Octa, known as OctaFX until its 2023 rebrand, has been one of the biggest broker names in South and Southeast Asia since 2011. Two points shape this review. Its global website names a Mauritius company and a Comoros company as the entities behind it. And by its own footer, those entities don’t serve India or Pakistan.
Is Octa regulated?
Octa’s global entities are Uni Fin Invest, an investment dealer licensed by the Financial Services Commission of Mauritius (GB21027161), and Octa Markets Ltd, licensed by the Mwali International Services Authority in the Comoros (HY00623410, brokerage license T2023320). Mauritius is tier 3 in our model and Mwali is tier 4. Octa doesn’t say which of the two opens your account, so we score the weaker one.
The group also runs Octa Markets Cyprus Ltd under CySEC license 372/18 for European clients, and a South African business. Neither serves our readers. Octa itself acknowledged in a 2025 article that it had “never fully disclosed” its legal structure before then.
Octa in your country
- India and Pakistan: Octa’s global entities list both among the countries they don’t serve. Octa (as OctaFX) is also on the Reserve Bank of India’s Alert List.
- Malaysia, UAE and Saudi Arabia: no local license found.
- Singapore: the authorities moved to block access to Octa’s offshore website in mid-2025 for operating without a license.
Costs, platforms and accounts
Octa markets commission-free trading and offers MT4, MT5 and its own OctaTrader platform, plus crypto deposits and withdrawals. We haven’t yet captured its published spreads or withdrawal times from its own pages, so it has no entry in The Log for now.
Who Octa suits
Octa suits Gulf and Malaysian traders who know the brand and accept an offshore license. Indian and Pakistani residents aren’t served by its global entities. Whoever you are, check whether your client agreement names the Mauritius or the Comoros company.