OctaFX Comments

In this section we will analyze the broker OctaFX (also called octafx.com), is a Forex, Cryptocurrency and CFD broker. Is OctaFX really recommended for making an investment? Or is it better not to invest with this company? ⛔ Is it a safe broker? Is a gotcha? We will help you determine it. ✅

You may be wondering why we did a review on OctaFX. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.

We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.

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We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.

Essential information: Who does it belong to? Where is located? Is it a regulated broker?

✅ The broker mentions being part of: Octa Markets Incorporated.

 

✅ Regarding its location, the broker mentions being based in: Saint Vincent and the Grenadines.

 

✅ If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.

 

📌 Remember: the best (and safest) option are regulated brokersas they must meet very strict requirements. Work with an unregulated broker, it is very risky. 📌

If now we go on to analyze account types offered by OctaFX, we noticed that it offers 3 different types of account / plans: Beginning Traders Account, Experienced Traders Account and Advanced Traders Account. We will leave you an image with a little information about each type of account.

Beginner Traders Account: minimum initial deposit of $ 100, variable spreads from 0.4 pips / fixed from 2 pips, leverage up to 1: 500 (FX), 1: 200 (Metals), 1: 100 (Indices), 1:10 (Cryptocurrencies), minimum trade size 0.01 lots , market execution, fifth decimal place, margin call / stop out level 25% / 15%, hedging, scalping, expert advisors.

Experienced Traders Account: minimum initial deposit of $ 500, variable spreads from 0.2 pips, leverage up to 1: 200 (FX), 1: 100 (Metals), 1:50 (Indices), 1:10 (Cryptocurrencies), minimum trade size 0.01 lots, execution to market, fifth decimal , margin call / stop out level 45% / 30%, coverage, scalping, expert advisors.

Advanced Traders Account: minimum initial deposit of $ 100, variable spreads from 0.4 pips, leverage up to 1: 500 (FX), 1: 200 (Metals), minimum trade size 0.01 lots, execution to market, fifth decimal place, margin call / stop out level 25% / 15%, hedging, scalping, expert advisors.

 

OctaFX account types
OctaFX account types

In the following image you can have more information about the types of account. Click here to see the image in full size.


Las platforms to operate that OctaFX offers are: platforms MT4, MT5 y cTrader.

We will now analyze the different resources and aids for traders that OctaFX provides on its website. We believe that the resources and help provided on the website can be a great point in favor of the broker.

OctaFX website
OctaFX website

OctaFX provides the following aids or resources to traders or interested parties: some live charts, economic calendar, calculators, definition of important concepts, information about the services it offers, really not much more than this.

 

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| Other information about OctaFX |

 

Some more information in case you want to contact the company, or see its website for yourself.

Website: es.octafx.com

Phone number: does not have

Email address: does not have

Telegram: @OctaFX_bot

 

>>> Assessment on OctaFX <<

 

Ending with this section, in our opinion Do we believe that the company OctaFX is trustworthy? Should you invest your money with the company?

 

After analyzing it, we recommend caution, since it is a broker that is not regulated and is located in a very insecure country for this type of actions, in addition, when looking for reviews about OctaFX we find many that are negative and have fun about it broker. We suggest using caution.

 

⛔ Attention ⛔ : in January 2021 FCA (UK) added OctaFX to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the A️ FCA January 2021 warning

 

⛔ Attention ⛔ : in October 2021 BCSC (British Columbia) added OctaFX to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔

➡️ Link to BCSC October 2021 warning ⚠️

 
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?

 

You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.

 

What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.

 

We leave a vote open so that traders, clients and users of the broker can vote.

 

What do you think of OctaFX? What has been your experience?

 

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2 comments on «OctaFX: Rating and Comments»

  1. Leandro Reply

    I started with 500 usd but a few days later they began to ask me for more saying stupid things to convince me, which at that time, it sounded very tempting, now I realize everything I have lost by letting myself go, I hope you can help me

    • Recommended Brokers Reply

      Hi Leandro, thank you for sharing your experience with Octafx. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it. They always try to manipulate you, they will not return your money, neither the initial one nor if you send them later you will not see it anymore, try to claim through our chat.
      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link:
      https://brokersrecomendados.com/reclama-tu-dinero-te-ayudamos/

      Greetings.

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