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Operating status: SCAM
Website: https://octavus.trade/

On 15 Sep 2022, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that Octavus Trade may be operating a scam. The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. As such, it is not permitted to offer derivative trading services to New Zealand retail customers. You may visit: https://www.fma.govt.nz/scams/warnings-and-alerts/investor-alert-octavus-trade-limited/
Octavus Trade claims to be registered in New Zealand with FSP number 9429050607655. So we searched Financial Service Providers Register of New Zealand (FSP) but found no results. In other words, Octavus Trade is not registered in the country.
Moreover, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that Octavus Trade may be operating a scam. The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. As such, it is not permitted to offer derivative trading services to New Zealand retail customers.
The truth is that Octavus Trade 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.
BrokersView found that the domain "https://octavus.trade/" 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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