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Otet Markets vs PrimeXBT
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Otet Markets currently holds a lower overall rating (3.9) compared to PrimeXBT (4.6).
Otet Markets has a higher minimum deposit than PrimeXBT, at 25.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Otet Markets offers a greater leverage limit of 1:3000, whereas PrimeXBT allows a maximum of only 1:2000.
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 ($) | 25.0 | 0.0 |
| Commission | 2.0 | 0.0 |
| 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 | 4 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 100.0 | - |
| Spread | Variable | Variable |
| Broker type | STP, ECN, NDD, Prime of Prime | STP, ECN, Market Maker |
| Maximal leverage (1:?) | 3000 | 2000 |
| Availability | STP, ECN, NDD, Prime of Prime | STP, ECN, Market Maker |
| Regulation | M.I.S.A. (Mwali), TCMI (Marshall) | FSA (Seychelles), FSCA (South Africa), FSC (Mauritius) |
| Trading Platforms | MetaTrader 5 (MT5), cTrader, Web Platform, Mobile Platform | MetaTrader 5 (MT5), Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Perfect Money, WebMoney, USDT | Wire Transfer, Credit Card, Debit Card, ACH deposit, Neteller, Skrill, Internal transfer, Bitcoin, Crypto, Picpay, Pix, Apple Pay, Google Pay, MoMo Wallet, Visa, Mastercard |
| Account Currency | USD | USD, BTC, ETH, USDT |
| Languages | English, Arabic, Persian | English, Spanish, French, German, Portuguese, Japanese, Italian, Russian, Bangla, Indonesian, Thai, Arabic, Vietnamese, Korean, Urdu, Simplified Chinese |
| Country | Saint Lucia | Seychelles |
| Trading platform(s) timezone | Montenegro, United Kingdom | Mauritius, Seychelles, South Africa |
| Other trading instruments | Stocks, Indices, Commodities, Energies, Shares, Cryptocurrency | Cryptocurrency, Precious Metals, Share CFDs, Forex, CFDs: Indices, Commodities, Energies |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
