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    OCTAFX

    • Cyprus Cyprus
    • 2-5 years
    • Regulated in Cyprus
    • Market Making(MM)
    • MT4/5 full license
    • Regional Brokers
    Open Account
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    EA VPS

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

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    Broker Information

    Company Name

    Octa Markets Cyprus Ltd.

    Phone of the company

    35725251973

    Company website
    https://www.octafx.eu/
    Customer Service Email Address

    clientsupports@octafx.eu

    Company address

    1, Agias Zonis and Thessalonikis Corner, Nicolaou Pentadromos Center, Block: B', Office: 201, 3026, Limassol, Cyprus

    Information abstracts
    Pyramid scheme complaint
    Expose

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    WikiFX Risk Alerts 1
    2022.01.27

    The number of the complaints received by WikiFX have reached 20 for this broker in the past 3 months, please be aware of the risk and the potential scam!

    • Account
    • Funding
    Comparison
    MT5 Download
    • CTRADER
    • MetaTrader5
    • Benchmark --
    • Maximum Leverage --
    • Minimum Deposit 100 EUR
    • Minimum spread lowest at 0 pips
    • Products 28 currency pairs + gold and silver
    • Currency --
    • Benchmark --
    • Maximum Leverage --
    • Minimum Deposit 100 EUR
    • Minimum spread lowest at 0.3 pips
    • Products 28 Currency pairs + 2 metals + 2 energies + 10 indices
    • Currency --
    • Currency --
    • Minimum position 0.01 lot
    • EA supported
    • Depositing Method (3+) Skrill MASTER VISA
    • Withdrawal Method --
    • Commission --
    • Currency --
    • Minimum position 0.01 lot
    • Depositing Method (3+) Skrill MASTER VISA
    • Withdrawal Method --
    • Commission --
    Brokers OctaFX Releases List of Top 2021 Events that Affected the Financial Market

    The year 2021 was packed with exciting developments and meaningful circumstances in world affairs—its economy, politics, and policies—impacting the financial sector as a whole. With the help of its analytics team, the international Forex broker OctaFX compiled a basic rundown to deliver some of the more critical, vital events which it deemed especially important.

    WikiFX
    2022/1/24 3:16:57
    OctaFX Releases List of Top 2021 Events that Affected the Financial Market
    Brokers OctaFX Copytrading redesigns its copying settings

    OctaFX Copytrading is a popular service that allows its customers to profit by copying orders from professional traders, also known as Master Traders. The service recently introduced major changes to its copying settings—users can now copy the Master Traders’ orders in equal, double, triple, or any other desired volume.

    WikiFX
    2022/1/12 8:41:52
    OctaFX Copytrading redesigns its copying settings
    Brokers Twice in a Row: OctaFX Is Awarded 2021’s ‘Best Forex Copy Trading Platform’

    After having received the same honours last year, international Forex broker OctaFX managed to impress the international guide to Forex trading, FxScouts, once again.

    WikiFX
    2021/12/30 9:28:40
    Twice in a Row: OctaFX Is Awarded 2021’s ‘Best Forex Copy Trading Platform’

    OCTAFX

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    Cyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission (CYSEC)

    The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.

    • Licensed Institution :

      Octa Markets Cyprus Ltd

      Effective Date :

      2018-12-10
    • Email Address of Licensed Institution :

      info@octafx.eu

      License Type:

      No Sharing
    • Website of Licensed Institution :

      www.octafx.eu,www.octamarkets.eu,www.de.octafx.eu,www.bg.octafx.eu,www.hr.octafx.eu,www.cz.octafx.eu,www.dk.octafx.eu,www.ee.octafx.eu,www.fi.octafx.eu,www.fr.octafx.eu,www.gr.octafx.eu,www.is.octafx.eu,www.it.octafx.eu,www.lv.octafx.eu,www.lt.octafx.eu,www.mt.octafx.eu,www.nl.octafx.eu,www.no.octafx.eu,www.pl.octafx.eu,www.pt.octafx.eu,www.ro.octafx.eu,www.sk.octafx.eu,www.si.octafx.eu,www.es.octafx.eu

      Expiry Date :

      --
    • Address of Licensed Institution :

      STrovolou 47, KYROS TOWER, 5Th Floor, Nicosia 2018

      Phone Number of Licensed Institution :

      35725251973
    • Licensed Institution Certified Documents :

      Annex1 Annex2

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    OCTAFX

    1.pngWikiFX only provides the legal URL of the platform published by the regulatory website.

    1.pngWikiFX will not disclose your personal information to third parties.

    1.pngIn order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.

    1.pngThe use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    OCTAFX
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    OCTAFX · Company summary

      Basic Information & Regulators of OTCAFX

      Octa Markets was established in 2017 with the aim of developing into a reputable, reliable, fair, and transparent forex trader. Octa Markets was authorized and regulated by the Cyprus Securities and Exchange Commission in 2018 (license number: 372/18).

      Safety Analysis of OTCAFX

      Octa Markets holds a full license from CySEC, a regulatory body that regulates forex fairly strictly, and therefore, a certain level of security can be ensured. Moreover, the trader has initiated a negative balance protection policy for each account, which completely separates the client's funds from the broker's operating funds to protect the safety of the client's funds.

      Market Instruments

      Octa Markets offers investors the most popular tradable instruments on the financial markets, mainly spot Forex, CFDs on stock indices, CFDs on spot metals, CFDs on commodities.

      Leverage & Account of OTCAFX

      Octa Markets offers two different account types for conservative and aggressive traders: MetaTrader5 account and cTrader account. The maximum leverage of the account is set according to the amount of money deposited by the trader's registration. The maximum default leverage is 1:20 for major currency pairs, 1:20 for minor currency pairs, gold and major indices, and 1:10 for commodities other than gold and non-major stock indices.

      Spreads & Commission Fees of OTCAFX

      The minimum spread for EURUSD is 0.4 pips, for GBPUSD 0.5 pips, and for EURGBP 0.6 pips. The minimum spread for spot gold is 0.8 pips, and for spot silver is 1.0 pips. The minimum spread for MetaTrader5 accounts starts from 0.3 pips, and no commission is charged for Forex and precious metals trading. cTrader accounts have a minimum spread of 0.0 pips, and a commission is charged for trading, which includes the opening fee for one side and the closing fee for the other side. There is no SWAP for both accounts. The trading commission on the cTrader Platform consists of a side charge for the opening of the position and another side charge for the closure of the trade.

      Trading Platform Applied of OTCAFX

      Octa Markets provides traders with two market-leading and high-performance trading software packages: MT5 and cTrader5. MT5 is the latest version of the multifunctional trading platform with a powerful trading system that supports various order types, including markets, pending orders, and stop orders, and supports desktop, web, Android, and iOS versions. cTrader5 features secondary quotes, server tracking, stops, cloud services to keep all accounts and templates in one place, one-click trading, and advanced charting features. Traders have the flexibility to choose the trading software according to their needs.

      Deposit & Withdrawal of OTCAFX

      Octa Markets Cyprus Ltd does not charge its clients any fees. Moreover, deposit and withdrawal fees applied by third parties are also covered by the broker Octa Markets supports wire transfers with a minimum amount of 50 Euros, which can be received within 3 to 7 business days.


    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.