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is octaforex is scam ?

millionaireboy
Aug 04 2014 at 19:17
8 posts
Last contest were offer by octaforex here and Octaforex have given $10 bonus to everyone who participated in that contest. Can we withdraw our Fund after complete 2 standard lot ? or they are scam ? most of guys are saying they will never pay you the profit if u will make is it true ?

Snail Trading Ltd. (dchara01)
Aug 04 2014 at 22:50
126 posts
Although it is a relatively new company (2011), I never heard anyone complaining about them. They are regulated and they seem to be reliable. The best way to find out though would be to experience it by yourself.

Trading 2 standard lots with a $10 starting balance, without blowing your account is a pretty difficult task... but then again.. it is risk free, so why don't you give it a try?

Purely statistical though, not many people will end up withdrawing a penny from this bonus, so I guess that even if there are some beasts out there.... they won't be many, so that OctaFX will have issues letting them withdraw the funds.... That's why they put that requirement...

Given the fact that some statistics claim that >95% of traders are losing money... the odds are on their favor!

vontogr (togr)
Aug 05 2014 at 14:12
4862 posts
@millionaireboy
Do you mean OxtaFx?

They are not scam, has very low spread and even though I had some trouble with withdrawal it was solved at the end.
Definitely worth a try with smaller deposit

Snail Trading Ltd. (dchara01)
Aug 05 2014 at 18:57
126 posts
millionaireboy posted:
read everyone this thread ad FPA
https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/23019-octafx-big-scam-held-all-my-profits-plus-deposit.html


Not a very helpful thread...
I don't know for sure though they may be a scam... I don't trade with them... but I know that they don't allow arbitrage trading on certain types of accounts.
They state this on their website.

vontogr (togr)
Aug 05 2014 at 19:19
4862 posts
dchara01 posted:
millionaireboy posted:
read everyone this thread ad FPA
https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/23019-octafx-big-scam-held-all-my-profits-plus-deposit.html


Not a very helpful thread...
I don't know for sure though they may be a scam... I don't trade with them... but I know that they don't allow arbitrage trading on certain types of accounts.
They state this on their website.


I do trade with them and I withdraw my profit each month. The only issue was they force me to withdraw via other channel without proper explanation. I would say for small accounts like 1k they are just fine

kanon103
Sep 09 2014 at 06:42
99 posts
they are not ECN
if you want to scalping with him they would manipulated the price.

they also will deny your withdrawal for any reason, you gonna have to make a fight (keep contact them) to make withdrawal,
they are not trusted enough to deposit big amount of money.

if you really want to risk your money, i say deposit small account.

if you want to deposit big money, YOU WILL HAVE ISSUE ON WITHDRAWAL WITH THEM.


mariav
Sep 10 2014 at 12:23
115 posts
scammers or not but their banners are everywhere.😕

Profitmaster (Profitmaster_)
Sep 11 2014 at 07:02
5 posts
Big scam. Never trust them. If you will make big profit, octa will cheat you. Only no deposit bonus.
By the way, trade conditions are perfect.

kanon103
Sep 11 2014 at 09:55
99 posts
mariav posted:
scammers or not but their banners are everywhere.😕


so what? every broker can use banners. even scam broker.






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