OTET Markets

Overview

OTET Markets is a newer entrant, founded in 2023 with headquarters in Montenegro. The broker carries a Comoros license (T2023304, registration HY00523012) plus Saint Lucia offshore registration. With 314 instruments and both MT5 and cTrader as full-license platforms, OTET positions itself as a multi-platform value-tier broker.

Regulation & safety

OTET operates under Comoros Mwali International Services Authority licensing (T2023304) plus Saint Lucia offshore registration. There is no tier-1 (FCA, ASIC) or tier-2 (CySEC) license in the stack, strictly offshore. As with any offshore-only broker, the regulatory recourse is limited; capital segregation is still required but no compensation scheme applies.

Account types & minimum deposit

Four account types on MT5 and one on cTrader:

• No Swap, Islamic / swap-free
• ECN, $25 minimum, raw spread pricing
• ECN+, tighter spreads with commission
• Stock, for stock-CFD-focused traders, 1:1 leverage
• cTrader, single ECN-style account

Fees, spreads & costs

ECN-tier pricing competitive for the deposit level. Spreads on EUR/USD start tight on the ECN+ account; the standard ECN tier carries slightly wider spreads with no commission.

Trading platforms

OTET supports MT5 (full license) and cTrader. No MT4. The combination is unusual for an offshore broker, most peers stick to MT4/MT5. cTrader users get the standard level-2 pricing depth and pro-grade order types.

Asset class coverage

314 instruments total:

• 72 forex pairs
• 164 US stock CFDs, 43 European
• 13 indices
• 13 cryptocurrencies
• 6 metals
• 3 energy contracts

Maximum leverage is 1:1000 on forex; 1:1 on stock CFDs (no leverage).

Deposits & withdrawals

Crypto rails (USDT TRC20/ERC20, BTC), credit cards, WebMoney, bank transfers. Crypto deposits clear fastest; bank wires take 1-3 business days.

Customer support

Live chat support during business hours, email, and Telegram. Response times average a few minutes on chat and Telegram.

Verdict, who is OTET Markets for?

OTET Markets is for traders who want cTrader alongside MT5 at a low entry deposit. The $25 starting point is attractive for new traders, and the stock CFD breadth is real.

It's not the broker for traders who want regulatory weight, the offshore-only stack means thinner recourse. For experienced traders who can manage offshore risk in exchange for platform choice and a low deposit, OTET is worth considering.