Ocean Markets

Note: Ocean Markets official site - https://oceanmarkets.org/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is Ocean Markets？

Ocean Markets is a financial services company that specializes in providing online trading services to clients across the globe. The company provides traders with cutting-edge trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The company offer many trading accounts for different traders. However, it has no regulation.

Pros & Cons

Ocean Markets Alternative Brokers

There are many alternative brokers to Ocean Markets depending on the specific needs and preferences of the trader. Some popular options include:

• IG - A comprehensive trading platform with a range of trading tools and educational resources for all levels of traders.

• ForexChief – A reputable forex broker known for its transparent trading conditions, diverse account types, and competitive trading platforms.

• Darwinex - An innovative online brokerage that offers a unique investment platform where traders can turn their trading strategies into investable assets.

Is Ocean Markets Safe or Scam？

Ocean Markets currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. Besides, the official website of Ocean Markets is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

If you are considering investing with Ocean Markets, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Accounts

Ocean Markets offers a range of six live account types to cater to the varying needs of their clients. Here is a description of each account:

• VIP Account:

- Minimum deposit requirement: $500,000

- This is the highest-tier account offered by Ocean Markets.

- Clients with a VIP account receive exclusive benefits, personalized services, and priority support.

- They have access to advanced trading tools, research materials, and educational resources.

- VIP account holders may also receive additional perks such as lower fees, higher leverage, and tailored trading strategies.

• Platinum Account:

- Minimum deposit requirement: $100,001

- Platinum account holders enjoy a high level of service and benefits.

- They have access to a wide range of trading instruments across different markets.

- Clients with a Platinum account receive priority customer support and access to research materials.

• Gold Account:

- Minimum deposit requirement: $60,001

- Gold account holders get access to a comprehensive set of trading features and tools.

- They can trade various financial instruments including forex, commodities, stocks, and more.

- Gold account holders receive support from the Ocean Markets team and have access to educational resources.

• Silver Account:

- Minimum deposit requirement: $15,001

- The Silver account is designed for traders who want a balanced set of features and services.

- Account holders can trade multiple asset classes and benefit from market analysis reports.

- They receive responsive customer support and access to the Ocean Markets trading platform.

• Bronze Account:

- Minimum deposit requirement: $4,001

- The Bronze account is suitable for traders who are getting started in the financial markets.

- Clients receive basic trading tools and educational resources to enhance their trading knowledge.

- Bronze account holders have access to a limited range of financial instruments.

• Starter Account:

- Minimum deposit requirement: $500

- The Starter account is designed for new traders or those with a limited budget.

- Account holders receive the necessary tools and resources to begin their trading journey.

- Starter account users can access a select number of markets and benefit from customer support.

Spreads

Ocean Markets offers EUR/USD spread floating around 2 pips for their accounts. This means that the difference between the buying price and selling price of the benchmark EUR/USD pair on their platform floats around 2 pips. However, the industry average EUR/USD spread is only 1.5 pips.

Leverage

Ocean Markets provides leverage of 1:200. This means that for every unit of investment, traders can control positions that are 200 times larger. Leverage allows traders to amplify their potential profits, as well as their potential losses, by utilizing borrowed capital. In the case of Ocean Markets, a leverage ratio of 1:200 indicates that traders have the ability to open positions that are up to 200 times the size of their initial investment, giving them the potential to access larger market exposure and potentially increase their trading opportunities. However, it is important to note that trading with leverage carries an increased level of risk and should be used with caution.

Trading Platforms

Ocean Markets provides their clients with access to two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are widely recognized and respected in the financial industry, offering advanced features and extensive functionality for traders of all levels.

MT4, the industry-standard platform, is known for its user-friendly interface and powerful tools. It offers a wide range of trading features, including real-time price quotes, customizable charts, technical analysis indicators, and various order types. Traders can access the platform on their desktop, web browser, or mobile devices, ensuring flexibility and convenience. Additionally, MT4 supports automated trading through Expert Advisors (EAs), allowing users to implement trading strategies and conduct backtesting.

MT5, the successor to MT4, builds upon its predecessor's strengths while introducing several new features. With MT5, traders have access to an expanded selection of trading instruments, including stocks, futures, and options in addition to forex and commodities. The platform offers advanced order management, market depth, and additional execution modes. Furthermore, MT5 supports the MQL5 programming language, enabling traders to create custom indicators, scripts, and expert advisors.

Overall, Ocean Markets's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Deposits & Withdrawals

Ocean Markets offers several funding options for its clients, including bank wire transfers, credit/debit cards (Visa and MasterCard), Skrill, Neteller, and МИР. Among these options, Visa or MasterCard cards are considered the best funding option for several reasons.

Firstly, Visa and MasterCard cards provide a convenient and widely accepted method of payment, making it easy for clients to deposit funds into their trading accounts.

Secondly, one notable advantage of using Visa or MasterCard cards is the ability to request a chargeback within 540 days from the deposit date. This means that if there are any issues with the transaction or if the client faces unauthorized or fraudulent charges, they have the option to dispute the transaction and potentially recover their funds. This chargeback protection offers an additional layer of security and peace of mind for clients.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +44 7441429280

+7 9651435967

Email: support@oceanmarkets.org

Note: These pros and cons are subjective and may vary depending on the individual's experience with Ocean Markets's customer service.

Conclusion

In conclusion, Ocean Markets is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, Ocean Markets's trading platform, MT4 and MT5, caters to the needs of both beginner and advanced traders.

However, Ocean Markets has many problems. First, it doesn‘t have regulation. Second, it is because the official website of Ocean Markets is inaccessible that the relevant information doesn’t be provided, which makes trade not transparent enough. Therefore, traders should verify the regulatory status of Ocean Markets or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.

Frequently Asked Questions (FAQs)