octopusfx-trade is an online trading platform claiming to offer services in forex, indices, commodities, and cryptocurrencies. Upon investigation, no registered information for this entity was found, nor does it hold any valid regulatory information. The official website of octopusfx-trade is: https://octopusfx-t.com/
Background of octopusfx-trade:
The domain of octopusfx-trade was registered on January 25, 2024. According to its official site, the registered address is 4 Fitz-James Ave, Hammersmith, London, W14 0RP. However, no registered information for this entity was found.
Regulatory Information of octopusfx-trade:
octopusfx-trade claims to offer services in forex, indices, commodities, and cryptocurrencies, and purports to be a trading company registered under Cypriot law with a license from the Cyprus Securities and Exchange Commission (CySEC). However, no matching company name for octopusfx-trade was found on the Cyprus Companies Registry or CySEC's website, indicating that the provided registration and regulatory information is false.
Account Registration Process of octopusfx-trade:
- Visit the octopusfx-trade website and click the registration button.
- Fill out the application form.
- Submit identity verification/documents.
- Make a deposit and start trading.
Account Types of octopusfx-trade:
octopusfx-trade offers the following account types:
STARTER ACCOUNT:
- Minimum deposit: £500
- Expected minimum profit: £3,500
- Expected maximum profit: £5,000
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Expected minimum profit: £45,000
- Expected maximum profit: £50,000
PLATINUM ACCOUNT:
- Minimum deposit: £10,000
- Expected minimum profit: £99,999
FOREX SIGNALS:
- Up to 10 signals per day
- Success rate: 95%
Trading Software of octopusfx-trade:
octopusfx-trade has not disclosed detailed information about its trading software, raising concerns among investors about its technical support and trading tools. The choice of trading software directly impacts the smoothness and security of trading; hence, investors should be cautious and prioritize platforms that provide transparent information and renowned trading software to ensure fund safety and efficient trading.
Trading Products of octopusfx-trade:
octopusfx-trade offers a diverse range of trading products to cater to different types of investors. Its primary trading products include:
- Forex: octopusfx-trade offers extensive currency pairs covering major, minor, and exotic pairs. Investors can trade standard pairs like EUR/USD, GBP/USD, USD/JPY, among others.
- Cryptocurrencies: The platform supports trading in various major cryptocurrencies including Bitcoin, Ethereum, Litecoin, etc.
- Stock Indices: octopusfx-trade allows trading in global major stock indices like the S&P 500, Dow Jones Industrial Average, NASDAQ Composite, etc.
- Stocks: The platform supports trading of stocks from major global stock markets.
- Energy: octopusfx-trade offers trading in energy products such as crude oil and natural gas.
- Commodities: Besides energy products, the platform supports trading in other commodities like gold, silver, and other precious metals.
What are the Spreads, Leverage, and Commissions of octopusfx-trade?
Specific trading conditions such as spreads, leverage, and commissions of octopusfx-trade are not disclosed on its official website.
Deposit and Withdrawal Methods of octopusfx-trade:
Deposit and withdrawal methods are not specifically detailed on the official website of octopusfx-trade. Generally, traders might be able to use various common payment methods including bank transfers, credit cards, and electronic wallets for deposits and withdrawals.
Customer Support of octopusfx-trade:
Email:support@octopusfx-t.com
Phone: +44 7466045215
Conclusion:
octopusfx-trade shows a lack of transparency in several key areas including company registration information, regulatory information, and specific trading conditions. This lack of transparency increases the risk and uncertainty for investors. Although the platform offers various trading products and account types, undisclosed trading software and deposit/withdrawal methods make it difficult for investors to fully assess the quality and reliability of its services. octopusfx-trade is listed as “Suspected Fraud” on TraderKnows.
