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Headway vs Otet Markets
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Headway currently holds a stronger overall rating (4.5) than Otet Markets (3.9).
Headway has a lower minimum deposit, at 1.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping, MAM/PAMM.
Traders should note that
both companies offer the same minimum lot size 0.01, but Headway has a maximum lot size of 1.0E7, while Otet Markets offers 100.0.
Headway offers a greater leverage limit of 1:1000000, whereas Otet Markets allows a maximum of only 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 ($) | 1.0 | 25.0 |
| Commission | 0.0 | 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 | 0.01 | 0.01 |
| Maximum lot size | 1.0E7 | 100.0 |
| Spread | Variable | Variable |
| Broker type | STP, ECN | STP, ECN, NDD, Prime of Prime |
| Maximal leverage (1:?) | 1000000 | 3000 |
| Availability | STP, ECN | STP, ECN, NDD, Prime of Prime |
| Regulation | FSCA (South Africa) | M.I.S.A. (Mwali), TCMI (Marshall) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | MetaTrader 5 (MT5), cTrader, Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Credit Card, Debit Card, Cash, Perfect Money, Neteller, Skrill, FasaPay, Crypto, Astropay, Pix, USDT, GCash | Perfect Money, WebMoney, USDT |
| Account Currency | USD, EUR, JPY, THB, ZAR, BRL, IDR | USD |
| Languages | English, Spanish, French, Portuguese, Japanese, Indonesian, Malay, Thai, Arabic, Vietnamese | English, Arabic, Persian |
| Country | South Africa | Saint Lucia |
| Trading platform(s) timezone | United Arab Emirates | Montenegro, United Kingdom |
| Other trading instruments | Stocks, Futures, Indices, Commodities, Energies, Shares, Cryptocurrency, Precious Metals, Forex, Synthetic cryptos | Stocks, Indices, Commodities, Energies, Shares, Cryptocurrency |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
