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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Octa

Cyprus | 5-10 years |
Regulated in Cyprus | Market Maker (MM) | MT4 Full License | Global Business | High potential risk

https://www.octafx.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

OctaFX-Demo

Belgium
MT4
63

Influence

AA

Influence index NO.1

India 9.04
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

63
Server Name
OctaFX-Demo MT4
Server Location Belgium

Influence

Influence

AA

Influence index NO.1

India 9.04
Surpassed 62.40% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

support@octafx.com
https://www.octafx.com/
Foti Kolakidi 16, 1st Floor, Agia Zoni, 3031, Limassol, Cyprus
https://www.facebook.com/octafx/

Licenses

Licensed Entity:Octa Markets Cyprus Ltd

License No. 372/18

VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-07-27
  • The number of the complaints received by WikiFX have reached 133 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
3

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
Octa Markets LTD
Abbreviation
Octa
Company employee
--
Customer Service Email Address
support@octafx.com
Company Website
Company address
Foti Kolakidi 16, 1st Floor, Agia Zoni, 3031, Limassol, Cyprus

Varun Sharma

Unverified

India

hi not reflected my deposited fund in my account 15500 thousand Unable to deposit or withdraw funds

Exposure

07-03

FX3478476492

Unverified

Singapore

OCTAFX Are SCAMMERS! AVOID THEM AT ALL COSTS! they repeatedly charged me extremely high withdrawal fees, rejected my withdrawal multiple times by forcing me to make more and more trades before I could withdraw my capital in my Octafx account! TOTAL Cheats and OCTAFX CANNOT BE TRUSTED!!!

Exposure

05-11

RAKHI7513

Unverified

India

PLEASE DO NOT OPEN ACCOUNT WITH THEM THEY DO NOT ALLOW WITHDRAWAL OF FUND NO RESPONSE FROM SUPPORT TEAM PLEASE STAY AWAY FROM THEM MULTIPLE WITHDRAWAL REQUESTS NOT PROCESSED BY THEM.

Exposure

04-30

Kagiso Mthembu

Unverified

South Africa

Have heard a lot about this feature on different forums, got so interested that i signed up to check it out. ofc, i didn’t have any clue how exactly it works, so i contacted the support team, and they sent all THE detailed information. I didn’t expect them to be so fast in responding to my questions. Well done guys! Then I started using it in practice without any problems. Gotta admit, Octa came up with something great and I’ve not seen something like this in other places.

Positive

5h

GardaSaragih

Unverified

Indonesia

This has been really nice and I like how I easily can work with this broker and not feel overwhelmed. :-) The support has been helpful for the few times I reached out to them.

Positive

07-16

Ka_small44

Unverified

Malaysia

Octa buys with its transparency and affordability of forex trading. But still I can’t call their spreads the lowest I’ve seen. For example, attached picture from the Asian session I usually trade. 1 pip seems a good deal still expected it lower IDK Still a suitable choice for me. Good platform, fast withdrawal approvals by email, I like my experience here anyway Just opinion

Positive

07-12

AhmadSaputra

Unverified

Indonesia

Really one of the best brokers when it concerns costs of trading Basically, only spreads which are lower than market average My theme was swaps, precisely lack of swaps allowing me to trade in swing style for almost free paying small amount for spreads😉 But what about being versatile?! For swing traders is safe heaven but for scalpers… Major problem, no zero spreads accounts. I wanted to expand my strategies there!

Positive

07-05

AbijahSilaban

Unverified

Spain

Octa provided a good service overall. Smooth deposits and withdrawals, not much of execution problems. Transparency is all about them. Though, for me, it was a significant drawback that I couldn’t control costs of trading. I focus on scalp trades and need some sort of stability, which obviously can’t be achieved by variable spreads. I would be happy if they added zero spreads accounts with fixed commissions.

Neutral

06-27

IzzaHamid

Unverified

Malaysia

For some reason, my login info keeps resetting, this is making me upset. I'm not even connecting from other devices, its the same laptop. But about every month, it keeps suggesting I confirm all my info once again. Trading is good, the USD-based pairs, and pairs with NZD/AUD work well, I think Octa has bigger reach in SEA region, and I think the quotes are maybe coming from that region too. They're also good with crypto I've noticed. Just the website logs me out...

Neutral

06-19

AndileDlamini

Unverified

South Africa

Signed up to try out Octa a while back. Setup didn’t take long, but figuring out the extras took some time. Still learning how everything works together. Had a few moments where the charts didn't update as expected but nothing crashed. Support got back, just not fast. Works, but not super smooth for beginners.

Neutral

06-12

BhekiSibanda

Unverified

South Africa

For those who don’t have any clue about their reuptation, let me tell you something. This broker is regulated by CySec, one of the most authoritative entities in the world. I trust them 100%!!! Most of all, i like their new AI chart feautre that saves me so much time and I don’t need to analyze anymore on my own. That tool is able to give you the most accurate patterns and support and resistance levels. It showed a triagnle and I made a nice profit.

Positive

06-06

teeto

Unverified

United States

Octa is actually a very good all round broker which can operate at the level of other top broker in the industry. Offereing 10s of tradeable instruments with very low spread and fast execution. Pretty impressive for me.

Positive

06-05

kween

Unverified

United States

I have to give it up for OCTA, its been 2 years of trading with them on my MT4, and no issues at all. Fast execution speed No lagging Low spread

Positive

06-05

SyazwanNasir

Unverified

Malaysia

I depocited around 110$ in my local currency cause I was expecting the 10 to go to fees. SOmehow I got almost exactly 110, so I guess the conversion rate is pretty good here. Only that it took 3 HOURS to arrive, and even longer when i decided to withdraw the money And the bonus... oh it's not 100% like some other brokers, it's just 50 which is a real shame tbh.

Neutral

05-17

FaadiN

Unverified

Singapore

Let’s begin with that octa is a good broker. I’ve been trading with them for 2 years, to prove this fact. But, the ideal one, no I think, is too early to call it with such statements. I liked the conditions- good numbers on leverage, spreads and zero in the graph in swaps graph. Still, something is missing. IDK, maybe some platforms, like tradingview or ctrader, or some pro perks, like super leverage.

Neutral

04-30

DeKang

Unverified

Singapore

Yes, it is a popular platform and it is a no brainer to offer it. However, what matters is that Octa offers MT5 and takes care of good execution and good speed of traders’ actions there. I can test how my EA run here even better than in m4.

Positive

03-11

AtengWeisheng

Unverified

Thailand

What's an advantage of this app is taht tehy have suppor 24/7 integrated into it and you can adress them if you have any issues. One downside is that you cannot withdraw money at any time.

Neutral

03-03

feairus

Unverified

Malaysia

I had deposited money. they took my money.my Bak already deducted my money .I have the evidence.

Exposure

03-01

Chunkymilly

Unverified

Nigeria

I've used octa for 3 years now and I can attest to it being the best broker I've ever used and very easy to withdraw regardless of your location and the withdrawal method you want to use

Positive

02-17

JoeswantoPark

Unverified

Singapore

Actually I didn`t used to trust brokers or any other services that are quite popular and have been at the market for a long time You know the more customers they gain more likely they will drop the quality of the service;s, to increase the profit. It`s like a common practice in any industry Octa wasn`t among these cases, though The service is solid, no problems with payments and platforms, I was calm, since they offered Metatrader5 software, a quite recognised platform. Conditions were quite good, nothing to complain about, or say too much about🤷‍♂️

Neutral

02-17

FX3616911252

Unverified

India

I have been using OctaFX for the past year. Everything was fine when I was making losses, but when I finally made a profit and requested a withdrawal, they blocked my account and declined my $462 withdrawal. OctaFX scammed me! I sent multiple emails, but there has been no response. OctaFX, don't scam Indian users—refund my $462! My Account Number: 48198739

Exposure

02-08

DarrenOng

Unverified

Singapore

Long time in industry... Spreads on major currency pairs with octa are just excellent, eur/usd 0.8 etc. But I am not limited to this pair, of course. More than a couple of dozen currency pairs alongside the leverage 1:200 for crypto - that’s fantastic or near to fantastic but definitely a choice of crypto matters ti me I also consider the metatrader5 account from octa pretty much affordable. And that’s for consistent operations as I can rely on the quality of in-house execution. Wrapping it up - all well that is going well on my account

Positive

02-04

BayuP7527

Unverified

Singapore

This is my choice and I like how tight spreads they provide on the forex market. Moreover, they don't even charge any commissions for overnight positions. It’s incredible!

Positive

01-16

194
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Company Summary

Company Summary

Company profile

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts.

At the moment, Octa offers over 300 trading instruments, including:

CFDs on stocks: 150 (Apple, Google, Amazon, etc.)

Forex currency pairs: 52 (EURUSD, GBPUSD, GBPJPY and other popular ones)

Gold and silver

Energies: 3 (XBRUSD, XTIUSD, XNGUSD)

Indices: 10 (US30, NAS100, SPX500, etc.)

Cryptocurrencies: 34 (BTC, ETH, LTC, etc.)

Spanning across the globe, Octa is subject to regulation by several authorities, reflecting the diverse regulatory landscape governing the activities conducted by Octa.

Octa holds the following licenses:

Octa Markets Cyprus Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 372/18.

Octa Markets Ltd. is authorised and regulated by the Mwali International Services Authority (MISA) with license number HY00623410, and international brokerage and clearing house license number: T2023320.

Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number 51913 from the Financial Sector Conduct Authority (FSCA) in South Africa.

Octa offers three account types: MT4, MT5 and account on its own proprietary trading platform OctaTrader. The average spread for EURUSD is 0.7 pips for all accounts with no additional charges or hidden fees. All accounts are swap-free—there are no overnight fees for traders.

OctaTrader platform elevates traders' experience by offering a one-stop solution with features like Space—a dynamic feed with real-time analysis, collaborative tools, and educational resources, all in one place. A library of webinars and tutorials ensures continuous learning for traders at all levels. Another unique tool is OctaVision, powered by AI, which acts as a digital mentor, providing personalised analysis of past trading actions and giving data-driven recommendations to help users refine their trading strategies.


Keywords

  • 5-10 years
  • Regulated in Cyprus
  • Market Maker (MM)
  • MT4 Full License
  • MT5 Full License
  • Global Business
  • High potential risk

News

Why Octa Is the Ideal Broker for MetaTrader 4 & 5 Users

News Why Octa Is the Ideal Broker for MetaTrader 4 & 5 Users

Octa is a well-reputed, renowned, and award-winning broker in the forex market. It offers many exclusive features to investors, such as educational resources, a wide range of assets, dedicated customer support, and access to popular trading platforms like MetaTrader 4 and 5.

2025-07-24 19:09

Stress-free trading: why Octa Broker's 0% swaps benefit every trader

News Stress-free trading: why Octa Broker's 0% swaps benefit every trader

Octa, a globally regulated and trusted broker since 2011, provides a significant convenience by offering swap-free accounts for traders. Swap points explained The difference between thes

2025-07-21 01:47

Survival tactics from Octa broker: unscrupulous brokers' tricks any trader must know

News Survival tactics from Octa broker: unscrupulous brokers' tricks any trader must know

For many traders, one of the main concerns when choosing a financial broker is the risk of falling victim to various shady tricks. The experts at Octa, a globally regulated and trusted broker since 20

2025-07-08 19:35

Trapped Capital: Complaints Exposing OctaFX’s Questionable Practices

Exposure Trapped Capital: Complaints Exposing OctaFX’s Questionable Practices

Traders across Asia are sounding the alarm as OctaFX is accused of freezing accounts, blocking withdrawals, and leaving users helpless, raising urgent concerns that your money might not be safe.

2025-06-12 16:49

OctaFX Flagged by Malaysian Authorities

Exposure OctaFX Flagged by Malaysian Authorities

OctaFX has been officially listed on warning lists by both Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC). These alerts raise serious concerns about the broker’s status and whether it is legally allowed to operate in Malaysia.

2025-06-07 17:33

OctaFX Denies Allegations After India Seizes $9.6 Million

Exposure OctaFX Denies Allegations After India Seizes $9.6 Million

OctaFX denies claims of false promises after Indian authorities seized $9.6 million, emphasizing their commitment to transparent and educated Forex trading practices

2024-08-07 16:30

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