OctavioTradeFX Review: An Unregulated Mess

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OctaviotradeFX Review
  • Fund Safety
  • Regulation
  • Customer Support
0.5

Summary

OctavioTradeFX does not introduce us to its founders or team members. Only illegitimate companies see the need to hide their founders. Your money is not safe in the hands of these individuals. Only invest in legitimate and trustworthy companies for professional services.

OctaviotradeFX is a company that promises the best trading platform in the market. However, you can already see problems with this platform as soon as you land on the website. The browser warns us against submitting any personal data to the website. There are many companies like OctavioTradeFX.

It claims to provide brokerage of forex, shares, futures, indices, energy, and metals. This can be a great feature as it allows traders to spread their investment risk across several assets. However, we can assure you that these are just empty promises from this company.

OctavioTradeFX Review, OctavioTradeFX Company

Companies come into the market with excellent layouts but end up being scams. Traders should keep their eyes peeled for such institutions. They have nothing good to offer you. They are only interested in stealing people’s funds. 

Luckily, there are many legitimate forex brokers in the market. Such companies offer reliable, fast, and honest services to investors. Moreover, they have been in the market for a long time and continue to prove to be the best. 

In the meantime, here is our review of OctavioTradeFX.

Octaviotradefx.com Review

OctavioTradeFX wants you to believe that it has your best interest at the heart of its mission. The company promises to remain committed to turning your ideas into businesses. While this may be good, we have no idea what these people are talking about. It seems that the founders are willing to say anything that sounds good to attract customers.

Additionally, the company promises clients an MT4 trading platform. This is one of the most popular platforms among seasoned traders. While this may be good, it means nothing if the company cannot help you secure your investment. 

Furthermore, the services these people offer are very suspect. These people are offering education and technical analysis services. However, they did not care enough to introduce their expert traders. At the very least, they should show us their trading results. That is the only way we would believe that they can offer such services.

The homepage of octaviotradefx.com also reveals another worrying detail. The company provides a link to download the software AnyDesk. We know that this is popular software that scammers use to gain remote access to victim computers. 

Do not give these people any access to your computer. They will pretend to help you with your deposit or account details, but that will be just for show. They will steal your funds and disappear. Stay vigilant.

In terms of customer support, there are various channels you can use to reach OctavioTradeFX. First, you can give the company a call via +(1100) 1989 1994 0901. Secondly, you can email the support team at support@octaviotradefx.com. Interestingly, the company’s live chat option does not work.

Account Types

OctavioTradeFX offers four main account types. This is attractive as clients of different classes can choose the plan that best suits their portfolio needs. These accounts are the Mini, Standard, Gold, and Platinum accounts. 

The Mini account accepts a balance of between $500 to $5000. The leverage for this account is 1:50 with floating spreads.

OctavioTradeFX Scam Review, OctavioTradeFX Features

The second account is the Standard account. This account accepts a balance of between $10,000 to $50,000. The leverage for this account is up to 1:50 with floating spreads. Additionally, investors do get live SMS alerts and a personal trading trainer. 

The third account is the Gold account. The minimum deposit is $100,000. This account comes with a leverage of up to 1:50.

The fourth account is the Platinum account. This account expects a minimum balance of 2$00,000. The maximum leverage is 1:50, and the spreads are variable. This account also comes with two risk-free trades. 

Founders and Physical Location

Knowing the founders and physical location of a company is very crucial. This allows you to form an idea of what to expect from the company. In general, you should never invest with mysterious people on the Internet. Only illegitimate operations see the need to conceal the identity of their founders.

Unsurprisingly, OctavioTradeFX does not reveal the identity of its founders. This is a red flag that you should not ignore. The only reason these people are hiding their identities is to avoid facing the law.

In terms of physical location, OctavioTradeFX operates from the Marshall Islands. The Marshall Islands is a hotbed of illegal companies. It has very lax laws which create a favorable environment for scammers to operate. Octaviotradefx is operating from this country for a reason. Avoid this company like the plague.

Regulation and Fund Safety

It is fundamental to invest only with regulated companies. Regulatory bodies ensure that company operations are within legal confinements. Additionally, they ensure that companies have the right banking set up to protect clients’ funds. As such, no unregulated company can assure you of your funds’ safety.

OctavioTradeFX operates from the Marshall Islands. The only problem with this is that this jurisdiction does not have a reliable forex regulator. Therefore, this company is offering financial services illegally. Even worse, they know that they are breaking the law, but they do not care.

The company claims to work with major banks in order to ensure fund safety. Sadly, this is just sugar-coating the whole scenario. At the end of the day, this company is still an unregulated mess. 

Furthermore, there is no evidence to show that the company has systems’ protection. There is no mention of the software or hardware they have in place for security. Additionally, there is no SSL certificate. This means that hackers can easily access and steal your money and personal data.

Domain Insight

The official domain for this company is octaviotradefx.com. The company claims to have been in the forex market for a long time. However, Whois records reveal a different story. The registration date for this domain is the 16th of October 2020. As you can see, these people are willing to lie to attract customers.

Another red flag is that the company holds only a one-year registration period. Clearly, they have no intention of sticking around that much. Only invest with companies that intend to serve you for a long time.

Furthermore, this company ranks very low in terms of web traffic. Alexa.com does not even track the site’s metrics. OctavioTradeFX is not as popular as they want you to think. This is yet another terrible company with no clients.

Final Verdict

OctavioTradeFX is yet another scam operation pretending to be a forex broker. It has all the red flags to a perfect scam. First of all, these people are running an illegal company. They are offering financial services without a license.

Second, the company does not introduce us to its founders or team members. If they are operating on legal terms, then they would have nothing to hide. Moreover, revealing their identities would do them more good than harm. We do not understand why they would not just do it. Avoid OctavioTradeFX like the plague. This company has nothing good to offer you.

You are better off investing in companies that have been in the market for a longer time. Invest only in the top legitimate forex brokers for your peace of mind. Such companies are transparent and professional in their operations.

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