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Abstract:Online trading scams tends to display profitable profits that give investors a false sense of easy money-making.
Once the investors are cheated by the false sense, they will invest more money to earn greater returns. At last, they will lose all their trading money.
Signs of a Ponzi scheme
OmegaPro is conducting an investment program that promises a fixed trading profit up to 300% after 16 months. No risk of capital and constant profits daily for every trader including a fresh forex trader. Actually, Omegapro shows the signs of Signs of a Ponzi scheme. The company is performing an illegal financial program that is just playing with money it gets from people that join the system and deposit.
Four financial authorities issues warning against OmegaPro
Viewing its home page, we found OmegaPro is an unauthorized broker. Unfortunately, it is providing financial and investment services that required licenses from financial regulators. Whats more, we found four financial authorities warned public that OmegaPro is an unlicensed broker.
· The Spanish regulator CNMV has confirmed that OmegaPro is an unauthorized investment service.
· The Financial Services Commission, Mauritius (the “FSC”) informs the public that OmegaPro Plc (“OmegaPro”) or any other individuals/representatives or promoter groups operating under this name are not and have not, at any point in time, been licensed and regulated by the FSC.
· The Autorité des Marchés Financiers (AMF) added OmegaPro to its warnings.
· The Financial Services and Markets Authority, Belgium (FSMA) issued a warning against OmegaPro.
All of these warnings issued by four regulators made it clear: OmegaPro is not been authorized to carry out investment services and activities as a lack of authorization.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
RCG Markets broke into the forex industry in 2008 and quickly gained great popularity in South Africa and some other regions. This online trading platform offers a great variety of tradable assets, covering forex (over 70 pairs), indices, shares, commodities, and energies through the maximum leverage of up to 2000:1. Besides, RCG Markets enable retail investors to gain a superb trading environment on industry-leading trading platforms- MetaTrader 4 and MetaTrader 5, both offering robust charting functionalities and automated trading. Though acquiring a solid reputation among investors through its excellent trading experience, what RCG Markets impresses us is its low entry barrier, incredibly low, starting from R50, equivalent to $2.70 in USD or 2.15 in GBP. That's why more and more investors are flocking to this platform to trade—start small, win big.
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