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OctaFX in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%75
- Round-turn cost20%80
- Safety20%0
- Payouts15%97.5
- Track record10%no data
- Platforms10%65
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- IN clients served via offshore entity; local arm OctaFX India Pvt Ltd (renamed Tauga Pvt Ltd) sanctioned. Server relocations post-crackdown.
- Founded
- 2011
- Retail leverage
- 1000IN
- Round turn
- 9 USDIN
- Currencies
- USD; no INR base account.
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with OctaFXThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- IN clients served via offshore entity; local arm OctaFX India Pvt Ltd (renamed Tauga Pvt Ltd) sanctioned. Server relocations post-crackdown.
- Local standing
- ILLEGAL locally. On RBI Alert List of unauthorised ETPs (FEMA). SEBI Jul-2025 settlement vs OctaFX India: Rs 32 lakh, 1-yr market ban, 5-yr registration bar. ED PMLA case ongoing.
- Licence as the register states it
- No RBI/SEBI authorisation; offshore only.
- Leverage for this entity
- Offshore up to 1:1000.
- The firm behind it
- Founded 2011; rebranded OctaFX→Octa; very large India user base historically.
- What we hold against it
- MAJOR: ED PMLA probe, ~Rs 2,385cr crypto + assets (yacht, properties) seized; Ponzi allegations; RBI/SEBI action; mass withdrawal complaints.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youILLEGAL locally. On RBI Alert List of unauthorised ETPs (FEMA). SEBI Jul-2025 settlement vs OctaFX India: Rs 32 lakh, 1-yr market ban, 5-yr registration bar. ED PMLA case ongoing.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Micro (MT4), Pro (MT5), OctaTrader, min USD 25. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where OctaFX sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 9 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 25 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:1000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| Historically local bank | 24 | 0 | 50 |
| UPI-style deposits | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 1 local)
Historically local bank/UPI-style deposits;
- Historically local bank
- UPI-style depositslocal
- Account currency
- USD; no INR base account.
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(11 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- OctaTrader
- MT4
- MT5
| Class | Count | Min spread |
|---|---|---|
| OctaTrader | — | 0.6 |
| MT4 | — | 0.6 |
| MT5 | — | 0.6 |
| All instruments | 300 | — |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Identical for every row: Leverage 1000 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.5 | 7000 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(4 for and 6 against, each tied to a figure on this page)
- Withdrawal in 3 h, one of 74 of 90 brokers here that publish a time
- Swap-free account available
- Payouts 98 of 100, its strongest of 6 scored axes
- 3 platforms: OctaTrader, MT4, MT5
- Round turn 9 USD on the raw + commission basis, over the India median 7
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Min deposit 25 USD, over the India median 15
- The published 1:1000 comes from the group's offshore entity, not from the India one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 9IN
- Min deposit, USD
- 10IN
- Leverage
- 500IN
- Rank in this country
- #13
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 1000IN
- Rank in this country
- #14
- Round turn, USD
- 10IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 2000IN
- Rank in this country
- #17
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 200IN
- Rank in this country
- #19
- Round turn, USD
- 7IN
- Min deposit, USD
- 50 groupIN
- Leverage
- 500IN
- Rank in this country
- #20
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | OctaFX |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 75 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 80 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 98 |
| Track record | 10% | Years since the firm was founded, from its own filings | 75 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 65 |
FAQ
- Does OctaFX accept residents of India?
- No. ILLEGAL locally. On RBI Alert List of unauthorised ETPs (FEMA). SEBI Jul-2025 settlement vs OctaFX India: Rs 32 lakh, 1-yr market ban, 5-yr registration bar. ED PMLA case ongoing. Onboarding entity: IN clients served via offshore entity; local arm OctaFX India Pvt Ltd (renamed Tauga Pvt Ltd) sanctioned. Server relocations post-crackdown.
- Is OctaFX licensed to serve clients in India?
- No RBI/SEBI authorisation; offshore only. Checked on 09.07.2026.
- How much does one round turn cost at OctaFX?
- About 9.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does OctaFX offer to retail clients in India?
- Up to 1:1000. Offshore up to 1:1000
- Which trading platforms does OctaFX support?
- OctaTrader, MT4, MT5. Instruments: FX, metals, indices, commodities, crypto & stock CFDs.
- How can I withdraw money from OctaFX in India?
- Historically local bank/UPI-style deposits; withdrawals widely reported failing after ED action.
- What account types does OctaFX offer?
- Micro (MT4), Pro (MT5), OctaTrader; min USD 25.
- Does OctaFX offer a swap-free (Islamic) account?
- Yes. OctaFX offers a swap-free (Islamic) account to India residents.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.