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Forex Broker Inc vs Otet Markets
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Forex Broker Inc currently holds a stronger overall rating (4) than Otet Markets (3.9).
Forex Broker Inc has a higher minimum deposit than Otet Markets, at 100.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping, MAM/PAMM.
Traders should note that
Forex Broker Inc offers a minimum lot size of 0.001 and a maximum lot size of 20.0, while Otet Markets offers 0.01 and 100.0.
Forex Broker Inc offers a lower maximum leverage of 1:500, 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 ($) | 100.0 | 25.0 |
| Commission | 1.0 | 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 | 0.001 | 0.01 |
| Maximum lot size | 20.0 | 100.0 |
| Spread | Variable | Variable |
| Broker type | STP, ECN | STP, ECN, NDD, Prime of Prime |
| Maximal leverage (1:?) | 500 | 3000 |
| Availability | STP, ECN | STP, ECN, NDD, Prime of Prime |
| Regulation | No Regulation | 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, Credit Card, Debit Card, Neteller | Perfect Money, WebMoney, USDT |
| Account Currency | USD, EUR, JPY | USD |
| Languages | English, Russian | English, Arabic, Persian |
| Country | Marshall Islands | Saint Lucia |
| Trading platform(s) timezone | Malta | Montenegro, United Kingdom |
| Other trading instruments | Indices, Commodities, Energies, CFDs | Stocks, Indices, Commodities, Energies, Shares, Cryptocurrency |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
