April 20, 2021 | AtoZ Markets – We wanted to conduct our own independent study of the internationally well-known Forex broker OctaFX.
We read that OctaFX is a big scam, looting millions of people in the name of Forex trading, and to stay away from OctaFX is supposedly the way to go. Some even went so far as to claim that OctaFX is illegal in India. But is all that really so?
Before you make up your mind, read our review. Based on our research, we established the most relevant fact:
Yes, OctaFX is a credible and reliable Forex broker in India. Far from being suspicious or even illegal, OctaFX is solid and trusted. It offers a transparent and user-friendly platform and a wide selection of trading instruments. Nothing that would make you suspect OctaFX is engaged in fraud or being a cheat.
OctaFX acts in full compliance with international legislation and regulation standards and guarantees fund security and negative balance protection to over 6.6 million trading accounts worldwide. Upon finding that out, this convinced us once again that declaring that OctaFX is ‘looting millions of people in the name of Forex trading’ is simply not reasonable to claim.
Here is what traders say about it on popular review websites like Trustpilot and Forexpeacearmy:
Oct 10, 2020,
I only trust octafx for my carrier [career] success. Thank you for supporting me Service use: LiveLength of use: over 1 Year
Hello guys. I started trading in octafx. I only trust you. And I started my carrier [career] in forex with octafx.. They providing great service.. And speed withdrawal and deposit. With no fakes.. I love you octafx.. Thank you so much for helping me and Indians. God bless you.
Bhubaneswar, Odisha, India,
Jul 22, 2020,
Registered userFor Indian Traders Octafx is Best Choice Service use: LiveLength of use: 0-3 Months
I have experienced smooth deposits and withdraw in Octafx Currently .No delay in Withdraw . Funds are in My Bank account with 3 to 4 Hours of withdraw request and the services are best. There is Nothing worry for the traders with Octafx.
Very GOOD Morning to all GREAT STAFF in OctaFX Management especially on doing Deposit & Withdrawal.
OctaFX make me feel convenient because as Trader Like me so easy to manage each trading account had set to make Daily, Weekly & Monthly to make Withdrawal.
I hope OctaFX move forward to become 1 of most GREAT BROOKER for the Future.
Want to trade Forex with with a regulated broker? Open a live account with AtoZ Markets approved forex brokers:
GOOD, BETTER AND BEST FOREX TRADING APP.
1 (EK) NUMBER APP OTHER THAN, IT'S VERY EASY TO USE, USERFRIENDLY, AND UNDERSTAND
STARTING INVESTMENT IS VERY LOW/LESS. DEPOSITE [deposit] AND WITHDRAW PROCESS IS VERY EASY AND FAST TRANSACTION. I LIKE IT.
THIS IS A NEXT SOURE [source] OF OPTION IN PENDIMIC [pandemic] CORONA SITUTATION [situation].
I VERY THANKFULL TO OCTAFX TEAM. TO SUGGEST TO INVEST
THANKS ONCE ABAIN [again]
- VIVEK KHAPRE
To know a reliable Forex broker when you see one
Here are some tips for advanced traders and beginners on how to tell if you are dealing with a legit and reliable Forex broker instead of a scam.
For starters, take a look at the awards and accolades that a broker has gathered over the years. Suppose the institutions, platforms and issuers of those honours are respectable and experienced. In that case, you can be much more confident of not dealing with a big scam but a trusted business partner. In OctaFX’s case, we detected ongoing awards coming in for the broker up to the current year 2021, going back to its beginning in 2011.
We also have to admit that the sheer pains OctaFX goes through to offer an up-to-date and complex educational programme displays an evident effort to keep its client base informed, trained, and prepared for most market situations. (By that, we mean high-quality webinars, timely mailing lists, vast reading material and training courses.) The well-structured OctaFX demo accounts caught our attention, as well—a good way to start trading risk-free and train your Forex skills for the real thing.
It really doesn’t matter if you are a beginner or professional—with its almost ten-year experience, OctaFX is reputable. We acknowledge that it is a fully formed Forex broker that easily stands its ground among the industry’s best players.
Upon researching their company history, we discovered the following: a developed, transparent and swift support service. Also, its social media networks never seem to shut down, especially on those seeking help with any issue.
OctaFX’s competitive and candid trading conditions showed us as outsiders the genuine aim for building long-term partnerships with traders and not at all defrauding them of their hard-earned money short-term. Doing some further inspection, we were surprised that it operates a massive library of instructional material in many languages and formats, like educational videos, YouTube shows, and illustrated articles. All aimed at helping its clients to seriously up their game.
We find its track record as a transparent business partner and Forex educator is impressive. We also noticed that OctaFX’s bonus programs, trading conditions, as well as charity and promotional initiatives are worth a mention here.
Should you trade Forex on your own at all?
Before you start trading Forex, you'll want to read this.
Our in-house trading expert Dr Yury Safronau, PhD in Economic Sciences, gives you daily his best forex, metals, and cryptocurrencies to buy and sell signals right now.
His trading strategies which are based on non-linear dynamic models have achieved more than 65 000 pips of profits since 2015. And right now there are some very strong buy and sell signals across several markets you don't want to miss.
Want to see which ones?