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Regarding the legitimacy of OtetMarkets forex brokers, it provides a comprehensive investigation into the security aspects of regulatory MISA, and WikiBit, as well as whether there are any negative scam reviews.

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Is OtetMarkets safe?

The regulatory license is the strongest proof.

Retail FX

MISA Retail Forex License

Mwali International Services Authority

Mwali International Services Authority

Regulatory Agencies Introduction
  • Current Status:

    Offshore Regulated
  • License Type:

    Retail Forex License
  • Licensed Institution:

    Otet Group LTD Otet Group LTD
  • Effective Date:

    2023-06-14
  • Email Address of Licensed Institution:

    --
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    https://otetmarkets.com/
  • Expiration Time:

    --
  • Address of Licensed Institution:

    --
  • Phone Number of Licensed Institution:

    --
  • Licensed Institution Certified Documents:

11 name

Is OtetMarkets a scam, or is it legit?

The latest exposure and evaluation content of OtetMarkets brokers.

Big scammer open automatic position and....
i was a new members of otetmarkets It is a scamm broker when i click to open 0.01 lots and now opened 1 Lot and i lost 30%of my money on the position After conversation otet team said you type mistake number But i have screen shot that show I don't typr e 1 lot i only open 0.01 lots And also now i can not withdraw my money i open a tacket with otet teams they said after 24 hr will complete it And now 30 H but he say please waiting...
They won't let me withdraw
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?
scam
Fraudulent broker that has no live support, no answer to emails. a complete scam i lost 2000$ in this broker
unable to withdraw
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.
OtetMarkets's latest industry rating score is 3.51, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. OtetMarkets If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.