Is Ocean Markets legit?

By Marvin Ona, from Philippines, October 29, 2021 at 06:27 PM

I want to know if this broker is legit. They contacted me to invest in their company.

Answer: Hi Marvin Ona,

Oceanmarkets does not seem to be a legit broker. There is no information about broker’s license or regulatory details. According to the website, it is owned and operated by Valep Ltd, located in Philippines. However, the contact number is British and the terms and conditions talk about European regulations, without any proofs of such statements.

We never advise trading with a non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

We would recommend to choose from the list of the Regulated broker to be sure your investments and trading are safe.

9 responses to “Is Ocean Markets legit?”

  1. Thank you very much! Is there a way to stop this forex broker? Where can I report this broker? There are many people here in the Philippines who are not well informed enough about this. They may be scammed. I hope I could hear from you.

  2. I have been trading with Oceanmarkets for about 3 months. My favorite thing is customer support. They react almost immediately and suggest a solution. I haven’t withdrawn any money yet, but the balance is steadily going up))

  3. I begun trading with OceanMarkets for about 4 months. At first, they have the customer support but they will never explain to you how hardly you can withdraw your money. I just withdrew only 200 USD out of 2500 USD deposits until my account was traded out because of ill advised from the financial adviser. I hope this will be a lessons that other traders should know.

  4. You are right. At first they regularly call you when you are about to deposit your money. As of this writing i havent withdrawn my my money yet. Mentor advice has made me lose the profit i earned for a month now. Would like to withdraw my deposit but nobody is calling me anymore.

  5. Same with me, the advisers are kept calling me for my deposit and registration. Now that I read all your comments here, I will take this as proof not to join.

  6. oh my God, na scam din yata ako bkit ngayon ko lng to nabasa, kaya pala indi na cla macontact sa email, nakuha na nila ang investment ko.

  7. Listen, everything is fine with Oceanmarkets. Why is someone here writing about a bad withdrawal of funds?
    You submit an application through the manager and get paid within a week. I think fake reviews are the work of rivals.

    PS. I investing in Oceanmarkets about 4 months.

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