Is Oversea Capital Markets a scam?
Wikilix independent safety report
Oversea Capital Markets (overseatrades.com) shows the hallmarks of a scam, and we would not deposit a cent with it. Greece's financial regulator, the Hellenic Capital Market Commission (HCMC), issued…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Broker Summary
What Wikilix has recorded about Oversea Capital Markets: its history, the licences it holds, its trading conditions and its fees.
Oversea Capital Markets Broker Overview
Oversea Capital Markets is a retail trading brand operated by OVERSEA CAPITAL MARKETS LIMITED and marketed at overseatrades.com. The company says it started online trading in 2021, and no confirmed financial regulation stands behind it. Three account tiers are offered from a 50 US dollar minimum deposit, with leverage of up to 1:400, no commission, and the whole trading cost carried in spreads that start at 6 pips.
Oversea Capital Markets Regulation and License
The company publishes a licence number, T2023282, in the footer of every page and again on its contact page. It names no issuing authority, no jurisdiction for that licence, no licence type and no dates, and it publishes no verification link. There is no regulation or legal section anywhere on the site. The licence is therefore a claim the company makes about itself rather than confirmed regulation, and no official evidence was found that it authorises any financial services activity.
Alongside it the company publishes a registered number, 168551506000. A company registration is not financial regulation: at most it records that a company exists, and it carries no permission to hold client money or to deal in leveraged products. No record of OVERSEA CAPITAL MARKETS LIMITED was found in a cross-jurisdiction company registry search or in the global Legal Entity Identifier database, so the registration itself is also unconfirmed.
Is Oversea Capital Markets Regulated?
No confirmed regulation was found. The company does not name a single supervisory authority anywhere on its website, so a client has no regulator to complain to and no compensation scheme to fall back on if a withdrawal is refused. The About page says only that the firm 'is regulated by financial regulators', without saying which.
OVERSEA CAPITAL MARKETS LIMITED
OVERSEA CAPITAL MARKETS LIMITED is the only company named on the website, and the address given for it is not consistent. The footer of every page gives a registered office at 27th Georgikis Scholis Avenue, 27 57001, Thessaloniki, Greece, with an operating location at 65 Georgikis Scholis Ave. 57001 PYLAIA Thessaloniki. The contact page attaches the same registration and licence numbers to an entirely different address, on Bonovo Road, Fomboni, Island of Moheli, Comoros Union. The site also carries copy belonging to another firm, naming 'Indyatırım' as headquartered in Germany on the About page and 'indyinvest' on the home page, which indicates the pages were adapted from a different operator's website.
Is Oversea Capital Markets Safe?
Nothing established about the firm supports calling it safe. No authority supervises the service as far as the company discloses, the operating company could not be found on a registry, and the website publishes no terms of business, client agreement, order execution policy or complaints procedure. Its own sitemap lists the entire site as five pages. A client funding an account would be doing so with no written contract and no published process for getting the money back.
Oversea Capital Markets Account Types
Three tiers are listed on the Packages page, all quoted in US dollars and all with commission stated at 0%. They differ only in minimum deposit and minimum spread.
- Standart Account: 50 US dollar minimum deposit, minimum spread 9 pips.
- Gold Account: 100 US dollar minimum deposit, minimum spread 7 pips.
- Premium Account: 500 US dollar minimum deposit, minimum spread 6 pips.
No tier states its maximum leverage, trade sizes, stop-out level or swap treatment, and none is presented as an ECN or swap-free account.
Oversea Capital Markets Spreads, Commissions and Fees
Trading cost sits entirely in the spread. The best advertised figure, 6 pips on the Premium Account, is wide for a major currency pair by retail market standards, and the entry tier starts at 9 pips. The home page markets the firm on spreads 'rated among the most cost-effective in the industry', which its own published figures do not support. No overnight financing, inactivity, deposit or withdrawal fee is published anywhere on the site.
Oversea Capital Markets Leverage
The home page advertises leverage of up to 1:400 with no commission. The account tiers do not state leverage individually, so whether all three carry the same maximum is not disclosed.
Oversea Capital Markets Trading Platforms
No trading platform is named. Each account tier describes its platform only as 'Platforms 4 and 5', and the site gives no platform name, download link, web terminal or server detail. The only trading tool actually published is an embedded economic calendar on the page the Services menu points to.
Oversea Capital Markets Deposits and Withdrawals
No funding information is published. The website names no deposit or withdrawal method, no currency, no fee, no limit and no processing time, saying only that clients should use one of its fast, flexible and secure payment methods. No withdrawal procedure or minimum withdrawal amount appears anywhere on the site.
Oversea Capital Markets Support
Support is offered by telephone on +30 2311218064 and by email at info@overseatrades.com, and the home page advertises a support line answering questions 24 hours a day, seven days a week. There is no live chat, no help centre and no client portal, and the company links to no social media account.
Oversea Capital Markets Pros and Cons
Pros:
- A low entry point, with a 50 US dollar minimum deposit on the Standart Account.
- A named operating company, a street address, a telephone number and an email address on every page.
- A full risk warning in the footer covering leverage and the possibility of losing the entire margin deposit.
Cons:
- No confirmed financial regulation, and no supervisory authority named at all.
- A licence number published with no issuing authority and no way to verify it.
- Two different registered addresses carrying the same company registration number.
- No terms of business, client agreement or complaints procedure.
- No named trading platform, and no funding methods, fees or withdrawal terms.
- Spreads of 6 to 9 pips, well above the retail market.
Oversea Capital Markets Review and Assessment
Oversea Capital Markets presents a conventional three-tier trading offer, but almost nothing behind it can be checked. The decisive consideration before funding an account is that no authority supervises the service and no contract governs it, so there is no mechanism through which a deposit could be recovered. Anyone considering the firm should ask it in writing which authority issued licence T2023282, in which jurisdiction OVERSEA CAPITAL MARKETS LIMITED is registered, and where the client agreement and withdrawal terms can be read.
Website snapshots
4 full-page captures of Oversea Capital Markets's own site, archived so what they said can still be read after the pages change.
Regulatory Licenses
We have not confirmed any regulation for Oversea Capital Markets. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Oversea Capital Markets. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Account Types
3 account types on record. Minimum deposit from USD 50.
| Account | Min Deposit | Leverage | Commission |
|---|---|---|---|
| Standart AccountStandard | USD 50 | Not recorded | 0% |
| Gold AccountGold · VIP | USD 100 | Not recorded | 0% |
| Premium AccountPremium · VIP | USD 500 | Not recorded | 0% |
Country availability
Where Oversea Capital Markets says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
How we know — 9 sources
- 1TR blocked: the footer disclaimer carried on every page of https://overseatrades.com reads 'The company does not accept clients from Turkey'. This is the company naming the jurisdiction itself, so it is a confirmed block.
- 2No further codes written. The same footer adds that 'Information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation'. That wording names no country and no category that resolves to specific jurisdictions, so nothing was inferred from it.
- 3Location 1, client agreement and terms: the company publishes no terms of business, client agreement, privacy policy or other legal document. https://overseatrades.com/terms, /terms-and-conditions, /legal, /client-agreement, /documents, /privacy and /privacy-policy all return a page-not-found response, and https://overseatrades.com/sitemap.xml lists the whole site as five pages.
- 4Location 2, dedicated countries page: none exists. https://overseatrades.com/restricted-countries, /prohibited-countries, /accepted-countries, /where-we-operate and /countries all return a page-not-found response, and the site has no FAQ, help centre or on-site search.
- 5Location 3, the signup form country list: the company has no registration form. The Apply Now button on every account tier at https://overseatrades.com/packages leads to https://overseatrades.com/contact, whose form asks only for company, name, email and a message, with no country selector and no client portal or login anywhere on the site.
- 6Location 4, AML or KYC policy, deposit and withdrawal page, partner terms: none is published. https://overseatrades.com/aml, /aml-policy, /kyc, /deposit, /withdrawal, /deposits-and-withdrawals, /funding, /payment-methods, /partners, /ib and /affiliate all return a page-not-found response.
- 7Location 5, regulator filings for the named operating entity: not applicable. The company names no regulator or supervisory authority anywhere on its website, so there is no authority whose filings could be consulted for permitted territories.
- 8Location 6, footer risk disclaimer and language variants: reached, and this is the only location that held a restriction. The site is published in English only and offers no other language variant, so no further markets can be inferred from its localisation.
- 9Marketing text on https://overseatrades.com/about states the company serves investors in more than 46 countries but names none of them, so no code was added to the acceptance list. Absence of a block is not acceptance.
Corporate Network
One legal entity behind the Oversea Capital Markets brand.
- OVERSEA CAPITAL MARKETS LIMITEDActiveGreeceRegistration 168551506000The only operating company named on the website. Its footer gives this registration number against a registered office in Thessaloniki, Greece, while the contact page gives the same number against an address on Bonovo Road, Fomboni, Island of Moheli, Comoros Union. No record of the company was found in a cross-jurisdiction company registry search or in the global Legal Entity Identifier database, so neither registration could be confirmed.
Company Registration
Oversea Capital Markets names Oversea Capital Markets Limited Single-Member Private Company (IKE) as the operating company. We could not confirm that registration on the registry.
- Legal entity
- Oversea Capital Markets Limited Single-Member Private Company (IKE)
- Registration number
- 168551506000
- Jurisdiction
- Greece
- Registry
- GEMI (Greek General Commercial Registry)
- Registered address
- 27 Georgikis Scholis Avenue, 57001 Pylaia, Thessaloniki, Greece
Brokers worth comparing
2 other brokers on the record share what Oversea Capital Markets offers — its country, regulator, account types or platforms — set beside it on the same measures.
Oversea Capital Markets
This recordGreece· Oversea Capital Markets LimitedWikilix score 24.0RegulationNo RegulationMax leverage1:400PlatformsNot recordedLicencesNot recordedSOLIDUS Securities ISF
Greece · since 1999· SOLIDUS Securities Investment Services FirmWikilix score 6.5RegulationRegulatedHCMCMax leverageNot recordedPlatformsNot recordedLicences1NAGM
Australia · since 2019Wikilix score 24.0RegulationOffshoreFSAMax leverage1:400Platforms2Licences2
Frequently Asked Questions
Common questions about Oversea Capital Markets
There is no published route for a complaint. The site has no complaints procedure, no terms of business and no named regulator, so there is no internal escalation path and no external body to appeal to. A client in dispute would be left with their own bank or card issuer and the financial regulator of their own country of residence.
By telephone on +30 2311218064, by email at info@overseatrades.com, or through the form on its contact page. The home page advertises a support line answering questions 24 hours a day, seven days a week. There is no live chat, no help centre and no social media account linked from the site, and English is the only language the site is published in.
There is no account opening system. Every 'Apply Now' button on the Packages page leads to a general contact form asking for a company, a name, an email address and a message. The site has no registration page, no identity verification flow and no client login, so an account can only be arranged by correspondence.
The only country it names is one it refuses: the footer of every page states that the company does not accept clients from Turkey. It also carries a general clause that the site is not directed at residents of jurisdictions where that would breach local law, without naming any. No list of accepted countries exists, and the About page's claim to serve investors in more than 46 countries names none of them.
No processing time is published, and neither is a withdrawal procedure or a minimum withdrawal amount. There is nothing on the site that tells a prospective client how to request money back or how long it should take, which is a condition worth settling in writing before any deposit.
The site does not say. It names no deposit or withdrawal method, no accepted card, bank or wallet, no currency, no fee and no limit, stating only that clients should use one of its fast, flexible and secure payment methods. There is no funding page and no fee schedule.
The site never names one. Each account tier describes its platform only as 'Platforms 4 and 5', and no platform name, download link, web terminal, mobile app or server detail is published. The only trading tool actually available on the website is an embedded economic calendar.
Up to 1:400, according to the home page. The individual account tiers do not state leverage, so whether all three carry that maximum is not disclosed. Leverage at that level magnifies losses as much as gains, and the firm's own footer warns that the entire margin deposit can be lost.
All of the cost is in the spread, since commission is stated at 0% on every tier. The quoted minimum spreads are 9 pips on the Standart Account, 7 pips on the Gold Account and 6 pips on the Premium Account, which is wide for a major currency pair by retail standards. No overnight financing, inactivity, deposit or withdrawal fee is published anywhere on the site.
Fifty US dollars on the entry tier. The Packages page lists a 50 US dollar minimum on the Standart Account, 100 US dollars on the Gold Account and 500 US dollars on the Premium Account, all quoted in US dollars.
Its own pages give two different answers. The footer states a registered office at 27th Georgikis Scholis Avenue, 27 57001, Thessaloniki, Greece, under registered number 168551506000, while the contact page attaches that same registration number and licence number to an address on Bonovo Road, Fomboni, Island of Moheli, Comoros Union. No record of the company was found in a cross-jurisdiction company registry search or in the global Legal Entity Identifier database, so neither registration is confirmed.
The only company named is OVERSEA CAPITAL MARKETS LIMITED, which appears in the footer of every page and in the site title. No director, officer, shareholder or parent company is named anywhere, and the firm links to no corporate filings.
Nothing establishes fraud, and nothing establishes safety either, so the honest answer is that it is unverified rather than clean. No regulator supervises it as far as it discloses, its operating company could not be found on a registry, and it publishes no client agreement. Those are the conditions in which money cannot be recovered if something goes wrong, whatever the firm's intentions.
No regulation could be confirmed. Oversea Capital Markets does not name a single financial regulator or supervisory authority anywhere on its website, and it has no regulation or legal section at all. It publishes a licence number, T2023282, in its footer and on its contact page, but without an issuing authority, a jurisdiction, a licence type or a verification link that number cannot be checked by anyone.
Comments
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