Permium account CASH BACK

Permium account CASH BACK

In the Premium account for Forex and Metals assets, a cashback of one dollar is credited for each lot traded. This amount will be deposited into the trader's MetaTrader account at midnight following the closure of the transaction.

Types of Trading Accounts in Otet Markets

Otet Brokerage offers 5 types of trading accounts on the MetaTrader (MT5) platform 

*Note: MetaTrader 5 and cTrader are two of the most popular trading platforms globally, with each being chosen based on the user's needs and preferences. MetaTrader 5 offers a straightforward user interface along with a wide range of tools and features suitable for traders at all levels of experience. On the other hand, cTrader boasts high speed and a plethora of tools, along with the ability to personalize charts according to user preferences.

By clicking on the purple button in the middle of the screen (as shown in the image below), you can switch between the two platforms, MetaTrader (MT5) and cTrader, and view the types of trading accounts available on the respective platform, along with their full specifications. These specifications include:

·  Minimum deposit amount:The minimum capital required to open a trading account.

·  Maximum capital:The maximum amount of capital allowed for a trading account.

· Margin call:A warning indicating that the trading losses have exceeded the permissible limit, prompting the need to increase the account balance.

·   Leverage:A multiplier used to amplify the amount deposited in a transaction.

·  Spread:The difference between the buying and selling prices for each trading currency pair.

· Commission: A fee charged by the broker for executing transactions and facilitating the exchange

 process.

· Stop out:When the balance of the trader's account falls below a specified percentage, the broker automatically closes their open trades.

·  Base currency:The currency used as the basis for transactions in Otet Brokerage.

·  Cashback:A portion of the trading costs returned to the trader.

*Note: Initially, by opening a demo account, you can access information about each symbol, including the current price and spread.

Types of MetaTrader (MT5) Trading Accounts by Otet

Otet provides MetaTrader (MT5) trading accounts in five packages: Classic, ECN, Premium, Swap Free, and Copy Trading. Below, we have detailed the specifications of each one.