Octa is discontinuing the use of its existing brand and will launch a new international trading brand on February 9. The move will end the current brand‑sharing model under which multiple independent legal entities have operated using the Octa name.

New brand and migration plan

According to a communication shared exclusively with Finance Magnates, Octa has been working “for months” on a new international brand and has now decided to fully shift its focus to the launch and rollout of that identity.

Octa stressed that the rebrand is a “strategic decision” aimed at building “a resilient platform for every trader” and at delivering “a secure, reliable and sustainable trading experience.”

While the brand identity and the visual design of its app and website will change, the broker said its underlying trading infrastructure will remain in place.

The group will reportedly continue to operate under its existing licences in Mauritius and Comoros, and all clients currently on‑boarded under these licences will be automatically migrated to the new broker entity once the brand is live.

India enforcement backdrop

The strategic shift comes against the backdrop of escalating enforcement action against Octa‑related operations in India.

Indian authorities have issued an Interpol Silver Notice and are working with the FBI and Europol to trace the foreign assets of Pavel Prozorov, who is alleged in local reporting to be “the mastermind behind the OctaFX platform.”

Expect ongoing updates as this story evolves.

This article was written by Jared Kirui at www.financemagnates.com.Retail FXRead More

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