Name: Omega Options
Website: omegaoptions.com
Price: Minimum $250 deposit, but you can deposit more than $150,000
Omega Options Review
Omega Options was established in December 2015. They are operated by the company Alpine Capital Ltd, which is in the United Kingdom.
Omega Options is a binary options web based trading company, which is basically where you bid on trades in the market and try to make money. However, there is no guarantee that you will make a lot of money doing this. There have been quite a few companies lately that are starting to do binary options trading ( Push Money App , The Money Glitch , etc.), but the question is, will it make you successful?
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What is Omega Options?
The platform that Omega Options operates on is called the Panda Trading Systems, just like most of the new brokers. There are 200 assets to trade from these categories; commodities, currency pairs, stocks, and indices.
There are four types of trading options.
- High/Low
- One Touch
- Range
- Hyper
Their Hyper Options have expiration times anywhere from 30 seconds to 10 Minutes, and the returns they offer on their options range from 60-85%.
Omega Options has a really good looking site, better than other binary options websites. Here’s how it works. First you sign up by filling out a detailed registration form. They send you an email so you can verify your email address, and once you click the link it takes you to sign in to your Omega Options dashboard. In order to start trading you have to have money in your account. The minimum amount you have to deposit depends on the type of account you have (see below). Then you simply bid HIGH if you think the asset will go up in value, or LOW if you think it will drop. However, there are no guarantees with these bids.
You have to understand the withdrawal procedure! Sometimes you will not be able to withdrawal any earnings.
Pros and Cons of Omega Options
Pros
- Lots of payment options
- You can get a refund if you want one (it just takes a couple weeks)
Cons
- New online broker
- No demo account available
- Not regulated or licensed (not good)
How Much Does Omega Options Cost?
There are 9 different types of accounts to choose from at Omega Options. These include..
- Micro – $250 minimum deposit
- Standard – $500 minimum deposit
- Silver – $1,000 minimum deposit
- Gold – $5,000 minimum deposit
- Platinum – $10,000 minimum deposit
- Diamond – $25,000 minimum deposit
- Mini-Corporate – $50,000 minimum deposit
- Corporate – $100,000 minimum deposit
- Managed Accounts – $150,000 minimum deposit
Bonuses
Omega Options has bonuses that range from 25% to 150% . This is NOT free money.
You have to do a certain amount of trades after accepting the bonus before you can withdraw anything from your account. You will not get that money without risking your own money. There are 2 payment options, credit card or wire transfer.
The minimum withdrawal requirement is not clear. To make a withdrawal you have to complete a withdrawal form, and your money will be sent to the same account that was used for making the deposit. Withdrawals are usually processed within 5-7 business days.
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Omega Options Tools and Training
Omega Options has an educational center that has tools and basic learning materials on binary options trading. They have an app you can use for mobile trading, which is great for on-the-go.
There are 27 videos of training on various types of subjects, including How It Works, Binary Options Advantages, Saving and Investing, etc. There are also an E-Book, webinars, tutorials, lessons on strategies, and a section for tools. However, the tools are not available as of yet.
I honestly learn better if I have help from other people that are successful, but Omega Options does not provide very good help from other successful traders. They just expect you to do the tutorials and know exactly what to do after that, which I do not like.
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Omega Options Support
You can contact the customer support team at Omega Options in a number of ways. You can email them or call them toll free (available for countries). You can also fill out a contact form.
They have a live chat and Skype. Some of the sales reps are VERY rude, and they just want your money. However, I have found out recently that some of their representatives are really helpful, and they look out for their investors. Hopefully if you sign up, you will get a good broker.
Final Thought
I think Omega Options is a legit company, however I personally DO NOT recommend you use them! They have scammed some people out of money, but they have also helped some people make a small profit (not a large amount of money). There is too much risk in my opinion, and some of the brokers are not very helpful. However, you could benefit from the training since there is so much of it. However, if you are serious about investing in an online broker and you are willing to put in the time and effort, then you should check out Bloombex Options .
If you are looking for a way to make money online without investing any money initially, you need to check out my #1 ranked online business ! It shows you step by step how you can create an income online by building a website and focusing on your passion. It is the only way I have been able to make money online. I will also be there to help you on the inside if you decide to join!
Verdict
If you have any questions or have had experience with Omega Options, please leave a comment below!
Your Friend,
Karissa
Hi Karissa, BTW, I like the info you give out! For those residing in the USA, the best broker is NADEX. They are located in the loop area of downtown Chicago and your funds are held in a USA Bank, plus they are FULLY REGULATED. Most overseas brokers will take two weeks to deliver any withdrawals to your Bank account and many are NOT Regulated. Also, go to an accredited school and learn how to trade in this volatile system we call Binary Options Trading and then open a dummy account first and trade with virtual money. If you know how to trade, you can become very rich and know to leave your heart in the drawer because you will be losing trades along the way. All I say here is 100% legitimate information. OMEGA is legit too, but as an American, I would stay clear away from it. Probably, the best UK Broker is 24Options. Both Nadex and 24Options have a useful app for your internet device. Go learn as much as you can before jumping into the trading world…can not stress this enough! Thanks Karissa, Leich
Thank YOU Leich, great information 🙂
What does non licensed or non regulated really mean?
Hello Seth,
Being non licensed or non regulated means that the business or service does not have to obey official rules. It just gives that business the freedom to do what they want without repercussions. So if they did scam you, there is nothing anyone can do about it.
It is just better to join programs that are licensed and regulated.
Hi Karissa , I recently bought into the omega options, and I tried to get some uNader standing about this. I was told that I had already earned a little, but then the rep said OK Juanita ..and hung up. Please let me know what is
going on and help me.Thanks. .
Hello Juanita,
What a rude rep!
How do you know you earned some money? Have you made a trade with them yet? If so then it should show that you have earned some money in your account balance, and you can withdraw it as long as it more than what you deposited. I honestly do not like binary options trading, because they tell beginners they can make money fast when they really can’t.
Have you had experience with binary options trading before? If not I do not think beginners should join. If you are a beginner online you need to check out my #1 recommended program . It is free to join and the owners as well as the community of other online entrepreneurs will help you out. I will also be there on the inside to help you out.
I hope this helps!
Your Friend,
Karissa
Biggest scam I have ever been too
Thanks for the comment Jan!
I have been getting Guaranteed Profit Contracts email from Omega Options stating that if I put in 5000 I would be receiving 8750 upon expiry, GUARANTEED! Has anyone ever heard of such a contract?
Hello William,
I can almost guarantee that will NOT happen. They just want your money in there because that is how they earn commissions.
Hello,
This is regarding Omega Options, I don’t think they are a scam at all. I have deposited money and traded and made a withdraw of the profits I made. I made $1,000 profit with a $250 deposit and when I got to $1,250 I asked for a full with-draw of the account balance to my personal bank account. They made a $1,000 wire transfer which after fees from my bank and converting into British Pounds was £700.
I am very happy with these results to say the least!
Hello Lydia,
I am glad you were able to make money with this program. I just have one question, are you new to online trading? Or are you experienced at it?
I believe that this program is a scam because they make beginners online believe they can make a lot of money with just the click of a button, and that is simply not the case. You have to do a lot of work to make predictions and gamble your own money.
If you are good at it, more power to you. If you have no idea what you are doing then I would not use this system. Thank you for your feedback 🙂
Actually Karissa, when omega options broker called me he explained it exactly in the opposite way – he insisted that no one really makes money online with these “software” and that it takes seriousness and devotion to consistently be profitable. They don’t want you to trade on your own, they want to dictate your trading and manage your account. I personally did not have the money to invest at the time and the broker – his name was jonathan i think – advised me to withdraw my 250 buck back to my bank, which i did. just my 2 cents.
Mark
Thanks Mark,
I am glad they advised you to put the money back in your bank and that they explained how much work and dedication goes into it. However, I do not think all of the brokers do that, because they make it look really easy in the video so you will invest. They are getting better with their software, but I still believe some of the brokers are not as genuine. I am glad you had a good experience!
-Karissa
Same story with me. I invested $4500 with one of their junior broker. I lost some, gained some, and overall came out with a minor profit (admittedly, I also caused some of those losses my own trying to trade on my own). When I needed the money my broker (Adam Miller) refunded my debit card for 4500. it took them like 2 weeks until the funds came in, but the money did come back to me.
Thanks Arnold,
I am glad you had a good experience with them and that you were able to get your investment back. It seems to me like they are getting better with their customer service and return on investment. If you are willing to gamble then you just need to do your research, but I’m still not sure if I would trust the brokers. I will update my post, thanks for the feedback!
-Karissa
Go to http://www.ic3.com and file a complaint. This is the FBI site. If they get enough complaints they will after them.
Thanks Edward!
I have invested with Omega Options and I put $9000 + my original $250in and the broker chipped in another $4500. He made 2 high/low plays for me ($7750 and $6000). We won the higher play and lost the lower play. The higher one paid out a total of over $12000. The broker said we had insurance on the 2 play, so I got a bonus of $9900. He is supposed to call me this evening with another trade. I’ll let you know how it goes, but all of this doesn’t feel right.
I was reading on the website that if you want to withdrawal any money, you had to make 20 to 50 times the bonus that they add in for you. I think I was reading that rught.
If I could get my original investment back, I would. My stomach has been churning constantly. We’ll see what happens, but I just don’t feel good about it.
Thanks for the comment Ray,
Wow $9000 is A LOT of money to gamble with. I really hope it works out for you and that you get your investment back. Let me know how it works out!
Pls Karissa do you know John Lucrosa. He is an online entrepreneur inviting the whole world to use OmegaOptins at a cost of $250 using a soft ware. I am not very convenant with the whole bidding environment Do you think this is a great investment ?
Hello Enun,
I personally DO NOT think this is a wise investment! I do not recommend it, but since some have seen success I do not want to say it’s a scam. However, I believe most people will not be successful!
-Karissa
I also deposited the 250 they asked for, and I asked for a refund and they are asking me for alot of info like pictures of Id, credit card, and utility bill, but I want to know if the website is a fraud before sending any of my info, please help
Hello Jose,
I think they are just trying to make sure it is you, and I don’t think they will steal your information. However, that is the reason I am not crazy about this program.
I hope you get your money back,
– Karissa
Dear Karissa,
I have tested the Omega Options and then I decided to cancell and withdraw my funds and it has been months ,I have not received my withdrawal yet. If I am asking them to return my deposit and they will not even do that how can I trust their legitimacy for larger funds.I have tried to contact them online and via their tel # 888-703-6158.
I was put on a qeue and when it’s your turn they drop the call ,you only hear the busy signal.
Hello Jasmin,
The thing about these online brokers is some of them want you to make a certain amount of money before you can withdraw anything. It is completely unfair, and one of the reasons I HATE binary options.
I suggest you contact your broker and raise some hell. In the future I would NOT invest in binary options. But if you really want to create an income online, check out Wealthy Affiliate and I will be there to help you along the way!
– Karissa