Octafx is putting misleading info at site and eating trader money

Hemant123

Private, 1st Class
Messages
30
I am using octafx from last one year.they have 50% bonus and they write this bonus increase total amount of fund.they announce new 100% bonus and they write its part of free margin.i open some trade and my account was on 150$ and bonus was 81$. When my trade were close it was showing near about 80-85$ as free margin.i ask them how this happen then thy said trade close bec equality decrease lower thn bonus.free margin is something if trade go negative margin help to keep trade open and other side thy say equality become less thn balance. These are opposite things if its free margin mean it should help in negative trade and if i can only trade by my account balance margin then it not add in free margin.this is how they eat real money
 

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Hemant123

Private, 1st Class
Messages
30
I wanted to use a broker who accept paytm or phonepay system.and this company use this method. So i decide to try n put small amount.some time my account got blown but it was my fault but this time it wasnt my fault so now i come to know about this.
 

Hemant123

Private, 1st Class
Messages
30
Its a trick to eat real money.they writè increase free margin so if someone put 100$ it will show 200$ free margin. And for a trader free margin mean its to help negative trade like above 200$ till a trade can go negative so they open position by this calculation but in real that position become big because thats not free margin and as soon its go -100 thy çlose trade. Its trick to make trade open higher position but not to support account. As a trader for me free margin help to open big traďe but main function is help in keep negative trade open till free margin is available. I invite them to reply on this. Hope people will have eye on this postScreenshot_20200501-185539_Chrome.jpg
 

acertablet

Private, 1st Class
Messages
168
Arlear Inc OU - Registration No. 14459825
Harju maakond, Tallinn, Lasnamae Linnaosa, Sepise tn 9 // Valukoja tn 8-110, 11415, Estonia.

Octa Markets Incorporated - Registration No. 19776 IBC 2011 - https://www.octafx.com/
Suite 305, Grifth Corporate Centre, Beachmonth, Kingstown, St. Vincent and the Grenadines.

Octa Markets Cyprus Ltd (HE359992) - www.octafx.eu
Cyprus Securities and Exchange Commission (CySEC) - 372/18

i assumed your account is under octafx.com /St vincent & Grenadines. local gov already clearly mention, no regulation for forex in their country, so broker also can tell you company director used your money for hooker and theres nothing you can do sir

 

OctaFX Rep

octafx.com Representative
Messages
156
I am using octafx from last one year.they have 50% bonus and they write this bonus increase total amount of fund.they announce new 100% bonus and they write its part of free margin.i open some trade and my account was on 150$ and bonus was 81$. When my trade were close it was showing near about 80-85$ as free margin.i ask them how this happen then thy said trade close bec equality decrease lower thn bonus.free margin is something if trade go negative margin help to keep trade open and other side thy say equality become less thn balance. These are opposite things if its free margin mean it should help in negative trade and if i can only trade by my account balance margin then it not add in free margin.this is how they eat real money
Dear Hemant123,

Your deposit bonus was cancelled by equity. If you read our promotion rules, you'll understand that deposit bonuses are designed to help you open bigger trades but will not help you avoid a margin call, or a stop out as you simply cannot trade using bonus funds solely. We hope this clarifies the issue for you. If we can be of any further assistance, please, let us know.

Kind regards,
OctaFX Rep.
 

4evermaat

2nd Lieutenant
Messages
1,814
Arlear Inc OU - Registration No. 14459825
Harju maakond, Tallinn, Lasnamae Linnaosa, Sepise tn 9 // Valukoja tn 8-110, 11415, Estonia.

Octa Markets Incorporated - Registration No. 19776 IBC 2011 - https://www.octafx.com/
Suite 305, Grifth Corporate Centre, Beachmonth, Kingstown, St. Vincent and the Grenadines.

Octa Markets Cyprus Ltd (HE359992) - www.octafx.eu
Cyprus Securities and Exchange Commission (CySEC) - 372/18

i assumed your account is under octafx.com /St vincent & Grenadines. local gov already clearly mention, no regulation for forex in their country, so broker also can tell you company director used your money for hooker and theres nothing you can do sir

Already been investigated into one place. Have a look here:


A lot more articles coming like that.
 

Hemant123

Private, 1st Class
Messages
30
Well i want to ask people who are trading from long time if i say free margin in ir account what will come in their mind? As octa fx reply thy close my trade bec equality became less thn bonus but if u r giving free margin it should help in negative trade that is my point n i think most of trader will think same way. If i only can trade till my real account balance thn how that thing help in free margin i want to ask that? Am i only one who have wrong idea about free margin and i also post how free margin trick work isnt it seem to running by their answer
 

Hemant123

Private, 1st Class
Messages
30
Dear octafx what kind of free margin do u give which dont help in margin call? Isnt tht misleading statement.
 
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