✔️ Information reviewed and updated in April 2024 by Eduardo López
IS OctaFX RELIABLE? OPINIONS
In this post I will analyze OctaFX. Is the OctaFX broker (also known as es.octafx.com) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.
I will explain to you why I think OctaFX is an UNSAFE company AND I CONSIDER IT AS UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!
ℹ️ BROKER DATA:
Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
| Information | About the company |
|---|---|
| (I.e. Company | Octa Markets Incorporated |
| ???? Direction | St. Vincent and the Grenadines |
| 📄 Registration | St. Vincent and the Grenadines |
| 🛡️ Regulapain | Not mentioned |
| ️ ️ Phone | +44 20 3322 1059 (UK) | +34 651 769 010 (Whatsapp) | +34 691 370 613 (Whatsapp) |
| [email protected] | |
| 🌐 Website | octafx.com |
| ???? Live Chat | Yes |
| ❓ Company type | Forex and CFDs |
📞 LIST OF PHONE NUMBERS:
+44 20 3322 1059 (UK) | +34 651 769 010 (Whatsapp) | +34 691 370 613 (Whatsapp)
💰 DEPOSITS AND ACCOUNTS:
Here is a small analysis of the account types that OctaFX offers; They are divided into 3 accounts. Here is a table with a little more information about minimum deposits by account type.
| account type | MINIMUM INITIAL DEPOSIT |
|---|---|
| Beginner Traders Account | $100 |
| Experienced Traders Account | $500 |
| Advanced Traders Account | $100 |
🌐 WEBSITE – WEBSITE:
Below you can see the company's website:
When analyzing the OctaFX website we can notice that they offer educational resources, information about the different types of account, explanation of the products where the capital is invested, company location and means of contact.
It does make me a little nervous that they do not mention anything about its regulation.
Another unfavorable point is the location: it is in a very unsafe place, be very careful!
⭐ OctaFX OPINION:
After having carried out an analysis of the company, I have come to the following conclusions:
1) The company is located in an unsafe place.
2) It is an unregulated company.
3) The company does not have seniority, it is a company without a track record.
4) The company has a very bad reputation on the internet, I have already been able to find customer complaints.
“To be honest with you, I would not invest in this type of company, it has many points against it, I do not recommend it. Everything seen indicates that OctaFX is not reliable and it is a very unsafe company.”
💬 USER REVIEWS:
I have found various negative reviews, complaints, complaints and negative feedback about OctaFX. I honestly think they are a very unsafe option. In addition to this, you can find more comments and opinions from users and clients of the company at the end of this review.
Are you an OctaFX customer? Do you have something to tell me about them? I invite you to leave your opinion too!
📣 LATEST UPDATES:
1) AcJanuary 2021 update: CNMV, the National Securities Market Commission, has denounced OctaFX due to fraudulent activities.
2) October 2021 update: BCSC, British Columbia's financial regulator, has reported OctaFX due to fraudulent activities.
3) April 2024 update: CNMV, National Securities Market Commission, has denounced OctaFX due to fraudulent activities.
✔️ CLAIM MONEY FROM OctaFX:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can claim your money.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT OctaFX:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
OctaFX is a Forex and CFD investment company.
In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.
OctaFX is a company that I consider UNTRUSTABLE. It has characteristics that make it a very unsafe company: be very careful.
If you have lost your money or been scammed, I recommend you try the capital recovery service.
If you want to close your account write an email requesting it to the company's support email.
It is an unregulated company, be careful.
If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.
Leave me a comment on this review, if you scroll down, at the end of the review you will find the comments section. Leave me a comment with your question and we will answer you as soon as possible.
good morning
I am in the same case as him. I can't contact them and they don't return my money.
what do I do?
all the best
Hello inma, this broker called OctaFx is a SCAM, many investors have sued OctaFx for fraudulent activities, it is not advisable to invest money in an UNREGULATED broker. It's a SCAM and does not return money to its customers.
ALL positive comments from this broker are FALSE, they are made by their own workers to confuse investors, flood social networks with positive messages about them and it's all FALSE! and when customers ask them about our reviews they say we are from the competition, also FALSE!.
If they force you to pay some type of tax, legalization or something similar, do not even think about doing it, that indicates that they are a fraud since those taxes don't existThey ask for it so they can steal more money from you.
We recommend to all those affected recover the money from the CHAT what we have on the web or in the following link: Get your money back, we are on your side
Greetings.
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
Hi Ana, OctaFX is not a pyramid scam. You can read a review at this link: https://brokersdeforexconfiables.com/octafx-opiniones/
Greetings.
Octa fx is it reliable? What do you advise?
Hello Vc, we have a review about them on our website:
Octafx: https://brokersdeforexconfiables.com/octafx-opiniones/
You can also check this section:
https://zuverlassigerforexbroker.com/beste-Makler-2021/
Greetings.
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.
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.
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.