OctaFX: Another Way To Make or Lose Money?

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User avatar
NiceGuy
Senior
Location: Lagos
 

May 15th, 2022, 12:52 pm

Can we trust OctaFX? Maybe, or maybe not.
options-forex-gambling.jpg
OctaFX adverts are everywhere. That should mean one two things:
1. The company desires more popularity so as to grow their user base very fast
2. The company is really raking in the millions from more users so this needs to be sustained.

Well, how about the investors or traders angle? Fact is: more people have lost money from trading platforms than they could earn.

Beautiful thing is: we cannot blame such trading platforms. In fact, they state clearly: only invest what you can afford to lose. You stand the chance of losing the whole of your capital.

Experience shows that people don't invest what they can afford to lose. People invest their entire savings. People take loans to invest, and they lose.

Well, we cannot blame the platforms. They are legal. That's their nature: it's their nature to be risky.

That people lose their moneys is just normal.
But it now became important that we do not mislead the public.

That is the purpose of this educational thread.

Looking at all the advert videos of OctaFX, the message is always positive. Gain gain gain.

So, it's easy for anyone to believe it's all rosy in there.

And they end up being disappointed.

Could the adverts and publicity been more realistic? Could they be more truthful? Could notes of warning be sounded also more?

Rather than make everyone think it's all rosy until they eventually get bitten?

It is global best practice that all companies like #OctaFX should draw all attention to the risks associated with their products rather than mislead everyone into thinking everything is good. This is where OctaFX is wrong.
Nigerian regulators should act.

Share your experiences with OctaFX. How about your friends.

Have they made sustainable gains from OctaFX?

Or is OctaFX not much different from other #gambling platforms like bet9ja, sportybet, babaijebu and co?

Let's have candid talks!
No advert warns of possible huge financial loss. That's wrong
No advert warns of possible huge financial loss. That's wrong
trading-vs-betting.png

Please share...

I'm really not that nice... :mrgreen:
User avatar
simpl2
Senior
 

May 15th, 2022, 1:14 pm

There's a very thin line between gambling and all these trading platforms
User avatar
eMade
VIP VIP
Location: Abuja
 

May 15th, 2022, 1:37 pm

All OctaFX adverts promise huge financial gains and rewards. None of the adverts warns of potentially huge financial loss risk.

I think that's quite wrong. People are being misled by sugar coated adverts and influencers. That's deceptive.
Learn more about βCoins: 61200 ✓ VIP Members: 61848 ✓ Referral: 62508
User avatar
Tec
Senior
 

May 15th, 2022, 7:26 pm

Is OctaFX Safe?
OctaFX is considered high-risk, with an overall Trust Score of 67 out of 99. OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).

https://www.forexbrokers.com/reviews/octa-fx
I buy & trade in Bestnaija βCoins. Any amount. PM me. :w:
User avatar
Deon
Senior
Location: Some where in Nigeria
 

May 16th, 2022, 9:31 am

Gambling in disguise
An eye for an eye left thousands blind,
remember that......
User avatar
NiceGuy
Senior
Location: Lagos
 

May 17th, 2022, 8:53 pm

Dube wrote: May 17th, 2022, 7:47 am Why my account not on VIP
Offtopic comment. Why dem no ban you.

On your question, maybe it has expired
I'm really not that nice... :mrgreen:
User avatar
Coded20
Senior
Location: Ondo
 

June 25th, 2022, 8:31 pm

Scam..........
No Love💔 In The City Just Make Money🤑 And Pray Not To Die Young🙏
User avatar
TitanKenneth
Senior
Location: New York
 

June 26th, 2022, 8:14 am

Was thinking of giving it a try till i saw this 😟
Follow me on facebook "Titan Kenneth".
https://mobile.facebook.com/profile.php ... speed_dial
User avatar
TitanKenneth
Senior
Location: New York
 

June 26th, 2022, 8:17 am

Was thinking of giving it a try till I saw this 😟
Follow me on facebook "Titan Kenneth".
https://mobile.facebook.com/profile.php ... speed_dial
User avatar
Coded20
Senior
Location: Ondo
 

June 26th, 2022, 9:08 pm

Abeg wetin dey sup for this best like this
No Love💔 In The City Just Make Money🤑 And Pray Not To Die Young🙏
User avatar
Jegz
VIP VIP
Location: Naija
 

July 10th, 2022, 7:37 am

Truth be told, all adverts by such platforms should bear stern warnings of the risks associated with their investments. That's global best practice. And if OctaFX is not including warnings in their adverts, they are breaking the law.
"Many of us are not living our dreams simply because we are busy living our fears" - Les Brown
User avatar
mimi
Junior
Location: Abj
 

July 10th, 2022, 9:10 am

Lots of scams in naija
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