OMC Markets Review (2023)

Is OMC Markets a scam or legit broker?

No, it is not safe to trade with OMC Markets. It is owned and operated by Eventuall Limited, and claims to be located in Montenegro.

The broker offers a forex trading platform with access to trade over 20 currency pairs, stocks, indices, commodities, CFDs, also including Cryptocurrencies. Even though the possibilities of the company seem to be quite attractive and promising, there are concerns about the legit status of the firm.

Being located in Montenegro, the OMC Markets does not hold any financial license to offer its service across major markets. Apart from the legitimate status, the unauthorized nature of trading inflicts the highest risk to lose funds due to the fact that none of the authorities check on the implemented safety measures and protective tools. Therefore, the OMC Markets or any other non-regulated broker may use and manage client’s money in any manner with no imposed consequences.

Besides, the evidence from the engaged traders shows a negative side from the OMC Markets offering, while traders faced issues while requesting withdrawals or manipulations on the price feeds. In addition, the company uses hard targeting tactics, while trying to attract potential clients to their trading rows.

We advise all investors and traders to avoid OMC Markets and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and XM.com.