We're your best review guide

OctoFinance: Broker Opinion

OctoFinance: Broker Opinion Johannes Röll Visitors: 497 ★★★★


OctoFinance is an obscure Forex intermediary, pretty dark in actuality, which ought to totally be stayed away from! Their site is, gently stated, broken and the items and administrations they guarantee to offer are really not accessible. Be careful! The tricksters will discover a wide range of approaches to approach and control you, report quickly if a delegate of OctoFinance reach you, and never under any circumstance set aside installments with them! Discover all you require to think about this conniving Forex representative in the full OctoFinance audit.


We direly need in the first place their absurd Contacts page! The main warning accompanies the contact number they recorded and that is: +111111111111, no evidence expected to affirm it's phony. A counsel to our perusers, minuscule subtleties like this one can spare you hundreds and thousands of dollars, you ought to consistently have a decent gander at the Forex representatives before a record opening or a store. As should be obvious they list a location in the Commonwealth of Dominica, while simultaneously the guide on the left brings up the scandalous Griffith Corporate Center in SVG, where several seaward specialists and deceitful animals are being settled, for example, Proquote27, Coinsoft, Finlay.io, Optical Invest, and the famous Hanabishi Partners LTD(confirmed trick)! Another warning to note and an admonition to the brokers, never set aside an installment with OctoFinance!

OctoFinance is supposedly possessed and worked via Seabreeze Partners Ltd, an organization enlisted at 8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica. Seabreeze is running a modest bunch of alleged Forex dealers, for example, WinMarket, Energy-Markets.io, Bid Broker Stocks and CFBroker, which might all be viewed as a trick! At a similar location, nonetheless, you can discover Eurofx.trade(run by Donnybrook Consulting Ltd, a trick organization boycotted by CNMV, CONSOB and DFSA) and Paragon-Finance! 
The Commonwealth of Dominica is a seaward ward, which is renowned among the con artists for the absence of monetary guideline, implying that the Forex intermediaries working from the island are not regulated at all, and no client insurance is ensured. The issue with the seaward Forex agents is that they may stop to exist at whatever second, and there are in a real sense practically no odds for you to recuperate the misfortunes brought about by the occasion. 
In the event that you are searching for a Forex representative you ought to clearly go for EU or UK directed one, as these are the pioneers in the retail FX industry, and furthermore the administrative systems in Europe are the strictest, giving the most secure climate to your assets. There are a lot of severe guidelines and guidelines forced on the FX organizations, yet above all, assurance reserves were set up, for example, ICF in Cyprus and FSCS in UK. 
Under CySEC(Cyprus) and FCA(UK) guideline the clients are shielded from losing their money in the event that a monetary assistance organization gets into inconveniences. ICF ensures the customers stores of up to 20 000 EUR per customer, while FSCS permits you to make a case of even up to 85 000 GBP per customer. Every EU part state is constrained to make and further work comparative protection reserves, which are believed to be the final retreat for the dealers, in the event that a Forex representative faces troubles to meet its monetary commitments.


No exchanging stage accessible in all actuality. No Metatrader4 or Metatrader5 records can be opened, nonetheless, OctoFinance publicizes itself as a MT4 agent, yet there isn't a downloading join anyplace on the site. Their sign up page was broken too, so the end is that OctoFinance is definitely not a genuine Forex representative, however a trick all things being equal! 

The spread is supposed to be as low as 0.7 pips and the influence up to 1:200, however we can't affirm it's substantial.

Account type

The base starting store is supposed to be 250 USD. The financing techniques are Credit/Debit cards and wire moves, however we can't affirm the legitimacy of that assertion on the grounds that the sign-up page was broken at that point and we couldn't open a record, to test their store framework!


No base withdrawal sum indicated, additionally no store/withdrawal charges decided in size and extension. The withdrawal demand preparing time is supposed to be inside 4-7 days. 
A record will get torpid following a half year of inertia and will be dependent upon an allowance of 10% every month. It is a statement that you can find in the T&Cs of numerous other trick Forex merchants, and it is certainly a warning, in light of the fact that no evident Forex dealer will loot your assets so mercilessly. 
Each recently opened record is invited by a rewards of up to 100% on the store, contingent upon the record type. To pull out, notwithstanding, you need to execute a base exchanging volume of multiple times the entirety in the record at that point. It's another trick sign condition that we have seen commonly previously. It is a word by word duplicate glue and an admonition to the brokers! 
OctoFinance permits obligated record, you may wind up with misfortunes far surpassing the measure of cash you have saved! Avoid OctoFinance, it has nothing to do with a genuine Forex dealer!


Johannes Röll
Johannes Röll

Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer

Comments 0

Recent Projects

OctoFinance: Broker Opinion

EUR/USD soars amid rumors of an ECB rate hike by 0.5%

While the EUR/USD pair showed a short-term bearish profile early in the morning as part of a correction after yesterday's testing at 1.0200, it then showed a sudden sharp increase, reaching a maximum at the moment at 1.0250.

OctoFinance: Broker Opinion

Oil price in London - Brent

On the electronic platform of the European futures market ICE (Intercontinental Exchange), symbolically located in London, spot transactions are conducted daily, in particular, for Brent oil from the North Sea (spot market) or in the form of forward contracts (futures) for 1000 barrels of Brent oil with a maturity of 3 months, 1 year or 2 years.

OctoFinance: Broker Opinion

"Futures" are financial instruments used to predict future changes in the underlying asset

"Futures" are financial instruments used to predict future changes in the underlying asset (stocks, stock index, etc.): You buy or sell a certain amount of this underlying asset at maturity and at a predetermined price. But futures are very risky speculative products.

OctoFinance: Broker Opinion

Gh0stly Gh0sts-the first omnichain NFT collection

In recent days, the premiere of the unique collection NFT: gh0stly gh0sts. Although there is little interest in the project at the moment (the Twitter profile @gh0stlygh0sts is watched by less than 12,000 people), it can already be said that this is something groundbreaking.

OctoFinance: Broker Opinion

What is a factoring contract and what elements should I pay attention to?

Factoring is a financial service that few people have heard of until recently, but now it is gaining popularity among entrepreneurs every year. This is one of the most effective ways to maintain the financial liquidity of the company and ensure its free access to capital.

OctoFinance: Broker Opinion

This article, first of all, will be useful for beginners in the Forex market.

Many newcomers ask such questions: "How to start trading on the Forex currency market, where to do it, the first steps in trading" and other similar questions.