OmegaPro Review 2020
OmegaPro is an online trading broker that offers forex, indices, commodities, ETFs, shares, and options for trading online via the brokers proprietary trading platform.
OmegaPro Review 2020, Pros & Cons
- Proprietary trading platform
- Multiple trading instruments
- Various account funding options
- Unregulated broker
- No US clients
- Limited trading tools
- No MetaTrader platforms
- No contact telephone number
- No online live chat support
In this detailed OmegaPro review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
OmegaPro is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including OmegaPro.
OmegaPro Review: Summary
Since its launch in 2019, OmegaPro has been catering to the trading needs of clients from over 100 countries. Its next-generation trading platform gives traders access to trade over 200 tradable assets, such as forex, commodities, indices, ETFs, Options, and shares.
OmegaPro Review: Regulation
OmegaPro (SV) Limited is incorporated in Saint Vincent and the Grenadines as a brokerage company with registration number 25857 BC 2020. They are not regulated by any known financial authority.
OmegaPro Review: Countries
The broker does not accept applications from residents of the U.S, Canada, Islamic Republic of Iran and UAE. The information on the broker’s website is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
Some OmegaPro features and products mentioned within this OmegaPro review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
OmegaPro Review: Trading Platforms
The broker provides clients with the OmegaPro trading platform, which is a next-generation trading platform that can be easily tailored to suit your trading needs and strategies. The OmegaPro trading platform is available as a desktop application for Windows and Mac computers, a web trading terminal, and a mobile trading app that is compatible with Android and iOS devices.
OmegaPro Review: Trading Tools
The broker does not have any established standalone trading tools at the moment.
OmegaPro Review: Education
OmegaPro provides traders with a selection of educational materials to help improve their overall trading knowledge and skills. The resources include video tutorials, newsletters, and a frequently asked questions section that gives instant answers to traders’ most common questions.
OmegaPro Review: Trading Instruments
The broker gives traders access to trade over 200 tradable assets, such as forex, commodities, indices, ETFs, options, and shares.
OmegaPro Review: Trading Accounts & Fees
OmegaPro offers a variety of trading account options, which are designed to suit the trading needs of traders of all experience levels. The broker also has various trading packages for affiliate partners.
As broker fees can vary and change, there may be additional fees that are not listed in this OmegaPro review. It is imperative to ensure that you check and understand all of the latest information before you open an OmegaPro broker account for online trading.
OmegaPro Review: Customer Service
OmegaPro provides clients with a professional support team. They can be reached via email, or by visiting their office in Kingstown. The support team is also on selected social media handles: Instagram and Facebook.
OmegaPro Review: Deposit & Withdrawal
The following payment methods are accepted at OmegaPro:
- Bank Transfer
- Credit/Debit Cards — such as Visa and MasterCard
- Online Payment Processors — including UnionPay, and more
OmegaPro Review: Account Opening
To open a trading account, you are required to fill an account opening application form and submit along with all the required identification documentation. The broker will send you a notice informing you whether you have been accepted as a customer of the company.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
OmegaPro Review: Conclusion
Based in Saint Vincent and the Grenadines, OmegaPro offers over 200 trading instruments for trading online via its proprietary trading platform. There is a selection of educational resources and a dedicated customer support team to assist traders. However, the lack of regulation woud be a red flag for many potential clients.
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary.