Otet Markets

Otet Markets (otetmarkets.com) is an international forex and CFD broker registered in St. Vincent and the Grenadines (SVG)—an offshore jurisdiction with no real financial oversight from major authorities like FCA, ASIC, or CySEC. The broker offers the MetaTrader 5 (MT5) platform for desktop, web, and mobile, supporting trading of forex, indices, commodities, metals, stocks, CFDs, and cryptocurrencies.

Otet Markets advertises competitive spreads from 1.2 pips, maximum leverage of 1:500, minimum deposit from 100 USD, and supports funding/withdrawals via bank transfer, international card, e-wallets, and cryptocurrencies (BTC, USDT, etc). However, Otet Markets is not licensed by any reputable financial authority; SVG only provides legal registration, not actual oversight or investor protection.

International reviews and forums warn that Otet Markets is very high risk: users report withdrawal problems, pressure to deposit more, account freezes, poor customer service, and no response to complaints. Financial experts advise not to trade here, especially for new or inexperienced investors.