ANSWER Ocean Trade is not a legitimate broker. The New Zealand Financial Markets Authority (FMA) has issued a warning against Ocean Trade, exposing its fraudulent activities. This illicit platform not only misuses the information of a New Zealand-registered company to appear legitimate, but it has also created an additional 12 websites under various brand names to expand its reach to unsuspecting investors and defraud them of their money. For a full list of the web addresses, you can refer to our Ocean Trade review.Therefore, we strongly advise against trading with Ocean Trade. Its intention to defraud is abundantly clear. It is always crucial to perform due diligence before engaging with a trading platform. To avoid becoming a victim of fraud and identity theft, we recommend staying away from unlicensed brokers and choosing fully regulated ones with solid reputations.
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