OtetMarkets Review 38
I have been working with Broker Otet for several months without any issues. I haven't experienced any strange things like candles disappearing or trades stopping unexpectedly. Some people claim that Broker Otet doesn't pay out money, but I believe these are just rumors spread by competitors. People often get paid by other brokers to badmouth their competitors. If you search for reviews of any broker, you'll find negative opinions. Some say their money was taken unfairly, but I haven't seen anything like that. I've been using my monitor, TradingView, and MetaTrader every day for years, and I haven't noticed any problems with the candlestick charts. Those who complain about getting stopped out or not hitting their take profit targets might not understand how trading works. Do you know what ASK and BID lines are? Do you know what the spread is? Before making accusations, it's important to understand the basics of trading. Some people get paid to tarnish the reputation of brokers like Otet.
Otet, huh? Getting my deposit out felt like pulling teeth, no fun at all! While their customer service can be pretty responsive, it didn't help much when I had serious issues. Left me wanting a whole lot more. 👎
I started trading in that broker until the conditions changed and I decided to withdraw my money. After weeks they did not make a withdrawal or my deposit. Can anybody help me?
Fraudulent broker that has no live support, no answer to emails. a complete scam i lost 2000$ in this broker
I opened an account about a month ago. My pnl went from 500 to 400 then to 800, then 600, then took off and I reached 1K. I made maybe 20 traded on DAX and 15 on gold a day on avarage, and was holding position between 2 min and 8 hours. On average I was holding a position for maybe 30min. So relatively short, but I don't think it would violate any rules.That was the point when I decided to withdraw half of it, but then I got this message 1EBnyj5oGkbc"RE: Trading Account Violation Inquiry,We hope this letter finds you well. It has come to our attention thatcertain trading activities in your account 510342 number with OtetMarkets Forex Brokerage have raised concerns regarding possible ruleviolations. We take regulatory compliance seriously to ensure fair andsecure trading for all our clients.We kindly request that you provide us with relevant documents related toyour trading methods and tools employed. This information will aid us inconducting a thorough investigation to ensure compliance with ourtrading policies and industry regulations.Thank you for your immediate attention to this matter.I don't document my strategy so I don't even understand, but this is a red flag for me. Luckily I have deposited only 500 USD, but I would not dare to transfer larger amount like 5-10K to a broker like this.They are not even willing to release my initial capital, so be careful with this broker.I hope it is not over yet.
My recent experience with Otet Markets regarding a withdrawal has been profoundly disappointing. Despite being a diligent user, my withdrawal requests have been repeatedly rejected without any valid explanation. The lack of transparency and the prolonged delay—more than a week—has left me incredibly frustrated. As a customer, I believe in clear communication and efficient service, both of which were sorely lacking in this instance. I sincerely hope Otet Markets addresses this issue promptly, providing transparent explanations and resolving withdrawal rejections more efficiently. Improved customer service would greatly benefit the credibility of this platform.
The unregulated status got me second-guessing. It's like the wild west out here. And what's up with the lack of educational resources? I'm tryna learn and grow, but they ain't giving me much to work with. The website feels a bit sketchy, too – had trouble finding some crucial info. With all the uncertainties, I'm thinking twice before going all in. Gotta watch your back in this game, you feel me?
They offer a mix of trading options, from forex to crypto, and got different accounts to fit your style. You can choose between MetaTrader 5 and cTrader for your moves. Deposits and withdrawals? Covered with various options, including crypto vibes. But here's the real talk – they ain't playing by the rules, no regulation here. That's a red flag for some, you know? Plus, the deets on learning the game ain't clear, gotta hit them up for that. So, it's like a mixed bag – opportunities are there, but you gotta weigh the risks, fam.
