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    OctaFX

    OctaFX

    United States
    2-5 years Scam Brokers Suspicious Regulatory License MT4/5 full license Global Business
    Expose
    Score
    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9
    10
    License 0.00
    Risk Manag 0.00
    Software Index 9.07
    Business 6.67
    Regulatory 0.00
    Company Abbreviation

    OctaFX

    Registered region

    OctaFX United States

    Company Name

    OctaFX

    Company address

    --

    Website

    https://www.octafx.com/

    https://www.octafx.com/contact-us/

    Cyprus Securities and Exchange Commission
    CYSEC Suspicious Clone

    Market Making(MM)

    Trading Information

    Benchmark AA
    Maximum Leverage Up to 1:500 for currencies 1:200 for metals
    Minimum Deposit 100 USD
    Minimum spread Floating, starting at 0 pips
    Products 28 currency pairs + gold and silver
    Minimum position 0.01 lot
    Currency --
    Cryptocurrency --
    EA supported EA supported
    Depositing Method (5+) Skrill
    Withdrawal Method (3+) VISA
    Commission --

    Broker Information

    Customer Service Phone Number

    +44 20 3322 1059

    Customer Service Email Address

    --

    Company summary More
    Let me correct the erro.
    Pyramid scheme complaint
    Expose

    Check whenever you want

    Download App for complete information

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    Warning: This platform is a Ponzi Scheme. Please stay away!
    4
    2021.11.28
    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.
    EA VPS

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

    Single Core

    1G

    40G

    $ 0.99/month
    Open immediately

    Benchmark

    Trading environment rating source: real trading data of 95,102 WikiFX VPS users

    AA
    Average transaction speed(Millisecond)
    Statistics on the time taken from the submission of an order to its execution by the server among orders. The smaller the value the better for the investor.
    356.9
    The fastest transaction speed(Millisecond)
    Statistics on the minimum time taken from order submission to server execution among orders.
    63
    Average disconnection frequency(Times/day)
    The average number of automatic disconnections of the trading software per day. The smaller the value, the more stable the trading server is.
    0.2
    Average reconnection time(Millisecond)
    The average time for the trading software to reconnect automatically if disconnection occurs. Smaller value indicates faster reconnection
    27.5
    Average trading slippage
    The difference between the requested price of a trade and the price at which the trade is executed.Negative slippage is beneficial to the investor, positive slippage is the opposite.
    4.8
    Maximum transaction slippage
    Counting the maximum slippage in an order
    18
    Average transaction cost
    Statistics on the sum of the average spread and commission cost for 1 lot of mainstream currency trading. The smaller the value the better for the investor.
    EURUSD 8.1USD/lot
    XAUUSD 28.05USD/lot
    Average Rollover Cost
    Statistics on the average rollover cost for 1 lot of mainstream currency trading (rollover fees for long orders, rollover fees for short orders). The investor's cost is lower
    EURUSD Long: -1.03USD/lot Short: -0.64USD/lot
    XAUUSD Long: -2.49USD/lot Short: -1.7USD/lot
    Unable to withdraw Unable to withdraw
    I deposited 150,000 pesos and started investment on this platform. But they rejected my withdrawal of $5,000 and the customer service did not reply. Please help.
    FXWKVugi6163

    2021/10/10 22:25:56

    Unable to withdraw They are a fraud company.
    I was contacted by OctaFX after I responded to there promotions that I saw on Facebook. They asked me to open up an account with $500 and then another person called me every night at the same time to give me “training” on how to trade via software that was down loaded onto my PC. I make trade on 3 Months but when I request for withdrawals they refused it and rejected my requests.
    FXXTLpyn9582

    2021/9/23 13:49:53

    Others Octafx not crediting my deposit from two weeks
    Hi my name is Syed usman Shah. I am trading on octafx from more than 6 months. On april 12 i deposited Rs40000 which is equivalent to $261 but they have added only 32.75$ which is only Rs5000 i told this issue to support many time they always says our finance team is working on this issue and As soon As possible the will resolve this issue but they haven't able to resolve it so finally i came here after contacting many time to support but they are unable to solve my issue.
    FXNXCnfd8928

    2021/9/21 22:30:22

    Unable to withdraw unable to withdraw
    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

    2021/9/20 11:04:48

    Unable to withdraw octafx copytrading am unable to withdraw they wm
    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

    2021/9/20 1:05:26

    Unable to withdraw Do not believed the sweet words of a Scammer.
    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

    2021/9/19 9:43:23

    Scam This OctaFX is Fake!
    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

    2021/9/18 15:02:34

    Unable to withdraw made a withdrawal but didnt get paid
    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

    2021/9/18 14:11:16

    • Delivery Index
    • Mkt. Analysis
    • Material
    • Ad Brand
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    OctaFX · MT4/5
    Identification Result MT4/5 full license
    The formal brokers with MT4/5 full license offer complete system service and follow-up technical support. In general, their businesses and techniques are relatively mature and the risk management abilities are much stronger.
    OctaFX-Real2
    MT4
    Server Name
    OctaFX-Real2
    Most visited countries/areas
    Hong Kong
    OctaFX-Real3
    MT4
    Server Name
    OctaFX-Real3
    Most visited countries/areas
    Netherlands
    OctaFX-Real4
    MT4
    Server Name
    OctaFX-Real4
    Most visited countries/areas
    United States
    OctaFX-Real5
    MT4
    Server Name
    OctaFX-Real5
    Most visited countries/areas
    India
    OctaFX-Real6
    MT4
    Server Name
    OctaFX-Real6
    Most visited countries/areas
    Hong Kong
    OctaFX-Demo
    MT4
    Server Name
    OctaFX-Demo
    Most visited countries/areas
    United States
    OctaFX-Real
    MT4
    Server Name
    OctaFX-Real
    Most visited countries/areas
    United States
    OctaFX-Demo
    MT5
    Server Name
    OctaFX-Demo
    Most visited countries/areas
    United Kingdom
    OctaFX · Website

    Most visited countries/areas

    Sri Lanka Kenya Algeria
    octafx.com
    Server Location
    United States
    Most visited countries/areas
    Sri Lanka
    Website Domain Name
    octafx.com
    ICP registration
    --
    Domain Effective Date
    0001-01-01
    Server IP
    23.251.139.94
    Website
    --
    Company
    --
    octafx.com.my
    Server Location
    United States
    Most visited countries/areas
    --
    Website Domain Name
    octafx.com.my
    ICP registration
    --
    Domain Effective Date
    --
    Server IP
    35.190.214.48
    Website
    --
    Company
    --
    octafx.forex
    Server Location
    United States
    Most visited countries/areas
    --
    Website Domain Name
    octafx.forex
    ICP registration
    --
    Domain Effective Date
    --
    Server IP
    35.190.214.48
    Website
    --
    Company
    --
    octajava.net
    Server Location
    United States
    Most visited countries/areas
    --
    Website Domain Name
    octajava.net
    ICP registration
    --
    Domain Effective Date
    --
    Server IP
    35.190.214.48
    Website
    --
    Company
    --

    OctaFX

    Free CompensationMore details

    Please download WikiFX APP

    Scan to Download

    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 :

      OctaFX CySEC监管截图 View Certified Documents OctaFX-Cysec牌照211018 View Certified Documents

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    OctaFX

    1.pngWikiFX only provides the legal URL of the platform published by the regulatory website.

    1.pngWikiFX will not disclose your personal information to third parties.

    1.pngIn order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.

    1.pngThe use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.

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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

      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.

    image.png

      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.

    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.