Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo valid financial licence: only an expired MISA offshore registration (ended May 2025) and a Greek company registration, while Greece's regulator (HCMC) warns it is unauthorised to provide investment services or hold client funds, yet it takes deposits.
Identity & transparency
6/10 · HighA real registered Greek company with a Thessaloniki address is disclosed, but the site falsely claims a German headquarters, leaks another brand name, and misrepresents its regulatory status.
Withdrawals & conduct
5/10 · ModerateThird-party scam-alert pages report a withdrawal and advance-fee pattern, but no first-person transactional complaints could be verified on mainstream platforms, so the pattern is unconfirmed.
Reputation
7/10 · HighA government regulator warning and consistent third-party scam-alert coverage dominate the record; no positive or organic review footprint was found.
Website claims
8/10 · CriticalMultiple false or unsupported claims: 'regulated by financial regulators', a German HQ, a 2021 start on a 2023 domain, 'world leader in 46 countries', '94% return on investment', and an expired licence shown as current.
Operational history
6/10 · HighThe operation dates to about 2023 (domain, licence and copyright all 2023), roughly three years, despite advertising a 2021 start.
Who they are
A quick desk file on the company behind the brand.
- Brand: Oversea Capital Markets (overseatrades.com)
- Legal entity: Oversea Capital Markets Limited Single-Member Private Company (IKE), a Greek company
- Registered: 27 Georgikis Scholis Avenue / 65 Georgikis Scholis Ave., 57001 Pylaia, Thessaloniki, Greece
- Website: https://overseatrades.com
- Greek registration: GEMI number 168551506000, a company registration, not a financial licence
- Only 'licence': Mwali (Comoros) MISA registration T2023282, expired 24 May 2025
- Offers: leveraged foreign-exchange and CFD trading up to 1:400, with live deposit accounts
- Not accepted: states it does not accept clients from Turkey, although its market widgets are in Turkish
- Age claim: advertises a 2021 start, but the domain and records date to 2023
- Regulator status: the HCMC warns it is not authorised to provide investment services or hold client funds
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Mwali International Services Authority
Greek General Commercial Registry (GEMI)
Why we reached this verdict
How the evidence adds up.
We rate Oversea Capital Markets a likely scam. Four findings drive that, strongest first.
- A regulator named the exact website. On 26 August 2026 the HCMC placed Oversea Capital Markets Limited on its public warning list, stating the firm is not authorised to provide investment services in financial instruments or to hold client funds, and that overseatrades.com does not belong to an authorised entity. Under Greek Law 4514/2018, providing investment services without authorisation is a criminal offence.
- The one licence it shows is expired and near-worthless. The Mwali International Services Authority register lists licence T2023282 with an end date of 24 May 2025, so it lapsed more than a year ago, yet the broker still prints 'License No: T2023282' in its footer as if current. That authority is an offshore island registrar rather than a recognised supervisor, and the Comoros central bank has publicly disavowed its licences.
- The site states things that are not true. Its About page says the firm is 'regulated by financial regulators' and 'headquartered in Germany', and that it 'started online trading in 2021'. It is an unauthorised Greek company whose website dates to 2023, and a different brand name ('indyinvest' and 'Indyatirim') is left in the page text, a sign the content was copied from a kit.
- It takes money while unlicensed. The site runs a full live-account deposit funnel with 1:400 leverage and advertises figures like '94% return on investment' and '25 certificates of success'. Third-party scam-alert pages describe clients being asked to pay further fees to release funds, though we could not verify those individual reports on mainstream platforms.
Note on operating history: the 3.7-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Greece's regulator, the HCMC, publicly warned on 26 August 2026 that Oversea Capital Markets Limited Single-Member Private Company (IKE) is not authorised to provide investment services or hold client funds, and that overseatrades.com is not an authorised entity (Greek Law 4514/2018).
E2The Mwali (MISA) register lists licence T2023282 for Oversea Capital Markets Limited and overseatrades.com with an end date of 24 May 2025, so it has lapsed, yet the broker still displays it as a current 'License No' in its footer.
E3The broker's About page falsely claims it is 'regulated by financial regulators' and 'headquartered in Germany' with strict compliance over client funds, contradicting its real unauthorised Greek status and the HCMC warning.
E4The About page claims the firm 'started online trading in 2021', but the domain was registered on 1 February 2023 and the site copyright is 2023, with no earlier predecessor domain, overstating its history by about two years.
E5The site's own text repeatedly names other brands ('indyinvest' and 'Indyatirim', said to be headquartered in Germany) instead of Oversea, indicating the pages were copied from a reused website template.
Moderateoverseatrades.comE6The homepage runs a full live-account deposit funnel offering 1:400 leverage and advertises unverifiable figures such as '94% return on investment' and '25 certificates of success', while the firm holds no valid licence.
Moderateoverseatrades.comE7The operator is a genuinely registered Greek company (GEMI 168551506000) with a Thessaloniki address and a Greek landline, a real and disclosed entity rather than an anonymous shell.
E8The domain overseatrades.com was registered on 1 February 2023 through GoDaddy and uses Cloudflare nameservers, consistent with an operation about three years old.
The other side
The strongest case in this broker’s favour.
In fairness, here is the case for caution rather than outright condemnation.
- The company is real and disclosed. It is a genuinely registered Greek company (GEMI 168551506000) with a street address in Thessaloniki and a Greek landline, which is more than a pure shell usually shows.
- The MISA licence was genuinely its own. Number T2023282 was issued to this exact company for this exact website in May 2023. It is their own registration, not a stolen or cloned one. Its weakness is that it is offshore and has since expired.
- The complaint evidence is unconfirmed. The withdrawal and advance-fee reports we found sit on fund-recovery pages rather than independent review platforms, so we have not treated them as proven.
- But the regulatory position still fails. A real company with an expired offshore registration that a national regulator has warned against is not a safe home for client money.
What would change this
What we would need to see to revise the verdict.
We would revisit this verdict if the facts changed.
- The HCMC removing Oversea Capital Markets from its warning list, or confirming the firm had obtained authorisation in Greece or elsewhere in the EU.
- A current, in-force licence from a recognised regulator (for example CySEC, CNMV or BaFin) that names this entity and this website.
- The site correcting its own claims: removing the expired MISA number, dropping the 'regulated by financial regulators' and German-headquarters statements, and matching its advertised start date to its real 2023 history.
- Independent, verifiable evidence that clients can deposit and withdraw normally, with no fee-to-release demands.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
HCMC public warning naming Oversea Capital Markets
Greece's financial regulator states the firm is not authorised and overseatrades.com is not an authorised entity.
HCMC warnings to the public
The regulator's list, where the 26 August 2026 Oversea warning appears.
Mwali (MISA) licence verification for T2023282
Shows the licence end date of 24 May 2025 and the website overseatrades.com.
Frequently asked questions
Quick answers about this broker’s safety.
Is Oversea Capital Markets a scam?
We rate it a likely scam and would not deposit with it. Greece's financial regulator (HCMC) warns it is not authorised to provide investment services or hold client money, and its only licence is an expired offshore registration.
Is Oversea Capital Markets a fraud?
We do not make a criminal finding. What we can say is that the HCMC publicly warns the firm is operating without the required authorisation, and clients report being asked to pay extra fees to release funds. On the evidence, we assess the risk of fraud as high.
Is Oversea Capital Markets regulated?
No. It holds no valid financial licence. The MISA (Mwali/Comoros) registration it shows, T2023282, expired on 24 May 2025, and MISA is not a recognised supervisor. The HCMC states the firm is unauthorised.
What is the GEMI number 168551506000?
It is the company's entry in the Greek General Commercial Registry. It only confirms the company legally exists. It is not a financial licence and does not allow the firm to run a brokerage or hold client funds.
Can I withdraw my money from overseatrades.com?
Treat this as doubtful. Third-party scam-alert pages describe withdrawals being blocked and further fees demanded before any release. If you are asked to pay a fee or tax to unlock a withdrawal, that is a warning sign, not a real requirement.
Is my money safe with Oversea Capital Markets?
No. No recognised regulator oversees it and there is no compensation scheme. An expired offshore registration offers no protection for client deposits.
Who owns Oversea Capital Markets?
The operator is a Greek company, Oversea Capital Markets Limited Single-Member Private Company (IKE), registered in Thessaloniki. The site also, apparently by mistake, names other brands ('indyinvest' and 'Indyatirim') in its own text.
How old is Oversea Capital Markets?
About three years. The website domain was registered in February 2023 and the MISA licence was issued in May 2023. The site's claim that it 'started online trading in 2021' is not supported.
What is a MISA licence worth?
Very little. MISA is a registrar on the Comoros island of Mwali, not a functioning financial supervisor, and the Comoros central bank has publicly disavowed its licences. Here the licence has also expired.
Is Oversea Capital Markets a clone of another firm?
We found no evidence it is impersonating a specific regulated company. Its licence and registration are its own. The leaked brand names look like reused website-template text rather than a clone of a named firm.
The site says it is headquartered in Germany and regulated. Is that true?
No. The operating company is registered in Greece, not Germany, and the HCMC warns it is not authorised. The 'regulated by financial regulators' line on the About page is not accurate.
What should I check before depositing with any broker?
Confirm a current licence directly on the regulator's own register, match the company name and website to that licence, read independent reviews for withdrawal problems, and avoid any broker that demands fees to release your own funds.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since October 1, 2026
- October 1, 2026CurrentLikely scam70% risk
- October 1, 2026Likely scam71% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
Our advice is straightforward.
- Do not deposit money with Oversea Capital Markets or overseatrades.com.
- If you already have funds there, stop sending more, especially any 'fee', 'tax' or 'insurance' payment demanded before a withdrawal. Those demands are a classic advance-fee trap.
- Save everything: account statements, chat and email history, payment records, and the names used by anyone who contacted you.
- Report it to the Hellenic Capital Market Commission and to your own national financial regulator or police. If you paid by card or bank transfer, ask your bank about a chargeback or recall.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 1, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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