Financial Services Commission (Mauritius) Issues Warning Against OmegaPro PLC
According to the Financial Services Commission, the team behind OmegaPro has been misleading people from around the world with wrong information. OmegaPro team has been claiming that they have been providing high yields to their investors.
OmegaPro PLC Scam Warning
The Financial Services Commission (Mauritius) has recently issued a public/investor warning against OmegaPro Plc. The warning revolves around the services being provided and claims being made by OmegaPro Plc to the locals.
In the warning, the FSC Mauritius has provided the reason why it has urged the locals to remain very vigilant and alert of the trading service provider. The warning has been issued for the locals so they do not end up getting lured into investing money, and then regret doing it.
Financial Services Commission’s Warning
According to the Financial Services Commission, the warning has been issued in response to the existence and operations of OmegaPro. Whether it is the existence of Omega Pro or the services it provides, the trading service provider has tried misleading the investors:
High Yield Claims
According to the Financial Services Commission, the team behind OmegaPro has been misleading people from around the world with wrong information. OmegaPro team has been claiming that they have been providing high yields to their investors.
The platform has claimed that it has the ability to turn every investment into high yields. According to the Financial Services Commission, the OmegaPro team claims that it has successfully integrated artificial trading into all products it provides.
The claim goes to mislead investors into believing that not a single trade through OmegaPro would be a waste. Instead, the platform falsely promises high yields against the investments of the investors.
Referral Bonus
OmegaPro has not limited itself to claiming that it provides high yields, it has also claimed to provide bonuses through the referral program. OmegaPro reportedly claims that the investors would be given a referral bonus if they refer and bring the people they know to OmegaPro.
This way, the platform has launched an affiliation program, where it lets investors become their partners and then refer others to their services. OmegaPro has used this tactic to lure more people and deprive them of their investments.
According to OmegaPro, the referrers would be compensated in the form of bonuses for every successful referral.
Authorized to Operate in Mauritius
For any trading service provider to provide financial services to locals in Mauritius, the platform needs to have authorization. In Mauritius, it is the Financial Services Commission that gives approval and authorization for operating in Mauritius. Therefore, OmegaPro also needed approval from the Financial Services Commission to operate and provide financial services to the locals.
Therefore, OmegaPro has not acquired any kind of approval from the Financial Services Commission in order to operate in Mauritius. As OmegaPro has no authorization, it is not authorized to provide financial services to locals in Mauritius.
In the light of the above, the FSC has issued a warning for its locals not to engage with OmegaPro at all.
Other Regulators Issuing Warning Notices
Other regulatory authorities have also issued warnings about OmegaPro to their locals. One such regulatory authority is the Financial Services and Markets Authority of Belgium has issued a warning against OmegaPro. The Belgian regulator has issued a similar kind of warning for its locals about OmegaPro.
Services Provided by OmegaPro
OmegaPro has reportedly been providing its services as a forex, commodity, and cryptocurrency trading service provider. In total, OmegaPro claims it provides trading services for more than 200 instruments to investors.
The platform claims that it provides artificial intelligence services to investors when performing trades. It means that the investors can have the trading bots perform trades on their behalf. The platform claims that the investors can generate high gains through the trading bots.
The platform claims that it has been authorized to operate in Mauritius and strictly adheres to the KYC, and AML policies.
On the portal, OmegaPro also claims that it offers investors the opportunity of becoming an affiliate. Through the affiliate program, the investors can publicize OmegaPro and direct the crowds over to the trading platform.