Omega Options was a binary options broker that started in December 2015. Omega Options is managed by Alpine Capital LTD, which is located at Horton House Exchange Flags, Liverpool, United Kingdom, L2 3PF. The site is actually registered in British Anguilla.
Their phone numbers are: United States: (888) 703-6158, Canada (855) 462-5201 and United Kingdom +44 151 701 0033. Their email address is [email protected]
Warning: This broker is not licensed or regulated by the CFTC. Use Nadex instead.
Read this to see why smart people only use licensed brokers.
Scam Trading Software
We found OmegaOptions because we signed up for the scam trading software called Vena System.
WARNING: Don’t use a fake trading robot, or you will lose your money.
There are many trading systems that work with licensed brokers, see here.
Omega Options Review
Like many new brokers, you can see that Omega Options is offering traders the Panda Trading Systems software for binary options trading. This trading system give you almost 200 financial assets (stocks, commodities, currencies and indexes) to trade binary options. Omega Options offers four types of binary options; High / Low, One Touch, Range and Hyper. The Hyper Options are available in; 30 Seconds, 60 Seconds, 2 Minutes, 5 Minutes and 10 Minutes increments.
Returns range from 60% – 85% depending on the option and expiry time. We see that their mobile apps are still “coming soon”.
The minimum trade size is only $5 and the maximum trade size is $10,000. The smallest account type calls for a $250 minimum deposit.
Omega Options Bonus
You will notice on the account types page that there are various bonus amounts given with each account level.
For a new trader this sounds like free and easy money. The problem is that you cannot withdraw your funds until you meet certain trading volume requirements. It is important to read the terms and conditions page at the broker, to be aware of what those requirements are.
Omega Options License
The first thing most traders look for when choosing a binary options broker is a license from CySEC, ASIC or the CFTC.
When we reviewed Omega Options, we did not find a license. As they state in their terms and conditions page, they follow the laws of British Anguilla, so any issues would need to be resolved there. Their payment processor is Fortune Capital LTD, Tskneti 6, Tbilisi, Georgia .
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