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FXOpen Markets Limited vs Otet Markets
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FXOpen Markets Limited currently holds a lower overall rating (3.2) compared to Otet Markets (3.9).
FXOpen Markets Limited 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 FXOpen Markets Limited has a maximum lot size of 1000.0, while Otet Markets offers 100.0.
FXOpen Markets Limited offers a lower maximum leverage of 1:500, 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 ($) | 1.0 | 25.0 |
| Commission | 1.5 | 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 | ||
| Kontes | ||
| Decimals | 5 | 4 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 1000.0 | 100.0 |
| Spread | Variable | Variable |
| Broker type | STP, ECN, NDD | STP, ECN, NDD, Prime of Prime |
| Maximal leverage (1:?) | 500 | 3000 |
| Availability | STP, ECN, NDD | STP, ECN, NDD, Prime of Prime |
| Regulation | FCA (UK), ASIC (Australia) | M.I.S.A. (Mwali), TCMI (Marshall) |
| Trading Platforms | MetaTrader 4 (MT4), Web Platform, Mobile Platform | MetaTrader 5 (MT5), cTrader, Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Cash, Perfect Money, WebMoney, cashU, Neteller, UnionPay, Skrill, Netbanx, Okpay, FasaPay, Qiwi, Bitcoin, AliPay, WeChat Pay | Perfect Money, WebMoney, USDT |
| Account Currency | USD, GBP, EUR, CHF, JPY, RUR, SGD, AUD, GLD, BTC | USD |
| Languages | English, Spanish, French, German, Portuguese, Japanese, Italian, Russian, Mandarin, Chinese, Indonesian, Malay, Thai, Arabic, Malay, Farsi | English, Arabic, Persian |
| Country | New Zealand | Saint Lucia |
| Trading platform(s) timezone | Australia, New Zealand, Russia, United Kingdom, Ukraine | Montenegro, United Kingdom |
| Other trading instruments | Indices, Commodities, Energies, CFDs, Cryptocurrency | Stocks, Indices, Commodities, Energies, Shares, Cryptocurrency |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
