OceanTrade: Company Overview in 2022
The company OceanTrade claims to hold leading positions in the world among brokers and offers some of the best trading conditions in the industry. However, traders’ opinions are currently mixed. In their reviews, the company is accused of fraud and advised to avoid interacting with it. Let’s delve into it.
Main Facts about OceanTrade
According to the information provided on the OceanTrade website, the company provides access to financial markets, a high level of security, and the best trading conditions. However, reality does not quite match their claims. The domain was registered only in June 2022, and reviews started appearing only recently. This indicates that the company has been operating for less than a month.
Externally, the company’s website looks cluttered and lacks distinctive features, as well as does not provide detailed information. Details about the management, registration numbers, and documents authorizing brokerage activities remain unavailable.
According to the contact information, OceanTrade is located in the Seychelles. However, it is not reflected in the database of offshore organizations.
There are 21 companies at the specified address, but OceanTrade is not among them. Support can only be contacted through an online form or email, as the phone number on the website is absent.
Documentation Availability at OceanTrade
Company representatives do not even mention the presence of a license. Considering that, according to reviews, the company operates in Russia, it must have the appropriate regulatory document issued by the Central Bank. However, OceanTrade does not have such a license. This indicates a violation of legislation and engagement in illegal activities.
Central Bank representatives warn: cooperation with a brokerage organization without a license registered in the registry is dangerous. In case of conflicts and other issues with the company, proving the transfer of funds to its accounts is practically impossible.
OceanTrade Trading Offers
When choosing a broker, every trader pays attention to the trading conditions. According to their claims, OceanTrade offers a wide range of services, including trading in stocks, metals, currencies, indices, cryptocurrencies, using an economic calendar and calculator, as well as providing educational content and a mobile trading application.
Traders’ Reviews on OceanTrade
After reviewing the feedback on the company OceanTrade, it becomes evident that many consider it a scam. Complaints about the company are related to creating an illusion of profitable trading but not delivering profits in reality.
Methods Used by Scammers
Representatives of OceanTrade actively try to gain traders’ trust by offering unlimited earning opportunities, fast fund withdrawals, and providing fake reports and statistics. Personal managers assigned to each client maintain constant communication through messengers to control the client’s actions and manipulate them.
Managers constantly push traders to increase their deposit and participate in bonus programs. However, withdrawing funds proves to be difficult, and clients face refusals and various justifications from the company.
Conclusions
After analyzing OceanTrade’s activities, it can be concluded that collaborating with this company is risky. The company does not keep its promises, and its main goal is to deceive traders.
