✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will tell you why You should NOT invest in OctoFinance. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about OctoFinance and we will tell you why we reached such a conclusion:
Basic Information
| 🌐 Website | octofinance.io |
| 🏠 Company | Widdershins Group Limited |
| ️ Regulatory | Not regulated |
| [email protected] | |
| 📈 Leading | MT4 |
| 📌 Location | Dominica |
⚠️ OctoFinance is owned by Widdershins Group Limited, the company is located in Dominica, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. ⚠️
Account types
Now we will analyze the types of accounts offered by OctoFinance, in this case, we observe that it offers 5 different types of accounts:
| Account type | Minimum initial deposit |
| Mini | $250 |
| Standard | $1.500 |
| Trader | $10.000 |
| Gold | $30.000 |
| VIP | $60.000 |
Information on the web
OctoFinance provides a basic explanation of the financial products it offers, market news and analysis, economic calendar, asset calculator, really not much more than this.
List of phone numbers
At the moment we have not found phone numbers.
🚫 OctoFinance Final Valuation 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH OctoFinance.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
Updates
News about OctoFinance:
| Date | Update – news |
|---|---|
| November 2022 | OctoFinance, together with the brokers 24fintime, AdamantFX, AssetGroup, CF Broker, finlay, SpaceMarket, SupraTrade y TopTradeGroup they belong to Widdershins Group Ltd., a company with a lousy reputation, many complaints, and which has already been accused of fraud by European regulators. |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with OctoFinance.
At the end of the review you will find customer comments.
How to Claim Money Scammed by OctoFinance
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report OctoFinance
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
FAQs
How can I report OctoFinance?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is OctoFinance a scam – is it a scam?
Yes. We believe that OctoFinance is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is OctoFinance trustworthy?
No. OctoFinance is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from OctoFinance?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to OctoFinance?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
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 !!!
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.
Octofinance scammed me and a friend. Beware of those bandits.
Luis Antonio, if you want to get your money back, go to our chat or check the form at this link: CLAIM YOUR MONEY
Greetings.
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
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: CLAIM YOUR MONEY, WE HELP YOU
regards