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6.49 /10
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octa

Cyprus

5-10 years

Regulated in Cyprus

Market Making License (MM)

MT4 Full License

Global Business

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The WikiFX Score of this broker is reduced because of too many complaints!
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2022-09-20
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MY SCM
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octa

Broker Information

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Company Name

Octa Markets Cyprus Ltd

Company Abbreviation

octa

Platform registered country and region

Cyprus

Company website

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WikiFX Risk Alerts
Previous Detection : 2026-04-02
  • WikiFX has received a total of 137 user complaints against this broker, please be aware of the risks and do not be scammed!
octa Cyprus  Verified:  Operational Office Confirmed
octa Cyprus  Verified:  Operational Office Confirmed
octa Cyprus  Verified:  Operational Office Confirmed
WikiFX Survey
octa
octa Cyprus
octa Cyprus  Verified:  Operational Office Confirmed
octa Cyprus  Verified:  Operational Office Confirmed
octa Cyprus  Verified:  Operational Office Confirmed
WikiFX Survey
octa
octa Cyprus

WikiFX Verification

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    Time Machine

Exposure

149 pieces of exposure in total
Pyramid scheme complaint
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    octa · Company summary
    Quick Octa Review Summary
    Founded2011
    Registered Country/RegionCyprus
    RegulationRegulated by CYSEC
    Market InstrumentsCurrrency pairs, gold/silver, commodities, indices, cryptos
    Demo Account
    Min Deposit50 EUR
    LeverageUp to 1:30
    EUR/USD SpreadFloating around 1.1 pips
    Trading PlatformOctaTrader, Web platform, Android
    Payment MethodsSwissquote, BluOr Bank, RIETUMU
    Deposit & Withdrawal Fee
    Customer Support9 a.m. – 6 p.m. UTC+3
    Email: clientsupport@octaeu.com
    Regional RestrictionsBelgium, the USA, Canada, Spain, and the UK, as well as to jurisdictions outside the European Economic Area (EEA) except Switzerland

    Octa Information

    Founded in 2011, Octa a regulated broker registered in Cyprus, offering trading in currrency pairs, gold/silver, commodities, indices, and cryptos on OctaTrader, Web platform, and Android platforms.

    OctaFX's home page

    Pros and Cons

    Pros Cons
    Regulated by CYSECRegional restrictions
    Various tradable instrumentsMT4/MT5 unavailable
    Demo accounts availableLimited payment options
    Tight EUR/USD spreadNo 24/7 customer support
    No fees for deposits and withdrawals

    Is Octa Legit?

    Yes. Octa is currently regulated by Cyprus Securities and Exchange Commission (CySEC).

    Regulated CountryRegulated byRegulated EntityLicense TypeLicense Number
    Cyprus
    CySECOcta Markets Cyprus LtdMarket Making (MM)372/18
    Is Octa Legit?
    Is Octa Legit?

    What Can I Trade on Octa?

    Octa offers trading in currrency pairs, gold/silver, commodities, indices, and cryptos.

    Tradable Instruments Supported
    Currency pairs
    Gold & Silver
    Commodities
    Indices
    Cryptos
    Stocks
    Bonds
    Options
    ETFs

    Leverage

    The maximum leverage vary on the asset class. Detailed info can be found in the table below:

    Asset ClassMax Leverage
    Currency pairs1:30
    Gold & Silver1:20
    Commodities1:10
    Indices1:20
    Cryptos1:25

    It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

    Leverage

    Spread and Commission

    Octa offers commission-free trading and the EUR/USD spread is floating around 1.1 pips. If you are interested in spreads on other trading instruments, you can visit https://www.octaeu.com/spreads/

    Spread

    Trading Platform

    Octa has a built-in proprietary trading platform - OctaTrader available on the Web, Desktop, and Android versions.

    OctaTrader

    Deposit and Withdrawal

    Octa supports very limited payment options, only Swissquote, BluOr Bank, and RIETUMU.

    The minimum deposit or withdrawal amount are both 50 EUR.

    All deposits and withdrawals are free of charge, and can be processed within 3-7 business days.

    Deposit details
    Withdrawal details

    Customer Support Options

    Octa provides email instead of phone or live chat contact, which will result in traders being unable to deal with emergencies on time. You can also follow them on some social platforms, such as Facebook, Twitter, and Instagram.

    Contact Options Details
    Email clientsupport@octaeu.com
    Social Media Facebook, Twitter, Instagram
    Website Language English, Italian
    Physical Address 1 Agias Zonis and Thessalonikis Corner, Nicolaou PentadromosCenter, Block: B', Office: 201,3026, Limassol, Cyprus
    Customer Support Options

    News

    OctaFX’s Controlling Shareholder Arrested | Is This Broker Hiding a Massive Scam?

    ExposureOctaFX’s Controlling Shareholder Arrested | Is This Broker Hiding a Massive Scam?

    2025-10-26 15:45

    India’s financial authorities have taken strong action against global trading platform OctaFX after uncovering what they describe as one of the largest unauthorised forex scams in the country’s history.

    WikiFX
    2025-10-26 15:45
    Exposure
    OctaFX’s Controlling Shareholder Arrested | Is This Broker Hiding a Massive Scam?
    OctaFX Transitions to Comoro Islands Regulation Under Mwali International Services Authority

    ExposureOctaFX Transitions to Comoro Islands Regulation Under Mwali International Services Authority

    2025-10-23 18:46

    Global forex broker OctaFX has announced that it will now operate under a new regulatory framework in the Comoro Islands, claiming to hold an International Brokerage and Clearing House licence issued by the Mwali International Services Authority (MISA).

    WikiFX
    2025-10-23 18:46
    Exposure
    OctaFX Transitions to Comoro Islands Regulation Under Mwali International Services Authority
    CySEC Restricts OctaFX Majority Owner’s Voting Rights Amid India Probe

    NewsCySEC Restricts OctaFX Majority Owner’s Voting Rights Amid India Probe

    2025-09-12 17:20

    In wake of India’s asset seizure, Cyprus regulator curbs OctaFX owner’s control to preserve local compliance.

    WikiFX
    2025-09-12 17:20
    News
    CySEC Restricts OctaFX Majority Owner’s Voting Rights Amid India Probe
    Motivated to act: Octa Broker celebrates International Day of Charity

    NewsMotivated to act: Octa Broker celebrates International Day of Charity

    2025-09-05 20:00

    World Charity Day is held annually on 5 September to raise awareness and motivate people to help others. In this article, Octa, a globally regulated and trusted broker operating since 2011, highlights

    WikiFX
    2025-09-05 20:00
    News
    Motivated to act: Octa Broker celebrates International Day of Charity

    User Reviews

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    FX1459944709
    0-3months
    I made 2 wtihdrawals on 19 jan 2026, each wd amount is $2500. So total $5000 and status is completed but money not received in my bank account. I complain send my bank account.. But they still delaying my payment! Alreafy 2 weeks.
    2026-02-04 00:35
    Reply
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    0
    FX1459944709
    0-3months
    i made withdrawal on 19 jan 2026 and status is already completed. and got no money received by me. i keep complain and always said on checking. already 2 weeks. i don't know whether they don't want to pay my money or what please help. i have sent my bank statement. and when i ask the proof of transfer money to me. they cannot give me.
    2026-02-02 19:06
    Reply
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    0
    FX3702931450
    0-3months
    I cannot withdraw funds even though the status is complete and the information is very confusing. I have emailed and contacted CS, but the response from Broker did not provide a good solution and was not cooperative even though I have been using Broker for 10 years. I really regret using Broker.
    2026-01-31 18:53
    Reply
    0
    0
    FX2691544081
    0-3months
    With the reference number Complicated on 01/20/2026, but it has not been credited to my account as of 01/28/2026. I followed the instructions from OctaFX on 01/23/2026 to track the transaction with my bank, but my bank stated that there was no transaction with that reference number and that the transaction history for this month (January 2026) showed no transaction with the amount I withdrew. The only information I received from Octa was: The case is under further investigation? However, there has been no solution to date.
    2026-01-28 20:11
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    FX2691544081
    0-3months
    FAST DEPOSITS BUT WITHDRAWALS... I have not received the funds I withdrew from Octa. It has been 5 days since January 20, 2026 - January 24, 2026. The status on Octa and in my email is complicated, but the funds have not been transferred to my account. and I have followed Octa's instructions to contact my local bank using the provided reference number to track the transaction, but the result is nil/there is no transaction with that reference number, and the bank statement also shows NO TRANSACTION!
    2026-01-24 19:37
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    ThembaRadebe
    6-12months
    i liked trading with octa on mt 5 account a)no commissions b)tight spreads most of the time c) not big deposit It's very comfortable to do trades there on mt5 because of multiple timeframes see the behaviors of charts. I used some tutorials from mql5 too to set different tools on multiple tiemframes, see price shifts from different tech perspectives it was good overall, no lags, charts performed fast A note: one day support didn't respond as quickly as they did
    2025-12-31 03:44
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    0
    FX8176565312
    3-6months
    One moment they claim all materials are ready for verification, then suddenly it's impossible to withdraw—it feels like a scam.
    2025-12-29 21:32
    Reply
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    0
    FX5221378362
    3-6months
    Well, I expected account types to be more creative than offering the same condition on each of three platforms… At any event, conditions were nice, so I wasn’t that picky about this matter. I’m not scalper to complain about the lack of raw accounts. Spreads from 0.6 were still decent. And assuming no commission policy, including swaps, it was a cost effective place. I mainly trade on mt5. Classic platform with big capabilities. Octa respected classics
    2025-12-28 20:36
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    Siti_Zulaikha
    3-6months
    Ya know for all that time I’ve been trading with Octa broker, I noticed that almost all my market and pending orders were executed without slippage and I couldn’t even blink an eye to see it. It turned out that their servers are located in London, also in general, Europe and Asia, which means they’re working with a large pool of liquidity providers and that’s why I haven’t encountered any heavy slippage yet. Well, it’s really impressive. They conquered my trust 100%!
    2025-12-25 22:44
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    FX1186906205
    3-6months
    for myself this is minus because only 300+ asset is not good for octa, they have such massive reputation with so many good ratingbut so little asset for trade. in my opinion they need like 1000+ and lot of different stocks too. other things I am good and no questiona about legit because i trust octa they are working since like 2012 this is very long time to get trust of people and they have it.
    2025-12-24 22:13
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    FX3303294933
    3-6months
    Despite Octa has its own platform, I still respect classic metatrader trading. These AI tools, modern charts, it’s my vibe to be honest. Though, it didn’t cancel the fact that the broker showed himself well in the work, giving timely execution and transparent fees. I especially liked the fact that spreads started from low 0.7 pips. For a day trader, it was a juicy deal without any doubts.
    2025-12-23 14:43
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    FX3885757347
    3-6months
    I’ve seen an article about Octa and when I saw they’re offering the services across multiple entities but under one brand name, I thought this is something interesting. That’s why I signed up, it’s the first time when I saw how accounts are tailored to specific platforms. I chose a MT4 account, and to be honest, it didn’t exceed my expectations. Then i switched to octa trader, struggled a little bit also, but much better than mt4.
    2025-12-21 00:33
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    Hadif Ariffin
    3-6months
    There are three different platforms available: -mt4 -mt5 -octatrader I picked the last one becuase I wanted to try something new and it was worth it. It's much better than standard MT4 and MT5 versions. Octa trader offers clients to take advantage of an AI chart feature that analyzes charts automatically and gives you hidden signals. Not gonna lie, I was doubtful a little bit about it but seeing how it works in practice, I changed my mind immediately.
    2025-12-20 22:29
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    FX1692873356
    3-6months
    I have not received my withdrawal its been 8 days and nobody is responding to my emails. My withdrawal id: W22424**** They are not giving me my $35000 I am official partner with octa and i genrate over $350k in commison and you guys treating my like this. This will force me to leave octa and ask my cleints to join other clients Regards
    2025-12-08 14:17
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    Daryl9341
    3-6months
    The withdrawal process is what matters the most, and they have it good. The range of withdrawal methods is big, but honestly, most of them are crypto based. I didn't use all of them, just USDT TRC20. However, as far as I know, the time of process doesn't differs from one method to another. They are all performed in like 4 hours, maybe less, depends on how fast they approve the request.
    2025-11-29 17:53
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    Maelene
    3-6months
    They made things simpler than any other broker i have traded in the past regarding the process of choosing an acc type,. Regarding the trading codnitons, all account are pretty much the same. What you need to choose is your favorit trading engine. I chose the octatrader.. Initially it took me some time to understand the app, but it’s not hard at all. The only limit it has is the max open positions - it’s 50 lots, which is way more than intend to trade, and no EAs.
    2025-11-29 00:30
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    0
    Puteri8451
    3-6months
    october was a month of uncertainty for stock market, stocks made ath and then could not proceed further, I guess it is rotation from sector to sector, so a correction perhaps. Glad that I have access to blue chip stocks provided by octa, good, however, it would be great to widen the pool of stocks in general, some of the names I dont see here. As for platfrom, all is fine, works well, no slippage, correct quotes I get
    2025-11-28 20:33
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    Joan1648
    3-6months
    OCTA offering a decent security for traders, because they are regulated and licensed. Plus, they use segregated accounts to keep clients funds separately, which is important.
    2025-11-27 16:45
    Reply
    0
    0
    Krismon
    more than one year
    Octa offers a fairly stable trading experience for daily use. The registration and verification process runs quickly, so users can start immediately without significant obstacles.
    2025-11-24 22:30
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    0
    0
    FX2009222320
    6-12months
    I use Octa because the platform is stable, execution is quite fast, and deposit and withdrawal processes usually go smoothly. The app is also easy to use. But as always, still be careful with leverage and start with small amounts before going big.
    2025-11-24 19:23
    Reply
    0
    0
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