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WikiFX

Score

2.26 /10
Negative

OctaFX

United States

Scam Brokers

5-10 years

Suspicious Regulatory License

MT4/5 full license

Global Business

High potential risk

Benchmark

AAA

Influence

AAA

Influence

E

Open Account
Website

Score

License Index0.00

Business Index6.92

Risk Management Index0.00

Software Index9.07

Regulatory Index0.00

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

Benchmark

AAA

Influence

AAA

Influence

E

Website
Open Account

Licenses

VPS Standard
No restriction on the broker account. Provide service support by WikiFX

Single Core

1G

40G

Open for free

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: 2022-08-16
  • This broker bas been verified to be illegal and all of its licences have been 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.

This platform is a Ponzi Scheme. Please stay away!

Previous Detection 2022-08-16 Risk 4

OctaFX · Benchmark
Average transaction speed(ms)
219.2 Perfect
The fastest transaction speed(ms)
1 Perfect
The fastest speed of opening positions(ms)
1 Perfect
The fastest speed of closing position(ms)
1 Perfect
The slowest speed of opening positions(ms)
1575 Good
The slowest speed of closing position(ms)
777 Great
Ranking: 10 / 117
Test user 330
Transactions 2,361
Ocuppied margin $121,224 USD
Data Source WikiFX Data provide
Updated: 2022-07-31 23:07:00
Pyramid scheme complaint
Expose
Sources

News

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
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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 correction, please send the information to:qawikifx@gmail.com
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