OmegaPro is a company that claims to offer a variety of financial services, including forex trading, binary options trading, and cryptocurrency trading. However, there are a number of red flags that suggest that OmegaPro is a scam broker.
Company Overview
OmegaPro was founded in 2019 and is headquartered in Beachmont Kingstown, Saint Vincent and The Grenadines. The company’s website claims that it has over 2 million members worldwide, but there is no evidence to support this claim.
Team
The OmegaPro team is made up of a number of anonymous individuals. The company’s CEO is known as David Williams, but there is no information available about his background or qualifications.
Services or Products
OmegaPro offers a variety of financial services, including:
- Forex trading
- Binary options trading
- Cryptocurrency trading
- Education and training programs
- Affiliate marketing program
However, there is no evidence that OmegaPro is actually able to provide any of these services. The company’s website does not have any real-time trading charts or market data.
License and Regulations
OmegaPro is not regulated by any major financial regulator. This means that there is no government agency that oversees the company’s activities or protects its investors.
In fact, OmegaPro has been warned by several financial regulators, including the Financial Conduct Authority (FCA) in the UK and the Comisión Nacional del Mercado de Valores (CNMV) in Spain. These warnings state that OmegaPro is not authorized to provide financial services in their respective jurisdictions.
They claim they have registration from the UK Government House, but that is actually not an authentic registration source. As this directory cannot authorize any organization. Also, this broker later changed their name to another company. See below image:
Why Dealing With An Unlicensed Broker Is Risky?
Dealing with an unlicensed broker is very risky. There is no guarantee that your money will be safe, and you may have difficulty withdrawing your funds. Additionally, unlicensed brokers are often involved in scams and fraud.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Legal Warning Against OmegaPro
In addition to the warnings issued by financial regulators, OmegaPro has also been the subject of a number of legal complaints. In 2020, the company was sued by a group of investors who alleged that they had been scammed out of their money. The case is still ongoing.
CNMV issued a warning against this broker. Also, AMF issued a warning too.
Client Feedback
There are a number of negative reviews about OmegaPro online. Some former clients have complained about the company’s high-pressure sales tactics and the difficulty of withdrawing funds. Others have said that they were never able to make a profit trading with OmegaPro.
Feedback About Their Trading
The few reviews that are available about OmegaPro’s trading platform are negative. Traders have complained about the lack of transparency and the high fees.
Feedback About Their Customer Service
OmegaPro’s customer service has also been criticized. Customers have complained about the long wait times and the lack of helpfulness.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by OmegaPro or another unlicensed broker, there are a few things you can do:
- File a complaint with the financial regulator in your jurisdiction.
- Contact your bank and ask them to stop the payment to OmegaPro.
- Contact a lawyer to discuss your legal options.
You can also get help from the “Reviews Advice” website. This website provides information about how to avoid scams and what to do if you have been scammed.
Final Thought
OmegaPro is a high-risk investment and should be avoided. There is no evidence that the company is legitimate, and there have been a number of complaints about its trading platform and customer service. If you are considering investing with OmegaPro, we urge you to reconsider.
We hope this article has been helpful. If you have any further questions, please feel free to ask.
