sep 27, 21:30 UTC.	4MFrom 7781 ten-minute windows that passed the completeness check.
NZDUSDNZDUSD.ecn	1.09 pips	1.07	1.48The 95th percentile — one reading in twenty was worse than this. Widest at Sep 2, 21:00 UTC.	0.60Tightest at Sep 10, 14:30 UTC.	21.7Widest at Sep 2, 21:00 UTC.	3.6MFrom 7776 ten-minute windows that passed the completeness check.
EURGBPEURGBP.ecn	1.09 pips	1.05	1.26The 95th percentile — one reading in twenty was worse than this. Widest at Sep 13, 21:10 UTC.	0.60Tightest at Sep 17, 07:40 UTC.	15.1Widest at Sep 13, 21:10 UTC.	5MFrom 7774 ten-minute windows that passed the completeness check.
EURJPYEURJPY.ecn	1.41 pips	1.32	1.78The 95th percentile — one reading in twenty was worse than this. Widest at Oct 4, 21:30 UTC.	0.40Tightest at Sep 18, 14:40 UTC.	30.8Widest at Oct 4, 21:30 UTC.	8.7MFrom 7763 ten-minute windows that passed the completeness check.
XAUUSDXAUUSD.ecn	22.2 points	22.2	22.3The 95th percentile — one reading in twenty was worse than this. Widest at Sep 13, 22:00 UTC.	13.0Tightest at Oct 15, 20:20 UTC.	129.0Widest at Sep 13, 22:00 UTC.	18.6MFrom 7367 ten-minute windows that passed the completeness check.

Show all 10 instrumentsShow fewer

Website archive

Captured Oct 23, 2026

Website snapshots

8 full-page captures of OtetMarkets's own site, archived so what they said can still be read after the pages change.

8 pages

Homepage

Regulation & Licensing

Legal Documents & Terms

Account Types

Deposits & Withdrawals

About Otet

Bonuses & Promotions

Regulation check

Checked Oct 23, 2026

Regulatory Licenses

Every licence on record has expired or been closed on its register. We hold no evidence that OtetMarkets is regulated today.

1 of 1 checked

Licences on record: 1
Confirmed on register: 0
Tier 1 or 2: 0
Offshore: 0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Moroni International Services Authority T2023304

Wikilix read the MISA register on Oct 23, 2026. This is what it said.

Jurisdiction: ComorosOffshore
Authority strength: Tier 4
Register status: MISA listed it as Active from 14 Jun 2023, with otetmarkets.com as the licensed website, in register copies of Feb and Apr 2025. The most recent dated verification on record, of 12 May 2025,
Effective: Jun 14, 2023
Expires: Jun 14, 2026
Shown on the OtetMarkets website: Shown

Not found on register

Checked Oct 23, 2026

What our check found

An offshore brokerage licence from the registrar of the autonomous island of Mwali (Moheli), Comoros, held by Otet Group LTD (company no. HY00523012). MISA is not a recognised financial supervisor and has no capital, segregation or compensation regime. Client protection: Near zero: no investor compensation and no meaningful supervision. Effective: 14 Jun 2023.

Client protection under this licence

No compensation scheme
Negative balance protection
No complaints route
Maximum leverage1:997

These are the rules MISA sets for the firms it licenses. They are not a statement about how OtetMarkets applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Open the MISA licence record About MISA

Trading accounts

Updated Oct 23, 2026

Account Types

7 account types on record. Minimum deposit from USD 25. Leverage up to 1:1000.

7 account types

Account	Min Deposit	Max Leverage	Commission
ECN AccountECN	USD 25	1:1000	5 USD per lot
ECN+ AccountECN+ · ECN	USD 5,000	1:1000	4 USD per lot
No Swap AccountSwap-Free	USD 25	1:1000	5 USD per lot
Otet Plus AccountStandard	Not recorded	1:1000	7.5 USD per lot
Festival AccountStandard	USD 25	1:1000	7.5 USD per lot
Social Trade AccountSocial · Copy & Managed	USD 100	1:1000	4 USD per lot
cTrader AccountPro ECN · ECN	USD 25	1:1000	Minimal on the account page; depends on the trading symbol on the cTrader platform page

Client acceptance

Country availability

Where OtetMarkets says it will and won't take clients

10 countries

Confirmed blocked

Named in the broker's own terms

USUnited StatesCACanadaTRTürkiye

Likely blocked

Reported, not verified against a primary source

IRIran

Covered by a parent block

Territories a blocked country carries with it

PRPuerto RicoGUGuamVIVirgin Islands (U.S.)MPNorthern Mariana IslandsASAmerican SamoaUMUnited States Minor Outlying Islands

How we know — 15 sources

1United States, Canada and Türkiye are refused outright, re-confirmed on 2026-10-23. The Client Agreement, clause 2.11, requires the customer to certify “that they are neither a resident nor a citizen of the United States of America, Canada, or Türkiye” (https://otetmarkets.com/wp-content/uploads/2026/08/Otet-2026.08.03-Ltd-Client-Agreement.pdf, linked from https://otetmarkets.com/terms-and-conditions/).
2The same three countries are named in the site-wide footer risk disclaimer: “the company's services are not available to citizens of Türkiye, Canada, and the United States”, followed by “Please note that Otet Group Ltd does not provide any services to US citizens” (https://otetmarkets.com/). The Persian and Arabic language versions repeat the same three countries in their own footers (https://otetmarket.com/, https://otetmarkets.net/). Iran is named in none of the three disclaimers.
3Puerto Rico, Guam, the United States Virgin Islands, the Northern Mariana Islands, American Samoa and the United States Minor Outlying Islands are recorded as dependent territories of the named United States block. None is itself named on any page read; they follow from the Client Agreement's certification against United States residence and citizenship.
4The signup form enforces none of these restrictions, and on 2026-10-23 its own configuration showed it. The registration page that every language version links to (https://otet.org/register, also reached from https://my.otetmarkets.com/register) loads a registration blocklist from https://otet.org/api/auth/registration/countries and removes every listed country from its pickers; the endpoint returned an empty list under its “blocked” key. The “Nationality” and “Country of residence” pickers therefore offer all 249 entries of the form's country table, with the United States, Canada, Turkey, Iran and the United States territories all selectable.
5The form and the published documents therefore disagree about the United States, Canada and Türkiye. The disagreement is recorded rather than settled in the form's favour: an empty blocklist over a complete country table is the absence of a filter, not a list of accepted countries, and a signup form is not acceptance where the broker's own agreement and disclaimer exclude the country. The three remain refused under the Client Agreement and the footer disclaimer, and the form adds nothing to the accepted list.
6The block on Iran is likely but not confirmed. The main site's deposit and withdrawal pages carry a “Restricted Countries” panel, under the heading “Deposit Methods in Your Country of Residence”, that names Iran against “All Deposit Methods” together with the United States and Canada, and Turkey against “Bank Cards Only” on the deposit page and “Card payouts only” on the withdrawal page (https://otetmarkets.com/deposit/, https://otetmarkets.com/withdrawal/). No onboarding text names Iran: the Client Agreement and the footer disclaimer do not, and the signup form offers it. A refusal to open an account for a resident of Iran is therefore inferred from that funding restriction rather than read.
7The Persian-language version, which the main site declares as its Persian alternate, contradicts that panel on the same pages that repeat it. Its title reads “online forex broker for Iranians”, and its deposit and withdrawal pages list rial (toman) payments through the banking network and state that rial deposits and withdrawals are available to Iranian users through TopChange and Coinland, while naming Iran against all deposit methods in the same panel (https://otetmarket.com/, https://otetmarket.com/deposit/, https://otetmarket.com/withdrawal/). The broker's own Fraud Warning states that “any websites in Arabic or Persian referencing the name Otet are NOT owned by us and are operated by third parties for marketing and promotional purposes” and that “These third parties are NOT authorized to provide brokerage services” (https://otetmarkets.com/wp-content/uploads/2026/08/Otet-2026.08.03-Fraud-Warning.pdf). The Persian pages are weighed accordingly: they neither confirm the main site's Iran restriction nor lift it.
8The Visa and Mastercard Payment Terms and Conditions names a wider set of countries, but for the card gateway only. Its section 4, “Prohibited Uses”, begins “Users are prohibited from using payment services for:” and lists “Transactions originating from sanctioned or high-risk countries, including: Iran, North Korea, Syria, Sudan, Yemen, Cuba, Russia, Belarus, Afghanistan, Central African Republic, Congo, Somalia, Lebanon, Venezuela, Iraq” and “Providing services to users residing in countries subject to regulatory restrictions, such as: United States, Canada (except in specific cases), European Union, United Kingdom, Australia, New Zealand, Japan” (https://otetmarkets.com/wp-content/uploads/2026/08/Otet-2026.08.03-Visa-and-Mastercard-Payment-Terms-and-Conditions.pdf). The deposit and withdrawal pages confirm that scope: “Banking services (Visa and Mastercard) are not available in Iran, Turkey, the United States, Canada, and (...); please refer to the banking gateway terms and conditions for more details”, while the same pages show cryptocurrency deposits as active and restrict only four countries across all deposit methods.
9A restriction stated for the card gateway is not a restriction on opening an account, so from 2026-10-23 North Korea, Syria, Sudan, Yemen, Cuba, Russia, Belarus, Afghanistan, the Central African Republic, Somalia, Lebanon, Venezuela, Iraq, the United Kingdom, Australia, New Zealand and Japan are written to no list. Only this card document names them; no other page on the broker's sites does. A resident of one of these countries may be refused card deposits and card refunds; nothing the broker publishes restricts their account opening.
10“Congo” and “European Union” in the same card document are written to no list either: the document does not say which Congo it means, the European Union is a region named as one example in a card-payment list, and neither is restricted anywhere else on the broker's pages.
11No country is listed as accepted. Nothing read states that any country is explicitly accepted: the signup form offers every country and blocks none, which is the absence of a filter rather than acceptance, and absence of a block is not acceptance.
12All thirteen documents in the legal library at https://otetmarkets.com/terms-and-conditions/ (file set dated 2026-08-03) were read on 2026-10-23, and only the Client Agreement and the Visa and Mastercard Payment Terms name a restricted country. The AML and KYC Policy names none. It applies enhanced due diligence to clients “coming from or based in a high-risk third country”, a category with no members named, and screens clients against sanctions lists. The Terms and Conditions say only that “There are legal requirements in various countries which may restrict the information which we are lawfully permitted to provide to you”. The IB Partnership Agreement requires the partner to follow “the law's requirements of the country of their registration or residency” and names no restricted jurisdiction. The Terms and Definitions, Risk Disclosure Statement, Privacy Policy, Bonus Terms, Copy Trading terms, Fraud Warning, Conflicts of Interest Policy and Cookie Policy name no restricted country.
13The site publishes no dedicated countries page: /restricted-countries, /prohibited-countries, /accepted-countries, /where-we-operate, /countries and /restricted-jurisdictions return the site's own Page Not Found with and without an /en/ prefix, as do /faq, /help, /support and /legal; https://help.otetmarkets.com/ redirects to https://otetmarkets.com/help/, which is not found either; and the site's own search returns no result list for restricted countries, restricted, countries, Iran, residents or citizens. The partner page (https://otetmarkets.com/ib/) names no country.
14Three language versions are declared by hreflang on each of them: English on otetmarkets.com, Persian on otetmarket.com and Arabic on otetmarkets.net. Each footer presents its site as the official representative, in its language, of the “IB Master” service for Otet Group LTD, with marketing managed independently by third parties. The Persian version's terms link redirects to the English legal library and every version sends sign-ups to the same registration form, so there is one document set and one onboarding flow. The Persian and Arabic deposit panels name the same four countries as the English one, and neither version names any other restricted country.
15This section is based on the broker's own pages, not on the operating company's regulator filings. A filing lists permitted rather than blocked jurisdictions, so it could not confirm a block in any case.

Deposits & withdrawals

Funding Methods

7 ways to fund an account. 6 with no deposit fee. The costliest way in is Visa / Mastercard at 4.9%.

7 methods

Method	Deposit fee	Withdrawal fee	Min deposit	Withdrawal min / max	Processing
Bitcoin (BTC)Cryptocurrency Bitcoin network. Deposit and withdrawal tables (https://otetmarkets.com/deposit/ and https://otetmarkets.com/withdrawal/): processing 'Fast and automatic' in both directions; deposit fee 'None'; withdrawal fee 'Zero' plus a $6 network fee. The withdrawal fee field holds that $6 because it is what the client pays on each withdrawal; it is the blockchain network fee, and the withdrawal page states that Otet's own withdrawal fee is zero. Times: the withdrawal page gives an average of 3 hours and a maximum of 24 hours for withdrawals from the Otet wallet, and its article says crypto withdrawals typically arrive within 2 to 4 hours; Client Agreement clause 5.3 (https://otetmarkets.com/terms-and-conditions/) says withdrawal requests are processed on business days and may take 24 to 72 hours once KYC is complete, and clause 24.3 puts every withdrawal through a compliance and risk review first. The 72 hours stored is the longest of these and is the broker's time to process the request, not the time the coins take to arrive. Withdrawal confirmations on Saturdays, Sundays and public holidays move to the next business day. Limits: $5 minimum deposit to fund the wallet ($25 to open a trading account), $5 minimum withdrawal, $10,000 maximum withdrawal per day (larger amounts by arrangement with support); Client Agreement clause 21.2 allows enhanced review of $10,000 or more within any 30 days. A SegWit address is recommended for deposits as it usually carries lower fees. Deposits need no KYC (deposit page FAQ) but must come from a wallet in the account holder's name, otherwise they are returned less network fees; withdrawals need approved KYC and go only to the holder's own wallet. Client Agreement clause 5.6.2 requires withdrawal by the deposit method, in proportion, and the Visa and Mastercard terms say an account first funded in crypto may withdraw only by crypto or digital wallet. Client Agreement clause 5.14 puts all transfer charges at the client's expense. Not available to residents of the United States, Iran or Canada, which both funding pages restrict for all deposit methods.	Free	USD 6	USD 5	USD 5USD 10,000	Up to 72 hours
Tether (Ethereum Network)Cryptocurrency ERC20 network. Deposit and withdrawal tables (https://otetmarkets.com/deposit/ and https://otetmarkets.com/withdrawal/): processing 'Fast and automatic' in both directions; deposit fee 'None'; withdrawal fee 'Zero' plus a $4 network fee. The withdrawal fee field holds that $4 because it is what the client pays on each withdrawal; it is the blockchain network fee, and the withdrawal page states that Otet's own withdrawal fee is zero. Times: the withdrawal page gives an average of 3 hours and a maximum of 24 hours for withdrawals from the Otet wallet, and its article says crypto withdrawals typically arrive within 2 to 4 hours; Client Agreement clause 5.3 (https://otetmarkets.com/terms-and-conditions/) says withdrawal requests are processed on business days and may take 24 to 72 hours once KYC is complete, and clause 24.3 puts every withdrawal through a compliance and risk review first. The 72 hours stored is the longest of these and is the broker's time to process the request, not the time the coins take to arrive. Withdrawal confirmations on Saturdays, Sundays and public holidays move to the next business day. Limits: $5 minimum deposit to fund the wallet ($25 to open a trading account), $5 minimum withdrawal, $10,000 maximum withdrawal per day (larger amounts by arrangement with support); Client Agreement clause 21.2 allows enhanced review of $10,000 or more within any 30 days. Deposits need no KYC (deposit page FAQ) but must come from a wallet in the account holder's name, otherwise they are returned less network fees; withdrawals need approved KYC and go only to the holder's own wallet. Client Agreement clause 5.6.2 requires withdrawal by the deposit method, in proportion, and the Visa and Mastercard terms say an account first funded in crypto may withdraw only by crypto or digital wallet. Client Agreement clause 5.14 puts all transfer charges at the client's expense. Not available to residents of the United States, Iran or Canada, which both funding pages restrict for all deposit methods.	Free	USD 4	USD 5	USD 5USD 10,000	Up to 72 hours
Tether (Smart Chain Network)Cryptocurrency1	Free	USD 1	USD 5	USD 5USD 10,000	Up to 72 hours
Tether (Tron Network)Cryptocurrency TRC20 network. Deposit and withdrawal tables (https://otetmarkets.com/deposit/ and https://otetmarkets.com/withdrawal/): processing 'Fast and automatic' in both directions; deposit fee 'None'; withdrawal fee 'Zero' plus a $3 network fee. The withdrawal fee field holds that $3 because it is what the client pays on each withdrawal; it is the blockchain network fee, and the withdrawal page states that Otet's own withdrawal fee is zero. Times: the withdrawal page gives an average of 3 hours and a maximum of 24 hours for withdrawals from the Otet wallet, and its article says crypto withdrawals typically arrive within 2 to 4 hours; Client Agreement clause 5.3 (https://otetmarkets.com/terms-and-conditions/) says withdrawal requests are processed on business days and may take 24 to 72 hours once KYC is complete, and clause 24.3 puts every withdrawal through a compliance and risk review first. The 72 hours stored is the longest of these and is the broker's time to process the request, not the time the coins take to arrive. Withdrawal confirmations on Saturdays, Sundays and public holidays move to the next business day. Limits: $5 minimum deposit to fund the wallet ($25 to open a trading account), $5 minimum withdrawal, $10,000 maximum withdrawal per day (larger amounts by arrangement with support); Client Agreement clause 21.2 allows enhanced review of $10,000 or more within any 30 days. Deposits need no KYC (deposit page FAQ) but must come from a wallet in the account holder's name, otherwise they are returned less network fees; withdrawals need approved KYC and go only to the holder's own wallet. Client Agreement clause 5.6.2 requires withdrawal by the deposit method, in proportion, and the Visa and Mastercard terms say an account first funded in crypto may withdraw only by crypto or digital wallet. Client Agreement clause 5.14 puts all transfer charges at the client's expense. Not available to residents of the United States, Iran or Canada, which both funding pages restrict for all deposit methods.	Free	USD 3	USD 5	USD 5USD 10,000	Up to 72 hours
USDC (Ethereum Network)Cryptocurrency ERC20 network. Deposit and withdrawal tables (https://otetmarkets.com/deposit/ and https://otetmarkets.com/withdrawal/): processing 'Fast and automatic' in both directions; deposit fee 'None'; withdrawal fee 'None' plus a $4 network fee. The withdrawal fee field holds that $4 because it is what the client pays on each withdrawal; it is the blockchain network fee, and the withdrawal page states that Otet's own withdrawal fee is zero. Times: the withdrawal page gives an average of 3 hours and a maximum of 24 hours for withdrawals from the Otet wallet, and its article says crypto withdrawals typically arrive within 2 to 4 hours; Client Agreement clause 5.3 (https://otetmarkets.com/terms-and-conditions/) says withdrawal requests are processed on business days and may take 24 to 72 hours once KYC is complete, and clause 24.3 puts every withdrawal through a compliance and risk review first. The 72 hours stored is the longest of these and is the broker's time to process the request, not the time the coins take to arrive. Withdrawal confirmations on Saturdays, Sundays and public holidays move to the next business day. Limits: $5 minimum deposit to fund the wallet ($25 to open a trading account), $5 minimum withdrawal, $10,000 maximum withdrawal per day (larger amounts by arrangement with support); Client Agreement clause 21.2 allows enhanced review of $10,000 or more within any 30 days. Deposits need no KYC (deposit page FAQ) but must come from a wallet in the account holder's name, otherwise they are returned less network fees; withdrawals need approved KYC and go only to the holder's own wallet. Client Agreement clause 5.6.2 requires withdrawal by the deposit method, in proportion, and the Visa and Mastercard terms say an account first funded in crypto may withdraw only by crypto or digital wallet. Client Agreement clause 5.14 puts all transfer charges at the client's expense. Not available to residents of the United States, Iran or Canada, which both funding pages restrict for all deposit methods.	Free	USD 4	USD 5	USD 5USD 10,000	Up to 72 hours
USDC (Smart Chain Network)Cryptocurrency1	Free	USD 1	USD 5	USD 5USD 10,000	Up to 72 hours
Visa / MastercardCredit Card Visa and Mastercard, in USD or EUR. The deposit and withdrawal tables (https://otetmarkets.com/deposit/ and https://otetmarkets.com/withdrawal/) list Visa Card and Mastercard as two lines on identical terms, shown here as one channel, and both pages mark cards as Limited. Deposit page: up to 24 hours at a 4.9% fee, which its article calls a processing fee to cover gateway costs where cards are active in the client's region. Withdrawal page: up to 72 hours at a 3% fee with no network fee; its article says the payment gateway may apply approximately 3% and that this is not a fee charged by Otet. BROKER CONFLICT: the Visa and Mastercard Payment Terms and Conditions (https://otetmarkets.com/terms-and-conditions/) say card deposits take up to 24 business hours, run from $5 to $3,000 per transaction and carry a 6.5% processing fee, are converted to the account's base currency (USD or EUR) at rates that may include fees, and are open only to KYC-approved users (the deposit page FAQ says no KYC is needed to deposit); that withdrawals to Visa or Mastercard cards are not permitted; and that refunds of unused amounts or failed transactions go back to the original card only after finance review, from $1 to $1,850, for a 3.7% plus $1 fee. The fields hold the funding pages' figures (4.9%, 3%, 72 hours, $10,000 per day) and the terms' $3,000 per-transaction deposit maximum. Client Agreement clause 5.3: withdrawal requests are processed on business days in 24 to 72 hours once KYC is complete. Limits on the funding pages: $5 minimum deposit to fund the wallet ($25 to open a trading account), $5 minimum withdrawal, $10,000 maximum withdrawal per day. Withdrawals up to the deposited amount return by the original payment method (deposit page), and Client Agreement clause 5.6.2 requires withdrawal the same way as deposited, in proportion. Withdrawal confirmations on Saturdays, Sundays and public holidays move to the next business day. Card services are not available in Iran, Turkey, the United States, Canada and further countries the funding pages do not list in full; the card terms bar transactions from Iran, North Korea, Syria, Sudan, Yemen, Cuba, Russia, Belarus, Afghanistan, the Central African Republic, Congo, Somalia, Lebanon, Venezuela and Iraq, and card services to residents of the United States, Canada (except in specific cases), the European Union, the United Kingdom, Australia, New Zealand and Japan.	4.9%	3%	USD 5	USD 5USD 10,000	Up to 72 hours

Broker's notes on these methods

BEP20 network. Deposit and withdrawal tables (https://otetmarkets.com/deposit/ and https://otetmarkets.com/withdrawal/): processing 'Fast and automatic' in both directions; deposit fee 'None'; withdrawal fee 'Zero' plus a $1 network fee. The withdrawal fee field holds that $1 because it is what the client pays on each withdrawal; it is the blockchain network fee, and the withdrawal page states that Otet's own withdrawal fee is zero. Times: the withdrawal page gives an average of 3 hours and a maximum of 24 hours for withdrawals from the Otet wallet, and its article says crypto withdrawals typically arrive within 2 to 4 hours; Client Agreement clause 5.3 (https://otetmarkets.com/terms-and-conditions/) says withdrawal requests are processed on business days and may take 24 to 72 hours once KYC is complete, and clause 24.3 puts every withdrawal through a compliance and risk review first. The 72 hours stored is the longest of these and is the broker's time to process the request, not the time the coins take to arrive. Withdrawal confirmations on Saturdays, Sundays and public holidays move to the next business day. Limits: $5 minimum deposit to fund the wallet ($25 to open a trading account), $5 minimum withdrawal, $10,000 maximum withdrawal per day (larger amounts by arrangement with support); Client Agreement clause 21.2 allows enhanced review of $10,000 or more within any 30 days. Deposits need no KYC (deposit page FAQ) but must come from a wallet in the account holder's name, otherwise they are returned less network fees; withdrawals need approved KYC and go only to the holder's own wallet. Client Agreement clause 5.6.2 requires withdrawal by the deposit method, in proportion, and the Visa and Mastercard terms say an account first funded in crypto may withdraw only by crypto or digital wallet. Client Agreement clause 5.14 puts all transfer charges at the client's expense. Not available to residents of the United States, Iran or Canada, which both funding pages restrict for all deposit methods. · applies to 2 methods

Trading software

Trading Platforms

2 trading platforms on record: MetaTrader 5 and cTrader.

2 platforms

MetaTrader 5
by MetaQuotes Software Corpsince 2010Developer site
Otet's MetaTrader 5 offering covers Windows, macOS, a browser-based WebTrader and iOS and Android apps, with advanced charting, more than 80 indicators, Expert Advisors and the MQL5 development environment. Six of the seven account tiers run on it.
Runs on
- Windows
- Mac
- Web
- Android
- iOS
Features on record
- Advanced Charts
- 80+ Indicators
- Expert Advisors and algorithmic trading
- MQL5 Development Environment
- Depth of Market (DOM)
- Fundamental Analysis Tools
- Fast Trading & Hedging
- Signals & Copy Trading
Download
Details
cTrader
by Spotware Systems Ltdsince 2011Developer site
Otet's cTrader build runs on Windows, macOS, the browser, iOS and Android, with Level II depth of market, cBots and weekend crypto trading, for the cTrader Account. The page lists cTrader Copy yet says copy trading at Otet is MT5-only.
Runs on
- Windows
- Mac
- Web
- Android
- iOS
Features on record
- Level II pricing (Full DOM)
- Advanced Charts
- Automated Trading with cBots
- cTrader Automate Development Environment
- Fast execution engine
- API and FIX Protocol
- Advanced Risk Management
- Weekend Crypto Trading
- Detachable Chart Windows
- Tick charts and custom timeframes
Download
Details

Websites

Global Domains

10 domains on record. 8 active.

10 domains

otetmarkets.comMain siteActiveHTTPS
otetmarket.comRegionalIranActiveHTTPS
otetmarkets.netRegionalActiveHTTPS
otet.marketsBackupInactiveHTTPS
otet.orgClient portalActiveHTTPS
mt5web.otetmarkets.com/terminalWeb terminalActiveHTTPS

Show 4 more

help.otetmarkets.comHelp centreInactiveHTTPS
ct.otetmarkets.comWeb terminalActiveHTTPS
portal.otetmarkets.comClient portalActiveHTTPS
my.otetmarkets.comClient portalActiveHTTPS

Legal entities

Corporate Network

2 legal entities behind the OtetMarkets brand.

2 entities

Otet Group Ltd.ActiveSaint LuciaRegistration 2023-00595Established Nov 27, 2023Saint Lucia international business company, named in the terms and conditions, client agreement, privacy policy and partnership agreement as the brokerage company of the Otet group. It is not the entity that holds the brokerage licence.
Otet Group LTDActiveComorosRegistration HY00523012Comoros Union (Mwali) international business company. This is the entity that holds brokerage licence No. T2023304 issued by the Mwali International Services Authority, and it is named alongside the Saint Lucia company in the terms and conditions, privacy policy, cookie policy and partnership agreement.

Company registry check

Checked Oct 23, 2026

Company Registration

The operating company is OTET GROUP LTD.. Registered in Saint Lucia. Registration number 2023-00595.

Verified on registry

Legal entity: OTET GROUP LTD.
Registration number: 2023-00595
Jurisdiction: Saint Lucia
Incorporated: Nov 27, 2023
Registry: Saint Lucia Registry of Companies and Intellectual Property (RA000503), as validated in the GLEIF LEI record 254900GDWDMGGGZPZH29
Registered address: C/O ACE Corporate Services Inc., Ground Floor, Rodney Court Building, Rodney Bay, Gros-Islet, Saint Lucia

Peer comparison

Brokers worth comparing

4 other brokers on the record share what OtetMarkets offers — its country, regulator, account types or platforms — set beside it on the same measures.

4 peers

OtetMarkets
This recordSaint Lucia · since 2023· Otet Group LTDWikilix score 50.0RegulationOffshoreMISAMax leverage1:1000Platforms2Licences1
Auxiliumfx
Saint Lucia · since 2024· Auxilium FX LtdWikilix score 50.0RegulationRegulatedFSAMax leverageNot recordedPlatforms2Licences2
FNmarkets
ComorosWikilix score 50.0RegulationOffshoreMISAMax leverage1:500Platforms1Licences2
RRFX
Indonesia · since 2007· PT RRFX Investasi BerjangkaWikilix score 50.0RegulationRegulatedJFXMax leverage1:400Platforms1Licences2
BingX
Panama · since 2018Wikilix score 50.0RegulationOffshoreFSCMax leverage1:1000Platforms3Licences1

Frequently Asked Questions

Common questions about OtetMarkets

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OtetMarkets

Trading Conditions

Official website

Funding Methods

Bitcoin (BTC)

Tether (Ethereum Network)

Tether (Smart Chain Network)

Tether (Tron Network)

USDC (Ethereum Network)

USDC (Smart Chain Network)

Visa / Mastercard

Trust rating

Regulation

What we checked

What this measures

Identity

What we checked

What this measures

Client terms

What this measures

Trading offer

What we checked

What this measures

Service

What we checked

What this measures

Regulatory Licenses

Company Information

Customer Support

OtetMarkets Broker Overview

OtetMarkets Regulation and License

Is OtetMarkets Regulated?

Otet Group Ltd. and Otet Group LTD

Is OtetMarkets Safe?

OtetMarkets Account Types

OtetMarkets Spreads, Commissions and Fees

OtetMarkets Leverage

OtetMarkets Trading Platforms

OtetMarkets Deposits and Withdrawals

OtetMarkets Support

OtetMarkets Pros and Cons

OtetMarkets Review and Assessment

Spread over time

Moroni International Services Authority T2023304

What our check found

Client protection under this licence

Broker's notes on these methods

MetaTrader 5

Runs on

Features on record

cTrader

Runs on

Features on record

OtetMarkets

Auxiliumfx

FNmarkets

RRFX

BingX

Frequently Asked Questions

Does OtetMarkets offer a demo account?

Does OtetMarkets offer copy trading?

Does OtetMarkets offer bonuses?

How do I make a complaint to OtetMarkets?

What does it cost to trade with OtetMarkets?

What can you trade with OtetMarkets?

Does OtetMarkets offer swap-free (Islamic) accounts?

Which countries does OtetMarkets accept?

Is OtetMarkets a scam?

Who operates OtetMarkets?

How long do OtetMarkets withdrawals take?

What is the minimum deposit at OtetMarkets?

What is the maximum leverage offered by OtetMarkets?

Does OtetMarkets offer customer support in multiple languages?

What are the deposit and withdrawal options available at OtetMarkets?

Which trading platform does OtetMarkets offer?

What is the regulatory status of OtetMarkets?

What is the typical spread on EURUSD at OtetMarkets?

How wide do OtetMarkets spreads get on EURUSD?

What is the spread on gold (XAUUSD) at OtetMarkets?

How does Wikilix measure OtetMarkets spreads?