OmegaPro Review 2020 – Is This Broker Safe?

Web site URL: https://omegapro.world/

Based: 2019

Rules: No License

Languages: English, Spanish

Deposit Strategies: Credit score Card, Debit Card, Financial institution Wire

Minimal Deposit: Unknown

Free Demo Account: No

Variety of Property: N/A

Kinds of Property: Foreign exchange

Buying and selling Accounts and Situations

OmegaPro has given no details about its buying and selling accounts and situations on its web site. The dealer does appear to have numerous buying and selling packages, however except you register your self as an affiliate, you can not get these particulars.

Apart from the truth that this dealer provides Foreign currency trading of some form, we don’t know the checklist of buying and selling merchandise on supply both. There isn’t a info on the buying and selling situations – nothing on minimal deposits, leverages and even spreads.

This makes us query whether or not OmegaPro is definitely a brokerage or not.

OmegaPro – Benefits

We at all times strive to make sure that our critiques present each the constructive in addition to unfavorable points of buying and selling with a specific dealer. Sadly, within the care of OmegaPro, there are merely no benefits to contracting with them.

We might advise all merchants to learn the checklist of disadvantages to grasp why there are not any benefits to buying and selling with this dealer.

OmegaPro – Disadvantages

Listed below are the disadvantages of doing enterprise with OmegaPro:

OmegaPro has not given any company info on its web site. We have no idea the identify of the corporate that owns or operates this dealer, the place it’s primarily based, or whether or not it’s regulated or not.

All we now have to go by is an deal with within the UK. And once we checked that deal with, we came upon that there have been greater than 1,400 firms that had been listed with precisely the identical deal with.

This leads us to conclude that that is presumably a digital deal with, and that OmegaPro doesn’t have an actual deal with.

$100

Minimal Deposit

Plus500 is a FTSE 250 listed brokerage offering on-line buying and selling providers in CFDs, throughout 2,000+ securities and a number of asset lessons.

$100

Minimal Deposit

The corporate was created as a mixed effort of economic professionals and consultants in web-commerce with the purpose of perfecting the net expertise for retail merchants.

Simply to make certain, we checked the FCA’s on-line registry. The FCA – Monetary Conduct Authority – is the UK’s monetary regulator. All Foreign exchange and CFD brokers are required to register with this watchdog in the event that they want to supply monetary providers within the UK.

It was no shock to search out that this dealer was not listed on the FCA’s registry, which implies that it’s utterly unregulated. What this additionally means is that in case you do resolve to speculate with this so-called dealer, you’re a nice danger of shedding all of your cash.

Public Warning Issued by CNMV

Whereas researching OmegaPro’s regulatory standing, we came upon that the CNMV had issued a public warning in opposition to this dealer.

The CNMV – Comisión Nacional del Mercado de Valores – is the Spanish monetary regulator, and it issued a warning to merchants that OmegaPro was a attainable scammer.

This sort of warning is normally solely issued by a regulator after it has obtained numerous complaints of being scammed by a dealer. So, the truth that such a warning has been issued in opposition to OmegaPro solely makes it clear that this isn’t a dealer you must belief.

Key Buying and selling Data Lacking

Brokers which are on the extent be sure that they’re utterly clear about their buying and selling situations, the varieties of buying and selling devices they provide, their numerous charges, and so forth.

In OmegaPro’s case, we now have actually no info. We don’t know what sort of merchandise the dealer provides, what the buying and selling situations (leverage, spreads, minimal deposits, and many others.) are, and even what switch and different charges are. All the things is an entire clean.

Suspected Multi-Stage Marketer

All the things about this dealer – together with the language it used on its web site – signifies that they’re really multi-level entrepreneurs. The dealer states that there are numerous funding packages for retailers and members (the phrase dealer hasn’t been used in any respect).

Moreover, the dealer talks about how one can pull in additional members as soon as your be a part of and you can be rewarded for doing so.

To compound the difficulty, there may be completely no proof of buying and selling on this dealer’s web site. Neither is there any proof that revenues are being generated by trades. So, the query is – how are the dealer’s associates paid?

All these elements point out that OmegaPro is not a foreign exchange dealer. Reasonably, it’s a scammer that makes use of an MLM scheme, the place previous members are paid revenues from deposits made by new members.

No Buying and selling Charges for 16 Months

One other unusual supply by the dealer is that it claims that it’s going to cost no buying and selling charges for the primary 16 months of a member becoming a member of this system. That is utterly remarkable; no dealer has ever achieved that – it doesn’t make monetary sense.

No Refunds Given to Prospects

One more warning signal that this dealer is a scammer is that OmegaPro explicitly states that it doesn’t enable for any refunds. What this implies for you is that upon getting given your cash to this dealer, you possibly can by no means get it again. You’ll be able to write if off as a nasty funding.

New Member Activation Charge

As soon as once more, we can’t cease commenting on the unusual situations this dealer has. OmegaPro asks its new clients to pay a $29 activation charge to have the ability to entry its platform.

We can’t say what sort of platform, since we had been unable to entry it in any respect.

Contemplating the lengthy checklist of very severe points we now have with this dealer, not having a demo account appears a fairly minor factor. Nonetheless, since we’re mentioning all of the disadvantages, we could as effectively point out this too.

Conclusion

We now have assessed OmegaPro totally, and we don’t really feel that it is a dealer that any dealer ought to do enterprise with. There are too many authorized in addition to operation purple flags, all of which level to the truth that this dealer is working a rip-off operation and that you just cash shouldn’t be secure with them.