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Money Ocean Fx

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://moneyoceanfx.com

Website

Rating Index

Contact

+971 559306571
Info@moneyoceanfx.com
https://moneyoceanfx.com
71-75 Shelton street, London, Greater London, United Kingdom WC2H9JQ

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Contact number

English

+971 559306571

Broker Information

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Company Name

Money Ocean Fx Limited

Company Abbreviation

Money Ocean Fx

Platform registered country and region

United Kingdom

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-19
  • 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

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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:

General Information & Regulation

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.

General Information & Regulation

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.

Account Types

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.

User Reviews

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6

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NISHA5138
6-12months
NICE BROCKER , I WITHDRAW MY MONEY AND GET IT INSTANT GOOD SERVICE
2023-10-13 18:03
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Akkie
6-12months
The best forex trading without commissions, The best for mobile trading and high leverage, The best for copy trading, The best for safety, The best for copy trading, Best for technical analysis tools, Best overall.
2023-10-13 17:46
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0
0
MOFX
6-12months
Good trading software and fast deposit and withdrawal for this company and spreads are too good for other brockers.
2023-10-13 17:33
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0
0
FX1443881302
more than one year
Guys, I would like to recommend this broker to you. I have been following with this broker for half a year with a standard account. This broker’s trading environment is comfortable and friendly. I never met any problems with my order execution, withdrawals and spreads. I do think this broker is quite reliable. By the way, trading with this broker is not expensive.
2023-03-23 18:12
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0
0
FX1131003933
more than one year
Money Ocean Fx has a lightning speed of execution. The speed is below a second and it remains fast even when I try to execute many trades back to back. The broker also has mt5 which works very well.
2022-12-12 17:06
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0
0
冯生29209
more than one year
Honestly, spreads on forex trading were quite competitive. But I encountered many problems when I withdrew my money. They said my account has an error, and it needed to be fixed, and I am still waiting now…
2022-12-08 11:11
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0
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