✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you if we consider that the company Ocean Trades is a safe company or an unreliable company. Read our full analysis to find out everything!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about Ocean Trades and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websiteocean-trade.org
🏠 CompanyUnmentioned
RegulatoryNot regulated
📧 Email[email protected]
📈 PlataformOcean Trades
📌 AddressSteve Brooks, 25d Churchill Street, Christchurch Central, Christchurch, 8013, New Zealand (fake)
🕑 Website ageWebsite registered on: March 13, 2023
Company typeCurrency and cryptocurrency broker

Company: Ocean Trades does not mention which company it belongs to.

Location: The company mentions being located in New Zealand, but we believe this is false.

We can already tell you that we are concerned about several characteristics of this company.

What is Ocean Trades?

After having carried out an analysis of the company's website, we can say that Ocean Trades is a Forex broker and cryptocurrencies.

Account types

The platform offers 4 different accounts to operate:

Information on the web

Ocean Trades Website

Here we show you a screenshot of the Ocean Trades website, which is ocean-trade.org. The capture was made in JANUARY 2024.

Contact: phone numbers and email

After having performed an analysis of the website:

– We have found the following email: [email protected]

Ocean Trades Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!

🚫 Ocean Trades final valuation 🚫

The Ocean Trades review highlights several red flags that suggest deceptive and fraudulent practices. Lack of registration, use of fake licenses and a fictitious address in New Zealand are clear evidence of a lack of transparency and credibility.

The absence of regulation is a serious warning, as it implies a lack of essential protections for investors. The general lack of information, including the omission of official registration data, contributes to the opacity surrounding Ocean Trades.

Suspicion of an apparent pyramid scheme adds an additional level of severity to the situation, indicating unethical financial practices and significant risks to investors.

The complaint by financial regulator CySEC further underlines the lack of legitimacy of this broker, confirming that it does not have the necessary license to operate.

The recommendation is clear: avoid Ocean Trades completely. The presence of fake licenses, lack of regulation, possible involvement in a pyramid scheme, and reporting by the financial regulator are clear signs that this broker could be a scam. Protecting your capital and financial well-being is essential, and trusting a broker with these warning signs could result in significant losses. Look for safer and more reliable options in the market to protect your investments.

Updates

News about Ocean Trades:

Date Update – news
December 2023Complaint against Ocean Trades financial regulator CySEC

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”9189 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Ocean Trades.

At the end of the review you will find customer comments.


How to Claim Money Scammed by Ocean Trades

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Ocean Trades

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to Ocean Trades?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report Ocean Trades?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Ocean Trades trustworthy?

No. Ocean Trades is not trustworthy, it is a very unsafe company: 1) we do not know its true location 2) It is not regulated by any responsible authority 3) The website is relatively new, which shows a lack of experience 4) has warnings from financial regulators

How to recover money from Ocean Trades?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «Ocean Trades: OPINION AND COMMENTS – IS IT A SCAM?»

  1. Justin Reply

    This company is a hoax. My husband was scammed, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hi Justin, thanks for writing about Ocean Trades. Currently this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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