Score

2.27 /10
Danger

OctaFX

United States

Scam Brokers

5-10 years

Suspicious Regulatory License

MT4/5 full license

Global Business

High potential risk

AAA
AAA

Add brokers

Comparison

Quantity 78

Exposure

Open Account
Website

Score

License Index0.00

Business Index7.01

Risk Management Index0.00

Software Index9.07

Regulatory Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Contact number

English

+44 20 3322 1059

Indonesian

62213110 6972

Indonesian

+62 21 3110 6972

Chinese (Simplified)

852 5808 8865

Broker Information

More

Company Name

OctaFX

Company Abbreviation

OctaFX

Platform registered country and region

United States

Company website

Twitter

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2022-12-03
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

OctaFX · Benchmark
Average transaction speed(ms)
200.7 Perfect
The highest transaction speed(ms)
2 Perfect
The highest speed of opening positions(ms)
47 Perfect
The highest speed of closing position(ms)
2 Perfect
The lowest speed of opening positions(ms)
1969
The lowest speed of closing position(ms)
1922
Ranking: 14 / 119
Test user 443
Transactions 12,223
Ocuppied margin $232,678 USD
Data Source WikiFX Data provide
Updated: 2022-12-02 01:12:00
Pyramid scheme complaint
Expose
    Sources

    User Reviews

    More

    User comment

    11

    Comments

    Join to comment

    Nicha04
    0-3months
    Good app
    Translate to English
    2022-11-18 16:10
    Reply
    0
    1
    afif9617
    0-3months
    How know the
    Translate to English
    2022-11-17 02:11
    Reply
    0
    1

    News

    NewsEUR/USD PRICE ANALYSIS: BEARS PUSH BULLS TOWARDS BREAKING POINT

    EUR/USD bears are lurking below 1.0300 and eye a fast break below support. The bulls are gathering at 4-hour support in the meanwhile.

    WikiFX
    2022-11-23 10:52
    EUR/USD PRICE ANALYSIS: BEARS PUSH BULLS TOWARDS BREAKING POINT

    ExposureTrading Platform OctaFX Is Added By BNM To The Financial Consumer Alert List

    The foreign exchange (forex) trading platform OctaFX has been added to Bank Negara Malaysia's (BNM) list of Financial Consumer Alerts. By doing this, the central bank has made it clear that the platform is neither authorized nor permitted by BNM's regulations.

    WikiFX
    2022-08-30 18:07
    Trading Platform OctaFX Is Added By BNM To The Financial Consumer Alert List

    NewsWikiFX report: OctaFX announces a visual rebranding on its 11th anniversary

    For OctaFX, 11 years of offering brokerage services is a significant accomplishment. The broker made the first-ever decision to conduct a graphic rebranding.

    WikiFX
    2022-07-25 15:43
    WikiFX report:  OctaFX announces a visual rebranding on its 11th anniversary

    NewsWIKIFX REPORT: Forex Group, OctaFX Trains 250 Students In Rivers Varsity

    In light of the country's rising unemployment rate, OctaFX, a renowned foreign exchange broker, has created a trade program at Rivers State University, RSU, aimed at training roughly 250 Nigerian students in forex trading.

    WikiFX
    2022-06-16 11:32
    WIKIFX REPORT: Forex Group, OctaFX Trains 250 Students In Rivers Varsity

    NewsWIKIFX REPORT: OctaFX opens the gates for weekend crypto trading

    After having a good year with enthusiastic feedback from the trading community, OctaFX has finally opened its crypto trading offer for the weekends.

    WikiFX
    2022-06-16 11:24
    WIKIFX REPORT: OctaFX opens the gates for weekend crypto trading

    NewsWIKIFX REPORT: Multi-region iOS OctaFX Trading App premiere expands to Nigeria

    OctaFX, a worldwide Forex broker, has made its iOS OctaFX Trading App available in the Nigerian App Store since mid-March, following its first three debuts in Malaysia, India, and Indonesia. The same may be said about its counterparts in Singapore and Pakistan. In 2022, a full app release for all service zones will follow these regional debuts.

    WikiFX
    2022-06-16 11:19
    WIKIFX REPORT: Multi-region iOS OctaFX Trading App premiere expands to Nigeria

    NewsTHE CBN HAS UNVEILED THE RT200 FX SCHEME, WHICH AIMS TO INCREASE NON-OIL EXPORTS

    The Central Bank of Nigeria (CBN) has established the RT200 FX Program, which aims to boost foreign currency revenues.

    WikiFX
    2022-04-13 16:53
    THE CBN HAS UNVEILED THE RT200 FX SCHEME, WHICH AIMS TO INCREASE NON-OIL EXPORTS

    NewsTen major guides for Choosing a good broker for trading in South African

    The fact that there are many brokers today in South Africa; seeking to attract traders to invest with them, makes it very difficult to choose the best broker for trading. Not all brokers are suitable for traders. Some are fraudulent sites manifesting as brokers and seeking for traders to scam. We have therefore provided in this article the basic guidelines for choosing a broker for trading; bothering on their proof of regulation and approval from WikiFX.

    WikiFX
    2022-04-12 12:09
    Ten major guides for Choosing a good broker for trading in South African
    78
    Select Country/District
    • Hong Kong

      hk.wikifx.com

    • Taiwan

      tw.wikifx.com

    • United States

      us.wikifx.com

    • South Korea

      kr.wikifx.com

    • United Kingdom

      uk.wikifx.com

    • Japan

      jp.wikifx.com

    • Indonesia

      id.wikifx.com

    • Vietnam

      vn.wikifx.com

    • Australia

      au.wikifx.com

    • Singapore

      sg.wikifx.com

    • Thailand

      th.wikifx.com

    • Cyprus

      cy.wikifx.com

    • Germany

      de.wikifx.com

    • Russia

      ru.wikifx.com

    • Philippines

      ph.wikifx.com

    • New Zealand

      nz.wikifx.com

    • Ukraine

      ua.wikifx.com

    • India

      in.wikifx.com

    • France

      fr.wikifx.com

    • Spain

      es.wikifx.com

    • Portugal

      pt.wikifx.com

    • Malaysia

      my.wikifx.com

    • Nigeria

      ng.wikifx.com

    • Cambodia

      kh.wikifx.com

    • Italy

      it.wikifx.com

    • South Africa

      za.wikifx.com

    • Turkey

      tr.wikifx.com

    • Netherlands

      nl.wikifx.com

    • United Arab Emirates

      ae.wikifx.com

    • Colombia

      co.wikifx.com

    • Argentina

      ar.wikifx.com

    • Belarus

      by.wikifx.com

    • Ecuador

      ec.wikifx.com

    • Egypt

      eg.wikifx.com

    • Kazakhstan

      kz.wikifx.com

    • Morocco

      ma.wikifx.com

    • Mexico

      mx.wikifx.com

    • Peru

      pe.wikifx.com

    • Pakistan

      pk.wikifx.com

    • Tunisia

      tn.wikifx.com

    • Venezuela

      ve.wikifx.com

    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
    License or other information error corrections, please send the information to:qawikifx@gmail.com
    Cooperation:fxeyevip@gmail.com