OctaFX consists of the incorporation of Saint Vincent and the Grenadines, being fully licensed the FX broker is registered under the license number 19776 IBC 2011. Inline with the company’s stated objective: meeting the trust and satisfaction of each client's needs and requirements, the Retail FX brokerage has successfully acquired a regulatory license from the Financial Conduct Authority (FCA) in Britain.
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Effective from the 14th of April, OctaFX acquires prestigious FCA license. This new development marks a break into higher grounds for the broker, expanding their reach globally. The company now operates with the FCA license number 679306. Although it claims to have clients in over 100 countries globally, the firm was previously very much focused on the Asia Pacific market. Especially with a high client base in locations like China, Indonesia and Malaysia. The new license will definitely strengthen its prestige in this region but more important globally, as the FCA license is one of the most respected financial licenses worldwide.
As OctaFX acquires the long awaited and prestigious license, it wont be business as usual for the firm. Since the firm will have to move and operate at the world standard in its new London office. OcatFX is especially known for attracting newbie traders and beginners, thanks to its allowance of as low as $5 for opening accounts. An FCA license comes with its added responsibilities such as higher cost of operations. Hence, the company may look to adjust some of its previous rules.
OctaFX already operates with a clean navigational website, MT4 and cTrader platform offerings, whilst offering weekly trader competitions. Last but not least, it is also a sponsor of Mitra Kukar ISL, an Indonesian soccer team.
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