On Saturday (21/2), leaprate reported that OctaFX currently has pending United Kingdom Financial Conduct Authority (FCA) license. Previously, the St Vincent and Grenadine-based forex broker has said that they were looking for international-scale license in 2015.
On Saturday (21/2), leaprate reported that OctaFX currently has pending United Kingdom Financial Conduct Authority (FCA) license. Previously, the St Vincent and Grenadine-based forex broker has said that they were looking for international-scale license in 2015, although it was not known where they applied for it officially. The recent tip imply that although in the aftermath of SNBomb in January, some FCA-regulated broker went bust, but the UK-based regulation has not yet lost its spark.
Established since 2011, OctaFX is known as an offshore forex broker with focus in Southeast Asia market, particularly Indonesia, goes so far as sponsoring a local soccer club that has won Indonesian Soccer League. Although they stated that they have been operating in accordance with international standard, but actually as of late they have not own any license yet. If the UK FCA license come true, then we can predict the company will soon have an office in the UK as well as refine their services according to UK standard. On the other hand, a UK FCA license surely will boost OctaFX prestige among other forex brokers in the same market.
OctaFX is an international forex broker that operates worldwide. The domain belongs to a group of companies called Octa Markets Incorporated which is registered with St. Vincent and Grenadines FSA. Currently, the company focuses on Asian, South African, and Australian markets. OctaFX.com does not accept European clients as this market is specifically appointed to OctaFX.eu (regulated by CySEC).