OctaFX: customer reviews about the company’s performance in 2023
Fraud Risks: Pay Attention to Details
Fraudsters often use the well-deserved reputation of companies to deceive users. Some scammers even replicate the websites of real brokers, taking their name and history to exploit the popularity of others. One such rogue, recently emerged on the financial market, is octafx-asia.com, which imitates the institution OctaFX, known for its positive reviews.
Important Details about the Financial Agent
The legitimate OctaFX, according to information, has been providing services for over 11 years and serves more than 21 million clients. The website also notes a wide geographic coverage (180+ countries) and recognition with 60 prestigious awards. The genuine broker is popular among traders and has an excellent reputation that leaves no doubts. However, suspicions are reasonable regarding the copy created by scammers trying to take credit for others’ accomplishments.
Details of the Fake Resource
Contact options are limited to a single email address, which turned out to be fake. Presumably, fraudsters use temporary phone numbers to communicate with potential victims and cease contact when interest in the client is lost.
Existence of Fake OctaFX and its Licensing
The authentic intermediary OctaFX, launched in 2011, operates under a license from the Cyprus regulator (document №372/18). However, the fake broker claims to be operating under Octa Markets Incorporated, registered under number 2023-00092 in St. Lucia, information verified by the validation service. The company with that name does not exist, and the deceivers mislead regarding the legal operation. Additionally, registering on the fake site can expose your capital to risks, depriving you of legal support in case of disputes. Seeking assistance from regulatory authorities would be fruitless.
Terms of Cooperation
OctaFX offers clients the opportunity to make effective trading decisions. In contrast, scammers simply impose their advice and, when traders lose funds, take responsibility only for their profits. The forgery does not disclose details of tariff plans, only mentioning services provided without swaps, commissions, over 80 payment methods, daily trading ideas, free education using various methods, 230 trading instruments, a 50% deposit bonus, and round-the-clock support. The genuine broker has a minimum deposit of $25, but information on the requirements of the fake resource is unavailable due to the lack of reviews from real clients.
Feedback and Real Reviews
Reviews of the genuine intermediary OctaFX are commendable, while fake reviews are absent due to the short-term nature of the activity. If you have experience trading on this platform, we invite you to leave your review in the comments.
Actions of Scammers: A Subtle Trap
OctaFX prefers to keep access information confidential. Most beginners are attracted by promises of free education and professional support, only to fall victim to financial fraud. Initially, the amounts may be small for acquaintance with the platform and making the first profit, but scammers may later demand significant investments. In case of such speculation, your personal data may be blocked with allegations of agreement breaches or financial crimes.
Conclusion
The dishonesty in OctaFX’s operations indicates a focus on emulating success, overlooking legal documents, and leveraging the absence of reviews to promote a knowingly unscrupulous offer. We recommend avoiding interaction with such a duplicate and seeking reliable options to safeguard your funds.