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OctaFx Mining

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Operating status: SCAM

Website: https://www.octafxmining.com/

Broker violations and abnormal records
  • 2022-07-17 The Portuguese CMVM Added OctaFx Mining into Its Warnings

    On 18 July 2022, the Portuguese Securities Market Commission (CMVM) issued a warning that OctaFx Mining is not legally qualified to carry out advertising or prospecting for clients aimed at entering into financial intermediation contracts. You may visit: https://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/20220718p.aspx?v= 

    On 18 July 2022, the Portuguese Securities Market Commission (CMVM) issued a warning that OctaFx Mining is not legally qualified to carry out advertising or prospecting for clients aimed at entering into financial intermediation contracts. You may visit: https://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/20220718p.aspx?v=
  • 2022-07-18 BrokersView has Reviewed that OctaFx Mining is an Unregulated Forex Broker

    OctaFx Mining claims to be a trustworthy broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated broker always present their accreditations and licenses in a prominent position. It is a red flag. 

    OctaFx Mining also claims to be a India-based company. As per the information we have, no authority regulates forex activities or issues forex licenses in India.

    Moreover, the Portuguese Securities Market Commission (CMVM) issued a warning that OctaFx Mining is not legally qualified to carry out advertising or prospecting for clients aimed at entering into financial intermediation contracts. 

    The truth is that OctaFx Mining is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam. 

    OctaFx Mining claims to be a trustworthy broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated broker always present their accreditations and licenses in a prominent position. It is a red flag. OctaFx Mining also claims to be a India-based company. As per the information we have, no authority regulates forex activities or issues forex licenses in India.Moreover, the Portuguese Securities Market Commission (CMVM) issued a warning that OctaFx Mining is not legally qualified to carry out advertising or prospecting for clients aimed at entering into financial intermediation contracts. The truth is that OctaFx Mining is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.
  • 2022-11-22 BrokersView has found that OctaFx Mining is not working

    BrokersView found the domain "https://www.octafxmining.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended

    BrokersView found the domain "https://www.octafxmining.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended

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