Brokers Complaint is always looking for different scam brokers present in the market as well as the new emerging scam brokers to warn traders . Through Markets Octa review our aim is to warn traders about Markets Octa broker because this broker is suspected to be a scam according to the researches done by our team. Read full Markets Octa review here.
Company Name: Markets Octa
Address: P.O. Box 1825, Cedar Hill Crest, Villa, St. Vincent and the Grenadines
Warned By: The Cyprus Securities and Exchange Commission (Cyprus)
Markets Octa is an online financial trading platform. It was founded in 2011 and established in St. Vincent and the Grenadines. It is regulated by an authority like (Cyprus Securities and Exchange Commission). The domain of the company is OctaFX.eu. They can contact you by phone number 3572251973 and email at email@example.com.
Is Markets Octa global or not?
Market OctaFX is a global online trading platform as they are available in over 185 countries like the UK, Germany, Australia, South Africa, Thailand, and China. There are more than 30,000 users.
Minimum Deposit and Platforms
The company asks for a minimum deposit for opening an account which is very low in the market. OctaFX offers trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader. More details are available on Markets Octa Review. They also provide a demo account for the trader, which can helpful for an inexperienced trader.
How do they work?
Scam brokers can contact you through social media and online ads. If once you share your personal details with them, they call you back and ask you to invest with them. At starting stage, they ask for a small deposit and give you a good profit. It is a trick they used to gain your trust. After that, they give you exciting offers so that you invest a big amount. But it’s a scam, at the time of withdrawal, you realize that you have been cheated by a scam broker. You can’t access your account because it will be blocked. If you contact them, they show all terms and conditions which you never read before. According to Brokers Complaint, never invest your money with an unregulated broker because they are not safe to invest in.
Is Markets OctaFX legit?
If you are an inexperienced investor and looking for a platform for trading, the important point is to check the regulation status of the company. If a company holds a regulated license that is provided by its country, which means you are secure with them, and they are legal to operate their firm. Markets OctaFX provides a regulated license by the authority(Cyprus Securities and Exchange Commission). Markets Octa is registered in Vincent and Grenadines.
Public review and Ratings
If you are new or inexperienced public opinion is an important point for a trader before investing in a company. Somewhere public reviews and feedback on Markets OctaFX are good, but some users give it a low rating. According to the Brokers Complaint, if a company got negative ratings and feedback and failed to show quality results. It’s a clear indication, that they are also involved in suspicious activities like forex scams or other scams.
OctaFX is a trading platform with a strong variety of asset classes and instruments. It is good for those traders who are new and inexperienced in forex trading and would like to explore it on a stable and affordable platform. Brokers Complaintalways helps you with our free consultation if you are in trouble.
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