OMC MARKETS REVIEW

The offshore CFDs and FX broker OMC MARKETS offers a wide variety of assets. These include commodities, bonds, shares. precious metals, cryptos, and ETFs. Follow this OMC MARKETS review before trading with this broker.

About OMC MARKETS:

While trying to test brokers provided platform with a demo account, we found many assets and mindblowing selection of FX pairs. The FX pairs offered include Rand, Lira, Singapore Dollar, Krona, Rubble, Zloty, Krone, Mexican Peso, Shekel, Forint, Honk Kong Dollar, Danish Krone, and Chinese Yuan. Making a total of fifty-two FX pairs.

The broker also offers CFDs on gold, silver, platinum, and palladium, wheat, sugar, natural gas, oil, soybean, corn, coffee, cotton, cocoa, shares EFTs. It also features CFDs on major and minor binary options. These include Zcash, Ripple, Monero, Stellar, QTUM, Tron, NEO, Litecoin, IOTA, Ethereum, Ethereum Classic, EOS, Dash, Bitcoin, Bitcoin Gold, Bitcoin Cash, and Cardano.

The provided leverage at OMC MARKETS is 1:200. Traders will be attracted to such leverages and can opt for an aggressive trading strategy. Such higher leverages are bound to risk. It is advised that the traders must be cautious while dealing with leverages higher than 1:100.

Traders can start trading at OMC MARKETS with a minimum deposit of $ 250. Which is considered appropriate according to the current market. Many reputed and regulated brokers can avail the same services at a very low cost.

At OMC MARKETS funding can be done with all major cards, readily available e-wallets, and also with a wire transfer. There is also provision for Bitcoin payment as such transactions are getting popular nowadays.

The Personal Found Ltd situated in Bulgaria is the proud owner of OMC MARKETS. Sadly, the broker does not fall under the licensed and regulated broker category to provide financial services in the controlled markets. Such controlled markets are the USA, EU, Japan, and Australia few to name. The regulation is a critical aspect of consideration while trading online. Regulated brokers need to follow the strict rules imposed on them.

The broker OMC MARKETS offers many bonuses but traders must be extra cautious when accepting bonuses. Because such bonuses are entangled with rather unusual withdrawal conditions such as maintaining certain trading volume. At OMC Markets to avail, 100 $ bonus trader must need to reach a trading volume of 125000 trade volume.

While testing provided demo account the spreads of about 3.5 pips were observed on prime FX pair EURUSD which was fluctuating. This provided spread is considered way higher than anticipated. The spread below 1.5 pips is considered acceptable.

The broker OMC MARKETS also struggles to offer its trader's popular and trusted MetaTrader trading platform. Instead, it offers a web-based trading terminal that is more likely a binary options platform. Such platforms are banned in the EU markets.

Is OMC MARKETS scam or legit?

The broker under discussion is an unregulated and situated offshore. The trading conditions are unattractive with low credibility. We are treating this broker as a forex scam.