OctoFinance Comments

In this section we will analyze the broker OctoFinance (also called octofinance.io), is a Forex and CFD broker. Is OctoFinance 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. ✅

➡️ In this section you can find: opinions about OctoFinance ✅, claims eexperiences , ananalysis 📊 of the most important characteristics of this company (updated 2021), and most importantly: Is it OctoFinance ⚠️ a safe broker? Can we trust this company? Will we be able to withdraw our money? All this and more in this review on this investment company.

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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: Widdershins Group Limited.

 

✅ Regarding its location, the broker mentions being based in: Dominica.

 

✅ 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 brokerit's very risky, don't take that risk. 📌

If now we go on to analyze account types offered by OctoFinance, we noticed that it offers 5 different types of account / plans: Mini Account, Standard Account, Trader Account, Gold Account and VIP Account. We will leave you an image with a little information about each type of account.

Mini Account: minimum initial deposit of $ 250, +50 instruments, standard spread 1.8 pips, leverage up to 1: 200, minimum trade 0.01 lots, maximum trade 15 lots.

Standard Account: minimum initial deposit of $ 1.500, +100 instruments, standard spread 1.8 pips, leverage up to 1: 160, minimum trade 0.01 lots, maximum trade 15 lots, 10% welcome bonus, 5% upgrade bonus.

Trader Account: minimum initial deposit of $ 10.000, +150 instruments, standard spread 1 pips, leverage up to 1: 120, 24/5 signal platform, minimum trade 0.01 lots, maximum trade 20 lots, 15% welcome bonus, 10% upgrade bonus.

Gold Account: minimum initial deposit of $ 30.000, +250 instruments, standard spread 0.7 pips, leverage up to 1: 100, 24/5 signal platform, minimum trade 0.01 lots, maximum trade 25 lots, 20% welcome bonus, 15% upgrade bonus.

VIP account: minimum initial deposit of $ 60.000, +250 instruments, standard spread 0.4 pips, leverage up to 1: 40, 24/5 signal platform, minimum trade 0.01 lots, maximum trade 30 lots, 25% welcome bonus, 20% upgrade bonus.

OctoFinance account types
OctoFinance 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.

La platform to operate that OctoFinance offers is: own platform (OctoTrader).

We will now analyze the different resources and aids for traders that OctoFinance 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.

OctoFinance website
OctoFinance website

OctoFinance provides the following aids or resources to traders or stakeholders: information and explanations of basic concepts, FAQ section, really not much more than this.

 

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| Other information about OctoFinance |

 

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

Website: octofinance.io

Phone number: does not have.

Email address: [email protected]

You might be wondering why we did a review on OctoFinance. 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, providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.

>>> Assessment on OctoFinance <<

 

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

 

Seeing all this, we recommend caution, because: it is an unregulated broker based in a very unsafe country to invest in (Dominica), when looking for reviews about OctoFinance we have seen numerous negative reviews that warn about this broker. We suggest using caution.

 

⛔ Attention ⛔ : the broker OctoFinance, together with the brokers 24FinTime, AdamantFX, AssetGroup, CFBroker, Finlay, SpaceMarket, SupraTrade y TopTradeGroup They belong to the infamous Widdershins Group Ltd., a company with a terrible reputation, many complaints, and which has already been accused of scam by European regulators.

WE SUGGEST EXTREME CAUTION ⛔

 

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 OctoFinance? What has been your experience?

 

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4 comments on «OctoFinance: Rating and Comments»

  1. Sandro Reply

    They are able to place advertisements on sites known in Brazil as infomoney and Globo .com or that they offer more credibility and disposal jeito get more pessoas !!!! How can you know sites to see these ads !!!

    • Recommended brokers.com Reply

      Hello Sandro, they are not regulated, IF YOU LOOK ON THE WEBSITE OF THE FCA (FINANCIAL CONDUCT AUTHORITY of the United Kingdom) and write OctoFinance or the number 10354299 you cannot find them: https://register.fca.org.uk/s/search?q=OctoFinance&type=Companies
      Do not believe anything they tell you, they are liars and manipulators, they will do whatever it takes to get YOUR MONEY, your advisor will take a commission from everything you invest, and then they make operations so that you lose everything and they stay YOUR MONEY.

      OctoFinance is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money 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 give you back your money, or the one you started, or 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: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  2. Mercedes villalobos Reply

    I received information from OctoFinance. It is an IMAGE in which the Financial Conduct Authority is: FSCS and Bank of England (Prudential Regulation Authority). License No. 10354299. It says: OctoFinance is registered and licensed under the name Adamantean As An International Brokerage Company in terms of section 8 of the Financial Conduct Authority and Financial Services Compensation Scheme Act, 2002 (act. No. 37 of 2002). It has a stamp and a QR code. Can you tell me if this information is true, that is, if it is regulated. Thanks

    • Recommended Brokers Reply

      Hello Mercedes, if they were regulated I would put it on your website and DO NOT PUT IT, IF YOU SEARCH ON THE FCA WEBSITE (FINANCIAL CONDUCT AUTHORITY of the United Kingdom) and you write OctoFinance or the number 10354299 you cannot find them: https://register.fca.org.uk/s/search?q=OctoFinance&type=Companies
      Do not believe anything they tell you, they are liars and manipulators, they will do whatever it takes to get YOUR MONEY, your advisor will take a commission from everything you invest, and then they make operations so that you lose everything and they stay YOUR MONEY. OctoFinance 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, or the one you started, or 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/

      regards

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