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Score

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/10

Octafxelitetrade

United Kingdom|1-2 years|
Suspicious Scope of Business|High potential risk|

https://octafxelitetrade.com/

Website

Rating Index

Contact

info@Octafxelitetrade.com
https://octafxelitetrade.com/
Gresham House, 24 Holborn Viaduct, London, England, EC1A 2BN

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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Octafxelitetrade · Company Summary

Anonymous Origination

Given that we have no information about the origins of the Octafxelitetrade trading platform, and the fact that it has only been operating for less than two years, with little to no industry reputation. The short operating history makes it challenging for such a platform to have established a credible reputation within the industry. Therefore, it can be reasonably inferred that this is simply a temporary, here-today-gone-tomorrow type of trading platform with no long-term sustainability.

Anonymous Origination

Shaddy Operation without Regulation

WikiFX has given a relatively low score of only 1.15 out of 10 to this broker. This suggests that Octafxelitetrade may not possess the necessary credentials, financial stability, or operational transparency that one would expect from a reliable and trustworthy trading platform.

Shaddy Operation with Regulation

Invalid Official Website

Octafxelitetrade's official website at https://octafxelitetrade.com/ is currently non-functional. When attempting to access this URL, the page fails to load properly, and ultimately results in a connection forbidden message.

Invalid Official Website

Conclusion

Overall, Octafxelitetrade is an unregulated broker with a low score. Traders should exercise extreme caution when dealing with this broker. To learn more about the regulatory status and operational details of other brokers, please visit the WikiFX website.

Broker Information

Company Name

Octafxelitetrade

Company Abbreviation

Octafxelitetrade

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Phone of the company

--

Twitter

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Facebook

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Instagram

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YouTube

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Company address
  • Gresham House, 24 Holborn Viaduct, London, England, EC1A 2BN

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@Octafxelitetrade.com

Company Summary

User Reviews

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User comment

3

Comments

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Noah Smith
more than one year
I placed a buy order at 2028.67, but despite the price only reaching a high of 2031.58 on their platform, the order somehow triggered! Even worse, my stop-loss order set at 2026.43 to limit losses never activated. They claim a "gap" caused this, but there's nothing on the chart to support that excuse. I sent them screenshots as evidence, but they refused a refund. This is unacceptable! My stop-loss should have protected me, but Octafxelitetrade's malfunctioning platform or manipulative practices cost me big time.
2024-04-18 16:11
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0
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Elijah Beirer
more than one year
Their order types are as limited as a child's menu. They lack essential order types like market orders and limit orders, restricting traders' ability to execute their strategies effectively. Forget about getting any trading signals or technical analysis from Octafxelitetrade. They offer nothing in this department. 👎👎👎
2024-04-18 13:42
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0
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Jamsmin
more than one year
I don't know if this broker is a scammer or not. I just know that there are big problems with withdrawals now, and some have not even received the money after waiting for a month.
2024-03-29 14:03
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