Full OceanFX Review (4.5 out of 5) A Step-by-Step Evaluation of the Broker

OceanFX Review

Founded many years ago, the brand has a long history of earned success in the domain of financial markets, an industry that is hard to navigate and excel in.

With a large variety of complex investment products designed to cater to beginners, professionals, and institutionalized clients, OceanFX has many loyal customers using its services to diversify their portfolios and actively trade derivatives, commodities, and currencies.

The versatility of financial products developed by OceanFX is what makes it popular among thousands of international traders and conservative investors. Whether you want to engage in scalping and spread trading or seek safe opportunities to build passive income, the arsenal of tools at OceanFX will have something suitable to offer.

OceanFX safety and security

Many contemporary internet users value safety above all else. It is highly important to protect your personal information from unauthorized access and prevent any hackers from stealing your money. This broker has a strongly backed architecture capable of withstanding large-scale cyber-attacks. All communications between the web platform, mobile app, and end users are encrypted using the latest standards in the industry.

The privacy policy of the company claims that any information received from users is never shared with third parties. It is a very important part of the user agreement since you have to verify your identity and exchange sensitive data with the broker.

OceanFX user reviews

Testimonials play a huge role in how we evaluate certain companies. Brokers are often scrutinized heavily and receive both negative and positive reviews from users regardless of their performance. The proportion is what usually matters the most. OceanFX has many positive reviews focusing on quick banking, robust technology, and great customer support.

OceanFX customer service

If you need assistance with any issue related to the platform, reach out to the customer support team using a wide range of communication channels including social media platforms, live chat, e-mail, and even phone calls. The support usually responds within a couple of minutes when using the live chat feature. It may take some time to receive a response during busy times.

OceanFX banking

Convenient methods of depositing funds include debit/credit cards in VISA or MasterCard systems. You may use Skrill, Payoneer, and other platforms depending on where you live. For example, Skrill may not be available to residents of nations outside of the EU. Bank transfers are used for both adding funds to the balance and withdrawing money.

Some key banking nuances to consider.

You cannot withdraw funds without verifying your identity. It is required by regulatory bodies in most countries to prevent money laundering. The verification process takes a couple of business days. The first withdrawal may take up to 7 business days.

When using cards and payment systems to top up your balance, check the fees that these systems apply to your transactions. In some cases, it can be quite expensive to move money using such conventional methods.

Any issues with withdrawals and deposits can be quickly resolved via customer support service. OceanFX’s employees will quickly react to any inquiry related to financial transactions.

OceanFX ups and downs

The broker has several pros that we must mention.

A well-equipped trading terminal allows users to quickly perform analysis, place orders, and change the settings of orders.

The mobile app has a lot of useful features and allows users to manage their investments even when commuting.

In-depth educational materials containing valuable insights and commentaries from experts.

The only downside that we found is the somewhat slow reaction time of the customer support team on weekends, during nighttime, and on holidays.

Conclusive thoughts

OceanFX is a solid broker offering a diverse set of various financial instruments that you can work with and providing access to complex investment strategies to a wide audience of international investors. It is a reliable platform with many good user reviews and responsive customer support.