OTET Markets
MT5 and cTrader broker with 314 instruments and a $25 entry.
- Founded 2023 — Montenegro headquarters with Comoros and Saint Lucia licensing
- $25 minimum deposit across ECN and cTrader account types
- 314 instruments — strong stock CFD coverage (164 US, 43 European)
- Both MT5 and cTrader supported under full license
What we liked & What we didn't
What we liked
- +Low $25 entry with full MT5 license
- +cTrader available alongside MT5 — unusual for offshore brokers
- +Strong stock CFD coverage on US and European names
- +Multiple account types including swap-free
- +Copy trading marketplace built-in
What we didn't
- −Limited track record (2023 founding)
- −Offshore-only regulation — no tier-1 or tier-2 license
- −User reports of occasional withdrawal delays
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.
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