OCTOFINTRADE (CLON) has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After for just over a year with OCTOFINTRADE (CLON) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Instant funding|Regular updates|Excellent charting
Cons: Research section could be deeper
The hidden fees at OCTOFINTRADE (CLON) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Low minimum deposit|Reliable uptime
Cons: Help articles are sometimes vague|No live chat on mobile
I wanted to transfer my portfolio from another broker to OCTOFINTRADE (CLON). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Multiple order types|Stable platform|Real-time alerts
Cons: Some tools only available on higher tiers|Limited social trading features