OMEGA FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-27 15:35

Abstract：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.

　　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 FXReview Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	No regulation
Market Instruments	Currencies, CFDs
Demo Account	✅
Leverage	Up to 1:500
Spread	3 pips
Trading Platform	MT4
Min Deposit	$250
Customer Support	Tel: +44 1773317266
	Email: support@omegafx.io
	Company address: 1700 City of Sofia Municipality, Studentski District, 11 Prof. Hristo Danov Street, Entr F, Office 6, Bulgaria

　　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

Pros	Cons
Demo accounts	Inaccessible website
MT4 support	No regulation
Popular payment options	Wide spreads
	Various fees charged
	High minimum deposit

Is OMEGA FX Legit?

　　No, OMEGA FX has no valid regulations. Please be aware of the risk!

What Can I Trade on OMEGA FX?

Tradable Instruments	Supported
Currencies	✔
CFDs	✔
Bonds	❌
Options	❌
ETFs	❌

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.