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Score
Cyprus
Regulated in Cyprus
Market Making(MM)
MT4/5 full license
Regional Brokers
High potential risk
Influence
Add brokers
Comparison
Quantity 19
Exposure
Score
License Index | 6.67 |
Business Index | 6.54 |
Risk Management Index | 0.00 |
Software Index | 6.91 |
Regulatory Index | 6.64 |
Single Core
1G
40G
English
+357 25 251 973
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Company Name
Octa Markets Cyprus Ltd.
Company Abbreviation
OctaFX
Platform registered country and region
Cyprus
Company website
YouTube
Company summary
Pyramid scheme complaint
Expose
withdrwal not complete be carefull
i open a trading account with octaFx.....I thought the forex market was without scam, now I know that I was wrong.all my capital now cannot cash out!
It all happened in 5 seconds the price of XAUUSD went up to 1821 and then go down to 1797 and closed to 1810 killing both buy and sell postion Making alot of people MC
Their scam works by asking you to deposit with promises of matching bonuses. After which, you are to blindly follow the broker's order to blindly trade (mine was a person named Dylan) and you will see losses after each string of trades to the point that the account is zero. They will also ask you to put up some long positions. I have emailed to them, they reply was you have zero dollars and to withdraw you must trade 30 times your deposit plus the matching bonuses! So USD600 x 30 times of trades before you can withdraw. Can it happen? Of course not! You need 87 trades for that to happen assuming USD$50 per trade. My disaster is your lesson learnt. Please spread the word around so that no one else will get conned again. My folly not to do a background check first. And surprising Facebook has their advertisement and Visa and MasterCard cannot do anything about these illegal transactions.
My account did not receive the deposit or the withdrawal.
I made a withdrawal request of 33$ on 28 may 2022 but today is 9 june 2022 but my withdrawal is not come I contact support team of octaFX but they didn't do anything
Dear OctaFX Team, I am waiting withdrawal amount from 22 june 2022 my total withdrawal request is $ 4000 , still not received in account so kindly help me and transfer to amount in my account .My trading account is - 26545396 withdrawal details 1- $ 2000 withdrawal request 21/june/2022 request id - W6909659 2- $ 2000 withdrawal request 21/june/2022 request Id - W6909628 Total withdrawal amount pending $ 4000 . My account details ABHIJEET KUMAR A/C -043101511943 IFSC - ICICI0000431 ICICI BANK BHAGALPUR BRANCH BIHAR
OctaFX is one of the cheating Brokers, they manipulate the price when the actual price never touches that mark, I am attaching the snapshot of my transaction see where the market was there and they hunted my SL intentionally, which is actually must be penalized.. I should get my earnings back.. Even I am attaching a snapshot of two charts ie one of Oanda, and another of forex.com for the same date and time. For example on 28th Sep 2022, time 16:48 you'll find the market was at the 1642 mark, even at 16:50 but see the OctaFX snapshot of that day and time transaction, they hunted my SL which was 1656.. How? Similarly, I have multiple transactions I can show.. Then I stopped OctaFX and they should be banned, they should correct their system, and compensate the customer for this. If I did't get the funds back, I'll escalate this matter to Consumer Forum, RBI, and every Authority for this. They should be penalized for this.
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OCTAFX Security Checklist shouldn't be taken for granted.
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