Read the rest of this Omega Options review to find out more.
Omega Options Review
Omega Options, along with several other brokers, runs on the Panda Trading Systems platform.
Their platform offers traders access to nearly 200 financial instruments from a variety of markets. Everything from stocks and currencies to commodities and major indexes are tradeable through Omega Options. There are very few brokers who offer this many financial assets to trade.
This broker doesn’t get too crazy with the types of binary options trades they offer. They keep it simple by offering classic High/Low options, One Touch options, Range options and Hyper options. Hyper options encompasses various smaller time expiries, such as: 30 and 60 seconds, 2 minutes, 5 minutes and 10 minutes.
The percentage returns they offer are also decent, being in the average range of 60% – 85% depending on the expiry time and asset selected. Omega Options is also currently developing an app for easy mobile access, which is always a plus.
I do like the fact that their minimum allowed trade size is $5, which is a good way to get some practice or test a new system. But I will consider the fact that in order to open up their smallest account, you would need a $250 minimum initial deposit. But then again, making $5 micro trades can easily help you manage your account.
Omega Options Bonuses
I have said many time that I feel taking the bonus as a newbie with a large account isn’t a great idea. If you have a smaller account, then go for it. The bonus amount a trader is eligible for depends on the type of account they open when they join Omega Options. Here’s Omega Options bonuses guidelines:
Micro account – ($250 minimum deposit and 25% bonus)
Standard account – ($500 and 30% bonus)
Silver account – ($1000 and 40% bonus)
Gold account – ($5000 and 60% bonus)
Platinum account – ($10,000 and 100% bonus)
Diamond account – ($25,000 and 150% bonus)
Mini corporate account – ($50,000 and 150% bonus)
Corporate account – ($100,000 and 150% bonus)
Managed account – ($150,000 and 150% bonus)
But as always make sure to read the fine print of their bonuses to know what exactly you’re getting into.
So is Omega Options a scam? I haven’t personally had first-hand experience with this broker, and I’ve seen both good and bad reviews, so I cannot make any claim without fully experiencing this broker.