Wikilix
Licence record

OtetMarkets: FinCEN licence 31000278731653

Issuing authority
Financial Crimes Enforcement Network
Jurisdiction
United States
Licence type
Common Business Registration
Last checked
Aug 23, 2026

This is Wikilix's record of a licence issued by Financial Crimes Enforcement Network. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Aug 30, 2026

Licence Verification Record

Financial Crimes Enforcement Network 31000278731653

Wikilix read the FinCEN register on Aug 23, 2026. This is what it said.

Holder
Otet Group LTD
Issuing authority
Financial Crimes Enforcement Network
Jurisdiction
United States
Licence type
Common Business Registration
Effective
Aug 10, 2024
Register status
Registered as a money services business — not a trading licence
Not found on register

Checked Aug 23, 2026

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

wikilix.com/brokers/otetmarkets/licenses/financial-crimes-enforcement-network/31000278731653Fields on file 7 / 11

Open OtetMarketsAll OtetMarkets licencesAbout FinCEN
Our check
Checked

What we checked

This licence is no longer in force, or the register did not carry it when we looked.

Wikilix check
Ended
Authority strength
Tier 1
Jurisdiction
United States
Last checked
Aug 23, 2026
Register says
Registered as a money services business — not a trading licence

Finding

Otet Group LTD holds a United States Money Services Business registration, No. 31000278731653, effective 10 August 2024, for foreign exchange conversion. An MSB registration is an anti-money-laundering filing, not authorisation to offer forex or CFD trading, and it confers no investor protection whatsoever. The broker presents this registration on its regulation page alongside its brokerage licence under a heading of licences and identifiers, which risks reading as supervision it is not. The registration also does not permit services to United States residents, and the broker states it does not accept them.

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

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
31000278731653
Licence type (Wikilix classification)
Common Business Registration
Register status
Registered as a money services business — not a trading licence
Effective from
Expires
No expiry shown
The authority

About FinCEN

Financial Crimes Enforcement Network is the authority that issued this licence, and the jurisdiction it applies in is United States.

Full name
Financial Crimes Enforcement Network
Jurisdiction
United States
Strength
N/A for broker licensingThe strictest regimes: high capital requirements, segregated client money and a compensation scheme.
Established
1990
Oversight
A government or statutory body
Firms we track under it
38 firms
Regulates
Forex
Licences it issues
US AML registry; MSB registration required but not a broker licence
Typical cost of a licence
Not available
Public register
Searchable by the public
Transparency
Medium
Protection

What this licence protects

FinCEN's own rules for the firms it authorises.

  • No complaints route
  • Maximum leverageVaries by firm / local rules
This licence is not in force, so these protections do not apply to it. They describe FinCEN's regime for the firms it currently authorises.
The holder

Who holds this licence

The licence above is recorded against OtetMarkets. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
Otet Group LTD
Based in
Saint Lucia
Wikilix score
37.7the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • Otet Group Ltd.Saint Lucia · Reg. 2023-00595 · Jan 1, 2023
  • Otet Group LTDComoros · Reg. HY00523012
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences OtetMarkets holds

One other licence is on record for OtetMarkets.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
OtetMarkets offers a maximum leverage of 3000:1. This high leverage allows traders to control larger positions with a smaller amount of capital, but it also increases the risk of significant losses.
OtetMarkets provides customer support primarily in English. Support is available through various channels, including live chat during business hours, email, and social media platforms like Facebook and Twitter.
OtetMarkets supports deposits and withdrawals via Bank Card, Bank Wire Transfer, Bitcoin (BTC), and Tether (USDT). The minimum deposit amount is USD 25, and while the broker does not charge fees, third-party fees may apply.
OtetMarkets provides access to the MetaTrader 5 platform, a multi-asset trading software developed by MetaQuotes Software Corp. MT5 supports various devices, including desktop, web, and mobile, and offers advanced analytics and algorithmic trading tools.
OtetMarkets operates under a Retail Forex License issued by the Moroni International Services Authority (MISA) in Comoros. The broker is classified as offshore, and MISA is considered a tier 4 global regulator with low transparency and no client fund insurance.
Licence 31000278731653 was issued by Financial Crimes Enforcement Network (FinCEN), the financial authority for United States.
OtetMarkets holds this FinCEN licence. A licence on record means the authority published an entry; it is not an endorsement.
No. This licence is no longer in force, or the FinCEN register did not carry it when we looked. It is kept on record because a closed registration is part of a firm’s history.
Wikilix rates FinCEN tier 1 — the strictest band, with high capital requirements, segregated client money and a compensation scheme.
OtetMarkets has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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