Oceanwaves Limited has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I closed a profitable position at Oceanwaves Limited and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: High security standards|Demo account available
Cons: Help articles are sometimes vague|Email notifications too frequent
After seeing ads for Oceanwaves Limited online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
After for a few weeks now with Oceanwaves Limited 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: Good analytical tools|Helpful community forum|Quick verification
Cons: Limited ETF selection
Customer support at Oceanwaves Limited 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: Fast support response|Responsive team
Cons: Limited demo account features|Charting tools need more indicators
I found Oceanwaves Limited through my accountant's suggestion and the initial impression was positive. But since the beginning of the year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Tax reports included|Regular updates
Cons: Desktop app not available on Linux|No live chat on mobile
The spread at Oceanwaves Limited is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them when my bank disappointed me and I searched for alternatives and initially thought the platform was good - until I started trading seriously.
Pros: Responsive team|Full transparency|Transparent fees
Cons: Live chat only during business hours|None so far
Tried to withdraw my funds from Oceanwaves Limited and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I requested my data from Oceanwaves Limited under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Dividend tracking|Dedicated account manager
Cons: Withdrawal takes 1-2 business days|Live chat only during business hours
The mobile app from Oceanwaves Limited is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Full transparency|Segregated accounts|Great customer service|Real-time alerts
Cons: Help articles are sometimes vague
I had high hopes for Oceanwaves Limited after reading several online reviews, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Dividend tracking|Demo account available|Responsive team|Wide product range
Cons: Charting tools need more indicators|Currency conversion fee exists