The Official Website Of Markets Octa Cannot Be Accessed Normally At Present. It Seems That The Company Has Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-06-17 Cyprus CySEC Adds Markets Octa To The Warning List
On June 17, 2022, The Cyprus Securities And Exchange Commission (CySEC) Issued A Warning That Markets Octa Provides Financial Services Without Authorization. You Can Visit The Following Website For Details: Https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=fddeb549-b2e6-400f-8b5b-ba2d881d9061
Collapse
2022-07-15 Our Review Confirmed That Markets Octa Is An Unregulated Forex Broker
Markets Octa Claims To Have Been Founded In 2005 And Is A Broker With 15 Years Of Industry Experience. However, When We Checked Its Domain Name, We Found That The Site Was Actually Created On January 21, 2022, So How Could It Have Started Doing Business In 2005? This Is A Red Flag.
Markets Octa Also Claims To Be A Regulated Broker, But Does Not Specify That It Is Regulated By The Regulator. It Simply Shows Its License Number 372/18 On The Webpage, Which Is In The Same Format As The License Issued By The Cyprus Securities And Exchange Commission (CySEC). So We Did A Search In CySEC And Found A Match With That Number. However, The Number Actually Belongs To Another Company Called "Octa Markets Cyprus Ltd". Not "Markets Octa". And The Domain Name "https://marketsocta.com/" Used By The Broker Is Not A CySEC Approved Business Domain Name Either. Markets Octa May Be A Clone Company That Stole The License Information Of The Regulated Company
Furthermore, CySEC Has Issued A Warning That Markets Octa Provides Financial Services Without Authorization.
The Fact Is That Markets Octa Is Not Regulated By Any Regulatory Authority. It Is Not Safe To Let This Broker Hold Or Control Investors' Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Broker.
Since The Broker's Website Cannot Be Accessed At This Time, 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 Markets Octa 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: Markets Octa Is An, 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.
