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octa -

Score

6.49 /10
Average

octa

Cyprus

5-10 years

Regulated in Cyprus

Market Making License (MM)

MT4 Full License

Global Business

High Potential Risk

https://www.octafx.eu

Influence

A

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Comparison

Quantity 186

Exposure

Open Account
Website

Score

Regulatory Index6.67

Business Index7.51

Risk Management Index0.00

Software Index9.97

License Index6.70

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Open Account
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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2022-09-20
"Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities"
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Danger

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Danger

MY SCM
2020-01-01
INVESTOR ALERT LIST
octa

Broker Information

More

Company Name

Octa Markets Cyprus 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 2
Previous Detection : 2026-05-03
  • WikiFX has recorded a total of 168 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.
  • Global regulators have issued 4 public disclosures regarding this broker. Please be aware of the risk.

WikiFX Survey

octa

Cyprus

WikiFX Verification

Exposure

186 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

not reflected my amount 15500

hi not reflected my deposited fund in my account 15500 thousand

2025-07-03 03:00
Unable to Withdraw

I have been waiting a long time

I have been waiting a long time to withdraw my remaining funds from Octa FX. I've waited for days but my funds still haven't come through. I tried again this morning, and until now, I still can't withdraw my money.

2025-10-06 17:24
Unable to Withdraw

Unable to withdraw

I cannot withdraw funds even though the status is complete and the information is very confusing. I have emailed and contacted CS, but the response from Broker did not provide a good solution and was not cooperative even though I have been using Broker for 10 years. I really regret using Broker.

2026-01-31 18:54
Unable to Withdraw

Unable to withdraw funds.

With the reference number Complicated on 01/20/2026, but it has not been credited to my account as of 01/28/2026. I followed the instructions from OctaFX on 01/23/2026 to track the transaction with my bank, but my bank stated that there was no transaction with that reference number and that the transaction history for this month (January 2026) showed no transaction with the amount I withdrew. The only information I received from Octa was: The case is under further investigation? However, there has been no solution to date.

2026-01-28 20:11
Severe Slippage

Slippage

My ballance just lost only few trade using this broker, open only 0,01 and slippage just mind blow..

2025-08-22 00:14
Unable to Withdraw

I made 2 wtihdrawals

I made 2 wtihdrawals on 19 jan 2026, each wd amount is $2500. So total $5000 and status is completed but money not received in my bank account. I complain send my bank account.. But they still delaying my payment! Alreafy 2 weeks.

2026-02-04 00:35
Unable to Withdraw

i made withdrawal on

i made withdrawal on 19 jan 2026 and status is already completed. and got no money received by me. i keep complain and always said on checking. already 2 weeks. i don't know whether they don't want to pay my money or what please help. i have sent my bank statement. and when i ask the proof of transfer money to me. they cannot give me.

2026-02-02 19:06
Unable to Withdraw

Withdrawal Problem

I've been experiencing a difficulty in withdrawal from either my trading account and my wallet in Octa since these past weeks. I can't even make any withdrawal request since the confirm button is unable to be clicked. I've been seeking solutions through live chat support for a few times, yet there's still no positive feedback. Additionally Octa's livechat agents previously asked me to just keep waiting for me to get the updates regarding this issue through my emails, but I've been waiting for over than a week right now with no positive response from Octa regarding this matter.

2025-10-15 11:48
Severe Slippage

High slippers frund aap

please give me my money so much slippage entry price change and trigger price so much very different

2025-09-01 18:37
Unable to Withdraw

My account was blocked by

My account was blocked by OctaFX, this is a scam. I had capital of 23.15 USD and won 11.00 USD, but OctaFX took it.. Luckily, it's only a small amount of 23.15 USD.. Octa scam, my password is correct but I can't access my account, the money is still in there.

2025-10-06 22:15
Scam

Withdrawal

I have not received my withdrawal its been 8 days and nobody is responding to my emails. My withdrawal id: W22424**** They are not giving me my $35000 I am official partner with octa and i genrate over $350k in commison and you guys treating my like this. This will force me to leave octa and ask my cleints to join other clients Regards

2025-12-08 14:17
Unable to Withdraw

Unilateral Withdrawal Rejected

Good evening, I'm Rico Nurhidayat and I want to express my issue regarding the inability to withdraw funds for almost 2 weeks. I've contacted the customer service of the platform, and they only provided reasons that funds are being processed by the Finance Department and asked to wait without any clarity. I was informed that my account is under investigation. I was advised to send an email, which I did, but received the same responses. A few days later, the platform responded stating that the deposit amount is not larger than the profit gained, leading us to the conclusion that we must deposit a substantial amount to ensure smooth fund withdrawal, because the smaller deposits we have made are quite difficult.

2025-06-01 15:26
Unable to Withdraw

I've been trying to withdraw funds, but they keep saying my documents aren't complete.

One moment they claim all materials are ready for verification, then suddenly it's impossible to withdraw—it feels like a scam.

2025-12-29 21:32
Unable to Withdraw

OCTAFX Are SCAMMERS!!!

OCTAFX Are SCAMMERS! AVOID THEM AT ALL COSTS! they repeatedly charged me extremely high withdrawal fees, rejected my withdrawal multiple times by forcing me to make more and more trades before I could withdraw my capital in my Octafx account! TOTAL Cheats and OCTAFX CANNOT BE TRUSTED!!!

2025-05-11 13:45
Unable to Withdraw

The funds did not enter the 5Hari account.

FAST DEPOSITS BUT WITHDRAWALS... I have not received the funds I withdrew from Octa. It has been 5 days since January 20, 2026 - January 24, 2026. The status on Octa and in my email is complicated, but the funds have not been transferred to my account. and I have followed Octa's instructions to contact my local bank using the provided reference number to track the transaction, but the result is nil/there is no transaction with that reference number, and the bank statement also shows NO TRANSACTION!

2026-01-24 19:37
Unable to Withdraw

Withdrawal Problem

I've been experiencing a difficulty in withdrawal from either my trading account and my wallet in Octa since these past weeks. I can't even make any withdrawal request since the confirm button is unable to be clicked. I've been seeking solutions through live chat support for a few times, yet there's still no positive feedback. Additionally Octa's livechat agents previously asked me to just keep waiting for me to get the updates regarding this issue through my emails, but I've been waiting for over than a week right now with no positive response from Octa regarding this matter. Hereby I attach the screenshot showing after I clicked the submit button, the submit button turns grey and I can't move on to submit the withdrawal request.

2025-10-16 12:12
    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

    ExposureIs Octa Regulated? Octa Regulation And Licensing Facts

    Discover the truth about Octa regulation. We analyze their CySEC license and Forex trading safety to help you secure your Octa login and capital. Learn more.

    WikiFX
    2026-04-29 14:10
    Is Octa Regulated? Octa Regulation And Licensing Facts

    ExposureOctaFX’s Controlling Shareholder Arrested | Is This Broker Hiding a Massive Scam?

    India’s financial authorities have taken strong action against global trading platform OctaFX after uncovering what they describe as one of the largest unauthorised forex scams in the country’s history.

    WikiFX
    2025-10-26 15:45
    OctaFX’s Controlling Shareholder Arrested | Is This Broker Hiding a Massive Scam?

    ExposureOctaFX Transitions to Comoro Islands Regulation Under Mwali International Services Authority

    Global forex broker OctaFX has announced that it will now operate under a new regulatory framework in the Comoro Islands, claiming to hold an International Brokerage and Clearing House licence issued by the Mwali International Services Authority (MISA).

    WikiFX
    2025-10-23 18:46
    OctaFX Transitions to Comoro Islands Regulation Under Mwali International Services Authority

    NewsCySEC Restricts OctaFX Majority Owner’s Voting Rights Amid India Probe

    In wake of India’s asset seizure, Cyprus regulator curbs OctaFX owner’s control to preserve local compliance.

    WikiFX
    2025-09-12 17:20
    CySEC Restricts OctaFX Majority Owner’s Voting Rights Amid India Probe
    About More

    User Reviews

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    User comment

    138

    Comments

    Write a review

    FX1459944709
    0-3months
    I made 2 wtihdrawals on 19 jan 2026, each wd amount is $2500. So total $5000 and status is completed but money not received in my bank account. I complain send my bank account.. But they still delaying my payment! Alreafy 2 weeks.
    I made 2 wtihdrawals on 19 jan 2026, each wd amount is $2500. So total $5000 and status is completed but money not received in my bank account. I complain send my bank account.. But they still delaying my payment! Alreafy 2 weeks.
    Translate to English
    2026-02-04 00:35
    Reply
    0
    0
    FX1459944709
    0-3months
    i made withdrawal on 19 jan 2026 and status is already completed. and got no money received by me. i keep complain and always said on checking. already 2 weeks. i don't know whether they don't want to pay my money or what please help. i have sent my bank statement. and when i ask the proof of transfer money to me. they cannot give me.
    i made withdrawal on 19 jan 2026 and status is already completed. and got no money received by me. i keep complain and always said on checking. already 2 weeks. i don't know whether they don't want to pay my money or what please help. i have sent my bank statement. and when i ask the proof of transfer money to me. they cannot give me.
    Translate to English
    2026-02-02 19:06
    Reply
    0
    0
    99+