OmegaTraderCenter Review – Should You Trust This Broker?

Our OmegaTraderCenter review will introduce you to a Swiss broker that claims to have been operating in the financial market for many years, offering trading in indices, stocks, metals, and energy resources. Let’s see if this organization is truly reliable.

Is OmegaTraderCenter a Trusted Platform?

The website omegatradercenter.com states that the company is registered in Switzerland, and even provides a local address. To verify the authenticity of this information, you can use the Zefix resource, which contains all data on companies registered in Switzerland. There is no mention of this broker there, which means the organization operates without registration.

There is no mention of a license on the pseudo-broker’s website. Therefore, we decided to search for it independently. In Switzerland, the regulator is FINMA, which issues licenses for brokerage activities. A search on its website, finma.ch, found no information about OmegaTraderCenter. This suggests that the organization’s activities have little to do with actual brokerage operations. This further emphasizes why you should avoid dealing with them.

Concerned About Withdrawal?

To fund an account, you can use a bank card or an electronic wallet. However, there is no clarification on how long it takes for funds to be credited to the account. The same payment methods are available for withdrawals. Again, there is no mention of how long the money will take to be credited. This raises suspicions that traders may never receive their funds at all. Scammers often use various excuses to avoid giving clients their money back. For example, they may ask for commissions or taxes, which in reality do not exist. Clients are required to deposit additional funds instead of deducting the amount from their withdrawals. All of this is designed to extract more money from traders. Once the client runs out of funds, communication simply stops.

How Long Does The Broker Work?

The company’s website claims it has been in business for 25 years. However, it was actually founded in June 2024, as revealed by a Whois search. This false information about the length of operation further indicates that working with this company is not advisable. A trustworthy broker wouldn’t deliberately provide false information to clients. Attention! This review belongs to InvestExpertHub.

Other Signs of Fraud

❗Upon registration, a bonus of 50% is offered, a tactic typically used by scammers to build trust with inexperienced traders. These bonuses cannot simply be withdrawn—they must be “earned” using the client’s own funds.

❗There’s also a discrepancy regarding the minimum deposit. The website states that trading can start with 250 euros, but the simplest account type, “Bronze,” requires a $5,000 deposit. First, it’s unclear why the amounts are stated in euros on one page and in dollars on another—especially considering that Switzerland uses the Swiss franc. Secondly, it’s unclear what type of account a client will receive if they deposit less than $5,000.

❗The leverage reaches up to 1:600, which is very high for beginners. Only experienced traders should use such leverage, while beginners should stick to a maximum of 1:100. Additionally, based on the information in the “Account Types” section, it’s unclear whether any leverage is provided at all for deposits below $5,000, which is necessary for accessing the financial markets.

OmegaTraderCenter Review Conclusions

Working with this company is not recommended. You risk losing your money. The organization lacks registration and a license. It does not have authorization to conduct brokerage activities.

➕Low minimum deposit of 250 euros.

➖No registration.

➖No license.

➖False claims about the company’s longevity.

FAQ

Brief Conditions