OmegaPro is an unregulated forex broker. It has gained notoriety as a scam.
The broker claims to be ‘omnipresent’ and allows its clients to trade with stocks, currency pairs, commodities, and indices. Overall, it offers over 200 underlying assets for you to trade.
OmegaPro is a financial scam. It has an unauthorized broker and poor investment service. Many individuals suffered heavy losses while doing the investment in it. These schemes provide bogus online trading platforms for their clients.
It is best to avoid these platforms that pretend to conduct real business.
Furthermore, it offers an investing scheme. There, they claim to give you returns of up to 300% after 16 months. The minimum withdrawal limit at OmegaPro is $150.
Similarly, the registration fee at OmegaPro is $29.
Who is the OmegaPro CEO?
The CEO is Dilawar Singh. He claims to be a thought leader in the forex trading industry.
Moreover, Dilawar Singh claims he has launched ventures in cryptocurrency vending and has several creative undertakings.
However, the man hasn’t succeeded in sharing any proof of his claims.
Since the launch of OmegaPro, he has attracted a ton of negative attention as the company has scammed many investors.
Is OmegaPro a Scam?
Several regulatory authorities across the globe have issued warnings against this forex broker. The company claims to be a forex brokerage service in St. Vincent Gredanise.
However, the company has no registration there.
The company claims to offer financial and investment services but has no licenses from any regulators. It is illegal.
This means, if you invest with them, your deposits will have no insurance. So, if they vanish with your funds, you wouldn’t be able to get any refunds.
Received Warnings from Financial Regulators:
CNMV, the Spanish financial watchdog, has confirmed that the company is a scam. Hence, you should stay away from this broker.
Additionally, FSMA has issued a public warning against OmegaPro saying it shows signs of being a Ponzi scheme. Note that FSMA is the financial regulatory authority in Belgium.
Apart from CNMV and FSMA, the French financial watchdog (AMF) has also blacklisted this company.
Recently, FSC Mauritius issued an investor alert against OmegaPro as well. They point out that the forex broker has no license and is not regulated by the FSC.
OmegaPro World has been blacklisted by a ton of global financial regulators. It suggests the broker is not as reliable as it claims to be.
OmegaPro Investment Packages: Unreliable and Shady
If you’re considering going with OmegaPro investment packages, you would be making a grave mistake.
That’s because the Forex broker is a scam. It is running an illegal investment scheme that puts you at extreme risk.
According to its ‘Risk Disclosures’ document, the company takes no responsibility if you lose all of your invested funds.
Moreover, the company has no license to operate as a financial services provider nor does it have a license to operate as a forex broker.
Top Reasons Why You Should Avoid OmegaPro World:
Apart from receiving warnings from multiple financial regulators around the globe, OmegaPro has a ton of other issues.
Hence, before you consider investing your hard-earned money with them, it would be best for you to consider the following points:
OmegaPro is Not a Legit Broker
The biggest red flag in this broker is that it is not a broker at all.
It claims to be a forex broker but it shares no trading platform. The website doesn’t give you access to any trading platform as well.
Certainly, the broker doesn’t have any facilities where traders can perform real trades.
Although the company entered the market in 2018, it hasn’t been able to show any true trading exchange.
When you sign up, you see that all the facilities are marked “Coming Soon”.
The only thing you see on it is a pyramid scheme of referrals. In other words, it is not a forex broker but a Ponzi scheme.
It Shares No Trading Conditions
There is no information available on the trading conditions of this ‘broker’.
OmegaPro World claims to make money through AI-based trading algorithms.
However, the company is not trading in real markets.
The only way Dilawar Singh OmegaPro is making money is by selling the pyramid scheme of OmegaPro referrals. Note that pyramid schemes are illegal in most countries as they are fraudulent.
OmegaPro Has No Registered Office
The broker claims to be based in St Vincent and Grenadines.
However, the company has no office there. I looked up the financial register and commercial register of St Vincent and Grenadines.
There was no sign of OmegaPro World.
The registration number this company shares (25857BC2020) is not present on any register. It is only present on their website.
It is a fake registration number and the company is using it to dupe consumers.
It is Facing a Criminal Investigation
The authorities in Congo have launched criminal investigations against OmegaPro. They have filed cases against 2 managers of this company.
This action aims to prevent the firm from promoting its dubious scam.
Scammers tend to target the forex industry as it is extremely lucrative and has a broad market. It isn’t the only scam that has received criticism from consumers and authorities.
Another forex scam is Eurotrader, a broker which has received a ton of negative attention from its customers.
What is OmegaPro Network?
When I looked at OmegaPro World, I didn’t find any evidence of them being actual forex brokers.
However, I realized the true extent of this scam when I visited the website of OmegaPro Network.
There, you will see a long list of “licenses”. According to the broker, every license has a minimum deposit requirement.
However, OmegaPro Network fails to mention the benefits of each license.
The pricing of these licenses starts from $100 and goes up to $50,000.
Then, you have their classification of ranks. They reveal how OmegaPro is not a forex broker but merely an MLM scam:
In a pyramid scheme or MLM scam, the company asks you to invest to join its network. Then, you have to recruit 3-5 additional members and make them invest in the firm.
The company entices you to recruit new members by offering a certain percentage of the investments made by your recruits.
Now, the task of your recruits will be to add 3-5 more members to the network each. As the network grows, so should your commission.
On paper, it all sounds good. However, it’s worth noting that in an MLM scheme, most of the profits will go to the company and you won’t receive much.
Dilawar Singh might make a ton of money but that won’t be true for you.
Almost all investors of MLM scams lose their investments. That’s why they are illegal.
OmegaPro Network isn’t the only MLM scam marketing itself heavily. Penney Ooi of WFG is doing the same with her firm.
OmegaPro Wikipedia: Latest Claims
To distract consumers from the numerous warnings and lawsuits, OmegaPro relies on online and offline events.
It has been holding events with Jordan Belfort, a convicted scammer who became famous through a book.
Furthermore, it has organized events in Dubai, UAE to attract investors.
The sole purpose of its live streams and events is to attract as many investors as possible. Due to the lack of any license or regulation, OmegaPro can disappear with the money of its investors at any time.
By using deceptive marketing tactics, it is trying to bury any news mentioning how it has been blacklisted in France, Belgium, Mauritius, Congo, and several other countries.
OmegaPro Review: Verdict
OmegaPro World is a scam.
Although it claims to be a forex broker, it is only a pyramid scheme that targets consumers in South-East Asia and Africa.
Multiple financial regulators have flagged this firm as a scam.
Your money is not safe with them as the company can disappear with your money whenever it wants.
It has no license or regulation as well.
Due to these reasons, I don’t recommend signing up with OmegaPro.
We should stop blaming victims and accusing them of being greedy; I wasn’t greedy and I’m pretty smart but there are many other victims out there who have been completely destroyed and are helpless.
Omegapro has caused me to lose more than $10,000. They tell you to market the product everywhere and as much as possible. But they don’t help you with anything. Everything is so vague about them. My upline made me invest a lot of that $10,000 in the beginning phase and the company provides you with no assistance. There is no platform, nothing. It’s all a bunch of lies.
Don’t fall for this scam!
OmegaPro can be found on the site 16 months after purchasing USD, $ package online.
If you don’t know how, you can ask your sponsor or contact OmegaPro Customer Center to get an answer.
See http://www.ebizbank.co.kr for help.
It’s a pity that the comments posted here seem to have no idea how to do it.
OmegaPRO claims to be a Forex broker but doesn’t have any trading platforms; the website doesn’t give you access to any trading platform as well.
Someone tried to recruit me to this and as soon as they told me that I will get 200% returns as said bullshit it sounds like a 200% scam.
omegaPro world is not a real Forex broker, instead, it is a Ponzi scheme that has been flagged up by multiple financial regulators across the globe. I have already lost like $500 with this horrible company.
I am not going to invest more with these people. How can celebrities work with these scammers?
Not everybody can be rich through these unconventional means. I can’t believe some people still fall for these schemes.Just go to work for 9 to 5 jobs and stop living an expensive lifestyle.
It’s not a matter of being a scam the real question is really can it be profitable for most people?
If the statistics are correct then 95% to 97% fail and lose money in trading Forex.
Then people say well those people are emotional traders or horrible risk management etc.
While I am sure that is true for 60% to 70% of people why are the remaining percentages feeling what other variables are there that are being discussed like market manipulation your broker setting odds against you etc. to let’s and pad this straight up. OmegaPro is surely a scam.
Total frauds…????
Stole $1400 from my family????
My friend told me to join Omegapro network saying it is passive income source.
There is no income.
After 5 sales I get 0 commission.
They keep all your money and tell you to sell more.
Don’t join there network pls.
As with any other market, their money is not made overnight. trading with leverage doesn’t necessarily mean you can turn your $1,000 into a million in months or something. Beginners do not have that insane amount of ability to do that. The moment you first blow your account is the moment you realize it is not as easy as these people make it seem. Omegapro might not be completely at fault. Maybe Dilawar Singh is a cunning man who saw how stupid some people are and launched this fraud scheme.
This a global scam. People need to report OmegaPro in their country to make sure it gets banned everywhere. I lost around $5000 because of this scam.
fortune only favors the brave and it takes a lot of courage to be able to succeed in trading.
Scam platform.
I joined in March because my friend told me I can make serious profit.
They have taken 25,000rs from me but now they tell me I am not eligible for profit. Total liars.
If it sounds too good to be true. Never give anyone money to trade for you ever would you give a stranger a bag of cash you just meet at a bus stop and ask him/her To look after it for you and me here next to me to get it back.
I have already lost Rs 25000 to this scam. Withdrawal not working. Customer support is not responding ????????
You guys are lier, after 7 business days of your purchase u can see the compounding right away. you can withdraw anytime if you have 50$ up of your compounding. You can cancel the contract if not reach 100% of your compounding. 70% of your investment will give it back to you. I dont have problem with omegapro. Easy withdrawal unless you dont know how.
There are a lot of scam brokers. You have to spend a lot of time choosing an honest company.
I am a victim of omegapro Myanmar, it is a small country but they have many victims here. Sadly more people are getting scammed by them every day.
I have been working with omegapro for weeks. There has not been any profit and now they are telling me to invest more. Pur necam.
I joined OmegaPro network a few months ago. Sadly the network hasn’t been fruitful. They took over $10000 from me to join the program but the results have been very bad. People tell me it’s a scam and I used to think they are fools.
Then the time came for me to get paid. It has been months but Omegapro hasn’t paid me anything. Their network is a total fraud. I have been asking to get my commissions but I haven’t received any. They are liars and cheats.
I invested over $100. They never let me withdraw. My money is stuck.
Just like bitconnect is very profitable if you get in early and exit on time if you enter too late you lose everything.
OmegaPro is a huge scam. I have already lost all the money I invested here. There is no forex.
It’s not a scam because you can make money I have been in Forex for a year now I have made some and lost some however mostly when I lost I made mistakes such as risk in too much or ignoring key warnings because the trade was against me it’s a lot about self-discipline and being calm not trading big because you want up the fat stack in a week it’s about developing the strategy that works for you and your priorities life it takes time and patience. Omegapro seems good to me.