OmegaFX was an unlicensed CFD & Forex broker that officially launched on April 27th 2019. As with all unlicensed brokers, their website no longer works!
For complaints and withdrawal problems, read this.
OmegaFX Broker Review
Our review of the new brokers OmegaFX shows, that they offer their day traders and investors a CFD trading platform called TraderSoft. Their website is available in English, German and Italian. We checked for the MT4 trading platform, and mobile trading apps, but those were not available at this time.
You should use a regulated MT5 broker, look here!
Investors will find hundreds of underlying assets available for trading in the categories of Crypto Currencies, Forex Pairs, Individual Stocks, Commodities and Stock Market Indices. Standard leverage on Forex pairs like EUR/USD is 300:1, and the spread is 3 pips. Bitcoin, Litecoin, Ethereum and Ripple CFD’s are available for trading with BTCUSD spreads around $70. Minimum deposit for a new trading account starts at €250.
Automated trading robots are not provided directly at OmegaFX, but chances are your account with created for you by a trading software. Before believing a “Fake News” article your read on Facebook, learn how the scams operate, read more.
Do OmegaFX Brokers Have a License?
No, OmegaFX is not a licensed broker.
OmegaFX is owned and operated by: Energy Capital Group Limited, they are located at: 1700 City of Sofia Municipality, Studentski District, 11 Prof Hristo Danov Street, Entrance F, Office 6, Bulgaria. Contact phone number in United Kingdom is: +441773317266, and their customer support email address is; [email protected]. Official website is: https://www.omegafx.io/. Their payment provider is located at; 4 Parda St., Downtown District, Harju County, Tallinn, 10151, Estonia.
Investors researching a new Forex broker to determine if the broker is legitimate or a scam, will always check for a valid license. Only brokers that are regulated by ASIC in Australia or the FCA in United Kingdom are legitimate places to invest. The FCA warned investors, not to use this broker, see here.
When choosing an online Forex broker, it is also very important to verify that they are actually licensed for investors in your country of residence. Trading with a licensed broker ensures you will not have issues withdrawing your investment, read more.
Compare Forex Brokers
You can pick from hundreds of Forex brokers online, but most investors choose one of the top rated brokers you will find listed here.
What was your experience like investing with OmegaFX? Please leave your review in the comments below.