CySEC fined IC Markets (EU) Ltd €200,000 for facilitating leverage up to 1:1000 through a third-country entity, directly circumventing the EU retail leverage cap of 1:30 for major currency pairs. The enforcement action confirmed that the broker was actively routing EU clients to offshore arms to bypass MiFID II restrictions—a verified instance of deliberate regulatory circumvention.

The UK Financial Conduct Authority issued a formal warning against entities operating as Octafx-Tradingmax and FX-Octa Investment for providing financial services without FCA authorization. The warning appeared on the FCA's Unauthorised Firms & Individuals register, flagging the entities as operating illegally in the UK. This action reinforced concerns about OctaFX's entity structure and the gap between its licensed and unlicensed operations.

The Monetary Authority of Singapore (MAS) added both XM and Octa to its Investor Alert List, blocking both brokers from soliciting Singapore residents without a valid Capital Markets Services license. The simultaneous action against two major offshore brokers highlighted the MAS's increasingly proactive stance against brokers leveraging offshore structures to access regulated markets without authorization.

CySEC took the significant step of suspending the voting rights of Pavel Prozorov, the controlling shareholder of Octa Markets Cyprus Ltd. This type of action—targeting individual ownership rights rather than the entity itself—signals serious regulatory concern about governance, ownership transparency, or compliance at the shareholder level, and represents an escalation beyond standard monetary penalties.

The Securities and Exchange Commission of the Philippines issued a formal advisory against Exness Global Limited for soliciting investments from Philippine residents without the required authorization under Philippine securities law. This action illustrates how Exness's offshore entities—specifically those serving Asian markets—operate in jurisdictions where they hold no regulatory license, relying on the brand credibility of its Tier-1 CySEC and FCA licenses.

Entities previously operating under the Octa brand launched "Elev8" as a standalone platform, redirecting traffic from octafx.com to the new brand. While CySEC-regulated operations continued under the Octa name, the rebranding created additional entity confusion for retail clients attempting to identify which regulatory framework applies to their accounts. The move was observed amid cumulative enforcement actions in multiple jurisdictions.