Omers Finance review – 5 things you should know about omersfinance.ltd

Beware! Omers Finance is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Omers Finance tries to convince us that it represents an excellent forex broker that can guarantee its clients success in trading financial instruments. But even a basic fact check reveals that this website actually represents a very typical online scam. In this review, we will look at the evidence that this is not a legitimate broker and offer you trustworthy alternatives.

Omers Finance Regulation and safety of funds

Legitimate forex brokers provide clear and detailed information about the legal entity that owns and operates them, where it is based, what licences it has and which regulators oversee its activities. Lack of such details or improper presentation of them are always a red flag that we are probably dealing with a scam.

Omers Finance is anonymous – neither the website nor the legal documentation gives a legal entity name or contact address.

The Terms and Conditions specify Poland as the applicable jurisdiction, but such an anonymous website could not legitimately offer financial services in an EU country.

On the homepage of the website we see a statement that Omers Finance partners with cryptocurrency websites and financial regulators in the UK and Canada, but this means nothing.

More importantly, the French financial regulator AMF has blacklisted Omers Finance.

There is no doubt that Omers Finance is not a licensed broker. If you have decided to invest in financial instruments you have a choice of much more trustworthy options.

Depending on your location, it is advisable to choose a company that is regulated by an institution such as Commodity Futures Trading Commission (CFTC) in the US, Australian Securities and Exchanges Commission (ASIC), UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.  In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

Omers Finance Trading software

After registering an account, we get access to a pretty basic web trading platform that doesn’t feature extensive customization options or advanced functionality. We’ve seen the exact same platform being used by multiple fake brokers we’ve encountered. Scammers are using rigged trading software to fool their victims into believing that their money is really being invested and even turning a profit.

While the platform has the basic features for placing orders, customising charts and application of technical indicators, it lacks the more advanced functionality found in the most widely used trading platforms in the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Omers Finance Trading instruments

If the Omers Finance website is to be believed, this broker offers trading in forex, indices, stocks, commodities and cryptocurrencies. But as we have already seen, this is not a legitimate broker and we have no reason to believe these claims.

Omers Finance Spreads and cost of trading

In the trading platform we see a spread of 3 pips. This is double the industry average and is very disadvantageous to the trader. In addition, it is not clear if Omers Finance charges additional commissions.

Omers Finance Maximum leverage

High leverage of 1:100 is embedded in the Omers Finance trading platform. The website itself does not provide information on the basic trading parameters. Genuine forex brokers provide detailed information about the trading conditions. Legitimate companies also offer different account types to suit clients with different experience, capital and investment intentions.

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Omers Finance Deposit and withdrawal methods

At the time of writing this review the deposit menu was not active. We were therefore unable to ascertain what payment methods were available.

Experience has shown that fake brokers routinely advertise conventional payment methods, but actually steer their potential victims towards cryptocurrency transactions. This not only guarantees them anonymity, but also deprives the defrauded of the option to request a refund or chargeback.

While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

Omers Finance Minimum deposit

Omers Finance requires a minimum investment of 250 USD. For the same or often a much lower amount, you could open a trading account with a licensed and established broker, including the industry’s leading brands.

Omers Finance Withdrawal requirements

If the account has been credited with a bonus,, the trader will be required to execute a minimum trading volume of (bonus amount + Deposit) x25. This is a typical scam clause designed to block any withdrawal requests.