
Ocean One Securities Review
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Verdict
Ocean One's international material advertises stock commissions starting at $0.0007 per share with a $0.05 minimum. That is an unusually low headline rate: a 5,000-share order would produce $3.50 in commission.
- Many major venues are listed at around $0.0030 per share for removing liquidity, on top of commission.
- DAS is listed at $115 a month for desktop access plus $15 for basic quotes.
- ST Global Markets Ltd. is licensed in The Bahamas and does not accept applications from residents of the United States.
Our rating breakdown
Ocean One Securities vs day trading peers
| Broker | Best for | Fee's per 1000/shares | Platform |
|---|---|---|---|
| International day traders | $0.85 | ||
| Trading below PDT limits | $0.50 | ||
| High-volume day trading | $0.50 | ||
| High-volume equities | $0 | ||
| Multi-platform direct access | $1.50 |
Pros & cons
Pros
Very low advertised per-share commission
DAS Trader and Sterling available
Direct market access
Cons
Offshore account structure adds complexity
Availability depends on jurisdiction
Routing charges can exceed commission
Is Ocean One Securities good for day trading?
Ocean One Securities is a good fit for experienced day traders who need direct US equity routing, short locates and low per-share pricing. It is an offshore brokerage rather than a domestic US retail broker, so its trading tools are only part of the decision. You also need to assess custody, investor protection and whether the firm can legally serve clients in your country.
- Best for:
- Active equity traders and short sellers
- Standout features:
- Low per-share pricing, DAS, Sterling and direct routing
- Advertised commission:
- From $0.0007 a share with a $0.05 minimum
- Short selling:
- Three short routes and integrated locate support on DAS
- Regulation:
- Securities Commission of The Bahamas, through ST Global Markets Ltd.
- Main drawback:
- Offshore structure needs attention to custody, protection and jurisdiction
The international offering is built around frequent US equity trading rather than passive investing.
DAS Trader provides direct market access, advanced order routing, programmable hotkeys and support for stocks and options. It also includes auction routes, smart routes, dark-pool access and API functionality.
Sterling gives experienced users another option. Ocean One advertises more than 150 routes, along with basket and imbalance functionality. That places the platform closer to a professional execution setup than a mainstream investing app.
Those features matter most to scalpers, momentum traders and small-cap specialists. They offer little value to someone who buys an ETF once a month.
How much does Ocean One Securities cost?
Ocean One's international material advertises stock commissions starting at $0.0007 per share with a $0.05 minimum. That is an unusually low headline rate: a 5,000-share order would produce $3.50 in commission.
But commission is only one part of the trade. Exchange and routing charges sit on top, depending on where the order is sent and whether liquidity is added or removed. Ocean One's fee table lists many major venues at around $0.0030 per share for removing liquidity, while passive orders can qualify for rebates on selected destinations.
What a 5,000-share order can really cost:
- Commission at $0.0007 a share:
- $3.50
- Route removing liquidity at $0.003:
- $15.00
- Combined:
- $18.50
Before applicable regulatory or other charges. The routing decision can matter far more than the headline commission.
That is why active-trading brokers should be compared on the complete execution cost, not one attractive number.
Direct routing is a major part of the offering. Ocean One publishes pricing across NYSE, Nasdaq, ARCA, EDGX, IEX and MEMX, and the economics vary significantly by destination. Its table lists ARCA at a rebate of $0.0020 a share for adding qualifying liquidity and a $0.0030 charge for removing it.
A day trader can therefore choose between prioritising a fast fill and improving the economics of repeated passive orders. That control is useful only if you understand the routes. For someone who simply wants to click Buy, it adds complexity without much benefit.
Per-share commission against comparable brokers
Published commission, per share. Spreads and exchange fees are charged separately.
- Equities
- $0.0008
- Options
- $0.60
Is Ocean One Securities good for short selling?
Short selling is one of the more compelling reasons to look at Ocean One. The DAS setup advertises three short routes, integrated locate support and API functionality that can work with the borrow process.
That matters for small-cap traders, because easy-to-borrow lists alone are rarely enough. When a ticker becomes hard to borrow, access to additional inventory can determine whether the setup is tradable at all.
The quality of that offering still needs judging ticker by ticker. Having a locate system does not automatically mean the inventory will be available or competitively priced when you need it.
Your real cost may include:
- Commission
- Routing fees
- Locate cost
- Overnight borrow
- Software and market data
If a trade has $150 of expected gross profit and borrowing the shares costs $70, the locate matters far more than shaving a few dollars from commission.
For short-biased traders, compare Ocean One using a sample of the actual hard-to-borrow names you regularly trade. That gives a much better answer than comparing marketing claims about inventory size.
- Locate providers
- Three
- Hard to borrow inventory
- Marketed as the largest
- Locate price shown before you pay
- Not publicly documented
- Overnight borrow
- Not publicly disclosed
- Pattern day trader rule
- Does not apply
DAS Trader or Sterling Trader?
DAS Trader is the more natural starting point for most independent equity day traders. It provides Level 2 functionality, direct routing, programmable hotkeys, scripts, mobile access and integrated stock-locate support. Ocean One's international FAQ lists DAS at $115 a month for desktop access plus $15 for basic quotes.
Sterling is better suited to traders who need a larger routing menu, basket functionality or an existing professional Sterling workflow.
- Better for
- DAS Trader: Most independent equity day tradersSterling: More specialised or higher-volume workflows
- Key strengths
- DAS Trader: Hotkeys, Level 2, direct routing and locatesSterling: 150+ advertised routes, basket trading, deeper configuration
If you already know you need Sterling, the choice is straightforward. Otherwise, DAS is the simpler place to start.
Software and data fees belong in any brokerage comparison. A monthly bill of around $130 for software and basic data may be small for a high-volume trader and expensive for someone who trades rarely.
Minimum deposit and who can open an account
Ocean One does not expose a formal minimum deposit in the publicly indexed answer to its FAQ. Its international material refers to promotional DAS pricing for new clients depositing $2,000 or more, but that figure should not be treated as the formal minimum account size. Confirm the current funding requirement during onboarding.
The old Pattern Day Trader framing should not be used as the answer to Ocean One's minimum-deposit question. FINRA replaced the old PDT designation and universal $25,000 minimum with its new intraday margin framework, effective 4 June 2026. Ocean One is also a Bahamas-based structure rather than a US FINRA-member retail broker in its own right.
Your practical limits come from Ocean One's account terms, margin requirements and jurisdiction, not an old four-trades-in-five-days rule.
Jurisdiction deserves close attention. Ocean One operates through ST Global Markets Ltd., which is licensed in The Bahamas. The firm states that it does not accept applications from residents or citizens of several jurisdictions, including the United States. Restrictions vary by country, so confirm eligibility before comparing platforms or pricing.
Is Ocean One Securities regulated?
Yes. Ocean One Securities is the trading name of ST Global Markets Ltd., which the Securities Commission of The Bahamas lists as a registered firm authorised to deal in capital market instruments as agent in its April 2026 registrant list.
The custody arrangement is separate. Ocean One's international FAQ states that most customer funds are held with Velocity Clearing in New York, which is an SEC-registered broker-dealer and a member of FINRA and SIPC. That does not mean Ocean One itself is SIPC insured.
- Ocean One / ST Global Markets:
- Bahamas-regulated brokerage entity
- Velocity Clearing:
- US SEC-registered, FINRA and SIPC-member clearing firm
These are separate legal entities. Before depositing meaningful capital, confirm where your account and assets are legally held and which investor protection applies to them.
The offshore structure may give Ocean One access to an international base of active traders who have difficulty finding US execution infrastructure in their home markets. It also creates more questions than a standard domestic brokerage account:
An offshore structure is not automatically a reason to reject the broker. It does mean the due-diligence burden is higher.
Who is Ocean One Securities best for?
Ocean One Securities is best for experienced international day traders who need professional US equity execution, direct routing and low per-share pricing. Small-cap momentum traders and short sellers are the clearest audience because DAS, multiple routes and locate functionality address problems they face regularly.
The broker is a weaker fit for passive investors and occasional traders. DAS, Sterling, 150-plus routes and hard-to-borrow tools add little value when the trading plan involves a small number of long-term ETF purchases.
Before opening an account, confirm three things:
- You are eligible to use the service in your country
- You understand where your assets are held and what protection applies
- Your total trading costs remain competitive after routing, software, data and borrow charges
Ocean One is worth considering when those checks work in your favour. A low commission rate does not compensate for an account you cannot legally use or whose custody terms you cannot verify.
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