FMA Issued a warning against Ocean Trade

According to the Financial Market Authority (FMA), Ocean Trade is an unauthorised firm. FMA recommended caution when dealing with Ocean Trade and its twelve duplicate websites.

The Authority said Nine of these websites falsely use details of a registered New Zealand company Mercado Limited (registration number 7353856), including its address and Companies Register details on a fake Certificate of Incorporation document.

WEBSITE: ocean-trade.org; perfectglobaltrade.org; livetradeinvestment.com; cryptoprofitrade.com; coinminetinvest.com; cryptoprofitrade.com; cnkglobalinvestment.com; stakefunds.org; episodegrab.org; upliftfxinvest.net; coinfinancefxtrading.com; realearners.net; coinfinancefxtrading.com

EMAIL: support@ocean-trade.org; support@perfectglobaltrade.org; support@livetradeinvestment.com; support@cryptoprofitrade.com; support@coinminetinvest.com; support@cryptoprofitrade.com; support@cnkglobalinvestment.com; support@stakefunds.org; support@Episode-grab; admin@coinfinancefxtrading.com; admin@realearners.net; admin@coinfinancefxtrading.com

ADDRESS: (Alleged) 25d Churchill Street, Christchurch Central, Christchurch 8013

FMA Stated that The Director of Mercado Limited has confirmed no association with these websites.

Four of the twelve websites use details from other legitimate companies in New Zealand or the United Kingdom.

Review

When we searched for this broker on Wikifx, We found Ocean Trades rating to be very low, at 1.42 out of 10. Wikifx mentioned there that it does not have any kind of regulation. Therefore, it is unsafe and risky to invest in Ocean Trade.

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