OmikoTrade Broker Summary
- Overall Rating
Here at The Next Bitcoin you can learn about many trading platforms, one of them is OmikoTrade, we have concluded that OmikoTrade is a good trading platform, it is NOT a scam! Read our OmikoTrade review today and learn all you need to know about the OmikoTrade trading platform and why we recommend it for all traders.
Some metrics of the FX industry are mind-boggling. For example, the notional value of all derivatives alone is $585 trillion! It is a massive financial market that does not tolerate incompetence. If you want to work with a reliable broker, you should take note of OmikoTrade. It is a respectable brand and a brokerage service provider that has a rich catalog of diverse financial products.
Advantages of OmikoTrade
The broker provides many benefits to thousands of its retail traders from across the globe. To make sure that clients are happy and, what’s more importantly, remain profitable, OmikoTrade works tirelessly on building new products, and investment options, and making improvements to its infrastructure.
Here are some of the advantages appreciated by the client base of this broker:
- Retail traders enjoy low fees. Flexible spreads allow traders to find suitable instruments to work with. When you are subjected to low fees, even risky scalping techniques can be quite profitable and consistent. Note that the broker does not charge you for depositing or withdrawing.
- Flexible margin trading means that you control the size of leverage. If you can choose how much to borrow for a leveraged position, you can manage risks and make informed long-term decisions with more confidence.
- State-of-the-art technology. When it comes to the stability of the infrastructure, you will unlikely find a better broker. OmikoTrade offers you access to a powerful web platform where you can use conservative investment options alongside aggressive trading and trust management.
- Robust safety measures. The website uses an SSL certificate to ensure that all communications are encrypted. Antimalware and antiviral solutions are used to protect the backend from any cyber threat. User data is never shared with third parties.
Compatible trading terminals
OmikoTrade has a nice terminal of its own. It has standard technical indicators and many graphical overlays as well as broker-specific functions like one-click purchases. However, over 95% of all FX traders prefer using specialized applications.
- MetaTrader4 is the platform of choice for over 9 million retail traders and professional analysts from across the globe. MT4 is loved by the community because it can be expanded by free plugins, add-ons, and custom-made strategies that are tested by thousands of people.
- MetaTrader5 is the next phase of the evolution of MT4. While the new platform is way less versatile and flexible, it offers a great mobile version that can be used on Android and iOS devices. MT5 also has a more streamlined and polished interface appreciated by at least 1.5 million users.
How to deposit funds at OmikoTrade
All new customers are eligible for a bonus. These funds are added to your balance but cannot be withdrawn immediately. You must use the bonus for trading purposes. It is a great way to increase available leverage and trade more aggressively in the beginning thanks to a small safety net.
You can deposit money by using one of the following methods:
- Wire transfers are default payment options for EU and US retail traders. However, banks are less popular in Asia, the CIS region, and some other places.
- A debit card payment is the most convenient and, crucially, much faster compared to any other payment method. You can expect to see funds on your balance within minutes after sending money.
- Payment systems and cryptocurrencies are considered exotic methods and may not be available to you depending on where you reside.
How to withdraw funds from OmikoTrade
Only verified users can ask for withdrawals. You can receive money only from your bank account. Note that the credentials of the account must match the personal information provided to the broker during the verification process. Sometimes, withdrawals are delayed by up to 7 business days.
OmikoTrade is a highly reliable brand that has been around for many years. With its rich catalog of financial products and interesting investment offerings, the broker continues to remain among the best service providers in the FX industry.