Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
OctaFX Update: Crypto Deposit Restrictions Raise Regulatory Concerns
Abstract：Malaysian traders using OctaFX Malaysia should take note of a significant update affecting their accounts. As of 18 August 2025, the broker has disabled deposits via Ethereum (ETH) and Bitcoin (BTC) for clients in Malaysia.
Malaysian traders using OctaFX Malaysia should take note of a significant update affecting their accounts. As of 18 August 2025, the broker has disabled deposits via Ethereum (ETH) and Bitcoin (BTC) for clients in Malaysia. This restriction applies only to deposits, while withdrawals in these cryptocurrencies will continue as usual.
At first glance, OctaFX presents itself as a long-established, professional broker with a strong international presence. Its sleek website, diverse range of trading instruments, and claims of regulatory oversight often reassure traders. However, a closer OctaFX review conducted by WikiFX reveals a different story.
The Securities Commission of Malaysia (SC) has officially placed OctaFX on its Investor Alert List. The regulators notice states that OctaFX has been conducting derivative trading activities without a valid licence and operating a recognised market without authorisation. This means that, despite its global reputation, OctaFX is currently operating in Malaysia without proper approval from the SC.
Globally, OctaFX does hold a licence with the Cyprus Securities and Exchange Commission (CySEC) under licence number 372/18, registered as a market maker. While this offers a degree of legitimacy in Europe, it does not cover operations in Malaysia. This is where many investors misunderstand the concept of regulation. Being licensed in one jurisdiction does not automatically mean a broker is authorised everywhere.
For Malaysian traders, this distinction is crucial. A brokers regulation is only effective in the regions where it is recognised. In the case of OctaFX Malaysia, clients lack the local protections that come with dealing through an SC-approved broker. This exposes traders to risks such as limited recourse in cases of disputes, delayed fund recovery, or potential malpractice.
In every circumstance, investors should not only verify whether a broker is regulated, but also ensure that it is authorised specifically within Malaysias legal framework.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Garanti BBVA Securities Exposed: Traders Report Unfair Charges & Poor Customer Service
Have you been financially ruined through chargebacks allowed by Garanti BBVA Securities? Do you have to wait for hours to get your queries resolved by the broker’s customer support official? Did the same scenario prevail when you contact the officials in-person? Failed to close your account as Garanti BBVA Securities officials remained unresponsive to your calls? Many have expressed similar concerns while sharing the Garanti BBVA Securities review online. In this article, we have shared some complaints against the broker. Take a look!
Original 3h
In-Depth Review of Stonefort Securities Withdrawals and Funding Methods – What Traders Should Really
For any experienced forex and CFD trader, the mechanics of moving capital are as critical as the trading strategy itself. The efficiency, security, and transparency of a broker's funding procedures form the bedrock of a trustworthy, long-term trading relationship. A broker can offer the tightest spreads and the most advanced platform, but if depositing funds is cumbersome or withdrawing profits is a battle, all other advantages become moot. This review provides a data-driven examination of Stonefort Securities withdrawals and funding methods. We will dissect the available information on payment options, processing times, associated costs, and the real-world user experience. Our analysis is anchored primarily in data from the global broker regulatory inquiry platform, WikiFX, supplemented by a critical look at publicly available information to provide a comprehensive and unbiased perspective for traders evaluating this broker.
Original 4h
MH Markets Deposits and Withdrawals Overview: A Data-Driven Analysis for Traders
For any experienced trader, the integrity of a broker is not just measured by its spreads or platform stability, but by the efficiency and reliability of its financial plumbing. The ability to deposit and, more importantly, withdraw capital without friction is a cornerstone of trust. This review provides an in-depth, data-driven analysis of the MH Markets deposits and withdrawals overview, examining the entire fund management lifecycle—from funding methods and processing speeds to fees and potential obstacles. MH Markets, operating for 5-10 years under the name Mohicans Markets (Ltd), has established a global footprint. With a WikiFX score of 7.08/10, it positions itself as a multi-asset broker offering a range of account types and access to the popular MetaTrader platforms. However, for a discerning trader, the real test lies in the details of its payment systems and the security of their funds. This article dissects the MH Markets funding methods withdrawal experience, leveraging pr
Original 5h
GAIN Capital Review: Exploring Complaints on Withdrawal Denials, Fake Return Promises & More
Is your forex trading experience with GAIN Capital full of financial scams? Does the broker disallow you from withdrawing your funds, including profits? Have you been scammed under the guise of higher return promises by an official? Does the GAIN Capital forex broker not have an effective customer support service for your trading queries? Concerned by this, many traders have shared negative GAIN Capital reviews online. In this article, we have discussed some of them. Read on!
Original 5h
WikiFX Broker
Latest News
The 350 Per Cent Promise That Cost Her RM604,000
WikiFXIn-Depth Uniglobe Markets Commission Fees and Spreads Analysis – What Traders Should Really Know
WikiFXWikiFX's New Evaluation of ATM Capital LTD: Does its License Protect the Arab Investor?
WikiFXIs Axi Legit? A Data-Driven Analysis of Its Regulatory Standing and Trader Feedback
WikiFXHow a Fake Moomoo Ad Led to the “New Dream Voyage 5” Scam
WikiFXFXPesa Review: Are Traders Facing High Slippage, Fund Losses & Withdrawal Denials?
WikiFXTrive Investigation: High Score, Hidden Risk - The Profit Paradox
WikiFXCMC Markets Australia Revenue Surges 34%, But High-Net-Worth Clients Face Tax Phishing Threat
WikiFX"Just 9 More Lots": Inside the Endless Withdrawal Loop at Grand Capital
WikiFXGCash Rolls Out Virtual US Account to Cut Forex Fees for Filipinos
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate