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Here’s what consumers have asked with answers from Octa staff and previous consumers.
Hi! Thanks for your question, it's important indeed. Octa is an international brokerage, and we have welcomed clients from all over the globe since 2011. The Forex market itself is decentralised. So focusing on local regulations would restrict the advantages of trading conditions that global brokers like us wish to offer. On the contrary, we offer traders more freedom and flexibility in their trading and vast educational materials. Nevertheless, we realise that regulation is a crucial point for our traders. At the moment we are regulated by MISA, Comoros Island and comply with all international anti-money laundering and trading security policies.
The answer is yes, it is not a secret that leverage is different, depending on the asset type, no matter with whom you trade with. With octa, I traded with them only crypto and forex, with max respective leverage, 1:200 and 1:1000.
Well I started with the demo account and if I should say then it's good… I am yet to transition cus I don't feel confident in my skills yet but it's a great account and I can't wait to start trading live.
Withdrawing money strongly depends on the payment method. I use bank cards and they are always pretty fast compared to others.
Octa is a global broker with over 300 trading instruments. It covers over 180 countrries and have been on the market for 12 years. The customer support is available 24/7 in multiple languages.
As far as I know, this feature allows you to share your performance with other traders. It's like a united hub of performance of various traders, so you can also check statistics of others and it will help you to understand if you are doing everything well or not. It's something about social trading but in a bit different form, as I understood. Maybe I am wrong, so you can always ask client support team about this.
Hi! Thank you for reaching out with your inquiry about Octa's regulatory status. Octa Markets Ltd. is registered in the Comoros Islands with its registration address at Bonovo Road – Fomboni, Island of Moheli, Comoros Union. Octa Markets Ltd operates under an International Brokerage and Clearing House License issued by the Mwali International Services Authority (MISA). Our activities are supervised and regulated by the MISA, ensuring that we operate in full compliance with international legislation and regulatory standards. We strongly believe that honesty is the best policy and are committed to providing a secure and transparent trading environment for our clients.
