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Otet Markets vs Defcofx
Both 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 Defcofx (4.5).
Otet Markets has a lower minimum deposit, at 25.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 0.01, but Otet Markets has a maximum lot size of 100.0, while Defcofx offers 2.0.
Otet Markets offers a greater leverage limit of 1:3000, whereas Defcofx 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 | 50.0 |
| 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 | 2.0 |
| Spread | Variable | - |
| Broker type | STP, ECN, NDD, Prime of Prime | STP, ECN |
| Maximal leverage (1:?) | 3000 | 2000 |
| Availability | STP, ECN, NDD, Prime of Prime | STP, ECN |
| Regulation | M.I.S.A. (Mwali), TCMI (Marshall) | - |
| Trading Platforms | MetaTrader 5 (MT5), cTrader, Web Platform, Mobile Platform | MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Perfect Money, WebMoney, USDT | Bitcoin, Multiple local methods, USDT |
| Account Currency | USD | USD, GBP, EUR |
| Languages | English, Arabic, Persian | English, French, German, Greek, Hebrew, Arabic, Hungarian, Dutch, Bulgarian, Czech, Norwegian, Danish, Finnish, Traditional Chinese, Cebuano, Afrikaans |
| Country | Saint Lucia | Saint Lucia |
| Trading platform(s) timezone | Montenegro, United Kingdom | Saint Lucia |
| Other trading instruments | Stocks, Indices, Commodities, Energies, Shares, Cryptocurrency | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
