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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Octa

Cyprus|5-10 years|
Market Making(MM)|High potential risk|

https://www.octafx.eu/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

OctaFX-Demo

Belgium
MT4
63

Influence

C

Influence index NO.1

Colombia 3.93
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

63
Server Name
OctaFX-Demo MT4
Server Location Belgium

Influence

Influence

C

Influence index NO.1

Colombia 3.93

Surpassed 62.20% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 25 251 973
support@octafx.com
https://www.octafx.eu/
1, Agias Zonis and Thessalonikis Corner, Nicolaou Pentadromos Center, Block: B', Office: 201, 3026, Limassol, Cyprus

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

More

Danger

ID BAPPEBTI
2022-02-02

Danger

MY SCM
2020-01-01

Contact number

English

+357 25 251 973

Other ways of contact

Broker Information

More

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2024-11-02
  • The number of the complaints received by WikiFX have reached 105 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Octa · WikiFX Survey
Danger A Visit to OCTAFX in Cyprus – No Office Found
Cyprus

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Octa · Company Summary

Company Summary

Company profile

Basic Information & Regulators of OctaFX

OctaFX is regulated under Octa Markets limited in St. Vincent and the Grenadines (SVG) and Octa Markets Cyprus Limited in Cyprus.

European clients will choose the broker’s EU entity, whereas international clients are served from OctaFX’s entity in Saint Vincent and The Grenadines (SVG). In Cyprus, it is duly recognized and licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 372/18 and registration number HE359992.

 

Offering of Investments

The amount of instruments has increased:

Tradeable Symbols (Total). WAS—80. NOW—230 including:

CFDs on stocks: 150 (NEW) Reference

Forex Pairs (Total): 35

Gold and silver

3 energies

10 indices

30 cryptocurrencies

 

Here is a list of important financial assets available at OctaFX.

Forex: EURUSD, GBPUSD, GBPJPY, USDJPY, USDCHF, AUD/USD.

Stock Indices: AUS200, UK100, FRA40, JPN 225,GER30, ESP35, EUSTX50, US30,NAS100,SPX500

Cryptocurrencies: Bitcoin, Bitcoin Cash, Binance, Ethereum, Ethereum Classic, Polkadot, Litecoin, Solana, Dogecoin.

Metals/CommoditiesGold XAGUSD, Silver XAUUSD

CFDs on stocks: Apple, Google, Amazon, Tesla, Wallmart, Nvidia etc.

Energy: XBRUSD, XTIUSD, XNGUSD

 

Commissions and Fees

We now offer OctaFX MT4 and OctaFX MT5 (which used to be MT4 Micro и MT5 Pro).

We no longer offer cTrader.

Spreads are now equal on OctaFX MT4 and OctaFX MT5.Typical spread on EUR/USD is 0.7 pips on both types.

OctaFX MT5 has 230 instruments. OctaFX MT4 has 74 instruments.

Average Spread EUR/USD - 0.7 pips

All accounts on OctaFX are swap-free—we don’t charge an overnight fee from traders.


OctaReview Summary
Founded2011-07-28
Registered Country/RegionCyprus
RegulationUnregulated
Market InstrumentsCurrency Pairs, Commodities, Indices, and CFDs on crypto pairs
Demo Account
LeverageNot mentioned
SpreadNot mentioned
Trading PlatformOctaTrader(Desktop and Android)
Min Deposit50 EUR
Customer SupportEmail:clientsupport@octaeu.commarketing@octaeu.com
Social Media: Facebook, Twitter, etc.

Octa Information

Octa is a broker that provides various tradable instruments, including currency pairs, commodities, indices, and CFDs on crypto pairs. Traders can use a built-in trading platform. Octa launched a demo and real account with a minimum deposit of 50 EUR.

Octa Information

Pros and Cons

Pros Cons
RegulatedUnclear leverage and spread information
Demo availableNo 24/7 customer support
Swap freeMT4/MT5 unavailable
Various instruments: currency pairs, commodities, etc.

Is Octa Legit?

CYSEC regulates Octa. However, being regulated does not mean there are no risks. Several traders from this broker have reported that Octa has difficulty withdrawing funds.

Is Octa Legit?
Is Octa Legit?

What Can I Trade in Octa?

Octa launched currency pairs, commodities, indices, and CFDs on crypto pairs. Commodities include gold, silver, crude oil, and gas.

Tradable Instruments Supported
Currency pairs
Commodities
Indices
CFDs on crypto pairs
Shares
ETFs
Bonds
Mutual Funds
What Can I Trade in Octa?
What Can I Trade in Octa?

OctaType

Octa provides real and demo accounts. Demo accounts can simulate CDF trading with no real funds.

Account Type supported
Demo account
Real account
OctaType

Octa Fees

The spread is not mentioned, the commission is a three-day fee and the swaps are free.

Octa Fees

Leverage

The maximum leverage of Currency pairs is 1:30, the leverage range of Commodities products is 1:10 to 1:20, and the maximum leverage of the index is 1:20.

Trading Platform

Octa has a built-in proprietary trading platform - OctaTrader, which supports the Android version

Trading PlatformSupported Available Devices
OctaTraderDesktop and Android
Trading Platform
Trading Platform
Trading Platform

Deposit and Withdrawal

The minimum deposit is 50 EUR. Investors can deposit momentarily via Visa, Mastercard, local banks, and Skrill, and bank account transfers within a week.

Deposit and Withdrawal

Customer Support Options

Octa provides email instead of phone contact, which will result in traders being unable to deal with emergencies on time. Following Octa can also via Facebook, Twitter, etc.

Contact Options Details
Email clientsupport@octaeu.commarketing@octaeu.com
Social Media Facebook, Twitter, etc.
Supported Language English
Website Language English
Physical Address 1 Agias Zonis and Thessalonikis Corner, Nicolaou PentadromosCenter, Block: B', Office: 201,3026, Limassol, Cyprus
Customer Support Options
Customer Support Options

News

Octa Announces Spreads Reduction During U.S. Presidential Election

NewsOcta Announces Spreads Reduction During U.S. Presidential Election

2024-10-21 14:02

Octa offers reduced spreads during the US election, helping traders capitalize on market volatility. From Oct 15 to Nov 15, enjoy lower costs on major indexes to boost profits.

WikiFX
2024-10-21 14:02
News
Octa Announces Spreads Reduction During U.S. Presidential Election
OctaFX Denies Allegations After India Seizes $9.6 Million

ExposureOctaFX Denies Allegations After India Seizes $9.6 Million

2024-08-07 16:30

OctaFX denies claims of false promises after Indian authorities seized $9.6 million, emphasizing their commitment to transparent and educated Forex trading practices

WikiFX
2024-08-07 16:30
Exposure
OctaFX Denies Allegations After India Seizes $9.6 Million
ED Raids OctaFx in Fraud Case, Seizes Rs 80 Crore

ExposureED Raids OctaFx in Fraud Case, Seizes Rs 80 Crore

2024-07-25 15:42

ED raids forex trading platform OctaFx in a massive fraud case, seizing over Rs 80 crore in assets. Investigations reveal extensive money laundering.

WikiFX
2024-07-25 15:42
Exposure
ED Raids OctaFx in Fraud Case, Seizes Rs 80 Crore
Indian authorities accuse OctaFX, broker denies

ExposureIndian authorities accuse OctaFX, broker denies

2024-04-26 13:44

OctaFX, a well-known brokerage firm, has recently come under charges of money laundering and chart manipulation by Indian authorities. The company denied the accusations and said the allegations are baseless.

WikiFX
2024-04-26 13:44
Exposure
Indian authorities accuse OctaFX, broker denies

Review 199

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※ 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;
License or other information error corrections, please send the information to:qawikifx@gmail.com
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