Note: OMEGA FX's official website - https://www.omegafx.io/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
OMEGA FX is an unregulated broker registered in the United Kingdom. It offers over 40 currency pairs and CFDs trading on various asset classes with leverage as high as 1:500 and spread floating around 3 pips via the leading MT4 platform. Demo accounts are available and the minimum deposit requirement to open a live account is as high as $250.
Pros and Cons
Is OMEGA FX Legit?
No, OMEGA FX has no valid regulations. Please be aware of the risk!
What Can I Trade on OMEGA FX?
OMEGA FX Fees
OMEGA FX charges a variety of fees:
- $20monthly maintenance fee, if the account has been inactive for more than two months is subject to a monthly maintenance fee of $50;
- If the account is not verified within 30 days of the initial deposit, it will be charged a $20 fee;
- A profit clearing fee ranging from $1,5 to $5 per successful trade;
- A 3.5% service fee;
- All withdrawals are not less than $30;
- And brokerage fees, commissions, swaps, special services, and other fees.
Leverage
OMEGA FX offers leverage up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform
OMEGA FX provides MT4 for investors to trade. MT4 (MetaTrader4) is a popular Forex trading software that offers web and mobile versions.
Deposit and Withdrawal
OMEGA FX accepts payments via Visa, MasterCard, wire transfer, Bitcoin and the popular e-wallet Astropay.
2023-02-20 14:22
