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MultiBank Group vs Otet Markets
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, MultiBank Group currently holds a stronger overall rating (4.1) than Otet Markets (3.9).
MultiBank Group has a higher minimum deposit than Otet Markets, at 50.0.
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 MultiBank Group has a maximum lot size of 30.0, while Otet Markets offers 100.0.
MultiBank Group offers a lower maximum leverage of 1:1000, 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 ($) | 50.0 | 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 | 30.0 | 100.0 |
| Spread | Variable | Variable |
| Broker type | STP, ECN, Pro | STP, ECN, NDD, Prime of Prime |
| Maximal leverage (1:?) | 1000 | 3000 |
| Availability | STP, ECN, Pro | STP, ECN, NDD, Prime of Prime |
| Regulation | FSC (British Virgin Islands), CySEC (Cyprus), BaFIN (Germany), CIMA (Cayman Islands), VFSC (Vanuatu), FSC (Mauritius), FSA (Seychelles), MAS (Singapore), TFG (China), AUSTRAC (Australia), ESCA (UAE), VARA (UAE), FMA (Austria) | M.I.S.A. (Mwali), TCMI (Marshall) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MultiBank Plus App (Android and IOS) | MetaTrader 5 (MT5), cTrader, Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Neteller, UnionPay, Skrill, Bitcoin, POLi, PayTrust, GlobePay, PayRetailers, Payment Asia, SEPA, Awe Pay | Perfect Money, WebMoney, USDT |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD | USD |
| Languages | English, Spanish, French, German, Portuguese, Japanese, Italian, Russian, Mandarin, Chinese, Polish, Indonesian, Malay, Arabic, Vietnamese, Malay, Hindi | English, Arabic, Persian |
| Country | United Arab Emirates | Saint Lucia |
| Trading platform(s) timezone | United Arab Emirates, Australia, Austria, Brazil, China, Cayman Islands, Cyprus, Ireland, Gibraltar, Germany, Hong Kong, India, Mauritius, Mexico, Malaysia, Vanuatu, Philippines, Seychelles, Singapore, Spain, Taiwan, United Kingdom, United States, British Virgin Islands, Vietnam | Montenegro, United Kingdom |
| Other trading instruments | Stocks, Indices, Commodities, Energies, Shares, Cryptocurrency, Precious Metals | Stocks, Indices, Commodities, Energies, Shares, Cryptocurrency |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
