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Unregulated platform alert: SEC exposes OCTAFX/OCTA TRADING practices

The Securities and Exchange Commission (SEC) has warned the public against investment schemes of an unregistered online investment platform called OCTAFX/OCTA TRADING.

OCTAFX/OCTA TRADING was found by the SEC to be actively employing promotional campaigns on various social media platforms to attract and entice Filipinos to engage in investment and trading activities using its platform.

The entity claims to provide trading opportunities for over 300 financial instruments spanning a diverse range of asset classes. It also allows leverage trading for a maximum leverage ratio of 1:500.

SEC data showed that OCTAFX/OCTA TRADING is not a registered corporation in the Philippines, and is not authorized to sell or offer securities to the public.

As such, the SEC strongly advises the public to exercise caution before investing in the said entity.

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