It has been flagged or banned by regulators in , Malaysia , Spain , and the Philippines for providing services without proper local authorization.
Octa (formerly ) is a global forex and CFD broker that has operated since 2011, currently serving over 6 million accounts in more than 100 countries. While it is a popular platform known for low fees and tight spreads, it faces significant regulatory scrutiny and mixed user feedback regarding fund withdrawals. Key Company Information Founded : 2011. Headquarters : St. Vincent and the Grenadines.
In April 2024, Indian authorities conducted search and seizure operations at OctaFX offices due to illegal forex trading activities. OCTAFX INC | FCA