Octa (formerly OctaFX) is not a SEBI-regulated broker, and the brand has attracted attention locally after sponsoring the IPL Cricket Team in Delhi in 2021, and appearing on the RBI alert list alongside other popular brokers – many of which are regulated in countries outside of India. The RBI's latest alert list was updated to include numerous international brokers, some of which are highly regulated, and some that may lack regulatory licenses of any kind. The Reserve Bank of India (RBI) periodically puts out warnings to the public about foreign brokers that are not regulated in India by the SEBI. According to the RBI, the list identifies entities that are not authorized to to operate electronic trading platforms under the Electronic Trading Platforms (Reserve Bank) Directions, 2018, or to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA). Octa is considered an Average-Risk broker with a Trust Score of 70 (out of 99). Octa is regulated by just one Tier-1 jursidiction: the Cyprus Securities & Exchange Commission (CySEC) in Cyprus. Visit our Trust Score page to learn more about the regulators we track, and how we calculate a broker’s Trust Score.