Omega Tradenex has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Omega Tradenex has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Reliable uptime|Low minimum deposit|Two-factor authentication
Cons: Onboarding videos are outdated
I trusted Omega Tradenex with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: API access|Real-time alerts|Instant funding
Cons: Onboarding videos are outdated
I closed a profitable position at Omega Tradenex and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Educational resources|Excellent charting
Cons: Limited social trading features
I opened an account with Omega Tradenex for about ten months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: API access|Full transparency|Comprehensive tools|Segregated accounts
Cons: Limited cryptocurrency options|Onboarding videos are outdated
After spending for a few weeks now trying to make Omega Tradenex work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Stable platform|Smooth onboarding|No hidden fees|Full transparency
Cons: Live chat only during business hours
I was about to invest with Omega Tradenex but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I wanted to transfer my portfolio from another broker to Omega Tradenex. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Educational resources|High security standards|API access
Cons: Search feature is basic
Do not use Omega Tradenex for anything serious. I used them for just over a year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Risk management tools|Clear documentation|Quick verification|Instant funding
Cons: Inactivity fee applies after 12 months|Limited ETF selection
Omega Tradenex changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Good mobile app|Educational resources
Cons: Limited cryptocurrency options
Omega Tradenex has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Regular platform improvements|Great customer service|Intuitive for beginners|Wide product range
Cons: Would like more payment methods