BrokersView

Search
Download
English
Sign In

markets octa

Newest

Popular

I want to do some trading in this broker, is it regulated?
Jacob Chapman
Andorra
2022-08-04
ANSWER Markets Octa is not a regulated or licensed broker for traders even though it states offers that look good to be true. Markets Octa claims to be a regulated broker and only presents a license number 372/18 which is the same format as the licenses issued by the Cyprus Securities and Exchange Commission (CySEC). So we searched CySEC and found a match result to the license number. However, the license number belongs to another firm named "Octa Markets Cyprus Ltd" instead of "Markets Octa". And the domain of Markets Octa (https://marketsocta.com/) is not one of the domains approved by CySEC. Markets Octa may be a clone firm that falsely used the license information of a regulated firm.The truth is, Markets Octa is not under valid regulation by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Markets Octa and trade with licensed brokers.
See more
Is it safe to trade with Markets Octa?
Mikka Litmanen
New Zealand
2022-07-19
ANSWER Markets Octa is not a regulated or licensed broker.Markets Octa claims it started business in 2005 and is a 15-year-experienced broker. However, we checked its domain and found the domain was created on 21 Jan 2022. So how could it start its business in 2005? It is a red flag. Markets Octa also claims to be a regulated broker while presenting no specific regulator. This broker only gives license number 372/18 which is in the form of the licenses issued by the Cyprus Securities and Exchange Commission (CySEC). So we searched the license number in CySEC and found a matching result. However, the license number belongs to another firm named "Octa Markets Cyprus Ltd" instead of "Markets Octa". As per the details shown on CySEC, Markets Octa (domain: https://marketsocta.com) has no connection with Octa Markets Cyprus Ltd since the former's domain is not one of the domains approved by CySEC. Markets Octa may be a clone firm that falsely used the license information of a regulated firm.Moreover, CySEC issued a warning that Markets Octa is not authorized to provide financial services. You can check the full warning from here.These proofs make it clear: Markets Octa is not regulated by any regulators to provide forex services. Investors' funds in the broker are unsafe and can not be protected by any laws. We would recommend traders stay away from unregulated brokers like Markets Octa and trade with licensed brokers.
See more

Hot Topics

Most Viewed

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.