Ocean View FX is a forex broker whose official website domain was registered on March 7, 2024. It primarily offers investors financial derivatives trading services including forex, stocks, indices, energy, metals, and ETF contracts for difference. This broker does not provide services in jurisdictions that may violate local laws or regulations.
Company Registration and Regulatory Status:
Public information on Ocean View FX's official website indicates that the broker has multiple corporate entities under its umbrella and is regulated by several regulatory bodies. Ocean View FX Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 1780019. Ocean View FX (registration number HRB11677B) is designated as an agent in Germany by the Federal Financial Supervisory Authority (BaFin) under BTC Mint Asic Booster Trade Ltd. Furthermore, it was authorized by the Financial Services Commission (FSC) of Mauritius as an investment dealer on October 2, 2017, and is regulated by them with license number C17554381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with license number SD0175.
According to verification of its official website public information, the Cyprus Securities and Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin), the Financial Services Commission (FSC) of Mauritius, and the Seychelles Financial Services Authority (FSA) did not have any regulatory registration information for this broker.
Opening an Account:
To open an account with Ocean View FX: navigate to the broker's official website, click "SIGN UP FOR FREE" on the homepage or "SIGN UP" at the top right corner of the page to access the registration page. Fill in personal information such as name, email address, and set up a login password, then submit. Once the application is submitted, the account is successfully registered.
Account Types:
Ocean View FX offers users a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, its official website does not disclose information related to spreads, trading leverage, margin call/stop out levels, contract sizes, trading commissions, minimum/maximum trading volume, maximum positions/orders, and minimum price precision.
Trading Platform:
Ocean View FX offers a proprietary trading platform to its users.
Deposits and Withdrawals:
Ocean View FX does not clearly disclose the supported deposit and withdrawal methods, fees, and minimum deposit and withdrawal amounts on its official website.
Conclusion:
Traderknows reminds investors that Ocean View FX is a scam platform providing false regulatory information, with its website design and content identical to those of brokers such as Irex Global Chain, Profit Miner24, Universal FX Trade, TradeWell Exchange, SwiftPay FX, and MobileCrypto FX. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities to avoid unnecessary losses to their assets.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
