The Official Website Of OctsFx Mining Is Currently Inaccessible. The Company Appears To Have Closed Down. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-07-18 Portugal CMVM Adds OctsFx Mining To The Warning List
On July 18, 2022, The Portuguese Securities And Markets Commission (CMVM) Issued A Warning That OctsFx Mining Did Not Have The Legal Authority To Solicit Customers Who Intended To Enter Into Financial Intermediary Contracts. You Can Visit The Following Website For Details: Https://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/20220718p.aspx?v =
2022-07-19 We Have Confirmed Upon Review That OctsFx Mining Is An Unregulated FX Dealer
OctsFx Mining Claims To Be A Trustworthy Broker But Does Not Provide Any Information About Its Regulation. Lack Of Such Important Information May Be A Clear Signal For An Unlicensed Trader As A Regulated Trader Always Displays Its Certification And License To Operate In A Prominent Position. This Is A Red Flag.
OctsFx Mining Also Claims That Its Corporate Headquarters Are Located In India. According To The Information We Have, There Is Currently No Authority In India That Regulates FX Activities Or Issues Licenses To Operate FX.
Furthermore, The Portuguese Securities Market Commission (CMVM) Has Issued A Warning That OctsFx Mining Is Not Legally Authorized To Solicit Clients Who Intend To Enter Into Financial Intermediation Contracts.
In Fact, OctsFx Mining Is Not Regulated By Any Regulatory Authority. It Is Not Safe To Let This Dealer Hold Or Control Investors' Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Since It Is Now Impossible To Access The Broker's Website, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That OctsFx Mining Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: OctsFx Mining As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious When Selecting Traders, And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible.
