Hi could any one please explain if Octafx is a regulated broker or not. I did chat with the customer support and he said “OctaFX is regulated The Financial Services Authority of St. Vincent and the Grenadines or FSA” and gave me link Welcome to The Financial Services Authority - St. Vincent & the Grenadines but I am still not satisfied :13:. Thanks in advance!
I think currently they are only regulated by that agency.
There are other brokers getting multiple license but this one is unfortunately not.
However, regulations is not the only thing that matters. Lots of people are trading using Octafx because it has ridiculously low spread even during the Asian session and their choice of leverage is great. Also their ECN account type is also great. I personally have live account with them too.