Problem Octafx Broker credibility?

[ShRoAm]

Hello, Forex Peace Army Fellow Traders.

I have some disturbing news as regards the Broker Octafx.

1) They do not honour confirmed commitments, made by their employees.

2) Possible price feed manipulation, I will attach detailed and confirmed evidence shortly.

3) They are under the scanner from the Reserve Bank of India, India’s highest financial authority and regulator for undesirable practices.
I will attach detailed and confirmed evidence shortly.

Regards

Amit Satnam Wadhwa

A disgruntled FX trader with Octafx despite being a VERY high value retail trader in the Octafx trading system

 

[FxMaster]

Hello, Forex Peace Army Fellow Traders.

I have some disturbing news as regards the Broker Octafx.

1) They do not honour confirmed commitments, made by their employees.

2) Possible price feed manipulation, I will attach detailed and confirmed evidence shortly.

3) They are under the scanner from the Reserve Bank of India, India’s highest financial authority and regulator for undesirable practices.
I will attach detailed and confirmed evidence shortly.

Regards

Amit Satnam Wadhwa

A disgruntled FX trader with Octafx despite being a VERY high value retail trader in the Octafx trading system

Can you please share the proofs, you are claiming?

 

[old_long_johnson]

I found this article regarding OctaFX.

RBI warns against forex trading sites

The RBI said people undertaking transactions for purposes other than those permitted under the Foreign Exchange Management Act (FEMA) or on electronic trading platforms (ETPs) not authorized by the RBI can face penal action under the Foreign Exchange Act

www.livemint.com

 

[ShRoAm]

google.com/amp/s/www.thehindubusinessline.com/news/ed-raids-and-attaches-2114-cr-of-online-forex-trading-app-octafx/article65950930.ece/amp/

and

2) Refer the attachment.

Amit Satnam Wadhwa

 

[FxMaster]

@OctaFX Rep, need your attention here.

 

[HeavenLeighRob]

I've seen mixed reviews about them, so I guess we'll see what they have to say.

 

[4evermaat]

A disgruntled FX trader with Octafx despite being a VERY high value retail trader in the Octafx trading system

Can you post specific evidence of OctaFX cheating you specifically?? Dates, times, amounts?

An account statement would also help.

 

[OctaFX Rep]

Dear Amit Satnam Wadhwa,

Thank you for drawing our attention. We're sorry for not getting to you earlier.

As you may already know, OctaFX has been providing services for 11 years. We're more than committed not only to our clients but to our employees as well. Likewise, as an ECN broker, we only provide access to the Forex market yet never influence market movements.

However, we are aware of the advisory and want to ensure that everything works fine, and none of the current systems is affected. Rest assured, we always act according to our Customer Agreement and other policies for the security of our clients.

We hope this answers your concerns. If you have any other feedback, do not hesitate to contact us directly via Live Chat (https://www.octafx.com/contact-us/). Our team will be happy to help you more.

Kind regards,
OctaFX Rep.