➡️ In this section we will analyze OctoFinance (also called with the name: octofinance.io), It's about a Forex and CFD broker. Is OctoFinance really recommended to make an investment? Is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it. ✅
Now, you can find the following: opinions about OctoFinance ✅, claims, complaints, experiences, analysis of the most important characteristics of this company (updated 2022), and most importantly: Is OctoFinance a safe site? ⛔ Can we trust this company? ✅ Will we be able to withdraw our money? All this and more in this review about this investment company.
️️ Essential information: Who does it belong to? Where is located? Is it a regulated broker?
- ❌ OctoFinance mentions being part of Widdershins Group Limited.
- ❌ Regarding your location, the company is based in Dominica according to the website, although there is no valid information to corroborate this, we believe that it is a false data.
- ❌ If we analyze your security, we note that OctoFinance does not mention any regulation.
⚠ ATTENTION: OctoFinance is a broker NOT REGULATED. ⚠
📌 Remember: the best option (and the safest) are the regulated brokers, as they must meet very strict requirements. Working with an unregulated broker is very risky. 📌
Account types | Investment platform
Now we go on to analyze the types of account offered by OctoFinanceIn this case, we observe that it offers 5 different types 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.
La platform to operate that OctoFinance uses is: own platform (OctoTrader).
Resources | Website
Here we will examine the different resources and aids for the trader that OctoFinance provides on its website. We believe that the resources and help provided on the website can be a great advantage for the broker.
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.
ℹ Another information about OctoFinance ℹ
🔻 We will leave you some more information in case you want to contact the company, or see its website for yourself. 🔻
- 🌏 Website: octofinance.io
- 📞 Telephone number: does not have
- 📧 Email: [email protected]
Maybe you wonder why we review OctoFinance. We make this review and assessment, because we receive different messages and comments asking for the reliability of the company in question. We like to think that our reviews page help investors, providing key information about the company, we disclose information that every investor should know before you are inclined or not, by investing with a company of investment.
You're a representative of this company? We recommend you leave a comment responding to customer concerns.
Valuation on OctoFinance
Ending this section, in our opinion: do we believe that the OctoFinance company is reliable? Should you invest your money with the company? Are they a recommended company? ⭐ 2022 analysis ⭐
❌ After having examined it, we advise you to exercise caution, since it is an illegal company, clearly established to take money from people through tricks and traps. It is not very transparent, since it does not offer legal information, it does not show data about its registration and it also lacks regulation (unregulated company). ❌
⚠ A pocas palabras: doesn't seem like a good idea we suggest to be careful. ⚠
ATTENTION!: the broker OctoFinance, together with the brokers 24FinTime, AdamantFX, AssetGroup, CF Broker, finlay, SpaceMarket, SupraTrade y TopTradeGroup they belong to the infamous Widdershins Group Ltd., a company with a terrible reputation, many complaints, and has already been accused of fraud by European regulators. ⛔ WE SUGGEST EXTREME CAUTION ⛔
Our advice: we always recommend working only with duly 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? Why invest with an unregulated or poorly regulated broker, when you can invest with a broker regulated by a serious regulator?
📌 Don't forget: one of the few measures that assure customers' money is the broker regulationIn other words, it is probably the most important feature of any broker; HAVE GOOD REGULATION. Good regulation means that there is a authority to which, in case of misunderstandings or problems, customers can file a complaint. 📌
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, too leave a comment on our website with your experience with this broker.
🔻🔻 We leave a vote open so that traders, clients and users of the broker can vote. 🔻🔻