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Abstract:A raffle that OctaFX makes to recover from the case against ED and RBI recently.
The ED (Enforcement Directorate) recently froze all the bank accounts of Forex brokers who are not authorized to deal in Forex and operate online trading platforms in the said country, including OctaFX (FEMA), due to the case of Illegal Online Forex Trading through International Brokers under the Foreign Exchange Management Act. The complaint involves 34 firms, including Alpari, Hot Forex, Olymp Trade, and others.
WikiFX has been monitoring the activities conducted by OctaFX especially in India due to the recent case
The whole report is available here: https://www.wikifx.com/en/newsdetail/202209303394404349.html
OctaFX, a Forex broker, conducted a campaign to greet the people of India on Diwali. According to its official website, 20 scooters will be given away to the fortunate winners.
Here are the mechanics for joining the raffle:
Create an account on the broker
Trade and collect raffle tickets until 4 November
Win prizes and make yourself happy
Additional Mechanics
Every three lots you trade grant you a raffle ticket.
The more lots you trade, the more raffle tickets you collect.
Note:
This is just to let Indian traders know that OctaFX is being sued by the Indian government and is a defendant in the case.
Make sure you have all of the answers you need before investing money in the platform, otherwise your money will be squandered. You can talk to the local financial authorities to get the most up-to-date information on the situation.
More information on OctaFX may be found at https://www.wikifx.com/en/dealer/8426481202.html.
Keep an eye out for more Forex broker news.
To remain up to speed on the latest news, download the WikiFX App from the App Store or Google Play Store.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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