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Oanda vs Otet Markets
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Oanda currently holds a lower overall rating (3.8) compared to Otet Markets (3.9).
Oanda has a lower minimum deposit, at 0.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
Oanda offers a minimum lot size of 0.1 and a maximum lot size of 600.0, while Otet Markets offers 0.01 and 100.0.
Oanda offers a lower maximum leverage of 1:50, whereas Otet Markets allows trading with up to 1:3000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 0.0 | 25.0 |
| Commission | 50.0 | 2.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 4 |
| Minimum lot size | 0.1 | 0.01 |
| Maximum lot size | 600.0 | 100.0 |
| Spread | Variable | Variable |
| Broker type | Market Maker | STP, ECN, NDD, Prime of Prime |
| Maximal leverage (1:?) | 50 | 3000 |
| Availability | Market Maker | STP, ECN, NDD, Prime of Prime |
| Regulation | NFA (US) | M.I.S.A. (Mwali), TCMI (Marshall) |
| Trading Platforms | MetaTrader 4 (MT4), Web Platform, Mobile Platform | MetaTrader 5 (MT5), cTrader, Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, ACH deposit | Perfect Money, WebMoney, USDT |
| Account Currency | USD, GBP, EUR, CHF, JPY, CAD, SGD, HKD, AUD | USD |
| Languages | English, Spanish, Chinese | English, Arabic, Persian |
| Country | United States | Saint Lucia |
| Trading platform(s) timezone | Canada, Japan, Singapore, United Kingdom | Montenegro, United Kingdom |
| Other trading instruments | Cryptocurrency, Forex | Stocks, Indices, Commodities, Energies, Shares, Cryptocurrency |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
