Markets Octa Review : Fees, Pros and Cons, Reviews by Real Traders

Markets Octa

Operating status: SCAM

Website: https://marketsocta.com/

Broker violations and abnormal records

Jun 16, 2022 The Cyprus CySEC Added Markets Octa into Its Warnings
On 17 June 2022, the Cyprus Securities and Exchange Comission (CySEC) issued a warning that Markets Octa is not authorized to provide financial services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=fddeb549-b2e6-400f-8b5b-ba2d881d9061

On 17 June 2022, the Cyprus Securities and Exchange Comission (CySEC) issued a warning that Markets Octa is not authorized to provide financial services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=fddeb549-b2e6-400f-8b5b-ba2d881d9061
Jul 14, 2022 BrokersView has Reviewed that Markets Octa is an Unregulated Forex Broker
Markets Octa claims it started business in 2005 and is a 15-year-experienced broker. However, we checked its domain and found the domain was created on 21 Jan 2022. How could it start its business in 2005? It is a red flag.
Markets Octa also claims to be a regulated broker while presenting no specific regulator. This broker only gives license number 372/18 which is in the form of the licenses issued by the Cyprus Securities and Exchange Commission (CySEC). So we searched CySEC and found a matching result. However, the license number belongs to another firm named "Octa Markets Cyprus Ltd" instead of "Markets Octa". And the domain "https://marketsocta.com/" is not one of the domains approved by CySEC. Markets Octa may be a clone firm that falsely used the license information of a regulated firm
Moreover, CySEC issued a warning that Markets Octa is not authorized to provide financial services.
The truth is Markets Octa 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.

Markets Octa claims it started business in 2005 and is a 15-year-experienced broker. However, we checked its domain and found the domain was created on 21 Jan 2022. How could it start its business in 2005? It is a red flag. Markets Octa also claims to be a regulated broker while presenting no specific regulator. This broker only gives license number 372/18 which is in the form of the licenses issued by the Cyprus Securities and Exchange Commission (CySEC). So we searched CySEC and found a matching result. However, the license number belongs to another firm named "Octa Markets Cyprus Ltd" instead of "Markets Octa". And the domain "https://marketsocta.com/" is not one of the domains approved by CySEC. Markets Octa may be a clone firm that falsely used the license information of a regulated firmMoreover, CySEC issued a warning that Markets Octa is not authorized to provide financial services.The truth is Markets Octa 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.
Nov 22, 2022 BrokersView has found that Markets Octa is not working
BrokersView found the domain "https://marketsocta.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://marketsocta.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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