Your question: Is OctaFX registered in India?

Is OctaFX legal in India?

Yes, OctaFX is legal in India. According to the broker’s website, it is fully compliant with international legislation and allowed to operate worldwide.

Is OctaFX a broker in India?

The international Forex broker OctaFX is among the winners, garnering the ‘Best Forex Broker India’ award. … Not only does the broker celebrate its tenth anniversary, but it recently established some significant partnerships.

Is OctaFX registered?

Founded in 2011, OctaFX is regulated in only one tier-2 jurisdiction (Cyprus), making it a high-risk broker for forex and CFD trading. Customers are also served by the broker’s non-regulated offshore entity in Saint Vincent and the Grenadines (SVG).

Is OctaFX a regulated broker?

OctaFX is an umbrella brand used by two independent broker entities. Octa Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain OctaFX.eu.

Is Octafx safe?

According to our review currently OctaFX is safe and has proven to be reliable for people interested in forex trading.

How can I withdraw from Octafx in India?

Select the account you want to withdraw money from on the main screen. Then press Withdraw. You will see a full list of payment options available in your region.

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Who is owner of OctaFX?

Georgios D. Pantzis – CEO / General Manager – OCTAFX | LinkedIn.

What is punishment for forex trading in India?

At this juncture, it should be duly noted that under the Foreign Exchange Management Act (FEMA), 1999 or FEMA Act, one can face imprisonment or be imposed with a fine for forex trading done illegally in India.

Is forex trading legal in India?

Legalities of trading in India

Although Forex trading is permitted in India, citizens are not permitted to do so via electronic and online Forex trading platforms. … In India, however, it is only permitted and considered legal when conducted through specified Forex trading places with the base currency being INR.

Which country owns OctaFX?

OctaFX.eu is owned by Octa Markets (Cyprus) Ltd who is regulated by the Cyprus Securities and Exchange Commission (CySEC). OctaFX.com is owned by Octa Markets Incorporated which is not regulated by CySEC but has a registered business licence from St. Vincent and the Grenadines.

Is OctaFX registered in Pakistan?

OctaFX. OctaFX is an unregulated broker but continues to earn the trust of traders around the globe, with more than 1,500,000 accounts opened.