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The WikiFX Score of this broker is reduced because of too many complaints!

Octa

Cyprus | 5-10 years |
Regulated in Cyprus | Market Maker (MM) | MT4 Full License | Global Business | High potential risk

https://www.octafx.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

OctaFX-Demo

Belgium
MT4
63

Influence

AA

Influence index NO.1

India 8.65
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

63
Server Name
OctaFX-Demo MT4
Server Location Belgium

Influence

Influence

AA

Influence index NO.1

India 8.65
Surpassed 62.40% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+357 25 251 973
support@octafx.com
https://www.octafx.com/
Foti Kolakidi 16, 1st Floor, Agia Zoni, 3031, Limassol, Cyprus

Licenses

Licensed Entity:Octa Markets Cyprus Ltd

License No. 372/18

VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-06-08
  • The number of the complaints received by WikiFX have reached 132 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
3

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
Octa Markets LTD
Abbreviation
Octa
Company employee
--
Customer Service Email Address
support@octafx.com
Contact Number
+35725251973
Company Website
Company address
Foti Kolakidi 16, 1st Floor, Agia Zoni, 3031, Limassol, Cyprus

FX3478476492

Unverified

Singapore

OCTAFX Are SCAMMERS! AVOID THEM AT ALL COSTS! they repeatedly charged me extremely high withdrawal fees, rejected my withdrawal multiple times by forcing me to make more and more trades before I could withdraw my capital in my Octafx account! TOTAL Cheats and OCTAFX CANNOT BE TRUSTED!!!

Exposure

05-11

RAKHI7513

Unverified

India

PLEASE DO NOT OPEN ACCOUNT WITH THEM THEY DO NOT ALLOW WITHDRAWAL OF FUND NO RESPONSE FROM SUPPORT TEAM PLEASE STAY AWAY FROM THEM MULTIPLE WITHDRAWAL REQUESTS NOT PROCESSED BY THEM.

Exposure

04-30

feairus

Unverified

Malaysia

I had deposited money. they took my money.my Bak already deducted my money .I have the evidence.

Exposure

03-01

BhekiSibanda

Unverified

South Africa

For those who don’t have any clue about their reuptation, let me tell you something. This broker is regulated by CySec, one of the most authoritative entities in the world. I trust them 100%!!! Most of all, i like their new AI chart feautre that saves me so much time and I don’t need to analyze anymore on my own. That tool is able to give you the most accurate patterns and support and resistance levels. It showed a triagnle and I made a nice profit.

Positive

Two days ago

teeto

Unverified

United States

Octa is actually a very good all round broker which can operate at the level of other top broker in the industry. Offereing 10s of tradeable instruments with very low spread and fast execution. Pretty impressive for me.

Positive

Three days ago

kween

Unverified

United States

I have to give it up for OCTA, its been 2 years of trading with them on my MT4, and no issues at all. Fast execution speed No lagging Low spread

Positive

Three days ago

SyazwanNasir

Unverified

Malaysia

I depocited around 110$ in my local currency cause I was expecting the 10 to go to fees. SOmehow I got almost exactly 110, so I guess the conversion rate is pretty good here. Only that it took 3 HOURS to arrive, and even longer when i decided to withdraw the money And the bonus... oh it's not 100% like some other brokers, it's just 50 which is a real shame tbh.

Neutral

05-17

FaadiN

Unverified

Singapore

Let’s begin with that octa is a good broker. I’ve been trading with them for 2 years, to prove this fact. But, the ideal one, no I think, is too early to call it with such statements. I liked the conditions- good numbers on leverage, spreads and zero in the graph in swaps graph. Still, something is missing. IDK, maybe some platforms, like tradingview or ctrader, or some pro perks, like super leverage.

Neutral

04-30

DeKang

Unverified

Singapore

Yes, it is a popular platform and it is a no brainer to offer it. However, what matters is that Octa offers MT5 and takes care of good execution and good speed of traders’ actions there. I can test how my EA run here even better than in m4.

Positive

03-11

AtengWeisheng

Unverified

Thailand

What's an advantage of this app is taht tehy have suppor 24/7 integrated into it and you can adress them if you have any issues. One downside is that you cannot withdraw money at any time.

Neutral

03-03

Chunkymilly

Unverified

Nigeria

I've used octa for 3 years now and I can attest to it being the best broker I've ever used and very easy to withdraw regardless of your location and the withdrawal method you want to use

Positive

02-17

JoeswantoPark

Unverified

Singapore

Actually I didn`t used to trust brokers or any other services that are quite popular and have been at the market for a long time You know the more customers they gain more likely they will drop the quality of the service;s, to increase the profit. It`s like a common practice in any industry Octa wasn`t among these cases, though The service is solid, no problems with payments and platforms, I was calm, since they offered Metatrader5 software, a quite recognised platform. Conditions were quite good, nothing to complain about, or say too much about🤷‍♂️

Neutral

02-17

FX3616911252

Unverified

India

I have been using OctaFX for the past year. Everything was fine when I was making losses, but when I finally made a profit and requested a withdrawal, they blocked my account and declined my $462 withdrawal. OctaFX scammed me! I sent multiple emails, but there has been no response. OctaFX, don't scam Indian users—refund my $462! My Account Number: 48198739

Exposure

02-08

DarrenOng

Unverified

Singapore

Long time in industry... Spreads on major currency pairs with octa are just excellent, eur/usd 0.8 etc. But I am not limited to this pair, of course. More than a couple of dozen currency pairs alongside the leverage 1:200 for crypto - that’s fantastic or near to fantastic but definitely a choice of crypto matters ti me I also consider the metatrader5 account from octa pretty much affordable. And that’s for consistent operations as I can rely on the quality of in-house execution. Wrapping it up - all well that is going well on my account

Positive

02-04

BayuP7527

Unverified

Singapore

This is my choice and I like how tight spreads they provide on the forex market. Moreover, they don't even charge any commissions for overnight positions. It’s incredible!

Positive

01-16

AshrafAdham

Unverified

India

spreads on indices are better than I thought...espeially on uk100, its tight.

Positive

01-05

UsmanWaluyo

Unverified

India

We can compare spreads for currency pairs on different platforms and I cannot quite decide as all of them had clear advantages. Eur USD is a trading classic as it is the most liquid asset. I always add something new to my basket but won’t quite my habit with classic ever.

Positive

2024-12-23

Joko Prabowo

Unverified

Singapore

Idk how these platforms are much different. You got space.. and that's kinda it. Seems like the collection could have been a bit bigger.

Neutral

2024-12-08

anu321

Unverified

India

my whole wealth will be destroyed by this broker Deposit is more than withdrawal

Exposure

2024-12-07

ChiaCCK

Unverified

Malaysia

I have uses Octa for about 6 months when they started playing games. I was profiting about 15K USD (Fix Rate). When I wanted to withdraw, they say a lot of excuses to delay my withdrawal. Some of these reasons include: We need to verify with the bank, we are waiting for the funds provider, holiday season, etc… And then after 1 week from my withdrawal request, they say my account is under investigation for suspicious activities. Yeah, the suspicious activities that they were referring to was I was profiting a lot…hahhahaha. Then i was informed they do this routinely to make sure their clients’ funds are safe. But when i asked my friends who used Octa, they never have this happened to them because they were profiting way less than me. And the. after almost 3 weeks, they finally approved my withdrawl request. aAnd one more thing, their customer service are basically all robots. they use fake names amd profile pictures. Please dont use Octa.

Exposure

2024-12-06

FX2663248516

Unverified

Hong Kong

I have been a client of Octa Markets Ltd since 29-July-2024. The first deposit of USD19,000 was made on 29-Jul-2024, and the first withdrawal USD32,000 was made on 14-Aug-2024. On 10-Sep-2024, I submitted a request to withdraw USD13,000 from my account. Despite complying with all necessary verification processes and providing the required documentation, my withdrawal request has been unjustly denied. Now I can't login to my account! This has caused me significant distress and financial inconvenience. Despite my attempts to resolve this issue directly with Octa Markets Ltd through their customer support, I have not received a satisfactory response or a clear explanation for the denial of my withdrawal. The lack of transparency and the refusal to release my funds suggest potential misconduct or malpractice.

Exposure

2024-10-25

FX2074115839

Unverified

India

I have been using Octa for a while, but recent experiences have been extremely disappointing. For over two weeks now, I've been facing an issue that was supposedly escalated to their finance team and senior management, but there has been no resolution or clear update on what's happening. Despite repeated follow-ups, all I get are generic statements like: "Our processing department is still in the midst of investigating this issue." "This will be the report number that has been escalated to our finance team regarding this clarification: 3858103" "Please know that we're taking this issue very seriously and are working to resolve it as quickly as possible." No SLAs or ETAs have been provided, and it feels like the finance team is running the entire operation with no accountability to the customers. It's honestly frustrating to see no concrete progress despite my issue being escalated to high-level management. I would urge others to be cautious when dealing with Octa.

Exposure

2024-10-24

VenkataKapudia

Unverified

India

There are three types of trading accounts available to choose from and I was trading through the OctaTrader account and I didn’t like the user interface of the platform and it was really inconvenient to navigate around there at first. The functionality of the OctaTrader platform is huge and probably needs some time to adapt to it and understand how everything works.

Neutral

2024-10-11

186
Account
Funding
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Genealogy
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Website

Most visited countries/areas
India
octafxidn.me
104.21.52.24
octamarkets.net
35.195.213.35
octaasia.com
104.21.29.153
idnoctafx.info
172.67.139.127
octafxidn.site
172.67.197.116
octafxmy.net
172.67.149.47
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Genealogy

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Company Summary

Company Summary

Company profile

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts.

At the moment, Octa offers over 300 trading instruments, including:

CFDs on stocks: 150 (Apple, Google, Amazon, etc.)

Forex currency pairs: 52 (EURUSD, GBPUSD, GBPJPY and other popular ones)

Gold and silver

Energies: 3 (XBRUSD, XTIUSD, XNGUSD)

Indices: 10 (US30, NAS100, SPX500, etc.)

Cryptocurrencies: 34 (BTC, ETH, LTC, etc.)

Spanning across the globe, Octa is subject to regulation by several authorities, reflecting the diverse regulatory landscape governing the activities conducted by Octa.

Octa holds the following licenses:

Octa Markets Cyprus Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 372/18.

Octa Markets Ltd. is authorised and regulated by the Mwali International Services Authority (MISA) with license number HY00623410, and international brokerage and clearing house license number: T2023320.

Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number 51913 from the Financial Sector Conduct Authority (FSCA) in South Africa.

Octa offers three account types: MT4, MT5 and account on its own proprietary trading platform OctaTrader. The average spread for EURUSD is 0.7 pips for all accounts with no additional charges or hidden fees. All accounts are swap-free—there are no overnight fees for traders.

OctaTrader platform elevates traders' experience by offering a one-stop solution with features like Space—a dynamic feed with real-time analysis, collaborative tools, and educational resources, all in one place. A library of webinars and tutorials ensures continuous learning for traders at all levels. Another unique tool is OctaVision, powered by AI, which acts as a digital mentor, providing personalised analysis of past trading actions and giving data-driven recommendations to help users refine their trading strategies.


Keywords

  • 5-10 years
  • Regulated in Cyprus
  • Market Maker (MM)
  • MT4 Full License
  • MT5 Full License
  • Global Business
  • High potential risk

News

OctaFX Flagged by Malaysian Authorities

Exposure OctaFX Flagged by Malaysian Authorities

OctaFX has been officially listed on warning lists by both Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC). These alerts raise serious concerns about the broker’s status and whether it is legally allowed to operate in Malaysia.

2025-06-07 17:33

Expectations vs. reality in trading: Octa broker's perspective

News Expectations vs. reality in trading: Octa broker's perspective

In trading, success greatly depends on your ability to take a step back from a situation and assess it without bias. This is much easier to do when your understanding of financial markets is not influ

2025-05-28 17:37

Bitcoin is now a 'safe-haven coin' of the crypto market, Octa broker says

News Bitcoin is now a 'safe-haven coin' of the crypto market, Octa broker says

According to Coinbase's April 2025 Monthly Outlook, the total crypto market capitalisation (excluding Bitcoin) has fallen by 41% from $1.6 trillion in December 2024 to $950 billion in early April 2025

2025-05-26 22:26

Southeast Asia’s Trade Outlook in the Face of U.S. Tariff Adjustments

News Southeast Asia’s Trade Outlook in the Face of U.S. Tariff Adjustments

As the U.S. adjusts its tariff policies, Southeast Asian nations are facing a critical moment in trade negotiations, with the region’s economy potentially on the brink of new opportunities.

2025-05-23 23:06

OctaFX Denies Allegations After India Seizes $9.6 Million

Exposure OctaFX Denies Allegations After India Seizes $9.6 Million

OctaFX denies claims of false promises after Indian authorities seized $9.6 million, emphasizing their commitment to transparent and educated Forex trading practices

2024-08-07 16:30

ED Raids OctaFx in Fraud Case, Seizes Rs 80 Crore

Exposure ED Raids OctaFx in Fraud Case, Seizes Rs 80 Crore

ED raids forex trading platform OctaFx in a massive fraud case, seizing over Rs 80 crore in assets. Investigations reveal extensive money laundering.

2024-07-25 15:42

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