is octaforex is scam ?

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 ?

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!

@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

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

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.

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

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.

scammers or not but their banners are everywhere.😕

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.

mariav posted:
scammers or not but their banners are everywhere.😕

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

Only the withdrawl was an issue with me. That being said, I didn't spend much time with them.

Actually I do not have any experience to trade with them. I have been trading in Forex more than three years with GCI Financial, it is a regulated broker. Actually, i am not interested to trade in a non-regulated trading broker. Because, I believe only regulated brokers can provide enough trading securities about my trading capital.

So far so good.
The support was not able to help me with withdrawal but no other issues

kanon103 posted:

mariav posted:
scammers or not but their banners are everywhere.😕

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



i know that. I just wanted to say that scammers always spend more on advertisement since they want to have huge audience, collect money and cheat. Good broker does not spend that much on Internet advertisement and other pr since that know that they will have audience unless it's not a broker newbie who need a promotion.

I have also used octaforex for EA's
Everything was great.

No scam so far.

'I'm lazy unsuccessful trader. It's broker's fault, they're scam' 😁

With proper system even octa works like magic:)
https://www.myfxbook.com/members/togr/octafx-test/1032739/IDJ9cSO3cW13W2VBFpMv

Yes, that's an exceptional system:
~30 days history
~75% dd