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Octafxtrade
Operating status: SCAM
Website: https://www.octainvestment.net
Broker violations and abnormal records
On 11 July 2024, the United Kingdom Financial Conduct Authority (FCA) issued a warning against Octafxtrade / octainvestment.net, believing this company might be providing financial services or products without authorisation in the UK. You may visit: https://www.fca.org.uk/news/warnings/octafxtrade-octainvestmentnet.
On 11 July 2024, the United Kingdom Financial Conduct Authority (FCA) issued a warning against Octafxtrade / octainvestment.net, believing this company might be providing financial services or products without authorisation in the UK. You may visit: https://www.fca.org.uk/news/warnings/octafxtrade-octainvestmentnet.Octafxtrade claims to be a broker authorised and regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL 398528), focused on Forex, Indices, Commodities, Shares and Cryptocurrencies and more instruments for trading services in global markets.
Upon investigation, we found that Octafxtrade is not regulated by the ASIC. And the United Kingdom Financial Conduct Authority (FCA) issued a warning that Octafxtrade (octainvestment.net) was providing financial services or products in the UK without authorisation.
The truth is that Octafxtrade is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.
Octafxtrade is a scam.
Octafxtrade claims to be a broker authorised and regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL 398528), focused on Forex, Indices, Commodities, Shares and Cryptocurrencies and more instruments for trading services in global markets.Upon investigation, we found that Octafxtrade is not regulated by the ASIC. And the United Kingdom Financial Conduct Authority (FCA) issued a warning that Octafxtrade (octainvestment.net) was providing financial services or products in the UK without authorisation.The truth is that Octafxtrade is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Octafxtrade is a scam.BrokersView found that the domain "https://www.octainvestment.net/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://www.octainvestment.net/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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