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OmegaPro-Overview of Minimum Deposit, Spreads & Leverage

OmegaPro Forex | 2021-11-23 17:55

Abstract：Founded in 2019, OmegaPro is an online broker registered in England with the company behind it called OmegaPro LTD.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature	Detail
Registered Country/Region	UK
Found	2019
Regulation	unregulated
Market Instrument	forex, indices, shares, commodities, ETFs, and options
Account Type	N/A
Demo Account	N/A
Maximum Leverage	500:1
Spread	N/A
Commission	N/A
Trading Platform	N/A
Minimum Deposit	$100
Deposit & Withdrawal Method	advcash, Bank Transfer, Bitcoin, UnionPay, Ripple Coin, MasterCard, USDT, and Visa

Founded in 2019, OmegaPro is an online broker registered in England with the company behind it called OmegaPro LTD.

Here is the home page of this brokers official site:

However, as a UK-based broker, not falling under the regulation of FCA, this entity is an unregulated broker.

Note: The screenshot date is January 29, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

OmegaPro offers 200+ trading instruments ranging from forex (70+ currency pairs, including major, minor, and exotic pairs), indices, shares, commodities, ETFs, and options.

Minimum Deposit

OmegaPro requires a minimum deposit of $100. Although this sounds reasonable, traders are not advised to register real trading accounts given the fact that OmegaPro is not regulated.

Leverage

The trading leverage offered by OmegaPro is 500:1, which is considered high. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

OmegaPro does not charge any commissions on trading and instead makes its profit via spreads. However, OmegaPro is vague about its spread conditions.

Trading Platform

When it comes to trading platforms available, what OmegaPro offers is not the MT4 or MT5 trading platform, maybe a proprietary platform. OmegaPro does not make this part clear.

Deposit & Withdrawal

In terms of payment methods working with OmegaPro, traders can fund their accounts through advcash, Bank Transfer, Bitcoin, UnionPay, Ripple Coin, MasterCard, USDT, and Visa.

Customer Support

OmegaPros website is multilingual, and its customer support can be reached through email: support@omegrapro.world, as well as some social media platforms including Twitter, Facebook, Instagram and YouTube. Company address: P.O Box 1510 Beachmont Kingstown St. Vincent And The Grenadines

Pros & Cons

Pros	Cons
• Various trading instruments and funding options	• No regulation
	• Clients from some countries are unaccepted
	• Lack of transparency

Frequently Asked Questions (FAQs)

Q 1:	Is OmegaPro regulated？
A 1:	No. It has been verified that this broker currently has no valid regulation.

Q 2:	At OmegaPro, are there any regional restrictions for traders？
A 2:	Yes. OmegaPro does not accept applications from residents of the U.S., Canada, Islamic Republic of Iran, GCC and the UAE. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Q 3:	What is the minimum deposit for OmegaPro？
A 3:	The minimum initial deposit with OmegaPro is $100.

Q 4:	Is OmegaPro a good broker for beginners？
A 4:	No. OmegaPro is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.

Leverage Currency Pair Dealer Broker Forex Broker Forex Currency pair leverage in forex forex market Stock indices commodities

Related broker

No Regulation

OmegaPro Forex

Company name：OmegaPro Forex

Score

1.43

Website：https://omegaproforex.com/index.php

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.43

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