Ocean Financial Management has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 41 4350 16692, fax + 41 4350 81488
Addresses: Bellerivestrasse 14 Zurich Switzerland 8008 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.oceanfinancialmgmt.com.
The reporting at Ocean Financial Management is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Segregated accounts|Risk management tools|Clear documentation|Market news feed
Cons: Wait times can be long during peak hours
I joined Ocean Financial Management when my bank disappointed me and I searched for alternatives and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Good analytical tools|Low minimum deposit|Detailed reporting|Real-time alerts
Cons: Minimum deposit could be lower|Wait times can be long during peak hours
I had a dispute with Ocean Financial Management and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Instant funding|Automated trading options
Cons: Wait times can be long during peak hours|Withdrawal takes 1-2 business days
After for close to eighteen months with Ocean Financial Management I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Easy withdrawals|Multiple order types|Regular platform improvements
Cons: No dark mode on mobile|Nothing significant
Ocean Financial Management changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Stable platform|Comprehensive tools|Good analytical tools
Cons: Onboarding videos are outdated
What really bothers me about Ocean Financial Management is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after a friend recommended them and I fell for the polished exterior. Never again.
Pros: Copy trading available|Transparent fees|High security standards
Cons: Wish they had more educational resources
I opened an account with Ocean Financial Management since last summer ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Transparent fees|Regular platform improvements
Cons: No phone support on weekends
After using Ocean Financial Management since last summer, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Stable platform|Intuitive for beginners|Fast execution|API access
Cons: Nothing significant|Could offer more webinars
Customer support at Ocean Financial Management seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Reliable uptime|No hidden fees
Cons: No dark mode on mobile|No crypto staking
The onboarding at Ocean Financial Management was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Easy withdrawals|Two-factor authentication|Intuitive for beginners|Quick verification
Cons: Nothing significant|Desktop app not available on Linux