OMC Markets is an unlicensed Crypto & Forex CFD provider that opened way back in 2018.
Complaints and withdrawal issues you can read about here.
OMC Markets Reviews
Are review of OMCMarkets shows that they offer the Crypto / Forex trading software made by Airsoft. It is a simple web based CFD platform, with no ability to use the classic MT4 software or any mobile trading apps. If you look at the screenshot below, you will see what their web-based trading platform looks like. Over 180 underlying assets are available for CFD trading including; Bitcoin, Ethereum, Currency pairs, Stocks, Commodities and Market Indexes.
OMC Markets’ website and trading platform is available in English and German. To start trading, they require you deposit a minimum of $250. Although you can deposit money with a credit card denominated in USD, EUR or GBP, your account will be in Tether. They also accept deposits in Crypto Currency.
Get Rich Quick trading system and software like Tesler App, advertise with Fake News articles and illegally use the images of Dragons Den actors. Before falling victim of one of those scams, read this.
Is OMC Markets a Licensed Broker?
No, OMC Markets is not a licensed broker. The FCA warned investors about this broker on November 28th 2019, see here.
Scam Broker Investigator uses a simple method to determine if the Forex broker is legal or a scam broker. We look to see if the broker is licensed and regulated by anyone of these regulators; FSB South Africa, FCA United Kingdom or ASIC Australia.
They are operated by: Personal Found Ltd, and located at; 17 Andrey Nikolov Street, Ground Floor, Office 4, Sofia, Bulgaria. They list contact phone numbers in England of: +443300271542, and a contact email address of: [email protected]. Official website is at: https://www.OMCMarkets.net/.
On the disclaimer page of OMC, they specifically state that they are not regulated or licensed in the United States, Europe, France, Canada, Australia or Israel. You should instead look at the popular brokers that are licensed and insured, see here.
“ASIC urges all investors considering trading in Forex to check they are dealing with an entity that holds an Australian financial services license.”
https://asic.gov.au/
Compare Legit Brokers
There are hundreds of Crypto and Bitcoin CFD brokers to choose from online, so first look at the best brokers.
ForTrade are the best brokers for starters. They are regulated by the FCA in London, look here. Try a Free Demo of their award winning trading platform, signup here.
Are you an existing client of this broker? Please share your investing experience, with new investors reading this review.