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Octa Market FX
On Nov 14, 2024, the Cyprus Securities and Exchange Commission (CySEC) added Octa Market FX to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1931729d-39c3-4cc5-92bd-3bbac4e90eeb
On Nov 14, 2024, the Cyprus Securities and Exchange Commission (CySEC) added Octa Market FX to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1931729d-39c3-4cc5-92bd-3bbac4e90eebAccording to its website, it is located in the UK. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA).
In addition, the Cyprus Securities and Exchange Commission (CySEC) added Octa Market FX to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities.
In essence, Octa Market FX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Octa Market FX appears to be a scam.
According to its website, it is located in the UK. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA).In addition, the Cyprus Securities and Exchange Commission (CySEC) added Octa Market FX to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities.In essence, Octa Market FX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Octa Market FX appears to be a scam.
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