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    OCTAFX

    2-5 years
    |
    Regulated in Cyprus
    |
    Market Making(MM)
    |
    MT4/5 full license

    Rating

    0123456789
    .
    0123456789
    0123456789

     /10

    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!

    License Index

    6.67

    Business Index

    5.87

    Risk Management Index

    0.00

    Software Index

    6.91

    Regulatory Index

    6.64

    Licenses

    Cyprus Securities and Exchange Commission

    Market Making(MM)

    CYSEC Regulated

    Overview

    • Company Name:

      Octa Markets Cyprus Ltd.
    • Company Abbreviation:

      OCTAFX
    • Place of registration:

      OCTAFXCyprus
    • Regulatory Status:

      Regulated
    • Customer Service Email Address:

      clientsupports@octafx.eu
    • Customer Service Phone Number:

      +357 25 251 973
    • Company summary

      BasicInformation&RegulatorsofOTCAFXOctaMarketswasestablishedin2017withtheaimofdevelopingintoareputable,reliable,fair,andtransparentforextrader.OctaMarketswasauthorizedandregulatedbytheCyprusSecuritiesandExchangeCommissionin2018(licensenumber:372/18).SafetyAnalysisofOTCAFXOctaMarketsholdsafulllicensefromCySEC,aregulatorybodythatregulatesforexfairlystrictly,andtherefore,acertainlevelofsecuritycanbeensured.Moreover,thetraderhasinitiatedanegativebalanceprotectionpolicyforeachaccount,whichcompletelyseparatestheclient'sfundsfromthebroker'soperatingfundstoprotectthesafetyoftheclient'sfunds.MarketInstrumentsOctaMarketsoffersinvestorsthemostpopulartradableinstrumentsonthefinancialmarkets,mainlyspotForex,CFDsonstockindices,CFDsonspotmetals,CFDsoncommodities.Leverage&AccountofOTCAFXOctaMarketsofferstwodifferentaccounttypesforconservativeandaggressivetraders:MetaTrader5accountandcTraderaccount.Themaximumleverageoftheaccountissetaccordingtotheamountofmoneydepositedbythetrader'sregistration.Themaximumdefaultleverageis1:20formajorcurrencypairs,1:20forminorcurrencypairs,goldandmajorindices,and1:10forcommoditiesotherthangoldandnon-majorstockindices.Spreads&CommissionFeesofOTCAFXTheminimumspreadforEURUSDis0.4pips,forGBPUSD0.5pips,andforEURGBP0.6pips.Theminimumspreadforspotgoldis0.8pips,andforspotsilveris1.0pips.TheminimumspreadforMetaTrader5accountsstartsfrom0.3pips,andnocommissionischargedforForexandpreciousmetalstrading.cTraderaccountshaveaminimumspreadof0.0pips,andacommissionischargedfortrading,whichincludestheopeningfeeforonesideandtheclosingfeefortheotherside.ThereisnoSWAPforbothaccounts.ThetradingcommissiononthecTraderPlatformconsistsofasidechargefortheopeningofthepositionandanothersidechargefortheclosureofthetrade.TradingPlatformAppliedofOTCAFXOctaMarketsprovidestraderswithtwomarket-leadingandhigh-performancetradingsoftwarepackages:MT5andcTrader5.MT5isthelatestversionofthemultifunctionaltradingplatformwithapowerfultradingsystemthatsupportsvariousordertypes,includingmarkets,pendingorders,andstoporders,andsupportsdesktop,web,Android,andiOSversions.cTrader5featuressecondaryquotes,servertracking,stops,cloudservicestokeepallaccountsandtemplatesinoneplace,one-clicktrading,andadvancedchartingfeatures.Tradershavetheflexibilitytochoosethetradingsoftwareaccordingtotheirneeds.Deposit&WithdrawalofOTCAFXOctaMarketsCyprusLtddoesnotchargeitsclientsanyfees.Moreover,depositandwithdrawalfeesappliedbythirdpartiesarealsocoveredbythebrokerOctaMarketssupportswiretransferswithaminimumamountof50Euros,whichcanbereceivedwithin3to7businessdays. About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    WikiFX Risk Alerts

    Previous Detection: 2021.09.18 Risk: 1 Item

    • The number of the complaints received by WikiFX have reached 18 for this broker in the past 3 months, please be aware of the risk and the potential scam!

    WikiFX Verification

    • Exhibition Area

    • Survey

    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    • Time Machine

    • Score

    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

      Expiry Date :

      --
    • Address of Licensed Institution :

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

      Phone Number of Licensed Institution :

      35725251973
    • Licensed Institution Certified Documents :

      OctaFX CySEC监管截图 View Certified Documents

    OCTAFX · MT4/5

    Identification Result

      OCTAFX · Website

      Most visited countries/areas

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          OCTAFX· Genealogy

          OCTAFX · Clones

          OCTAFX · Market Analysis

          The data are from WIKI Research    2021.09.18 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          Continue
          OCTAFX · Survey×

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          OCTAFX

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          OCTAFX · Chart
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          Data Sources WikiResearch 2021.09.18 Update

          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
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          Submit successfully!

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

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          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.