Omega Options was established in December 2015, is owned by Alpine Capital LTD., which is based in Liverpool, United Kingdom.
When I first came across this binary options broker I was a bit skeptical since the company is relatively new, but I decided to give Omega Options a shot and made a deposit. After trading on their platform for a few weeks, here's my honest personal review.
Trading With Omega Options
Omega Options offers four types of trading accounts, which include Standard, Gold, Platinum and Diamond accounts. To test this broker out, I deposited the minimum $500 required to open a Standard account. The higher-tier accounts require deposits of $5,000, $10,000, and $25,000 respectively. The sign up process was quick, simple, and I didn't need to submit any personal documents until I was ready to make a withdrawal.
I was immediately glad to see that Omega Options runs on the Panda TS trading platform, as opposed to the SpotOption platform. Through Panda TS I was able to trade High/Low, Range, One Touch, and Hyper options. Looking at the payouts, I noticed Omega Options offers returns ranging from 60% – 82% for High/Low and Hyper options, which is considered average.
While I'm personally not a huge Range or One Touch option trader, the payout potential was just too high for me to resist. With payouts up to 200%, I was able to find plenty of profitable opportunities. After all, Omega Options offers over 100 trading instruments, so there's a lot to work with.
I was also surprised that Omega Options places such a big emphasis on helping their clients properly manage their trading funds. They have several risk-management tools that make it easy to limit risk and maximum gains. Through their Buy Me Out, Double Up, and Rollover trade features, I was able to save a lot of trades that would've ended out of the money and double down on trades I knew were winners.
I spent the majority of my time trading High/Low and Hyper options, and made a few trades on One Touch and Range. I'm not much of a social copy trader, but I did manage to squeeze a few profitable trades out of their in-house social trading feature. All-in-all, after trading with my $500 deposit for a few weeks, I managed to make a profit of $226, for a total account size of $726.
With this, I placed a withdrawal request after submitting my required documents for a payment of $200. Only four days later, the money was sitting in my bank account. While it's not the best binary options broker currently on the market, I found Omega Options to be a trustworthy broker worth the price of admission. All-in-all, I highly recommend trading with Omega Options.