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TIER 2 · MISA · FSC-MU · FSCA · CySECRBI ALERT LIST#50 of 66 international brokers

Octa (OctaFX) review: the verdict.

Listed on the Reserve Bank of India Alert ListThe RBI lists OctaFX as not authorised to deal in forex or run a forex trading platform for Indian residents. Indian residents trading forex on unauthorised platforms can face action under FEMA. Source: RBI Alert List (RBI press release 2025-2026/1530, 19 Nov 2025; checked 24 Oct 2026).

Verdict score

6.4 / 10

Launch formula: 60% hard data, 40% outside ratings. Verified reviews from our traders replace outside ratings as they come in.

Regulation7.5

Best licence: Tier 2

Trading cost5.0

No published spread

Accessibility5.0

Deposit not published

Platforms & payments0.0

0 platforms · 0 payment methods

Outside ratings7.4

Trustpilot 3.7 from 9,951

Octa (OctaFX) vs top-rated peersPER YEAR

I trade standard lots of EUR/USD a month.

Trive$720

GO Markets$1,200

FP Markets$1,440

Zero Markets$1,440

Vantage$1,440

Cheapest vs most expensive here, per year$720

Regulation

Who licenses Octa (OctaFX).

Licences as Octa (OctaFX) lists them. A tick means we found the entity on the regulator's own register.

Regulator	Tier	Entity	Licence no.	On register
MISA	OFFSHORE	Octa Markets Ltd	T2023320	Not yet checked
FSC-MU	OFFSHORE	Uni Fin Invest	GB21027161	Not yet checked
FSCA	TIER 2	Orinoco Capital (Pty) Ltd	FSP 51913	Not yet checked
CySEC	TIER 2	Octa Markets Cyprus Ltd	372/18	Not yet checked

Accounts

Published EUR/USD costs.

No account pricing published.

Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.

Key facts

The fine print.

Website

www.octafx.com

Founded

2011

Headquarters

Not published

Minimum deposit

Not published

Max leverage

Not published

EU/UK leverage cap

—

Platforms

Not published

Deposits & withdrawals

Not published

Islamic (swap-free) account

Not published

Copy trading

Not published

Withdrawal fees

Not published

Inactivity fee

Not published

Restricted countries

Not published

RBI Alert List (India)

LISTED as "OctaFX" · list of 19 Nov 2025 · checked 24 Oct 2026

Verified reviews

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Outside rating used for now: Trustpilot 3.7 from 9,951 reviews.

Compare Octa (OctaFX)

Visit Octa (OctaFX)

Sources · data as of 2026-10-24

founded: www.metatrader5.com/en/find-broker/octa
regulators: www.financemagnates.com/thought-leadership/octa-breaks-down-its-legal-
trustpilot: www.trustpilot.com/review/octafx.com

Research notes: Broker's own pages (octafx.com /trading/accounts/, /about/; octa.markets) returned client errors or no content; octafx.com homepage returned only award claims. Regulators taken from a Finance Magnates thought-leadership (Octa-authored) article and corroborated by the MT5 broker directory (CySEC, MISA, FSCA, FSC Mauritius) - NOT from Octa's own site; verify before publishing. FSCA licence shown in source as 'FCP 51913' (likely FSP 51913; Orinoco Capital described as a local FAIS intermediary). Saint Lucia entity Octa Markets Incorporated (reg. 2023-00092) has no regulator, omitted. Founded 2011 per MT5 directory ('since 2011'). Note octa.com is an unrelated tablet-mount store; correct Trustpilot page is octafx.com.

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