Launched in 2014 in the United Kingdom, OceanTrade is an online trading broker that allows traders to buy and sell various financial assets — forex, stocks, commodities, and indices — using an innovative trading platform. The broker makes available a good selection of learning resources and the services of a reliable client support team. Their clients are provided with various favorable trading conditions, such as zero commission, low variable spreads, leverage of up to 1:500, STP execution, and more. The minimum deposit required to start trading is $5,000.
OceanTrade Review Introduction
In this OceanTrade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
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OceanTrade Platforms & Tools
At OceanTrade, all trading activities are carried out using a proprietary trading platform that is developed in-house by the broker’s team of fintech experts. The platform is replete with various useful trading features and functionalities — advanced charting capabilities, an intuitive interface, and powerful risk management features — to ensure an enhanced trading experience. The OceanTrade trading platform is available in web and mobile versions. The web version runs directly on modern web browsers, such as Chrome, Safari, Firefox, and Edge, without downloading or installing additional software. The mobile app is compatible with Android and iOS devices and can be downloaded from the respective app stores. The mobile version is best suited for traders who are looking to place trades and check trading positions while on the go as long as there is an internet connection.
There is an economic calendar on the broker’s website; it shows the schedule of future market events and their expected impacts on the financial markets.
OceanTrade Research & Education
The broker provides traders with various learning resources to improve their trading expertise. These learning materials include eBooks, video tutorials, webinars, and one-on-one coaching sessions. There is also an FAQ section that answers some of the common questions that traders may have.
OceanTrade Trading Accounts
There is a choice of five live trading account options at OceanTrade. The account types and their corresponding minimum deposit requirements are as follows: Basic (€ 5,000), Silver (€10,000), Gold (€25,000), Platinum (€100,000), and Diamond (Custom) Accounts.
OceanTrade Account Funding
All account deposit and withdrawal requests at OceanTrade are processed using any of the following payment methods:
- Bank transfers
- Credit/Debit cards, such as Visa, MasterCard, American Express, Maestro, and more
- Electronic payment processors: Neteller and Skrill.
OceanTrade Customer Service
All trading, general, and account-based inquiries at OceanTrade are sent to a knowledgeable client support team who are available 24/6 and can be reached via any of the following contact channels: telephone, email, and an online contact form.
There is no regulatory information on the broker’s website at the moment. Lack of regulation could discourage prospective clients from opening an account with the broker.
OceanTrade Review Summary
Overall, OceanTrade is an online retail trading broker that offers seamless access to multiple financial instruments across different asset classes. Trades are carried out via an in-house-built trading platform that is available in desktop, web, and mobile versions. There are various learning resources, useful trading tools, and a responsive client support team to assist traders. Their clients enjoy access to various favorable trading conditions. The minimum deposit required to start trading is $5,000. The broker is not regulated by any known financial authority at the moment.
It is worth mentioning that some of the trading products and services in this OceanTrade review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the OceanTrade broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.