Could you please confirm if OctexTrade is legit?

https://octextrade.com/

OctexTrade is not a licensed or regulated broker even though it states offers that look good to be true.

OctexTrade claims to be one of the largest forex and cryptocurrency brands around which is authorized and regulated by the UK Financial Conduct Authority (FCA), the Australian Securities & Investments Commission (ASIC), and the Financial Services Conduct Authority (FSCA) of South Africa. 

However, we did not find any match results for this broker in the above watchdogs' registries. 

Besides, this broker shows its company address is in the United States. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to OctexTrade in NFA or CFTC.

The truth is, OctexTrade is not overseen 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 OctexTrade and trade with licensed brokers.