Score
Octa
Cyprus|5-10 years| https://www.octafx.eu/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
OctaFX-Demo
BelgiumInfluence
C
Influence index NO.1
Colombia 3.93MT4/5 Identification
MT4/5 Identification
Full License
BelgiumInfluence
Influence
C
Influence index NO.1
Colombia 3.93Surpassed 62.20% brokers
Contact
Licenses
Single Core
1G
40G
Disclosure
More
Danger
Danger
Danger
Contact number
+357 25 251 973
Other ways of contact
Broker Information
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Octa Markets Cyprus Ltd.
Octa
Cyprus
- https://www.octafx.eu/
- https://www.octafx.com/
- https://www.octaeu.com/
- https://www.octafxidn.online/
- https://www.octafx.services
- https://www.octafx.net
- https://www.octabroker.com
- https://www.octafxmy.net
- https://www.idnoctafx.info/
- https://www.octafxidn.me/
- https://www.octaasia.com/
- https://octamarkets.net/landing/earn-more/
Pyramid scheme complaint
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- The number of the complaints received by WikiFX have reached 105 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!
- Global regulators have disclosed 4 pieces of information about this broker, please be aware of the risks!
WikiFX Verification
Cyprus| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | 100 EUR |
| Minimum Spread | from 0.3 |
| Products | 28 Currency pairs + 2 metals + 2 energies + 10 indices |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | (3+) Skrill MASTER VISA |
| Withdrawal Method | (3+) VISA Skrill MASTER |
| Commission | No |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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Octa · 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 277 trading instruments, including:
CFDs on stocks: 150 (Apple, Google, Amazon etc.)
Forex currency pairs (total): 52 including most popular ones like: EURUSD, GBPUSD, GBPJPY
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, including the FSCA, MISA, and CySEC, reflecting the diverse regulatory landscape governing the activities conducted by OCTA.
Here is the list of licenses which Octa has:
Octa Markets Cyprus Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 372/18.
Octa Markets Ltd. is authorized 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 3 account types: MT4, MT5 and account on its own proprietary trading platform OctaTrader. Average Spread EUR/USD - 0.7 pips for all accounts with no additional charges or hidden fees. All accounts are swap-free—there is no overnight fee from traders.
OctaTrader platform elevates traders' experience by offering a one-stop solution with features like Space—a dynamic feed of real-time analysis, collaborative tools, and educational sources, all in one place. The analytics hub consolidates data across trading accounts, while a library of webinars and tutorials ensures continuous learning for traders at all levels. Another unique tool is OctaVision, powered by AI, that acts as a digital mentor, providing personalized analysis of past trading actions and giving data-driven recommendations to help users refine their trading strategies.
| OctaReview Summary | |
| Founded | 2011-07-28 |
| Registered Country/Region | Cyprus |
| Regulation | Regulated by CYSEC |
| Market Instruments | Currency Pairs, Commodities, Indices, and CFDs on crypto pairs |
| Demo Account | ✅ |
| Leverage | 1:30 |
| Spread | 0.1 pips |
| Trading Platform | OctaTrader(Desktop and Android) |
| Min Deposit | 50 EUR |
| Customer Support | Email:clientsupport@octaeu.commarketing@octaeu.com |
| Social Media: Facebook, Twitter, Instagram | |
Octa Information
Octa is a broker that provides various tradable instruments, including currency pairs, commodities, indices, and CFDs on crypto pairs. Traders can use a built-in trading platform. Octa launched a demo and real account with a minimum deposit of 50 EUR.
Pros and Cons
| Pros | Cons |
| Regulated by CYSEC | No 24/7 customer support |
| Demo account available | MT4/MT5 unavailable |
| Swap free | |
| Various instruments: currency pairs, commodities, etc. | |
| Spread as low as 0.1 pips |
Is Octa Legit?
CYSEC regulates Octa. However, being regulated does not mean there are no risks. Several traders from this broker have reported that Octa has difficulty withdrawing funds.
What Can I Trade in Octa?
Octa provides 28 most volatilecurrency pairs, commodities, up to 10 most popular indices, and CFDs on crypto pairs. Commodities include gold, silver, crude oil, and gas.
| Tradable Instruments | Supported |
| Currency pairs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| CFDs on crypto pairs | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Octa provides real and demo accounts. Demo accounts can simulate CDF trading with no real funds.
| Account Type | supported |
| Demo account | ✔ |
| Real account | ✔ |
Octa Fees
The spread is from 0.8 pips(EUR/USD), the commission is a three-day fee and the swaps are free.
Leverage
The maximum leverage of Currency pairs is 1:30, the leverage range of Commodities products is 1:10 to 1:20, and the maximum leverage of the index is 1:20.
Trading Platform
Octa has a built-in proprietary trading platform - OctaTrader available on the Web, Desktop, and Android versions.
| Trading Platform | Supported | Available Devices |
| OctaTrader | ✔ | Web/Desktop/Android |
Deposit and Withdrawal
The minimum deposit is 50 EUR, while the minimum withdrawal amount is 50 EUR for bank transfers and 5 EUR for Skrill.
Investors can deposit momentarily via Visa, Mastercard, local banks, Skrill, and bank account transfers. Visa, Mastercard, and Skrill transfers are processed momentarilyDeposit or withdrawal using the bank account might take 3–7 business days. Skrill is only available to verified users.
In addition, without verification, traders cannot withdraw funds and the maximum deposit is 2,000 EUR. If traders' profile is verified, deposits and withdrawals are unlimited.
Customer Support Options
Octa provides email instead of phone contact, which will result in traders being unable to deal with emergencies on time. Following Octa can also be via Facebook, Twitter, and Instagram.
| Contact Options | Details |
| clientsupport@octaeu.commarketing@octaeu.com | |
| Social Media | Facebook, Twitter, Instagram |
| Supported Language | English |
| Website Language | English |
| Physical Address | 1 Agias Zonis and Thessalonikis Corner, Nicolaou PentadromosCenter, Block: B', Office: 201,3026, Limassol, Cyprus |
News
NewsHurry up!! Octa's New Year Promotion Begins
The New Year promotion is titled 'Trading that feels like home.' The promotion begins on December 2 and will end on December 27, 2024.
WikiFXExposureOctaFX 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
WikiFXExposureED 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.
WikiFXExposureIndian authorities accuse OctaFX, broker denies
OctaFX, a well-known brokerage firm, has recently come under charges of money laundering and chart manipulation by Indian authorities. The company denied the accusations and said the allegations are baseless.
WikiFXReview 202
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