New sources of earning money are trending and used by the youth. Many new earning techniques have been introduced in recent years, such as online games, gambling, stock investments, and trading.
The most popular is trading because you get instant profit and a flexible deposit and withdrawal system.
What Is OctaFX?
OctaFX is an official forex trading engine. In simple words, It is a trading app where people deposit money to invest and trade and easily withdraw the profits they earn through trading.
You will first have to create your profile on the application. You can first trade in a demo account then play with real cash.
The app allows the users to do trading and manage the accounts, deposits, and withdrawals.
Is OctaFX Safe For India?
Yes, it is safe for the country’s citizens to trade with OctaFX. The broker operated advanced SSL encryption to protect the information of the clients. There is two-step verification and a 3D visa protection to keep invaders away from stealing any personal or financial statement of the users.
Is It Legal To Use OctaFX In India?
OctaFX works as an excellent broker for forex traders, and it is registered under RBI. Yes, it is legal to use the OctaFX app for trading.
Reasons To Trust On OctaFX Trading App
You can check clients’ feedback on the internet and different websites where many clients from India have given positive feedback from the OctaFX trading app.
The broker keeps everything clear and direct about the cost and commission charges. Everything is mentioned on the website, and there are no hidden charges.
Also Read: Top 15 Best Money Earning Apps in India
How To Open An OctaFX Account?
Indian traders need to fill up the registration form available on the signup page on the app. The broker believes in obeying the rules and regulations of anti-money laundering agencies, so you need to complete the KYC process that means you have to confirm your identity to continue trading with the OctaFX trading app.
Steps to create OctaFX Account:
- First, search the OctaFX trading app on the Google play store then, download the app.
- Then, create your personal OctaFX account.
- Submit documents for KYC process and verification.
- Choose an MT4 OR MT5 trading platform where you want to invest.
- Then, deposit money in your account and start trading.
The trader has to submit a copy of their identity to verify and complete the KYC procedure. It will take 2 to 3 days for the broker to verify and confirm your account to practice trading on the application.
Also Read: How to Make Money with Bitcoin?
Are The Clients From India Accepted In OctaFX OR Is OctaFX Legal In India?
If we have to talk about the legality, then OctaFX is a legal trading platform. It has offered a lot of features that help people to gain benefits.
The clients get up to a 50 % bonus after the first deposit in the OctaFX trading app. Clients from India are welcomed to open an account in the trading app, and they are accepted the same as other clients.
But the OctaFX app does not hold accommodations from India’s securities and exchange Board because it is an international company. The company has the documents for business which allows them to offer financial services all over the world.
No, the company doesn’t hold regulations from India’s Securities and Exchange Board (SEBI). Since OctaFX is an international company. However, the broker’s documents of incorporation allow it to offer financial services to clients all around the world.
OctaFX trading is legal in India and safe for everyone. You can do trading with the help of the broker and earn profits.
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