Scam Alert : OCTAFX BROKER

[Psycho-X-]

It ok when your get profit a little with octafx. the will not many problem especially to withdraw money. one you gain a lot of money, you will only can withdraw through bank wire. they will rejected when you request through neteller and skrill, although you had made deposit through skrill or neteller. octafx please dont do this. the will give a lot excuses. in some cases, they will require you to submit notorized document for verification.

For muslim traders, octafx got swap free account. but the foolish one when swap is replace to commission. there no swap but replace with commission. they really dont understand what is syariah compliant account. Octafx should waived this commission also.

One more thing, OctaFx will give you a lot of excuses.

Dear OctaFX,

Swap Free account is for Muslim for shariah compliant. But by replacing to commission is not shariah complaint (Because Muslim forbid any interests). I know it already in TnC, but don`t use word for Muslim because it is not shariah compliant. Muslim please be aware this.

Regarding this issue it was resolved after explain by thier customer support. Everything had already stated on their customer agreement. It means that i had agree with their agreement once i open account. It is adviseable to read customer agreement before open account to any broker. It was my mistake not read carefully their agreement.

Octafx also need to follow AML regulation. And i believe all reliable broker will follow this. Therefore limit to bank wire withdraw only is not big issue since im still get my money at the end.

Till now im still trade at octafx. From early 2013 till now. And it seem a good and reliable broker to trade.

To be fair to octafx, i wish moderator to delete my post on this thread.

 

[Master Yoda]

I am sorry but you are not the person who started this thread, how on earth you decided it was resolved?

 

[FxMaster]

I don't know why this thread is still active ?

FPA Scam folder is not for discuss about Broker, If you want to discuss about pro and cons than go to Broker Section.

 

[octafxtrader]

The issue is not resolved at all OCTAFX still cheating a lot of their customers !

 

[stevesmain]

The broker has NEVER addressed the main issue!!

 

[octafxtrader]

Right. Be careful big scam broker

 

[FxMaster]

Ok, now we at least have some decent information to work with. We will dig into this.

Any update on his case so far ?

 

[Hery Setiawan]

hello I'm Hery, the man who make the EA that discussed here.

the main concern in this section actually is not the slippage given by octa fx.
I said that because till the apocalypse come they will not explain that, and as an "old" trader I consider that slippage is a normal situation got by my EA, because it's using very tight Stop Loss and pending order.

I guarantee all of you, there is no time latency used here to cheat. if you know million dollar pips ea, XMT Scalper by Capella you had know my EA.
It's so simple EA, based on candle size and Moving average indicator.

Back to topics of OctaFX, they cheat a lot on user like oxtafxtrader. they can not withdraw the fund they deposit, and ask them to send certain document like explained by octafxtrader. not even the trader, their partner (IB) many of them not paid by octa fx. I dont know why, but it happen. and if you ask for proof I will give you what you ask, but what it will be like?

I'm as a trader have cheat by octa fx too. On January 2014 I've deposited $100, in two months it become $15k, I made withdrawal and just like octafxtrader they ask me to send the document, in my country all the document is cheap even free, so I sent them. BUT, a week after I sent the document, my personal area, my trading account etc can not be login (I can say it was suspended).

I guarantee you octafxtrader, even you sent all all the document they ask, it will be useless.

I don't really care what FPA will do to this broker, but trust me, you will not grow big using this broker.
this is one of use this EA: https://www.fxjunction.com/profile/topikuning/H/stats

we always do hit and run, everytime you got slippage on your order, it means yo have to withdraw all your fund from the personal area, and start a new personal account.

 

[octafxtrader]

hello I'm Hery, the man who make the EA that discussed here.

the main concern in this section actually is not the slippage given by octa fx.
I said that because till the apocalypse come they will not explain that, and as an "old" trader I consider that slippage is a normal situation got by my EA, because it's using very tight Stop Loss and pending order.

I guarantee all of you, there is no time latency used here to cheat. if you know million dollar pips ea, XMT Scalper by Capella you had know my EA.
It's so simple EA, based on candle size and Moving average indicator.

Back to topics of OctaFX, they cheat a lot on user like oxtafxtrader. they can not withdraw the fund they deposit, and ask them to send certain document like explained by octafxtrader. not even the trader, their partner (IB) many of them not paid by octa fx. I dont know why, but it happen. and if you ask for proof I will give you what you ask, but what it will be like?

I'm as a trader have cheat by octa fx too. On January 2014 I've deposited $100, in two months it become $15k, I made withdrawal and just like octafxtrader they ask me to send the document, in my country all the document is cheap even free, so I sent them. BUT, a week after I sent the document, my personal area, my trading account etc can not be login (I can say it was suspended).

I guarantee you octafxtrader, even you sent all all the document they ask, it will be useless.

I don't really care what FPA will do to this broker, but trust me, you will not grow big using this broker.
this is one of use this EA: https://www.fxjunction.com/profile/topikuning/H/stats

we always do hit and run, everytime you got slippage on your order, it means yo have to withdraw all your fund from the personal area, and start a new personal account.

Thanks you very much Hery for your testimonial ! Now all is clear OCTAFX is a scam and FPA need to help us !

 

[FxMaster]

hello I'm Hery, the man who make the EA that discussed here.

the main concern in this section actually is not the slippage given by octa fx.
I said that because till the apocalypse come they will not explain that, and as an "old" trader I consider that slippage is a normal situation got by my EA, because it's using very tight Stop Loss and pending order.

I guarantee all of you, there is no time latency used here to cheat. if you know million dollar pips ea, XMT Scalper by Capella you had know my EA.
It's so simple EA, based on candle size and Moving average indicator.

Back to topics of OctaFX, they cheat a lot on user like oxtafxtrader. they can not withdraw the fund they deposit, and ask them to send certain document like explained by octafxtrader. not even the trader, their partner (IB) many of them not paid by octa fx. I dont know why, but it happen. and if you ask for proof I will give you what you ask, but what it will be like?

I'm as a trader have cheat by octa fx too. On January 2014 I've deposited $100, in two months it become $15k, I made withdrawal and just like octafxtrader they ask me to send the document, in my country all the document is cheap even free, so I sent them. BUT, a week after I sent the document, my personal area, my trading account etc can not be login (I can say it was suspended).

I guarantee you octafxtrader, even you sent all all the document they ask, it will be useless.

I don't really care what FPA will do to this broker, but trust me, you will not grow big using this broker.
this is one of use this EA: https://www.fxjunction.com/profile/topikuning/H/stats

we always do hit and run, everytime you got slippage on your order, it means yo have to withdraw all your fund from the personal area, and start a new personal account.

So why you haven't opened your case at FPA yet ?