OceanTrade is a retail trading broker that provides traders with an advanced trading platform for trading various financial markets, such as forex, stocks, commodities, and indices. OceanTrade offers multiple account options to meet the different needs of traders, whilst providing them with free access to educational resources and an economic calendar. There is a responsive customer support team to assist traders.
OceanTrade Review, Pros & Cons
- Proprietary trading platform
- Educational resources & trading tools
- Multiple financial instruments
- Unregulated broker
- Minimum $5,000 deposit
- Limited account deposit & withdrawal options
- No USA traders
In this detailed OceanTrade review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
OceanTrade is an online financial services provider that claim to be built on the core values of transparency, constant innovation, professionalism, and integrity. They allow traders to buy and sell various financial instruments via a proprietary web-based trading platform. There are multiple trading account options to choose from. The required minimum deposit is 5,000 Euros, whilst leverage of up to 1:300 is available. Traders are provided with learning resources, useful trading tools, and 24/6 customer support.
There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker accepts traders from different parts of the globe provided that their respective countries of residence permit online trading with international brokers.
Some OceanTrade features and products mentioned within this OceanTrade review may not be available to traders from certain countries because of legal restrictions.
OceanTrade provides traders with an advanced and robust trading platform that is developed in-house. It is packed with numerous trading tools, advanced charting capabilities, an intuitive interface, and powerful risk management features. The platform is web-based, which means that it can be accessed through any modern web browser. It is also mobile responsive — it can narrow down the full functionality of the platform to the small screens of your mobile handheld devices.
OceanTrade Trading Tools
The broker’s website contains some useful trading tools, including an Economic Calendar, which shows the schedule of market events and their expected impacts on the financial markets.
The broker’s website has a comprehensive and relevant education centre that is designed to help all levels of traders. The available learning resources 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 offers the following trading instruments: forex, stocks, commodities, and indices.
OceanTrade Accounts & Fees
There are various trading account options on the broker’s website. Each of the accounts requires a unique minimum deposit as follows: Basic (€ 5,000), Silver (€10,000), Gold (€25,000), Platinum (€100,000), and Diamond (Custom) Accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this OceanTrade review. It is imperative to ensure that you check and understand all of the latest information before you open an OceanTrade broker account for online trading.
OceanTrade offers a multilingual support team who are friendly, professional, responsive, and available 24/6 to attend to your needs with the utmost urgency. You can reach the support team via telephone, email, and an online contact form.
OceanTrade Deposit & Withdrawal
OceanTrade allows traders to fund their accounts using a selection of convenient payment methods. The payment methods supported are bank wire transfers, major credit/debit cards, as well as popular eWallets.
OceanTrade Account Opening
To open a trading account, simply click on ‘Open Account’ on the homepage of the broker’s website and fill the registration form. After confirming your email address, you can fund your account and start trading online, only when you feel ready to do so.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Established in 2014, OceanTrade is a multi-asset brokerage firm that allows traders to trade with confidence by providing them with the best resources and tools. There are multiple trading account options to choose from, with a required minimum deposit of 5,000 Euros and leverage of up to 1:300. However, there is no regulatory information on the broker’s website at the moment. This lack of regulation could pose as a red flag for potential clients.
Investing in speculative derivative financial products may not be suitable for all investors. There is a risk that you may lose some or all of your invested capital. We highly recommend reading our full risk disclosure and terms and conditions to ensure you fully understand the risks before opening a trading account and trading. CFDs are complex instruments and with a high risk of losing money rapidly due to leverage. Be sure to understand how CFDs work and whether you can afford to take the high risk of losing your invested capital.