Score

6.25 /10
Average

octa

Regulated in Cyprus

Market Maker (MM)

MT4 Full License

Global Business

High potential risk

AA

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Comparison

Quantity 147

Exposure

Time Machine
Website

Score

Regulatory Index6.67

Business Index7.41

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

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Danger

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2020-01-01

Broker Information

More

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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Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-12-03
  • WikiFX has received a total of 135 user complaints against this broker, please be aware of the risks and do not be scammed!
  • 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

    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

    NewsMotivated to act: Octa Broker celebrates International Day of Charity

    World Charity Day is held annually on 5 September to raise awareness and motivate people to help others. In this article, Octa, a globally regulated and trusted broker operating since 2011, highlights

    WikiFX
    2025-09-05 20:00
    Motivated to act: Octa Broker celebrates International Day of Charity

    User Reviews

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    User comment

    124

    Comments

    Write a review

    Daryl9341
    0-3months
    The withdrawal process is what matters the most, and they have it good. The range of withdrawal methods is big, but honestly, most of them are crypto based. I didn't use all of them, just USDT TRC20. However, as far as I know, the time of process doesn't differs from one method to another. They are all performed in like 4 hours, maybe less, depends on how fast they approve the request.
    The withdrawal process is what matters the most, and they have it good. The range of withdrawal methods is big, but honestly, most of them are crypto based. I didn't use all of them, just USDT TRC20. However, as far as I know, the time of process doesn't differs from one method to another. They are all performed in like 4 hours, maybe less, depends on how fast they approve the request.
    Translate to English
    2025-11-29 17:53
    Reply
    0
    0
    Maelene
    0-3months
    They made things simpler than any other broker i have traded in the past regarding the process of choosing an acc type,. Regarding the trading codnitons, all account are pretty much the same. What you need to choose is your favorit trading engine. I chose the octatrader.. Initially it took me some time to understand the app, but it’s not hard at all. The only limit it has is the max open positions - it’s 50 lots, which is way more than intend to trade, and no EAs.
    They made things simpler than any other broker i have traded in the past regarding the process of choosing an acc type,. Regarding the trading codnitons, all account are pretty much the same. What you need to choose is your favorit trading engine. I chose the octatrader.. Initially it took me some time to understand the app, but it’s not hard at all. The only limit it has is the max open positions - it’s 50 lots, which is way more than intend to trade, and no EAs.
    Translate to English
    2025-11-29 00:30
    Reply
    0
    0
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