Score

5.88 /10
Average

OctaFX

Cyprus

2-5 years

Regulated in Cyprus

Market Making(MM)

MT4/5 full license

Regional Brokers

High potential risk

C

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Comparison

Quantity 19

Exposure

Open Account
Website

Score

License Index 6.67
Business Index 6.54
Risk Management Index 0.00
Software Index 6.91
Regulatory Index 6.64
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Contact number

English

+357 25 251 973

Broker Information

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Company Name

Octa Markets Cyprus Ltd.

Company Abbreviation

OctaFX

Platform registered country and region

Cyprus

Company website

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Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2023-01-29
  • The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Resolved

Dear OctaFX Team, I am waiting withdrawal amount

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

2022-06-30 16:44
Scam

Price Manipulation

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. 

2023-01-28 16:36

    User Reviews

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    User comment

    78

    Comments

    Write a review

    小天38510
    more than one year
    我的外汇交易还没有到达止损点,他们就要求我平仓,再入金一部分钱。 我照做了,最后钱都亏光了。他们说这是正常的情况,我遇到了糟糕的市场行情,我怎么感觉我受骗了呢?
    Translate to English
    2022-12-15 18:29
    Reply
    2
    2
    sonofgrace
    0-3months
    The broker is well reliable and trustworthy they deserve five star
    Translate to English
    2022-12-12 04:55
    Reply
    0
    4

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    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
    License or other information error corrections, please send the information to:qawikifx@gmail.com
    Cooperation:fxeyevip@gmail.com