• Please try to select the correct prefix when making a new thread in this folder.

    Discuss is for general discussions of a financial company or issues related to companies.

    Info is for things like "Has anyone heard of Company X?" or "Is Company X legit or not?"

    Compare is for things like "Which of these 2 (or more) companies is best?"

    Searching is for things like "Help me pick a broker" or "What's the best VPS out there for trading?"

    Problem is for reporting an issue with a company. Please don't just scream "CompanyX is a scam!" It is much more useful to say "I can't withdraw my money from Company X" or "Company Y is not honoring their refund guarantee" in the subject line.
    Keep Problem discussions civil and lay out the facts of your case. Your goal should be to get your problem resolved or reported to the regulators, not to see how many insults you can put into the thread.

    More info coming soon.

Problem Octa Clause 3.10 as soon as I became profitable. Profits were denied and partial deposits paid back

I am having an issue with a company

DeshN

Recruit
Messages
1
Good day, I have registered with Octa in 2024 (Account: 63248622) and started trading with them in 2025. I have been trading the same way since I started. After recently breaking even and becoming profitable they denied my withdrawals and asked me to send them full bank statements and a picture with Octa KYC and the date.

After submitting the required documents my account was blocked, they have brought about clause 3.10 with no obligation to disclose why. I have breached no rules and they have denied $8770.48 from my profit and have only paid me out a portion of my recent deposits. If the agreement is being canceled from their side they cannot simply embezzle my profits as they chose to end our agreement as soon as I became profitable.

Quite sad as I have told many other people to join Octa and thought this was a reputable broker for a long time. I will be reporting the matter to the FSCA if Octa does not rectify this and pay me out the balance which was denied.
 

Attachments

  • Screenshot_20260617_002719_Gmail.webp
    Screenshot_20260617_002719_Gmail.webp
    105.8 KB · Views: 8
  • Screenshot_20260617_002757_Gmail.webp
    Screenshot_20260617_002757_Gmail.webp
    146.2 KB · Views: 8
  • Screenshot_20260617_003622_MetaTrader 5.webp
    Screenshot_20260617_003622_MetaTrader 5.webp
    105.5 KB · Views: 8
Good day, I have registered with Octa in 2024 (Account: 63248622) and started trading with them in 2025. I have been trading the same way since I started. After recently breaking even and becoming profitable they denied my withdrawals and asked me to send them full bank statements and a picture with Octa KYC and the date.

After submitting the required documents my account was blocked, they have brought about clause 3.10 with no obligation to disclose why. I have breached no rules and they have denied $8770.48 from my profit and have only paid me out a portion of my recent deposits. If the agreement is being canceled from their side they cannot simply embezzle my profits as they chose to end our agreement as soon as I became profitable.

Quite sad as I have told many other people to join Octa and thought this was a reputable broker for a long time. I will be reporting the matter to the FSCA if Octa does not rectify this and pay me out the balance which was denied.
Steps to Follow to Draw Attention to Your Issue

Follow these steps to ensure your issue is addressed:

First, read this: Where to Complain if You've Been Scammed by a Forex Broker? (or crypto broker)

Then

Contact Your Credit Card Provider

If you deposited your money via credit card, contact the customer care team immediately and request them to file a chargeback.

Reach Out to the Broker

Visit their website and start a conversation via their Live Chat feature.
Email all possible contact addresses inviting them to join this discussion thread.
You can find their contact details here: https://www.octabroker.com/contact-us/

Share Your Experience as a Review
Write and share your story on FPA review page here: https://www.forexpeacearmy.com/forex-reviews/8757/octa-review

Contact Regulators

Octa Markets LTD, registration number: HY00623410, international brokerage and clearing house licence number: T2023320, issued by Mwali International Services Authority. Registered address: Bonovo Road – Fomboni, Island of Moheli, Comoros Union.

Share on Social Media

Seek Additional Guidance
If the issue remains unresolved, refer to the comprehensive guide provided by Pharaoh on holding companies accountable. You can read it Fighting Back Against Scam
 
Back
Top