Is OctexTrade a scam or Legit?
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 OctexTrade 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 researches 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.
Address: 9591 Baltimore Ave, College Park, MD 20740, United States
Warned By: Not Recommended By Review Website Like Brokers Complaint
Warning Signs- Why OctexTrade is a scam broker?
Regulation and License
OctexTrade seems to be unregulated as it doesn’t hold a license from any regulatory body. A trader, before investing, should research about the broker’s regulation and license. If the broker doesn’t hold any license, then there must be a risk of scam.
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.
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.
Domain Age of OctexTrade:
|Date Registered||August 08, 2021|
|Domain Age||10 months, 29 days, 19 hours, 3 minutes, 34 seconds|
Account And Fee Rules
Scam merchants take cash from customers is to be hesitant to charge and illuminate customers who have effectively marked that they can’t pull out funds. The charges, terms, and conditions should be expressed on the site of the agreement. The Account and Fee Rules of OctexTrade seems to be stringent and therefore your account can be in danger if you trade with these people.
Keep yourself away from The Scam Broker If You Notice the Following
- Not Regulated
- An excessively forceful way
- 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
Instructions To Secure Yourself
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 OctexTrade, file a complaint.
Report An Unapproved Firm
After persuing this review and reading other negative OctexTrade reviews, it is clear that this broker is a scam. If you got defrauded by OctexTrade 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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