OctaglobesFXPro has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to LexoTrade. We’ve received over 5 complaints against OctaglobesFXPro.
OctaglobesFXPro is an unregulated platform with a history of complaints regarding its trading conditions, lack of transparency, poor customer support, and issues with fund security and withdrawals. These factors contribute to its classification as a risky and potentially fraudulent investment platform.
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Key Takeaways
Is OctaglobesFXPro Regulated? Do They Have a License?
The lack of regulation or the presence of poor regulation is a huge red flag. It means OctaglobesFXPro is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of OctaglobesFXPro, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at OctaglobesFXPro
They promise high returns, typical of scam offers, and are known for unsecured schemes. This lack of security in their trading conditions and methods is a major red flag.
OctaglobesFXPro has been reported to employ tactics that prevent clients from withdrawing their funds, such as urging additional trades, imposing high withdrawal fees, and ceasing communication.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
OctaglobesFXPro Customer Service: Do They Handle Complaints Well?
OctaglobesFXPro displays several warning signs, such as not being regulated, high fees, lack of transparency, poor communication, and difficulties in withdrawing money. These issues raise concerns about their approach to handling complaints.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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OctaglobesFXPro Reviews: What Do Others Say?
The available information suggests that OctaglobesFXPro’s customer support is unreliable. They offer contact through phone and email but do not provide location data, and their responses become questionable, especially after receiving funds from clients.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like OctaglobesFXPro tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust OctaglobesFXPro reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of OctaglobesFXPro, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like OctaglobesFXPro enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “OctaglobesFXPro reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising OctaglobesFXPro.
You should always look out for consumer complaints. In the case of OctaglobesFXPro, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about OctaglobesFXPro? You can share your complaint in the comment section or submit an anonymous tip.
Is OctaglobesFXPro Legit Or Scam?
OctaglobesFXPro is considered an unreliable and potentially fraudulent platform. It targets inexperienced traders and investors with false promises and lacks regulatory oversight, making it a risky choice for investment.
OctaglobesFXPro is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind OctaglobesFXPro can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust OctaglobesFXPro?
All the evidence suggests that OctaglobesFXPro is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is OctaglobesFXPro a scam?
Can I withdraw money from OctaglobesFXPro?
Where is OctaglobesFXPro Located?
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How The OctaglobesFXPro Online Scam Works
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Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
