Is Omenda a scam broker?

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Omenda is owned and operated by Claripeak Ltd. They are binary options broker located at St. Vincent and the Grenadines. The broker was established in 2016 by a team of professionals with technology and software engineering background. They are unregulated brokers.

Omenda works on one of the popular trading software Panda TS. They use advanced software which considerably simplifies navigation and offers user-friendly interface. No downloading and upgrading required. Few features of the software are traders and investors can see their banking history, make deposits/withdrawals, upload required documents and edit their data.

Underlying assets offered by Omenda includes commodities, currencies, stocks, and indices. Accepted currencies are USD, GBP, EUR, JPY, and RUB. Binary options available are high/low, one touch, range, 30 and 60 seconds, 2, 5, and 10 minutes. Returns are between 60 to 85 percent depending on the asset.

For live chat one has to first register by providing name, email, and phone number. Live chat is one of the fastest methods of communication with the broker. Other communication options are phone, email and contact form available on site. Presently it is available only in English.

On education front, they have tutorial and guide which helps improve binary trading skills. There are E-books, videos, and other interactive courses. All this is available under academy tab. The affiliate program is also available.

The bonus money is an option available with Omenda. Many investors/traders do not under the implication of accepting the bonus. For withdrawing amount your trading volume must be 30 times the bonus. Traders should read terms and conditions very carefully and understand it very clearly. It is because that people opt for bonus and then have a lot of complaints while withdrawing the amount.

The initial amount is $250 to start trading binary options. There is only one trading account. There is a demo account which is helpful to new traders as they can enhance their trading skills. Payment methods are credit card (Visa, Maestro, and MasterCard), bank wire transfer, E-wallet Skrill and Netteller.

Omenda is a scam broker because as soon as the trader requests for withdrawal, the bonus is added to his account on one pretext or the other. Then he has to make a turnover of 30 times and this cycle goes on. Later they put your account on hold and if after two months there is no business on your account they have the right to cancel it, stick and the carrot policy.

It is not a regulated company from any of the known regulatory authority like CySEC, ASIC, FCA, or CFTC etc. Dealing with an unregulated broker is always risky. Most of the online scam is committed by unregulated companies and one cannot complain anywhere.

You can go through comments and reviews on different sites and every trader are facing more or less the same situation. Difficulties while withdrawing or if requested for withdrawal account balance suddenly decrease very fast, or unable to withdraw because of bonus and things like that.

Omenda is a scam broker and has in its short span of operation have swindled many traders. If you are a victim of Omenda scam you can contact MyChargeBack to retrieve your money. MyChargeBack works on details along with you. MyChargeBack team is formed by professionals who have extensive financial, legal and regulatory background.

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