Score
octa
https://www.octafx.eu/
Website
Rating Index
MT4/5 Verification
MT4/5
Full License
OctaFX-Demo
Influence
A
Influence Index NO.1
MT4/5 Verification
MT4/5 Verification
Full License
Influence
Influence
A
Influence Index NO.1
Contact
Forex License 1
- The WikiFX cloud system has detected an excessive number of complaints against this broker, leading to its placement on the WikiFX Complaint Blacklist. Please be aware of the high risk.
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About Us
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Company Profile
Review summary
Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts.
At the moment, Octa offers over 300 trading instruments, including:
CFDs on stocks: 150 (Apple, Google, Amazon, etc.)
Forex currency pairs: 52 (EURUSD, GBPUSD, GBPJPY and other popular ones)
Gold and silver
Energies: 3 (XBRUSD, XTIUSD, XNGUSD)
Indices: 10 (US30, NAS100, SPX500, etc.)
Cryptocurrencies: 34 (BTC, ETH, LTC, etc.)
Spanning across the globe, Octa is subject to regulation by several authorities, reflecting the diverse regulatory landscape governing the activities conducted by Octa.
Octa holds the following licenses:
Octa Markets Cyprus Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 372/18.
Octa Markets Ltd. is authorised and regulated by the Mwali International Services Authority (MISA) with license number HY00623410, and international brokerage and clearing house license number: T2023320.
Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number 51913 from the Financial Sector Conduct Authority (FSCA) in South Africa.
Octa offers three account types: MT4, MT5 and account on its own proprietary trading platform OctaTrader. The average spread for EURUSD is 0.7 pips for all accounts with no additional charges or hidden fees. All accounts are swap-free—there are no overnight fees for traders.
OctaTrader platform elevates traders' experience by offering a one-stop solution with features like Space—a dynamic feed with real-time analysis, collaborative tools, and educational resources, all in one place. A library of webinars and tutorials ensures continuous learning for traders at all levels. Another unique tool is OctaVision, powered by AI, which acts as a digital mentor, providing personalised analysis of past trading actions and giving data-driven recommendations to help users refine their trading strategies.
Company Profile
- 5-10 years
- Regulated in Cyprus
- Market Making License (MM)
- MT4 Full License
- MT5 Full License
- Self-developed
- Global Business
- High Potential Risk
| Quick Octa Review Summary | |
| Founded | 2011 |
| Registered Country/Region | Cyprus |
| Regulation | Regulated by CYSEC |
| Market Instruments | Currrency pairs, gold/silver, commodities, indices, cryptos |
| Demo Account | ✅ |
| Min Deposit | 50 EUR |
| Leverage | Up to 1:30 |
| EUR/USD Spread | Floating around 1.1 pips |
| Trading Platform | OctaTrader, Web platform, Android |
| Payment Methods | Swissquote, BluOr Bank, RIETUMU |
| Deposit & Withdrawal Fee | ❌ |
| Customer Support | 9 a.m. – 6 p.m. UTC+3 |
| Email: clientsupport@octaeu.com | |
| Regional Restrictions | Belgium, the USA, Canada, Spain, and the UK, as well as to jurisdictions outside the European Economic Area (EEA) except Switzerland |
Octa Information
Founded in 2011, Octa a regulated broker registered in Cyprus, offering trading in currrency pairs, gold/silver, commodities, indices, and cryptos on OctaTrader, Web platform, and Android platforms.

Pros and Cons
| Pros | Cons |
| Regulated by CYSEC | Regional restrictions |
| Various tradable instruments | MT4/MT5 unavailable |
| Demo accounts available | Limited payment options |
| Tight EUR/USD spread | No 24/7 customer support |
| No fees for deposits and withdrawals |
Is Octa Legit?
Yes. Octa is currently regulated by Cyprus Securities and Exchange Commission (CySEC).
| Regulated Country | Regulated by | Regulated Entity | License Type | License Number |
![]() | CySEC | Octa Markets Cyprus Ltd | Market Making (MM) | 372/18 |


What Can I Trade on Octa?
Octa offers trading in currrency pairs, gold/silver, commodities, indices, and cryptos.
| Tradable Instruments | Supported |
| Currency pairs | ✔ |
| Gold & Silver | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
The maximum leverage vary on the asset class. Detailed info can be found in the table below:
| Asset Class | Max Leverage |
| Currency pairs | 1:30 |
| Gold & Silver | 1:20 |
| Commodities | 1:10 |
| Indices | 1:20 |
| Cryptos | 1:25 |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread and Commission
Octa offers commission-free trading and the EUR/USD spread is floating around 1.1 pips. If you are interested in spreads on other trading instruments, you can visit https://www.octaeu.com/spreads/

Trading Platform
Octa has a built-in proprietary trading platform - OctaTrader available on the Web, Desktop, and Android versions.

Deposit and Withdrawal
Octa supports very limited payment options, only Swissquote, BluOr Bank, and RIETUMU.
The minimum deposit or withdrawal amount are both 50 EUR.
All deposits and withdrawals are free of charge, and can be processed within 3-7 business days.


Customer Support Options
Octa provides email instead of phone or live chat contact, which will result in traders being unable to deal with emergencies on time. You can also follow them on some social platforms, such as Facebook, Twitter, and Instagram.
| Contact Options | Details |
| clientsupport@octaeu.com | |
| Social Media | Facebook, Twitter, Instagram |
| Website Language | English, Italian |
| Physical Address | 1 Agias Zonis and Thessalonikis Corner, Nicolaou PentadromosCenter, Block: B', Office: 201,3026, Limassol, Cyprus |

Disclosure
"Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities"
Country / Region
ID BAPPEBTI
Disclosure Date
2022-09-20
Broker Disclosures
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
Country / Region
ID BAPPEBTI
Disclosure Date
2022-02-02
Broker Disclosures
INVESTOR ALERT LIST
Country / Region
MY SCM
Disclosure Date
2020-01-01
Broker Disclosures
INVESTOR ALERT LIST
Country / Region
MY SCM
Disclosure Date
2020-01-01
Broker Disclosures
News

Exposure Octa Review: What Traders Should Know Before Depositing
Octa operates under a CySEC license but has drawn formal regulatory warnings from Indonesia's BAPPEBTI and Malaysia's SCM. User complaints collected by WikiFX show a persistent pattern of withdrawal failures and account blocks across multiple countries. The platform carries a WikiFX score of 1.62 out of 10.

Exposure Review 2026: octa Regulation Warnings, Withdrawal Complaints, and Platform Risks
octa shows a mixed but high-risk profile: WikiFX lists a low score of 1.62, CySEC regulation for Octa Markets Cyprus Ltd, and multiple regulator disclosure warnings in Indonesia and Malaysia. The strongest practical concern is the repeated pattern of withdrawal delays, blocked accounts, KYC disputes, and profit cancellations reported in user cases.

Exposure Octa Review: A CySEC Licence but a 1.62 WikiFX Score , Worth the Risk?
Octa holds a valid CySEC licence and has operated since 2011, but its WikiFX score of 1.62 reflects regulatory warnings from Indonesia and Malaysia alongside a persistent pattern of withdrawal complaints from Southeast Asian traders.

News CySEC Restricts OctaFX Majority Owner’s Voting Rights Amid India Probe
In wake of India’s asset seizure, Cyprus regulator curbs OctaFX owner’s control to preserve local compliance.

News Motivated to act: Octa Broker celebrates International Day of Charity
World Charity Day is held annually on 5 September to raise awareness and motivate people to help others. In this article, Octa, a globally regulated and trusted broker operating since 2011, highlights

News How to handle first losses as a trader: Octa Broker's guide
Trading losses are tough—and the less experience you have as a trader, the harder it is to handle them. However, those willing to persevere and learn from their mistakes can turn any temporary setback
Wiki Q&A
Is Octa safe and reliable?
Octa Markets Cyprus Ltd holds a regulated Market Making License from the Cyprus Securities and Exchange Commission (CySEC, license 372/18), which provides a recognized European regulatory framework. However, the broker also maintains an unverified Forex Trading License from the Mwali International Services Authority (MISA) in Comoros, introducing ambiguity. According to WikiFX assessment, the overall score stands at 2.48, reflecting frequent user complaints regarding withdrawal delays, account freezes, and disputed profit payments. While the CySEC regulation offers a formal safety net, the significant operational concerns reported by users warrant careful consideration.
Is Octa regulated?
Yes, Octa is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 372/18, with a Market Making License (MM). Additionally, the broker holds an unverified Forex Trading License (EP) from the Mwali International Services Authority (MISA) in Comoros, which is not a recognized major regulator. The CySEC license is the primary valid regulatory credential.
What is the minimum deposit of Octa?
The minimum deposit requirement for Octa is not explicitly disclosed in publicly available information. User feedback suggests that no large initial deposit is required, but a specific figure is not provided.
Does Octa support MT4 or MT5?
Yes, Octa supports both MetaTrader 4 and MetaTrader 5 platforms with full licenses. WikiFX data confirms a total of 24 MT4 servers and 9 MT5 servers, with an average execution speed of 84.76 ms.
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FX1459944709
Indonesia
I made 2 wtihdrawals on 19 jan 2026, each wd amount is $2500. So total $5000 and status is completed but money not received in my bank account. I complain send my bank account.. But they still delaying my payment! Alreafy 2 weeks.
Exposure
FX1459944709
Indonesia
i made withdrawal on 19 jan 2026 and status is already completed. and got no money received by me. i keep complain and always said on checking. already 2 weeks. i don't know whether they don't want to pay my money or what please help. i have sent my bank statement. and when i ask the proof of transfer money to me. they cannot give me.
Exposure
FX3341877044
Brazil
My account was already verified, however, after a transaction that resulted in a profit of $2,345.40, I made a withdrawal request of only $548. This withdrawal was not released and then Octa, through their KYC email, asked me to send the Binance statement proving the amount that left Binance and went to Octa, and also asked me to send a screen video and also a photo holding my documento.Tudo this was sent and everything is in order. After almost 10 days, today (22/06/2026) I receive an email saying that my account has been blocked! In other words, they did not return my initial capital nor pay my profit! In other words, they robbed me!!! And to justify this, they use a ridiculous clause: "Service denied according to subclause 3.10: 3.10. The Company reserves the right, at its discretion, to refuse to provide the Services to the Client at any time and the Client agrees that the Company will have no obligation to inform the Client of the reasons.
Exposure
FX2410679820
India
I am reporting a major financial fraud by OctaFX on Account ID 125***** After generating a genuine profit of $1,355.66, my withdrawal was blocked for a fake "Internal Review". To hide my funds, they wiped my dashboard balance to exact $0.00 via a forced balance adjustment. When questioned, their official AI Assistant officially emailed me saying: "Your funds are safe, this $0.00 is just a temporary accounting correction." Even my IB Manager Viraz confirmed my money was secure but blocked me on WhatsApp when I demanded the payout. Immediately after, Sophia from KYC sent a final termination email under Clause 3.10 & 8.2, seizing my $1,355.66. They are using contradictory clauses and deceiving clients. One internal department promises safety while the other cancels the profit. This is an airtight scam trap.
Exposure
Krismon
Indonesia
Octa offers a fairly stable trading experience for daily use. The registration and verification process runs quickly, so users can start immediately without significant obstacles.
Neutral
FX2009222320
Indonesia
I use Octa because the platform is stable, execution is quite fast, and deposit and withdrawal processes usually go smoothly. The app is also easy to use. But as always, still be careful with leverage and start with small amounts before going big.
Neutral
FX3702931450
Indonesia
I cannot withdraw funds even though the status is complete and the information is very confusing. I have emailed and contacted CS, but the response from Broker did not provide a good solution and was not cooperative even though I have been using Broker for 10 years. I really regret using Broker.
Exposure
FX2691544081
Indonesia
With the reference number Complicated on 01/20/2026, but it has not been credited to my account as of 01/28/2026. I followed the instructions from OctaFX on 01/23/2026 to track the transaction with my bank, but my bank stated that there was no transaction with that reference number and that the transaction history for this month (January 2026) showed no transaction with the amount I withdrew. The only information I received from Octa was: The case is under further investigation? However, there has been no solution to date.
Exposure
FX2691544081
Indonesia
FAST DEPOSITS BUT WITHDRAWALS... I have not received the funds I withdrew from Octa. It has been 5 days since January 20, 2026 - January 24, 2026. The status on Octa and in my email is complicated, but the funds have not been transferred to my account. and I have followed Octa's instructions to contact my local bank using the provided reference number to track the transaction, but the result is nil/there is no transaction with that reference number, and the bank statement also shows NO TRANSACTION!
Exposure
ThembaRadebe
South Africa
i liked trading with octa on mt 5 account a)no commissions b)tight spreads most of the time c) not big deposit It's very comfortable to do trades there on mt5 because of multiple timeframes see the behaviors of charts. I used some tutorials from mql5 too to set different tools on multiple tiemframes, see price shifts from different tech perspectives it was good overall, no lags, charts performed fast A note: one day support didn't respond as quickly as they did
Positive
FX8176565312
Malaysia
One moment they claim all materials are ready for verification, then suddenly it's impossible to withdraw—it feels like a scam.
Exposure
FX5221378362
Singapore
Well, I expected account types to be more creative than offering the same condition on each of three platforms… At any event, conditions were nice, so I wasn’t that picky about this matter. I’m not scalper to complain about the lack of raw accounts. Spreads from 0.6 were still decent. And assuming no commission policy, including swaps, it was a cost effective place. I mainly trade on mt5. Classic platform with big capabilities. Octa respected classics
Positive
Siti_Zulaikha
Malaysia
Ya know for all that time I’ve been trading with Octa broker, I noticed that almost all my market and pending orders were executed without slippage and I couldn’t even blink an eye to see it. It turned out that their servers are located in London, also in general, Europe and Asia, which means they’re working with a large pool of liquidity providers and that’s why I haven’t encountered any heavy slippage yet. Well, it’s really impressive. They conquered my trust 100%!
Positive
FX1186906205
Singapore
for myself this is minus because only 300+ asset is not good for octa, they have such massive reputation with so many good ratingbut so little asset for trade. in my opinion they need like 1000+ and lot of different stocks too. other things I am good and no questiona about legit because i trust octa they are working since like 2012 this is very long time to get trust of people and they have it.
Neutral
FX3303294933
Nigeria
Despite Octa has its own platform, I still respect classic metatrader trading. These AI tools, modern charts, it’s my vibe to be honest. Though, it didn’t cancel the fact that the broker showed himself well in the work, giving timely execution and transparent fees. I especially liked the fact that spreads started from low 0.7 pips. For a day trader, it was a juicy deal without any doubts.
Positive
FX3885757347
Malaysia
I’ve seen an article about Octa and when I saw they’re offering the services across multiple entities but under one brand name, I thought this is something interesting. That’s why I signed up, it’s the first time when I saw how accounts are tailored to specific platforms. I chose a MT4 account, and to be honest, it didn’t exceed my expectations. Then i switched to octa trader, struggled a little bit also, but much better than mt4.
Neutral
Hadif Ariffin
Malaysia
There are three different platforms available: -mt4 -mt5 -octatrader I picked the last one becuase I wanted to try something new and it was worth it. It's much better than standard MT4 and MT5 versions. Octa trader offers clients to take advantage of an AI chart feature that analyzes charts automatically and gives you hidden signals. Not gonna lie, I was doubtful a little bit about it but seeing how it works in practice, I changed my mind immediately.
Positive
FX1692873356
United Arab Emirates
I have not received my withdrawal its been 8 days and nobody is responding to my emails. My withdrawal id: W22424**** They are not giving me my $35000 I am official partner with octa and i genrate over $350k in commison and you guys treating my like this. This will force me to leave octa and ask my cleints to join other clients Regards
Exposure
Daryl9341
Singapore
The withdrawal process is what matters the most, and they have it good. The range of withdrawal methods is big, but honestly, most of them are crypto based. I didn't use all of them, just USDT TRC20. However, as far as I know, the time of process doesn't differs from one method to another. They are all performed in like 4 hours, maybe less, depends on how fast they approve the request.
Positive
Maelene
South Africa
They made things simpler than any other broker i have traded in the past regarding the process of choosing an acc type,. Regarding the trading codnitons, all account are pretty much the same. What you need to choose is your favorit trading engine. I chose the octatrader.. Initially it took me some time to understand the app, but it’s not hard at all. The only limit it has is the max open positions - it’s 50 lots, which is way more than intend to trade, and no EAs.
Neutral
Puteri8451
Malaysia
october was a month of uncertainty for stock market, stocks made ath and then could not proceed further, I guess it is rotation from sector to sector, so a correction perhaps. Glad that I have access to blue chip stocks provided by octa, good, however, it would be great to widen the pool of stocks in general, some of the names I dont see here. As for platfrom, all is fine, works well, no slippage, correct quotes I get
Neutral
Joan1648
Malaysia
OCTA offering a decent security for traders, because they are regulated and licensed. Plus, they use segregated accounts to keep clients funds separately, which is important.
Positive
ChengYongrui
Malaysia
messing with octa educational tools and the live quotes help is kinda handy, all is combined in one place, seeing the global picture of real market data makes learning easier but sometimes the quotes lag or drop which is annoyin overall its okay for getting the hang of things just dont rely on it too muchh
Neutral