Octa Stocks FX Review

Choosing a trustworthy broker is important when investing in the stock market or trading currencies. Octa Stocks FX is one option, but how do you know if it’s safe or a scam? This guide will show you how to evaluate Octa Stocks FX by looking at their reputation, customer reviews, regulatory status, and overall reliability. By the end, you’ll know whether Octa Stocks FX is a safe choice for your investments or if you should be careful.

🏢 Headquarters	Cyprus
🗺️ Company Name	Octa Markets Cyprus Ltd.
🗺️ Foundation Year	–
🗺️ Company Address	1, Agias Zonis and Thessalonikis Corner, Nicolaou Pentadromos Center, Block: B’, Office: 201, 3026, Limassol, Cyprus
🗺️ Website	https://www.octaeu.com/
🗺️ Contact	support@octafx.com
💻 Regulatory Status:	No Regulation
🗺️ Type of License	No license
💰 Should I trade with it	No (We don’t recommend)
⭐ Scope of Business	Suspicious

What is Octa Stocks FX?

Octa Stocks FX is a CFD broker that started in 2011. CySEC (Cyprus) has regulated it since 2018. South African clients use FSCA regulation through Orinoco Capital Pty. For clients outside the EU and South Africa, the broker has a license from MISA (Comoros).

Octa offers trading on the MT4, MT5, and OctaTrader platforms. These platforms are available on desktop, mobile, and WebTrader versions. Octa also has its own social copy-trading platform. You can trade Forex, Commodities, Stocks, Indices, and Cryptocurrencies. Besides these claims, let’s examine the actual reality below.

Is Octa Stocks FX a Safe or Scam Broker?

Octa Stocks FX promises a guaranteed daily return on investment and claims that you can easily achieve profit targets. They also say you “can’t lose money” because they have insured their clients’ funds. However, it seems like Octa Stocks FX is trying to imitate a legitimate broker (Octa) – check out my guide to forex scams to learn more about cloned firms. Octa Stocks FX is unregulated and appears on the FCA’s warning list. We do not recommend opening an account with them.

FAQs

What is Octa Stocks FX?

Octa Stocks FX has been a CFD broker since 2011. You can trade Forex, Commodities, Stocks, Indices, and Cryptocurrencies on MT4, MT5, and OctaTrader. They also offer social copy-trading.

Is Octa Stocks FX regulated?

Yes, CySEC regulates it in Cyprus from 2018, and FSCA regulates it in South Africa through Orinoco Capital Pty. Outside the EU and South Africa, it has a MISA license in Comoros.

Is Octa Stocks FX safe to use?

No, Octa Stocks FX is not considered safe.

More Reads: FastSecureFX Review