OctaFX

  • category
    Forex
  • Views
    56
  • Reviews
    1

About OctaFX



The Octa Trading App has the potential to become an official Forex trading tool, making it possible for users to conduct transactions in a frictionless manner, whether they want to deposit or withdraw funds. Individuals can efficiently manage their Octa personal profiles, make deposits, and easily control actual, demo, and contest accounts because of the numerous settings that are contained inside its interface. Accessibility is ensured from any location, whether it be a coffee shop, an airport lounge, or while on the move, thanks to its most recent incarnation, which offers a performance that is astonishingly quick in addition to a design that is both elegant and user-friendly. Individuals who are actively participating in the ever-changing world of foreign exchange trading will find the Octa Trading App to be an indispensable instrument due to its combination of effectiveness and ease.

OctaFX

  • category
    Forex
  • Views
    56
  • Reviews
    1

2.3

trust score

2.1

brand audit

1.5

user’s score

1

user reviews

High risk
Specialization Trading X (Twitter) Yes Facebook Yes Fraud AllegationYes
Deceptive Marketing Concerns High Misleading Claims Concerns High Transparency Score Medium Conflict of Interest Concerns Medium
Sued by Clients Yes Negative Reviews Online Yes Risk Factor 0.83 Adverse Media Yes
Brand Awareness Low Unfair Competition Allegations Yes Corruption Concerns High Poor Services Allegations Yes
Unprofessionalism AllegationsYes Brand Impact Low Search Visibility Medium
An overview on OctaFX
OctaFX is a reliable partner in the financial market that specializes in directing traders toward changes that will result in successful outcomes. The goal of their organization is to make the financial markets more accessible to the general public by offering educational tools, clear trading conditions, and portfolio management services. By demonstrating a commitment to continuous improvement, they constantly increase trading conditions, thereby providing traders with the tools that are necessary for achieving desired outcomes. Their worldwide presence guarantees that they are accessible to traders all over the world, and their success stories highlight the fact that their trading environment is both cost-effective and empowering.
User score
1.5
Trust
experience
service
ethics
Pros
  • Highly experienced
Cons
  • Poor online presence
  • Suspicious marketing claims
  • Faced multiple complaints
  • Lack of transparency
3 RED FLAGS FOR OctaFX

OctaFX has a consumer rating of 1.5 stars from 1 consumer complaints and reviews indicating that most customers are NOT satisfied with their experience. Consumers unhappy with OctaFX most frequently mention bad support and high costs.

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critical intel on OctaFX

Substantial dangers to investors

OctaFX, a financial service provider that has not been approved, has been placed on the list of Financial Consumer Alerts maintained by Bank Negara Malaysia. Additionally, the Securities Commission has highlighted OctaFX for engaging in activities that are not authorized. Using a variety of URLs, they conduct their business and may have clone businesses that are engaged in illicit schemes. Even though they provide attractive deals, it is essential to steer clear of their services because they present substantial dangers to investors. Always keep in mind that if anything seems too good to be true, it just might be.

Posted by Saiful Ridzaimi Posted on Aug 30, 2022 SERP >10 Type News report
Language English Sentimental analysis Negative Brand Impact Low Search Visibility Medium
Financial Consumer AlertsYes Scam AllegationsYes Alleged Dangers to InvestorsYes

Top 3 negative keyword association :

  • Alerts
  • Scam
  • Danger
High-risk investment for Malaysian traders

OctaFX is deemed to be a high-risk investment for Malaysian traders, even though it is regulated in another country. The Securities Commission and Bank Negara have both identified OctaFX as engaging in operations that are not approved. It is concerning that they advertise using “success stories” and controversial local personalities, as this raises questions about the marketing strategies they employ. The need to exercise caution and not mindlessly follow celebrity endorsements cannot be overstated, particularly when dealing with high-risk ventures such as FX trading.

Posted by Dzamira Dzafri Posted on 30 August 2022 Forex TraderYes Risk for Malaysain TradersVery high
SERP >10 Brand Impact Medium Source Reliability Very High Search Visibility Low
High-risk venturesYes Scam Yes

Top 3 negative keyword association :

  • Scam
  • Forex Trader
  • High Risk
Unauthorized Services

The Reserve Bank of India (RBI) expressed its worries in a report that was distributed across departments. The RBI was concerned about several online trading platforms, such as OctaFX, Olymp Trade, and IQ Option, which provide services for trading foreign exchange without authorization. The Reserve Bank of India (RBI) does not authorize these platforms, and the Securities and Exchange Board of India (Sebi) does not recognize them. However, these platforms frequently advertise large returns and bonuses. Despite repeated warnings and guidelines by the Reserve Bank of India (RBI), such unauthorized services continue. Some platforms even offer derivative products such as contracts for differences (CFDs). The Reserve Bank of India (RBI) has detected misleading marketing on a variety of platforms, including social media and gaming apps, which entice users with features similar to lottery games and claim that authorities in other countries regulate them. In addition, to circumvent rules, these sites have developed alternate payment methods, such as accepting payments in rupees through domestic systems or cryptocurrency. The Reserve Bank of India (RBI) highlights that the liberalized remittance scheme that was designed under the Foreign Exchange Management Act (FEMA) does not allow remittances to offshore exchanges for margins.

 

Posed on 04 Feb 2022 Posed by Gopika Gopakumar Unauthorized servicesYes Misleading MarketingYes
Guildlines Issued by Reserve Bank of India (RBI) RBI concerned about online trading platforms #1OctaFX RBI concerned about online trading platforms #2Olymp Trade RBI concerned about online trading platforms #3IQ Option
SERP >10 Brand Impact Medium Search Visibility Low Content Type News article
Search Visibility Low

Top 3 negative keyword association :

  • Misleading Marketing
  • Unauthorized services
  • online trading platforms

1 Comments

OctaFX has a consumer rating of 1.5 stars from 1 consumer complaints.
  1. trust
    1.5
    Experience
    2
    Service
    1.5
    ethics
    2

    OctaFX is a scam. They stole over $4000 from me and blocked me when I asked for a refund.

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