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.
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