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Score

6.22 /10
Average

Octa

Cyprus

5-10 years

Regulated in Cyprus

Market Maker (MM)

MT4 Full License

Global Business

High potential risk

AA

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Quantity 175

Exposure

Time Machine
Website

Score

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Open Account

Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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2022-09-20
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ID BAPPEBTI
2022-02-02
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MY SCM
2020-01-01
INVESTOR ALERT LIST
Octa

Contact number

English

+357 25 251 973

Broker Information

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Company Name

Octa Markets LTD

Company Abbreviation

Octa

Platform registered country and region

Cyprus

Company website

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Pyramid scheme complaint

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WikiFX Risk Alerts 3
Previous Detection : 2025-07-02
  • The number of the complaints received by WikiFX have reached 132 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
A Visit to OCTAFX in Cyprus – No Office Found
A Visit to OCTAFX in Cyprus – No Office Found
A Visit to OCTAFX in Cyprus – No Office Found
WikiFX Survey
Octa
Danger
Octa Cyprus
A Visit to OCTAFX in Cyprus – No Office Found
A Visit to OCTAFX in Cyprus – No Office Found
A Visit to OCTAFX in Cyprus – No Office Found
WikiFX Survey
Octa
Danger
Octa Cyprus

WikiFX Verification

    Overview

    Biz Area

    WikiFX Survey

    Website

    MT4/5

    Genealogy

    Clones

    Keywords

    Account

    Time Machine

Exposure

175 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw funds

Hello, my name is Rico Nurhidayat. I would like to convey some difficulties regarding the withdrawal of my funds in my Octa account, which cannot be done. My account has been blocked by Octa, and I am unable to withdraw approximately $1623. I have also contacted them through customer service and email, but they stated that they cannot refund the funds and the account remains blocked. This incident occurred from February 10, 2025, until now, March 19, 2025, and there has been no solution from the broker's side. I kindly request if there is any solution to my problem. 🙏🏻

2025-03-19 12:21
Unable to Withdraw

Delayed withdrawal when in profit

I have uses Octa for about 6 months when they started playing games. I was profiting about 15K USD (Fix Rate). When I wanted to withdraw, they say a lot of excuses to delay my withdrawal. Some of these reasons include: We need to verify with the bank, we are waiting for the funds provider, holiday season, etc… And then after 1 week from my withdrawal request, they say my account is under investigation for suspicious activities. Yeah, the suspicious activities that they were referring to was I was profiting a lot…hahhahaha. Then i was informed they do this routinely to make sure their clients’ funds are safe. But when i asked my friends who used Octa, they never have this happened to them because they were profiting way less than me. And the. after almost 3 weeks, they finally approved my withdrawl request. aAnd one more thing, their customer service are basically all robots. they use fake names amd profile pictures. Please dont use Octa.

2024-12-06 15:08
Others

Stealing profit

Stealing by transferring some of my profits from the balance in the position to approval and they calculate the balance from the position so I experienced a total loss of USD 86869.53 until now, octa market incorporated has not returned my stolen money I ask octa market incorporated to acknowledge this theft of my funds and return my funds in the picture is random as an example of the money they stole and it is clearly visible from the screenshot evidence, please the competent party help me because it is not a small amount, just info they have been stealing my profits since May 16, 2022, until October 1, 2024

2024-11-22 18:33
Unable to Withdraw

Unable to withdraw funds

Good evening, my name is Rico Nurhidayat and I would like to address the issue of withdrawal that has been unable to be processed for almost 2 weeks. I have also inquired about this issue with the customer service on the platform, but they only provided the reason that the funds are being processed by the Finance department and asked me to wait. However, there is no clarity and I am only told to wait. I contacted them the next day and received the same reason. I was also notified that my account is under investigation. The customer service also suggested sending an email, which I have done, but the response remains the same, that I have to wait and my account is still under investigation. After a few days, I confirmed through email and the platform commented that the deposit amount is not greater than the profit obtained. This led us to conclude that our subordinates must deposit a large amount in order to facilitate the withdrawal process. Therefore,

2025-02-19 22:53
Unable to Withdraw

Unilateral Withdrawal Rejected

Good evening, I'm Rico Nurhidayat and I want to express my issue regarding the inability to withdraw funds for almost 2 weeks. I've contacted the customer service of the platform, and they only provided reasons that funds are being processed by the Finance Department and asked to wait without any clarity. I was informed that my account is under investigation. I was advised to send an email, which I did, but received the same responses. A few days later, the platform responded stating that the deposit amount is not larger than the profit gained, leading us to the conclusion that we must deposit a substantial amount to ensure smooth fund withdrawal, because the smaller deposits we have made are quite difficult.

2025-06-01 15:26
Unable to Withdraw

I cannot withdraw my funds from Octa.

I have been trading with octafx since 2021, and so far there have been no problems regarding deposits or withdrawals. In the past few months, I have made a significant profit due to the increase in the price of the xrpusd pair, so I have been making frequent withdrawals. After several withdrawals, suddenly my account could not be verified and I couldn't withdraw funds. I asked through email and live chat and was informed that my account is being checked for AML and requested bank deposit statements from March to December. I immediately prepared the bank statement and sent it to octa support. After a few days, I received an email from octa's KYC stating that my account has been verified and I can make deposits and withdrawals. So I tried to make a withdrawal. However, the withdrawal status is always pending, and when I asked the live chat, they said that my account is still being checked with an indefinite timeframe. The large broker octa is withholding the profits that rightfully belong to me as a client.

2024-12-25 10:52
    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

    Octa Black: Octa broker's premium trading experience

    NewsOcta Black: Octa broker's premium trading experience

    2025-06-27 20:55

    Octa, a globally regulated and trusted broker since 2011, rewards its high-value clients in Indonesia, Malaysia, and Nigeria with an exclusive, invite-only privilege program branded 'Octa Black'. The

    WikiFX
    2025-06-27 20:55
    News
    Octa Black: Octa broker's premium trading experience
    'The best CFD broker 2025': Octa receives yet another award

    News'The best CFD broker 2025': Octa receives yet another award

    2025-06-26 16:45

    Octa, a globally regulated and trusted broker since 2011, was recently named 'The best CFD broker 2025' by the AllForexRating.com portal. Having amassed more than 10 industry awards in 2025 only, Octa

    WikiFX
    2025-06-26 16:45
    News
    'The best CFD broker 2025': Octa receives yet another award
    Beyond $100 or below $70? Octa Broker analyzes Middle East conflict's impact on oil

    NewsBeyond $100 or below $70? Octa Broker analyzes Middle East conflict's impact on oil

    2025-06-20 18:36

    Crude oil, which is arguably the world's most important commodity, is on everybody's mind right now. The reason? Flared up conflict in the Middle East is increasing risks of a major oil supply shock,

    WikiFX
    2025-06-20 18:36
    News
    Beyond $100 or below $70? Octa Broker analyzes Middle East conflict's impact on oil
    Trapped Capital: Complaints Exposing OctaFX’s Questionable Practices

    ExposureTrapped Capital: Complaints Exposing OctaFX’s Questionable Practices

    2025-06-12 16:49

    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.

    WikiFX
    2025-06-12 16:49
    Exposure
    Trapped Capital: Complaints Exposing OctaFX’s Questionable Practices

    User Reviews

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    User comment

    92

    Comments

    Write a review

    AbijahSilaban
    0-3months
    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.
    2025-06-27 20:48
    Reply
    0
    0
    IzzaHamid
    0-3months
    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...
    2025-06-19 00:22
    Reply
    0
    0
    AndileDlamini
    0-3months
    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.
    2025-06-12 20:24
    Reply
    0
    0
    BhekiSibanda
    0-3months
    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.
    2025-06-06 13:44
    Reply
    0
    0
    teeto
    more than one year
    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.
    2025-06-05 17:18
    Reply
    0
    0
    kween
    more than one year
    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
    2025-06-05 11:25
    Reply
    0
    0
    FX1242016544
    3-6months
    Good evening, I'm Rico Nurhidayat and I want to express my issue regarding the inability to withdraw funds for almost 2 weeks. I've contacted the customer service of the platform, and they only provided reasons that funds are being processed by the Finance Department and asked to wait without any clarity. I was informed that my account is under investigation. I was advised to send an email, which I did, but received the same responses. A few days later, the platform responded stating that the deposit amount is not larger than the profit gained, leading us to the conclusion that we must deposit a substantial amount to ensure smooth fund withdrawal, because the smaller deposits we have made are quite difficult.
    2025-06-01 15:26
    Reply
    0
    0
    SyazwanNasir
    0-3months
    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.
    2025-05-17 21:12
    Reply
    0
    0
    FX3478476492
    0-3months
    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!!!
    2025-05-11 13:45
    Reply
    0
    0
    RAKHI7513
    3-6months
    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.
    2025-04-30 22:20
    Reply
    0
    0
    FaadiN
    0-3months
    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.
    2025-04-30 20:33
    Reply
    0
    0
    irfanismail
    0-3months
    Navigating Octa has been easy and exploring the platform has been a great in knowledgeable experience.
    2025-04-10 19:53
    Reply
    0
    0
    MphoNdlela
    3-6months
    The platform offers a user-friendly interface and reliable execution. Trades open and close quickly, with no noticeable delays. The charting tools are effective, and customization options make analysis easier. Deposits and withdrawals have been processed efficiently so far, making it a solid choice for trading 💵😆
    2025-03-26 20:45
    Reply
    0
    0
    FX1242016544
    3-6months
    Hello, my name is Rico Nurhidayat. I would like to convey some difficulties regarding the withdrawal of my funds in my Octa account, which cannot be done. My account has been blocked by Octa, and I am unable to withdraw approximately $1623. I have also contacted them through customer service and email, but they stated that they cannot refund the funds and the account remains blocked. This incident occurred from February 10, 2025, until now, March 19, 2025, and there has been no solution from the broker's side. I kindly request if there is any solution to my problem. 🙏🏻
    +3
    2025-03-19 12:21
    Reply
    0
    0
    RafzalaliNyamboohie
    3-6months
    I sawed one-touch trading feature in octa trader and since then i was used only this! Market info you have here - I recommend this app to fresh men
    2025-03-17 20:19
    Reply
    0
    0
    DeKang
    3-6months
    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.
    2025-03-11 19:36
    Reply
    0
    0
    AtengWeisheng
    3-6months
    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.
    2025-03-03 01:08
    Reply
    0
    0
    FX1242016544
    3-6months
    Good evening, my name is Rico Nurhidayat and I would like to address the issue of withdrawal that has been unable to be processed for almost 2 weeks. I have also inquired about this issue with the customer service on the platform, but they only provided the reason that the funds are being processed by the Finance department and asked me to wait. However, there is no clarity and I am only told to wait. I contacted them the next day and received the same reason. I was also notified that my account is under investigation. The customer service also suggested sending an email, which I have done, but the response remains the same, that I have to wait and my account is still under investigation. After a few days, I confirmed through email and the platform commented that the deposit amount is not greater than the profit obtained. This led us to conclude that our subordinates must deposit a large amount in order to facilitate the withdrawal process. Therefore,
    +2
    2025-02-19 22:53
    Reply
    0
    0
    FX2376161508
    3-6months
    My fund withdrawal is being complicated, I have to request transaction documents from July 2024 until now, February 2025, with reasons for security, etc. I have withdrawn since the 11th until now, but it hasn't been credited.
    2025-02-18 14:08
    Reply
    0
    0
    Chunkymilly
    more than one year
    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
    2025-02-17 20:54
    Reply
    0
    0
    99+
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    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
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