OctaFX Is Donating 25,000 USD to COVID-19 Relief

Image
Press Trust of India KINGSTOWN
Last Updated : Apr 17 2020 | 9:24 AM IST

/ -- OctaFX is a Forex broker implementing online trading services globally since 2011. It offers a state-of-the-art trading experience to over one million users. OctaFX has won more than 20 awards since its foundation, including the Best Forex Broker Asia 2019 award. The company is well-known for its social and charity activity. They announced an initiative to help combat the virus, which has affected many, with a 25,000 USD donation.

The beneficiaries of the 25,000 USD contribution are Aksi Cepat Tanggap, Indonesia, a humanitarian organisation; Malaysian Red Crescent Society, Malaysia; Vallalar Educational Trust, India; and Award Pakistan, Pakistan. These charities specifically serve impoverished families, medical workers, and those most impacted by the fallout from COVID-19. The donation will go towards purchasing of medical masks, hand sanitizers, and food.

They reported that this is not their only initiative. Just recently they declared that they would be dramatically reducing their spreads up to 14 points. They have also asked locals to enquire about humanitarian organisations that could also benefit from an OctaFX monetary contribution. They'll be holding a benefit lasting a month later beginning on the 23rd of April which will raise money to help those in need.

OctaFX always seeks new ways in which to provide support to local communities. They've challenged other brokers to match their relief efforts by cutting spreads and donating. OctaFX has a detailed history providing public assistance, and this is another example of how they value society.

Follow OctaFX on Instagram

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 17 2020 | 9:24 AM IST

Next Story