OceanFX Review 3
OceanFX is not recommended. Platform stability: Often occurs connection problems, resulting in the failure of normal transactions. Regulatory status: OceanFX claims to be regulated by the UK's Financial Conduct Authority (FCA), but no registration information for OceanFX can be found on the FCA website. In addition, the dealer's registration with other financial regulators could not be found.
Trading products: It provides a variety of trading products such as forex currency pairs, commodities, stocks, etc., but compared with other traders, its trading products are not rich enough. Transaction fees: Relatively high, especially when trading commodities and stocks. Terms of trade: Relatively strict, such as a high minimum deposit ($1000) and transaction fees.
Financial security and privacy protection: OceanFX claims a high level of security. In addition, the dealer did not disclose enough privacy protection information, there is a risk of information leakage. To sum up, there are some problems in OceanFX, including platform stability, regulatory situation, trading conditions and capital security. The dealer is advised to be considered with caution.