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.
The platform at Omega Tradenex is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since I opened my account last year of dealing with this, I have had enough.
Pros: Good mobile app|Fast execution|Wide product range
Cons: Minimum deposit could be lower|Would like more payment methods
My withdrawal from Omega Tradenex was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since last summer of being strung along.
Pros: Reliable uptime|Easy to use platform
Cons: Cannot customize dashboard fully
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Omega Tradenex recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: High security standards|Reliable uptime
Cons: Search feature is basic
Do not believe the bonus offer from Omega Tradenex. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through word of mouth in my investment club and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Fast execution|Regular updates|Good analytical tools|Copy trading available
Cons: No phone support on weekends
Tried to withdraw my funds from Omega Tradenex and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Blocked my account|No legitimate license|Fake returns