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    OCTAFX

    • Cyprus Cyprus
    • 2-5 years
    • Regulated in Cyprus
    • Market Making(MM)
    • MT4/5 full license
    • Regional Brokers
    WikiFX Score
    Comparison

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

    • 35725251973
    • clientsupports@octafx.eu
    • --
    • --
    • 1, Agias Zonis and Thessalonikis Corner, Nicolaou Pentadromos Center, Block: B', Office: 201, 3026, Limassol, Cyprus
    VPS Standard

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

    • Single Core

    • 1G

    • 40G

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    Broker Information

    Company Name

    Octa Markets Cyprus Ltd.

    Phone of the company

    35725251973

    Company website
    https://www.octafx.eu/
    Customer Service Email Address

    clientsupports@octafx.eu

    Company address

    1, Agias Zonis and Thessalonikis Corner, Nicolaou Pentadromos Center, Block: B', Office: 201, 3026, Limassol, Cyprus

    Pyramid scheme complaint
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    WikiFX Risk Alerts 1
    2022.05.24

    The number of the complaints received by WikiFX have reached 21 for this broker in the past 3 months, please be aware of the risk and the potential scam!

    Brokers What really is the situation with FX traders?

    Forex trading is causing a stir on social media, with many people drawn in by the promise of making a lot of money with little work, especially as a lucrative side gig. So, what's the issue with all the hullabaloo? Is it just a get-rich-quick gimmick, or can you truly start making millions?

    WikiFX
    2022/4/21 4:39:20
    What really is the situation with FX traders?
    Brokers Forex Traders Can Help Charity Organisations With OctaFX During Ramadan 2022

    OctaFX will raise funds for charitable activities during Ramadan 2022 together with its clients. OcatFX login. Active trading is all that’s needed to contribute to the noble cause.

    WikiFX
    2022/4/18 6:39:26
    Forex Traders Can Help Charity Organisations With OctaFX During Ramadan 2022
    Brokers OctaFX Extends Its Trading Offer By 25 New Cryptocurrencies

    The international Forex broker OctaFX has recently added 25 new cryptocurrencies paired with the U.S. dollar, ready to be traded on its services from 14 March 2022.

    WikiFX
    2022/3/21 6:24:53
    OctaFX Extends Its Trading Offer By 25 New Cryptocurrencies
    Brokers The gold paradigm vs crypto’s fresh ‘new wave’: OctaFX does both

    Many have wondered how the domains of gold and crypto might intersect with each other. People may ask questions like "Is there any common ground?", "Does it have to be one over the other?" International Forex broker OctaFX will answer all these questions.

    WikiFX
    2022/2/18 3:49:35
    The gold paradigm vs crypto’s fresh ‘new wave’: OctaFX does both
    Brokers OctaFX Minimum Deposit: A Brief Review of the Broker’s Features

    To start working with OctaFX, you need to deposit at least $100. This amount is enough to gain access to all features that the brokerage firm offers to its clients. Thus, you can join the broker, start with the platform, buy and sell all types of assets, benefit from low spreads and high leverage as well as use copytrading facilities.

    WikiFX
    2022/2/18 3:45:30
    OctaFX Minimum Deposit: A Brief Review of the Broker’s Features

    OCTAFX

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    Cyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission (CYSEC)

    The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.

    • Licensed Institution :

      Octa Markets Cyprus Ltd

      Effective Date :

      2018-12-10
    • Email Address of Licensed Institution :

      info@octafx.eu

      License Type:

      No Sharing
    • Website of Licensed Institution :

      www.octafx.eu,www.octamarkets.eu,www.de.octafx.eu,www.bg.octafx.eu,www.hr.octafx.eu,www.cz.octafx.eu,www.dk.octafx.eu,www.ee.octafx.eu,www.fi.octafx.eu,www.fr.octafx.eu,www.gr.octafx.eu,www.is.octafx.eu,www.it.octafx.eu,www.lv.octafx.eu,www.lt.octafx.eu,www.mt.octafx.eu,www.nl.octafx.eu,www.no.octafx.eu,www.pl.octafx.eu,www.pt.octafx.eu,www.ro.octafx.eu,www.sk.octafx.eu,www.si.octafx.eu,www.es.octafx.eu

      Expiry Date :

      --
    • Address of Licensed Institution :

      STrovolou 47, KYROS TOWER, 5Th Floor, Nicosia 2018

      Phone Number of Licensed Institution :

      35725251973
    • Licensed Institution Certified Documents :

      Annex1 Annex2

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    OCTAFX

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    OCTAFX
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
    Related Photos
    Confirm to Submit

    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

    Confirm

    OCTAFX · Company summary

      Basic Information & Regulators of OTCAFX

      Octa Markets was established in 2017 with the aim of developing into a reputable, reliable, fair, and transparent forex trader. Octa Markets was authorized and regulated by the Cyprus Securities and Exchange Commission in 2018 (license number: 372/18).

      Safety Analysis of OTCAFX

      Octa Markets holds a full license from CySEC, a regulatory body that regulates forex fairly strictly, and therefore, a certain level of security can be ensured. Moreover, the trader has initiated a negative balance protection policy for each account, which completely separates the client's funds from the broker's operating funds to protect the safety of the client's funds.

      Market Instruments

      Octa Markets offers investors the most popular tradable instruments on the financial markets, mainly spot Forex, CFDs on stock indices, CFDs on spot metals, CFDs on commodities.

      Leverage & Account of OTCAFX

      Octa Markets offers two different account types for conservative and aggressive traders: MetaTrader5 account and cTrader account. The maximum leverage of the account is set according to the amount of money deposited by the trader's registration. The maximum default leverage is 1:20 for major currency pairs, 1:20 for minor currency pairs, gold and major indices, and 1:10 for commodities other than gold and non-major stock indices.

      Spreads & Commission Fees of OTCAFX

      The minimum spread for EURUSD is 0.4 pips, for GBPUSD 0.5 pips, and for EURGBP 0.6 pips. The minimum spread for spot gold is 0.8 pips, and for spot silver is 1.0 pips. The minimum spread for MetaTrader5 accounts starts from 0.3 pips, and no commission is charged for Forex and precious metals trading. cTrader accounts have a minimum spread of 0.0 pips, and a commission is charged for trading, which includes the opening fee for one side and the closing fee for the other side. There is no SWAP for both accounts. The trading commission on the cTrader Platform consists of a side charge for the opening of the position and another side charge for the closure of the trade.

      Trading Platform Applied of OTCAFX

      Octa Markets provides traders with two market-leading and high-performance trading software packages: MT5 and cTrader5. MT5 is the latest version of the multifunctional trading platform with a powerful trading system that supports various order types, including markets, pending orders, and stop orders, and supports desktop, web, Android, and iOS versions. cTrader5 features secondary quotes, server tracking, stops, cloud services to keep all accounts and templates in one place, one-click trading, and advanced charting features. Traders have the flexibility to choose the trading software according to their needs.

      Deposit & Withdrawal of OTCAFX

      Octa Markets Cyprus Ltd does not charge its clients any fees. Moreover, deposit and withdrawal fees applied by third parties are also covered by the broker Octa Markets supports wire transfers with a minimum amount of 50 Euros, which can be received within 3 to 7 business days.


    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.