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OmegaCrypto Review: Omegacrypto.com Forex Scam

OmegaCrypto Review: Omegacrypto.com Forex Scam

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OmegaCrypto (Omegacrypto.com) is another askew Cryptocurrency trading platform scam stealing from Crypto enthusiasts. Omega Crypto is professing to be a next generation broker determined to help users win big. With such big claims, unsuspecting investors signed up not knowing the motive behind the platform. Members who signed up a while back are now crying foul after having their accounts blocked. Read this genuine and honest OMEGACRYPTO Review for more details.

OmegaCrypto Review

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OmegaCrypto Review

With complaints coming from mostly Asia and Europe, OmegaCrypto is a brutal online platform. The problem with newbies is they tend to believe everything they read on the web. A new platform which produces insane profit margins is what newbies want. And scam artists take advantage of this and create a cloned trading website. Scam artists will use over the moon claims and promises to make sure newbies are interested. Once they sign up and deposit funds, their accounts get blocked.

Professional scam artists will do anything to make you believe what they are selling. Nowadays, scam artists are hiring call agents to act as brokers and insist you sign up. After handing them your contact information, you will be bombarded with calls to deposit more funds. In most cases, these call agents will claim depositing more funds will lead to more profit. Social media platforms such as Tinder are being used to trap victims with fake posts of a rich lifestyle.

About OmegaCrypto

OmegaCapital Ltd is the company which claims to be behind this website. According to the disclaimer at the footer of their homepage, the platform is located in Singapore. You should be wary since scam artists will do or say anything to trap certain investors.  The more we delved into this website, the more problems we encountered. Thanks to our years of investing and trading experience, we know how to spot a scam from a mile away.

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Anonymity is a dangerous feature to associate with especially online investment platforms OmegaCrypto is anonymous and fails to give users any names of the founding members. No one knows the names of people running the website. Not even a single broker has come out claiming to be associated with Omega Crypto. And this is a red flag that we are dealing with a dangerous and risky online investment platform. Scam artists hide their real identity and make it difficult for investors to recover stolen funds.

Is OmegaCrypto Licensed or registered?

After a closer look with most regulators, we are sure OmegaCrypto is not licensed to operate. Omega crypto is another unregulated platform looking to steal from investors. The platform does not even post any license or registration number on their homepage. As fate would have it, OmegaCapital is not a licensed or registered company. From what we have found out, these are offshore brokers trying to steal from online investors.

Looking at their compliance page, no information is given in regards to their license credentials. You would expect a true trading platform to post copies of their license details for all to see. Without these details, all we have is a platform with no credibility. Anyone who signs up should know the platform does not follow any set industry regulations and rules. Security of funds is not guaranteed in this platform as it would in a registered online platform. Your funds are at risk of being stolen and no compensation in sight.

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Advantages of OmegaCrypto

We could not come up with any advantages of dealing with an anonymous platform. With complaints coming in from all parts of the world, OmegaCrypto is not worth your time. Lack of a proper trading license and registration is proof this is a scam. Investors should never deposit funds with an untested platform.

Disadvantages of OmegaCrypto

Account types

OmegaCrypto Account Types

OmegaCrypto is furnishing members with seven different account types to choose from. Accounts listed include Trial, Basic, Trader, Pro, VIP, Millionaire, and VIP ULTRA. The basic account demands users to deposit $500 as their minimum deposit. According to the set industry standard, this is way too high compared to the set price of $250. Another issue we noticed with these accounts is similarities in features. Why would an investor deposit $100,000 and get same features as one who deposited $10,000.

Customer Support

With a platform which claims to offer next generation platform, you would expect live chat support. The platform fails miserably at providing ample communication with members. Lack of an adequate live chat support is proof we are dealing with a quack. The platform prefers the use of emails and telephone. Emails have one huge flaw, they are one way communication channel. You have to wait for weeks to get a response with this platform. Live chat offers direct communication. The phone number listed is ever busy making it totally worthless.

Demo Account

You would expect the platform to offer a demo account for users to test how well the platform works. A demo account will help users determine how fast the platform executes trades. Without testing a demo account, users are signing up blindly. OmegaCrypto is probably hiding the fact that their platform is unstable.

Funding methods

When it comes to account funding methods, OmegaCrypto is well-covered. The depository channels include American Express, MasterCard, Visa, and Skrill. They ensure traders from anywhere in the world can deposit funds. The problem with this platform is withdrawing funds. No user or member has come out with proof of ever withdrawing funds with this platform. Make sure to stay away from this platform and never deposit funds with them.

Safety of funds with OmegaCrypto

OmegaCrypto Trading Platform

With vivid details listed above, it is clear funds are not safe with Omega Crypto. How can funds be safe with an anonymous and unlicensed online trading platform? With security being an issue, hackers can easily gain access to this platform. The website lacks basic security features and trading platform is unstable. Unstable platforms are easy prey for hackers looking to steal credit card information. Make sure you stay away from this platform or risk becoming their next victim

Scam or legit

OmegaCrypto is a scam which is stealing from anyone who deposits funds with them. With segregation of accounts not an issue, members are depositing funds straight to owner’s personal bank account. Make sure to stay away from this platform or else face the risk of being scammed. Mark their emails as spam and never click on any promotional link. Warn your family and friends from joining any of their affiliate programs.

Verdict

Adding this platform to our scam blacklist will ensure our readers never fall for this trap.

Make sure to sign up with authentic and genuine brokers who are dedicated to providing safe trading conditions. Get top rated brokers who have a solid trading reputation. Your time to shine starts with having recommended brokers who are reliable at all times.

Wishing you a happy and safe trading experience.

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