Score
Octa
Cyprus|5-10 years| https://www.octafx.eu/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
OctaFX-Demo
BelgiumInfluence
C
Influence index NO.1
Colombia 3.93MT4/5 Identification
MT4/5 Identification
Full License
BelgiumInfluence
Influence
C
Influence index NO.1
Colombia 3.93Surpassed 62.20% brokers
Contact
Licenses
Single Core
1G
40G
Disclosure
More
Danger
Danger
Contact number
+357 25 251 973
Other ways of contact
Broker Information
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Octa Markets Cyprus Ltd.
Octa
Cyprus
- https://www.octafx.eu/
- https://www.octafx.com/
- https://www.octaeu.com/
- https://www.octafxidn.online/
- https://www.octafx.services
- https://www.octafx.net
- https://www.octabroker.com
- https://www.octafxmy.net
Pyramid scheme complaint
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- 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
Cyprus| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | 100 EUR |
| Minimum Spread | from 0.3 |
| Products | 28 Currency pairs + 2 metals + 2 energies + 10 indices |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | (3+) Skrill MASTER VISA |
| Withdrawal Method | (3+) VISA Skrill MASTER |
| Commission | No |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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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/Commodities: Gold 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 | |
| Founded | 2011-07-28 |
| Registered Country/Region | Cyprus |
| Regulation | Unregulated |
| Market Instruments | Currency Pairs, Commodities, Indices, and CFDs on crypto pairs |
| Demo Account | ✅ |
| Leverage | Not mentioned |
| Spread | Not mentioned |
| Trading Platform | OctaTrader(Desktop and Android) |
| Min Deposit | 50 EUR |
| Customer Support | Email: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.
Pros and Cons
| Pros | Cons |
| Regulated | Unclear leverage and spread information |
| Demo available | No 24/7 customer support |
| Swap free | MT4/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.
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 | ❌ |
OctaType
Octa provides real and demo accounts. Demo accounts can simulate CDF trading with no real funds.
| Account Type | supported |
| Demo account | ✔ |
| Real account | ✔ |
Octa Fees
The spread is not mentioned, the commission is a three-day fee and the swaps are free.
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 Platform | Supported | Available Devices |
| OctaTrader | ✔ | Desktop and Android |
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.
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 |
| 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 |
News
NewsOcta partnered with "Keeping it Real" Foundation to help Nigerian women
Octa, a well-known broker, partnered with the Keeping It Real Foundation (KIR) to help Nigerian women improve their business skills in celebration of their 13th anniversary.
WikiFXExposureOctaFX Denies Allegations After India Seizes $9.6 Million
OctaFX denies claims of false promises after Indian authorities seized $9.6 million, emphasizing their commitment to transparent and educated Forex trading practices
WikiFXExposureED Raids OctaFx in Fraud Case, Seizes Rs 80 Crore
ED raids forex trading platform OctaFx in a massive fraud case, seizing over Rs 80 crore in assets. Investigations reveal extensive money laundering.
WikiFXExposureIndian authorities accuse OctaFX, broker denies
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.
WikiFXReview 199
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