Ocean Markets Journal

Journal status: live
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Ocean Markets Profile
Website
Year
2008
Country
Marshall Islands
Branches
2
Regulation
not regulated
Registration
no
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Bosnia and Herzegovina, Haiti, Iran, North Korea, Suriname, Syria, Uganda, Vanuatu, Yemen
Broker type
MM
Dealing book
A+B hybrid book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...

Ocean Markets Accounts
MM
Minimum Deposit
500 $
Leverage
200 : 1
Minimum Lot
0.01 lots
EURUSD spread
1.6 pips
Commission
0 $/lotRT
Volume
...
Margin Call
100 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Neteller, MNP, Skrill
Base currency
USD
Segregated accounts
no
Interest on margin
no
Inactivity fee
after 3 months
Update broker

Is Ocean Markets safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: no
  • Publicly traded: no
  • Segregated account: no
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is Ocean Markets trusted?

  • Information transparency: sufficient ★★★
  • Customer service: virtually non-existent
  • Ocean Markets website: semi-detailed, updated ★★★
  • Ocean Markets popularity (by visitor count): least visited

How Ocean Markets works



Fixed Spreads are being offered by the Company through the web platform. Changes will happen on the Fixed Spreads depending on the time and the market conditions.

Through the MetaTrader 4 trading platform, the Company offers a floating spread. The presence of floating spread on the Forex and CFDs markets means that the value between the Ask and Bid Spreads are constant and is therefore highly dependent on market volatility and liquidity.

The Client acknowledges the minimal timeframe for transaction executions:

On a web platform, a duration of 3 minutes is given. The Company has the right to cancel transactions when it deems necessary, specifically when the time between the opening a transaction and closing is less than 3 minutes.

Through the MT4 platform - (a client receives a bonus) and the volume of the trade is effectively reached which is at a 3-minute mark. At this event, the Company would exercise the right to cancel transactions wherein the timeframe between the opening and closing of a transaction falls below the aforementioned time.

Through the MT4 Platform - (no bonus for the client) there would be no given minimal timeframe for the manual execution of all trades and transactions.

The maximum period for keeping a position opened on a web-platform is at 21 days. The Company may take liberties on closing the Clients' transactions with open positions that exceed the recommended time frame. Should the order that is opened within a given contract bear an expiration date, the order will be effectively closed after the 21st day or on the expiration day itself (whichever comes first).



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