Score

1.45 /10
Danger

Omega Fx Options

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.54

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Omega Fx Options INC

Company Abbreviation

Omega Fx Options

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Omega Fx Options · Company summary

General Information & Regulation

Omega Fx Options, a trading name of Omega Fx Options INC, presents itself as a binary options broker regulated by the CFTC, the IFSC of Belize, as well as the Cyprus Securities and Exchange Commission. It is based in New York, United States and was established in 2017. The broker also claims to provide its clients with a wide range of tradable cryptocurrencies with three different investment packages and 24/7 customer support service.

Market Instruments

Omega Fx Options advertises that it mainly offers cryptocurrency trading, including Bitcoin, Omega Fx Options, Degitalcash, Ethereum, Stellar and Ripple.

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Investment Packages

There are three investment packages offered by Omega Fx Options, namely Bronze, Silver and Gold. Starting a Bronze package requires the minimum initial investment amount of $1,000, while the other two investment packages have much higher minimum initial capital requirements of $1,600 and $4,000 respectively. The broker also claims that every investment package can enjoy unlimited trading signals.

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Trading Platform Available

Omega Fx Options states that traders can be assessed from various devices such as phones, tablets and PC. However, there isnt anything about available trading platforms specified on its official site. Anyway, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Omega Fx Options says to accept deposits and withdrawals only via crypto wallets of Bitcoin, Litecoin and Ethereum. And the broker claims to add other crypto wallets in the future if traders are interested in other currencies. The minimum deposit requirement is said to be $1,000, which is much higher than other most brokers. As for withdrawal requests, different investment packages can enjoy quite different withdrawal times. In particular, clients on the Bronze package can enjoy 3 withdraw requests per week, while the Silver package with 7 withdrawal requests per week and the Gold package with 14 withdrawal requests per week.

Bonuses

Omega Fx Options claims to offer Start Up Bonus for different investment packages. For example, the Bronze package is equipped with a $2,500 Start Up Bonus, while the Silver package is with $5,500 and the Gold package is with $15,500, yet we cannot be sure if the bonus is available without any condition.

Customer Support

Omega Fx Options customer support can be reached by email: support@omegafxoptions.com, live chat or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook and YouTube. Company address: 10004, Battery Park, New York, USA.

User Reviews

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User comment

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moon3794
more than one year
I wouldn't recommend Omega Fx Options to anyone. Their customer service is terrible; they didn't address any of my questions. They closed my account without explanation and still haven't refunded my deposit after promising to do so within 10 days.
I wouldn't recommend Omega Fx Options to anyone. Their customer service is terrible; they didn't address any of my questions. They closed my account without explanation and still haven't refunded my deposit after promising to do so within 10 days.
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2024-02-07 16:43
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FX1414949242
more than one year
I was initially excited to try out Omega Fx Options as a forex broker, but I was really disappointed when I found out that their minimum deposit requirement is $1000. As a small-scale trader, this amount is quite high for me and I was unable to meet their requirements. I hope they can lower their minimum deposit in the future to make it more accessible to all traders.
I was initially excited to try out Omega Fx Options as a forex broker, but I was really disappointed when I found out that their minimum deposit requirement is $1000. As a small-scale trader, this amount is quite high for me and I was unable to meet their requirements. I hope they can lower their minimum deposit in the future to make it more accessible to all traders.
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2023-03-23 10:15
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