Ocean Global Markets Review

WHAT IS OCEAN GLOBAL MARKETS?

According to research in South Africa, Ocean Global Markets Ltd, also known as OGFX, is a brokerage firm based in Sydney, Australia. The company offers its online trading services to thousands of traders in several countries.

The company was founded in 2009 with a primary focus on providing forex financial service for institutional customers. The company gradually expanded and by 2017 it opened its services to retail customers.

Through the years the company has always been committed to offering the best possible prices and transparent trading services.

Ocean Global Markets Ltd offers a no dealing desk STP model. This is used by the company to send its customers’ orders directly to the international market, resulting in the best possible prices. The company ensures excellent market services and support during trading.

The company is committed to offer its traders the following:

• Low cost
• No extra spread
• Low commission only
• Strong execution
• No Dealing Desk
• Low trading delay
• Best server

SAFE OR SCAM?

Ocean Global Markets Ltd (AFSL 332 890) is authorized and regulated by Australian Security and Investment Commission (ASIC) under Australian law.

As the company is regulated with ASIC, it is compliant with strict operational guidelines, which is supervised by ASIC. These guidelines include a safe trading environment for the company’s customers.

The security of customer funds is one of the company’s top priorities. Customer funds are kept securely in segregated accounts with reliable tier-1 banking institutions such as Barclays, JP Morgan Chase, Duetsche Bank and Bank of America.

Data security is another priority and customers can be assured that their data is secure. Overall, the company is a safe trading option for traders as it is authorised and regulated, adheres to guidelines and ensures the safety of customer information and funds.

OCEAN GLOBAL MARKETS REVIEW OF PRO AND CONS

LEVERAGE

As Ocean Global Markets Ltd is an Australian broker regulated with ASIC, and therefore is able to provide high leverage ratios. The company offers leverage ratios of up to 1:400, which provides opportunities for potential high profits.

Be aware that high leverage levels also carry high risks as it can easily be misused.

ACCOUNTS

Ocean Global Markets Ltd offers 2 types of accounts for its traders. These accounts each have its own characteristics that will suit the needs of traders with different trading styles and experience levels.

Standard Account

The Standard account is ideal for beginners or those who don’t wish to spend too much. This account’s features and benefits include:

• Initial minimum deposit: AUD $1 000
• No Extra Spread
• Multi-currencies account denomination
• Trading signals
• 24-hour signals
• Free Mobile trading platform

Advanced Account

The Advanced account is a good option for serious and high-volume traders. The features and benefits of this account includes

• Initial minimum deposit: AUD $50 000
• No Extra Spread
• Lower cost
• Multi-currencies account denomination
• Trading signals
• 24-hour signals
• Free Mobile trading platform
• Trading report
• Weekly/ Monthly market outlook

Demo Account

A Demo account is ideal for those who would like to practice trading and experiment with different trading conditions in a simulated, risk-free environment. Demo accounts are cost-free and expire in 30 days. Benefits of a Demo account include:

• Best market price execution
• Extremely Competitive Spreads
• 100% transparent dealing model
• 24-7 trading support
• 50 currency pairs
• Multi-option for leverage, up to 1:400 available upon approval
• MT4 Platform
• App download and Web Trading available

Introducing Broker

Customers of Ocean Global Markets Ltd can become an Introducing Broker and receive several benefits for introducing new customers to the company.

As an Introducing Broker, customers will receive a range of benefits, including:

• Offer customers the popular MetaTrader 4 platform – the world’s No.1
• A generous and ongoing rebate structure
• Transparent tracking of rebates online
• Withdrawal of commission anytime
• A dedicated account manager

MARKET INSTRUMENTS

Ocean Global Markets Ltd offers a range of instruments on some of the largest and most liquid markets in the world. These are offered to beginner and seasoned traders alike.

The larger the customer’s trading portfolio, the fewer are the risks and bigger are the chances of maximised profits.

Ocean Global Markets Ltd offers the following market instruments:

• Forex trading with more than 50 currency pairs. The company offers these forex pairs with the tightest spreads. Forex markets is the most liquid market in the world at the moment and holds opportunities for a positive trading experience.
• Commodities such as Gold, Silver and Crude Oil, are offered by Ocean Global Markets Ltd with high level leverage. Price movements can be tracked and this could lead to high profits.
• With exposure to leading global indices, traders get a chance to expand portfolios and potentially maximize profits.

FEES

The company operates with transparency and customers can be assured that no hidden fees are charged. Spreads are charged and may vary as it is dependent on account types as well as market conditions.

• EURUSD: From 0.1 pips
• GBPUSD: From 0.2 pips
• AUDUSD: From 0.1 pips
• NZDUSD: From 0.2 pips
• USDCAD: From 0.3 pips
• GOLD (XAUUSD): From 2.0 pips
• OIL (WTI): From 1.0 pips

DEPOSIT AND WITHDRAWAL

Ocean Global Markets Ltd provides a selection of deposit and withdrawals methods.

Funds can be deposited into accounts by:

• Debit and Credit Cards (Visa, Master, Maestro, JCB)
• Neteller
• Skrill/Moneybookers
• Global Collect (only for Australian clients)
• BPAY (only for Australian Clients)
• China Union Pay (only for Chinese residents)
• Bank Transfer
• Broker to Broker Transfer

Withdrawals can be requested by logging into the Client Portal.

Processing times for withdrawals:

• Neteller: Usually the same day
• Skrill/Moneybookers: Deposits received from Skrill are returned to client Bank accounts
• Global Collect (only for Australian Clients): Usually 3 to 5 business days
• BPAY (only for Australian Clients): Same day or the next business day
• China Union Pay (only for Chinese residents): 1 to 3 business days
• Bank Transfer local payments: The same day or next business day
• Bank Transfers international payments: Usually 3 to 5 business days

TRADING PLATFORMS

The company offers its clients the highly popular MetaTrader4 (MT4) Trading Platform

The MetaTrader4 platform is the most widely used trading platform in the world. It offers different execution methods, is fully customizable and prices are created during the execution process.

This platform provides all the necessary features and benefits to create a positive trading experience with forex, commodities, metals and indices.

Features and benefits of the MetaTrader4 platform include:

• Simple user interface
• Limit orders
• Ultra-fast execution
• Graphs and charts for different timeframes
• Instant order execution
• Live global markets
• More than 30 technical indicators and analysis tools
• Live analytics
• Available in several languages
• Add-ons / widgets / tools
• One-click trading
• Chart trading
• EAS/Automated trading support
• Available via desktop, iOS and Android

HOW TO OPEN AN ACCOUNT

The Ocean Global Markets review process of opening a new account is fully digital, hassle-free and fast.

To open a Live account with Ocean Global Markets Ltd, just follow a few easy steps on the company’s website:

1. Apply for an account by completing a simple online form. A response will be sent in 60 seconds.
2. Log in and deposit funds
3. Start trading

CUSTOMER SUPPORT

Ocean Global Markets Ltd is dedicated to supporting customers with any inquiries and problems that may arise. Assistance can be requested via telephone, e-mail, social media or by leaving a direct message on the company’s website.

The company’s multi-lingual team of professionals are standing by to offer support in a fair and swift manner, whether it be help with opening an account, information on instruments or fees, how to use a trading platform or general inquiries.

EDUCATION

Ocean Global Markets Ltd offers a wide selection of educational tools to help customers understand the trading world better. These tools are especially handy for those who are new to trading or do not understand certain terms, platforms or instruments.

Educational tools also help with skills development and traders of all styles and experience levels can benefit from these tools.

The company’s detailed MetaTrader4 guide shows exactly how to use it and what each chart and indicator are used for and how to make the most of its benefits.

Dedicated trading webinars, articles from market analysts, platform guides and advanced trading strategies are readily available at no cost.

Basic educational knowledge includes:

• An overview of the economy, including major players such as the United States, Europe, China, the United Kingdom, Japan, Australia and Canada.
• Data analysis
• Analysis method
• Black Swan event
• Features of products
• Important institutions

Technical analysis includes:

• Dow Theory (The Dow theory on stock price movement)
• Support Level and Resistance
• Technical analysis
• Position management
• Trading Overall Arrangement

Advanced training is available at the FXPLUS Trading Academy, which was established by an elite team of Chinese and Australian traders and financial industry professionals.

The company is continuously empowering traders from around the world by providing high standard educational services.

RESEARCH

Few research tools could be found on Ocean Global Markets Ltd.’s website, but the MetaTrader4 platform provides sufficient enough analysis tools to help in this regard.

These tools help customers to make informed trading decisions via market analysis, charts, news and events, as well as others.

AWARDS

Even though Global Ocean Markets Ltd offers dedicated customer support, an award-winning platform and a competitive trading environment, it has not received any awards yet.

CONCLUSION

When reviewing Ocean Global Markets Ltd, one can see that this company takes its responsibilities as a regulated broker seriously. The company follows strict guidelines regarding leverage ratios and customer funds as well as data are protected.

Tier-1 banking institutions are used to keep customer funds segregated from the company’s own funds, which means in the unlikely event of the company not being able to fulfil its financial obligations, customer funds cannot be used for these or any other purposes.

Traders have access to the leading markets in the world, with professionals standing by to offer assistance. Although the company only offers two accounts with high initial deposits, it provides great trading environments for all types of traders.

Ocean Global Market Ltd.’s range of educational tools are a bonus, and traders can be assured that they will find their trading questions answered.

Traders with this company would have benefitted from more research tools as it is crucial to making informed trading decisions. Luckily, the MetaTrader4 has ample analysis tools available that assist traders in this regard.

All in all, Ocean Global Markets Ltd should be a good broker choice for novice and seasoned traders alike.

DISCLAIMER

Foreign Exchange and Commodities trading are high risk and not suitable for everyone.

You should carefully consider your investment objectives, level of experience and risk appetite before making a decision to trade with us. Most importantly, do not invest money you cannot afford to lose.

There is considerable exposure to risk in any off-exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of the markets that you are trading.

The material disclosure herein is general in nature and does not take into account your objectives, financial situation or needs.

While every care has been taken in preparing this material, we do not provide any representation or warranty (express or implied) with respect to its completeness or accuracy.

This is not an invitation or an offer to invest nor is it a recommendation to buy or sell investments.

Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice.

Ocean Global Market Ltd is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

OG recommends you to seek independent financial and legal advice before making any financial investment decision.

Trading derivatives and forex carries a high level of risk to your capital and may not be suitable for all investors, according to research in South Africa.