OctaFX Website: https://www.octafx.com/
Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
Warned By: Not recommended by review website like Brokers Complaint
Regulated status: Unregulated
Domain Age of OctaFX:
|Date Registered||July 29, 2011|
|Domain Age||11 years, 1 month, 22 days, 13 hours, 42 minutes, 34 seconds|
Are you looking to trade with OctaFX broker? Do you feel it is safe to invest funds with OctaFX? We feel you should go over the complete review before you invest with them. We have compiled the OctaFX Review after investigating the reputation of OctaFX brokers online and conducting extensive research. We have found that this broker is a potential scam. We suggest readers stay away. If you have already put your money with them and felt you are scammed, then you also have an option to recover your lost money from the OctaFX scam. File a Complaint with Brokers Complaint to get a free consultation and recovery assistance.
Read OctaFX review to know about the warning signs of OctaFX scams, and how to save yourself from scams like Forex scams Binary Scams, Cryptocurrency scams, Investment scams, Romance Scams, etc.
Trading can help you to earn extra income, but at the same time, it is also meant to lose your funds if you don’t watch out. Trading is protected and dependable with the right broker and a nightmare with a scam broker. It implies that you should pick a reliable broker for trading instead of a shady and offshore one. Therefore it is significant to figure out about OctaFX before investing your money.
Warning Signs – Why OctaFX is a scam broker?
Following are the signs of a scam broker. OctaFX has some of the following signs or almost all of them which prove that the broker is a scam broker.
OctaFX Review: Regulation and License
OctaFX seems to be unregulated as it doesn’t hold a license from any regulatory body. A trader, before investing, should research the broker’s regulation and license. If the broker doesn’t hold any license, then there must be a risk of scams. License is the most significant thought while choosing a merchant. Firstly, guarantee the license is from a reliable controller and not one who gives a license to any individual who pays a charge. Legitimate specialists might have the option to accomplish something, yet controllers can remove the license from trick intermediaries.
OctaFX Review: Trading Platform
Many dealers use MetaTrader 4 or 5. It’s a well-founded exchanging platform for merchants. It doesn’t imply that any representative using MT 4 or 5 is fundamentally genuine. If a dealer demands utilizing just their exclusive platform, watch out. There are great platforms, but trick merchants can make counterfeit forms that don’t do genuine exchanging yet take cash or information.
OctaFX Review: High Bonuses and Withdrawal Issue
The most commonly used trick that scammers follow is offering a high bonus. They offer appealing returns that may look promising and attractive and make you invest in that plan. But later, you will realize that you got scammed by the broker.
Also, scammers, as you read in this OctaFX review, are famous for not withdrawing your money. They may ask you for more and more money and never return a single penny of your earnings.
Keep yourself away from The Scam Broker If You Notice the Following
- Not Regulated by ASIC, FINMA, CySEC, FMA, FCA, or others in respective regions.
- Unbelievable promises of returns
- An excessively forceful way to take the broker’s offers
- Uncommon or High expenses
- No Fee Transparency
- Unapproved exchanges or refusal to pull out cash
- A reluctance to respond to inquiries regarding the exchanging approach
Read OctaFX Review and Get Help in Fund Recovery
Brokers Complaint is always trying to find different scam brokers present in the market as well as the new emerging scam brokers to warn traders. Through OctaFX review our aim is to warn traders not to trade with this broker because this broker is suspected to be a scam according to the research done by our team.
Here you get assistance perceiving a scam broker before you are excessively profound into it. At whatever point you are in question about any dealer, the best practice is to let the asset recuperation experts help you. They are capable experts with the ability and instruments to detect a con artist and get your assets back.
How To Secure Yourself from OctaFX scam?
Many fraud forex brokers or other scam brokers are working under fake organization names or other deceitful activities. A fundamental examination can go far in securing you and your accounts. Managing financial firms approved or enrolled by legal authorities gives you more prominent assurance assuming things turn out badly. Check out the list of scam brokers 2022 to prevent yourself from getting scammed. And, if you got scammed by OctaFX, file a complaint.
Report An Unapproved Firm
After pursuing this review and reading other negative OctaFX reviews, it is clear that this broker is a scam. If you got defrauded by OctaFX scam or some other intermediary and need to discover more about another agent, address our specialists. We assist customers with documenting the case against trick representatives. With insightful reports and direction, we can help recover your assets. If you have been drawn nearer by a trick firm, then, at that point, contact Brokers Complaint to get fund recovery.
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