Review summary
OceanTrade is a financial services provider registered in the United Kingdom and operating for 5-10 years. The broker offers tiered account types, ranging from a Basic account with leverage up to 1:5 and a €5,000 entry condition to a Diamond account providing leverage up to 1:300 for eligible customers. All accounts support MetaTrader platforms, scalping, Expert Advisors (EAs), and position locking. Crucially, OceanTrade holds no valid forex trading licenses from any major financial authority. Its business scope is noted as suspicious, and according to WikiFX data, it has a low overall assessment score of 1.53, indicating a significant lack of regulatory oversight. This entity operates without the financial supervision that safeguards client funds, requiring a high degree of caution from prospective traders. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-07)
