Score
Money Ocean Fx
United Kingdom|2-5 years| https://moneyoceanfx.com
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Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+971 559306571
Other ways of contact
Broker Information
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Money Ocean Fx Limited
Money Ocean Fx
United Kingdom
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $1,000 |
| Minimum Spread | From 0.0 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $3 |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $250 |
| Minimum Spread | From 0.0 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $6 |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $100 |
| Minimum Spread | From 1.2 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $6 |
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- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
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- Underlying Risk
Capital
$(USD)
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Money Ocean Fx · Company Summary
Money Ocean Fx 1211883242
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
| Feature | Detail |
| Regulation | No regulation |
| Market Instrument | Forex, shares, indices, spot metals and CFDs |
| Account Type | Novice, Standard and VIP |
| Demo Account | yes |
| Maximum Leverage | 1:1000 |
| Spread | Raw spreads from 0.0 pips |
| Commission | Novice/Standard: $6, VIP: $3 |
| Trading Platform | MT5 for Windows, Android, iOS and WebTrader |
| Minimum Deposit | $100 |
| Deposit & Withdrawal Method | bank transfers, credit/debit cards, e-wallets |
Money Ocean Fx, a trading name of Money Ocean Fx Limited, presents itself as a forex and precious metals broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and raw spreads from 0.0 pips on the MT5 trading platform via three different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Money Ocean Fx currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.38/10. Please be aware of the risk.
Market Instruments
Money Ocean Fx advertises that it offers access to 200+ instruments across 5 asset classes, including forex, shares, indices, spot metals and CFDs.
Account Types
Apart from demo accounts, Money Ocean Fx claims to offer three types of trading accounts, namely Novice, Standard and VIP, with minimum initial deposit requirements of $100, $250 and $1,000 respectively.
Leverage
Money Ocean Fx offers flexible leverage of 1:100, 1:500 and 1:1000 on all account types. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
Money Ocean Fx claims to offer raw spreads from 0.0 pips. As for the commission, there is a commission of $6 on the Novice and Standard accounts and $3 on the VIP account.
Trading Platform Available
The platform available for trading at Money Ocean Fx is one of the most notable and preferred trading platforms the market offers - MetaTrader5 for Windows, Android, iOS and WebTrader. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
Money Ocean Fx says to offer multiple ways to deposit and withdraw funds including bank transfers, credit/debit cards, and a selection of e-wallets. The minimum initial deposit requirement is $100. There is no commission on deposits and withdrawals.
Customer Support
Money Ocean Fxs customer support can be reached by telephone: +971 55 9306571, email: Info@moneyoceanfx.com or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, LinkedIn and Skype. Company address: 71-75 Shelton Street, London, Greater London, United Kingdom WC2H9JQ.
Pros & Cons
| Pros | Cons |
| • Multiple tradable assets and account types offered | • No regulation |
| •Demo accounts available | • High commission fee charged |
| • MT5 supported |
Frequently Asked Questions (FAQs)
| Q 1: | Is Money Ocean Fx regulated？ |
| A 1: | No. It has been verified that Money Ocean Fx currently has no valid regulation. |
| Q 2: | Does Money Ocean Fx offer demo accounts？ |
| A 2: | Yes. |
| Q 3: | Does Money Ocean Fx offer the industry-standard MT4 & MT5？ |
| A 3: | Yes. Money Ocean Fx offers the MT5 platform. |
| Q 4: | What is the minimum deposit for Money Ocean Fx？ |
| A 4: | The minimum initial deposit at Money Ocean Fx to open the most basic account is $100. |
| Q 5: | Does Money Ocean Fx charge a fee？ |
| A 5: | Like every forex broker, Money Ocean Fx charges a fee when you trade - either in the form of a commission fee or spread fee. But no deposit and withdrawal fees. |
| Q 6: | Is Money Ocean Fx a good broker for beginners？ |
| A 6: | No. Money Ocean Fx is not a good choice for beginners. Although it offers demo accounts on the leading MT5 platform, it lacks legal regulation, so it is dangerous to trade with them. |
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