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FIBO Group (Cyprus) vs OTSO Markets
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FIBO Group (Cyprus) currently holds a lower overall rating (3.9) compared to OTSO Markets (5).
FIBO Group (Cyprus) has a higher minimum deposit than OTSO Markets, at 300.0.
Both platforms offer their clients bonuses, demo accounts.
Traders should note that
both companies offer the same minimum lot size 0.01, but FIBO Group (Cyprus) has a maximum lot size of 200.0, while OTSO Markets offers 50.0.
FIBO Group (Cyprus) offers a lower maximum leverage of 1:400, whereas OTSO Markets allows trading with up to 1:1000.
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 ($) | 300.0 | 20.0 |
| Commission | 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 | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 200.0 | 50.0 |
| Spread | Variable | Variable |
| Broker type | Market Maker, NDD | ECN |
| Maximal leverage (1:?) | 400 | 1000 |
| Availability | Market Maker, NDD | ECN |
| Regulation | FSC (British Virgin Islands), CySEC (Cyprus) | FSCA (South Africa) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Western Union, WebMoney, Neteller, Skrill, Okpay | Wire Transfer, Crypto |
| Account Currency | USD, GBP, EUR, CHF, RUB | USD, THB, VND, USDT |
| Languages | English, Spanish, German, Russian, Chinese, Indonesian, Arabic, Farsi | English, Chinese, Indonesian, Thai, Vietnamese |
| Country | Cyprus | South Africa |
| Trading platform(s) timezone | Austria, Cyprus, Germany, Kazakhstan, Russia, Singapore, Ukraine | South Africa |
| Other trading instruments | Stocks, Options, Futures, Indices, Commodities, CFDs | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
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