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About WikiFX
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Rating
/10.00
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!
Benchmark
AA
Market Making(MM)
CYSEC Suspicious Clone
Company Name:
OctaFXCompany Abbreviation:
OctaFXPlace of registration:
United States
Regulatory Status:
Scam BrokersCustomer Service Email Address:
--Customer Service Phone Number:
+44 20 3322 1059Company summary
Warning: This platform is a Ponzi Scheme. Please stay away!
Previous Detection: 2021.09.21 Risk: 4 Item
Exhibition Area
Survey
MT4/5
Website
Genealogy
Clones
Keywords
Time Machine
Score
Delivery Index
Market Analysis
Material Delivery
Ad Brand
Search Source
External Chain Proportion
External Chain Summary
Language
At first my friend told me about octafx that time I had the money to invest so I registered and deposited and trade with them after gaining the exact amount I wanted, I proceed to withdraw but it keeps telling me they have sent it but I didn't receive anything in my account.
FXETGbsk5651
2021/09/20
Nigeria
I can't withdraw they want me to put in $25 and I had just $ 3.66 now u can't even withdraw back my money so sad
FXLHOplg8502
2021/09/20
Nigeria
This woman chatted with me on telegram and she told me that she could help me in making money online. I deposited $300into the account, And after a 3 months my last check of my account it has $3000 but now I cannot access the account, and she no longer responds to any messages from me.
FXXTLpyn9582
2021/09/19
Philippines
it's fake business they took my from my account I email my broker she didn't replied me I call the office number they block much number.
Rey
2021/09/18
Philippines
i was drawn to make an initial deposit in order to start mining and earning more so I made a deposit and was updated but when it got to withdraw her I made a withdrawal since but have not yet still being paid anytime I report to a customer care they always block my number they totally scammed me
FXIATtat8003
2021/09/18
Nigeria
OctaFX is a US-registered online Forex and CFD broker, founded in 2011 and opened its MT4 trading platform in the same year, introduced local payments for the first time in 2012, Islamic accounts was released in 2015, and then introduced US crude oil and Brent crude oil in 2020 due to OctaFX's claim to hold a full Cypriot CySEC license, which is suspected to be The full Cyprus CySEC license that OctaFX claims to hold is suspected to be a set of licenses.
WikiFX
WikiFX has been following OCTA scam case since early 2020. In the case, forex broker OCTA didn’t allow an investor to withdraw his 100,000 dollars at the very first time due to the large amount of profits.
WikiFX
although OtcaFX is regulated by CySEC showcase at WikiFX, there are two complaints against the broker recently. With an increasing amount of fraud cases, WikiFX decided to exposed OtcaFX and raised the question whether all brokers regulated by CySEC are trustworthy or not.
WikiFX
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.
Current Status:
Suspicious CloneLicense Type:
Market Making(MM)Regulated in Country/Area
Cyprus
Regulatory License No.：
372/18Email Address of Licensed Institution :
info@octafx.euLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
STrovolou 47, KYROS TOWER, 5Th Floor, Nicosia 2018Phone Number of Licensed Institution :
35725251973Licensed Institution Certified Documents :
OctaFX CySEC监管截图 View Certified Documents
Identification Result
Most visited countries/areas
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WIKI Research
2021.09.21 updated
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2021.09.21 Update
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2021.09.21 Update
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General Information & Regulation
OctaFX is a US-registered online Forex and CFD broker, founded in 2011 and opened its MT4 trading platform in the same year, introduced local payments for the first time in 2012, swap-free accounts was released in 2015, and then introduced US crude oil and Brent crude oil in 2020 due to OctaFX's claim to hold a full Cypriot CySEC license, which is suspected to be The full Cyprus CySEC license that OctaFX claims to hold is suspected to be a set of licenses. Octa Markets Cyprus Ltd does not offer its services to residents of USA, Canada, Belgium as well as to other jurisdictions falling outside the European Union.
Market Instruments
OctaFX offers financial trading assets mainly in 32 Forex currency pairs, commodities, 10 indices CFDs, Crypto currencies.
Minimum Deposit
Trading accounts offered by OctaFX include the OctaFX MT5 account (for smart traders with a minimum initial deposit of $1,000), OctaFX MT4 account (for habitual traders with a minimum initial deposit of $100), and OctaFX cTrader account (for progressive traders with a minimum initial deposit of $100).
OctaFX Leverage
The maximum trading leverage offered by OctaFX is 1:500 for Forex currency pairs, 1:200 for gold and silver, 1:50 for CFDs on indices, and 1:10 for cryptocurrencies.
Spreads & Commissions
OctaFX offers floating spreads with a minimum spread of 0.4 pips on EURUSD with commission markup on OctaFX cTrader accounts and 0.6 pips on EURUSD with no commission markup on OctaFX MT4 and MT5 accounts.
Trading platforms
OctaFX offers three trading platform options: MT4, MT5, and cTrader. MT4 trading platform is suitable for both novice and experienced traders, with easy operations and diversified configurations. MT5 has all the positive features of MT4 with some new features added to it, extensive charting time tables, indicators, and images, suitable for more in-depth technical analysis, technical analysis. cTrder has a multi-functional trading environment that allows for more flexible trade execution and can meet the needs of any trader. All three trading platforms support web, desktop, Android, and iOS versions.
Deposit and withdrawal
OctaFX supports traders to deposit and withdraw funds to their investment accounts via VISA credit card (minimum deposit $25, minimum withdrawal $20), Bitcoin, Skrill (minimum deposit $50, minimum withdrawal $5), Neteller (minimum deposit $50, minimum withdrawal $5).
Customer Support
Customer support is available 24/7 and is best reached via live chat or Telegram. A webform is equally accessible, and traders may alternatively call. OctaFX ensures swift access to a customer services representative in case the unlikely need for additional assistance arises.
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You are visiting the website of WikiFX. In addition, its website and mobile product—WikiFX, is a global inquiry tool for enterprise profile that is operated by Wiki Co., LIMITED (Registration No.2806237) based in Hong Kong Special Administrative Region of China. Users should comply with the law of their countries/regions.
Official Email：wikifx001@163.com；
Feedback WeChat:fxeye005, fxeye003
Customer Service Phone Number：（HK）+00852 54200870
Copyright©2021 Cipher Group Limited All rights reserved.
License or other information error correction, please send the information to:qawikifx@163.com;
Cooperation:kfwikifx@163.com
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.
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