OctoFinance Review: Watch Out for this Scam!

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OctoFinance Review: Watch Out for this Scam!

OctoFinance is an offshore forex trading company that has no product or services to offer. The platform claims that it is trading multiple assets in the market. These include; metals, stocks, currencies, indices, and energy.

The platform is filled with bogus information that does not create trust with investors. The company guarantees traders that they can attain a different range of leverage. The shady company also states that it segregates clients” funds into other accounts.

OctoFinance additionally brags that they observe transparency in all their dealings. However, the platform is operating 100% anonymously.  The venture lacks credibility and should be avoided. Clients can also use mobile phones to trade.

Ironically, the company state that it is dedicated to providing better trading conditions. The entity claims that it has an MT4 platform. Sadly, this is another lie that you should evade. We thoroughly examined their company, and this firm is not offering a MetaTrader platform.

The platform is promising investors leverage of 1:200 and a spread of 0.7 pips. However, we cannot determine whether the amount is guaranteed. Nonetheless, the company has proven to be untrustworthy. Review

The company has broken links, and the signing up process is not easy. The company is not legit and wants to exploit novice traders who lack knowledge of the market. Multiple scammers have recycled the information available on their website in the past.

Trading with this venture will end in regrets. You will not generate profits with this scam. The promises they make will only end up being a fantasy.  Investors will not be able to cash out their earnings.

OctoFinance does not have any advantages. The entity is bragging of having great trading tools and a top-notch trading platform. Unfortunately, the statement is not valid. The company is not performing any trading activities.

They state that they analyze the market for their clients, which is another lie. The company is accepting funds from all over the world illegally. The team the venture brags about does not exist. Stay away from this scam.

Trade with legit forex trading companies in the market. You will earn a decent amount of funds. Additionally, the bots have been proven to work. The positive reviews from their real clients are enough evidence.

How Does OctoFinance Operates

The venture states that it examines the market critically for its clients. Hence, it predicts the next movement in the market with ease. The company also states that investors can trade whenever they please.

The venture does not disclose its trading conditions. They have three trading accounts at the disposal of their clients. It is no different from them. The company should not be trusted with funds.

Many data is missing from their website. Despite the company being new in the market, the project unrealistic data. The venture brags of having a large number of audiences. It raises questions because they have not been in the industry for an extended period.

 OctoFinance Review,  OctoFinance Platform

OctoFinance was established in June 2020. Chances of hem surviving in the future are very slim. Additionally, the entity is not receiving massive traffic.  The entity has multiple loopholes, and we will not recommend them to the public.

The number that the OctoFinance showcase they ought to have feedback from their existing clients. However, there is not even a single customer who has validated or endorsed this venture’s services.

Withdrawal and Deposits

OctoFinance is accepting funds via MasterCard, Visa, and Bank Transfer. We are not sure whether this entity is accepting the above form of payment. The least amount of money that you can cash in is $250.

The company claims that it does not have any hidden charges. The withdrawal process takes from 4 days up to 7 days to be complete. There is no limit when it comes to withdrawal. However, in case of inactivity for six months, you will be charged a 10% fee every month.

Legit investment companies are lenient when it comes to charging their customers. Ponzi schemes, however, will take advantage of their clients ruthlessly. Moreover, this shady firm is also offering a welcome bonus to new clients.

Nonetheless, they do have specific requirements that you must meet to withdraw. Usually, the requests are outrageous and hard to meet. You must trade an equivalent amount volume of 25 times before cashing out.

Financial regulatory bodies protect investors, and your losses cannot exceed the initial amount you cash in. Regarding OctoFinance, the case is different. Therefore, keep off this scam.

OctoFinance Contact Details

The platform states that it has multilingual professional customer support that is dedicated to helping investors. Additionally, it guarantees that all their clients’ needs will be handled instantly. However, we have a significant concern with this entity.

The phone number they provide raises red flags. It is as follows; +11 (111)1111111 the number is fake. With such characters, it is hard to trust the venture. Clients can also use OctoFinance to contact the support.

We highly doubt they are as responsive as they claim. The platform is desperately looking for victims. It does not require rocket science to identify such shady ventures. The company is located in an area that is a hotspot for Ponzi schemes.

The red flags should be taken seriously. You should not waste your time with this Ponzi scheme. They will not have any mercy when it comes to defrauding you. Expect poor customer support services from this venture.

Regulation Status

OctoFinance claims that Seabreze Partners Limited oversees its operations. The corporate is associated with other shady ventures in the market. It is allegedly based on the Commonwealth of Dominica.

The company has received a warning from various financial bodies. You will end up cashing funds to the scammers’ pockets. There is no way you will recover the amount back once you deposit the money.

The location that the company is situated is famously known for all the bad reasons. Your money will not be safe in such an entity. Additionally, the government does not monitor the activities of this venture. The company is an outlaw that should be avoided.

We checked to see whether OctoFinance is in the database of any regulatory body in the universe. Unfortunately, they are not, and this means you will be exposed to multiple risks. You should only stick to licensed entities in the industry.

Final Verdict

OctoFinance is linked to scam corporates in the industry. It is a clear indicator that the entity is not any good. The platform is taking advantage and stealing from innocent traders. You should not waste your funds in such a venture. ‘

They are not regulated; hence the venture does not offer fund safety. The company is an offshore firm that will disappear in thin air. You will not earn profits or be able to withdraw the funds you deposit.

Invest with legit forex trading companies that have excellent customer support services. The relevant authority also regulates there; hence your safety is assured. Finally, you will earn real profits, and you can view their trading results.



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