Omega FX Review: Broker With A Warning Is Not A Good Choice

Omega FX Review

The first thing you must notice is that the broker is not active anymore. It was registered in 2019, yet with non-transparent company ownership details.

Since they were targeting some strictly regulated countries, they got numerous warnings. Consequently, they vanished, of course. But to avoid these situations in the future we recommend you read this Omega FX review carefully.

Key Facts About This Bulgarian Swindler

Generally speaking, any company without transparent ownership is definitely hiding something. Especially if you are looking at freshly registered brokerage. 

Nobody with common sense would trust their money to a stranger. After all, it can happen to anyone to trust them for some reason.

Broker name Reliable Broker Must Have
Legal name: N/A Transparently displayed in the disclaimer or legal documents
Regulation: Unregulated Within your legal jurisdiction – local regulator
Registered in: Bulgaria Your country or the country whose license applies in your legal jurisdiction 
Established: 2019 The older the domain – the higher the possibility the company is trustworthy
Website: Omegafx.io Domain should be from local or international zones, no .xyz etc.
Financial Authorities Warnings: FCA, FMA, BCSC None
Contacts: Phone, e-mail Phone, email, social media, web form
If withdrawal is possible: Highly unlikely Yes
Fees: ·       $20 maintenance fee

·       Profit clearance $1.5-$5 fee

·       3.5% service fee

Transparent fees – list of spread and commissions
If Active on Social Media: N/A Often present on social media
Investor Protection: No Compensation fund

Regulation info

The first thing you notice is that the company didn’t have any regulations. Not even domestic ones. In general, you should be looking for FCA, BaFin or ASIC-regulated brokerages. Yet, the Omega FX scam broker is not in any of these registers.

In fact, the situation is completely opposite. this trading company is on the warning list of multiple regulators, starting with the most trusted FCA. But also, they were noticed and slammed by the Austrian FMA and Canadian BCSC.

Omega FX Profile

Important to realize is that even scam brokers can use trusted software. In this case, that is a favorite among traders, MetaTrader 4. With all of its advanced features, it is on top of the ladder when it comes to trading.

Yet, without adequate education and knowledge, it’s useless. That’s why it’s better to use sophisticated technology, such as an AI Analysis Bot and take advantage of brokerages.

Trading platforms: MT4
Account types: N/A
Financial Instruments On Offer:
  • Forex
  • Commodities
  • Indices
  • Shares
  • Cryptos
Maximum leverage: 1:500
Minimum Deposit: $250
Commissions/bonuses: N/A
Mobile app: Available
Desktop app: Available
Autotrading: Not available
Demo account: No
Education or Extra tools: None

Is This Broker Safe?

If you compare the omegafx.io with the company in our Ex sot review, you will understand the difference. But even without that, you already see too many irregularities in this brokerage. If you think about it, they wouldn’t be on so many warning lists if they are genuine.

How Does Omega FX Platform Reach Clients and Who Are They?

Everything these scam brokerages are doing is hard sales. They will offer you a free trial on their ads for the so-called auto-trading system. But once you register by phone and e-mail, the harassment starts. Unless you change your number they won’t stop calling.

Instead, many clients crack under pressure and try their services. Thus, very quickly they realize it’s far from the advertisement. Mostly they are pressured to deposit more and more money. Many of those victims are coming from:

  • France
  • India
  • Colombia
  • Italy
  • United States

Feel free to leave your opinion about the broker below. However, if you are already sick of swindlers and tired of learning about trading, there is a solution. Our AI Analysis Bot is available for testing where you can explore the full potential of Artificial Intelligence implemented in the trading world.

Deposits and Withdrawal Methods

In general, funding methods with Omega FX investment firms are quite standardized. You can choose between cards, wire transfers and e-payment options. Yet, depositing money with unregulated brokers usually doesn’t end up well. Yet, if you are using cards you are entitled to a chargeback within the first 540 days.

As for the withdrawal options, you can use the same methods. Thus, processing time and fees remain unknown with this anonymous broker. That’s exactly the part where you can expect most of the dirty tricks. But once you expand your knowledge by reading our Funded Engineer review you’ll know what to look for.

Reasons To Avoid This Company

If you didn’t realize already, let us sum it up. Primarily, the broker is not regulated. But even without regulation, their trading conditions are quite mysterious. Another sign is the warning from the FCA. But also from the FMA and BCSC. Indeed, you can’t have hope with such a brokerage.

After all, the company didn’t have transparent withdrawal policies or fees. Everything leads to the conclusion that the company is just designed to extort as much money as possible and disappear. Which is exactly what happened. To learn how to avoid these situations, check our Traderseed review.

How Can I Make Money While Trading Online?

In the past, traders were taking years to learn how to trade. Nowadays, you can see many youngsters below 25 years of age making tons of money. It’s not because they understand the market, but because they are using the right tools. Like in any business in the world, technology makes everything more efficient. The situation is the same for traders who are using our AI Analysis Bot.

If you are tired of learning different patterns and strategies, but also listening to so-called specialists, get in touch with us. Our dedicated team can show you the advantages of this tool and help you improve in trading drastically. Most importantly, the first consultation with us doesn’t cost you anything. So, what are you waiting!? Contact us now.

FAQ Section

Is Omega FX Regulated?

Not at all. Neither by domestic FSC nor any other Tier 1 regulator like FCA, BaFin or ASIC.

Is Omega FX Trustworthy?

Definitely not. Especially not without adequate licenses and transparency about trading conditions. That’s why we suggest you contact us for free consultations to find out how to trade safely.

Can I Withdraw My Funds From Omegafx.io?

No. The company vanished and you can only use alternative refund methods. But to start trading properly or with our AI Analysis Bot, contact our specialists for advice.

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