- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
Octa review 2026: is Octa legit in Kenya and South Africa?
Octa serves South Africa through an intermediary, Orinoco Capital (Pty) Ltd (FSP 51913). Deposits start around $25, and it offers MT4, MT5 and its own OctaTrader. The instrument range is small: about 35 currency pairs.
- Founded2011
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAFSP 51913
- Minimum depositAbout $25 (card)
- M-PesaNot confirmed
Is Octa regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Orinoco Capital (Pty) Ltd
- Licence number
- FSP 51913
Source: metatrader5.com, not yet checked on the register
Other Octa group companies are supervised by CySEC (Cyprus), MISA (Comoros), FSC (Mauritius). Those licences only protect you if your account is with that company.
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About Octa
Octa is regulated by CySEC in the EU and offshore in Comoros (MISA) and Mauritius. In South Africa it works through Orinoco Capital (Pty) Ltd, an FSCA-authorised intermediary.
Who Octa suits, and who should look elsewhere
Good fit if you
- want a low minimum and swap-free accounts
- want copy trading
Look elsewhere if you
- want lots of markets to choose from
- are in Kenya
Octa account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| MT4 / MT5 / OctaTrader | About $25 (card) | EUR/USD average 0.9 pips on non-EU accounts |
Octa fees: spreads, commission and other charges
| Commission | None listed |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
Octa deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- Octa is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- No Kenyan payment method confirmed. Expect cards, bank wire or e-wallets such as Skrill and Neteller.
🇿🇦 South Africa
- Orinoco Capital (Pty) Ltd, FSP 51913, intermediary.
- Not on the FSCA ODP list.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
Octa trading platforms
- MetaTrader 4
- MetaTrader 5
- OctaTrader
- Octa copy trading app
Is your money safe with Octa?
- CySEC for EU clients; offshore entities for others.
Octa pros and cons
Pros
- Low minimum
- Swap-free accounts
- Copy trading
Cons
- Small instrument range
- Intermediary only in South Africa
- cTrader discontinued
Our real-money test of Octa
Coming
We will open a Octa account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
Octa withdrawal time: reports from traders
How long do Octa withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at Octa? Get a ready complaint letter and the right regulator contact with our complaint desk →
Octa: questions people ask
Is Octa regulated in Kenya?
No. Octa is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is Octa regulated by the FSCA in South Africa?
Yes. In South Africa, Octa operates through Orinoco Capital (Pty) Ltd, which holds FSCA licence FSP 51913. Check that this company is named on your client agreement, not an offshore company of the same brand.
Is Octa regulated in South Africa?
Octa works through Orinoco Capital (Pty) Ltd, an FSCA-authorised intermediary (FSP 51913).
Sources for this review (checked 25 Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.