Name of local bank account owner at OctaFX

OctaFX Broker
12 Aug 2015, 16:25 3,332 Views
I see in OctaFX via local bank, Bank Mandiri why is the owner's name usually the company's name. I'm suspicious that the funds will be taken away..
Does Seputarforex really choose a safe broker..

1 Answer

A
Aisha 14 Aug 2015, 15:30

Foreign brokerage companies are prohibited from opening branches in Indonesia, so it is reasonable why OctaFX does not list the company name as its local bank account name. Regarding runaways or not, of course, we cannot provide a commitment because we are here only to provide information about brokers who have met certain criteria.

Now, regarding these criteria, OctaFX has met them. Among them: their company is concrete. OctaFX used to sponsor Persib Bandung until their logo appeared on the Persib players' jerseys. Now they no longer sponsor Persib, but instead sponsor Southampton FC, one of the English football clubs. Many Indonesian traders have also been trading with OctaFX for a long time or simply participated in the trading contests they hold, and they can withdraw smoothly.

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