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Octa -

Score

6.24 /10
Average

Octa

Cyprus

5-10 years

Regulated in Cyprus

Market Maker (MM)

MT4 Full License

Global Business

High potential risk

https://www.octafx.com/

Influence

AA

Add brokers

Comparison

Quantity 142

Exposure

Time Machine
Website

Score

Regulatory Index6.67

Business Index7.27

Risk Management Index0.00

Software Index9.99

License Index6.32

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

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

More

Danger

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2022-09-20
"Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities"
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Danger

MY SCM
2020-01-01
INVESTOR ALERT LIST
Octa

Broker Information

More

Company Name

Octa Markets LTD

Company Abbreviation

Octa

Platform registered country and region

Cyprus

Company website

X

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 3
Previous Detection : 2025-04-30
  • The number of the complaints received by WikiFX have reached 130 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Octa

Cyprus

WikiFX Verification

Exposure

142 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

chart manipulation issues unable to close the trad

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

anu321
2024-12-07 18:32
Scam

scammmed

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

feairus
2025-03-01 19:25
Scam

OctaFX Blocked My Account & Denied My Withdrawal

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

FX3616911252
2025-02-08 14:07
Unable to Withdraw

Delayed withdrawal when in profit

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.

ChiaCCK
2024-12-06 15:08
Octa · Company summary
Quick Octa Review Summary
Founded2011
Registered Country/RegionCyprus
RegulationRegulated by CYSEC
Market InstrumentsCurrrency pairs, gold/silver, commodities, indices, cryptos
Demo Account✅
Min Deposit50 EUR
LeverageUp to 1:30
EUR/USD SpreadFloating around 1.1 pips
Trading PlatformOctaTrader, Web platform, Android
Payment MethodsSwissquote, BluOr Bank, RIETUMU
Deposit & Withdrawal Fee❌
Customer Support9 a.m. – 6 p.m. UTC+3
Email: clientsupport@octaeu.com
Regional RestrictionsBelgium, the USA, Canada, Spain, and the UK, as well as to jurisdictions outside the European Economic Area (EEA) except Switzerland

Octa Information

Founded in 2011, Octa a regulated broker registered in Cyprus, offering trading in currrency pairs, gold/silver, commodities, indices, and cryptos on OctaTrader, Web platform, and Android platforms.

OctaFX's home page

Pros and Cons

Pros Cons
Regulated by CYSECRegional restrictions
Various tradable instrumentsMT4/MT5 unavailable
Demo accounts availableLimited payment options
Tight EUR/USD spreadNo 24/7 customer support
No fees for deposits and withdrawals

Is Octa Legit?

Yes. Octa is currently regulated by Cyprus Securities and Exchange Commission (CySEC).

Regulated CountryRegulated byRegulated EntityLicense TypeLicense Number
Cyprus
CySECOcta Markets Cyprus LtdMarket Making (MM)372/18
Is Octa Legit?
Is Octa Legit?

What Can I Trade on Octa?

Octa offers trading in currrency pairs, gold/silver, commodities, indices, and cryptos.

Tradable Instruments Supported
Currency pairs✔
Gold & Silver✔
Commodities✔
Indices✔
Cryptos✔
Stocks❌
Bonds❌
Options❌
ETFs❌

Leverage

The maximum leverage vary on the asset class. Detailed info can be found in the table below:

Asset ClassMax Leverage
Currency pairs1:30
Gold & Silver1:20
Commodities1:10
Indices1:20
Cryptos1:25

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Leverage

Spread and Commission

Octa offers commission-free trading and the EUR/USD spread is floating around 1.1 pips. If you are interested in spreads on other trading instruments, you can visit https://www.octaeu.com/spreads/

Spread

Trading Platform

Octa has a built-in proprietary trading platform - OctaTrader available on the Web, Desktop, and Android versions.

OctaTrader

Deposit and Withdrawal

Octa supports very limited payment options, only Swissquote, BluOr Bank, and RIETUMU.

The minimum deposit or withdrawal amount are both 50 EUR.

All deposits and withdrawals are free of charge, and can be processed within 3-7 business days.

Deposit details
Withdrawal details

Customer Support Options

Octa provides email instead of phone or live chat contact, which will result in traders being unable to deal with emergencies on time. You can also follow them on some social platforms, such as Facebook, Twitter, and Instagram.

Contact Options Details
Email clientsupport@octaeu.com
Social Media Facebook, Twitter, Instagram
Website Language English, Italian
Physical Address 1 Agias Zonis and Thessalonikis Corner, Nicolaou PentadromosCenter, Block: B', Office: 201,3026, Limassol, Cyprus
Customer Support Options

News

NewsInformation that empowers: Octa broker on the importance of transparency

When managing personal finances, any lack of communication or transparency on the part of the service provider is annoying and nerve-wracking for the client, inevitably leading to mistrust and confusi

WikiFX
2025-04-28 21:31
Information that empowers: Octa broker on the importance of transparency

NewsCould Gold Hit $4,000 in 2025? Octa Broker Explores the Upside Scenario

Octa Broker examines the forces behind golds remarkable rally — and what might come next.H2: Geopolitical Tensions as the Main CatalystThe wars in the Middle East and Eastern Europe remain, and their

WikiFX
2025-04-24 21:24
Could Gold Hit $4,000 in 2025? Octa Broker Explores the Upside Scenario

NewsOcta broker wins the 'Best Proprietary Trading Platform 2025' award

Octa, a trusted and regulated broker founded in 2011, recently received its 10th award in 2025. This time, World Business Star Magazine recognised Octa as the broker with the best proprietary trading

WikiFX
2025-04-24 00:55
Octa broker wins the 'Best Proprietary Trading Platform 2025' award

NewsIn record time: Octa broker on how speed inspires trust

In online trading, speed is king. Below, the experts at Octa, a regulated and trusted broker since 2011, break down the aspects of trading where speed matters most and offer an accessible way to accel

WikiFX
2025-04-14 22:22
In record time: Octa broker on how speed inspires trust

NewsOcta recognised as the most innovative broker 2025 by FXDailyInfo

Octa, a global broker since 2011, recently received the FXDailyInfo award as The Most Innovative Broker 2025. This accolade yet again highlights Octas focus on incrementally improving its proprietary

WikiFX
2025-04-04 19:54
Octa recognised as the most innovative broker 2025 by FXDailyInfo

NewsMarket cycles: leveraging seasonal trends with Octa Broker

Seasonalities—lasting trends that repeat themselves during some periods of the year—tend to influence the value of assets and the overall market state. Identifying these cycles allows traders to adapt

WikiFX
2025-04-04 15:41
Market cycles: leveraging seasonal trends with Octa Broker

NewsOcta vs XM:Face-Off: A Detailed Comparison

This article provides a structured comparison of these two brokers across key categories—regulation, trading conditions, platforms, fees, and asset variety—to help traders and investors decide which aligns best with their goals.

WikiFX
2025-03-27 17:31
Octa vs XM:Face-Off: A Detailed Comparison

NewsOcta's OctaTrader recognised as the best fintech product of the year

OctaTrader, Octa Broker's proprietary trading platform, received the 'Best Fintech Product of the Year' award from Global Business Magazine. A dynamically evolving trading solution, OctaTrader has rec

WikiFX
2025-03-19 17:50
Octa's OctaTrader recognised as the best fintech product of the year
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User Reviews

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User comment

81

Comments

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FX1272319821
more than one year
I must admit that the trading conditions offered by this company are very attractive, but traders should be sensible and not get carried away when choosing a forex broker.
I must admit that the trading conditions offered by this company are very attractive, but traders should be sensible and not get carried away when choosing a forex broker.
Translate to English
2023-02-23 12:03
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0
0
黑板
more than one year
Hi friends, You cannot make your dream come true with this website. Your time and budget will be wasted. They would always find various excuses to reject my withdrawal request. That's why I regret it.
Hi friends, You cannot make your dream come true with this website. Your time and budget will be wasted. They would always find various excuses to reject my withdrawal request. That's why I regret it.
Translate to English
2023-02-17 10:47
Reply
0
0
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