Warning! OmagaSafeOption is an offshore company! Your deposit may be at risk.
RECOMMENDED FOREX BROKERS
At any given moment, a simple message will pop up on the website of OmagaSafeOption stating that somewhere someone has profited big time from suing the broker. As in “Erin has just won $45 359” for example, prompting many novice users to think that they have landed on a gold mine. We wish it was this easy. It’s clear to us that these messages are programmed to appear every 5 seconds or so. The truth is that OmagaSafeOption is not a broker that will lead you to such profit. In fact, it may lead to equally big losses; the chances of this are higher.
The first major moment is the supposed registration address of the broker. The site states that is it located in California, but it gives no regulatory information, nor does it give any specif address.
All we can say is this: the US is the place with the tightest FX regulations, courtesy of the CFTC and NFA. Only a handful of very big brokers operate there, and we can say with confidence that OmagaSafeOption is definitely not one of them.
No other regulatory details exist, making our job easier. We can conclude unequivocally that OmagaSafeOption is unregulated! It is also a scam!
Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).
Once we registered, which we find to be a necessary step when dealing with unlicensed brokers for the user area hides information that is otherwise obscured in the user area, we were led to a half-broken client area. But the state of the area was not the issue.
The main problem was that there was no trading software. Even the website held back on this. As a result, we have to conclude that OmagaSafeOption does not have a trading platform, and thus the broker does not, in all reality, offer any trading capabilities. OmagaSafeOption is a complete liar. There are no spreads to apply, no trading assets, and the leverages do not work. One might reach the conclusion that OmagaSafeOption is not even a broker, and he or she wouldn’t be wrong in thinking so.
The issue with the trading platform is twofold. First of all, the so-called platform is nothing more than a a third party chart that delivers trading details completely unrelated to OmagaSafeOption. Second of all, on these types of charts, no one can execute any trades. They are solely used as a reference point by non-brokerage entities.
There are no other platforms in the user area: only TradingView chart in the users area.
Instead, we stumble upon an old hat trick popular among scammers: investment packages, where the outcome of a deposit seems unbelievable. Here is what they are:
Obviously, this is too good to be true. A 240% return on a $500 deposit is possible only in incredibly rare occasions when there is unprecedented market volatility. Here, users aren’t even trading! This is what constitutes the typical investment scam!
OMAGASAFEOPTION MINIMUM DEPOSIT
Just to remind our readers that investing in unlicensed brokers is a mistake that will haunt you!
The only way to invest is through a BTC wallet. Investments through any crypto wallet are lost and untraceable, and that is why most fraudulent brokers prefer them.
As a result of this, there isn’t really a minimum deposit.
No other depositing information exists.
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.
OMAGASAFEOPTION WITHDRAW TIME AND FEES
Unfortunately, no withdrawal information exists. The broker leaves this out as a result of its lack of regulation, which allows it to do as it pleases.
And even if withdrawal were detailed, we still wouldn’t recommend investing here in the first place!
Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.
Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.
HOW TO RECOVER
The most sound advice we could give you is to immediately file for a chargeback with you credit card company.
If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.
Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!
OmagaSafeOption is a complete and utter scam. All deposits will be lost, and clients will have a very hard time trying to return their funds. Do not invest here!