Octa-Linked Entities Launch Elev8 Forex and CFD Brand Amid Ongoing Regulatory Scrutiny

Former structures operating under the Octa brand have unveiled Elev8 as a standalone forex and CFD trading platform, marking a formal separation in branding while retaining the same underlying legal entities.

According to publicly available information, Elev8 operates through companies licensed in Mauritius and the Comoros Islands—jurisdictions previously used by Octa under a co-branding arrangement with other group entities. Traffic from the octafx.com domain has since been redirected to Elev8's new website, although ownership structures behind both brands have not been publicly disclosed.

The Octa brand itself has not been fully dissolved. Other entities, including a Cyprus-based company regulated by CySEC, were not involved in the rebranding. Additional structures in South Africa and Saint Lucia had also previously operated under the Octa name, though it remains unclear whether they will continue to do so.

Representatives of Elev8 stated that clients previously onboarded under the Mauritius and Comoros entities would be migrated to the new brand without changes to the underlying legal entities. According to the company, only the name and visual identity have changed, while trading conditions, account status, platform functionality, and client privileges remain the same.

However, market observers note that while trader onboarding was conducted under a Comoros Islands license issued by the Mwali regulator, the regulatory standing and credibility of the jurisdiction continue to be debated within the industry.

Notably, Elev8 did not launch its digital presence from scratch. Instead, the operators acquired an existing domain that previously hosted celebrity and pop culture content, with archived records showing updates as recently as December last year. The acquisition of aged domains is a common SEO strategy aimed at accelerating search visibility, though the sharp shift in content focus makes the case unusual.

The rebranding comes against the backdrop of heightened scrutiny surrounding Octa-related entities. In January last year, India's Enforcement Directorate filed a second chargesheet against OctaFX, its founder Pavel Prozorov, and dozens of associated individuals and entities, accusing them of operating a large-scale financial pyramid scheme. Indian authorities later froze OctaFX-related assets, while Prozorov was reportedly arrested in Spain.

Octa representatives have consistently denied allegations of money laundering, misleading profit promises, and market manipulation.