OctaFX joined forces with a local partner to provide aid to flood victims in Kelantan, Malaysia.

The state of Kelantan, Malaysia suffered a catastrophic flood. OctaFX joined forces with a local partner, Azeehan, to provide emergency aid, including rice, canned food, bottled drinks, biscuits, and other essential items, to flood victims in Kelantan, Malaysia.

About OctaFX

Established in 2011, OctaFX is a global broker providing online trading services worldwide. It was regulated under Octa Markets limited in St. Vincent and the Grenadines (SVG) and Octa Markets Cyprus Limited in Cyprus. According to the OctaFX website, Octa Markets Cyprus Ltd uses up-to-date technology and provides reliable trading platforms. Octa Markets Cyprus Ltd provides Forex trading services and Contracts for Difference (CFDs) on assets including forex, indices, metals, and energies. It adheres to the most strict security standards providing segregated accounts and negative balance protection.

Regulation

This broker is a regulated broker. Octa Markets Cyprus Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 372/18.

OctaFX on WikiFX

Although WikiFX received a couple of complaints from traders against this broker, WikiFX has given this broker a decent score of 5.89/10.

OctaFX in Malaysia

As a worldwide broker, OctaFX also has a significant presence in Malaysia. And it has a large number of investors in Malaysia. OctaFX was also considered one of the best copy-trading brokers in Malaysia.

This company in Malaysia is involved in a comprehensive network of charity and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities and small to medium enterprises.

Provide Aid For Flood Victims

In late December 2022, The state of Kelantan, Malaysia suffered a catastrophic flood. More than 17,000 people reportedly had to be evacuated. The flood also caused massive damage to the local manufacturers and the economy. Many refugees lost their properties and a few people died during this disaster.

In addition, OctaFX makes a new partnership with the local partner Azeehan to provide emergency aid to the victims who suffered from the flood. “I would like to thank OctaFX for providing emergency aid to the victims of the flooding in Kelantan. This really meant a lot to all those affected.” Azeehan stated.

Conclusion

Forex brokers do not only exist in the world of forex, but it also has a social responsibility. For brokers such as OctaFX, who have worldwide influence, being able to help flood victims is a reflection of their capacity level and social responsibility. It's also hugely positive for its brand promotion.