OctaFX has been warned by Malaysia SC, BNM, CNMV for unlicensed activities; scrutinized by Indian regulators, fined for unauthorized forex trading.
Octa
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Licence Status
regulated by CySEC
A
CySEC 372/18
B
FSCA 51913
C
MISA T2023320
Authorised
Authorised
Authorised
Contact
Broker News
OctaFX Hit by Another Withdrawal Crisis at Year-End as Longstanding Issues Resurface
Dec 24, 2025
Recently, across multiple investor communities and complaint platforms, criticism of forex broker OctaFX (also known as Octa) has once again intensified.
OctaFX Crackdown Deepens: ED Freezes ₹2,385 Crore in Crypto, Mastermind Arrested in Spain Amid Expanding Global Fraud Probe
Oct 21, 2025
India’s ED seizes ₹2,385 crore in crypto and arrests OctaFX’s alleged mastermind in Spain, exposing one of the largest forex-linked money laundering networks to date.
CySEC Suspends Voting Rights of Octa Markets' Majority Shareholder
Sep 04, 2025
Cyprus' financial regulator has suspended the voting rights of Octa shareholder Pavel Prozorov, following allegations by Indian authorities that Octa provided unauthorized financial services.
Account Type
6.5
Average
different account currencies supported
Trading Platforms
MT4
Min Deposit
25.0 USD
Max Leverage 1 : 1000
Min Trade Volume
0.01 Lots
Margin Call Level 25%
Stop Out Level 15%
Commission
0 USD
Spread Type
Variable Spread
Account Currencies
USD
Trading Instruments
Cryptocurrencies,
Indices,
Energies,
Precious Metals,
Forex/Currencies
EA
Hedging
Scalping
Negative Balance Protection
Islamic
Deposit and Withdrawal
6.5
Average
support crypto wallets
Features
Company and Service
6.5
Average
high spreads & good customer support
Features
Profile
Headquarters Address
Bonovo Road – Fomboni, Island of Moheli, Comoros Union
Founded 2011
Broker Type
STP
Time Zone GMT+3
Credit Profile No information
Trading Platforms
MT4
OctaTrader,
MT4
MT5
OctaTrader,
MT5
Contact
No Data
Others
Website Language
Bengali,
Chinese(Simplified),
Chinese(Traditional),
English,
German,
Hindi,
Indonesian,
Malay,
Portuguese,
Spanish,
Thai,
Turkish,
Vietnamese
Customer Service By
Email,
Live Chat
Supported Language
Bengali,
Chinese(Simplified),
Chinese(Traditional),
English,
German,
Hindi,
Indonesian,
Malay,
Portuguese,
Spanish,
Thai,
Turkish
Octa is an international financial broker that has been revolutionizing the trading experience since 2011. With over 40 million accounts opened in 180+ countries, Octa has evolved from an FX specialist into a comprehensive multi-asset powerhouse, prioritizing transparency and user-centric technology.
The Evolution: Beyond Forex
In its recent global rebranding, Octa expanded its horizon to offer a more versatile collection of financial instruments. This transformation is anchored by the motto "Trading Made Clear," focusing on removing hidden fees and simplifying market access for every level of trader.
Proprietary & Industry-Standard Platforms
Octa provides a synchronized trading environment across multiple devices, featuring:
- OctaTrader: A state-of-the-art proprietary platform integrating expert analytics and seamless profile management.
- MetaTrader 4 & 5: Full support for the world's most popular trading ecosystems with high-speed execution.
- Octa Copy: An award-winning copy trading service allowing users to replicate the strategies of "Master Traders" with one tap.
Institutional-Grade Conditions for All
Octa is renowned for its "Zero-Fee" philosophy, which significantly reduces the cost of entry and maintenance for active traders:
| 0% Swaps Full Sharia compliance for all accounts. |
1:1000 Leverage Maximizing capital efficiency for FX pairs. |
| 300+ Instruments Forex, Stocks, Indices, and Commodities. |
$25 Min Deposit Accessible starting point for global investors. |
Regulation and Fund Security
Octa operates under a multi-regulated framework to ensure the highest level of financial integrity. Client funds are kept in segregated accounts, fully isolated from company capital.
- CySEC (EU): Regulated by the Cyprus Securities and Exchange Commission for European operations.
- MISA (International): Licensed by the Mwali International Services Authority (License T2023320).
- Global Presence: Registered entities serving traders across Asia, Africa, and beyond.
Frequently Asked Questions
Is OctaFX and Octa the same company?
Yes. Octa is the official rebranding of OctaFX, launched to reflect the brand's growth into a multi-asset brokerage that offers more than just foreign exchange.
Does Octa charge swap fees?
No. One of Octa's primary advantages is 0% swaps on all accounts, meaning no interest is charged on positions held overnight, making it ideal for long-term and Islamic traders.
What is the minimum deposit for Octa?
Octa maintains a low entry barrier with a minimum deposit requirement of only $25 (varies by region/currency).
Awards: Winner of "Best Online Broker Global 2022" and "Best Global Broker Asia."
Risk Warning: Trading involves significant risk to your invested capital. Please ensure you fully understand the risks and seek independent advice if necessary.
Overall Score
6.5
36 Reviews
Cost 6.5
Platforms 6.5
Deposit & Withdrawal 6.5
Customer Support 6.5
Indicates the average level of Brokers
Keywords for selection
High Spreads
Bad/Unprofessional Customer Support
36 Reviews Clear filter
Sort by
Jinn Kai
i wanted to make a withdrawal with my wise visa card but i deposited twice with a card not under my name. that was my mistake but their customer support is not helpful and doesnt actively cooperate with me. after that, my wise visa card got verified and i still cannot withdraw my funds. i told them the first visa card not under my name is not needed for verification because i will not use it for depositing or withdrawing and now they dont respond to my emails. this is my octa account number is 102814262
Dec 03, 2025
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Dennis Wade
Withdrawals take forever! I’ve been waiting for more than a week and all I get are excuses about “bank delays.” It’s ridiculous.
Oct 27, 2025
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Dennis Salloum
please make sur is scam company many person lost money on the first tell you we open on 2015 but dont belive it is person replay on chat and deposit is not auto is only one address for deposit for all account be safe please is scam i try it and is scam group telegram and scam website be safe
Sep 19, 2025
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EBlignaut
for me octa forex best about costs! no swap no comission no extra fee no hidden fee just swaps pay and no problem! but octavision AI is still not very developing still basic advice it gives.
Sep 07, 2025
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Srinivasa Raju K
I have sent money from my bank account to the octafx, Even after 3 days my money not credited to my account They are simply telling finance team working on the issue Octafx support ticket 215439
Sep 05, 2025
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Official BrokersView
Dear Srinivasa Raju K,
Regarding the issues you've encountered with this broker, you may submit a complaint along with supporting evidence. Please click the link below to proceed：https://www.brokersview.com/complaint. Contact email：service@brokersview.com
Sep 08, 2025
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Wind oh
Recently I found this app are not really stable. Like today 9pm I lost all my profit due to server down. I unable to deposit and saw all profits become $0.Log an report still waiting for reply.Customer service reply:Our service is under maintenance right now. We are aware of the issue and our team is currently working on it to resolve that matter as soon as possible.Please accept our apologies if any inconvenience was caused and we humbly ask you for your patience.I apologize for any inconvenience this may have caused. I understand how frustrating this must be for you and I assure you that we are taking immediate action to resolve the issue.
Sep 02, 2025
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Haitham Ebrahim
They are not ready to pay you. In my experience their service is worst . To withdraw my funds I was to pay more than 1000 USD in spite of all amount paid they didn't transfer the amount through the TRC 20 wallet nor through wire transfer into my bank account instead they sent it through DHL as cash and that agent again charged 450 USD and now he is asking me to pay 600USD. Still I am yet receive my money which I think will not happen. They are big scamster kindly be aware and safe gaurd your money from such people
Jul 30, 2025
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Gurpreet Singh
Octa not given my withdrawal for $601 for last 4 days, my account is already verified and now when I want to withdraw my money from Octa than they deemand for bank statement to verify my deposit and withdrawal, now it's 5 days are over they have only one answer (Dear client,Thank you for your patience.Please be informed, that our team is currently processing your request. We will inform you via the same email chain once we get any update.Please contact us here or via our live chat should you have any questions.Here is our blog and Youtube channel.)I request you to Octa pls give me my funds so I can use and clear my bills.Waiting for your response My details are belowSurisaab03@gmail.com9653124635Octa id - 123411743
Dec 23, 2024
1
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1
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Rocket D-60
Saya sudah deposit ke akun saya sejak Senin tanggal 3-6-2024. Namun sampai sekarang belum masuk juga dan tidak ada etiket baik dari pihak octafx untuk menyelesaikan. Hanya mengandalkan jawaban BOT yang selalu sama seolah CS yang melayani. Fuck up!!!!!
Jun 04, 2024
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Okiju Kee
OCTAFX NOT A TRUSTED BROKER. LESS THAN 2 MTHS I AM FACING BLOCKING ON WITHDRAWAL FROM MY OWN ACCOUNT ON OCTAFX. EVEN AFTER EXPLAINED, THEY WILL ASKED THE SAME Qs AND CREATE NEW DIFFICULT JUST TO STOP YOU ON WITHDRAWAL.FIRSTLY THEY WILL DENIED IN RECEIVING THE REQUESTED STATEMENT AND AFTER THAT THEY SAID THEY CANT FIND THE TRANSACTIONS ON THE STATEMENTS EVEN WAS OBVIOUSLY THERE, THEN THEY WILL SAID THEY CANT SEE IT.AFTER WITH ALL THE EVIDENCES PROVIDED, THEY WILL COME OUT WITH DIFFERENT DATE OF STATEMENT REQUEST AND IS OBVIOUS THAT WAS EXPLAINED IN MULTIPLE TIMES STATEMENT DATE CUT OFF.
Mar 09, 2024
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Rate and Review
Copyright © 2026 FastBull Ltd
Risk Warning
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
Disclaimer
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.