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Octex Trade is an online trading company that brags about being the most prominent brand for cryptocurrency and forex investment. Nevertheless, such claims require strong backup, and traffic ought to be massive, you would think, however, as you read this impartial review on the broker. We highlight the ambiguity it exposes. The chances of attaining profits are minimal, considering the red flags. Octex Trade portrays a website and investment strategy that resembles multiple clone scam companies.
Meanwhile, these reliable crypto trading companies feature a recommendable approach. So you will enjoy pleasing returns on your hard-earned money. Octex Trade estimates massive returns. Accordingly, the main concern is its ability to attain the same claims. Scammers promise you profits that are improbable to generate even in well-established companies. Moreover, the trading world is not a walk in the park, and without a proper approach, you’ll attract negative returns.
Octex Trade assures users of a bright trading future. Accordingly, they guarantee all sorts of investors an opportunity to benefit from its services. At first glance on the website, most expert investors opt out of its services. Hence the main target is innocent customers. Beginners expect to find helpful video tutorials, seminars, webinars, etc. Scammers often feature basic trade terms, and you can generate similar data online for free. In addition, investment without proper education on an understanding of the market is inadvisable.
Octextrade.com is only after your money. The company promises cashback to its customers after meeting loyalty levels. Additionally, they do not reveal any transparency. Also, how they beat the vast competition in the market is questionable. Octex Trade promises constant returns, and there is no such thing. When trading, you may encounter losses or vice versa.
Therefore risk management measures are applicable to curb massive investment losses during sudden market shifts. Stop loss-take profit, among other measures, helps during volatility against trades trends.
Octex Trade promises automatic trading services. Also, the software is capable of fast trading executions. Nevertheless, the kind of algorithm it uses to attain good returns is unknown. Moreover, automatic investment is preferable to humans, and you should be cautious not to purchase the wrong tools. Fraudulent entities promise state-of-the-art technology, and upon investing, you end up attracting negative results
Nothing Octextrade.com promises its customers is sensible. As you read on its operation, you end up seconding the company is unreliable.
How Octextrade.com Operates
Octextrade.com does not have a suitable style of operation. The company operates anonymously. They do not feature any data regarding the founders or team of employees. Also, the company brags about having tremendous expertise in trading. Accordingly, there is no qualification that is available to prove the same. Therefore you might end up relying on trade directions from people who hardly have a clue on how the market functions. Scammers maintain high anonymity. As a result, they form clone companies and attempt to defraud funds from innocent traders.
Octex Trade will find multiple ways to persuade you into making hefty deposits. Additionally, they overestimate the returns. Also, you may come across a bonus on the first deposit up to 100% or more to match your initial investment amount. However, do not fall for the catch. Once scammers have your money, consider any business between you and them. They will even deny you access to the services it offers or your account.
Octex Trade promises liquidity from top-tier providers. Also, they guarantee low investment amounts. The company features prices of various currency pairs. Nevertheless, the same data barely shifts. Accordingly, market analysis and news information come from mysterious sources. Octex Trade claims to have made multiple customers rich. Also, you should expect trade data for previous results. Additionally, trade history for three months or more helps determine the kind of returns to expect. Scammers generate negative returns, and it explains why similar information is missing.
Octex Trade software is not compatible with MetaTrader, suitable for trading purposes. Therefore relying on its web trade may expose you to malicious third-party attacks.
Funds Safety at Octex Trade
Octex Trade is not reliable with a single dime of your hard-earned cash. The company exposes a lot of red flags to serve as a warning. Also, it raises more doubts when you check on the style of operation. The investment firm operates anonymously. So not only is your money at risk, personal data as well may fall into the wrong hands.
In addition, the security of your money should be a top priority to consider in any company. Octex Trade does not provide a demo account to test and familiarise its operation. You are likely to purchase tools that will lead to negative returns. The company does not have any positive feedback.
Octex Trade fails to showcase any evidence of swift transactions made by customers. Additionally, the company appears only to benefit the mysterious people behind its operation. They do not provide any bank details. Fraudsters keep money in personal accounts while they persuade you to wait for mysterious profits.
Deposit and Withdrawals
Octex Trade promises an affordable minimum investment amount. Accordingly, the account types available minimum deposit amount is $2000. The figure is quite costly, considering the ambiguity it reveals. The company does not provide any details on the funding options. Moreover, wire transfer and crypto transactions are irreversible. Hence it would help to consider using the credit/debit option for chargeback up to 540 days.
The investment firm does not feature a refund policy to reclaim your money if its services do not meet your expectations. Scammers often find ways to disappear with customers’ funds. Octex Trade does not provide any evidence of successful withdrawals made by its customers. The company will expose you to hefty commission figures. Even so, you will still be unable to access your cashback.
Customer Support of Octex Trade
Octex Trade location address is Pittington, RD, Rainton Houghton spring UK. Nevertheless, during fact-checking, the exact location information has nothing to do with the company. Scammers often prevent tracing once they swindle funds from customers. The company is not likely to maintain any communication upon receiving funds.
You can only contact them via email available on its website. The main concern is if you will receive any response to your query. Additionally, you should receive an instant reply and if not fast. Working customer support helps in building more trust between you and the company. Also, it promises a user-friendly interface that is hardly attainable without proper customer relations.
Regulation status of Octex Trade
Octex Trade does not appear under the radar of any regulator. Accordingly, they claim to be under the Financial Conduct Authority, which is responsible for issuing regulations in the UK. Nevertheless, s the same legit watchdog issues a warning against investing with the shady broker. Unregulated companies break trade laws as they please.
However, these regulated crypto trading companies apply a detectable level of transparency. Also, you can easily find and verify the same data with the legit bodies. The company does not provide any information on the founders because they risk facing criminal charges. Consequently, octextrade.com risks facing bankruptcy as it cannot afford regulation fees.
Octex Trade is a shady broker after customer funds. It claims to have won multiple awards, which are non-existent in the trading world. Additionally, you should do thorough research and read reviews from reliable sources before trusting any investment firm.
Moreover, these forex and crypto trading entities will attract a pleasant investment experience. Unlike Octex Trade, you come across a sensible investment approach.