My interest in forex began recently. I was looking for a convenient platform and came across OctaFX. Everything looked good - bonuses, easy registration. But before depositing money, I asked myself:
Is OctaFX legal in India? I started looking for information and, fortunately, found an excellent article on IndicatorSpot. It is described in detail there that Octa (new name OctaFX) is not regulated by SEBI, which means it is not officially recognized in India. However, this does not stop many traders from using the platform. The article explains honestly: there are risks, especially if disputes or problems with withdrawal of funds arise. I realized that I first need to understand the mechanics of trading, test the platform without investments and only then decide whether to go further or not. The question turned out to be more important than I thought.