OctaFX Copy Trading Scam - I Tried and Lost All My Money with OctaFX (An Honest Review)
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- Опубликовано: 10 сен 2022
- I recently saw an OctaFX advert on my phone that claimed that I can make $5765 with an investment of $20 using the OctaFX copy trading platform which basically allows you to copy the trades of the established and professional traders and you are assured a profit doing that.
I decided to try it out in an attempt to verify the claim and help others confirm the viability of this investment. This video is a detailed documentation of that process which includes downloading the app, making a deposit into OctaFX, copying a master trader on the OctaFX app, and finally the results I got.
Kindly leave your questions, comments, and all in the comment box below as I look forward to answering your questions.
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Copy trading is good but use minimum lot size, place stop loss (as many master traders don't use an sl) put maximum drawdown stop, some of them make floating loss of upto 70%, since they do long term trading. Also remember that trading with less than 100$ account is practically impossible to succeed since you need to put sl to nearly 5% of your equity in order to giver your trade room for volatility before it moves in your desired direction.
When people do something wrong;It doesn't work
When it doesn't work; it's a scam.
Be real man
If u set it up wrong it's not going to work. And people make money with this stuff. If copy trading doesn't work, learn how to trade on ur own.
Make a video about export option.
Saying wether if it is a scam or not
They say trade for 50$ account but then open too much trades.
Thank you for the heads up Sir Gerald. Please can we have your link to the copy trading Platform that works and has good reputation?
Gerald, you're right bro they are not legit. Have tried it once and they collected all my money.
Yes he's right cause the first time I tried the master I copied made I good profit for me but they blocked him claiming that they're suspicious of his actions , I later copied another master and lost everything that was when I know it was a scam
Did you at least keep external contact of this master trader that you used first that made you money??
That is because you dont have floating to keep the trades open untill they are profitable ☺ if he open 30x trades at 1.50 then octa automatically closes your trades while he have capital to keep his opened
Please all be warned...there is no SL option meaning that the master can be irresponsible and blow your account. They don't want to include stop loss
Is true at 1sth I made profit after copping another master I lost my profit and capital I started with 25d and made about 28.87d then ended with only 20.25d I think the platform is really a scam
if you don't know what trading is it become a gambling. we called it trading for a reason not just copy someone who doesn't know how to manage their risk
1. OCTAFX is not scam at all.
2. Copy traders use big lot size so your deposit may not carry it.
3. Learn to trade yourself.
Iearnt trading for 3years, I don't do copy trading, I trade well myself.
Octafx pays.
Copy traders are innocent.but most of u won't understand
Please can you give me insight on how l can learn it myself..... please l need a helping hand.....can you assist me.....
@@E-Moneyforex you should apologize to octafx for making this video.
You obviously have little or no knowledge about investing and finance (percentage gains and losses over a period or time) you didn't take your time to understand how the app worked before criticizing them.
In case you don't know, they're the leading forex broker in Nigeria and a lot of Nigerians are making money from their copy trading service and that's because they first learnt what you completely ignored before making this video
I'm learning forex at the moment and this guy knows absolutely nothing about forex yet went ahead to criticize octafx like that.
winning or loosing depends on the market condition
Air stop using their copytrade I trade without using their copytrade
I only choose high achiever to copy trade deposit 75$ with only 3 different person now one week already get profit with $16.26 i don't choose legends or expert to way high lost
Is not withdrawable
Did you manage to withdraw?
So, we should Keep off octa
You lost your money does not make them a scam it all trading you win you loose all o can advise is trade on your own stop the copy trading with good risk management
Bro it's scam I tried it they made money in my free trial then later blew my account immediately
tell them
How sure are u that is not scam
Please sir.
I want to connect with you on other platforms
Octafx copytrading is good for who are don't about trading start with small money
Best way is learn to trade yourself
It’s not scam, most copy trader lost all money, it’s very high risk..
Nawa
Lol...
Why use a 3month old Performance as basis. He should have checked all from 2weeks to 6months. And checked How active that master is.
It is even bizarre to think that while I was watching this video, 2 octafx ads popped up. Dissatisfacting how people are paid to promote scam.
Trading is not a scam bro.
@@olamidebamiro4863 I never said it is.
@@christophergodspower7987 Octa fx is a broker. They facilitate trading. More than 90% of retail traders lose money but if you have an edge, it's a great way to have extra income.
Thank you for sharing.
Please gerald help us to cheek for olymptade option trading
None of you have a clue about this or how to use it properly 😂 for starters he pick a trader that had losses 😂 ur ment to pick the trader that has no losses in the past 3 to 400 days 😂🤣🤣🤣🤣 clueless the whole lost of ya
Why don't you learn to trade by yourself?
It better don’t play octafx . It will play around you and loss your money and all your savings . I lost 30k so I will leave it better.
They win some now then loose it days after . The amount
Pls do a review of bybit trading not is a new feature u can copy trade someone trade using the bot
Hello gerald, thanks for this info.
But for this mean copy trading isn't profitable any more?
It was never profitable before
@@Becomingsally Please do recommend
Pls how do I withdraw my fund from there?
You will never be able to do it, they keep it and make excuses so you do not have it back.
the sign up process is so phishing. no documents needed to upload like other brokers. avoid this
Make ur research.
There is a verification in the app
Thanks so much u save my money for me jare
I think losing or winning is very relative. There are OctaFX traders who give you 7 days for free before investing in real. Did you use that option? Also keep in mind that the Indian market is very unstable. So if you are going to invest in OctaFX by copying other traders, your money cannot be there for long.
many other people have won.
he is taling about the copier not the octafx
Please do a video for me about trust wallet
What about OctaFX itself.
OctaFX is a scam. You wil never win anything, not even a cap with the prize lots.
Ask him
My dear truth is that in Forex trading lost/gain it's involved but if you can learn it by yourself then you will know time to enter and exit with patients, octafx is not a scam
Their money is not withdrawable
Thanks sir for this video
In your video about copy trading with bybit, was it profitable??
Yes it was
@@OnlineHustleTV thank you sir..
What about olymp trade?
Scammmmmmmmm
I loose 75$ to them some days ago
That's not trading, that's binary option.
Learn how to trade yourself that's the only way to make money in forex trading
What is the best app to invest 5k
Dollar?
You need to do more leverage and research more.....always use 10% of your funds to trade with minimum leverage......Its the problem with the trader not the platform.....rather mention the traders name than the platform on the title as its misleading
He is using a copy trading, not trading by himself. Dont you see the minimum requirement for copying someone with $25. And the one who control the trade is someone he is copying.
Pls I just deposited money i hope I can withdraw my money back am not trading again
Its safe to trade by yourself not with copy trading that's they whole aspect of this video I have money with them I withdraw whenever I want
Those guys are scammers i lost all my funds too, more than $1000 lost the same days of copying 3 different tops guys on their list.
If u need good broker that are genuine reply me I will recommend 1 for u and I can help u to grow your account with my forex knowledge
From your video you do not have any Idea how trady copying works
I said that much in the video
Your right..This a big scam
Thanks man, I always knew this
There is another scam, their bonus is a scam too. Not the bonus per se but the terms attached to it . How can u ask someone who invested 30$ with 10$ bonus to trade with 1.0 lots sizes?.. this means 4pips movement in the negative direction can wipe the account .. and this can happen in few minutes .
Haaa. You have to trade with 0.01 o
How can you trade $30 with 1lot saying what you don't know..... everything is scam in Africa
Thanks man
Pls help us to do reviews on coinrule robot, it a crypto robot
I trade forex it is impossible to trade 20 to 5000 in one trade bro
It's not impossible.. it's difficult
It's not impossible but rather difficult and may require lots of time period
Well, depends on the trader....
A pro trader wouldn't use the word impossible
Octa fx is the broker I'm using now ... I agree with u they are 100% scam .. I tried the copy trading and lost like mad with a professional who has been making good profit on their platform
Thanks bro
Have your self to be blame you don't know how to choose a good master
Always practical. Thanks bro
Always welcome
Octafx trading the blue one
You're suppose to know already. I got this info long time ago
Thanks man for your sacrifice this is just bad
Thanks so much, I was about to try
Did it work?
After watching your video I did not try again ooo
This is serious, and the octa FX ads flooded internet as if it's all possible
Thank you so much
I have made alot trading on my own
Can you train me, please
With octa fx🤔🤔🤔
Thanks for that
Hi Gerald ,I used them and they wiped my account
@@Becomingsally please recommend a master for me 🙏
Other online job
Great video thanks bro
Glad you enjoyed it
It's a pity
😂😅😢 money is gone 😅
Big scam it is.
I love Gerald videos...
otilo
thanks. this octa fx is just bent on defrauding people by all means
Uljlp
😅😅😅😅😅😅
With my $1000 account I make upto $1500 weekly, with deriv synthetic broker
How you do this? You have a link. You can share??
Up naija
Boss I want you to coach me one on one on how to make money online