ED had conducted searches at various premises of OctaFX India Private Ltd and related concerns under the provisions of FEMA in the case of Illegal Online Forex Trading through International Brokers namely OctaFx Trading App and website www.octafx.com.
The Enforcement Directorate (ED) on Thursday said it has frozen the bank balance to the tune of Rs 21.14 crore of OctaFx and related entities in the case of illegal online forex trading through international brokers namely OctaFx Trading App and website octafx.com under FEMA.
The Directorate of Enforcement (ED) on Thursday said it has frozen the account balance to the tune of Rs 21.14 crore of OctaFX India Private Ltd and related ent
This forex trading platform is widely promoted on social networking sites and is also following referral-based incentive models for acquiring users to their platforms.