OctaFX opinion

Opinions and information about the OctaFX broker


¿It is the really reliable OctaFX broker? Is it safe for you to invest your money with this company? In this section we will analyze the broker and its reputation as such on the internet.
We invite anyone who has experience with this company, to leave a comment with their experience and to give a score to the broker according to their experience with it.

OctaFX broker is a Forex and CFD broker.

The broker mentions that is part of Octa Markets Incorporated.

OctaFX mentions having based in Saint Vincent and the Grenadines.

If we talk about regulation, the broker mentions being degree in Saint Vincent and the Grenadines, but does not mention being regulated, we think it is a broker NOT REGULATED.

OctaFX website
OctaFX website

We will continue to analyze the different account types that OctaFX offers. In the case of OctaFX, it has 3 different types of accounts: Beginning Traders Account, Experienced Traders Account and Advanced Traders Account.

Beginner Traders Account: minimum initial deposit of $ 100, variable spreads from 0.4 pips / fixed from 2 pips, leverage up to 1: 500 (FX), 1: 200 (Metals), 1: 100 (Indices), 1:10 (Cryptocurrencies), minimum trade size 0.01 lots, execution to market, fifth decimal place, margin call / stop out level 25% / 15%, hedging, scalping, expert advisors.

Experienced Traders Account: minimum initial deposit of $ 500, variable spreads from 0.2 pips, leverage up to 1: 200 (FX), 1: 100 (Metals), 1:50 (Indices), 1:10 (Cryptocurrencies), minimum trade size 0.01 lots, market execution, fifth decimal place, margin call / stop out level 45% / 30%, hedging, scalping, expert advisors.

Advanced Traders Account: minimum initial deposit of $ 100, variable spreads from 0.4 pips, leverage up to 1: 500 (FX), 1: 200 (Metals), minimum trade size 0.01 lots, execution to market, fifth decimal place, margin call / stop out level 25% / 15%, coverage, scalping, expert advisors.


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The platforms used to trade are: MT4, MT5 and cTrader platforms.

Now, yes, we will go on to analyze the different resources and aids that the broker provides to traders on its website: explanations about the operation and how the instruments that can be traded are formed, updated news and analysis on financial markets (although found in English), economic calendar (in English), trading calculator, profit calculator, graphs with real-time quotes, interest rates of different banks around the world, different educational articles explaining basic concepts of the world of trading, among other resources and tools.


OctaFX broker features



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Additional information about the company


Phone number: +44 20 3322 1059 (UK) | +34 651 769 010 (Whatsapp) | +34 691 370 613 (Whatsapp)

E-mail: [email protected]

Website: octafx.com

Telegram: @OctaFX_bot

Clarification: The OctaFX broker works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.

* Bonuses or promotions: None by the moment

OctaFX valuation

Caution: unregulated broker

With the information we have so far, the comments and reviews of users and traders, Our opinion is NEGATIVE, since it is a UNREGULATED broker, it is based in unsafe countries (Saint Vincent and the Grenadines), we suggest to exercise caution.  

❗ January 2021 update: FCA, UK financial regulator, has reported OctaFX due to fraudulent activities.

❗ October 2021 update: BCSC, British Columbia's financial regulator, has reported OctaFX due to fraudulent activities.

🚫 Link to the warning 🚫 on the official BCSC website.

Do you know this broker? Do you think our opinion is not correct? Have you operated with him? Leave a comment with your experience.


Are you part of OctaFX? Are you a representative or worker of the company? Write to us here >> use this form << 


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Broker Type
Forex and CFDs

7 comments on «OctaFX - octafx.com»


    I have not had experiences with them but I began to investigate why I am seeing that there are influencers on Instagram promoting their promo codes with OctaFX and they do not give more information ... it sounded like a pyramid fraud

  2. Mairon Cordon Reply

    OctaFX "Scamming company" I want to let everyone know that I have been a victim of scam by this company, since when wanting to withdraw funds from my account they have found a thousand and one ways to find excuses not to do so, which literally becomes a fraud. I read the comments of other people who indicate that all their transactions, including disbursements, are very efficient in this company, which I, who personally have suffered in my own flesh, question. This company has a whole marketing device that offers you the sky and the stars to obtain funds, but when it comes to wanting to disburse it is another story that is not shown, and as the saying goes “Not everything that shines is gold". I express my opinion without pretending that all those who read it, stop doing business with said company if they wish, but do take their precautions and mainly can have access to opinions of other people that I am sure will have been victims like this server. To those who are interested, I can demonstrate documentary what I express here.

    • Reliable Forex Brokers Post AuthorReply

      Hello “Mairon” thank you very much for sharing your experience with OctaFX with us, do you remember how you came to find them?

      A greeting.

      • Mairon Cordon Reply

        It was through the page they have on the Internet and that its entire structure seemed like a serious company, and even on one occasion they contacted me by phone to offer me all the help I might need. Already in the withdrawal process that I describe in my opinion I could no longer contact anyone.

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