Score

6.23 /10
Average

Octa

Regulated in Cyprus

Market Making(MM)

MT4 Full License

Global Business

High potential risk

C

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Comparison

Quantity 116

Exposure

Time Machine
Website

Score

Regulatory Index6.67

Business Index7.22

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

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Danger

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2020-01-01

Broker Information

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Company Name

Octa Markets LTD

Company Abbreviation

Octa

Platform registered country and region

Cyprus

Company website

X

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Linkedin

Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 3
Previous Detection : 2025-03-01
  • The number of the complaints received by WikiFX have reached 107 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 Verification

Pyramid scheme complaint
Expose
    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

    NewsKey European events in Q1 2025: strategic considerations for traders by Octa broker

    The intersection of political instability, economic tensions, and global trade dynamics makes it crucial for traders to be vigilant and reactive. Understanding these events is essential to forming wel

    WikiFX
    2025-02-21 21:06
    Key European events in Q1 2025: strategic considerations for traders by Octa broker

    NewsOcta broker receives the 'Best CFD Broker Asia 2025' award

    The Global Brands' 'Best CFD Broker Asia 2025' award became another milestone in Octa's long and successful track record in the financial markets. According to the organisers, Octa was selected from a

    WikiFX
    2025-02-21 14:34
    Octa broker receives the 'Best CFD Broker Asia 2025' award

    NewsGlobal Crypto Regulation and 2025 Market Outlook: An Octa Broker Analysis

    Kar Yong Ang, a financial market analyst at Octa Broker, explains what regulation can be expected in 2025 and beyond.H2: Key Events Shaping the Cryptocurrency Market The cryptocurrency market has ente

    WikiFX
    2025-02-19 18:40
    Global Crypto Regulation and 2025 Market Outlook: An Octa Broker Analysis

    ExposureOctaFX 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

    WikiFX
    2024-08-07 16:30
    OctaFX Denies Allegations After India Seizes $9.6 Million

    User Reviews

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    User comment

    137

    Comments

    Write a review

    FX1242016544
    0-3months
    Selamat malam, saya Rico Nurhidayat ingin menyampaikan permasalahan mengenai penarikan dana yang tidak bisa dilakukan sudah hampir 2 minggu, saya juga menanyakan permasalahan saya terhadap customer service di platform tersebut, mereka hanya memberikan alasan dana sedang di proses dengan departemen Keuangan dan harap menunggu, tetapi tidak ada kejelasan dan hanya di suruh menunggu, saya hubungan di hari berikutnya tetap dengan alasan yang sama, dan juga pemberitahuan kalau akun yang saya miliki sedang di investigasi, customer service tersebut juga menyarankan untuk kirim email, saya sudah mengirimkan email namun balasan nya tetap hal yang sama harus menunggu dan akun sedang di investigasi, setelah beberapa hari saya konfirmasi lewat email, platform tersebut berkomentar dengan alasan jumlah deposit tidak lebih besar dari profit yang di dapatkan, hal ini membuat kami berkesimpulan bawahan kita harus deposit dengan nominal yang besar agar bisa mendapatkan kelancaran penarikan dana, sebab j
    Selamat malam, saya Rico Nurhidayat ingin menyampaikan permasalahan mengenai penarikan dana yang tidak bisa dilakukan sudah hampir 2 minggu, saya juga menanyakan permasalahan saya terhadap customer service di platform tersebut, mereka hanya memberikan alasan dana sedang di proses dengan departemen Keuangan dan harap menunggu, tetapi tidak ada kejelasan dan hanya di suruh menunggu, saya hubungan di hari berikutnya tetap dengan alasan yang sama, dan juga pemberitahuan kalau akun yang saya miliki sedang di investigasi, customer service tersebut juga menyarankan untuk kirim email, saya sudah mengirimkan email namun balasan nya tetap hal yang sama harus menunggu dan akun sedang di investigasi, setelah beberapa hari saya konfirmasi lewat email, platform tersebut berkomentar dengan alasan jumlah deposit tidak lebih besar dari profit yang di dapatkan, hal ini membuat kami berkesimpulan bawahan kita harus deposit dengan nominal yang besar agar bisa mendapatkan kelancaran penarikan dana, sebab j
    Translate to English
    +2
    2025-02-19 22:53
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    FX2376161508
    0-3months
    Penarikan dana saya di persulit harus meminta dokument transaksi depo mulai dari bulan 7 2024 sampai sekarang bulan 2 2025 dengan alsan ke amanan dll, saya widraw dri tgl 11 sampi sekrang belum masuk.
    Penarikan dana saya di persulit harus meminta dokument transaksi depo mulai dari bulan 7 2024 sampai sekarang bulan 2 2025 dengan alsan ke amanan dll, saya widraw dri tgl 11 sampi sekrang belum masuk.
    Translate to English
    2025-02-18 14:08
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