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Octa

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6.5
(71 Reviews)

Founded: 2011 Min Deposit: 20 USD

Headquarters: Comoros Max Lev: 1 : 1000

Risk Level I

OctaFX has been warned by Malaysia SC, BNM, CNMV for unlicensed activities; scrutinized by Indian regulators, fined for unauthorized forex trading.

Score
Business Scope
6.5
Trading Cost
6.5
Trading Platforms
6.5
Support
6.5
Licence Status

regulated by CySEC

CySEC 372/18
FSCA 51913
MISA T2023320
Authorised
Authorised
Authorised
Contact
support@octafx.com
https://www.octafx.com/
https://www.facebook.com/octaworldwide
Multiple Base Currencies Support
Deposit/withdrawal Problems
Multilingual Support
Fast Deposit
Fast Withdrawal
Multiple Account types
Tight Spread
Low Commission
Not for US Customers
High Leverage
Mohammad
2023-01-20 Germany
OctaFX is a reliable broker, I have been with them for a long time, and they fulfilled the obligations they gave me from the beginning. I regularly withdraw funds, open orders and complete transactions immediately. I think these are indicators of a good and reliable broker.
Oscar Adams
2022-11-24 Bermuda
Low spreads, fast execution, useful personal area and withdrawal funds. octafx is great!
EllenRodger
2022-10-20 San Marino
octafx is a very good broker, but the spread is very high. Please consider carefully
Broker News Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

Broker News

OctaFX Crackdown Deepens: ED Freezes ₹2,385 Crore in Crypto, Mastermind Arrested in Spain Amid Expanding Global Fraud Probe 2025-10-21
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 2025-09-04
Cyprus' financial regulator has suspended the voting rights of Octa shareholder Pavel Prozorov, following allegations by Indian authorities that Octa provided unauthorized financial services.
OctaFX Faces Client Outrage Over Widespread Withdrawal Failures After Ponzi Allegations by India's ED 2025-08-22
Repeated withdrawal failures, shifting excuses, and unresponsive customer service have led investors to suspect that OctaFX is intentionally delaying payouts.

Deposit and Withdrawal

6.5

平均

support crypto wallets

Features

Deposit/withdrawal Problems
Fast Deposit

See more
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Company and Service

6.5

平均

high spreads & good customer support

Features

Quick Response
Good Customer Service
Fast Registration
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
データなし
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

Related Complaints

Q&A Complaints

Is octa legit broker, in terms of their deposit and withdrawal processes?

Kruldar
Indonesia
2024-12-17
ANSWER Dear Investor, Thank you for reaching out to us. We have researched Octa and found some points to consider regarding their deposit and withdrawal processes. Deposit Process: 1. Zero-Fee Deposits: Octa offers zero-fee deposits with various methods, including Visa, Mastercard, Skrill, Neteller, Bitcoin, and Ethereum. 2. Quick Processing: Deposits are often processed instantly. Withdrawal Process: 1. Zero-Fee Withdrawals: Withdrawals are also free of charge and can be made using the same methods as deposits. 2. Verification Required: Account verification is required for withdrawals. 3. Processing Time: Withdrawal requests are typically processed within 1-3 hours, with additional time needed for funds to appear in your account. Of course, in addition to the payment methods, It is important to conduct thorough research and consider other factors, such as reviews and regulatory compliance, before making a decision.
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are there any cool tech analysis tools, apps, signals or smth like that?

Camden Littel
Singapore
2025-04-16
ANSWER Dear Investor, Thank you for your question regarding technical analysis tools, apps, signals, or other resources provided by Octa. We recommend contacting Octa’s customer service team directly or visiting their official website for detailed information.
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Overall Score

6.5
71 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 Good/Professional Customer Support Reliable & Reputable

71 Reviews Clear filter

Sort by
Jinn Kai
0-6 months OctaTrader account Malaysia
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
2025-12-03
Reply
XYOW35E2ZM
7-12 months South Africa
Using octa tutorials - just decetn,More brand branches with multi-regulation=safety?
2025-11-26
Reply
DV1MRVW8G4
Over 3 years Singapore
Time does fly when you are in your comfort zone, and its good things if you mean broker haha because its comfortable tradin with octa. AI analytics help for example.🤖
2025-11-19
Reply
WidiatmoZhen
Not used yet Indonesia
traded on real accnt on OctaTrader, stable platform and thin spreads are here...overall good
2025-11-10
Reply
Nasif Siqdi
Over 3 years Malaysia
Over the course of my experience, they haven’t yet maked the interface of proprietary platforms close to tradingview. The reasonable question is why? Though, I can live with it, making deals for gold and forex on mt5. If not considering charting, good platform. Probably only one nitpick when I review Octa. Other things proofed themselves: cheap costs, strong withdrawals and human support.
2025-11-03
Reply
Dennis Wade
0-6 months MT4 account Romania
Withdrawals take forever! I’ve been waiting for more than a week and all I get are excuses about “bank delays.” It’s ridiculous.
2025-10-27
Reply
Wikus S.
1-3 years South Africa
Was impressed when I first started doing my research on the broker because even then like 2 years ago they weere popular.I remember being impressed by how many reviews in total they have and their overall was nice, like to get a good score out of so many is a real achivement, so them being solid was out of the question!Octa reviews usually mention the lowest costs and I am one of them now I guess, costs are low and you dont pay for swaps either.But the issues here involve the limited amount of instruments to trade (300+) and AI that is still raw, they need to get it better.
2025-10-24
Reply
GengFu
7-12 months Singapore
If you haven't tried the OctaVision feature, I suggest checking it out NOW! This is an AI tool. it scanned all my USDJPY trades and showed my weak side :) It's like having a trading mentor :)
2025-10-20
Reply
Tanoto Hung
7-12 months Indonesia
Just made a withdrawal and again paid $0 in transfer fees :)
2025-10-12
Reply
Faraah
0-6 months Malaysia
I think with Octa forex is good cause of low prices. Not in the spread, but in the swaps. there are 0 swaps for everyone, and I didnt even have to be muslim to get it. St-raigt-up, ZERO. Thats novel.
2025-10-06
Reply

1-10 of 71 comments

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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.

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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.